Industry: Oil & Gas

Polyolefin producers announce first-quarter earnings Dow Chemical Dow Chemical Company reported total sales of $11.7 billion for the first quarter of 2005. The sales were 25% higher compared to the first quarter of 2004. Net income climbed to $1.4 billion from $469 million in the first quarter of last year and earnings per share were […]

Qatar Petrochemical to Increase LDPE Production Qatar Petrochemical Company (QAPCO) plans to boost the production of low-density polyethylene and ethylene by initiating a major de-bottlenecking. Currently, QAPCO is the largest producer of low-density Polyethylene (LDPE) in the Middle East with an annual capacity of 360,000MT. The company is also stepping up its annual ethylene production […]

Chemical Market Resources Inc. moves to a new home Chemical Market Resources Inc., moved to a new home on March 25, 2005. The premium market research firm and the publisher of this news analysis moved its offices from Nasa Parkway to Blossom Street. The new address and phone number for Chemical Market Resources Inc. are […]

Basell to acquire Repsol YPF’s position in Argentine PP joint venture Petroken Basell announced its plans to assume ownership of the 50% portion of Argentina’s Petroken Petroquimica Ensenada that is currently held by its partner in the joint venture, Repsol YPF. Petroken operates a 180 KT per year polypropylene plant, a 20 KT per year […]

Tasnee Petrochemicals and Basell to build an integrated polyethylene complex in Saudi Arabia National Petrochemical Industrialization Company (also known as Tasnee Petrochemicals) and Basell have signed an agreement with respect to building a new integrated polyethylene complex at Al-Jubail Industrial City in Saudi Arabia. The complex will consist of a gas cracker and two 400 […]

Sumitomo Chemical to convert LLDPE plant to polypropylene plant in Singapore The Polyolefin Company (Singapore) Ltd. (“TPC”), a subsidiary of Sumitomo Chemical Co., Ltd., announced its plans to convert its linear low-density polyethylene (LLDPE) plant to polypropylene production. The new plant’s production capacity will be 200,000 metric tons/year. Construction is scheduled to be completed in […]

Chemicals & polyolefins producers and other companies report positive fourth-quarter earnings Dow Chemical Dow Chemical announced its fourth-quarter earnings. The company had a total sales for the fourth quarter of 2004 of $10.9 billion, up 31% compared to 4Q 2003. Overall 2004 sales increased to $40.2 billion, 23% higher than in 2003 and a new […]

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 […]

Indian Oil Corporation selects NOVA Chemicals’ SCLAIRTECH™ technology for LLDPE/HDPE Swing plant in India NOVA Chemicals announced its proprietary SCLAIRTECH™ technology has been selected by Indian Oil Corporation Limited (IOCL) for a new linear-low density/high-density polyethylene (LLDPE/HDPE) plant in India. Scheduled for completion in the third quarter of 2007, the facility is designed to produce […]

Polyolefin producers report third-quarter earnings Dow Chemical Company Dow Chemical announced third-quarter sales of more than $10 billion. The sales for the quarter were the highest for the first time in Dow’s history, up 26% from the same period last year, reflecting a 19 percent increase in price and a 7% increase in volume. Net […]