Industry: Natural gas & LNG

Huntsman selects ExxonMobil’s tubular LDPE technology for its UK plant ExxonMobil Chemical announced the signing of an agreement with Huntsman Petrochemical to license ExxonMobil’s tubular process technology for Huntsman’s new low-density polyethylene (LDPE) plant. The 400 KT per year plant, to be built in Teesside, England, will be the world’s largest LDPE reactor. Work is […]

Nizhnekamskneftekhim selects Spherilene process for new LDPE/HDPE plant Nizhnekamskneftekhim announced the selection of Basell’s Spherilene® polyethylene technology for a new 230 KT per year plant to produce linear low-density and high-density polyethylene. The plant is to be built in Nizhnekamsk, Republic of Tatarstan, Russia, with a start-up planned for 2007. According to Basell, the new […]

Sinopec selects Basell’s Lupotech® technology for the LDPE plant in China Basell announced that China Petroleum & Chemical Corporation (Sinopec) has selected Basell’s Lupotech T technology for a new 250 KT per year LDPE plant to be built at Maoming in Guangdong province, PRC. UHDE GmbH of Dortmund, Germany will be the engineering contractor for […]

ExxonMobil & Fujian Petrochemical to construct chemical complex Fujian Petrochemical Company Limited (a company owned 50 percent by China Petroleum & Chemical Corporation (Sinopec) and 50 percent by Fujian Government) (FPCL), ExxonMobil China Petroleum and Petrochemical Company Limited (ExxonMobil), and Aramco Overseas Company B.V. (Saudi Aramco) reached agreement to jointly fund the front end loading […]

ExxonMobil & Fujian Petrochemical to construct chemical complex Fujian Petrochemical Company Limited (a company owned 50 percent by China Petroleum & Chemical Corporation (Sinopec) and 50 percent by Fujian Government) (FPCL), ExxonMobil China Petroleum and Petrochemical Company Limited (ExxonMobil), and Aramco Overseas Company B.V. (Saudi Aramco) reached an agreement to jointly fund the front end […]

Russian polyolefins producer Lukoil is rumored to be the potential suitor for Basell Polyolefins Russian polyolefins producer Lukoil could bid for Basell. Shell and BASF announced their plans to review strategic options regarding their 50-50 joint venture, Basell. Rumors are that Lukoil was understood to have expressed an interest in Basell. It was also reported […]

BASF and Shell review strategic options regarding their joint venture Basell BASF and Shell announced their plans to review strategic alternatives regarding their joint venture Basell, in which they both hold a 50 percent equity interest. The options being reviewed by the shareholders include the sale of their stakes and an equity market transaction. During […]

Dow introduces a new line of Affinity GA polyolefin plastomers for hot melt adhesives and polymer modification Dow Chemical Company announced the commercial launch of AFFINITY® GA Polyolefin Plastomers (POPs), a new line of highly versatile polyolefin polymers. Developed using Dow’s proprietary INSITE® Technology and Solution Process, AFFINITY GA POPs are the first products of […]

Basell’s PE process technology licensing activity on the rise Basell announced that Salavatnefteorgsintez, a Russian petrochemical company controlled by Gazprom, has signed a licensing agreement to use Basell’s Hostalen technology for a new 120,000 MT/year high-density polyethylene plant at Salavat, Republic of Bashkortostan, Russia. The plant is scheduled to be completed in 2006. In a […]

BP licenses Innovene technology for Sasol Polymers polypropylene expansion BP and Sasol Polymers announced the signing of an agreement to license BP’s Innovene polypropylene process technology for the expansion of Sasol’s polypropylene facilities located in Secunda, Republic of South Africa. The new plant will have an annual capacity of 300,000 MT/year, produce homopolymers, random copolymers, […]

Major polyolefins producers Dow, ExxonMobil, Nova, and DuPont report earnings Dow Chemical Dow Chemical Company reported fourth-quarter sales of $8.3 billion, up 20% from fourth-quarter 2002 sales of $7.0 billion, with a 12% increase in price and an 8% increase in volume. Net income rose to $929 million, compared with a loss of $809 million […]

Chevron Phillips Chemical enters into a new licensing agreement with Sinopec to construct a 350,000 MT/year HDPE plant Chevron Phillips Chemical Company announced that it has licensed its slurry loop technology to China Petrochemical International Company Ltd. (Sinopec) for the construction of a new 350,000 metric tons per year high-density polyethylene plant. The new loop […]