Category: Chemicals

LyondellBasell’s CEO announces retirement

Jim Gallogly, the CEO who helped haul struggling chemical company LyondellBasell out of bankruptcy, will retire early next year, the company announced Monday.  More »

Saudi Aramco a “force to be reckoned with” in chemical industry

Seven years after the state-owned oil company of the world’s leading crude producing country began its march into petrochemicals, Saudi Aramco now stands to become a key player in global chemicals production, according to a new study by Houston-based energy analysts IHS.  More »

LyondellBasell may expand Channelview plant

The international chemical giant, operated out of Houston, announced Wednesday that it is evaluating an expansion project to potentially boost the Channelview plant’s ethylene capacity by 550 million pounds per year.  More »

Shell Oil, Motiva to pay $4.5 million in back wages to nearly 2,700 workers

Shell Oil Co. and Motiva Enterprises have agreed to pay nearly $4.5 million in overtime back wages to 2,677 current and former chemical and refinery employees after federal regulators found violations of federal labor law.  More »

Occidental agrees to $190 million settlement with New Jersey

Occidental Petroleum Corp.’s chemical subsidiary has agreed to pay New Jersey $190 million to resolve liability stemming from damages to the Passaic River, the state’s attorney general announced Monday.  More »

Shale boom boosts diverse group of refining, LNG, petrochemical interests

Unlike the first wave of investment, which gave the biggest boost to smaller independent oil companies that got an early start in shale plays, the manufacturing resurgence will involve a diverse set of players, including chemical giants like Dow Chemical and LyondellBasell, which are planning to expand their capacity along the Gulf Coast, and midstream companies hoping to export LNG, according to a report by the Deloitte Center for Energy Solutions  More »

Chevron Phillips Chemical sells manufacturing unit for $220 million

Chevron Phillips Chemical Co. is selling its polymer manufacturing business for $220 million.  More »

Regulators OK Formosa chemical expansion in Point Comfort

Federal and state regulators have cleared the way for Formosa Plastics Corp. to begin construction on a $2 billion expansion of its petrochemical complex in Point Comfort.  More »

Growing Chinese appetite ignites U.S. methanol renaissance

The North American methanol market has accelerated rapidly in recent years as the Chinese throw their money behind new projects to expand North America’s capacity to produce methanol.  More »

Exxon Mobil touts chemical plant expansion

Exxon Mobil Corp. officially launched its already underway Baytown Chemical plant expansion at an event Friday afternoon. Across the street from the event, workers were driving piles and shoring up the foundation for construction.  More »

Saudi Aramco invests $30 million in methane-to-gasoline startup

Siluria Technologies has received $100 million investment in its effort to develop a more efficient process for making gasoline from methane–the main component of natural gas, which is so plentiful in the United States now that some is burned off in flares because it isn’t marketable.  More »

Texas City contends for $4.5 billion methanol plant

Texas City is in the running for a $4.5 billion methanol plant that would expand its already sprawling industrial landscape.  More »
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