Petrochemicals
ORLEN Halts Misguided Olefins III Project
The ORLEN Management Board has decided to halt the Olefins III project after determining that the actual implementation costs would have exceeded the initial estimates by sixfold. This decision is expected to save the company approximately PLN 15 billion. The funds will be redirected towards projects that sustainably enhance the competitiveness of both the company and the Polish economy. Irregularities related to the capital investment process have been reported to the prosecutor’s office. Additionally, ORLEN is considering pursuing a compensatory claim against former management board members, enabled by a recently adopted resolution of the General Meeting.
Solvay Licenses Hydrogen Peroxide Process Technology to North Huajin Refining and Petrochemical Company
Solvay has entered into an agreement to license its leading-edge hydrogen peroxide technology to North Huajin Refining and Petrochemical Company (North Huajin) for the manufacturing of 300 kilotons of propylene oxide per year in its Panjin (Liaoning Province, China) facility, with a planned launch in 2026.
Petronet LNG Selects Lummus’ Novolen Technology for New, Large-Scale Plant in India
Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced an award from Petronet LNG Ltd. Petronet will license Lummus’ Novolen® polypropylene (PP) technology for a new 500 KTA plant in Dahej, Gujarat, India.
Bharat Petroleum Corporation Ltd. Selects Multiple Lummus Technologies for New Large-Scale Project in India
Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced an award for multiple technologies from Bharat Petroleum Corporation Limited (BPCL) for a new world-scale ethylene plant and associated downstream units in Bina, Madhya Pradesh State, India.
Borouge Signs Project Collaboration Agreement for Speciality Polyolefins Complex in China as Part of Consortium
Borouge Plc, a leading petrochemicals company providing innovative and differentiated polyolefins solutions, today announced an acceleration of its growth plans in its core Asia market, through a strategic consortium, aimed at developing a speciality polyolefins complex in China. The consortium, comprising Borouge, ADNOC and Borealis, has signed a Project Collaboration Agreement (PCA) with China’s Wanhua Chemical and Wanrong New Materials (Fujian), a subsidiary controlled by Wanhua Chemical.
Stamicarbon (MAIRE Group) Awarded a Process Design Package to Reduce Energy Consumption of a Dual-line Urea plant in China
Stamicarbon, the nitrogen technology licensor of the MAIRE engineering group, will deliver a Process Design Package for Qinghai Yuntianhua International Fertilizer Co., Ltd. to revamp its dual-line urea plant in Qinghai Province, China. The urea plant is comprised of two identical lines, each with a capacity of 1212 MTPD, utilizing prilling as finishing technology. The proposed revamp design will be implemented in both lines simultaneously.
Borealis Invests EUR 4.5 Million in Porvoo Steam Cracker, Enabling Increased Share of Circular Raw Materials Used in Production
Borealis announces a EUR 4.5 million investment in the cracker furnaces of its olefins unit in Porvoo, Finland. This investment ensures that the Porvoo steam cracker, which is part of a highly integrated petrochemical complex, can increase the share of renewable and recycled raw materials used in its base chemicals (ethylene and propylene) production; thus, supporting Borealis Strategy 2030 and driving the transformation to a circular economy. The Porvoo investment program, which has already been kicked off and is expected to be completed in 2025, follows last year's completion of a major cracker furnace update in Stenungsund, Sweden.
SABIC Fujian Petrochemicals Co., Ltd. Proceeds with Large-Scale Ethylene Project Integrating Multiple Lummus Technologies and Services
Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced that SABIC Fujian Petrochemical Co., Ltd.’s grassroots complex in Fujian Province, China, will leverage Lummus’ ethylene and co-monomer technologies. SABIC Fujian Petrochemicals Co., Ltd. is a joint venture between SABIC Industrial Investment Company (wholly owned by SABIC) and Fujian Fuhua Gulei Petrochemical Co., Ltd. (holding by Fujian Energy and Petrochemical Group). Formed in 2022, SABIC Fujian Petrochemicals Co., Ltd. is a 51:49 joint venture, with SABIC being the majority owner. On January 22, 2024, SABIC announced the final investment decision for the SABIC Fujian Petrochemical Complex (Sino-Saudi Gulei Ethylene Complex Project) and plans to begin construction this year and expects to complete construction in 2026. The complex is the largest single investment joint venture project with foreign investment in Fujian Province to date.
