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petrochemicals

Qatar complex “no longer feasible”

A proposed world-scale petrochemicals complex in Qatar has been shelved after Qatar Petroleum (QP) and Shell decided that it was no longer commercially viable.

Indorama Ventures invests further in Turkey

Thailand-based petrochemical producer Indorama Ventures PCL has reached an agreement with Polyplex Europa Polyester Film San ve Ticaret. A.S., a subsidiary of Polyplex PCL, to purchase a new PET resin plant close to Istanbul, Turkey.

Total’s catalyst for packaging growth

Petrochemical firm Total has expanded its non-phthalate catalysed polypropylene product range to cover all conversion technologies and market segments.

Sasol secures financing for ethane cracker

Sasol Limited has announced the completion of a US$4 billion credit facility for an ethane cracker and derivatives at its existing site in Lake Charles, Louisiana, USA.

Saudi giant capitalises on geography

Saudi Arabia's state-owned oil and gas company Saudi Aramco is scheduled to complete its Sadara petrochemicals project - a US$20 billion joint venture with Dow Chemical - by 2016 as it continues to grow its presence in chemicals and capitalise on regional feedstock advantages.

Record profit for Borealis

Stronger margins in the polyolefins business helped contribute to a record net profit of €143 million ($191m) in Borealis' second quarter results for 2014. This compared to €83m ($111m) in the same quarter of 2013.

Borealis does deal for Belgian firm

Polyolefins producer Borealis has signed an agreement with DuPont Holding Netherlands to purchase the company's 67 per cent shareholding in Belgium firm Speciality Polymers Antwerp.

INEOS to own Styrolution outright

Petrochemical producer INEOS has agreed to acquire BASF's 50 per cent share in Styrolution, a styrenics joint venture between the companies, for €1.1 billion (US$1.5bn).

Corn oil expansion in Saudi

Saudi Arabian corn oil brand Mazola is expanding plant capacity by 400 per cent, according to national reports.

Advanced packaging JV signed

SABIC and the Korean petrochemical company, SK Global Chemical, have signed a 50-50 joint venture agreement in Seoul, South Korea - for a total investment of US$595 million - to manufacture a range of high-performance polyethylene products using SK’s Nexlene solution technology.