Middle East
Deliver sustainable benefits through site-wide process digital twins
Refiners have used offline process models for decades. The next generation of solutions is anticipated to operate automatically, integrate with legacy systems and provide transparency site-wide.
ABP awards CONSER tech licensing contract for 50,000-tpy maleic anhydride plant in Oman
MAIRE announced that NEXTCHEM (Sustainable Technology Solutions), through its subsidiary CONSER, has been awarded by Al Baleed Petrochemical Company the technology licensing, the process design package and catalyst supply for a 50,000-tpy maleic anhydride plant in the Salalah Free Zone, Oman.
Global refiners face profit slump as new plants come online
Oil refiners in Asia, Europe and the U.S. are facing a drop in profitability to multi-year lows, marking a downturn for an industry that had enjoyed surging returns post-pandemic and underlining the extent of the current slowdown in global demand.
Stamicarbon awarded technology and PDP contracts for urea plant in Egypt
MAIRE announced that NEXTCHEM (Sustainable Technology Solutions), through its subsidiary Stamicarbon, has been awarded the licensing and the process design package for the upgrade and expansion of El Delta Company for Fertilizer and Chemical Industries’ urea plant in Talkha, Egypt.
Aramco signs agreements with Rongsheng and Hengli Group
Aramco has signed a Development Framework Agreement with Rongsheng Petrochemical Co. Ltd. and a Strategic Cooperation Agreement with Hengli Group. This agreements focus on the possible expansion of Saudi Aramco Jubail Refinery Company (SASREF) facilities and the possible acquisition of a 10% stake in Hengli Petrochemical Co., Ltd.
Shell to leverage proprietary structural performance management software for various facilities
Under this agreement, Shell will leverage Akselos’ Structural Performance Management (SPM) software to monitor the structural health of critical assets across the Shell portfolio in near real-time. Akselos’ SPM software will help enable Shell to optimize the lifecycle of critical assets safely and sustainably.
Qatar in talks on possible purchase of Rosneft stake in German refinery
Qatar is in talks with the German government over possibly buying Russian energy group Rosneft's stake in Germany's PCK Schwedt refinery, which Berlin placed under trusteeship following Russia's invasion of Ukraine.
TAQA, JERA collaborate on cogen plant for power to Jubail petrochemical complex (Saudi Arabia)
Abu Dhabi National Energy Company PJSC (TAQA) and JERA Co., Inc announced the successful financial closing of Najim Cogeneration Company Limited, a new industrial steam and electricity cogeneration plant that will produce electricity and steam for a petrochemical complex located in Jubail in the Eastern Province of the Kingdom of Saudi Arabia.
ADNOC deploys pioneering AI-enabled process optimization technology
Following successful initial operations, ADNOC announced the deployment of an industry leading artificial intelligence (AI)-enabled process optimization technology--Neuron 5--across all ADNOC facilities across thousands of critical pieces of equipment essential for production, including compressors, valves and generators.
Iran's president says subsidized fuel prices are irrational
President Masoud Pezeshkian said in a video published on Tuesday that fuel subsidies made no sense in Iran, a major oil producer with a struggling economy that has faced protests in the past over price hikes.
- Axens, IFPEN and JEPLAN launch commercial licensing of the Rewind® PET process 10/22
- ProSep to deliver its Multiphase Adjustable Xtreme test units to Polish refiner 10/22
- BGEN signs five-year contract with INEOS O&P UK 10/22
- Wizz Air and Airbus to launch SAF trial ahead of EU mandates 10/22
- Four new petroleum liquids pipelines have been completed in the U.S. since 2023 10/22
- Australia fuel supplier Viva Energy's retail and refining challenges continue to hurt 10/22
