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Global Processing e-News

China's Sinopec looks to boost petrochemical production

April 1, 2013
Global petrochemical producers are facing fierce competition from U.S. companies that have been taking advantage of the huge amounts of natural gas available from their own oil and gas fields and used as feedstock for petrochemical production.
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Russia signs 'breakthrough' energy deal with China

April 1, 2013
Russia and China have finally agreed to sign a memorandum on natural gas supplies after many years of negotiating the terms of the deal, as both parties have overcome their disagreements over pricing and potential routes.
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Major Australian food processing company goes out of business

March 25, 2013
The Windsor Farms Food Group, a major food processing and packing business based in New South Wales, Australia, is closing its doors after 37 years in business, the website SmartCompany reported.
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Sinopec takes aim at US petrochemical competition

March 25, 2013
Chinese oil and gas company Sinopec says it is striving to lower its petrochemical production costs and optimize its product mix in order to stave off competition from the U.S.
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Williams plans major petrochemical investment in Alberta

March 22, 2013
The Tulsa, Okla.-based firm is going to open a propane dehydrogenation (PDH) facility, located near its existing complex in Redwater.
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Dow Chemical to build several plants on US Gulf Coast

March 22, 2013
Dow Chemical is planning to take full advantage of the low price of U.S. shale gas by investing in the construction of several processing plants on the U.S. Gulf Coast.
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US shale gas exports to India should be allowed, experts claim

March 18, 2013
The United States should allow shale gas exports to India as this might prove a win-win situation for both countries, energy experts claim.
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German RWE to sell oil and gas exploration operations

March 18, 2013
German electric utilities company RWE has announced that it is putting an end to its oil and gas exploration activity, in the hope of cutting its debt and capital expenditure.
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EU chemical production drops in 2012

March 15, 2013
According to the new Chemicals Trends Report released by the European Chemical Industry Council (Cefic), total production of chemicals in the European Union dropped 1.5 percent in 2012.
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Dow Chemical awarded $2.48 billion in court battle with Kuwaiti company

March 11, 2013
Legal proceedings that have been going on for years between Dow Chemical Co. and Kuwaiti state-owned Petrochemical Industries Co. are finally over, after an international court awarded an extra $318 million to the American chemical corporation.
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