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    Formosa Plastics defers construction on its Sunshine petrochemicals project in Louisiana

    Formosa Plastics subsidiary FG LA LLC recently announced that it has chosen to defer the primary construction at the two-phase Sunshine petrochemicals project in St. James Parish, Louisiana. October 22, 2020
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    SABIC and Saudi Aramco are reevaluating their plans for the upcoming Yanbu COTC project

    SABIC recently announced that it was reevaluating and likely expanding its vision for the crude oil-to-chemicals (COTC) project in Yanbu, Saudi Arabia with the integration of existing infrastructure. October 22, 2020
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    Come-by-Chance refinery in Newfoundland sale falls through, could be headed for closure

    Come-by-Chance refinery in Newfoundland sale falls through, could be headed for closureOctober 15, 2020
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    Petron of the Philippines is considering shutting down its 180,000 bpd Bataan refinery

    Petron of the Philippines could potentially permanently shutter its 180,000 barrel per day Bataan refinery as it pushes for more government support around existing tax issues. October 15, 2020
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    Renewable Energy Group announces plans to expand the Geismar biodiesel plant to 340 million gallons per year

    The Renewable Energy Group (REG) of Iowa recently announced that it is planning a significant capacity expansion at its existing renewable diesel refinery in Geismar, Louisiana. October 8, 2020
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    Sasol and LyondellBasell announce a $2 billion petrochemical joint venture in Lake Charles, Louisiana

    Sasol of South Africa recently announced plans that it would sell 50% of its stake in an ethane cracker and two polyethylene plants, plus any associated infrastructure at the Lake Charles Chemicals Complex (LCCP) in Lake Charles, Louisiana. October 8, 2020
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    Preem cancels its plans for its Residue Oil Conversion Complex in Sweden

    Preem of Sweden recently announced that its planned $1.65 billion Residue Oil Conversion Complex (ROCC) will have its environmental permit withdrawn and progress will be ceased. October 1, 2020
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    Total expected to convert its long running Grandpuits refinery into a zero-crude platform by 2024

    Total SA of France announced recently that it would end crude oil processing at its long running Grandpuits refinery in Seine-et-Marne in 2021 and convert it into a bio-industrial plant in the next four years. October 1, 2020
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    Glenfarne has asked the FERC for 5 more years to build the Magnolia LNG export plant in Louisiana.

    The Glenfarne Group of New York has requested a five-year extension from the U.S. Federal Energy Regulatory Commission (FERC) as the COVID-19 pandemic continues to impact offtake contract-dependent projects such as the 8.8 MMtpy Magnolia LNG project under development in Lake Charles, Louisiana. September 24, 2020
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    The Indian Oil Corporation decides to review its refinery expansion plans

    India’s largest refining company, The Indian Oil Corporation (IOC) recently announced that it has begun an internal review of its pending refinery expansion plans due to the growing interest in cleaner fuels and a change in demand expectations. September 24, 2020
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Business Trends: Asia and Europe join the feedstock evolution with steam crackers

From the April 2018 issue of Hydrocarbon Processing

 

 
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