Petrochemicals

As part of Saudi Vision 2030, the company aims to improve health and safety while growing its downstream capacity.

Over US$200 billion is to be invested in the industry, according to Wood Mackenzie Senior Vice President Chemicals, Steve Zinger.

To satisfy future demand for carbon fibre reinforced composites and 3D printing materials, the company is strengthening its production capacity.

Research by Reports and Data has found that the market will reach US$34 billion by 2026.

Another development in ADNOC’s strategy of expanding its petrochemical business, OMV plan further collaboration with the UAE company.

In a speech given at the Gulf Petrochemicals and Chemicals Association’s Research and Innovation summit, Aramco outlined their vision of increased research and production in the industry.

The Dutch company, contracted by Mitsubishi Heavy Industries, has completed the delivery and installation of 120 pressure vessels and modules for the new dimethyl ether plant.

Asia is forecast to be the major contributor to the growth of the global petrochemical industry by 2030.

The US Energy Administration is projecting the stabilisation of energy-related CO2 emissions around current levels for over four decades.

An important step as Chevron Phillips looks to increase production in line with rising global demand for normal alpha olefins.

WorleyParsons will take charge of the project management contract for the Ruwais petrochemicals complex in Abu Dhabi.

Shared expertise will enhance the visibility of Powerstar’s product line while also expanding their global reach.

The plant will be designed to produce 650 000 tpy of polymer grade ethylene from ethane and propane.

Petrochemical investment into the region expected to dramatically increase as a result, according to study.

This project represents the 10th Hostalen ACP line licensed in China.