ethylene industry

Versalis joins Basf, Itochu and PTT to partner in Rapid Petroliam Nasional Berhad (Petronas) completed in September a joint venture with the Italian company Versalis, the chemical branch of Eni for the refinery and petrochemical integrated development (RAPID) project in Pengerang, Johor, Malaysia. With this partnership, Petronas and Versalis will design, develop and construct the elastomers […]

$4 billion Louisiana Ethylene Cracker: On going Feasibility Study The South African energy and chemicals major Sasol’s board of directors has approved a feasibility study for a possible ethylene cracker and derivatives project at Lake Charles, Louisiana, USA. Sasol’s decision to move to a feasibility study on the USA project comes after the company completed a pre-feasibility study. […]

The Dow Chemical Company (Dow) will spend $4 billion in capital expenditure for this ethylene and propylene production facilities in Freeport, Texas, USA. This Olefins project illustrates the previous news about the consequences of the Shale gas to provide long term feedstock at very competitive price to the Downstream activities. As a good example of the relocation into USA of the petrochemical industry, this new ethylene […]

According to the last financial study released by Al-Rajhi Capital, the growth forecast of the Saudi Arabian petrochemical companies is healthy, despite lingering uncertainties in the global economies. Because of their diversified activities, companies like SABIC or TASNEE should not be impacted by the feedstock costs increase in 2013 as could be the “pure-play producers”. […]