Construction
BASF to invest in new plastic additives plant in Shanghai, China
HONG KONG – BASF is investing more than €200 million globally to increase its production network for plastic additives. An important step is an investment to build a new plastic additives plant at its Caojing site in Shanghai, China. This world-scale plant, with an annual capacity of 42,000 t, will produce antioxidants and associated forms and blends. It is expected to be completed in 2019, with commercial production to start by early 2020.
Evonik breaks ground on stretching, polishing plant for large-format aircraft materials
WEITERSTADT, Germany -- Evonik marked the start of construction of a new stretching and polishing plant at the Weiterstadt site with a groundbreaking ceremony on March 2. The Essen-based Group is investing a two-digit million euro amount in the plant.
Amec awarded Al-Zour, Kuwait petchem contract
Amec Foster Wheeler announced the award of a contract by Petrochemical Industries Company K.S.C., a subsidiary of the Kuwait Petroleum Company, for the integration project between its Olefins III, Aromatics II and ZOR Refinery in the State of Kuwait. The contract covers Front-End Engineering Design (FEED) leading to Project Management Consultancy (PMC) for the project.
One of the first US refineries to be built in 40 years planned for Permian Basin
AUSTIN, Texas -- MMEX Resources Corp., a global energy company focusing on the acquisition, development and financing of oil, gas, refining and infrastructure projects in Texas and South America, announced that it plans to build a $450 million, 50,000-bpd capacity crude oil refinery in the West Texas Permian Basin, subject to the receipt of required governmental permits and completion of required debt and equity financing.
Iraq announces increase in Kirkuk oil refinery capacity
BAGHDAD (Reuters) -- Iraq has added a processing unit to the Kirkuk oil refinery, increasing the plant's capacity by 10,000 bpd, the oil ministry said in a statement on Wednesday.
Amec awarded Shell global downstream framework agreement
Amec Foster Wheeler announced the award of a five-year global Enterprise Framework Agreement (EFA) with Shell Global Solutions International, B.V. to provide engineering, procurement and construction management (EPCM) services for its downstream projects worldwide.
Global Project Data
According to <i>Hydrocarbon Processing’s</i> Construction Boxscore Database, more than $400 B is being invested in active petrochemical projects around the world.
Business Trends: Africa—Will increasing demand spark downstream capacity builds?
Over the past decade, Africa’s oil demand has increased by more than 1 MMbpd, to nearly 3.9 MMbpd. Africa’s oil production is more than double the amount it consumes, but lack of investment, failing infrastructure and inadequate refining capacity force the continent to rely on imports to satisfy increasing fuel demand.
Industry Perspectives: Global petrochemical sector to see robust growth to 2020
The global petrochemical sector will continue to see strong growth through the end of the decade, despite a decrease in new project announcements. The crash in energy markets has shifted the industry’s mindset from bullish to optimistic.
TOYO awarded FEED, EPC projects in Indonesia
Toyo Engineering Korea Limited, Korean subsidiary of Toyo Engineering group, has been awarded the Front End Engineering Design (FEED) Contract for a new polyethylene project of PT Chandra Asri Petrochemical Tbk (CAP).
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
