CB&I Chairman and CEO Philip K. Asherman, May 23, 2014 in The Woodlands, TX. (Eric Kayne/For the Chronicle)

CB&I signs on to do early engineering for Louisiana chemical plant

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South Korea’s Lotte Chemical Corp. and Atlanta-based Axiall Corp. finalized the agreements in June on their LACC joint venture to build an ethane cracker plant in Lake Charles, Louisiana. The cracker would make ethylene, which is the primary building block of most plastics. The plant would produce about 1 million metric tons of ethylene a year.
(Daniel Acker/Bloomberg)

Engineering firm director: Industry is “living in the past”

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A Petrochemical Update report with the American Petroleum Institute noted more than 70 percent of U.S. capital projects since 2002 have failed to meet all of their performance goals.
(Jordan Blum/Houston Chronicle)

Getting a glimpse of Exxon Mobil’s new campus

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The complex resembles a modern college campus with plenty of landscaping, about 20 buildings, three large parking garages, a wellness center and more.
LyondellBasell CEO Bob Patel poses for a portrait at the LyondellBasell Channelview Chemical Company plant Friday, Aug. 21, 2015, in Channelview. 
 ( James Nielsen / Houston Chronicle )

LyondellBasell looking at Texas sites for new chemical plant

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Speaking at the company’s sprawling Channelview complex where LyondellBasell will start up 250 million pounds of new ethylene capacity near the end of September, Patel said an announcement likely will come later this year on adding more production of polyethylene, which is the most common type of plastic.
(Eric Kayne/Houston Chronicle)

LyondellBasell sells its Argentina business

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The Petroken Petroquimica Ensenada business that LyondellBasell is unloading is one of the largest polypropylene producers in Argentina with a 180-kiloton plant in the country.
Operator Tim Mouton inspects polymer pellets for quality at the LyondellBasell Bayport Polymers Plant, Monday, October 11, 2010 in Pasadena, TX. (Eric Smith/Houston Chronicle)

Extended low oil prices could slow U.S. petrochemical renaissance

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The bountiful ethane that comes from natural gas liquids and U.S. shale production would become more scarce, according to the IHS report. Ethane is used to make ethylene, which which is the main building block for plastics.
CVR Energy was named to the Chronicle 100 list of leading companies. CVR s Coffeyville operations, both the refinery and the fertilizer plant.  (Houston Chronicle)

CVR Partners makes $533 million buy to grow as fertilizer giant

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The deal will exclude Los Angeles-based Rentech’s plant in Pasadena, Texas, which is touted as the largest producer of synthetic granulated ammonium sulfate fertilizer in North America.
LyondellBasell saw a 13 percent boost in second quarter profits thanks to continued access to cheap natural gas and natural gas liquids.

LyondellBasell to acquire Indian chemical manufacturer

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LyondellBasell, which is operated out of Houston, announced early Monday that it entered into a definitive agreement to buy SJS Plastiblends PVT based in Maharashta, India. The terms of the deal were not disclosed in the announcement.
Furmanite service technicians install a custom-engineered leak sealing enclosure to prevent their client from having to shut down a process unit. (Furmanite)

New Furmanite chairman named after proxy fight

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Jeffery G. Davis, retired CEO of the Brock Group, was unanimously named executive chairman after he recently joined the board as a part of the proxy battle settlement. The former chairman resigned earlier this year and CEO Joseph Milliron had served as the interim chair.
Exxon Mobil's Beaumont refinery (Jake Daniels/The Enterprise)

Exxon to boost Beaumont refinery output by 20,000 barrels

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Exxon Mobil said the addition of another 20,000 barrels per day of capacity would be geared toward processing the types of lighter crude oils that are flowing from Texas’ and North Dakota’s shale wells.