Tecnimont (MAIRE) awarded new petrochemical contract by SONATRACH in Algeria worth USD 1.1 billion
MAIRE (MAIRE.MI) announces that its subsidiary Tecnimont (Integrated E&C Solutions) has been awarded by SONATRACH through a tendering process an EPCC (Engineering, Procurement, Construction and Commissioning) contract for a new linear alkyl benzene (LAB) plant in the industrial zone of Skikda, located 350 km east of Algeri.
Energy Map of Trinidad and Tobago 2023
The Energy Map of Trinidad and Tobago is a comprehensive map of the country's energy infrastructure, including oil and gas fields, pipelines, refineries, petrochemical plants, the LNG facilities and ownership of onshore and offshore license blocks. The map is sponsored by the National Gas Company of Trinidad and Tobago (NGC).
Nextchem (Maire) Awarded a Licensing and Equipment Supply Contract Based on its Proprietary Technology for a New Urea Melt and Granulation Plant in Egypt.
MAIRE announces that NEXTCHEM (Sustainable Technology Solutions), through its nitrogen technology licensor Stamicarbon, has been awarded a licensing and equipment supply contract for a state-of-the-art urea melt and granulation plant in Egypt for El-Nasr Company for Intermediate Chemicals (NCIC). The plant is expected to have a production capacity of 1,050 metric tons per day of urea and will be located in an area 100 km southeast of Cairo.
His Highness the Amir Lays the Foundation Stone for the Ras Laffan Petrochemical Complex
His Highness Sheikh Tamim bin Hamad Al Thani, Amir of the State of Qatar, laid the foundation stone for the Ras Laffan Petrochemical Complex, one of the largest in the world, which will raise Qatar’s overall petrochemical production capacity to about 14 million tons per annum by the end of 2026.
Shell Pulls Out of Talks on Significant Petrochemical Project in Iraq
After nearly a decade of working to get the large Nebras petrochemical project up and going, Shell has chosen to cease its talks with the Oil Ministry of Iraq.
SABIC’s $6.4 Billion Dollar Petrochemical Plant in China Gets Go Ahead for Construction
Saudi Basic Industries Corp (SABIC) announced in a recent company exchange filing that it will proceed with building a new petrochemical complex in southeastern China's Fujian province. This $6.4 billion dollar project will be developed as a joint venture of SABIC and China state owned Fujian Fuhua Gulei Petrochemical Company.
Technip Energies has been selected to provide Proprietary Technology, Engineering, and Procurement services for Dow’s net-zero ethylene cracker in Fort Saskatchewan, Alberta, Canada.
Technip Energies has been selected to provide Proprietary Technology, Engineering, and Procurement services for Dow’s net-zero Scope 1 and 2 emissions integrated ethylene cracker in Fort Saskatchewan, Alberta, Canada. Technip Energies provided an Extended Basic Engineering Package for this new ethylene plant, including the cracking furnaces and the downstream separation section.
Dow's Board of Directors Approves Final Investment Decision for Path2Zero Project
Dow (NYSE: DOW) today announced that its board of directors has declared Final Investment Decision on the Company's Fort Saskatchewan Path2Zero investment to build the world's first net-zeroi Scope 1 and 2 emissionsii integrated ethylene cracker and derivatives facility in Alberta, Canada.
Clariant’s SynDane® catalyst chosen for Shenghong’s new world-scale biodegradable plastics project
Clariant, a sustainability-focused specialty chemical company, today announced that it has been awarded a major contract by Jiangsu Shenghong Petrochemical Co., Ltd, to use Clariant’s SynDane 3142 LA catalyst for its new maleic anhydride (MA) production plant in Lianyungang, Jiangsu province, China. With a production capacity of 200,000 tons per year, the new plant slated for start of production in 2025, will be one of the largest production plants for MA worldwide.
Haldia Selects Multiple Lummus Technologies for India’s First On-Purpose Propylene Plant and Largest Cumene and Phenol Plant
Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced Haldia Petrochemicals Ltd. (HPL) will license its olefins conversion technology (OCT) and the Lummus/Versalis cumene and phenol technologies for a new plant in West Bengal, India.
Data Director's Q4 Update
Peregrine Bush, Director of Data and Technology, shares his Q4 2023 update
United States: Borealis and TotalEnergies Start Up Baystar JV Polyethylene Unit
Borealis and TotalEnergies celebrate the start-up of their Baystar joint venture’s new 625,000 metric ton-per-year Borstar® polyethylene (PE) unit, which more than doubles the current production capacity at Baystar’s site in Pasadena, Texas.
