Archive for the ‘Petrochemicals’ Category
ExxonMobil has let a contract to a consortium of Maire Tecnimont subsidiary Tecnimont SPA and Performance Contractors Inc. to provide front-end engineering design, early execution studies, and early procurement activities for new process units and asso…
OMV, Borealis eye plastic recycling
May 10th, 2019 by Latest News
OMV and Borealis are exploring ways to chemically recycle plastic waste into plastics feedstock at the refining and petrochemical site they share at Schwechat, Austria.
Lotte Chemical USA and Westlake Chemical have completed their long-planned $3.1-billion grassroots petrochemical project in southwest Louisiana. The state of Louisiana alongside Lotte and Westlake officials held a dedication ceremony for the compl…
Indorama Ventures Olefins, an indirect subsidiary of Thailand’s Indorama Ventures, has achieved mechanical completion of its previously announced project to renovate and restart a dormant ethane cracker in Westlake, La., just west of Lake Charles in Ca…
ExxonMobil Corp. is planning a $2-billion investment to expand its Baytown, Tex., chemical plant. Scheduled for startup in 2022, the expansion will include a performance polymer unit that will produce about 400,000 tonnes/year of Vistamaxx polymers, Ex…
Chevron USA has completed its purchase from Petrobras America of all outstanding shares and equity interests of Pasadena Refining System Inc., which includes the refinery in Pasadena, Tex., and PRSI Trading LLC for $350 million, excluding working …
Chevron USA has completed its purchase from Petrobras America of all outstanding shares and equity interests of Pasadena Refining System Inc., which includes the refinery in Pasadena, Tex., and PRSI Trading LLC for $350 million, excluding working …
Aramco unit buys stake in Hyundai Oilbank
April 15th, 2019 by Latest News
Aramco Overseas Co. BV, a subsidiary of Saudi Aramco, will purchase a 17% stake in South Korean refiner Hyundai Oilbank, supporting Aramco’s oil placement strategy by providing a dedicated outlet for Arabian crude to South Korea.
Fire hits Malaysia’s integrated refining, petchem complex development
April 12th, 2019 by Latest News
A fire broke out on Apr. 12 at the jointly held Saudi Aramco-Petronas $27-28 billion Pengerang Integrated Complex in southeastern Johor, Malaysia. The fire occurred about 1:25 a.m. local time at the atmospheric residue desulfurization unit, which is cu…
Borouge lets contract for Ruwais petchem complex
April 8th, 2019 by Latest News
Abu Dhabi Polymers Co. Ltd. (Borouge), a joint venture of Abu Dhabi National Oil Co. (ADNOC) and Borealis AG, has let a contract to WorleyParsons Ltd. to provide project management consultancy for the proposed expansion of Borouge’s integrated polyolef…