Petrochemicals

Italmatch Chemicals acquires specialty chemicals company

GENOA, Italy — Italmatch Chemicals, a global specialty chemical group with leadership in the production and marketing of performance additives for industrial lubricants, water & process treatment, oil & gas, and plastics, has acquired Detrex Corporation, an American company headquartered in Cleveland (Ohio) and specialized, through its subsidiary The Elco Corporation, in the production of high performance lubricant additives, for industrial applications and high purity hydrochloric acid.

CTCI awarded contract for Petronas RAPID project

With years of cultivation and development in the Malaysia hydrocarbon market, CTCI contracted RAPID P1 RFCC Project of PETRONAS in 2014 with a contract value of $1 B.

TOYO launches ‘digital fertilizer’ for Indonesian plant

Toyo Engineering Corporation (TOYO, President and CEO Kiyoshi Nakao) has developed and launched the first “digital fertilizer” for the fertilizer plant owned and operated by PT Pupuk Sriwidjaja Palembang (PUSRI) in Palembang in South Sumatra, Indonesia as a subsidiary of state-owned Indonesian fertilizer company, PT Pupuk Indonesia.

Siluria Technologies, Wood launch technology converting offgas

SAN FRANCISCO, CALIFORNIA and ABERDEEN, SCOTLAND — Siluria Technologies, a leader in developing disruptive process technologies for the petrochemical and energy industries, and Wood (WG.L), a global leader in the delivery of project, engineering and technical services to energy and industrial markets, announce the availability of the Modus process technology for petroleum refiners.

Saudi Aramco lifts spending plans to $414 B over next decade

DAMMAM, Saudi Arabia (Reuters) — Saudi Aramco plans to raise its spending to $414 B over the next 10 yr, including on infrastructure and drilling, as the state oil giant moves into new businesses, executives said.

South China chemical producer halts ammonia output as gas crisis deepens

BEIJING (Reuters) — A major Chinese chemical producer based in the southern province of Yunnan said it has halted production of synthetic ammonia and urea due to natural gas shortages as China's winter heating crisis deepens.

CB&I to proceed services at petchem plant in Kazakhstan

THE WOODLANDS, Texas — CB&I announced it has received full notice to proceed by Kazakhstan Petrochemical Industries Inc. (KPI) for the project management services for a propane dehydrogenation unit (PDH) and a polypropylene plant in the western Atyrau region of Kazakhstan.

Hanwha Total petchem to invest $331 MM to boost polyethylene output

SEOUL (Reuters) — Hanwha Total Petrochemical Co Ltd said on Monday it plans to spend $331.29 MM on a new factory in South Korea to increase polyethylene output by 400 Mtpy by 2019.

Shell says fire extinguished at Singapore refinery-petchem plant

SINGAPORE (Reuters) — Royal Dutch Shell said a fire at its Singapore refinery-petrochemical site was extinguished on Sunday and no one was hurt in the incident.

Eni targets plastics purchase in strategy shift

MILAN (Reuters) — Energy firm Eni aims to express an interest in bidding for an Italian bioplastics business in a move that underlines a longer-term desire to hedge its exposure to oil and gas, financial sources said.