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Petrochemical

Tesoro to invest $400 million in new xylene facility

San Antonio-based refiner Tesoro Corp. is planning to invest $400 million in petrochemical feedstock manufacturing in its U.S. West Coast refining system.
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Chevron Phillips Chemical breaks ground on $6 billion petrochemical project

Chevron Phillips Chemical Company LP has announced the official start of the second stage of its $6 billion investment in its U.S. Gulf Coast Petrochemicals Project.
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Kuwait plans to expand petrochemical operations

Kuwait is set to shift its focus onto petrochemical production and develop the industry to an extent that it accounts to 50 percent of the country's income generated from sectors other than oil.
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Iranian petrochemical traders stick to CFR deals to avoid payment troubles

Iranian traders of petrochemical products are seeking to avert potential payment troubles in Asia by pricing their deals on a cost and freight basis instead of using the freight on board method.
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Mexico's petrochemical sector to benefit from energy reforms

Mexico has been preparing for a significant shake-up of its energy sector, which may be particularly beneficial for the country's petrochemical sector.
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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
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

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

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

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

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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