Stainless steel is popular compared to other metals, its valuable characteristics, resistance to different kinds of liquid, chemical and gaseous corrosion.
McDermott International, Inc. recently announced that it has been awarded a large technology contract for the basic engineering and licensing of Irkutsk Oil Company's 650 KTA ethylene plant in Russia, plus the detailed engineering and material supply of six SRT® (Short Residence Time) pyrolysis heaters for the plant.
Reliance Industries Ltd (RIL) will be investing in its Hazira petrochemicals plant within the next year.
Saudi Aramco and Japan’s Sumitomo Chemical Co. officially signed an agreement to set up an equally-owned joint venture for an integrated refinery and petrochemicals project in Rabigh, Saudi Arabia, but they now see total investment costs doubling to USD 8.5 billion, Sumitomo has said.
Shell announces that it is progressing to the next phase of its proposed world-scale cracker and derivatives project in Singapore.
Technip has won a contract for an additional cracking furnace in an ethylene plant located in Al-Jubail, Saudi Arabia.