Chemicals Commodity Chemicals

  • MEXICO CITY, Oct 17- Mexico's incoming government will soon inherit a costly dilemma over an ethane supply contract between national oil company Pemex and a consortium led by a unit of Brazilian builder Odebrecht. The plant is operated by the consortium in which Odebrecht's unit Braskem has a 70 percent stake and Mexico's Grupo Idesa holds the remainder.

  • GROUNDBIRCH, British Columbia, Oct 16- At a massive natural gas field in northern British Columbia, Royal Dutch Shell Plc is using new technologies and processes to cut emissions to address public and environmental group concerns that Canada's nascent liquefied natural gas export industry could be a climate time bomb. The Groundbirch project, perched above...

  • NEW DELHI, Oct 16- India's Mangalore Refinery and Petrochemicals Ltd expects India to get a waiver from U.S. sanctions on Iranian oil exports this month, a company official said on Tuesday. The United States plans to impose new sanctions targeting Iran's oil sector on Nov. 4 to try to stop the country's involvement in conflicts in Syria and Iraq and bring Tehran to...

  • *China, India and emerging economies to drive demand- IEA. LONDON, Oct 5- Plastics and other petrochemical products will drive global oil demand to 2050, offsetting slower consumption of motor fuel, the International Energy Agency said on Friday. Despite government efforts to cut pollution and carbon emissions from oil and gas, the Paris- based agency said it...

  • NEW DELHI, Sept 25- India has for the first time allowed state refiners to buy 35 percent of their oil imports in tankers arranged by the seller, a document reviewed by Reuters showed, enabling them to swiftly tap cheaper cargoes. India had previously allowed state-refiners to buy only 15.48 percent of their estimated 118.15 million tonnes of oil imports in the...

  • PARIS, Sept 25- French oil and gas major Total has made a final investment decision to expand its Texas Bayport Polymers joint venture to double polyethylene production capacity to around 1.1 million tonnes a year, the company said. Total said it aimed to become a major player in the U.S. polyethylene market when it announced the joint venture in March 2017 with...

  • PARIS, Sept 25- French oil and gas major Total has made a final investment decision to expand its Texas Bayport Polymers joint venture to double polyethylene production capacity to around 1.1 million tonnes a year, the company said. Total said it aimed to become a major player in the U.S. polyethylene market when it announced the joint venture in March 2017 with...

  • SINGAPORE, Sept 25- The marine construction unit of the state-owned China Communications Construction Company on Tuesday signed an agreement to work with Singapore- based commodities trader Zenrock Group to purchase fuel. Zenrock, an oil and petrochemicals trader with offices in China and Indonesia, hopes the deal will help its expansion outside Asia.

  • *Expects to reduce Iran crude imports slightly. SINGAPORE, Sept 24- World oil demand will peak at 104.4 million barrels per day in the mid-2030s, up from just below 100 million bpd currently, as new technologies gradually eat into oil use, China's Unipec said on Monday. Improved energy efficiency and technological changes, including the rise of renewables, meant...

  • NEW DELHI, Sept 20- India's Chennai Petroleum will stop processing Iranian crude oil from October to keep its insurance coverage once new sanctions by the United States against Iran go into effect, three sources familiar with the issue said. President Donald Trump pulled out of an international nuclear deal with Iran and announced new sanctions against the...

  • *India's BPCL chairman has said his company has imported 3.08 million tonnes of Iran oil in April-Sept. *India's BPCL exec says full crude oil production from Brazil project seen from 2022. *India's BPCL sees mechanical completion of Kochi petrochemical plant by March 2019.

  • BEIJING, Sept 10- China, the world's top chemicals consumer, is building and planning a total of 13 ethylene complexes between now and 2023, in the biggest wave of petrochemical expansions in its history. China is allowing greater access by global majors and local independents to its massive chemicals market to feed plastics, coatings and adhesives to the...

  • *Exxon has refinery, petchem plant joint venture in China. *China is world's largest chemical market. BEIJING, Sept 6- ExxonMobil Corp said on Thursday it has signed a preliminary deal to build a petrochemical complex and invest in a liquefied natural gas terminal in China, the latest major foreign investment in the world's top chemicals market.

  • *Exxon has refinery, petchem plant joint venture in China. *China is world's largest chemical market. BEIJING, Sept 6- ExxonMobil Corp said on Thursday it has signed a preliminary deal to build a petrochemical complex and invest in a liquefied natural gas terminal in China, the latest major foreign investment in the world's top chemicals market.

  • terminal in China- state media@. *Exxon has refinery, petchem plant joint venture in China. BEIJING, Sept 6- ExxonMobil Corp has signed a deal to build a petrochemical complex and liquefied natural gas terminal in southern China, state media reported, the second major foreign investment in the world's top chemical market in as many months.

  • BEIJING, Sept 6- ExxonMobil Corp has signed a deal to build a petrochemical complex and liquefied natural gas terminal in southern China, local media reported, the second major foreign investment in the world's top chemical market in as many months. The preliminary deal was signed with the local governments of Guangdong province and Huizhou city as well as...

  • *Premiums for Oman, ESPO crude jump on buying- traders. BEIJING, Aug 28- China's independent refiners have ramped up their foreign oil buying after returning from prolonged summer maintenance to gear up for rising winter fuel demand, a sign that the financial pain from taxes and higher crude prices have ebbed for now. The independents imported 6 million tonnes, or...

  • BEIJING, Aug 23- The United States is set on Thursday to impose additional duties on $16 billion of goods imported from China, including semiconductors, chemicals and plastics. China has said it will immediately retaliate with new tariffs of its own on $16 billion of goods it imports from the United States. The latest China's tariffs will be applied to the...

  • *All staff evacuated- fire services. LONDON, Aug 22- A fire which broke out at a Shell-owned chemical plant on the same site as Essar Oil UK's Stanlow refinery in northwestern England on Wednesday has been extinguished. "Operations and production of fuels and other products from Stanlow Refinery have not been affected.

  • *All staff evacuated- fire services. *Shell-owned chemical plant operated by Essar. LONDON, Aug 22- A fire broke out at a Shell-owned chemical plant in northwestern England on Wednesday but operations at Essar Oil UK's Stanlow refinery on the same site were unaffected, Essar said.