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Global Processing e-News

China's Sinopec shortlists 37 bidders for fuel marketing unit

State-controlled Chinese energy giant Sinopec has selected 37 potential buyers for a 30 percent stake in its fuel marketing unit, which analysts value in the region of $20 billion.
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LNG imports help diversify energy sources of US islands

Imports of liquefied natural gas (LNG) may soon allow island states and territories of the United States to diversify their energy sources and benefit from lower fuel prices.
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Growth predicted for Chinese coating additives market

The coating additives market is directly related to China's coatings industry, which is projected to expand at a compound annual growth rate (CAGR) of over 10% in 2014-19.
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Dow Microbial Control antifouling technology gains landmark EU approval

Dow Microbial Control, a business unit of The Dow Chemical Company, has announced European Union regulatory approval of its innovative antifouling active substance - DCOIT (4,5-Dichloro-2-octyl-2H-isothiazol-3-one).
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Ineos moves into UK shale exploration

Chemicals company Ineos has acquired a majority stake in an onshore exploration and development license in Scotland that includes its Grangemouth refining and petrochemical complex and the area around it.
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World's largest water recycling facility to be built in Sydney, Australia

A new water recycling facility to be built in Sydney, Australia, will be the largest of its kind in the world, according to Sydney Water.
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Emergency shutdown at polypropylene plant in Saudi Arabia

Saudi Arabian petrochemical producer Sahara Petrochemical Company announced on Sunday an emergency shutdown at its Al Waha Petrochemicals subsidiary, a producer of propylene and polypropylene (PP).
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Norway's Yara acquires majority stake in Brazilian phosphate miner

Norwegian fertilizer producer Yara International ASA has agreed to acquire a 60 percent stake in Brazilian company Galvani Indústria, Comércio e Serviços S/A, expanding its interests in South America.


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OPW to acquire Australia's Liquip

Fluid-handling solutions specialist OPW said on Monday that it has agreed to acquire all outstanding shares of Australian company Liquip International.
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Petronas hands refinery construction contract to Sinopec Engineering

Malaysian state-owned oil and gas company Petronas has awarded an oil refinery construction contract to China's Sinopec Engineering (Group) Co. Ltd., media reports said last week.
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