India’s Nuberg Engineering Ltd has won an EPC (engineering, procurement and construction) and fabrication contract for a new chemical plant in Saudi Arabia.
Plans to build a petrochemical plant in Qatar have been halted in response to the drop in oil prices.
A French company has developed the world’s first biological production process for propylene, a key building block in the manufacture of plastics.
Drivers in the United States are benefiting from falling gas prices, but the current low oil prices are not good news for everyone.
South African energy and chemical company Sasol Limited has confirmed that it will build an $8.1 billion ethane cracker and derivatives complex in the United States, as the company looks to take advantage of cheap and plentiful supplies of U.S. gas.
The petrochemical and chemical industry in the Arabian Gulf region is showing strong growth, creating thousands of jobs and attracting multi-billion dollar investments.