Petrochemicals

Mexico Competition Monitor Urges Against ‘Detrimental’ Changes to Hydrocarbons Law

Mexico Competition Monitor Urges Against ‘Detrimental’ Changes to Hydrocarbons Law

Mexico’s antitrust watchdog Comisión Federal de Competencia Económica (Cofece) has sent a letter to Mexico’s Congress decrying proposed changes to the nation’s Ley de Hidrocarburos, or Hydrocarbons Law. “We recommend the reform to the Hydrocarbons Law isn’t approved,” President Jana Palacios said on Twitter. She suggested the proposed changes would be damaging to competition in…

April 13, 2021
Alberta Working to Expand Natural Gas-Fired Petrochemical Projects with Inter Pipeline Grant

Alberta Working to Expand Natural Gas-Fired Petrochemical Projects with Inter Pipeline Grant

The Alberta government on Monday awarded a C$408 million ($326 million) grant to Inter Pipeline Ltd. for new industrial projects that use natural gas and its liquid byproducts as raw materials. Inter Pipeline is receiving the grant through the Alberta Petrochemicals Incentive Program (APIP) in three annual installments after the scheduled completion of its C$3.9…

April 5, 2021
Mexico’s AMLO Touts Amended Ethane Contract, New Electricity Law as Sector Unease Mounts

Mexico’s AMLO Touts Amended Ethane Contract, New Electricity Law as Sector Unease Mounts

Mexico’s president and the CEO of its state oil company Petróleos Mexicanos (Pemex) said Wednesday that the terms of an ethane supply contract between Pemex and petrochemicals firm Braskem Idesa (BI) have been amended. The changes would benefit Pemex, said President Andrés Manuel López Obrador and Pemex CEO Octavio Romero Oropeza, although BI had yet…

March 3, 2021
Texas Freeze Forced Biggest Cut to Gulf Coast Refinery Operations Since 2017, EIA Says

Texas Freeze Forced Biggest Cut to Gulf Coast Refinery Operations Since 2017, EIA Says

The frigid temperatures that descended into Texas in February and paralyzed the state’s energy grid caused the largest reduction in Gulf Coast refinery operations in nearly five years, the U.S. Energy Information Administration (EIA) said in a research note Monday. Gulf Coast refinery runs decreased by 2.4 million b/d, or 28%, to 6.3 million b/d…

March 1, 2021
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
‹ Previous 1 2