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PROJECTS

Reliance secures credit facility of up to $550 million from Japan banks for petchem expansion program

1:40 PM MDT | April 23, 2014 | Francinia Protti-Alvarez

The Japan Bank for International Cooperation (JBIC; Tokyo) has extended a syndicated loan of up to $330 million to establish an export credit line with Reliance Industries, JBIC announced today. The credit line is cofinanced up to $220 million by a club of...


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Iran to commission four plants, resumes petchem exports to Europe

Iran plans to bring onstream four petrochemical plants during the current Iranian calendar year, which began 21 March. Abbas She’ri Moghaddam, Iran’s deputy oil minister/petrochemicals, says that completing the projects already underway and the...

ICL to invest in major expansion of polyhalite potash capacity in the UK

Israel Chemicals Ltd. (ICL; Tel Aviv) said today that ICL Fertilizers’ subsidiary, Cleveland Potash Ltd. (CPL), will expand its polyhalite mining capacity at its Boulby mine in the northeast of the United Kingdom. ICL markets under the polysulfate name...

Enterprise to build ethane export terminal on Texas Gulf Coast

Enterprise Products Partners (Enterprise; Houston) is building a fully refrigerated ethane export terminal on the Texas Gulf Coast, the company announced on 22 April. Enterprise expects the facility, which will be able to load up to 240,000 bbl of ethane per day, to begin operations in the third quarter of 2016....

British Airways and US firm join forces in waste-to-jet fuel project

Solena Fuels (Washington), in partnership with British Airways, has committed to building the world’s first facility to convert landfill waste into jet fuel, British Airways says. The chosen location for the project is the Thames Enterprise Park, part...

BASF to boost photoinitiator production in Italy

BASF will boost its photoinitiator production and efficiency at Mortara, Italy, through investments in its facilities there, the company announced today. The site is one of the largest in the world for the production of photoinitiators, the company says. BASF...

Start-up to build polymer plant based on used plastics in the Netherlands

Quality Circular Polymers (QCP; Urmond, Netherlands), an initiative of Huub Meessen and Marc Houtermans—entrepreneurs with extensive experience in petrochemicals—will invest €75 million ($103.6 million) to build a circular polymer plant at...

Verdezyne completes biobased monomer production

Verdezyne (Carlsbad, CA), an industrial biotechnology company, announced today that it has completed production of over one m.t. of biobased dodecanedioic acid (DDDA) using its proprietary yeast platform and downstream process. The company worked with the...

Indian Farmers Fertiliser Co. advances $1.6-billion Quebec urea complex

Indian Farmers Fertiliser Cooperative (Iffco) Canada (Montreal), the Canada arm of an Indian fertilizer distributor, announced today that the government of Quebec has authorized the company to move forward with the proposed fertilizer plant at...

Sri Lankan company to establish textile chemical plant

Sri Lanka's Board of Investment (BOI; Colombo) has signed an agreement with S&D Associates (Colombo), to establish a textile chemical plant under the name S&D Chemicals, the Sri Lankan government's official news site says. The plant is to be located...

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