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Oil & Gas

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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Asia-Pacific to drive growth in polypropylene market, report predicts

August 13, 2012
KONSTANZ, Germany — According to a new report from industrial market research firm Ceresana, worldwide sales of polypropylene are expected to amount to more than $145 billion in 2019,
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Gas-to-liquids to generate $4 billion in annual investment over next decade

August 13, 2012
NORTHFIELD, Ill. — More than $4 billion per year over the next decade will be invested for plants to convert conventional and unconventional gas into liquids for use in
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Fire at Iran’s biggest petrochemical plant kills one, injures 15

August 6, 2012
TEHRAN, Iran — A gas leak in a feeding line sparked a fire Friday at Iran’s biggest petrochemical plant, AFP reported. The blaze at the Bandar Imam petrochemical complex
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Shell to boost investment in China downstream gas

July 30, 2012
BEIJING — Royal Dutch Shell announced Monday that it plans to boost investment in the downstream gas sector in China, MarketWatch reported. Shell is already heavily involved in upstream
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US shows most attractive ROI on producing propylene via PDH

July 30, 2012
HOUSTON — The U.S. shows the most attractive return of investment on producing propylene via propane dehydrogenation (PDH), according to a new report released by Houston publisher and chemical
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Unipetrol to upgrade polyethylene production capacity in Czech Republic

July 30, 2012
LITVINOV, Czech Republic — Czech chemical company Unipetrol is planning to upgrade and expand its polyethylene production capacity at its site in Litvínov in the northwest of the Czech Bohemia
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GE reorganizes Energy business

July 23, 2012
FAIRFIELD, Conn. — GE announced July 20 that it will reorganize its Energy business into three standalone businesses effective in the fourth quarter of 2012. The Energy headquarters organizational
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Report analyzes India’s booming polymers industry

July 16, 2012
LONDON — According to a new report by business analysts GlobalData, India is currently the world’s third largest consumer of polymers, behind China and the U.S., with a share
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Joint venture established to build new petrochemical complex in Oman

June 25, 2012
MUSCAT, Oman — Oman Oil Company (OOC) and the International Petroleum Investment Company (IPIC) announced the formation of a joint venture, Duqm Refinery and Petrochemical Industries LLC, to own
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