Business model
BASF FINA Petrochemicals LP and Sabina Petrochemicals to merge into one joint venture The global chemical leader BASF SE, from Germany, and the international oil company Total SA, from France, have decided to merge the assets of the two joint ventures they have in Port Arthur, Texas, USA, to create a new joint venture called […]
Qatar Petroleum in JV with Exxon to export US LNG Qatar Petroleum (QP) and ExxonMobil announced to use their joint venture called Golden Pass Products to export liquefied natural gas (LNG) from USA. Created with 70% Qatar Petroleum working interests, the Golden Pass LNG project was constructed as a LNG import terminal. With this LNG import terminal, Qatar was securing […]
Carlyle targets emerging markets with DuPont Performance Coatings DuPont and The Carlyle Group (Carlyle) signed a definitive agreement by which Carlyle will buy DuPont Performance Coatings (DPC), the DuPont’s Coatings Division. Still submitted to regulatory approval, the transaction should be effective on the first quarter 2013. Carlyle is a global alternative assets manager having already […]
Definition Acrylic acid is an unsaturated carboxylic acid extracted from propylene Acryclic acid is a colorless pungent and corrosive liquid in polymerized form. The formal name for acrylic acid is propenoic acid. Acrylic acid is miscible with water, alcohols and esters. Comments Acrylic acid is produced from propylene as an ethylene by-product of ethane or naphtha […]
BASF and Braskem in partnership for Acrylic Acid plant In May 2011, the German chemical company BASF announced its biggest investment ever in South America with $500 million capital expenditure. BASF is planning to build a world scale chemical complex in Camaçari, in the Bahia Province, Brazil. BASF and Braskem SA (Braskem) signed a strategic […]
Williams to value oil sands Propane to export Propylene Williams Energy ( Williams) is planning to expand its existing facility located at Redwater, near Edmonton in Alberta, Canada, to produce polymer-grade propylene. In Canada, Williams developed a unique expertise to capture and convert all the off-gas by-products of the oil sands production in the upgraders […]
After Eni, Talisman and Total, Sonatrach eyes on ExxonMobil and Shell After signing contracts with ENI from Italy, Talisman Energy (Talisman) and Total from France, Sonatrach is willing to attract ExxonMobil and Shell for the exploration and production of unconventional gas, shale gas and tight gas, in Algeria. According to recent studies performed by Sonatrach, […]
Qatar to invest $25 billion in petrochemicals until 2020 In February 2012, Qatar Petroleum (QP) and Qatar Petrochemicals Corporation (Qapco) had signed a Heads of Agreement (HOA) to add a $5.5 billion petrochemical complex in Ras Laffan Industrial City, Qatar. In this project QP and Qapco will share interests according to: – Qatar Petroleum 80% – Qapco 20% In Qapco […]
