Refining, Petrochemicals, Gas Processing, Biofuels
Report: Global Investment Financing Trends Rebound
Are global and regional foreign direct investment (FDI) trends favorable for those investing in new pipelines or redeveloping existing ones? The United Nations Conference on Trade and Development’s (UNCTAD’s) “World Investment Report 2022” answers that question. According to Richard Bolwijn, UNCTAD’s head of the Investment Research Branch, his organization’s work is now focused on providing investors with a clear view into both trends. It presents key national and international investment policy developments that will affect investments into pipelines.
Aramco and TotalEnergies to build a giant petrochemical complex in Saudi Arabia
The Saudi Arabian Oil Company (“Aramco”) and TotalEnergies have taken the final investment decision for the construction of a world scale petrochemical facility in Saudi Arabia. The “Amiral” complex will be owned, operated, and integrated with the existing SATORP refinery located in Jubail on Saudi Arabia’s eastern coast. The investment decision is subject to customary closing conditions and approvals.
Eni, Euglena and PETRONAS to Explore Biorefinery Opportunity in Malaysia
Eni, Euglena and Petroliam Nasional Berhad (PETRONAS) today announced that they are jointly studying the possibility of developing and operating a biorefinery in the Pengerang Integrated Complex (PIC), one of the largest integrated refinery and petrochemical developments in Southeast Asia.
INEOS and SINOPEC sign Joint Venture agreement for a brand new petrochemicals complex in Tianjin, China
INEOS and SINOPEC have today announced a new Joint Venture agreement that will see INEOS acquire a 50% share in the existing Tianjin Nangang Ethylene Project from SINOPEC. The project is currently building a 1.2 million tonne ethane cracker, expected to come on-stream at the end of 2023, and downstream derivative plants in Tianjin, China.
ExxonMobil doubles polypropylene production at Baton Rouge
ExxonMobil today announced the successful startup of its new polypropylene production unit at the Polyolefins Plant in Baton Rouge, Louisiana.
Axens Achieved the Guaranteed Performance of its First Ethanol-to-Ethylene Atol® Plant with Sumitomo Chemical
In May 2022, Axens have demonstrated the successful start-up of the first ethanol-to-ethylene pilot plant based on Axens Atol® technology with Sumitomo Chemical, which is going on the waste-to-polyolefins project in Japan. At full rollout, this project will attain the production of waste-based polyolefin at industrial scale, representing a step forward towards a circular economy based on renewable carbon.
Technip Energies Awarded a Contract for Sustainable Aviation Fuels Production at TotalEnergies Grandpuits Zero-Crude Platform in France
Technip Energies (PARIS:TE) has been awarded a contract by TotalEnergies for the production of Sustainable Aviation Fuels (SAF) at Grandpuits platform in France.
SABIC to Study Oil-to-Chemicals Project in Ras Al-Khair
SABIC, a global leader in diversified chemicals, announced on Wednesday its intention to study the establishment of a complex to convert oil and liquids into petrochemicals in Ras Al-Khair in the Kingdom of Saudi Arabia.
QatarEnergy Takes Final Investment Decision on the Largest Integrated Polymers Facility in the World
QatarEnergy and Chevron Phillips Chemical Company LLC (CPChem) announced that they have taken a Final Investment Decision (FID) on the Golden Triangle Polymers Plant, an $8.5 billion world-scale integrated polymers facility in the Texas Gulf Coast area in the United States of America.
Shell Begins Operations at Polymers Plant in Pennsylvania
Shell Chemical Appalachia LLC, a subsidiary of Shell plc, today announced it has commenced operations of its Pennsylvania Chemical project, Shell Polymers Monaca (SPM). The Pennsylvania facility is the first major polyethylene manufacturing complex in the Northeastern United States and has a designed output of 1.6 million tonnes annually.
KIPIC Begins Initial Phase of Al Zour Refinery
Kuwait Integrated Petroleum Industries Co (KIPIC) has reportedly stated that the first phase of Al-Zour refinery has started commercial operations, according to state news agency KUNA.
