Monday, November 20, 2017

Chemicals News

Ferguson Expands Tanks Range in Norway

Morten Smith shows tanks to Helge Qverneland, BD Manager (Photo: Ferguson Group)

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 Pryor

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

Photo: Griffco Valve

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…

US Takes First Step toward Fracking Disclosure Rules

Photo: U.S. Water Alliance

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

Navig8Chemical Tankers focused on making the shipping industry more modern and efficient through their professional, reliable and commercially-focused service

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

King Fahd Industrial Port

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

Logo

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.

Exxon, GT Devise Chemical Carbon Emissions Reduction Method

Exxon Mobil and Georgia Tech researchers published findings of a breakthrough in the journal Science on Thursday, saying they had devised a way to slash carbon emissions from chemicals manufacturing by using reverse osmosis instead of heat to separate molecules. Reverse osmosis, which has been widely used for decades in desalination plants that turn seawater into drinking water…

Ellis Named Chembulk Tanker CEO

Chembulk Tankers appointed David Ellis as Chief Executive Officer (CEO), succeeding Jack Noonan who will retire after 10 years of leading the team at Chembulk Tankers. Effective November 1, 2017, Jack will take on the role of CEO Emeritus through the balance of the year and will continue to advise and counsel Chembulk as part of the leadership transition.

BASF: Role of Oil & Gas Unit to Decline

CEO says focus of profitability drive to be on chems, agchems, but sees no reason to exit oil and gas activities. BASF, the world's largest chemicals maker, said its focus would be on boosting profitability at its chemicals and crop protection businesses as the contribution to earnings from oil and gas, hurt by low crude oil prices, diminishes further. The company…

Saudi Aramco to Set Up Chemicals Unit

File Image (CREDIT: AdobeStock / (c) Sharrif Che'Lah)

Saudi Aramco plans to set up a new chemicals subsidiary, the company said in its official magazine, The Arabian Sun, on Wednesday. "The Board... approved the creation of a new subsidiary to conduct the company's chemicals business," Aramco said. It did not give further details in the weekly in-house publication. Aramco's board met last week in Shanghai to…

Three vie for BP's China Petrochemicals Plant

SK Chemicals, Borealis and Ineos to bid. First bidding round to close in the coming days. At least three leading chemical companies are set to vie for BP's stake in Chinese petrochemicals joint venture SECCO which could fetch more than $2 billion, sources close to the process said. Offers for the 50 percent stake, the British oil and gas company's largest investment in China, will be submitted in the coming days, the sources said.

Technip Technology for Chinese Ethylene Plant

Courtesy Technip

Technip announced today that it has entered into a contract to supply its proprietary ethylene technology, Process Design Package, technical services and proprietary equipment to SP Olefins (Taixing) Co. Ltd, a subsidiary of SP Chemicals(1), for a 650 KTA grassroots gas cracker. Located in Taixing, Jiangsu Province, China, the plant will use low cost ethane and propane from North America.