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Reliance Industries has agreed to form a joint venture with Russian petrochemical company SIBUR to make 100,000 tpy of butyl rubber at Jamnagar in the western Indian state of Gujarat. The joint venture will invest $450 million to build the facility, which is expected to be commissioned by the middle of 2014.
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The company says the center will expand its development in downstream sectors such as refining, petrochemicals and nylon technologies and applications.
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Thai Oil plans to build a $300-million linear alkyl benzene facility at its oil refinery in Thailand's eastern Sri Racha province, the Bangkok Post reported Thursday, citing CEO Surong Bulakul. Linear alkyl benzene is often used as a raw material in the production of detergents.
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Bioplastics major NatureWorks and next-generation chemicals company BioAmber have teamed up to form AmberWorks, a joint venture to bring new performance bio-based polymer compositions to market. The JV seeks to develop a new family of bio-based compounded polymer solutions.
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High throughput experimentation company hte said that Indian Oil will implement hte's parallel reactor technology to enhance its R&D efficiency in the field of oil refining. The X4500 16-fold system is optimized for the high throughput testing of hydroprocessing catalysts under industrial conditions.
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Peru's government said that a number of companies are interested in developing a petrochemical complex in the southern Ica region if US fertilizer manufacturer CF Industries decides not to move ahead with the project. The complex will have a capacity to produce 2,600 tpd of ammonia and 3,850 tpd of granulated urea.
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KBR was awarded a contract by TAIF Group to provide licensing and engineering services for the Veba Combi Cracker (VCC) to be implemented at the Nizhnikamsk refinery in the Republic of Tatarstan, Russia. It marks the largest VCC project award for KBR since acquiring the technology in January 2010.
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Jacobs said it won four contracts from Arkema France for basic engineering services to support the provision of Arkema's proprietary suspension and emulsion technology to four of its clients in China. As currently planned, the four new projects in China will add more than 4 million tpy of PVC capacity.
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Reliance Industries will expand petrochemicals production at its Jamnagar refinery in India, according to a Bloomberg report. The expansion is projected to cost from $10 billion to $12 billion and last three to four years, said K.K. Sreeramachandran, general manager in the company’s refining business.
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Process technology licensor GTC Technology reached a global agreement with ConocoPhillips for its selective partial oxidation of sulfur (SPOC) technology for sulfur recovery. GTC says its SPOC technology is the most significant innovation in the “modified Claus” technology space in the last 30 years.
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SABIC and Sinopec have agreed to start negotiations with Trinidad and Tobago to possibly build a $5.3 billion methanol complex in that country. Last month Sabic signed a protocol of cooperation with Sinopec to explore new business opportunities.
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Foster Wheeler has been awarded an engineering, procurement and construction management (EPCm) contract from Saudi Aramco and Dow Chemical for a propylene oxide (PO) unit at Jubail Industrial City in Saudi Arabia. The unit should be completed during the first quarter of 2015.
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France-based Total said 2012 has begun favorably and that it will step up investments over the next three years after reporting a 12.8% increase in fourth-quarter net income on high oil prices and in spite of weak downstream markets and stable output. Total is targeting a 2.5%/yr increase in average output in 2012-2015.
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Global demand for paints and coatings is forecast to rise 5.4%/year to 45.6 million metric tons in 2015, according to a new study. The Asia/Pacific region will remain the leading consumer of paint and coatings through 2015, and will also see the most rapid gains, according to the report.
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The total value of US oil and gas mergers and acquisitions (M&A) increased significantly in 2011 due to continued investment in shale plays and related infrastructure, sustained interest from foreign buyers, and private equity entrants deploying capital in the energy industry. Average deal size also increased in 2011.
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The company picked Jacobs for engineering services on the project, which it hopes to start up at the new site in 2014.
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The American Chemistry Council (ACC) launched a new energy advocacy and awareness campaign, From Chemistry to Energy. Americans agree that a national energy strategy is needed, the ACC said.
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Rockwood will invest $140 million in a new lithium carbonate production plant in Chile. Under the new investment program, Rockwood will build a 20,000 tpy lithium carbonate plant at the sight at LeNegra, near the port of Antofagasta in northern Chile, the company said.
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The oilfield specialty chemicals market grew to nearly $16 billion in 2010, driven in large part by the rapid expansion of shale oil and gas drilling and production in North America, according to a new study. World demand for these chemicals is expected to grow at an average rate of 3.5% during the next five years.
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Brazilian state-run oil company Petrobras said Friday that it had signed a letter of intent to study the feasibility of building fertilizer and liquefied-natural-gas, or LNG, regasification plants in Rio Grande do Sul state. The letter was signed by Petrobras, Samsung's machinery and ships division and Hyundai's bulk-carrier division.
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US-based SI Group said Friday that it plans to invest $30 million to build an additional phenolic resin manufacturing site in the Nanjing Chemical Industry Park (NCIP) in China. The site, chosen because of strong logistics operations and access to raw materials, is set to commence operation in May 2013.
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Georgia Gulf on Wednesday rejected the revised takeover bid from US-based Westlake Chemical, which bumped its offer to $35/share from an earlier $30/share. The company said the offer was far from compelling and did not represent an appropriate price to discuss the sale.
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Apache has acquired 49% interest in Burrup Holdings, owner of an ammonia fertilizer plant in the Burrup Peninsula region of Western Australia. Meanwhile, Yara paid $143 million to increase its ownership in the 850,000 tpy plant to 51% from 35%.
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