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Shell to Return to Qatar as Partner in World-Scale Petchems JV

Shell is expected to partner with Qatar Petroleum in the recently revived petrochemical project at Ras Laffan. Shell was formerly a partner with Qatar Petroleum in the multi-billion dollar Al-Karaana petrochemical project at Ras Laffan, but this was shelved in 2015. Qatar Petroleum has since

Honeywell Technology Selected for Largest Petrochemicals Project in China

Honeywell announced that Zhejiang Petrochemical Co. Ltd. (ZPC) will use a range of process technology from Honeywell UOP for the second phase of an integrated refining and petrochemical complex in Zhoushan, Zhejiang Province. In the first phase of the project announced in 2017, ZPC selected H

Korea’s Petrochemical Majors Vow $13B Capex by 2023

South Korea’s petrochemical majors reaffirmed capital investment plans worth nearly 14.5 trillion won ($13 billion) in total over the next five years to ready for the next expansion cycle after an anticipated downturn next year. Petrochemical exports are estimated to gain 14.6% this yea

SwRI to Launch 2nd Phase of Emissions, Catalyst Technologies Consortium

Southwest Research Institute (SwRI) is launching the Advanced Combustion Catalyst and Aftertreatment Technologies II (AC2AT™-II) consortium focusing on engine emissions solutions and innovative catalyst technologies. The AC2AT-II kickoff meeting will be Nov. 15 at SwRI’s headquart

Refinery Hydrogen Power Pilot Takes Shape in Australia

An industrial-scale pilot plant that will use surplus hydrogen from refinery operations to produce power is taking shape in Australia. Industrial alkaline fuel cell power company AFC Energy on July 12 said it received its first commercial order for a hydrogen power generation unit in Australi

German Refining Industry on the Verge of Consolidation and Production Cuts

German refineries have historically relied on crude oil from Russia/CIS (35%), the North Sea (32%), the Middle East (18%) and North and West Africa (15%). However, recent decreases in North Sea production require many German refineries to source crude supplies from farther afield, incurring l

National Oil Companies Plunge Deeper into Chemicals

In an effort to diversify their economies, national oil companies from the Middle East and North Africa are investing in chemicals, where they see attractive growth and sustainable prospects. Abu Dhabi National Oil Co. (ADNOC) plans to invest $45 billion, with partners, in its refining and pe

Oil’s March into Chemicals Will Rattle Status Quo

The outlook for motor fuels is having a strong, increasing influence on petrochemicals capacity investments and promises to rattle the chemical industry status quo. Any company involved in steam cracking and businesses immediately downstream needs to develop scenarios and strategies taking in

IEA Key Gas & Oil Trends 2017

In 2017, OECD natural gas production grew by 2.4% compared to 2016. This growth was driven by increases particularly in OECD Asia Oceania (+17.7%), whilst the OECD Americas (1.1%) and OECD Europe (0.4%) saw moderate growth. OECD Americas continued to account for nearly three quarters of the t