IHS Chemical Week

Sabic Signs Feedstock Storage Agreement with Oiltanking Stolthaven

7:15 AM MDT | October 5, 2010 | Natasha Alperowicz

Sabic says it has signed a long-term agreement with Oiltanking Stolthaven Antwerp covering storage services. The contract, signed yesterday at the European Petrochemical Association meeting in Budapest, will go into effect in 2013. It will ensure an...

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Vopak sells terminals in Finland to Oiltanking

Vopak has sold its Vopak Chemicals Logistics Finland subsidiary to a wholly owned subsidiary of Oiltanking (Hamburg). The net cash proceeds, based on the debt-free enterprise value of Vopak Chemicals Logistics Finland, amounts to approximately €43...

Vopak receives nonbinding offer for its UK assets

Vopak has received a nonbinding offer for all of its UK assets, the company announced Monday. Vopak has also confirmed that, based on this interest, exploratory meetings are currently taking place. The company has not indicated who has put forward the offer...

Lower fuel costs buoy Stolt-Nielsen's second-quarter profit

Stolt-Nielsen says that its net profits increased to $42.5 million in the second quarter from $30.8 million in the corresponding period of last year, on revenue of $500.7 million, down from $543.4 million. Stolt's operating profit increased year-on-year (YOY)...

Mitsubishi Heavy Industries to start building LNG tanks for Indian Oil in July

Mitsubishi Heavy Industries will start building two liquefied natural gas (LNG) tanks for Indian Oil Corp. (New Delhi) in July on the east coast of India, Mitsubishi announced Monday. The two 180,000-cubic meter tanks are scheduled to be completed in the...

PTT Global Chemical acquires 50% stake in PTT Polymer Logistics

PTT Global Chemical (PTTGC; Bangkok) on Friday informed the Stock Exchange of Thailand that the board of directors of parent PTT has approved the acquisition by PTTGC of a 50% stake in PTT Polymer Logistics Co., a wholly owned subsidiary of PTT, for a total...

Shell-Vopak JV puts land up for sale at former refinery site in UK

Greenergy (London), Shell, and Vopak have put 403 acres of land up for sale at Coryton, UK., beside the river Thames. The land formed part of the former Coryton refinery site, which the companies jointly acquired in 2012. "Vopak and its partners have...

Singapore's TPSC awards supply chain management contract to Suttons

Polystyrene manufacturer TPSC Asia Pte (Singapore) has awarded Suttons (Cheshire, UK) a supply chain management contract, Suttons announced today.  Under the contract Suttons will take control of the management of all logistics activities including...

Singapore firm opens latest phases of terminal expansion

PSA Singapore Terminals says it has officially opened the phase-3 and -4 expansion of the company's Pasir Panjang terminal. The 3.5-billion Singapore dollar expansion, “with almost 6,000 meters of quay length and up to 18 meters draft, is specifically...

Trafigura signs deal to use excess LNG storage capacity at Jurong Island

Trading company Trafigura (Lucerne, Switzerland) plans to use excess storage capacity at Singapore’s first liquefied natural gas (LNG) terminal, located at Jurong Island, the company announced today. The company signed an agreement with Singapore LNG...

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