Americas
Westlake Chemical to expand ethylene production at Kentucky complex
This expansion by Westlake Chemical will add 70 million lb/year of stated ethylene capacity to the Calvert City facility during the first half of 2017.
Tesoro to expand fuel sales network in Nevada
The region is strategic for Tesoro, as it provides supply flexibility from Tesoro's Los Angeles and Salt Lake City refineries and establishes a platform for the expansion of its ARCO and Mobil brands.
BP to sell Alabama petrochemicals complex to Indorama Ventures
BP struck a deal to sell its petrochemicals facility in Decatur, Alabama, to Indorama Ventures. This sale is part of the strategy to refocus BP's global petrochemicals business.
Honeywell acquires remaining 30% stake of gas processor UOP Russell
In 2012, Honeywell acquired a 70% stake in the Thomas Russell Co. to form UOP Russell, which became part of Honeywell UOP.
Methanex opens second methanol plant relocated from Chile to Louisiana
With the start-up of Geismar 2, Methanex says it has successfully grown its operating capacity by approximately 3 MMtpy over the last three years. The total combined cost for the completion of the two Geismar plants was approximately $1.4 billion.
Enterprise expands terminal for LPG exports on Houston Ship Channel
The LPG terminal expansion is among $7.8 billion in capital growth projects Enterprise expects to complete and bring into service by the end of 2017. These projects are primarily focused on meeting the needs of demand-side customers, such as petrochemical plants and refineries
Fueling Alberta oil sands fleets with natural gas
Natural gas for diesel replacement is an excellent opportunity for mineable oil sands operations to realize considerable fuel savings.
Business Trends: Special report--Global LNG overview
Liquified natural gas is forecast to become one of the most valuable commodities in the world.
Industry Metrics
Asian margins showed a strong recovery due to higher winter heating fuel demand, supporting middle distillate crack spreads.
Global Project Data
According to <i>Hydrocarbon Processing's</i> Construction Boxscore Database, new project announcements averaged approximately 25 per month in 2015.
- UPM unlocks new bio-based markets as Leuna biorefinery produces its first commercial product 12/19
- Stamicarbon awarded technology licensing contract for new urea plant in Eastern China 12/19
- Ford takes $19.5-B writedown on EV business 12/19
- Babcock & Wilcox awarded $40-MM contract for advanced wet gas scrubbing technology at Canadian petroleum refinery 12/19
- Aarti Industries secures methanol and toluene feedstock supply through multiple long-term contracts 12/19
- bp picks first outsider CEO Meg O'Neill after abrupt Auchincloss exit 12/19
