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Petrochemical

Global petrochemical producers rethink strategies to remain competitive

Most petrochemical businesses have already come to the realization that the U.S. natural gas-based feedstock is giving those who use it a great advantage in terms of costs.
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Investors withdraw from clean energy, turn to drilling

In recent years some investors and businesses have focused on development of renewable energy resources and tried to move away from fossil-fuel based energy. But solar and wind power and biofuels have failed to live up to initial expectations, while natural gas and oil industries have made huge gains.
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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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