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Samsung wins $843 million Bolivia Fertilizer project

YPFB awards Samsung first ammonia and urea plant Yacimientos Petrolíferos Fiscales Bolivianos (YPFB), Bolivia’s state-owned oil company, sent to Samsung Engineering Co., Ltd (Samsung) a notification of award (NOA) for a $843 million fertilizer plant. YPFB is planning to build this fertilizer facility in the city of Entre Rios, in the State of Cochabamba, in Bolivia as part […]

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Yanbu Aromatics FEED to be awarded to GES-plus bidders

Saudi Aramco and Sabic gives momentum to GES+ Saudi Aramco initiated the concept of  General Engineering Services Plus (GES+) initiative in order to enhance the level of competence of the local engineering companies and contractors and to contribute to create more value within Saudi Arabia. Indirectly the General Engineering Services Plus (GES+) is to increase the […]

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Polyacetal

Definition Polyacetal is the common name for PolyOxyMethylene (POM). Polyacetal may also be called Polyformaldehyde as produced from formaldehyde. The Polyacetal is a polyether existing under two forms Homopolymer and Copolymer Comments Polyacetal was invented by Dupont de Nemours in 1953 Polyacetal is a high crystalline thermoplastic This high crystalline structure of the polyacetal provides […]

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Sabic Al Jubail Polyacetal project at final bid

Ibn Sina to move ahead in high performance chemicals Saudi Basic Industries Corp (Sabic) and its partners in Ibn Sina joint venture, Celanese Corp (Celanese) and Duke Energy Corp., have decided to reactivated the Polyacetal (POM) project in Al Jubail Industrial City, Saudi Arabia. Ibn Sina is the common name of the joint venture called […]

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Consortium

Definition Consortium refers in the oil and gas and petrochemical industry to a group of individuals or legal entities or a combination of individuals and legal entities which mobilizes their respective resources for the accomplishment of a task going beyond the capabilities of each member of the group. Comments In a consortium, the legal entities […]

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BP to focus upstream in selling assets to Tesoro and Eagle Rock

BP to sell Carson refinery to Tesoro;  Sunray and Hemphill gas processing facilities to Eagle Rock BP continues to implement its $38 billion divestment plan of non strategic assets by the end of 2013 in signing two spin off agreements with Tesoro Corporation (Tesoro) and Eagle Rock Energy (Eagle Rock) partners. These agreements cover:  – Downstream assets with […]

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