Archives :: Markets :: Basic Chemicals :: Petrochemicals :: Methanol
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April 16, 2015
Celanese and Mitsui & Co. today announced that they are planning a potential methanol joint venture to be located at Celanese’s facility at Bishop, TX. Celanese says it has filed for air permits, and that a final decision to build the plant, which would have a capacity of 1.3 million m.t./year, will consider prevailing methanol market conditions and construction costs, among other factors....
April 13, 2015Mitsubishi Gas Chemical (MGC), Mitsubishi Corp. (MC), and Mitsubishi Heavy Industries (MHI) announced today that they have signed an agreement with state-owned National Gas Company of...
April 6, 2015Gulf Petrochemical Industries Co.'s (GPIC; Manama, Bahrain) production increased 4% in the first quarter despite declines in oil and gas prices, the company says. GPIC produced...
March 31, 2015Sinopec Engineering Group (SEG) and ExxonMobil Research and Engineering (EMRE) have signed a joint-venture agreement to develop methanol-to-gasoline technology, SEG says. EMRE and SEG...
March 22, 2015Gulf Petrochemical Industries Co. (GPIC; Manama), a joint venture among National Oil & Gas Authority of Bahrain, Sabic, and Petrochemical Industries Co. (Kuwait City), today...
March 19, 2015OCI Partners (Nederland, TX) says lower methanol prices, higher natural gas prices, and a lower methanol production rate pulled down fourth-quarter results versus the year-ago period. Net income for the fourth quarter totaled $31 million, down 37% year-over-year (YOY) from $49 million. Revenues fell 12% YOY, to $99 million....
March 10, 2015Valero Energy (San Antonio), the largest independent refiner in the United States, has not included a previously announced methanol project in Louisiana in the company’s capital...
March 1, 2015Iran is making good progress with construction of what it says will be the world’s largest methanol plant. Mohammad Hassan Peyvandi, deputy head of the National Petrochemical Co...
February 16, 2015OCI N.V. (Amsterdam) announced today that it has formally commenced proceedings to demerge the company’s engineering and construction business from its fertilizer and chemicals...
February 11, 2015Industries Qatar, a shareholder in Qatar Fuels Additives (Qafac), has announced the official startup of a 145.5 million Qatari riyals ($40.0 million) carbon dioxide recovery facility...