Petrochemicals

Alberta Seeks New Petrochemical Plants to Work Montney, Duvernay Natural Gas Production

Alberta Seeks New Petrochemical Plants to Work Montney, Duvernay Natural Gas Production

The Alberta government posted a reward Thursday for petrochemical manufacturers to build new plants that draw their raw materials from natural gas produced in the province. Natural Gas Minister Dale Nally announced a 10-year grant fund titled the Alberta Petrochemicals Incentive Program. The dollar value and eligibility rules were left open to negotiation, with further…

July 10, 2020

Petchem, LNG Projects Seen Leading GHG Emissions Growth from U.S. Oil and Gas Sector Through 2030

Expansions of oil and gas activity and infrastructure in the Gulf Coast and Southwest regions of the United States could contribute annual greenhouse gas (GHG) emissions of 541 million tons (mmt) of CO2 equivalent (CO2e) by 2030, according to a new study published by the University of Texas at Austin (UT).

January 17, 2020

Explosion at TPC Port Neches Facility Near Houston Leads to Injuries, Evacuation

An investigation was underway following an explosion in the pre-dawn hours Wednesday at the TPC Group Port Neches Operations facility east of Houston, where a tank holding butadiene exploded, injuring three people on site and temporarily shutting the Sabine-Neches Channel that connects Houston Ship Channel traffic to the Gulf of Mexico.

November 27, 2019
Saudi Aramco Set to Diversify Global Oil, Gas Investments with Sabic Stake

Saudi Aramco Set to Diversify Global Oil, Gas Investments with Sabic Stake

Saudi Arabia’s national oil company is buying a 70% stake in Saudi Basic Industries Corp., aka Sabic, the kingdom’s petrochemicals firm, in a $69.1 billion deal that paves the way for an infusion of investments into global oil and gas deals beyond the Middle East.

March 29, 2019

Appalachian Shales Present More Petrochemical Opportunities, Study Finds

Prospects for a wide variety of chemical manufacturing in the Appalachian Basin are robust as methane, propane and butane production is expected to continue increasing in the Marcellus and Utica shales in the coming years, according to a study released last week by IHS Markit.

March 25, 2019

Industry Brief

Construction is under way on Intercontinental Terminals Co. LLC’s (ITC) new bulk liquids terminal on the Houston Ship Channel, which will provide storage and handling for petrochemicals and petroleum products as well as petrochemical gases and natural gas liquids (NGL). ITC, a unit of Mitsui & Co. (U.S.A.) Inc., has been operating on the channel since 1972 and owns and operates a 12.8 million bbl liquid bulk terminal facility in Deer Park, TX. The greenfield terminal is in Pasadena, TX, on the south side of the channel. Start up of operations is expected during the second quarter of 2015 with 10 tanks of 100,000 bbl each. The terminal will have two deep-water ship docks and four barge docks capable of handling large oceangoing tankers as well as inland barges. Multiple product pipelines are adjacent to or near the new terminal, which will also have rail and truck facilities.

April 1, 2013

Optimism for Texas Petrochem Cracker, Says ExxonMobil

Backed by a plethora of natural gas supplies from its upstream business, ExxonMobil Chemical Co.’s multi-billion-dollar plan to expand its Baytown, TX, petrochemicals complex is on track, an executive said last week at the IHS CERAWeek 2013 conference in Houston.

March 11, 2013

ExxonMobil Optimistic on Texas Petrochemical Cracker Project

Backed by a plethora of natural gas supplies from its upstream business, ExxonMobil Chemical Co.’s multi-billion-dollar plan to expand its Baytown, TX, petrochemicals complex is on track, an executive said Tuesday at the IHS CERAWeek 2013 conference in Houston.

March 7, 2013

TPC Takeover to Capitalize on Shale Growth, Says First Reserve

Gulf Coast petrochemicals maker TPC Group Inc. on Monday agreed to be taken private by First Reserve Corp. and SK Capital Partners in a cash-and-debt transaction valued at $850 million.

August 30, 2012

Shale Gas Having ‘Profound’ Impact on U.S. Economy, Says Study

Shale natural gas has dramatically transformed the outlook for U.S. energy supplies and is having “profound” economic impacts on creating jobs and stimulating growth, as well as bolstering tax revenue and reducing consumer energy costs, according to a study by IHS Global Insight.

December 7, 2011
‹ Previous 1 2