Nuberg EPC wins IOCL’s Propylene Purification Package with Skid Mounted Technology Deployment
Nuberg EPC, the global engineering, procurement and construction (EPC) company, has been awarded the PPP contract by Indian Oil Corporation Ltd. (IOCL) for the design, engineering, manufacturing, supply and commissioning of a Propylene Purification Package at IOCL Panipat Refinery, Haryana, India. The project is part of IOCL’s expansion plan to increase the refinery capacity from 15 MMTPA to 25 MMTPA.
Samsung Engineering receives FEED contract for Saudi Petrochemical Project
Samsung Engineering, a world leading engineering solutions and project management company, announced today that it received the NoA(Notice of Award) for the FEED (Front End Engineering Design) contract of a PDH, PP, UTOS plant from Alujain National Industrial Co.(LNIC) in Saudi Arabia. The contract amount is USD 19.428 million and the FEED work is expected to be carried out in Samsung Engineering’s offices in Seoul, Korea until May 2024.
ExxonMobil Expands Chemical Production at Baytown
ExxonMobil today announced the startup of two new chemical production units at its Baytown, Texas, manufacturing facility. The $2 billion expansion is part of ExxonMobil’s long-term growth plans to deliver higher-value products from its U.S. Gulf Coast refining and chemical facilities.
Braskem and SCG Chemicals Join Forces to Advance in the Bio-based Ethylene Project in Thailand
Braskem, the leading global biopolymer producer, and SCG Chemicals, a leading petrochemical company in Thailand and Southeast Asia, have signed a joint venture (JV) agreement to create Braskem Siam Company Limited. Subject to clearance from the relevant anti-trust authorities and final investment decision by the partners, this joint venture aims to produce bio-ethylene from bio-ethanol dehydration and to commercialize I'm green TM bio-based polyethylene (PE), using the EtE EverG reen TM technology. The technology results from the partnership agreement between Lummus Technology LLC and Braskem B.V. to develop and license this technology.
Award of Packages 1 & 4 for a Petrochemical Expansion at the SATORP Refinery in Jubail, Kingdom of Saudi Arabia
Hyundai Engineering & Construction Co., Ltd. (“HDEC”) has been awarded contracts for two EPC packages related to a petrochemical expansion at the SATORP refinery in Jubail, Saudi Arabia. Package 1 (Mixed Feed Cracker and Refinery Off Gases) involves installing a Mixed Feed Cracker (MFC) to produce an additional 1,650 KTA (kilo tons per annum) of ethylene and related industrial gases. Package 4 (Utilities, Flares & Interconnecting) relates to installation of facilities that supply utilities such as electricity and water to plants, and functions as interconnecting systems that support main packages within the facilities.
INEOS and SINOPEC Complete Major Petrochemicals Deal in China
INEOS has today completed the formation of a 50/50 joint venture with SINOPEC for the Tianjin Nangang Ethylene Project, announced in December 2022, which is currently under construction by SINOPEC and expected to be on-stream by April 2024.
McDermott Selected for Petrochemical Expansion Project by IOCL
McDermott has been awarded a project management consultancy (PMC) and engineering, procurement, and construction management (EPCM) contract for the Naphtha Cracker Expansion (Phase II) polypropylene expansion and new ethylene derivative unit project from Indian Oil Corporation Limited (IOCL). The project is located at the Panipat Refinery and Petrochemical Complex, located 62 miles (100 kilometers) from New Delhi, India.
ADNOC Makes Statement on Possible Merger of Borouge and Borealis
Abu Dhabi National Oil Company (ADNOC) P.J.S.C. (“ADNOC”) is excited to confirm that, following initial exploratory discussions, it has entered into formal negotiations with OMV AG (“OMV”), about the potential creation of a new combined petrochemicals holding entity, through the proposed merger of their respective existing shareholdings in Borouge plc (“Borouge”) and Borealis AG (“Borealis”).
bp Expands Investment in Bioenergy, Collaborating with US Biofuels Developer WasteFuel
bp invests $10 million in WasteFuel, which is planning to develop a global network of plants to convert municipal and agricultural waste into bio-methanol, a biofuel which could play a significant role in decarbonizing hard-to-abate sectors like shipping.
Saudi Aramco and TotalEnergies sign deals to build $11bn Amiral petrochemicals complex
Saudi Aramco and France's TotalEnergies have awarded contracts to build the $11 billion Amiral petrochemicals complex in the city of Jubail in the kingdom's Eastern Province. The awarding of the engineering, procurement and construction contracts for main processing units and associated utilities marks the start of construction work on the major project, following the final investment decision made in December 2022, the companies said on Saturday.
