Downstream petrochemical news

The investments include a commitment to long-term storage and the construction of a new road loading rack at the Canvey Island storage terminal.

Wood Mackenzie comments on Chevron Phillips Chemical’s decision to cease production.

SABIC will raise its stake in Ar-Razi to 75%, purchasing 50% of JSMC’s share.

The companies will build a plant to refine and upgrade a feedstock made from low quality, mixed plastic waste.

The King Salman Energy Park will target exploration, production, refining, petrochemicals, conventional power and water production and treatment.

The companies will explore opportunities for LNG bunkering in the UAE and potentially other regions.

The company will move away from LPG distribution, biodiesel and ethanol holdings and production.

Over 2000 plaintiffs in Texas will be awarded another US$140 million 30 years after the case began.

The purchase covers 2500 commercial and industrial customer contracts.

The majority of capital will be directed towards the company’s Heartland Petrochemical Complex, alongside NGL processing and storage.