Petrochemicals
Petronas, Saudi Aramco explore petchem expansion in Malaysia
KUALA LUMPUR (Reuters) -- Malaysian state-owned oil company Petronas and its partner Saudi Aramco are studying projects to build more petrochemical plants to make full use of raw materials from their JV in Malaysia.
India's top refiner in early talks with Aramco for downstream project
KUALA LUMPUR (Reuters) -- India's top refiner said it is in initial talks with Saudi Aramco on downstream investments, including a mega project on its west coast, that could help the OPEC member lock-in customers amid an oil supply glut.
EIA: Petroleum product exports from Central Atlantic US unusually high in February
Exports of finished petroleum products from the Petroleum Administration of Defense District (PADD) 1B, which comprises the US Central Atlantic states (Delaware, District of Columbia, Maryland, New Jersey, New York and Pennsylvania), reached a record high for the month of February, as petroleum product prices in that region weakened compared with prices in the rest of the Atlantic Basin region.
Alpek receives corporate approvals for Petrobras PTA-PET facility acquisitions
MONTERREY, Mexico – Alpek, S.A.B. de C.V. announced that it obtained all necessary corporate approvals to acquire 100% of Companhia Petroquímica de Pernambuco and Companhia Integrada Têxtil de Pernambuco from Petróleo Brasileiro S.A. for $385 MM.
Saudi Aramco to dilute stake in Dow JV via IPO
ABU DHABI (Reuters) -- National oil firm Saudi Aramco plans to cut its stake in Sadara Chemical Co, a joint venture with US company Dow Chemical, via an initial public offer of shares, Sadara chief executive Ziad al-Labban said on Wednesday.
Judge says Exxon owes $19.95 MM for Texas refinery pollution
(Reuters) -- A federal judge ruled on Wednesday that ExxonMobil Corp should pay a $19.95 MM penalty for pollution from its Baytown, Texas, refining and chemical plant complex between 2005 and 2013.
BASF still out for agchem deals after missing out in auction
FRANKFURT (Reuters) -- German chemicals giant BASF said it would continue to push for acquisitions to shore up its crop protection business, after the antitrust-related sale of assets from the merger of Dow Chemical and DuPont left it empty-handed.
Dow, Aramco JV achieves commercialization of entire plastics franchise
MIDLAND, Mich. - April 27, 2017 - The Dow Chemical Company announced that its JV in the Middle East—Sadara Chemical Company—has achieved a milestone with the commercialization of Sadara’s entire plastics franchise. The start-up of Sadara’s high-pressure low-density polyethylene plant adds to Sadara’s mixed feed cracker and the three additional polyethylene trains currently in operation.
BP sells stake in China petrochemical venture to Sinopec for $1.7 B
LONDON (Reuters) -- BP has agreed to sell its 50% stake in the Shanghai SECCO Petrochemical Company to a subsidiary of its joint venture partner Sinopec for $1.68 B, the British oil major said.
Dow releases statement on AP story regarding chlorpyrifos
MIDLAND, Mich. – Dow Chemical responded to an Associated Press story about the company reaching out to the Trump administration about certain pesticides. The company released the following statement.
- Australia’s biggest LNG plants suffer outages due to cyclone, straining global supply 3/27
- Iran war chokes petrochemical supply, sends plastic prices soaring 3/27
- Stockholm Exergi taps Inprocess to deliver advanced process simulator for BECCS project 3/27
- Japan to relax rules from April to boost coal-fired power amid LNG import risks 3/27
- Velan releases upgrades to its delayed coker isolation valves 3/27
- AFPM: ‘Baffling’ final RFS will break cost records. In fact, it already is 3/27
