Published on August 3, 2018
DowDupont has begun construction to expand its 1.5 million mt/year steam cracker in Freeport, Texas, to push its capacity to the largest in the US. The company official said "We recently began construction on the expansion of our new Texas-9 ethylene facility, which will increase its capacity to 2 million mt,". DowDupont started up the facility nearly a year ago, shortly after Hurricane Harvey's assault on the Texas Coast. The expansion will support Dow's derivatives operations as well as MEGlob ..
Published on August 2, 2018
US President Donald Trump’s administration is considering raising the proposed tariff rate on $200bn in Chinese goods to 25% from 10%, US Trade Representative (USTR) Robert Lighthizer said on Wednesday. "Small and medium-sized enterprises in particular are at risk of being put out of businesses by a cost-increase of that kind," ACC president Cal Dooley said. "We implore the President to let this be the final provocation and negotiate with China to bring an end to this trade war." The firs ..
Published on July 31, 2018
Notore Chemical Industries has made progress in talks with Mitsubishi Corporation of Japan and other international investors for the construction of a new plant at its facility in Onne, Rivers State. The planned expansion will add a second train to Notore’s existing plant, tripling capacity from the facility, to meet its goal of becoming a net exporter of fertilizers to other countries in Africa and beyond. According to company sources, the Train 2 plant will co-produce 1,000,000 metric t ..
Published on July 30, 2018
India’s second most valuable company, reported a consolidated net profit of ₹9,459 crore in the quarter ended June, up 17.9% year-on-year, fuelled by its petrochemical and consumer businesses. The conglomerate, with interests in businesses as diverse as telecom, retailing and oil refining, saw its revenue rise 9.7% to ₹141,699 crore. RIL’s petrochemical business, which represents around 30% of the company’s revenue, boosted profits as volumes rose 35% and realization was ..
Published on July 26, 2018
Iran based Zagros Petrochemical Company has shut down its Methanol no2 last weekend. This shutdown was not planned and happened due to some technical issue. The unit is likely to resume its production by this weekend. The plant is based at Asaluyeh in Iran and has the production capacity of 1,65,000 mt/year. ..
Published on July 24, 2018
BP has lifted force majeure on its Acetic Acid after three months. The unit was shut down due to equipment issues by a carbon monoxide supplier. The repair work has been completed which has allowed the acetic acid unit to restart. Eastman only has two US acetic acid plants, a 255,000 tonne/year unit at corporate headquarters in Kingsport, Tennessee, and a 600,000 tonne/year plant at Texas City, Texas. BP added that delays remain in product delivery because the company is refilling ..
Published on July 23, 2018
Saudi Aramco announced that it is in early talks to buy a stake in one of the world’s largest petrochemical companies, an acquisition that would diversify the state-run oil giant’s business even as its proposed initial public offering remains in doubt. A deal for a stake in Saudi Basic Industries Co., or SABIC, would allow Aramco to vastly expand its petrochemical operations, a so-called downstream business, and move toward its stated goal of becoming an integrated-energy company al ..
Published on July 21, 2018
Haili Chemical Industry Co Ltd will start a new ACN unit in the July end. This start will surely make a difference in the supply glut. The Asian market is facing severe shortage in the supply of ACN in the south Asian market. Unit is based at Shandong province of China and has the manufacturing capacity of 1,30,000 tonnes/year. ..
Published on July 20, 2018
The methanol unit has been restarted by Shaanxi Changqing Energy after an unplanned shutdown. Earlier the unit was shut down on 10th July 2018. Unit is based Shaanxi province of China and has the manufacturing capacity of 6,00,000 mt/year. ..
Published on July 19, 2018
The UAE minister of state and group CEO of Abu Dhabi National Oil Company (ADNOC) Dr Sultan Ahmed Al Jaber, held a series of meetings with Chinese oil, gas, refining and petrochemical industry leaders, with the aim to swell and deepen investment and partnership opportunities across ADNOC’s upstream and downstream value chain. “Energy cooperation is an important aspect of the UAE’s relations with China, which is the number one oil importer globally and a major growth market for ..
