Petrochemicals

Aramco and TotalEnergies to build $11-B Saudi petrochemicals plant

Saudi Arabian Oil Company (Aramco) and TotalEnergies will join forces to build a new petrochemicals complex in Saudi Arabia, the French energy group said on Thursday.

Tanker rates for refined petroleum products reach multiyear highs during 2022

Rates for petroleum product tankers that carry low-sulfur petroleum products, including refined petroleum products such as motor gasoline, diesel fuel, jet fuel, and naphtha, reached multiyear highs this summer.

ExxonMobil doubles polypropylene production at Baton Rouge

ExxonMobil today announced the successful startup of its new polypropylene production unit at the Polyolefins Plant in Baton Rouge, Louisiana.

Lukoil-controlled Italy refinery will keep going despite oil embargo

An Italian oil refinery controlled by Russia's Lukoil still sees scope to remain operational despite a European Union embargo on Russian oil starting on Dec. 5, the company said, after Rome paved the way to place it in the hands of trustees.

India's Essar Group plans $4.9 B petrochemical complex in Odisha

India's Essar Group plans to set up a $4.92 B petrochemical complex in the eastern state of Odisha in a tie-up with a global player, it said in a statement.

A novel deep catalytic cracking technology for residue-to-chemicals processes

Cao, D. , China Petroleum and Chemical Corp.; Ma, Q. , SINOPEC Anqing Co.; Gong, J. , Zhang, J. , Zhang, Z. , Wei, X. , Chang, X. , Zhu, J. , SINOPEC Research Institute of Petroleum Processing; Wu, L. , SINOPEC Engineering Inc.

Over the past two decades, annual global demands for refined products and basic petrochemicals have increased by approximately 1.3% and 3.5%, respectively.

Innovations

Rhodes, Mike , Hydrocarbon Processing Staff

N’GENIUS Materials Technology has developed a new series of high-strength austenitic stainless steels that the company says will transform how materials are specified and utilized across the oil and gas sector.

Industry Perspectives: Despite reaching $180 B, new project announcements are down year-over-year

Nichols, Lee , Hydrocarbon Processing Staff

Over the past year, the Global Energy Infrastructure database has tracked more than $180 B in new project announcements.

Kuwait refinery Al Zour issues its first LSFO tender

Kuwait has issued its first tender offering low-sulfur fuel oil (LSFO) from its recently commissioned Al Zour refinery, several industry sources said on Friday.

Saudi Aramco to invest in $7 B petchem project in South Korea

Saudi Aramco said it plans to invest in a $7 B project to produce petrochemicals from crude oil at its South Korean affiliate S-Oil Corp's refining complex in the port city of Ulsan.