Research & Development
Nizhnekamskneftekhim awards basic to CB&I Lummus OAO Nizhnekamskneftekhim (NKNK) selected CB&I Lummus (CB&I) to perform front end engineering and design (FEED) of a new olefins complex in Russia. This new petrochemical complex will be located in the Republic of Tatarstan in Russia. Earlier, on April, 2012, NKNK and CB&I had signed a License Agreement and Basic […]
Definition Depletion refers to the decline of production of an oil or gas field. Depletion may also be used for accounting in a similar way as depreciation to allow an owner or operator to account for the reduction of a product’s reserves. For tax purposes, there are two types of depletion; cost depletion and percentage depletion. Comments […]
Sibur to provide Sinopec with patents and technologies China’s top refiner China Petroleum and Chemical Corporation (Sinopec) has signed an agreement with Russian petrochemical Group Sibur to establish a joint venture in Shanghai, China, to produce synthetic rubber. The joint venture will use patents and technologies from Sibur to produce nitrile butadiene rubber (NBR) and isoprene rubber […]
Top brands to develop 100% plant-based PET (BioPET) June 2012, the Coca-Cola Company (Coca-Cola), Ford Motor Company (Ford), H.J. Heinz Company(Heinz), NIKE, Inc. (Nike) and Procter & Gamble (P&G) created the Plant PET Technology Collaborative (PTC). Already December 2009 had marked game changing by Coca-Cola launching its innovative PlantBottle™ package. With the 30 percent mono-ethylene glycol (MEG) portion […]
Shale gas to help Celanese integration business model Celanese Corporation (Celanese) is a global technology and specialty materials company owning and operating a large acetyl complex at Clear Lake, close to Houston, Texas, USA. The positive developments in the U.S. energy complex to become a net gas exporter creates favorable conditions to explore all the […]
Sabic takes a decisive leap in breaking-ground for this $100 million capital expenditures in Technology Center in Kangqiao, close to Pudong Airport, east of Shanghai. This Technology Center will use 60,000 sqm in a brand new building to host 400 employees, including 200 scientists and engineers working in Research & Development. The purpose of this […]