Site Construction Underway at TA’ZIZ and Next Major Phase of Growth Launched
Abu Dhabi National Oil Company (ADNOC) and ADQ, the majority shareholders in TA’ZIZ, launched, today, the next phase of growth at the TA’ZIZ Industrial Chemicals Zone, in Al Ruways Industrial City, which will more than double the number of chemicals produced at the industrial hub.
Share LyondellBasell Spheripol technology selected by Stavian Quang Yen Petrochemical
yondellBasell today announced that its leading polypropylene (PP) technology has been selected by Stavian Quang Yen Petrochemical, Ltd. (Stavian) for a new world scale production facility.
Global Leader in Decarbonization Announces Order for its System 1000 Syngas Production Package
SunGas Renewables Inc. (“SunGas”), a global provider of gasification systems for low-carbon fuel production, today announced an agreement with Arbor Renewable Gas,™ LLC (“Arbor Gas”) for supply of its SunGas™ System 1000 technology and equipment package to Arbor Gas’ Spindletop Renewable Gasoline Project located in Beaumont, Texas. SunGas is an outgrowth from GTI Energy, an organization advancing decarbonization through the economy-wide transformation of energy systems.
Topsoe Chosen to Support Federated Co-operatives Limited in Establishing Renewable Diesel Production in Saskatchewan, Canada
Topsoe, a global leader in carbon emission reduction technologies, has been selected by Federated Co-operatives Limited (FCL) to officially support the production of renewable diesel in Regina, Saskatchewan, Canada. FCL has chosen Topsoe’s HydroFlexTM process to produce low-carbon renewable diesel.
Thyssenkrupp Uhde Selected for Major Clean Ammonia Plant Project in the USA
Thyssenkrupp Uhde has been selected as technology provider and partner for a new “Clean Ammonia” plant planned by Nutrien, the world's largest provider of crop inputs and services. Subject to Nutrien’s final investment decision, anticipated in 2023, the plant will have a capacity of 3,500 metric tons/day and be built at Nutrien’s Geismar, Louisiana, USA facility. More than 90% of the CO2 emissions will be captured and stored (Carbon Capture and Storage).
Fluor Awarded Contract for Imperial Renewable Diesel Project in Canada
Fluor Corporation (NYSE: FLR) was awarded a reimbursable front-end engineering and detailed design, engineering and procurement services contract for Imperial as the company progresses plans to develop a world-class renewable diesel complex at its Strathcona refinery near Edmonton, Alberta, Canada. The new complex is expected to be the largest renewable diesel production facility in Canada and will produce approximately 20,000 barrels of renewable diesel per day from locally sourced feedstocks.
Pertamina and Rosneft Push Forward on $24 Billion Grassroots Refinery
Pertamina of Indonesia is moving forward on a significant grassroots refinery in Indonesia’s East Java Province and will be partnering with Russian state energy company Rosneft, even as geopolitical pressures continue to surround Russia. This progress is likely due to the neutral position that Indonesia has regarding the war in the Ukraine.
Guyana Sets Sight on First Oil Refinery
Guyana has recently called out for proposals to design, finance and construct a grassroots 30,000 barrel per day refinery, which would be the first one in the country’s history. Guyana President Mohamed Irfaan Ali remarked during a public event that “In two months’ time, we will be receiving the submissions from those who are interested in building this”.
OMV Petrom: investment of EUR 130 million at Petrobrazi refinery to build new unit of aromatic products
MV Petrom, the largest integrated energy company in South-Eastern Europe, invests approximately EUR 130 million in the next 3 years to build a new unit of aromatic products at Petrobrazi refinery. The unit will function at modern BAT (Best Available Technology) operating standards with low environmental impact. The processing capacity of the new unit is about 1,500 tons/day of reformed gasoline.
Prairie Energy Partners Ponders Texas or Oklahoma for New Refinery Site
Prairie Energy Partners LLC, a subsidiary of Southern Rock Energy Partners LLC of Texas, has begun the process of site selection for its proposed $5.6 billion refinery complex, which is expected to be a next generation complex with a focus on decarbonization technologies. According to the Texas operator, the sites being considered are in Victoria County, Texas and Lincoln County, Oklahoma.
