Refining, Petrochemicals, Gas Processing, Biofuels
O’Leary Ventures Chairman Wants to Build a $14 Billion Dollar Refinery in the United States
Kevin O’Leary, a Canadian businessman and also a judge on the “Shark Tank” television series, recently stated his intentions to build a $14 billion dollar refinery in the United States. There has not been a significantly sized greenfield refinery built in the United States for over 40 years.
Shell Ceases Development on Two Projects in Singapore
According to a Shell spokesperson, Shell has chosen to not proceed with plans around two projects in early development in Singapore. These projects were to be centered around biofuel and base oil production.
Aramco JV HAPCO to Commence Construction of Major Refinery and Petrochemical Complex in China
Aramco and joint venture partners NORINCO Group and Panjin Xincheng Industrial Group plan to start construction of a major integrated refinery and petrochemical complex in northeast China.
Chevron Lummus Global Announces ISOFINISHING Award from BPCL
Chevron Lummus Global LLC (CLG) announced that Bharat Petroleum Corp. Ltd. (BPCL) has selected its ISOFINISHING technology for a catalytic processing unit at the Mumbai Refinery in Mumbai, India.
McDermott Awarded EPsCm Contract from Slovnaft
McDermott has been awarded an engineering, procurement services and construction management (EPsCm) contract from Slovnaft, a.s., for the steam cracker intensification off-gas processing project at its plant in Bratislava, Slovakia.
Technip Energies has been Awarded a Contract by CNOOC and Shell Petrochemicals Company Ltd. (CSPC) for the Huizhou Phase III ethylene cracker located in Huizhou, Guangdong Province, China.
Technip Energies is providing the proprietary technology and process design for CSPC’s 1,600 KTA(1) ethylene plant. This liquid ethylene cracker pioneers the use of a low CO2 furnace design and electrification of major compressors. The plant is anticipated to have 20% lower CO2 emissions than a similar conventional facility and will be able to maximize benefit from the rapidly decarbonizing power grid for future CO2 emission reduction.
ExxonMobil Boosts Fuel Supply with $2 Billion Beaumont Refinery Expansion
ExxonMobil today announced the successful startup of its Beaumont refinery expansion project, which adds 250,000 barrels per day of capacity to one of the largest refining and petrochemical complexes along the U.S. Gulf Coast. Supported by the company’s growing crude production in the Permian Basin, the largest refinery expansion in more than a decade will help meet growing demand for affordable, reliable energy.
Emerson Selected to Automate Golden Triangle Polymers Facility
Global technology and software leader Emerson (NYSE: EMR) will provide automation technologies, software and analytics from its Plantweb™ digital ecosystem for the Golden Triangle Polymers Project, a world-scale integrated polymers facility on the Texas Gulf Coast. The total installed cost of the project is expected to be $8.5 billion and is a joint venture between Chevron Phillips Chemical Company LP and an indirect subsidiary of QatarEnergy. Operations are expected to begin in 2026.
Butadiene LLP Selects Multiple Lummus Technologies for High Value Petrochemicals Plant in Kazakhstan
Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced Butadiene LLP has selected its iC4 CATOFIN®, CATADIENE®, CDMtbe® technologies and BASF’s butadiene extraction technology for units at Butadiene LLP’s new petrochemical plant in Atyrau, Kazakhstan.
S-OIL Flying High with SHAHEEN Project for Expansion into Petrochemicals
S-OIL held a groundbreaking ceremony at the largest-ever domestic petrochemical project ‘SHAHEEN’ at the Ulsan Refinery. The Company is investing 9.258 trillion Won in the construction of the complex scheduled to be completed in 2026.
QatarEnergy and CP Chem Begin Construction of their $8.5 Billion Petrochemical Facility in Texas
In March 2023, QatarEnergy and Chevron Phillips Chemical Company (CP Chem) held the official groundbreaking ceremony of the upcoming Golden Triangle Polymers Plant in Orange County, Texas. This significant project has a cost figure of $8.5 billion dollars and is expected onstream in 2026.
