Market Leadership
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 […]
Shell made FID on $2 billion Quest Athabasca CCS project Shell, Chevron and Marathon Oil (Marathon) made the final investment decision (FID) for the Quest CO² Capture Sequestration project through their Athabasca Oil Sands Project joint venture. In order to reduce the carbon footprint of the oil sands exploration and production in the Athabasca Oil […]
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 […]
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 […]
Bio-technologies to convert GHG into low carbon fuels The nylon world leader, Invista from Wishita, Kansas, USA, and the bio-technology specialist LanzaTech signed a joint development agreement to convert carbon monoxide waste into butadiene and other chemical feedstocks. The producer of “Lycra” and other famous “Coolmax” fibers, Invista is developing and producing high added value […]
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 […]
Skrugard and Havis confirm Barents Sea potential Statoil and its partners ENI from Italy and Petoro AS (Petoro), the Norway State-owned company, discovered in Skrugard and Havis reserves going far beyond their expectations. Under the license PL 532, Statoil and its partner share working interests in Skrugard and Havis as following: – Statoil 50% and […]
YPFB awards Samsung first ammonia and urea plant Yacimientos Petrolíferos Fiscales Bolivianos (YPFB), Bolivia’s state-owned oil company, sent to Samsung Engineering Co., Ltd (Samsung) a notification of award (NOA) for a $843 million fertilizer plant. YPFB is planning to build this fertilizer facility in the city of Entre Rios, in the State of Cochabamba, in Bolivia as part […]
