Toyo Engineering Corporation has been awarded a contract to build a 650 000 tpy ethylene and polyethylene plant located in Ust-Kut, Irkutsk region, Russian Federation by Irkutsk Polymer Plant, a subsidiary of Irkutsk Oil Company (INK).
US exports of ethane have increased from nearly nothing in 2013 to an average of 260 000 bpd through the first 10 months of 2018.
Toyo Engineering Korea Limited (Toyo-Korea), a Korean subsidiary of Toyo Engineering Corporation has been awarded engineering, procurement and construction project.
Irving Oil will continue operation of the Top Oil business and its assets on a business-as-usual basis.
Saudi Aramco and Total have announced an agreement with Daelim to build a new polyisobutylene facility.
On the first day of its 20th Annual Meeting in Florence, Italy, Baker Hughes, a GE company, announced its commitment to reduce its carbon dioxide equivalent emissions 50% by 2030, achieving net-zero CO2 equivalent emissions by 2050.
With record refinery throughput, total petroleum inventories built to within 2.6% of the maximum of the 5-year historical range.