To better serve its customers, Deepak Fertilisers has decided to split its mining chemicals and fertiliser operations.

Deepak Fertilisers and Petrochemicals Corporation (DFPCL), a producer of industrial chemicals and fertilisers, stated on Thursday that it will demerge its mining chemicals and fertilisers businesses as part of a corporate restructuring plan. According to a statement released by the firm, the boar...

Ineos announces over 2 Billion Euros investment in Europe in green hydrogen

Jim Ratcliffe, chairman of Ineos, is planning to invest a large amount of money in Europe in the field of green hydrogen.

Highlights

•        Ineos announced its plan to invest in green hydrogen production in Europe

LARSEN & TOUBRO HEAVY ENGINEERING UNIT GETS BIG CONTRACTS IN Q4FY21

HIGHLIGHTS

• The Heavy Engineering Unit of Larsen & Toubro has bagged major contracts in Q4FY21.
• L&T Heavy Engineering also earned contract to develop a Critical Reactor system.
• The contract has been given by IOCL's Petrochemical ...

HALDIA PETROCHEMICALS WANTS 50 PERCENT CAPACITY HIKE

HIGHLIGHTS

• Haldia Petrochemicals wants to increase its capacity hike by 50%.
• Haldia Petrochemicals is starting a project in order to produce 345,000 tonnes per annum of additional polymer.
• To facilitate new ventures, Haldia Petrochemicals h...

YARA PLANNING TO PRODUCE GREEN AMMONIA IN NORWAY

Highlights:

• The company ‘Yara’ is planning to produce green ammonia in Norway
• The fertilizer giant of Norway said that, the primary use of the green ammonia is going to be fuel instead of fertilizer

The company Yara, whic...

EUROPE: THE PRODUCERS OF PETROCHEMICALS ARE ANTICIPATING ON A BETTER OPERATING ENVIRONMENT

Highlights:

• The Petrochemical producers in Europe are anticipating for a better operating environment
• More fundamental shifts in the patterns of the demand will be becoming apparent over the time

The virtual European Petrochemical As...

SHELL STARTS FRAM GAS AND CONDENSATE FIELD AS STRATEGY UNDER REVIEW IN UNITED KINGDOM

Highlights:

• The company Shell has started the production of the Fram gas and the gas condensate field in North Sea in the United Kingdom
• Shell said in a statement that the Fram had came on stream on 16th June 2020 and it is expected to produce 12,400 ...

AFRICA CONTINUES TO STRUGGLE WITH GENERATION OF POWER USING CLEAN ENERGY

Highlights:

• Africa is not just the world's least electrified continent, the continent is also the most vulnerable to even slight climate change.

• Any decision to boost power supplies in the region could have major local as well as global impac...

GE POWER DELIVERS VSDS, E-HOUSE SUCCESSFULLY TO SHELL’S PETROCHEMICAL PLANT

Highlights:

• GE Power, one of the world leaders in power generation- has successfully delivered an e-house and VSDS to the petrochemical plant controlled by Shell Nederland Chemie B.V.
• GE’s VSDS encompasses high-speed induction motor and variable...

ASIA BECOMES BIGGEST CDU PRODUCER AND SUPPLIER FOR THE NEXT 5 YEARS

Highlights:

• Asia leads in terms of global refinery crude distillation unit (CDU) capacity additions
• It contributes about 42% of the total global CDU capacity from new-build projects for the period of 2020 – 2024

CHINA’S PETROCHEMICAL DEMAND DAMPENED DUE TO CORONAVIRUS OUTBREAK

Highlights:

• Weekly imports fell to 187,000 mt compared to the country’s average volume of 340,000- 490,000 mt.

• Gradual recovery in demand for PDH plants is estimated, but demand at households are still in low levels

ENERGY MINISTER PRINCE SALMAN REVEALS SAUDI ARABIA WOULD EXPORT GAS, PETROCHEMICALS SOON

Highlights:

• Saudi Arabia has been one of the world's biggest crude exporter for decades.
• However, insiders suggest the country has plans to add gas and petrochemicals to its slate of exports.
• The country's Energy Minister said on Su...

EMISSION LEVELS AT PETROCHEMICAL FIRMS TO BE CUT BY MORE THAN 30% IN 2020

Highlights:

• On Thursday, the Beijing Municipality government announced its plans to cut emissions in the petrochemical industry.
• Petrochemical firms will have to cut their emission levels by more than 30% this year from the 2017 levels.
• Bei...

MCDERMOTT INTERNATIONAL INC. WINS CONTRACT FOR SIX LARGE-SCALE OIL TANKS IN TEXAS

Highlights:

• McDermott International Inc. has recently bagged the contract for six crude oil storage tanks in Texas by a major oil and gas operator.
• The storage tanks will play a key role in an energy infrastructure project linking the Texas Gulf Coast...

CHEMONE GROUP LAUNCHES PENGERANG ENERGY COMPLEX IN JOHOR, MALAYSIA

Highlights:

• Sources in the PEC say that the aim is to become a world-class petrochemical hub that will potentially increase the value of the downstream oil and gas value chains in Malaysia.
• This is with respect to the government’s ‘Transfo...

PETROCHEMICAL SECTOR EXPECTED TO OUTPACE GLOBAL FUEL DEMANDS BY 2030

Highlights:

• A report by Deloitte states the petrochemical sector is expected to drive growth in world oil demand more than gas or diesel by the end of 2030.
• This is because of the quick growth in the electric vehicle industry and partly due to the inc...

SPECIALIST SERVICES GROUPS ADDS NEW OFFICE IN NETHERLANDS

Highlights:

• Specialist Services Group announces further plans to accelerate the development and expansion of Specialist Services Group in Europe
• For this purpose, the company is adding sales and technical support staff for the existing region.
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‘YEAR OF INVESTMENT’ CAMPAIGN LAUNCHED BY MMH

Highlights:

• The Ministry of Mines and Hydrocarbons (MMH) by Equatorial Guinea has officially launched the ‘Year of Investment’ campaign,
• There is are a series of foreign investors moving in already to commit towards increasing their planne...

FLUOR CORP AWARDED PETROCHEMICAL CONTRACT BY BPCL

Highlights:

• Fluor Corp. recently announced that it was awarded a contract by Bharat Petroleum Corp. Ltd (BPCL).
• The contract deals with project management consultancy services for the former’s polyols petrochemicals project at its existing integ...

SINOPEC LAUNCHES SOUTH CHINA REFINERY, SEEKS KUWAITI OIL: SOURCES

Highlights:

• China’s business giant Sinopec Corp is set to launch a new USD 5.7 billion petrochemical and refining complex in the southern part of the country.
• Industry officials revealed that the company plans to complete construction in the sec...