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Petrochemical

US oil and gas industry execs expect new regulation to lead to consolidation

The United States is likely to maintain a leading position in global oil and gas production, but new regulation may cause a wave of consolidation amidst concerns about increasing operating costs, just-released research suggests.
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Fluor reports benefits of oil & gas, petrochemical industry expansion

Fluor Corp. financial results for its first quarter ending March 31 were driven by growth in its oil & gas and industrial & infrastructure segment businesses, the company says. Revenue topped $7 billion, and was up 14% from the previous year.
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More than a dozen injured in Formosa Plastics plant fire

According to a company spokesman, the fire broke out around 1:00 p.m. in one of the plant's polyethylene production units.
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US recycling of rigid plastics on the rise

More than 934 million pounds of post-consumer rigid plastics were recycled by the United States and Canada in 2011, which was 13 percent more than in the previous year.
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Oklahoma company to build propane dehydrogenation plant in Alberta

Tulsa, Okla.-based energy company Williams has announced plans to build a propane dehydrogenation (PDH) facility in Alberta, Canada, to increase production of polymer-grade propylene from its Canadian operations.
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Mitsui and Idemitsu Kosan study alpha olefins production in the US

Mitsui & Co., Ltd. and Idemitsu Kosan Co., Ltd. have signed a basic agreement to commence studies for the establishment of a 50-50 joint venture in the United States to produce linear alpha olefins with a newly built world-scale unit.
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Can the world replicate US shale gas boom?

The immense success of the shale gas industry in the United States has caused governments around the globe to look into possible development of natural gas fields in hopes that they could also find a way to energy independence.
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Dow Chemical to build specialty material production units on US Gulf Coast

Midland, Mich.-based Dow Chemical Co. announced Monday its plans to build several new, specialty material production units aligned to its high value Performance Plastics franchise on the U.S. Gulf Coast.
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Ethane fuels growth in US petrochemical industry

The U.S. petrochemical industry is expecting growth in the first half of 2013, compared to the previous six-month period, mostly due to the increase in use of ethane as the key ethylene feedstock.
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US petrochemical industry expands position as leading producer

New investment is expanding the U.S. petrochemical industry's position as a global producer, Steve Pryor, president of ExxonMobil Chemical Company, said in a speech at the IHS CERAWeek 2013 conference.
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