PTT

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 […]

Shell do not revise its offer on Cove Energy against PTT Last February, Shell Exploration and Production B.V.(Shell) had made an offer on  to take over Cove Energy (Cove), then the Thai National Oil Company (NOC), PTTEP came into the game with the counter offer. After different bids, both companies maintained their conditions, Shell at $0.220 per share and PTTEP at $0.240 while Coves‘ […]

Solvay’s Vinythai selected Taixing for new ECH plant  With a Chinese market of epichlorohydrin (ECH) expected to grow by 8% per year, Solvay and its Thai affiliate, Vinythai have decided to invest in a new production plant in Taixing, Jiangsu Province, China. This new plant will have an initial capacity of 100,000 t/y epichlorohydrin. Solvay […]

$20 billion Petronas RAPID project calls for partners The proposed Petronas Refinery & Petrochemical Integrated Development (RAPID) complex in Pengerang, Johor, Malaysia, is so far the largest liquid-based greenfield downstream undertaken in Malaysia. It will have a 300,000 barrels per day refinery to supply the petrochemical complex, to produce a host of refined petroleum products, including gasoline […]

PTTEP bids above $1.9 billion cash to acquire Cove The state owned company PTT Exploration and Production Public Company Ltd (PTTEP) announced the terms of its new offer in cash to acquire the entire issued and to be issued share capital of Cove Energy plc. Since Shell and PTTEP from Thailand were competing to take over Cove Energy (Cove), Shell had made a first offer […]