Projects Analysis

ExxonMobil´s $5-billion Denbury purchase to speed up carbon capture and build ammonia business; company explores leveraging its upstream knowledge to enter lithium business

Aug 6, 2023

ExxonMobil will complete the Baytown chemical plant expansion, announced four years ago at a $2-billion projected cost, before the end of 2023 while the $5-billion purchase announced on July 13 of carbon capture and storage provider Denbury, that includes the...

Dow to produce plastic from corn-derived ethanol in a new partnership; Benzene market seen expanding at 3% annually until 2028

Jun 5, 2023

News Briefs

Polymers weakness leads Mexico-based Orbia to revenue decline in first quarter 2023; CPChem´s propylene splitting plant, hexene unit set to start in second half; Labor supply for U.S. manufacturing seen as tight in April

May 10, 2023

News Briefs

Rubber market may expand over 5% annually until 2027 led by automotive; U.S. rail traffic contracted in mid-April from year earlier, Canada sees rise; Rail industry adds sensors for safety

Apr 23, 2023

News Briefs

Canada methanol project canceled in first quarter 2023 amid lackluster demand

Apr 7, 2023

One of the biggest projects in terms of required investment promoted in recent years in Canada, the estimated C$4 billion Nauticol plant in the Alberta province, was canceled in February 2023 as demand for the commodity used as fuel, intermediate for other...

Canadian hydrochemolytic recycling technology developer reports advances in plans; Monoethylene glycol market seen expanding to $43 billion in 2027

Mar 21, 2023

News Briefs

Mexico-based Braskem Idesa sets up venture for new ethane terminal; Huntsman completes sale of dyes, pigment division to Archroma; Braskem runs at reduced rates in Brazil but steady in the U.S.

Mar 6, 2023

News Briefs

Environmental groups to sue Shell; Peru LPG Society consultant, Talara refinery manager take top energy roles in new Peru government; Orbia gets lithium technology; Texas plant certified to process pyrolysis oil

Feb 8, 2023

News Briefs

NOVA Chemicals completes polyethylene and cracker expansion in Ontario, Canada

Jan 9, 2023

NOVA Chemicals, with production assets in Canada and in Louisiana, and owned by Mubadala Investment Co. from Abu Dhabi, announced in late December 2022 the “mechanical completion” of expanded polyethylene and cracking capacity in Sarnia, Ontario, some 65...

Oil-rich Guyana builds entirely new downstream industry including refinery, power plant

Dec 20, 2022

The government of Guyana, that has seen within the past two decades an increase in per-capita income of over five times thanks to new hydrocarbon developments, announced in late 2022 that it has taken steps to develop a downstream oil and gas industry...

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