Downstream petrochemical news
NextDecade agrees to sell convertible preferred stocks to funds managed by BlackRock
NextDecade has agreed to sell series B convertible preferred stock to funds managed by BlackRock.
Production shutdowns and dip in operating rates challenge MMA market
Research by IHS Markit suggests that global MMA demand is increasing as supply becomes increasingly constrained.
Total sells equity in India's Hazira terminal and signs LNG sales agreement with Shell
Total has signed agreements to sell its stake in the Hazira terminal and provide LNG to Shell for five years.
TechnipFMC awarded contract for Vietnam’s first olefins plant
LSP has awarded a contract to TechnipFMC for the construction of Vietnam's first olefins plant.
ABS-classed marine diesel engine converted to operate on ethane
ABS has confirmed the world’s first conversion of a slow-speed marine diesel engine to operate on ethane as a fuel.
Chart Lifecycle launches Asset Integrity Management programme
Chart Lifecycle has announced a new aftermarket programme focused on improving the integrity of BAHX, cold box and CIK equipment.
Advantage Midstream to provide gas processing for SandRidge Energy
Advantage Midstream announces agreement with SandRidge Energy to provide a natural gas refrigeration plant in Colorado.
Tube Tech International partners with ParFab Companies in bid to offer turnkey service
Tube Tech International has partnered with ParFab Companies to combine their services to a shared customer base.
Petronas Chemicals eyeing acquisitions to boost specialty business
Reuters reports that the Malaysian state energy firm is seeking acquisitions in a bid to expand its specialty chemical business.
KBC and OLI Systems to collaborate on simulation software
KBC and OLI Systems will integrate their thermodynamics and physical properties software within the Petro-SIM platform.