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...
Almost two thirds of the major capital projects in the United States do not meet their budgets and schedules, and most industry executives are not happy with the performance of their systems, according to Brett Schroeder, managing director of strategic...
The US petrochemical market will see a sharp increase in investment in ethylene production and derivatives capacity from foreign chemical and petrochemical manufacturers, totalling at least 10 million tons of new production per year by 2025, according to...
The near 50% drop in the crude oil price since mid-2014 has not delayed Sasol’s petrochemical construction projects in the United States “one single bit,” according to Rob Clark, vice president-project director, US Mega Projects at Sasol.
The chemical production capacity in the Gulf Cooperation Council (GCC) countries will jump from 147 million tonnes a year in 2014 to about 198.6 million tonnes in 2020, Abdulwahab Al-Sadoun, secretary general of the Gulf Petrochemicals and Chemicals...
The heated downstream construction market will drive more petrochemical owners on the US Gulf Coast to shift from pure fixed-cost, lump-sum contracting to more cost-reimbursable and conversion strategies, according to Jeff Patterson, NAA/LAA Engineering...
LyondellBasell’s recent announcement that it plans to expand Tri-ethylene Glycol (TEG) production capacity at the company's existing ethylene oxide and ethylene glycol plant in Pasadena, Texas has been the latest addition in a slate of petrochemical...
North America's chemical feedstock and energy costs will stay among the lowest in the world, and NGLs will surpass naphtha as the major cracker feed globally by 2025, according to ExxonMobil Chemical's senior vice president.
Amidst the long pipeline of petrochemical projects on the US Gulf Coast racing to bring production on stream early on while controlling costs, BASF, Ineos and other owners are carefully considering their construction methods – modularization or the...
EPC companies in the US Gulf Coast expect a move from cost-reimbursable contracts back to lump-sum contracts as the delays in capital spending free up resources for ongoing projects
A solution to the current skilled labor shortage in North American petrochemical construction projects could be a focus on plant modularization, according to industry executives.
