Industry: Oil & Gas

U.S. natural gas surplus fosters niche LNG supply to Caribbean/Latin America via novel logistics, reflecting broader market impacts.

AMERICAS  ExxonMobil Chemical divests its stake in Univation Technologies ExxonMobil Chemical has divested its stake in Univation Technologies, a PE licensing joint venture with Dow Chemical. Univation Technologies will become a wholly-owned subsidiary of Dow Chemical. The transaction is expected to close by the end of 2014 and is subject to regulatory approval. Comments: Univation […]

At the 2014 Natural Gas Utilization Conference, ADI Analytics provided insights on natural gas utilization, specifically focusing on small-scale methanol technologies. They highlighted that converting natural gas to methanol presents a significant opportunity due to current commodity prices and the mature nature of large-scale conversion processes. Companies are actively responding to this opportunity, announcing several […]

AMERICAS  Borealis to expand in South America Borealis is expanding its activity in its plant at Itatiba, Brazil. The expansion project includes the construction of two PP compounding extruders, besides the improvement of plant facilities. All the improvements along with the expanded PP compounding extruders are expected to be online by the fourth quarter of […]

AMERICAS  Sinopec licenses PP technology to US plant Sinopec will be licensing its gas-phase PP continuous pre-polymerization technology to Formosa Plastics in the USA. The technology has been licensed to four plants in China and this is the first license in the USA. Comments: Sinopec having licensed its PP technology to Formosa in the US, […]

Uday Turaga of ADI Analytics was quoted in Bloomberg’s story on Apache’s exit from the proposed LNG export terminal in western Canada.  Based on deep expertise gained through numerous consulting engagements across various aspects of the LNG market, Turaga commented on Chevron – the other partner in Kitimat LNG – and its ability to find […]

AMERICAS  Mexichem acquires HDPE pipe and conduit producer  Mexichem will be acquiring Dura-Line for about USD 630 million. Dura-Line manufactures HDPE conduit, duct, and pressure-pipe products for telecom and data communications, energy, and infrastructure industries. Comments: Dura-Line is one of the largest plastic pipe manufacturers in the US. The company has a wide regional presence […]

AMERICAS  Formosa Plastics obtains EPA permits for new plants  Formosa Plastics Corp. has obtained greenhouse gas prevention of significant deterioration (GHG-PSD) permits from EPA for the construction of 1,600 KTA ethane cracker, 660 KTA PDH unit and a 570 KTA LDPE plant at its site in Point Comfort, TX. Formosa Plastics expects to bring the […]

AMERICAS  CB&I to market Versalis’ LDPE and EVA technologies in North America  Versalis and CB&I have signed an agreement through which CB&I will market and provide Engineering services for Versalis’ EVA and LDPE technology plants in North America. CB&I will offer both tubular and autoclave high-pressure processes. Comments: Versalis, a subsidiary of Italy-based Eni S.p.A, […]

Ben Franklin’s Shale Gas Innovation & Commercialization Center has announced the selection of ADI Analytics to study natural gas monetization via methanol, in particular the technical and economic viability of small to medium-sized plants in northeastern United States. In a press release issued by Ben Franklin’s SGICC, ADI Analytics’ Uday Turaga was quoted as below: […]

AMERICAS  CPChem to go ahead with alpha olefins expansion  CPChem plans to begin a 100 KT expansion of its normal alpha-olefins plant at Cedar Bayou in Texas. CPChem has obtained the approval of its board and the required environmental permits. Comments: The expansion of the alpha-olefins plant further reflects CPChem’s strategy to take advantage of […]

June 26, 2014 – ADI Analytics was quoted again in the media recently this time on the issue of crude oil exports.  The Australian Financial Review’s report of the U.S. Department of Energy’s company-specific approval of condensate exports from the Eagle Ford included comments from Uday Turaga, CEO of ADI Analytics.  An excerpt is provided […]