Industry: Oil & Gas

BP and Philips starts up HDPE Plant BP Solvay and Chevron Phillips Chemical have started up their joint 700-million lbs/year high density polyethylene (HDPE) plant at Cedar Bayou, TX. The new plant replaces three lines at Deer Park, TX which had a combined HDPE capacity of 260 million pounds per year. BP Solvay Polyethylene North […]

Exxon to sell Tonen stake in retreat from Japan Exxon Mobil plans to sell most of its 50 percent stake in Japanese refiner TonenGeneral Sekiyu KK and unload other assets in Japan in a roughly $5 billion deal, sources with knowledge of the matter said. The deal will mark a retreat from the world’s third-largest […]