Clariant CEO: SABIC Partnership Update in September
Clariant aims to give a strategic update on its partnership with 25-percent investor Saudi Basic Industries Corp (SABIC) in September, Chief Executive Hariolf Kottmann told shareholders at the Swiss speciality chemicals maker's annual general meeting on Monday. "We see the commitment of this company as very positive and have already begun talks about our future closer cooperation," Kottmann said.
ADNOC to Build Huge Refining & Chemical Plant
State oil giant Abu Dhabi National Oil Co (ADNOC) plans to build the world's largest integrated refining and chemical site in Ruwais, United Arab Emirates, ADNOC's chief executive officer said on Tuesday. Speaking at the CERAWeek conference in Houston, Sultan al-Jaber, head of ADNOC, said downstream investments like refining and chemicals represent the company's biggest future opportunity.
Dio Named President, Chairman of BP America
BP announced that Susan Dio has been appointed chairman and president of BP America Inc., BP’s chief representative in the U.S., from May 1, 2018. Dio succeeds John Mingé, who will move to chair a study by the National Petroleum Council (NPC) into CCUS technologies and their potential deployment. He will retire from BP in March 2019. Dio, a chemical engineer by training…
U.S. Refining Industry Group Chief says Trump Should Rethink Tariffs
The head of a leading refining and chemical industry association said on Monday that President Donald Trump should not impose tariffs on steel and aluminum imports due to the effect it would have on consumers and companies that use those materials. Trump's proposed tariffs have met with criticism from many in the energy industry, which relies on heavy imports to build pipelines and other facilities.
Exxon Sees Earnings Doubling by 2025
Exxon Mobil Corp, the world's largest publicly traded oil producer, said on Wednesday it expects its earnings to more than double by 2025 to $31 billion with crude prices at or above current levels. The company said exploration projects in Guyana and the Permian Basin as well as refining and chemical plant expansions, should help boost earnings. The company reported an adjusted profit of $15 billion in 2017.
Ferguson Expands Tanks Range in Norway
Ferguson Group, a global specialist in the provision of offshore DNV 2.7-1/EN12079 containers, freezers, workspace and accommodation solutions, has increased its Norwegian product range to include a large fleet of chemical tanks, including cryogenic tanks for liquid nitrogen storage and transportation. Chemicals are essential for use in the energy industry, routinely used in the offshore sector from E&P to decommissioning.
Shell to Expand Alpha Olefins Production
Press release - Shell Chemical LP (Shell) has announced the final investment decision to increase Alpha Olefins (AO) production at its chemical manufacturing site in Geismar, Louisiana, making the site the largest AO producer in the world. Shell will construct a fourth AO unit, adding 425,000 tonnes of capacity. The chemical site is used in the production of stronger and lighter polyethylene plastic for packaging and bottles…
President Pryor Retires from ExxonMobil Chemicals
Stephen D. Pryor, president, ExxonMobil Chemical Company and vice president of Exxon Mobil Corporation, has elected to retire on January 1, 2015, after more than 44 years of service. It is anticipated that the board of directors of Exxon Mobil Corporation will appoint Neil A. Chapman as president of ExxonMobil Chemical Company and elect him a vice president of the corporation, effective Jan. 1, 2015.
