On Tuesday, the Indian state of Odisha accorded Haldia Petrochemicals Ltd’s (HPL) proposal to invest $ 4 billion to establish an integrated refinery with aromatics complex for production of Paraxylene and Purified Terepthalic Acid (PTA) at Baliapal. The land for the project was identified near the upcoming port of Subarnarekha, which is being built by … Read more
The consortium of Air Liquide, Nouryon, Enerkem and the Port of Rotterdam – has announced on Friday that Shell will join as a partner in Europe’s first advanced waste to chemicals facility in Rotterdam, Netherlands. In the proposed commercial – scale waste – to – chemicals (W2C) project, Shell will become an equity partner. “We … Read more
Exxon Mobil Corporation announced that after 38 years of service, John Verity, chairman of ExxonMobil Chemical Company, chose to retire. The board of directors appointed senior vice president of basic chemicals, Karen McKee as ExxonMobil Chemical Company’s next president effective April 1, 2019. McKee, 52, joined Exxon Chemical Company in the UK in 1990, where … Read more
INEOS will invest £ 1 billion in several projects in the UK to ensure that its British assets remain world class over a generation. The biggest investment being announced is in the Forties Pipeline System (FPS). This investment of £ 500 million will transform the asset and extend the pipeline’s life into the 2040s. INEOS … Read more
Nutrien Ltd. has announced that it has concluded a binding agreement with Ruralco Holdings Limited to acquire Ruralco for roughly $335 million. “The combination of our Landmark operations with Ruralco in Australia is expected to provide significant benefits for all stakeholders including delivering excellent value for both Ruralco and Nutrien shareholders. The acquisition is anticipated … Read more
During Crown Prince Mohammed bin Salman’s visit to Beijing, Saudi Aramco signed a deal for a refining and petrochemical complex in China worth more than $ 10 billion. By signing supply deals with non – state Chinese refiners, Aramco is set to boost its market share. Saudi Aramco has signed a $ 10-billion joint venture … Read more
The Government of Alberta has pledged support for the $1.51 billion methanol plant proposed by Nauticol Energy in the Canadian province. The methanol plant, which will be built 10 km south of Grande Prairie, will be supported by the provincial government with up to $60.61 million in the form of future royalty credits for phase … Read more
Saudi Aramco to build a refinery and petrochemical complex worth $10 billion in Gwadar, Pakistan. Pakistan and Saudi Arabia signed investment deals worth more than $20 billion during Saudi Crown Prince Mohammed bin Salman’s visit to Islamabad last Sunday. The unprecedented Saudi investments are considered a “game – changer,” and a major boost for Pakistan’s struggling … Read more
Chevron Phillips Chemical has announced that it would be investing $5 billion to build an ethylene plant in Orange County, Texas. Company sources informed that the construction could begin by 2020 and commercial operations commence by 2024. The two-unit plant would be located half in the West Orange-Cove school district and half in the Bridge … Read more
Eni and SABIC have signed a Joint Development Agreement to further develop an innovative technology for natural gas conversion into synthesis gas that can be further transformed into high value fuels and chemicals, such as methanol. The partnership will involve, among other activities, the construction of an Industrial Demonstration Plant that will be built and … Read more