Engineering and Construction

LyondellBasell gets to buy from Sasol 50% of cracker, two PE plants at two-thirds of value

Oct 13, 2020

LyondellBasell left aside the financial caution it adhered to since the start of the pandemic to seize an opportunity provided by deteriorated market conditions to buy for two-thirds of the estimated real value a 50% stake in an ethane cracker and two...

Owners share insight on ways to select, compare contractors and use technology in projects

Sep 29, 2020

Choosing the best contract model for tapping a contractor as well as getting them involved early in the first stages of projects can alongside with added transparency through digitalization and standard metrics improve chances of project success.

Petrochemical owner-contractor business model for project construction needs changes

Aug 31, 2020

Signs of financial distress in recent years point a prevailing downstream plant construction model where the increased risk taken by contractors has made them increasingly vulnerable.

Long delayed polyethylene units in U.S. Gulf Coast set to start up but timing won't help

Jul 7, 2020

South Africa-based Sasol will put online by September a 420,000-tonne long-density polyethylene (LDPE) unit in Lake Charles, Louisiana while Taiwan-based Formosa should be on the final stages of completion of a 400,000-tonne LDPE plant it had intended to...

Shell controls Covid-19 after restarting Pennsylvania construction but other risks loom

Jun 9, 2020

Shell interrupted on March 18 the construction of this complex where it has a 100% interest and begun a restart in stages on May 4. Once built, it will crack ethane from Northeast shale basins into ethylene to polymerize into 1.6 million tonnes of...

Thailand's PTTGC indefinitely postpones Ohio project amid challenges

May 26, 2020

The postponement follows expectations built up over the past half decade. Confirmation of a project in which land was bought and air permits obtained, in addition to millions spent to ready the site, had seemed highly probable considering nearby availability...

How webinars are creating value for marketers through COVID-19

May 7, 2020

As the current coronavirus pandemic forces more key downstream decision-makers to work from home, webinars are booming in popularity.