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Shale gas boosts OCI into Iowa biggest investment ever The Iowa Fertilizer Company (IFC) a subsidiary of the Egyptian company Orascom Construction Industries (OCI) made the final investment decision (FID) to build a world-scale fertilizer plant in Iowa, USA. OCI selected the location near Wever, in the Lee County, southeastern Iowa, to develop its greenfield […]

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Hess awarded FEED for Semi-submersible on WA-390-P Block Established in New Jersey, the American Hess Corporation (Hess) is based in New York City, USA. Since 2007, Hess holds the 100% working interest of the WA-390-P Block offshore Western Australia to develop the Equus project. Equus is part of the $6.8 billion Hess’s capital expenditure budget […]

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Methanex to invest $550 million to benefit from low shale gas prices Methanex produces about 3.8 million t/y of Methanol and is the world’s largest supplier of Methanol to major international markets with production units in Canada, Chile, Egypt, New Zealand and Trinidad.   Methanol is produces mainly out of natural gas, therefore the access to reliable and […]

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Dow and Saudi Aramco $20 billion Sadara takes shape Sadara Chemical Company (Sadara) is a joint venture between The Dow Chemical Company (Dow) and Saudi Arabian Oil Company (Saudi Aramco). Once complete, Sadara petrochemical complex will be one of the world’s largest integrated chemical complex and the largest ever built in a single phase. The facility […]

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