expansion
$8.9 billion petrochemical projects awarded on H1-2012 Middle-East countries and especially Saudi Arabia have been extremely active on the Downstream sector during the first half 2012 in awarding $8.9 billion worth of petrochemical projects. Compared with last year this amount of capital expenditure represents 88% increase as only $1 billion had been awarded on the […]
Vostochnaya Neftechemicheskaya moves on Nakhodka petrochemical complex project ZAO Vostochnaya Neftechemicheskaya (VNHK) is fully owned OJSC NK ROSNEFT (Rosneft) company created in 2011 to develop a petrochemical complex in Primorsky region, near Pervostroiteley settlement of Nakhodkinsky urban district. Nakhodka is located in the Vladivostok region, in the East of the Russian Federation. Rosneft’s VNHK is planning […]
Sibur kicks off Russian largest petrochemical complex If Russia is among the biggest producer and exporter of oil and gas, Russia is also a net importer of petrochemical products. In the same way as Russia has multiplied strategic alliances with western companies, such as ExxonMobil, Statoil, ENI, Total to boost its upstream sector, Russia is also […]
BASF to build butadiene extraction plant in Antwerp The butadiene is a monomer and used as an important chemical intermediate to produce elastomers and thermoplastics, such as synthetic rubbers, latex, acrylonitrile butadiene styrene copolymer and polyamide. The tire industry is the main consumers of butadiene. Other applications for butadiene include paper chemicals and plastics production. BASF is […]
ExxonMobil and Sabic to build a world scale synthetic rubber greenfield plant in Middle-East Al-Jubail Petrochemical Company (Kemya) is a 50/50 joint venture between Saudi Basic Industries Corporation (SABIC) and Exxon Chemical Arabia Inc., an affiliate of ExxonMobil Chemical Company. The two companies have collaborated closely since the joint venture was established in 1980, producing […]
Philadelphia Refinery to rely on Marcellus shale gas Last year Sunoco Inc (Sunoco) had announced to close the Philadelphia refinery in Pennsylvania, USA, on summer 2012 if no buyer could be found in the meantime. But the development of the shale gas in USA much faster than expected and in very competitive conditions offers a […]
Definition Mild Hydrocracking or MHC is referring to the refining process designed to performs a partial hydrocracking only. In the mild hydrocracking only about 20-60% at ~ 50-85 bar of the feedstock crude oil is cracked. Comments The objective of the Mild Hydrocracking process is to convert 20-60% of the vacuum gas oil at 343°C to […]
Air Products to purchase 67% of Indura for $884 million Headquartered in Santiago, Chile, Indura S.A. is the largest independent industrial gas company in South America. In buying 67% majority stake in Indura, Air Products gets access to twelve countries within the second most dynamic region in term of GDP, just after the leading Asia. […]
