Downstream petrochemical news

A wave of private investment in new integrated plants is set to reduce China's reliance on regional paraxylene imports.

The company’s latest report forecasts that the global propylene capacity is poised to see considerable growth over the next nine years from 121.3 million tpy in 2017 to 148.1 million tpy in 2026.

The three companies will work together to study the feasibility and sustainability of transforming liquefied waste plastic into refinery raw material.

The transaction adds to Topsoe’s portfolio of catalyst and proprietary technologies for the chemical and refining industries.

Toyo Engineering Corp. has secured a contract to add two naphtha cracking furnaces to increase ethylene production at Maruzen Petrochemical Co’s Chiba plant in Japan.

Under the terms of the contracts, two 100 000 metric tpy polycarbonate plants in China will use KBR's proprietary phosgene-based interfacial polycarbonate technology PCMAX™.

Andrea Carcanco of Nozomi Networks told Black Hat conference attendees yesterday that further Triton-like attacks against industrial control systems are likely.

Dmitry Konov, Chief Executive of the Russian petrochemicals producer Sibur, has told Reuters that the company is looking at various options on capital markets, but chose not to confirm whether that included plans for an initial public offering.

Reuters is reporting that the Nghi Son oil refinery in Vietnam is seeking approval from the Ministry of Trade and Industry to export oil products, according to three industry sources.

SCG has signed loans with six financial institutions and will begin construction on the Long Son Petrochemicals project this quarter.