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...
Inter Pipeline has moved along most of the way through construction of a propane dehydrogenator (PDH)/ and 550,000 tons per year of polypropylene(PP) capacity near Edmonton, Calgary for the past years but a “hostile” bid has put the spotlight on the project.
Covid-19 challenged the biggest petrochemical projects in North America, as it added costs and extended the timeline to works reconsidered last year for resumption in 2021, as well as created conditions that compromised feasibility to the point of forcing...
The founder of a company that worked for years to research ways to repurpose plastic waste into roads said that if its composite asphalt pavement use were to extend beyond parts of Los Angeles across the U.S., it could eventually use up all the waste PET in...
LNG Canada, a Shell-led joint venture behind the biggest private investment in Canadian history, has fallen behind in construction mostly due to the pandemic, leading the owner and contractor to hold talks, according to Fluor Corp. executives.
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...
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.
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.
