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Petrochemical

BASF mulls multi-billion dollar Gulf Coast investment in methane-to-propylene complex

Propylene in short supply due to shift to ethane feedstocks drawn from shale gas, IHS Chemical notes
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Chemical producer BASF is evaluating an investment in a world-scale methane-to-propylene complex on the U.S. Gulf Coast.
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Sinopec drops plans for new petrochemical projects

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China's largest refiner, Sinopec Corp., has shelved plans to invest in new petrochemical projects, citing growing competition from the U.S. petrochemical sector as the main deciding factor.
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Domestic demand to fuel Russia's petrochemical industry growth

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The Russian petrochemical industry is set to benefit from increasing domestic demand over the medium term, with non-oil industrial sectors emerging as the strongest driving force for growth.
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Petronas to build $27 billion refinery complex

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Malaysia's state-owned oil and gas company Petronas has announced plans to invest $27 billion in the construction of a new refining and petrochemical complex in the southern state of Johor.
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New US petrochemical projects in need of skilled workers

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Approximately 90,000 new workers will be needed next year as a number of major chemical projects are set to break ground in 2015.
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Chevron Phillips Chemical starts work on $6 billion petrochemical complex

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The petrochemical complex will include an ethane cracker with a capacity of 1.5 million metric tons per year at the Cedar Bayou facility in Baytown, Texas.
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Demand for ethylene to rise 150% by 2040, Exxon president says

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Global demand for ethylene will soar between 2010 and 2040, driven by rising needs for consumer products, according to ExxonMobil President Steve Pryor.
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Total plans to tap into Iraqi petrochemical market

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French oil company Total is exploring options to expand its presence in the Middle East and tap the growing local market by constructing a large petrochemical complex in Iraq.
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US petrochemical companies pursue growth with new cracker capacity

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The U.S. petrochemical industry is expected to launch an extra 7.34 million tpa of new cracker capacity by 2017, as it continues to leverage growing shale gas production and low-cost ethane that will fuel the crackers.
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BASF boosts polyarylsulfone capacity with new South Korean plant

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The South Korean plant will be capable of producing 6,000 metric tons of Ultrason polyarylsulfone a year, lifting BASF's global annual capacity to 18,000 metric tons.
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