Construction
India's Chennai Petroleum sees two-year delay in building new 180,000-bpd refinery
India's Chennai Petroleum Corp Ltd will build a 180,000-bpd refinery at Nagapattinam in Southern Tamil Nadu State by the end of 2027, two years later than initially planned, its head of finance Rohit Kumar Agrawala said.
Business Trends: Global chemicals industry outlook for 2024
After a challenging end to 2022, many in the chemical industry anticipated a modest rebound in production in 2023. However, by mid-2023, several chemical companies significantly lowered their expectations.
Global Project Data
Gulf Energy Information’s Global Energy Infrastructure (GEI) database is tracking more than 1,200 active projects in the hydrocarbon processing industry.
Nigeria's NNPC partners local firm on new 100,000 bpd refinery
Nigeria's state-owned oil firm NNPC Ltd signed an agreement allowing a local refiner to build and operate a 100,000 bpd refinery within NNPC's Port Harcourt Refinery complex in the south of the country.
Hanwha Ocean, Amogy and Hanwha Aerospace forge partnership to decarbonize maritime sector with ammonia as a zero-emission fuel
Hanwha Ocean, Amogy and Hanwha Aerospace announced a partnership aimed at accelerating the decarbonization of the maritime industry through the deployment of Amogy’s zero-emission ammonia-to-power technology for ammonia-powered vessels.
Haldia Petchem plans $10-B oil-to-chemical project in southern India
The Chatterjee Group in talks with local and global companies to partner with its majority-owned petrochemical firm Haldia Petrochemicals Ltd to build a more than $10-B project in southern India.
An innovative process for simultaneously producing high-purity benzene and U.S.-grade gasoline from FCC C6 heartcut
Mobile Source Air Toxics (MSAT) II regulations restrict the average benzene level in gasoline sold in the U.S. to 0.62 vol%. In India and in several other countries, benzene in gasoline is presently restricted to 1 vol%. Fluid catalytic cracking (FCC) gasoline contributes to nearly 10%–20% of the gasoline pool in a typical refinery.
Pellet handling system for polyolefin plants: Are you specifying it correctly?
Product pellets produced in polyolefin plants—such as polyethylene (PE) or polypropylene (PP)—require transportation from the unit to the end users that process these pellets to manufacture different end-use plastic products.
Editorial Comment: As petrochemicals demand increases globally, novel processes, systems and technologies continue to evolve
Over the next 25 yr, global petrochemicals demand is forecast to increase exponentially, rising from approximately 450 MMtpy in 2025 to > 500 MMtpy in 2035 and upwards to nearly 600 MMtpy by 2050.
Business Trends: A 2024 and beyond outlook for the GCC chemical industry
The global chemical industry faced a challenging year in 2023. Various factors contributed to sluggish demand growth for chemicals globally, including the European recession, U.S. inflation and a lower-than-expected chemical demand rebound in China. These factors resulted in global chemical market growth of < 1% in 2023, with many producers experiencing lower output.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
