Archive for the ‘Petrochemicals’ Category
Wison Engineering Services Co. Ltd. completed delivery of all nine ethylene-cracking furnaces to be installed as part of the naphtha cracking unit at the first phase of Zhejiang Petrochemical Co. Ltd.’s 800,000-b/d integrated refining and petrochemical…
ExxonMobil Corp. reported estimated third-quarter earnings of $6.2 billion compared with $4 billion in the same quarter in 2017. Cash flow from operating activities of $11.1 billion was the highest since third-quarter 2014. Capital and exploration expe…
On Nov. 5, the US government imposed oil and other sanctions against Iran that were lifted under a 2015 multinational nuclear arms control agreement, the Trump administration announced.
Regulation and recycling
November 12th, 2018 by Latest News
By now we know the outcome of the Nov. 6 US midterm elections. Held in an environment in which the most extreme detractors of each party described their counterparts as bent on establishing a nationalist dictatorship on one hand or a communist pogrom o…
Wanhua Chemical Group Co. Ltd. has let a contract to Honeywell UOP LLC to implement its proprietary Honeywell Connected Plant Process Reliability Advisor (PRA) to provide prescriptive monitoring of a propane dehydrogenation (PDH) unit at Wanhua Chemica…
LyondellBasell Industries is progressing with construction of the previously announced grassroots high-density polyethylene plant now under way at its petrochemical complex in La Porte, Tex. As of Nov. 5, key pieces of equipment, including a multi…
Wison Engineering Services Co. has completed delivery of all nine ethylene-cracking furnaces to be installed as part of the naphtha cracking unit at the first phase of Zhejiang Petrochemical Co.’s 800,000-b/d integrated refining and petrochemical compl…
NGL prices in Conway, Kan., sank to discounts of 20-30¢/gal vs. prices in Mont Belvieu, Tex., and deep discounts persisted through early fourth-quarter 2018.
IHS Markit: US chemical producers pressured by midstream constraints
November 5th, 2018 by Latest News
The surge in production of associated and nonassociated natural gas from US shale gas and tight oil plays, combined with a wave of new petrochemical steam-crackers coming online, has created a major pinch-point for producers and purchasers of those eth…
Saudi Aramco and Saudi Arabian Basic Industries Corp. have selected Yanbu, on Saudi Arabia’s west coast, to build their previously announced fully integrated crude oil-to-chemicals complex, which will process 400,000 b/d of oil to produce about 9 milli…