Tagged Petrochemical

Shell ethane cracker construction to start later this year

Royal Dutch Shell PLC is almost done with site preparation, design and engineering to begin construction late this year on its ethane “cracker” complex. The post Shell ethane cracker construction to start later this year appeared first on Shale Gas Reporter. Continue Reading: Shale Gas Reporter

India Complete’s World’s Biggest Cracker; M-U Gas to Feed It

India’s largest private sector company, Reliance Industries Limited (RIL), said yesterday the company has just commissioned the world’s largest and most complex ethane cracker plant, in India. And they did built it in record time–less than three years. MDN has covered RIL in the past–the company invests in Marcellus drilling (see our RIL stories here)….

Marcellus & Utica Shale Story Links: Wed, Apr 19, 2017

The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Lordstown OH project sparks nearly $1B investment in Mahoning Valley; putting Shell cracker project in perspective; EIA says natgas #1 source of electricity this summer; big oil embraces Silicon Valley; 60% of US LNG supplies will go…

Williams Sells Gulf Coast Cracker Plant to NOVA Chemicals

Midstream giant Williams has been on a mission to make the company economically stronger AND produce cash that can be used for various purposes. In August, Williams announced they would sell their Canadian assets for $1 billion (see Bold Move – Williams Selling Canadian Assets). In September, Williams announced another potential asset sale–the company’s 88.5%…

PA Petrochemical Manufacturing Growth Potential Is Staggering

Brittany Ramos Coordinator, External Affairs Cabot Oil & Gas    A new study out from HIS Markit shows that Pennsylvania has abundant opportunities in petrochemical manufacturing thanks to Marcellus and Utica Shale. Marcellus Shale Coalition shared this post with Well Said Cabot, regarding a recent report by IHS Markit regarding prospects for the petrochemical and manufacturing…

UTOPIA East Pipe Re-Routes Around OH Antis, Drops Eminent Domain

In January 2016, Kinder Morgan committed to building the UTOPIA (Utica To Ontario Pipeline Access) pipeline, a 12-inch ethane pipeline that will run ~240 miles across the state of Ohio where it will connect with another pipeline and (eventually) flow ethane all the way to a cracker plant in Canada (see Kinder Morgan Ready to…

Marcellus & Utica Shale Story Links: Fri, Apr 7, 2017

The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Why PA energy industry has not time to waste; cracker generating excitement in Beaver County; small ND town looks to create virtual natgas pipeline; ExxonKnew campaign tries to pedal more fake news; Cheniere will take all the…

More on Gas-Fired Elec Plant Coming to Center Port Terminal

A few weeks ago MDN reported on an upcoming meeting (to be held March 27) in Monroe County, OH to announce a new project to build a 485-megawatt Utica gas-fired electric plant (see Gas-Fired Plant (& Cracker?) Coming to Center Port Terminal in OH). The rumors circulating were that this plant may get built to power…

Big New Housing Complex Planned Near Shell Ethane Cracker

Positive economic signs continue to pop up with respect to Shell’s multi-billion dollar ethane cracker project in Beaver County, PA. Here’s the latest major economic impact from the project. A local developer has filed for a state grant to build a massive new housing project 2.5 miles from the cracker site. The new project calls…

Marcellus & Utica Shale Story Links: Mon, Apr 3, 2017

The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Ethane cracker coming to TX won’t stop PTT cracker in OH; Ohio court rules royalty interests may be abandoned under DMA; pipelines are the safer way to transport; Shale Summit touts positive impacts; Cheniere’s Sabine Pass Train…

Hyundai Engineering In $3.2B Petrochemical Project In Iran

South Korea’s Hyundai Engineering Co said on Monday that it had signed a deal worth US$3.2 billion with Iran’s Ahdaf Investment Company for the construction of the second phase of a petrochemical complex in Iran. “The project allowed us to spearhead into the Iranian construction market as a lead manager. We plan to do everything in our capacity to clinch additional projects in the future,” a spokesperson for Hyundai told The Korea Herald, which noted that the deal is the largest so far signed by a South Korean company in…

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Gulf Petrochem Group Selects AspectCTRM To Drive Growth

Gulf Petrochem Group, the UAE-based global oil and petrochemicals conglomerate, has today announced that it has selected cloud-based E/CTRM technology from Aspect to help drive future growth.The Group, valued at $2.5bn is active in oil trading, bunkering, manufacturing and refining, storage, shipping and logistics and related areas, and is a leading bunkering firm in the Gulf and ARA (Europe) regions. The company’s continuing success has meant it has effectively outgrown its previous CTRM platform and…

Source: RealWire

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$3.5bn Petroleum/Petrochem Specialist InterChem Closes Cloud CTRM Deal With Aspect

The independent global petroleum and petrochemicals trader, InterChem, has chosen the AspectCTRM cloud trade and risk management solution to support activities at its London, Rotterdam, Houston and Singapore offices. Based entirely in the cloud and not grounded around on-premises servers or networks, the AspectCTRM platform is perfectly positioned for companies working out of multiple locations.The InterChem deal comes at a time when traditional client-server CTRM vendors are consistently losing deals to more agile cloud vendors….

Source: RealWire

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