project

Plentiful U.S. Gulf Coast worker availability for petrochemical projects may not last

Apr 21, 2021

A year following the quick spread of Covid-19 and lockdowns, non-residential construction activity in the U.S. remains significantly below pre-pandemic levels as of April 2021 and particularly in regions that include chemical hubs.

Shell’s Pennsylvania cracker and polyethylene project to see completion in 2022 after Covid-19 delays

Feb 22, 2021

Covid-19 slowed down the construction of the Beaver County, Pennsylvania project that is fully owned by Shell and which includes a 1.6 million tonnes/year polyethylene plant, a cracker as well as pipelines to bring feedstock from shale formations in the...

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...

Canada’s two biggest petrochemical projects face reality check

Sep 29, 2020

Inter Pipeline and Pembina Pipeline, two Canadian midstream companies behind the country’s two biggest petrochemical projects, face a reality check after spending hundreds of millions in plans to go downstream by turning propane gas they traditionally only...

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.

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...

Oil price to average $52 in 2017; Magellan Midstream plans marine terminal

Jul 14, 2016

Petrochemicals news you need to know.

Multimedia: Mapping US ethane cracker construction projects

May 5, 2016

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...

Rising capital costs provide warning to Arabian Gulf petchems developers

Apr 8, 2016

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.

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