Japan refiners may cut capacity to meet new efficiency regulations
The refining sector may have to cut about 10% of capacity, as the Japanese government is set to impose new targets to boost efficiency and spur restructuring and mergers.
July 1, 2014Continue reading...Chevron Phillips expands Belgium mercaptan plant
The expansion includes an on-purpose hydrogen sulfide (H2S) unit and additional sulfur-based products capacity to better serve customers and meet their growing demands, according to CPChem officials.
June 30, 2014Continue reading...EU leaders focus on cheaper energy, secure supply
The EU heads of state and government backed efforts to speed the creation of a common energy market, develop infrastructure and diversify supply, according to a strategic agenda signed in Brussels.
June 30, 2014Continue reading...US shale spurs record foreign chemical investment
Foreign companies account for 62% of announced capital investments in the US chemical industry, the largest ever influx from other nations, according to the American Chemistry Council.
June 30, 2014Continue reading...US refiner shares tumble after shale-export ruling
Investors reacted swiftly after Pioneer Natural Resources and Enterprise Products said the US gave them approval to export ultra-light crude processed at gathering facilities in the fields of south Texas. The ruling is seen as loosening a four-decade old prohibition against crude shipments abroad.
June 27, 2014Continue reading...Dow Chemical set to begin construction on new Texas ethane cracker
The projects announced for the Freeport site represent many workers, with 4,000 required for construction of multiple feedstocks, derivatives and supporting infrastructure projects.
June 25, 2014Continue reading...Honeywell’s UOP Helping Meet Petrochemicals Demand In China With Breakthrough Coal-To-Plastics Technology
UOP LLC announced that its licensee, China’s Wison (Nanjing) Clean Energy Co. Ltd., has produced more than 360 million pounds of light olefins at a plant in Nanjing, China, using UOP’s breakthrough methanol-to-olefins (MTO) process technology.
June 24, 2014Continue reading...Foster Wheeler to install heat exchangers at Linde gases plant in England
Under this agreement, Foster Wheeler will provide project management, front-end engineering design, detailed engineering design, procurement services, construction supervision and quality assurance for the replacement of existing aluminium plate fin exchangers in the 1,300 tpd air separation plant.
June 24, 2014Continue reading...Canada approves Northern Gateway oil pipeline
The approval of the C$6.5 billion ($6 billion) project by Prime Minister Stephen Harper’s cabinet is subject to Enbridge satisfying the 209 conditions placed on the proposal by a regulatory review panel.
June 20, 2014Continue reading...Africa’s Dangote gets $300 M loan for greenfield refinery, fertilizer unit
African Development Bank approved a loan of $300 million to Dangote Industries for the construction and operation of a greenfield crude oil refinery and a greenfield fertilizer plant.
June 19, 2014Continue reading...
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