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Asia’s synthetic rubber sector expected to recover
October 8, 2012
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NEW YORK — Asia’s weakened demand for synthetic rubbers, commonly used in tire production, is expected to recover following this year’s drop in car production, according to a new
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Braskem Idesa awards $2.7 billion contract for Mexican petrochemical complex
October 8, 2012
COATZACOALCOS, Mexico — Brakem Idesa, a joint venture between Brazilian petrochemical firm Braskem and Mexican group Idesa, has awarded a $2.7 billion contract to Odebrecht, Technip and ICA Fluor
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BP sells Texas City refinery to Marathon Petroleum
October 8, 2012
FINDLAY, Ohio — Marathon Petroleum Corp. (MPC) has agreed to buy BP’s Texas City refinery for $598 million, plus inventories estimated at $1.2 billion. The purchase includes refinery, three
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Honeywell’s UOP to acquire Thomas Russell Co.
October 1, 2012
MORRIS TOWNSHIP, N.J. — Honeywell’s UOP business has agreed to purchase a 70 percent stake in Thomas Russell Co., a provider of technology and equipment for natural gas processing
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Honeywell’s UOP to provide technology for petrochemical production in China
September 17, 2012
DES PLAINES, Ill. — Honeywell’s subsidiary UOP has been selected to help produce key ingredients for fuels, synthetic rubber and plastics in China. China''s Heilongjiang Anruijia Petrochemical Co. will
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Deadly explosion rocks Venezuela’s largest oil refinery
August 27, 2012
CARACAS, Venezuela — At least 39 people were killed and 80 others were injured Saturday when a natural gas explosion erupted at Venezuela’s largest oil refinery, Fox News reported.
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Exxon, Qatar Petroleum seek US permission to export liquefied natural gas
August 20, 2012
PORT ARTHUR, Texas — Golden Pass Products LLC, a joint venture of Exxon Mobil Corp and Qatar Petroleum, is seeking U.S. authorities'' permission to export liquefied natural gas from
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Mexichem, Occidental to form ethane cracker joint venture
August 20, 2012
MEXICO CITY — Mexican chemicals company Mexichem SAB has signed a memorandum of understanding with Oxychem, a unit of Occidental Chemical Corp., to form a joint venture for the
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BP sells Sunray, Hemphill processing plants to Eagle Rock Energy
August 13, 2012
HOUSTON — Eagle Rock Energy is buying BP’s Sunray and Hemphill processing plants and associated 2,500-mile gathering system serving the liquids-rich Texas Panhandle for $227.5 million. Eagle Rock and
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Formosa Chemicals shuts down petrochemical plant following fire
August 13, 2012
YUNLIN, Taiwan — Formosa Chemicals & Fibre Corp. shut down its 300,000-metric-ton-a-year styrene monomer production plant in central Taiwan following a fire Sunday afternoon, Fox Business reported. The facility
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