Saudi Aramco, Sinopec’s Yasref refining venture secures $4.7B loan
Yasref, which operates a 400,000-bpd refinery next to the Red Sea, began working at full capacity last July. In December, bankers told Reuters that Yasref was seeking the loan to replace some cash which Aramco had invested to build it, so that Aramco could use the money elsewhere.
April 15, 2016Continue reading...G2X secures $680MM in funding for Natgasoline methanol unit in Texas
The injection of $680 million into the project, combined with OCI's existing equity of $520 million and shareholder loans of $511 million, will complete the entire funding requirements for the project.
April 14, 2016Continue reading...Dow Chemical invests in OxyMem’s wastewater treatment technology
The investment will accelerate the commercialization of OxyMem’s promising wastewater treatment technology -- the Membrane Aerated Biofilm Reactor (MABR).
April 13, 2016Continue reading...Baku Oil Refinery Modernization to start in 2017
SOCAR will launch construction work under the project on the modernization of Baku Oil Refinery Plant named after Heydar Aliyev in 2017, Deputy Director General of the Oil and Gas Processing Complex (OGPC) Emil Alkhasly said at the event dedicated to the state support to the industrial development on April 12.
April 12, 2016Continue reading...Air Liquide to supply gases for petrochemical unit of China’s Sinopec
Expected to start operations in the second quarter of 2017, the new ASU will supply industrial gases including oxygen and nitrogen to the customer's new ethylene oxide plant as well as to its existing one.
April 12, 2016Continue reading...INEOS to buy US NGLs from Rex Energy to feed European crackers
The transportation of ethane supplies commenced in April 2016, while propane and butane supplies will start with the completion of Mariner East 2 pipeline in 2017.
April 11, 2016Continue reading...LyondellBasell acquires Indian polypropylene compounding assets
LyondellBasell entered into a definitive agreement to acquire Zylog's polypropylene (PP) compounding assets in November 2015, and the deal was formally completed on Thursday.
April 7, 2016Continue reading...Kinder Morgan Units Award EPC Contract To IHI E&C For Planned LNG Export Facility At Elba Island
Kinder Morgan, Inc. and IHI E&C jointly announced today that Kinder Morgan subsidiaries, Elba Liquefaction Company, L.L.C. and Southern LNG Company, L.L.C., awarded to IHI E&C a contract for the engineering, procurement, construction, commissioning and startup of Kinder Morgan's natural gas liquefaction project at Elba Island, near Savannah, Georgia.
April 6, 2016Continue reading...Saudi’s SABIC starts trial operations at new rubber plant with ExxonMobil
Trial operations have started at the carbon black and utilities unit of the Al-Jubail Petrochemical Co. (KEMYA) rubber plant, officials with the joint venture said in a statement.
April 5, 2016Continue reading...Myanmar approves construction of $3B refinery
The Myanmar Investment Committee granted the Chinese firm Guangdong Zhenrong Energy approval to build a 100,000-bpd refinery in the southeast coastal city of Dawei.
April 5, 2016Continue reading...