The global survey of chemical executives and members of the M&A community showed that 60% of these chemicals executives see increased mergers and acquisitions in 2015, driven by portfolio restructuring and an overall focus on companies’ core businesses.
The technology will address large-scale units and produce purified aromatics streams suitable for modern derivative production processes at a very competitive price.
The new unit is the eighth GT-BTX license in China and will play an integral role in the 5-million tpy refinery being constructed by Shandong Sincier Chemical Group (SSCG).
KBR has formed an alliance to sell the exclusive license for JNC Corp.’s PVC process technology, which it inherited from CHISSO Corp.’s business, a pioneer in the Japanese chemical industry.
The latest resurgence of the US petrochemical industry is reflected in the planned construction of new ethylene and methanol (MeOH) capacities throughout the country.
Borealis Polymers executed an online optimization project at its phenol and aromatics plants in Porvoo. The plantwide application increased the output rate by 9% and greatly improved the stability of operations.
Coal-to-chemicals routes are now an important and viable option for producers in China and beyond. Those that look upon them as atavistic dinosaurs do so at their peril.
Operators that understand global market drivers and the latest technologies will provide the best solutions to improve their profitability and comply with the latest HSE rules.
A searchable database of project activity in the global hydrocarbon processing industry
Engineers and designers are highly skilled individuals. Forcing them to enter design changes using tables, forms and spreadsheets is unproductive and uneconomical, and it increases the likelihood of human error—this is the way that most instrumentation software systems currently work. For too long, software vendors have denied engineers and designers the simple practicality of a graphical visual engineering interface with “drag and drop” capability and inbuilt intelligence, ensuring changes are automatically replicated into all the associated data and databases.
D. GIBSON, AVEVA
Will previously-planned downstream investments be cut back in 2015 due to lower global oil prices?
Depends how long current prices last