Iranian Oil Minister Bijan Zangeneh urged petrochemical plants and complexes to supply the downstream industries with the necessary raw materials for manufacturing products used for equipment and systems needed for containing the COVID-19 outbreak. “All petrochemical companies whose products are used as raw materials for the production of consumer goods …
Read More »COVID-19 could Cost Ethanol Industry $10 Billion
The COVID-19 crisis has led to more than $3.4 billion in lost revenues for the U.S. ethanol industry, according to an economic analysis released by the Renewable Fuels Association. Based on the latest projections from the Energy Information Administration and the Food and Agriculture Policy Research Institute, the RFA study …
Read More »BP Agrees to Sell Petrochemicals Business to INEOS in $5bn Deal
The sale is the energy giant’s next strategic step in reinventing BP and helping it become a lower carbon company.
Read More »Iran’s Annual Propylene Production to Reach 3mln Tons
Iran planned to speed up implementation of petrochemical projects with the aim of increasing the capacity of propylene- colorless gas- production to three million tons in a year, said an official of the Oil Ministry on Sunday. Deputy Oil Minister Behzad Mohammadi made the remarks according to a report by …
Read More »Iran eyes 100mn-Ton Petchem Output till March 2021
Iranian Oil Minister Bijan Namdar Zanganeh said the country’s petrochemical production capacity is planned to cross 100 million tons per year by the end of the current fiscal (March 2021). Speaking to local radio, Zanganeh underlined the most important plans of his ministry this year, saying, “We must all take …
Read More »Farabi Petchem Co. Ready to Enter Storage Industry
Iran’s Farabi Petrochemical Company is now capable of running storage tanks in the country.
Read More »Production of Extruder Blade Localized at Jam Polypropylene Plant
Experts at Iran’s Jam Polypropylene Plant have successfully localized manufacturing of an important part of an extruder machine.
Read More »Iran March-May Petchem Output up 6% Y/Y
The director of production control at the National Petrochemical Company said: From the beginning of this [calendar] year (March 20) to May 10, the country’s petrochemical complexes achieved a 6% increase in production compared to the same period last year. According to NPC, Seyed Jalal Mir Hashemi, referring to the …
Read More »Saudi Aramco Says Acquisition of SABIC Stake on Track to Close in Second Quarter
Saudi Aramco said on Tuesday its planned acquisition of a 70% equity stake in petrochemical maker SABIC from the Public Investment Fund (PIF), the kingdom’s wealth fund, is on track to close in the second quarter. The statement by the state oil giant was made in response to a Reuters …
Read More »China’s Largest Petrochemical Port is Now Operational
The 338,371 cbm tanker was welcomed at the new 300,000-tonne crude oil terminal of Sinopec Zhongke Refinery Port, which forms part of the company’s “front terminal, rear plant” production model. Housed 1,100 metres from Sinopec’s refinery plant, the petrochemical port features eight terminals including a 300,000-tonne crude oil berth, 100,000-tonne …
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