Posts Tagged ‘greenfield project’

One Day – One Country: China

China Key projects and business highlights 2014  If China growth domestic product (GDP) slowed down these last years, it remains twice higher than world average and it maintains its top position as the country with the largest energy consumption. In 2014, China is passing USA to become the world largest […]

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Oriental Energy extends cooperation with UOP-Honeywell in China

Ningbo Fortune selects UOP technology for propylene As an Oriental Energy Corporation Ltd (Oriental Energy) company, Ningbo Fortune Petrochemical Corporation Ltd (Ningbo Fortune) selected the US-based UOP-Honeywell technology for a greenfield project to produce propylene at the port of Ningbo, in the Zhejiang Province, China. Previously named Zhangjiagang Oriental Energy, […]

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Lanxess in brief

Energizing Chemistry Lanxess AG (Lanxess) is a young company founded in 2005 with 150 years of history in the chemical industry as the result of Bayer strategic spin off of plastics and synthetic rubber assets. Still home-based with Bayer in Leverkusen, Germany, will relocate headquarters next door in Cologne,  in […]

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Huntsman in brief

Enriching lives through innovation With Headquarters in The Woodlands, on the north of Houston, Texas, USA, Huntsman is a chemical company listed in the New York Stock Exchange and operating 75 production units in 30 countries with about 12,000 employees.  Jon Huntsman established the Huntsman Container Corporation in 1970 in […]

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SAAC, Kayan and Sadara to decide soon on Jubail n-Butanol

SAAC leads partners to award $500 million NBA EPC Saudi Acrylic Acid Co (SAAC) and its partners, Saudi Kayan Petrochemical (Saudi Kayan) and Sadara, are reaching the last stage of the bids clarifications submitted by the engineering companies for the n-butanol (NBA) project planned in Al Jubail Industrial City. This n-Butanol plant is a greenfield project […]

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BP scales up to $24 billion tight gas Oman Full Field Development

BP to develop Khazzan and Makarem in phase 1 BP revised significantly upward its capital expenditure in Oman Full Field Development project from $15 billion to $24 billion. Discovered in the 1990s, the huge reserves of natural gas in Center Oman have been left undeveloped because of the complexity and […]

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Conceptual Study

Definition Conceptual Study stands in the oil and gas and petrochemical industry at the very early stage of a greenfield project to identify all the possibilities and conditions to develop this project. Comments During the conceptual study, the engineers will: – Investigate the multiple technologies to be used – Evaluate the […]

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Dow and Saudi Aramco continue to award Sadara packages

$20 billion Sadara project takes momentum in Al Jubail With 26 major production units, The Dow Chemical (Dow) and the Saudi National Oil Company Saudi Aramco are building up the world’s largest integrated petrochemical complex in Al Jubail Industrial City, in Al Sharqiya, 100 kilometers northwest Dammam in Saudi Arabia. Dow and […]

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“IPP”

Definition IPP is the acronym of Independent Power Project. IPP may also be used for Independent power Producer. In both cases IPP refers to non-public utility company investing or operating power generation facilities. Comments Until the years 1980s, the power generation facilities were mostly run by public entities in each country […]

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“BOT”

Definition BOT is the acronym of Build-Own-Transfer or Build-Operate-Transfer. BOT is a business term which defines a specific three stages contract for greenfield projects. Comments Usually an end user willing to build a new plant from greenfield goes along the investment decision process until the final investment decision (FID). Assuming that […]

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