Petrochemicals
HP Industry Metrics
The US product market continued to reflect a surge in domestic gasoline demand, allowing gasoline cracking spreads to hit levels not seen in more than two years.
HP People
Golnar Motahari Pour has been named to succeed Gerard de Reuver as president of DSM Dyneema.
New projects decline, but backlog holds strong
Even after the recent downturn in oil and natural gas pricing, our analysis shows why downstream E&C companies can depend on a strong backlog to last through the decade.
Sunoco enlists CB&I to expand NGL storage hub in Pennsylvania
The $300-million contract covers the engineering, procurement, fabrication and construction of the tanks used for the storage of refrigerated ethane, butane and propane (NGLs).
BP to license purified terephthalic acid technology for new Oman facility
Using BP's technology, OMPET intends to build a 1.1-million tpy unit at Sohar, Oman, to produce PTA, the primary feedstock for polyesters used in the textile and packaging industry.
Analysts: North American methanol prices to recover over long-term
Fitch Ratings expects methanol's market recovery to be driven by slowly-rising energy prices, as well as growth in methanol used in fuel blending and other energy applications.
INVISTA to license Green Chem’s FCC offgas technology outside China
The process, which will be marketed as DTL process technology outside of China, is a dry-gas-to-liquids technology that allows for flexible conversion of light olefins, present in FCC offgas, into either gasoline and distillate or concentrated aromatics, significantly increasing their value.
Iran eyes new methanol projects after sanctions
A full repeal of sanctions would also open up a large volume of methanol supply to global markets within the next five years, reducing the country's dependence on the Indian and Chinese markets for its exports, the IHS report said.
LyondellBasell looks to build new polyethylene plant at South Texas site
CEO Bob Patel said it could be a combination greenfield-brownfield project at one of the company's sites in metro Houston, but regional sites near Matagorda and Victoria are also possibilities.
Air Liquide wins engineering work on YCI’s new Louisiana methanol project
Yuhuang Chemical (YCI) has awarded a detailed engineering and procurement services contract to Air Liquide for YCI’s 1.7-million tpy methanol plant located in St. James Parish, Louisiana.
- EPA finalizes historic new renewable fuel standards to strengthen American energy security 3/30
- 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
