CB&I to broaden energy portfolio from LNG to Nuclear July 30th, 2012, CB&I and The Shaw Group (Shaw) announced to have closed a deal by which CB&I will acquire The Shaw Group. Shaw is a 25 years old engineering and services company well established as global provider of: Engineering and construction – Technology – Fabrication […]
ReadDefinition BOT is the acronym of Build-Own-Transfer or Build-Operate-Transfer. BOT is a business term which defines a specific three stages contract for greenfield projects. Comments Usually an end user willing to build a new plant from greenfield goes along the investment decision process until the final investment decision (FID). Assuming that the project is profitable and […]
Read$600 million Storage facility on Red Sea coast With the Shoaiba storage facility, Saudi Aramco expects to facilitate the distribution of the transportation fuels and petrochemical bulk across the different regions of its local market in Saudi Arabia. These transportation fuels and petrochemical bulk include mainly Gasoline, Diesel, and Benzene with a rather unbalanced consumption between Central, […]
ReadTaipei spots Petrochemicals as a strategic sector December 2011 – In an effort to maximize the economic value of petrochemical materials and minimize carbon emission, the Ministry of Economic Affairs (MOEA) of Tawain set up the High Value Petrochemical Industry Promotion Office (PIPO) with the missions to: – Establish R&D centers – Form information platform for the strategic alliances, […]
ReadDefinition FID is in the Oil & Gas and Petrochemical industry the acronym of Final Investment Decision. Comments FID must not be confused with FEED which is another acronym commonly used also in the Oil & Gas and Petrochemical industry and stands for Front End Engineering and Design. Anyway both are in close connection since the FEED prepares the […]
ReadMethanex to invest $550 million to benefit from low shale gas prices Methanex produces about 3.8 million t/y of Methanol and is the world’s largest supplier of Methanol to major international markets with production units in Canada, Chile, Egypt, New Zealand and Trinidad. Methanol is produces mainly out of natural gas, therefore the access to reliable and […]
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