U.S. liquefied natural gas (LNG) projects, that in 2022 saw strong interest from buyers abroad willing to lock themselves into long-term contracts, this year face a more reluctant buy side...
Total project costs for a 1.25 million tonne per annum (mtpa) cracker construction project in the US Northeast are estimated to be about $91.46 million higher than for an identical project on the U.S. Gulf Coast in the current market environment, according to...
There are currently seven ethane crackers under construction on the U.S. Gulf Coast - for a total of about 8.75 million metric tons of new annual ethylene capacity - five of which are slated to come on stream by the end of 2017, according to Petrochemical...
Gas-to-liquids (GTL) technology firm Primus Green Energy is developing low-capex methanol production on the Marcellus shale to leverage low-cost feedstock and freight savings for buyers, Primus’s Chief Commercial Officer George Boyajian told Petrochemical...
Construction costs for petrochemical and refining projects in the Gulf Cooperation Council (GCC) region are up 2-4 times compared to 14 years ago, according to Koen Vermeltfoort, principal Capital Productivity Practice at McKinsey & Company.
Total construction costs for a typical 1.5 mtpa ethane cracker on the US Gulf Coast range between about $1.48 billion in a low-case scenario, $1.74 billion in a base case scenario and $2 billion in a high-case scenario, according to Petrochemical Update...
Petrochemical owners can reduce the volatility of the current business environment on the scope of their projects by maximizing their front-end planning (FEP) and implementing lean principles in engineering and construction, according to a panel of experts...
Despite narrower refining margins, US petroleum refinery capital spending will remain robust in the next two years, with about $9.2 billion worth of active capital projects (scheduled for construction start in 2016-2018) planned for 2016 and $9.3 billion in...
Capital spending in the US chemical industry surged 18.4% in 2015 to $42.6 billion and is expected to increase by more than 7% a year on average through 2018, according to Kevin Swift, chief economist and managing director of the American Chemistry Council (...
