Category: Chemicals

Saudi-Dow Chemical moving forward on $20 billion plant

Saudi Arabia, the world’s largest crude exporter, started the petrochemical project in 2011 when oil averaged $111 a barrel.  More »

LyondellBasell’s fourth-quarter writedown drags down record year

Lyondell did not mention an industry-wide labor strike by United Steelworkers that sent union members picketing the company’s U.S. headquarters in downtown Houston.  More »

Suit seeks EPA decision on oil field chemical disclosure

Nine environmental groups sued to force the EPA to make a decision on a petition asking the agency to require oil and gas producers to disclose toxic chemical emissions.  More »

LyondellBasell names new CEO

Chemical company LyondellBasell Industries tapped Bhavesh V. “Bob” Patel, an executive vice president with the company, to serve as its new executive officer, the company announced Thursday morning.  More »

Shale boom spurs chemical industry expansion

The industry grew by 2 percent this year and is expected to swell further next year as advances in drilling and completion technologies unlock vast new supplies of hydrocarbons that chemical companies rely on to make products and fuel their plants.  More »

Petrochemical companies break ground on La Porte plastics expansion

The project begins amid worries that the plunging price of international crude may steal away some of the competitive advantage of cheap domestic gas fueling a petrochemical building spree.  More »

U.S. has enough shale gas for petrochemical expansions

Gas prices collapsed two years ago had have remained low since, prompting some drillers to turn their focus to more lucrative regions rich in oil and other liquids.  More »

Oil prices not hitting petrochemical plant expansions

The same drilling bonanza that bestowed the chemical industry with cheap feedstock also flooded the world market with oil and gas at a time when the global demand for such products has started to flatten.  More »

Huntsman to cut 900 jobs mostly in Europe

The company announced the restructuring Monday, two months after it completed a $1 billion purchase of titanium dioxide and other assets from New Jersey-based Rockwood Holdings.  More »

Petrochemical construction boom fueling demand for Houston workers

More than 120 petrochemical plants worth $80 billion are slated for construction, or scheduled to open, within the coming years, stoking concerns about a shortage of skilled employees to build and operate the plants once they come online.  More »

Dow Chemical to sell off even more assets

Dow Chemical executives on Wednesday announced plans to sell off even more assets in the next two years, continuing a push to streamline operations and pull back from products that no longer fit within the company’s business strategy.  More »

Judge approves $5.15 billion Anadarko environmental settlement

The settlement is the largest environmental enforcement payment in U.S. history.  More »

Chevron Phillips Chemical eyes another expansion in Baytown

The company is already building a $6 billion expansion at the same Cedar Bayou plant.  More »

Westlake Chemical plans $330 million ethylene expansion

Construction will generate about 1,000 jobs at its peak, the company said.  More »

Sasol approves plan for $8.1 billion ethane cracker near Lake Charles

The project is driven by the abundance of low-cost ethane and natural gas in the U.S., which has prompted many chemical makers to beef up their U.S. facilities.  More »
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