NC Senate Outlaws Disclosure of Fracking Fluid Secrets
The North Carolina Senate on Thursday voted to make it a crime to disclose the chemicals used in hydraulic fracturing, or fracking, even as big U.S. oil companies elsewhere consider releasing more information about the fluids to address public concerns about the environment. The legislation, proposed by three Republican state senators and passed by a vote of 35-12…
Dow, DuPont to Merge
Each co's shareholders to get about 50 pct of DowDuPont; DuPont CEO Breen to get top job at combined company. Chemical giants DuPont and Dow Chemical Co agreed to merge in an all-stock deal valuing the combined company at $130 billion, with plans to eventually split into three. The deal, which is likely to face intense regulatory scrutiny, allows the new…
Senior Management Shuffle at Chevron
Chevron Corporation announced today that two of its top executives, Michael Wirth and Pierre Breber, will assume new leadership roles effective January 1, 2016. Wirth, who currently serves as executive vice president for downstream and chemicals, will become executive vice president for midstream and development, while Breber, presently executive vice president of gas and midstream…
New High-pressure Chemical Injection Valves
Griffco Valve, Inc., Amherst, New York, has announced the introduction of its new line of high-pressure chemical injection valves (injection quills). Used as the transitional point for the chemical before it is injected into process piping, Griffco’s model IVQ injection valves feature dual-threaded NPT connections in 1/2” (DN 15), 3/4" (DN 20) and 1” (DN 25) sizes with standard quill lengths of 3” for 1/2” and 3/4” diameters…
INEOS to Ship US Ethane to China in 2019
U.K. chemicals firm INEOS said it has entered a long-term supply agreement with Singapore-based SP Chemicals to ship ethane from U.S. shale gas to China for the first time starting in 2019. “This is another world first for INEOS after importing shale gas to Europe in 2015,” said David Thompson, CEO of INEOS Trading and Shipping. “By bringing in U.S. The deal involves the construction of a 95…
US Takes First Step toward Fracking Disclosure Rules
The Obama administration announced its first steps on Friday toward possibly tighter regulation of hydraulic fracturing, or fracking, seeking public input on whether companies should be required to disclose the contents of fluids used in the oil and natural gas drilling technique. The U.S. Environmental Protection Agency said it would gather public comment…
Navig8 to Acquire ECO Chemical Tankers
Navig8 Chemical Tankers Inc. is pleased to announce that it has signed resale purchase agreements with an agribusiness group to purchase two ECO 49,000 dwt chemical tankers currently under construction at Hyundai Vinashin Shipyard Co. Ltd. that were originally ordered by the Seller. Both Vessels are scheduled for delivery in Q1 2015. The Company has the…
Huge Saudi Sadara Project Signs Deals for Storage, Port Services
Saudi Arabia's Sadara Basic Services, fully owned by Sadara Chemical Co, has signed agreements covering storage facilities and port services, it said on Sunday as the firm prepares to start producing petrochemicals by the end of this year. Sadara Chemical is a $20 billion petrochemical joint venture between national oil giant Saudi Aramco and U.S. firm Dow Chemical.
No Chemical Release at Crosby, Texas, Plant -Arkema Official
The head of an Arkema SA business unit said on Thursday an incident at the company's Crosby, Texas, plant was not a chemical release but a fire caused by chemicals that could no longer be maintained at the cold temperatures required to prevent them from burning. "This isn't a chemical release. It's a fire," Richard Rennard of Arkema told reporters near the scene of the flood-swamped chemical plant.
Dow Chemical Beats Street on Cheap Feedstock
Dow Chemical Co reported a better-than-expected quarterly profit as the company's operating margins rose for the eleventh quarter in a row, helped largely by low raw material costs at its plastics-making business. The U.S. chemical maker's plastics business has benefited from easy access to cheap shale gas, which is stripped down into ethane to make ethylene - a key component of plastics and many chemicals.
Milton to Replace Retiring Kelly, President, ExxonMobil
Alan Kelly, president of ExxonMobil Fuels, Lubricants & Specialties Marketing Company, has announced his intention to retire effective Aug. 1, 2016, after more than 34 years of service. It is anticipated that the board of directors of Exxon Mobil Corporation (NYSE:XOM) will appoint Bryan Milton as president of ExxonMobil Fuels, Lubricants & Specialties Marketing Company and elect him as a vice president of the corporation.
Umicore, Sinochem Expected to Bid for Total's Atotech
Chemicals groups Umicore and Sinochem are among the groups interested in German surface finishing and metal plating company Atotech, put on the block by France's oil giant Total, people close to the matter said. Total has asked for preliminary bids for the unit, which is expected to fetch more than 3 billion euros ($3.3 billion), by a Tuesday deadline, the sources added.