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…
Articles from Petrochemicals
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).
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.
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.
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.
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.
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.
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.
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.
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.