Petrojet Has Signed an EPC Contract with Luberef for Production Facility in Yanbu in KSA
Petrojet - the executive arm for the Egyptian Petroleum Ministry- has signed an EPC contract with LUBREF ( Saudi Aramco Base Oil Company ) for carrying out the second phase of development named Growth - 2 Expansion Project, the agreement seeks to raise the Yanbu Facility’s base oil production capacity to approximately 1.3 million metric tons per year in 2025. Additionally, the contract will further enable Luberef to flexibly produce Group-II and Group-III base oils based on market demands.
Shell Catalyst & Technologies Signs on to Provide Technology to Upcoming CSPC Phase 3 Project in China
CNOOC and Shell Petrochemicals Company Limited (CSPC), incorporated by China National Offshore Oil Corporation (CNOOC) and Shell, is one of the largest petrochemicals joint ventures in China. Following the success and outstanding performance of their existing Phase I and II projects, CSPC Phase III will include a new 1.6-MMtpy cracker, creating one of the world’s largest and most flexible integrated complexes. Shell Catalyst & Technologies’ (SC&T) unique technologies and catalysts have been chosen again to enable this major growth project, due to their competitive advantages and reliable performance.
INEOS SECURES €3.5 BILLION FINANCING FOR PROJECT ONE – THE GREENEST CRACKER IN EUROPE
Project ONE is the largest investment in the European chemical sector for a generation. The new cracker located in Antwerp will have the lowest carbon footprint of all European crackers, five times better than the worst in Europe and two times better than the best.
ADNOC Announces Gas IPO
ADNOC, the Abu Dhabi state-owned energy company has announced its intention to float a stake in ADNOC Gas plc (“ADNOC Gas” or the “Company”), a world-class, large-scale integrated gas processing company, on the Abu Dhabi Securities Exchange (“ADX”) through an Initial Public Offering (“IPO”). ADNOC intends to offer approximately 4% of the total issued share capital of the Company.
Dow Awards Fluor Front-End Engineering and Design for its Proposed Net-Zero Ethylene and Derivatives Complex in Canada
Fluor (NYSE: FLR) announced today that it was awarded a reimbursable contract by Dow to provide front-end engineering and design (FEED) and engineering, procurement and construction management (EPCM) services for the world’s first net-zero carbon emissions (scope 1 and 2 carbon dioxide emissions) ethylene cracker and derivatives complex in Fort Saskatchewan, Alberta, Canada. Fluor will book the initial FEED award in the first quarter and anticipates the additional EPCM scope will be awarded throughout 2023 pending a final investment decision by Dow’s Board of Directors.
INEOS Secures €3.5 Billion Financing for Project One
INEOS Olefins Belgium has today announced it has raised €3.5 billion to support the construction and operation of the most environmentally sustainable cracker in Europe.
PetroChina again selects differentiated LyondellBasell Polyethylene (PE) technology
LyondellBasell announced today that PetroChina Jilin Petrochemical Company will again license LyondellBasell’s polyethylene technology at their facility located in Jilin City, Jilin Province, P.R. of China. The newly licensed technology will comprise of LyondellBasell’s leading high-pressure Lupotech process technology which will be used for both a 100 kiloton per year (KTA) Autoclave and a 300 KTA Tubular line. Both production trains will produce mainly low-density polyethylene (LDPE) with ethylene vinyl acetate copolymers (EVA). Furthermore, an additional 400 KTA Hostalen “Advanced Cascade Process” (ACP) line for the production of high density polyethylene (HDPE) will be built at the same time.
INEOS & LOTTE to build new 250,000 tonne Vinyl Acetate Monomer (VAM) Plant in Ulsan, South Korea
LOTTE INEOS Chemical has today announced plans to increase VAM production capacity from the current 450,000 tonnes to 700,000 tonnes with the addition of a third VAM plant. The new plant is scheduled to start-up by the end of 2025.
FSRU Neptune Arrives off Lubmin, Germany
Located on the Baltic Sea coast in northeast Germany, the Port of Lubmin took delivery of the country's first floating import terminal for liquefied natural gas in December 2022. Chartered by TotalEnergies, the Neptune FSRU is now being operated by Deutsche ReGas.
Imperial Approves $720 million for Largest Renewable Diesel Facility in Canada
Imperial said today it will further help Canada achieve its net zero goals by investing about $720 million (USD $560 million) to move forward with construction of the largest renewable diesel facility in the country. The project at Imperial’s Strathcona refinery near Edmonton is expected to produce more than one billion litres of renewable diesel annually primarily from locally sourced feedstocks and could help reduce greenhouse gas emissions in the Canadian transportation sector by about 3 million metric tons per year, as determined in accordance with Canada’s Clean Fuel Regulation. Regulatory approval for the project is expected in the near term.
