Month: June 2019

Archive for June 2019

Grace Acquires the Business of Rive Technology, Inc.

COLUMBIA, Md., June 17, 2019 (GLOBE NEWSWIRE) — W. R. Grace & Co. (NYSE:GRA) today completed the acquisition of the business  and assets of Rive Technology, Inc., including its Molecular Highway™ zeolite technology. As part of the transaction, certain research and development, technical services, and commercial employees will join Grace. Financial details of the transaction…Read more

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Latin America Refining Technology Conference (LARTC)

The World Refining Association has been the world’s foremost for the refining industry for over two decades, with operations on every continent. As part of our activities we offer LARTC which is made up of two days of multi streamed strategic and technical content for refineries and petrochemical plants to address the key shifts in…Read more

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Refinery of the future less focused on fuels

The future may or may not bring flying cars, robot servants and immortality, but it’s bringing exciting changes to the business of refining petroleum. Those changes are opportunities to earn higher profits for plants that recognize how to leverage existing technologies to improve flexibility, integration and communication. Integrated refineries and petrochemical plants are the “Refineries…Read more

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The global methanol market is predicted to rise with a CAGR of 5.66% for the forecast period of 2019-2027

The global methanol market is predicted to rise with a CAGR of 5.66% for the forecast period of 2019-2027. The important drivers contributing to the market growth include the growing demand from the Asia-Pacific regions, increasing acceptance for MTO technology, the need for alternative transportation fuels, etc. The primary driver for the increasing growth of the global…Read more

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Japan’s Inpex to build $18bn onshore LNG project in Indonesia

Largest Japanese-operated plant looks to export to trade-war hit China TOKYO — Japanese oil and gas company Inpex is set to agree in principle with the Indonesian government to build a liquefied natural gas plant in Indonesia, Nikkei learned Friday. With an estimated total cost of 2 trillion yen ($18.4 billion) and annual production of about 9.5 million tons…Read more

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Refinery of the future less focused on fuels

The future may or may not bring flying cars, robot servants and immortality, but it’s bringing exciting changes to the business of refining petroleum. Those changes are opportunities to earn higher profits for plants that recognize how to leverage existing technologies to improve flexibility, integration and communication. Integrated refineries and petrochemical plants are the “Refineries…Read more

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UK EPC firm Wood wins FEED contract for Oman’s Duqm Refinery

Duqm Refinery and Petrochemicals Industries Company (DRPIC) has awarded a contract for front-end engineering design (Feed) work on its petrochemicals complex to Wood plc, Duqm Petrochemical Project (DPP), which falls under the scope of Oman Oil Co and Orpic as the second stage of the $7bn (OMR2.69bn) Duqm Refinery integrated complex that is being developed…Read more

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Mangalore Refinery and Petrochemicals Q4 net profit at Rs 318.87 crore

The polypropylene production stood at 388 KT for 2018-19 Mangalore Refinery and Petrochemicals Ltd (MRPL) recorded a net profit of ₹318.87 crore in the fourth quarter of 2018-19 as against a profit of ₹542.08 crore in the corresponding period of the previous fiscal, registering a decline of 41.17 per cent. The gross refining margin GRM of the company…Read more

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