capital expenditure
Jacobs collects awards in Saudi Arabia giant projects In May, Jacobs Engineering Group Inc. (Jacobs) had been awarded the Front End Engineering and Design (FEED) for the $6 billion Ma’aden Phosphate city project. Then in June, Jacobs announced to have won the engineering, procurement and construction management (EPCM) contract for three polyethylene trains for the […]
Ma’aden awards FEED and reconsiders PMC contracts Although the PMC contract for the Ma’aden Phosphate city project was intended to be awarded together with the FEED contract to Jacobs, Ma’aden has decided finaly to separate both contracts. Ma’aden Phosphate Company (MPC) is a joint venture with SABIC in which the Saudi Arabian Mining Company (Ma’aden) owns 70% and SABIC 30%. The Al Khabra Project, […]
Koch Fertilizer tagets 15% expansion Wichita, Kansas. – Koch Fertilizer has retained Black & Veatch to help developing numerous projects to increase its North American production. Koch Fertilizer is targeting to boost production by more than 2 million t/y an expansion of 15% from its present capacity of 13 million t/y through production enhancements and new […]
Indian polyester leader Polyplex selects Turkey for expansion Polyplex Corp. of India, is the fourth largest producer of polyester film in the world. Polyplex and the Investment Support and Promotion Agency of Turkey (ISPAT) have jointly announced the decision for Polyplex to select Turkey to support its global expansion in to produce polyethylene terephthalate (PET). […]
Toyo Engineering and SOG Oleo e Gas signed a MOU On May, 2012, Toyo Engineering Corporation (Toyo) and SOG – Óleo e Gás S.A. (SOG), a leading engineering company in Brazil, signed a Memorandum of Understanding (MOU) to create the new Brazilian joint venture company TS Participações e Investimentos S.A.. The signature ceremony was officially […]
Statoil validated concept for $4 billion Dagny and Eirin oil and gas fields development Partners and actual interests in Dagny are split between: – Statoil 58.5% – ExxonMobil 33% – Total 6.5% – Det norske oljeselskap 2%. The final distribution of ownership interests will be subject to negotiations in the period leading up to […]
$20 billion Petronas RAPID project calls for partners The proposed Petronas Refinery & Petrochemical Integrated Development (RAPID) complex in Pengerang, Johor, Malaysia, is so far the largest liquid-based greenfield downstream undertaken in Malaysia. It will have a 300,000 barrels per day refinery to supply the petrochemical complex, to produce a host of refined petroleum products, including gasoline […]
Chevron Phillips to build two new Polyethylene units In April, Chevron Phillips Chemical Co. (Chevron Phillips) confirmed to build two polyethylene facilities in Sweeny facility in Old Ocean, Texas, which is located in Brazoria County. The two polyethylene facilities planned are part of the company’s U.S. Gulf Coast (USGC) Petrochemicals Project. The Woodlands-based chemical company, Chevron […]