New PEMEX Refinery Expected to Start Crude Processing in July
The Pemex owned Dos Bocas refinery, also known as the Olmeca refinery, will begin its crude oil processing in July 2023, according to recent comments from Energy Minister Rocio Nahle. This initial capacity will be for 170,000 barrels per day, with a peak expectation of 340,000 barrels per day.
Emerson Selected to Automate Largest Ethane Cracker in Middle East
Global software and engineering leader Emerson (NYSE: EMR) will provide automation technologies, software and analytics for the Ras Laffan Petrochemical Complex in Qatar as part of a consortium with Viasat Energy Services, a division of global communications company Viasat (NASDAQ: VSAT). The $6 billion integrated polymers project, a joint venture between QatarEnergy and Chevron Phillips Chemical, is currently under construction and scheduled to go online in late 2026.
FPSO vessel for the bp-operated Greater Tortue Ahmeyim project successfully sets sail for project site
The floating production, storage and offloading (FPSO) vessel for the bp-operated Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project has started its journey towards the project site off the coasts of Mauritania and Senegal. The FPSO set sail on 20 January 2023 from Qidong, China after successfully completing a series of sea trials following construction over the past three and half years. It will now travel 12,000 nautical miles via Singapore to its final destination – around 40km offshore on the maritime border of the neighbouring countries.
TA’ZIZ and Proman Sign Shareholders’ Agreement to Develop UAE’s First Methanol Facility
bu Dhabi Chemicals Derivatives Company RSC Ltd (TA’ZIZ) and PROMAN AG (Proman), one of the world’s leading producers of methanol, have signed a shareholders’ agreement to develop the United Arab Emirates’ (UAE) first world-scale methanol production facility at the TA’ZIZ Industrial Chemicals Zone in Al Ruwais Industrial City, Abu Dhabi.
BASF Breaks Ground on MDI Capacity Expansion Project at Geismar Site
BASF has broken ground on the third and final phase of the methylene diphenyl diisocyanate (MDI) expansion project at its Verbund site in Geismar, Louisiana, announced in July 2022. The company will increase production capacity to approximately 600,000 metric tons per year by the middle of the decade to support the ongoing growth of its North American MDI customers.
QatarEnergy and Chevron Phillips Chemical Make a $6 Billion FID for the Ras Laffan Petrochemical Complex in Qatar
In early January 2023, QatarEnergy announced that it had made a Final Investment Decision alongside Chevron Phillips Chemical (CPChem) to build the Ras Laffan Petrochemicals Complex in Qatar for $6 billion dollars. QatarEnergy stated that this is the largest petrochemical investment in Qatar that they have ever made.
Sempra Infrastructure Receives Export Licenses for Two LNG Projects
Sempra Infrastructure, a subsidiary of Sempra today announced that Energía Costa Azul, S. de R.L. de C.V. (ECA LNG) and Vista Pacifico, S.A.P.I. de C.V. (Vista Pacifico LNG) received authorization from the U.S. Department of Energy (DOE) to re-export U.S.-sourced liquefied natural gas (LNG) from Mexico to non-Free Trade Agreement (FTA) nations. The DOE's significant action is an important milestone for these two development projects, which now are each one step closer to supporting the world's energy security and environmental goals.
Technip Energies Awarded a Proprietary Equipment Contract by Chevron Phillips Chemical and QatarEnergy for the Golden Triangle Polymers Ethane Cracker
Technip Energies has been awarded a contract for the supply of proprietary cracking furnaces for the 2,000 kta(2) ethane cracker for the Golden Triangle Polymers project, a joint venture between Chevron Phillips Chemical (CPChem) and QatarEnergy, along the Gulf Coast in Orange, Texas.
Unique Crude-to-Chemicals Technology Set to Deploy in First Commercial Development
Lummus Technology, a global provider of process technologies and value-driven energy solutions, today announced that its licensed TC2CTM crude-to-chemicals technology will move forward in its first commercial deployment through S-Oil’s Shaheen Project in South Korea.
