CB&I awarded EPC contract for Aramco, Shell refinery

MOSCOW (MRC) — CB&I announced it has been awarded a contract for more than USD95 MM by Saudi Aramco Shell Refinery (SASREF), as per Hydrocarbonprocessing.

The scope of work includes the engineering, procurement and construction management for SASREF's modernization and expansion of its existing refinery in Al-Jubail city, Saudi Arabia.

CB&I has completed the conceptual design and FEED phases of the project, while working with SASREF to optimize investment on the new refinery configuration.

CB&I's integrated solutions will give SASREF the operating flexibility needed to generate maximum returns through sustainable fuels production, which meets Euro V regulations for cleaner emissions.
MRC

MOSCOW (MRC) -- PolyOne, a premier global provider of specialized polymer materials, services and solutions, has recently presented its aquired Comptek high temperature polymer formulations and concentrates portfolio for the first time in Europe, as per GV.

In addition, the company was highlighting creative applications its customers have developed with its speciality polymer formulations and services. Recently completed applications on display include a paint replacement project for one of the world’s largest manufacturers of appliances, and a consumer product for a leading global supermarket chain.

Proven solutions on display at PolyOne include:

- OnFlex LO low VOC thermoplastic elastomers: Easily processed TPEs that help manufacturers meet strict vehicle interior air quality (VIAQ) standards;
- Therma-Tech thermally conductive materials: Engineered materials that are lighter than metal and are easier to form, but do not compromise conductivity;
- Gravi-Tech density modified polymers: Composite materials that provide the look, feel and sound of metal, but deliver the design freedom of a polymer;
- LubriOne wear resistant solutions: Inherently lubricated polymers that eliminate the need for added oils and greases between moving components.

As MRC reported earlier, in January 2016, PolyOne Corporation announced the acquisition of Magenta Master Fibers (Magenta), an innovative developer of specialty solid color concentrates for the global fiber industry. PolyOne purchased Magenta from BASF for USD22 million, which represents a multiple of 6.8x EBITDA.

PolyOne Corporation is a global provider of specialized polymer materials, services, and solutions with operations in specialty polymer formulations, color and additive systems, polymer distribution and specialty vinyl resins.
MRC

According to the National Statistical Committee of the Republic of Belarus, the local LDPE roducer - Polymir - reduced slightly its capacity utilisation in November. November polyethylene (PE) output was 5,500 tonnes, compared to 5,700 tonnes a month earlier. Thus, Polymir's overall LDPE production was 56,400 tonnes in January-November 2017 versus 92,400 tonnes a year earlier.

The fire at one of the ethylene units in late June 2016, which led to a two-fold reduction in the olefin production, was the main reason for such a major fall in the output.

As reported earlier, Polymir had completed maintenance works at some production capacities, the outage of the line lasted for about a month.

Polymir (part of Naftan) is Belarus' largest petrochemical company, producing a wide range of chemical products, such as low density polyethylene (LDPE), acrylic fibers, products of organic synthesis, hydrocarbon fractions, etc. Polymir was founded in 1968. The producer uses technologies of the largest foreign companies from Great Britain, Japan, Germany, Italy (Courtaulds, Asahi Chemical Co. Ltd, Kanematsu Gosho, SNIA BPD, etc.), as well as the developments of scientific research institutes and design institutes of the CIS countries. The plant's annual production capacity is 130,000 tonnes.

MRC

MOSCOW (MRC) — Emerson announced it has completed the purchase of Paradigm, a leading provider of software solutions to the oil and gas industry, said Hydrocarbonprocessing.

The combination of Paradigm with Emerson’s Roxar software business creates a comprehensive Exploration & Production (E&P) software portfolio offering.

Paradigm is headquartered in Houston and has more than 500 employees globally. The company provides an array of tools that enable customers to gain deeper insight into the subsurface, reduce uncertainty and support responsible asset management.
MRC

MOSCOW (MRC) -- Idemitsu SM Malaysia has undertaken a planned shutdown at its styrene monomer (SM) plant, as per Apic-online.

A Polymerupdate source in Malaysia informed that the company has halted operations at the plant on December 1, 2017. The plant is expected to remain off-line for a period of around 45 days.

Located at Pasir Gudang in Malaysia, the plant has a production capacity of 240,000 mt/year.

As MRC reported earlier, in 2016, Idemitsu SM Malaysia conducted a turnaround at its SM plant in Pasir Gudang from mid-April to end-May.

Idemitsu Kosan is a Japanese petroleum company. It owns and operates oil platforms, refineries and produces and sells petroleum, oils and petrochemical products. The company runs two petrochemical plants in Chiba and Tokuyama. The two naphtha crackers can produce up to 997,000 tonnes of ethylene per year.
MRC