Downstream petrochemical news
Saudi Aramco and Total ink deal with Daelim
Saudi Aramco and Total have announced an agreement with Daelim to build a new polyisobutylene facility.
Chevron agrees with Petrobras to buy Pasadena Refinery System
Assets include a refinery with a capacity to process approximately 110 000 bpd of light crude.
BHGE commits to reducing carbon dioxide equivalent emissions to net zero by 2050
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.
API report shows record-breaking December for US oil and gas industry
With record refinery throughput, total petroleum inventories built to within 2.6% of the maximum of the 5-year historical range.
SABIC, Saudi Aramco declare intent to develop Yanbu industrial park
The signing took place on the sideline of the inauguration ceremony of the National Industrial Development & Logistics Program (NIDLP).
Saudi Aramco, TechnipFMC and Axens advance crude-to-chemicals technology
The technology has the potential to convert more than 60% of a barrel of crude oil into chemicals.
EIA: US expected to export more energy than it imports by 2020
The US is projected to export more petroleum and other liquids than it imports within the decade.
UCC Shchekinoazot confirm guaranteed operation parameters of methanol and ammonia plant
The plant’s co-production unit is based on Haldor Topsoe technology.
Australia leads FPSO deployments in Oceania by 2025, says GlobalData
According to the report, 67 planned and announced FPSOs are expected to start operations between 2019 and 2025.
ADNOC signs refining and trading partnership agreements with Eni and OMV
Following a highly-competitive selection process, Eni was awarded a 20% share in ADNOC Refining, with OMV awarded a 15% share.