Petrochemical | 09 June 2020
BP to cut 10,000 jobs; lowers capex by 25%
Company to bring down capital expenditure by 25% this year – which is a reduction of around $3 billion.
Company to bring down capital expenditure by 25% this year – which is a reduction of around $3 billion.
Soon after the explosion at around 1:30 pm, plumes of smoke and flames enveloped the sky at the Baghjan Oil Well No 5.
Total project budget is estimated at over EUR 1.5bn. The construction phase is scheduled for completion in 2022 and the polypropylene unit will have an annual production capacity of 437,000 tonnes.
Global Clean Energy’s retooled refinery will produce low carbon renewable fuels that meet the California Low Carbon Fuels Standard as well as the ASTM D975 diesel specs
Under the agreement, Worley will provide construction and site maintenance services at the facilities over a five year term.
AG Resinas is a PET recycling facility in Juiz de Fora, Brazil.
Praj Industries offered open and free access to handwash sanitizer technology which received an overwhelming response of more than 475 interests from India as well as abroad.
New product line offers customers durable, cost-effective, corrosion-resistant solutions for the light and medium industrial markets
Maintaining healthy waste management and recycling sectors are critical stepping stones towards a more circular plastics value chain.
Proceeds will be used to further strengthen Covestro's liquidity in the current macroeconomic environment with the impact of the coronvirus pandemic, as well as providing funds for the 2021 bond maturity.
Company will also reduce capacity in its Tacoma, WA prepreg facility
The naphtha cracker is expected to have an annual capacity of 1 million tons of ethylene.
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The sales of MS, HSD and ATF in May 2020 was lower by 38.9% as compared to May 2019 says Indian Oil Corporation Limited.
Hengli’s 4th PTA line was executed in record time of 22 months from engineering kick-off meeting to start-up
Solvay will supply a range of composites and adhesives to Leonardo for a period of five years.
The company has been able to resume production in all its plants after taking the necessary permissions from the government.
The sale of petroleum products in May 2020 is lower by around 30% as compared to May 2019 whereas in April it was down by 55% says Bharat Petroleum Corporation Limited (BPCL).
The two companies will partner in a business that makes use of this leading-edge recycling process.
The petrochemical chemical industry is important for the economy now and will continue to be so in the future.
In an order on Wednesday, an NGT bench headed by its Chairperson Justice Adarsh Kumar Goel noted, "We find the company has strict and absolute liability for the environmental damage and consequential loss to life and public health in this case."
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