Tag: petrochemicals
Petrochemicals: a time of change and opportunity
The shift towards sustainability carries costs but also creates opportunities for the petrochemical industry, James Chater reports.
Chemicals, petrochemicals and the limits of globalism
Oil and gas price rises have raised costs for the petrochemical and chemical industries, thanks to background inflation aggravated by the war in Ukraine.
Sulzer acquires GTC Technology US, LLC
Sulzer acquires GTC Technology US, LLC, a technology company offering proprietary processes and systems for the production of aromatics and other petrochemicals.
Honeywell selected for petrochemicals project in China
Honeywell (HON) announced that Zhejiang Petrochemical Co. Ltd. (ZPC) will use a range of process technology from Honeywell UOP, the leading licensor of refining and petrochemical process technology, for the second phase of an integrated refining and petrochemical complex in Zhoushan, Zhejiang Province.
Bashneft to invest USD 1.2 billion
Bashneft has announced plans to invest 35 billion rubles over five years in oil refining and petrochemicals. Bashneft plans to invest about 19 billion rubles in raising product yield from crude and production of light oil products; 9.
Saudi refinery
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.
UAE: refinery upgrade
Foster Wheeler Ltd has been awarded a contract to upgrade a condensate refinery in Dubai, UAE.
Saudi Arabia: petrochemical award
Technip has won a contract for an additional cracking furnace in an ethylene plant located in Al-Jubail, Saudi Arabia.
Order for award-winning machining centre
DMG has just received the first UK order for its award-winning DMC60S-FD CNC machining centre to manufacture manifold valves in exotic metals for the petrochemical industry.
Japan: petrochem boost
Japan Energy Corp. is expanding its petrochemical products division in response to rising profit margins from higher prices and growing demand in China.
