SINOMACH and CPC to build first Cambodia refinery On December 28th 2012, China Perfect Machinery Industry Corp (SINOMACH) and Cambodia Petrochemical Corporation (CPC) made the final investment decision (FID) to build the first crude oil refinery in the Kampong Som Petrochemical Industrial Zone along the southern coast in Cambodia. This (more…)
Read moreSibur kicks off Russian largest petrochemical complex If Russia is among the biggest producer and exporter of oil and gas, Russia is also a net importer of petrochemical products. In the same way as Russia has multiplied strategic alliances with western companies, such as ExxonMobil, Statoil, ENI, Total to boost its (more…)
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10
Jul
2012
“Methanol”
Definition Methanol is the contraction of Methyl Alcohol. Methanol may also be called, wood alcohol or wood spirit because it can be produced as a by-product of the wood distillation. Methanol is a light, colorless, flammable liquid at room temperature, and contains less carbon and more hydrogen than any other liquid (more…)
Read moreIraq and Chevron Phillips signed a Letter of Intent Iraq and Chevron Phillips Chemical Corp, a joint venture of Chevron Corp and ConocoPhillips, signed a letter of intent to perform a project feasibility study of developing a petrochemical plant in the country. The company would examine building a new facility and (more…)
Read moreKNPC to pre-qualify EPCs for CFP and NRP projects Expected on June 13th, the state-owned oil refiner Kuwait National Petroleum Co (KNPC) has decided to postpone to July 4th the dead line for the engineering companies to submit their expression of interest (EOI) for the calls for tenders to be issued for the (more…)
Read moreTakreer moves on with $10 billion Ruwais Refinery expansion The Abu Dhabi Oil Refinery Company (Takreer) is moving on with its Ruwais refinery expansion in UAE. This refinery expansion will add a capacity of 400,000 b/d crude oil to the actual 417,000 b/d. The Capital expenditure is estimated around $10 billion The refining units should have the following capacities: - 59,800 (more…)
Read moreTwo leaders build energy Market Leadership with coal gasification Shenua Group (Shenua), from China, and GE, from USA, create the new GE Shenhua Gasification Technology Company Ltd., a 50-50 joint venture (JV) with Headquarter located in Shanghai, China. The firm will sell industrial gasification technology licenses in China, conduct research to improve cost and performance. The company has registered capital of $6 million. Patents and proceeds obtained by the joint venture will be shared evenly. The cooperation is also part of Sino-US joint efforts to develop clean energy, and gasification is a crucial component of that goal. China and USA hold respectively (more…)
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21
May
2012
“ASU”
Definition ASU is the acronym of Air Separation Unit and refers to the Air separation plant to produce industrial gases Air separation plants produce oxygen, nitrogen and argon from atmospheric air, normally by one of three processes: - Non-cryogenic plants produce oxygen or nitrogen gas product from compressed air at (more…)
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17
May
2012
Natural Gas
Definition Natural gas in a natural mixture of hydrocarbon gas, mainly methane or ethane plus other hydrocarbon gas and impurities such as sulfides, carbon dioxide and water. Natural gas is a fossil fuel found in natural underground rock formations and mostly in combination with other hydrocarbon resources such as coal (more…)
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