Petrochemicals
May 2020

Saudi-based Advanced Petrochemical Company said it has signed an agreement with leading South Korean group SK Gas for the construction and operation of two major petrochemical facilities - a propane dehydrogenation (PDH) and a polypropylene unit - in the kingdom at an investment of $1.8 billion.






May 2020

JAPAN’S JXTG Nippon Oil & Energy Corporation said that it will conduct the feasibility study of a new Ethylidene Norbornene (ENB) plant to be built in Jubail, on Saudi Arabia’s eastern coast, as part of the petrochemical Amiral complex announced by Saudi Aramco and Total in October 2018.






May 2020

The collapse in crude oil prices is wiping out much of the US petrochemical competitive advantage while global demand is being slammed by the continuing spread of the coronavirus. Financial markets are seizing up, throwing a wet blanket on new chemical investment and M&A activity, and ratcheting up the risk of a global recession.






May 2020

A sharp drop in oil prices and the coronavirus outbreak have affected the petrochemicals sector in the Gulf countries and worldwide.






May 2020

Emerging power-to-chemicals (PtC)technologies will disrupt the dominance of oil and gas in the chemical sector and provide a new route of production, especially for the niche product sector, predicts Lux Research’s new report, “Electrifying Chemicals: The Cost of Producing Chemicals from Electricity.






May 2020

The coronavirus outbreak has touched virtually every aspect of modern life. For the petrochemicals industry, the landscape is shifting at an alarming pace. Only one thing seems certain: the coming decade will be shaped by this crisis.






May 2020

Qatari state-owned energy firm Qatar Petroleum (QP) has announced the integration of petrochemical firm SEEF into its operations, with QP Operations (Refining) to manage SEEF’s facilities. SEEF is a joint venture between QP and UDC, a Qatari public shareholding company.






Tags