Propylene
$50 billion of business opportunities in 250 projects On November 19th 2012, the Project Smart Explorer data base reports $50 billion of business opportunities within the 250 active projects in pursuit in the oil and gas and petrochemical industry. These business opportunities are related for: – $18 billion to Electrical products and systems (Switchgears, transformers, motors and generators, cables, lighting, power systems, etc…) – […]
Enriching lives through innovation With Headquarters in The Woodlands, on the north of Houston, Texas, USA, Huntsman is a chemical company listed in the New York Stock Exchange and operating 75 production units in 30 countries with about 12,000 employees. Jon Huntsman established the Huntsman Container Corporation in 1970 in Fullerton, California. At that time […]
Huntsman and Sinopec Jinling to invest $750 million The Texas-based chemical company Huntsman Corporation (Huntsman) and the Sinopec Jinling Petrochemical Corporation (Sinopec Jinling) have decided to form a joint venture to build and operate a greenfield world-scale Propylene Oxide (PO) and Methyl Tertiary Butyl Ether (MTBE) plant in Nanjing, in the Jiangsu Province, China. Huntsman […]
Saudi Aramco to require “In-Kingdom EPC” contracts After implementing the General Engineering Services Plus (GES+) initiative at the design phase of the projects, Saudi Aramco is planning to enforce its requirements for the Saudi localization at the execution phase with the “In-Kingdom EPC” contracts. For some years, Saudi Arabia is investigating all the opportunities to use […]
To be a world-leading Energy and Chemical Company China Petrochemical Corporation (Sinopec Group) was established in July 1998 on the basis of the former China Petrochemical Corporation. Sinopec Group is a state wholly owned company with Headquartered in Beijing, China and a registered capital of RMB 182 billion ($30 billion). As a state-owned company, Sinopec Group […]
Largest petrochemical company in Russia and CIS The Siberia Urals Petrochemical Company (SIBUR) was established by Decree as a joint-stock company in 1992. SIBUR was formed from multiple entities processing oil, gas and petrochemicals across Russia. In 2001, SIBUR was taken over by Gazprom to resolve debts reorganize the company. In 2008, Gazprom considered the petrochemical […]
Harness natural energy resources for human benefit In 1991, the Russian Government published the decree to establish the Langepas Uray Kogalymneft Petroleum Corporation. In 1993, the Langepas Uray Kogalymneft Petroleum Corporation was transformed in open joint stock company under the name of Lukoil Oil Company. Today, Lukoil is listed in London Stock Exchange with the capital dominantly […]
STAR Refining plans one of largest projects in Turkey Through the joint venture STAR Refining Inc. established in January 2012, the State Oil Company of Azerbaijan Republic (Socar) and Turcas Petroleum AS (Turcas) are developing the $5 billion Aegean Refinery project on the western coast of Turkey on the Aegean Sea. The Socar Turcas Aegean […]