Fluor Awarded Two Contracts for the BASF Zhanjiang Verbund Site Project in China
Fluor announced that the company was awarded two reimbursable engineering, procurement and construction management contracts by BASF for the ethylene oxide/ethylene glycol and infrastructure, offsites and utilities packages as part of the company’s new Verbund program in Zhanjiang, Guangdong province, China. The contract value to Fluor is more than $2 billion and was booked in the third quarter of 2022.
Technip Energies Announces Award of a Large Contract for FEED, License and Proprietary Equipment Supply for INEOS’ Project One Ethane Cracker
Technip Energies has been awarded a large contract for the proprietary equipment supply for INEOS Olefins Belgium NV’s 1,450,000 tpy ethane cracker in Antwerp, Belgium. This latest award is in line with our early engagement strategy and consolidates the successful completion of the Ethylene License and Extended Front End Engineering and Design (FEED) previously awarded to Technip Energies by INEOS.
W. R. Grace & Co. Welcomes New UNIPOL® Polypropylene Technology Licensee in Egypt
W. R. Grace & Co. (Grace), the leading independent supplier of polyolefin catalyst and polypropylene (PP) technology, has licensed its UNIPOL® PP technology to Red Sea National Petrochemicals Co. (Red Sea Co.). As a leading force driving further development of the petrochemicals industry in Egypt, Red Sea Co. is establishing a state-of-the-art, integrated refinery and petrochemicals complex to produce polyolefins, as well as PET polyester.
W.R. Grace & Co. to provide new UNIPOL® Polypropylene Technology to Indonesia's TPPI Project
W. R. Grace & Co. (Grace) the leading independent supplier of polyolefin catalyst technology and polypropylene (PP) technology, has received a commitment from PT Kilang Pertamina International (PT KPI) to use Grace’s UNIPOL® PP technology, which is part of its larger initiative, the Trans-Pacific Petrochemical Indotama (TPPI) Olefin Complex Development Project in Indonesia. This project will empower PT KPI to increase refinery and polyolefin capacity by addressing the gap between strong demand growth of petrochemicals and the shortage in domestic production capacity.
Neste launches a strategic study on transitioning its Porvoo refinery to a renewable and circular site and ending crude oil refining in the mid-2030s
Building on its capability of proactive transformation, Neste launches a strategic study on transitioning its refinery in Porvoo, Finland to non-crude oil refining and into a globally leading renewable and circular solutions site.
Louisiana Judge Cancels Air Permits for $9.4 Billion Dollar Plastics Plant
Louisiana District Judge Trudy White canceled state air permits this week belonging to a proposed $9.4 billion dollar plastics complex in St. James Parish, headed by Formosa Plastics. This announcement pushes this project further back from any new progress, as it has faced local and environmental opposition for nearly three years now.
Reliance Industries Announces Five Year Plan for its Oil to Chemicals Business
Reliance Industries Limited (RIL) Chairman Mukesh Ambani spoke at the company’s 45th Annual General Meeting this week, and he outlined some goals for the next five years of RIL’s petrochemical development. Mr. Ambani stated that “We are committed to maximize oil to chemicals integration and convert our advantageous feedstock streams to high-value chemicals and green materials."
L&T Wins (Large*) Contract from Indian Oil Corporation
IOCL is implementing the Panipat Refinery Expansion (P-25) Project to enhance refining capacity from 15 MMTPA to 25 MMTPA to meet the growth in demand of petroleum products and to increase their profitability and competitiveness in the long run. The engineering, procurement, construction, and commissioning (EPCC) contract is for setting up a Residue Hydrocracker Unit (RHCU) for this P-25 Project. The RHCU is licensed by Axens (France) with a capacity of 2.5 MMTPA and will upgrade the Vacuum Residue (VR) to high-value commercial products (mainly diesel). The contract is awarded through international competitive bidding on a Lump Sum Turnkey (LSTK) basis.
BPCL Looks to Increase its Petrochemical Portfolio
Bharat Petroleum Corporation Ltd (BPCL) recently announced new strategies around its current businesses in its latest Annual Report, including new unit planning around its currently operating refineries.
