Published on June 2, 2017
Exxon Mobil has reached an agreement with Jurong Aromatics to puirchase its aromatic unit in Singapore which will boost its output and will cater the demands of Asian customers. The company expects to complete the transaction in the second half of 2017, boosting its aromatics production in Singapore to more than 3.5 million tonnes per year (tpy), including 1.8 million tpy of paraxylene, a raw material for textiles and bottles. The plant will be integrated with Exxon Mobil's existing petroleum c ..
Published on June 1, 2017
Saudi International Petrochemical Company has announced the periodic maintenance for its Vinyl Acetate Monomer unit of the International Vinyl Acetate Company (IVC). The plant was shut down on 30th May and is likely to remain off-stream for around three weeks. During this maintenance all the efforts would be made to increase the efficiency and reliability. The necessary precautions have been taken to ensure that commitments to customers are met without interruption ..
Published on May 31, 2017
India’s largest investor in Egypt’s petrochemical segment has decided to further increase its investments to 1.5billion dollar in Egypt. The petrochemicals giant TCI Sanmar's current investments in Egypt are estimated at USD 1.2 billion in Caustic soda. The company aims at increasing the production of Poly Vinyl Chloride (PVC) from 200,000 metric tonnes to 400,000 metric tonnes with USD 300 millions, which will be the biggest production of PVC in the Middle East, Chairman PS Jayarama ..
Published on May 30, 2017
Abu Dhabi National Company (Adnoc)join hands with Austrian company to help to grow Adnoc’s downstream buisnesss. TheMOU, signed in the presence of Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, and the Austrian chancellor Christian Kern, covers cooperation on new downstream projects, refining operations, refinery-petrochemical integration and optimisation, and technical and maintenance support."This agreement provides the opportunity ..
Published on May 29, 2017
Prime Minister Narendra Modi said good ports are essential for India's progress as he laid the foundation stone for half a dozen projects worth Rs. 993 crore related to development of Kandla Port. Kandla has emerged as a key port in Asia, PM Modi said once Iran's Chabahar Port is developed with Indian assistance, the maritime facility here will establish itself firmly on the global trade map. PM Modi also suggested that the Kandla Port Trust (KPT) be named after BJP-RSS ideologue Pandit Deendaya ..
Published on May 26, 2017
The global basic petrochemical industry is predictable to reach an estimated $603.2 billion by 2021 and is predict to grow at a CAGR of 4.9% from 2016 to 2021. Technological innovations aimed at improving manufacturing processes to increase product yield with higher quality are expected to have a positive impact on the petrochemical industry. Ethylene is likely to remain the largest segment due to increasing demand from various end use applications such as packaging and construction. Asia Pac ..
Published on May 25, 2017
Shell company is in mood to increase its share in the “Nibras” investment project in petrochemical field. In a statement released by the company it stated that a new round of talks were held to cover technical, financial and legal aspects of the project. Discussions were held to minimize the cost of the project which was estimated to reach 8 billion dollar where the Shell company will reach to 76%and the Iraqi side will settle at 24% share in the industry. The project is likely to ta ..
Published on May 19, 2017
Global manufacturer of Acetic Acid, Celanese has increased its prices for Acetic Acid in the Asian market. Rise has been of USD 50 per metric ton. In China the prices has been increased by 350renminbi per metric ton. The increase will be effective immediately and as per the contract details. This rise was done last week. ..
Published on May 18, 2017
China based PetroChina Dalian is planning to restart its Toluene unit. Earlier the unit was shut down on 27th March for annual maintenance. The maintenance period was for around 45 days. Now the unit will resume it operations very soon. Unit is based at Liaoning province of China and has the manufacturing capacity of 3,53,000 tonnes/year. ..
Published on May 17, 2017
Europe’s third largest petrochemical company Total has inaugurated its refurbish Carling-Saint-Avold petrochemical complex in eastern France. Earlier the Carling site was adapted by Total and has invested 200 million euros to upgrade existing facilities and build new and advanced units to access to high potential markets. The Carling - Saint-Avold complex has been turned into a leading polymer production site in Europe. Announced in 2013, the Carling upgrade project has been successf ..
