Category: Chemicals
The German chemical company BASF SE has reportedly announced that it has inked a Memorandum of Understanding (MoU) with a Chinese Petroleum & Chemical firm Sinopec Corporation to construct a steam cracker in the eastern region of China. Reports cite, the latest deal is the …
Exxon Mobil Corporation has reportedly commenced the groundwork at its Texas refinery which is slated to become the biggest in the United States. As per trusted sources, the move comes ahead of a final investment decision on expanding the facility. Reportedly, the firm has further …
China’s third-largest national oil company China National Offshore Oil Corporation (CNOOC) has reportedly announced to have inked a memorandum of understanding (MOU) with Shell International Petroleum Company Ltd. As per trusted sources, the MoU aims to develop petrochemical manufacturing facilities and explore the existing collaboration …
Australia’s mining services and processing company, Mineral Resources Ltd. (MRL) has reportedly entered into a binding agreement with BCI Minerals Limited to acquire the Kumina Iron Ore Project for $35 million. Sources claim that Mineral Resources snared the Kumina project as it would enable the …
Lupin Limited, a renowned Mumbai-based transnational pharmaceutical company, has reportedly announced that it plans to grow its Brazilian operation into a major manufacturing and export hub in the Latin American region. Reports cite, most of Brazil’s neighboring nations already recognize the approvals of the Brazilian …
U.S. technical service company, Jacobs Engineering Group, has recently decided to sell its resources, chemicals and energy business to Australia’s engineering firm, WorleyParsons Ltd. for over $3.3 billion, a deal that would double the size of the WorleyParsons’ current engineering operations. According to The West Australian, …
Turkmenistan has reportedly set the ball rolling for an all-new chemicals plant, for an apparent valuation of over USD 3 billion. According to authentic reports, the construction of the chemicals plant seems to be a conjoined effort, with Japan’s procurement and construction firm TOYO Engineering …
ExxonMobil Catalysts and Licensing LLC and BASF Corporation are reportedly conducting an extensive commercial demonstration of a new gas treating solvent at Imperial Oil refinery in Sarnia. As per trusted sources, the companies collectively developed the latest amine-based solvent focused at matching stern sulfur emissions …