Updated Sep 25, 2024
9/25/24
Petrochemical giant Dow Inc. said lower North American natural gas prices are driving an expansion of operations. Meanwhile in Europe, “right-sizing” the footprint “is necessary” with industrial demand still 25% off pre-pandemic levels.
Phillips 66 has been certified to process oil made from waste plastics into feedstock at its Sweeny Refinery southwest of Houston in Brazoria County.
Technip Energies has been contracted to supply ethane cracker furnaces for the 2 million metric ton/year (mmty) Golden Triangle Polymers project planned southeast of Houston.
ExxonMobil has ramped up more polypropylene production at its petrochemicals complex in Baton Rouge, LA, increasing capacity to 450,000 metric tons/year.
Two major petrochemical projects planned for Louisiana’s St. James Parish are facing permitting obstacles following recent decisions that may affect them moving forward.
TotalEnergies SE and Borealis AG reported last week they have begun commercial operations at their nearly $2 billion ethane cracker in Port Arthur, TX.
Barring an increase in domestic natural gas production, the United States should stay the course with regard to liquefied natural gas (LNG) export volumes, the top executive at global chemical manufacturer Huntsman Corp. told NGI.
Saudi Arabia, the world’s largest oil producer, has ramped up development at the natural gas-rich Jafurah field in the Eastern Province, considered the largest unconventional field of its kind in the Kingdom.
“The electricity bill, the purchase of the Deer Park refinery in Houston and the granting of Zama to Pemex hint that President López Obrador is more than determined to ramp up his energy nationalism stance during the next three years,” Adrián Duhalt, postdoctoral fellow in energy studies at Rice University's Baker Institute and seasoned expert and academic in the Mexican energy sector, told NGI’s Mexico Gas Price Index.
