ChemaWEyaat awards PMC contract to WorleyParsons

(Arabian Oil and Gas) -- Abu Dhabi National Chemicals Company has awarded the Project Management Consulting contract to Australia's WorleyParsons for the Tacaamol Aromatics Project (TAP). ⌠This award further builds upon the official relationship between the two companies, who signed a long-term frame agreement for engineering services in January 2009, ChemaWEyaat said in a statement. ChemaWEyaat's first phase projects include the Madeenat ChemaWEyaat Al Gharbia Project and the Tacaamol Aromatics Project.

The MCAG Project will provide infrastructure requirements for the Tacaamol Aromatics Project (TAP), which consists of the design and construction of one of the world's largest Reformers to date, with a projected capacity of about 70 thousands barrel per day, and includes world-scale integrated BTX Units.

MRC

(Bloomberg) -- Saudi Arabia, holder of the world's largest oil reserves, boosted petrochemical exports in the first two months of the year on rising demand from Asia and increased local production of ethane, a feedstock. The country shipped 4.65 mln MT of petrochemicals from its ports in January and February, up 6.8 percent from 4.35 mln a year earlier, Saudi Ports Authority said yesterday on its website.

Saudi Arabia increased crude output by 300.000 barrels a day to 8.7 million in February, according to a Bloomberg survey of producers, analysts and oil companies.

Saudi Aramco plans to increase its drilling rigs by 28 percent this year, allowing for more natural gas to be extracted, the investment bank said. Demand from countries including China and India should also boost petrochemical makers' first-quarter results, it said.

MRC

(Wacker) -- At INDEX 2011, the Munich-based Wacker Group will showcase a wide range of water-based polymer binders for coating and modifying high-quality textiles and nonwovens. The focus will be on Vinnapas and Vinnol copolymer dispersions based on vinyl acetate-ethylene (VAE) and ethylene-vinyl chloride (E-VC). The product portfolio ranges from binders for articles of everyday use, such as tableware, cleaning cloths or hygiene products, to fabrics for blinds and upholstery, through to dispersions for wallpapers and carpet tiles.

Water-based dispersions are an indispensable starting material in the manufacture of nonwovens and technical textiles. Articles of everyday use, such as vacuum cleaner bags, wet wipes, panty liners and materials for blinds, owe their very existence to high-performance binders.

Wacker is a pioneer of VAE technology with more than 70 years' experience in this field. It is a global leader in the production of binders and polymer additives.

MRC

MOSCOW (MRC) -- In early April trading companies increased price offer for ABS, on average, by RUB 2.000 - 3.000/t under the pressure of prices growth in the external markets and stable demand in the Russian market, according to ICIS-MRC Price report.

Natural ABS price in the Asian markets in mid-February reached record USD 2.340 - 2.360/mt, CFR China, while in July 2010 it was within USD 1.800 - 1.820/mt, CFR China. Such a considerable growth of material cost is connected with increased expenses for its production as well as growth of world volumes of ABS consumption.

Asian ABS, contracted during the price peak, came to the Russian market in late March - early April. Increased expenses during materials contracting affected the price of materials. Increase of price offer became possible due to continually high demand for ABS in March from converters. Some market players say about concluded orders till the end of April.

Russian producers of ABS Plastic (Uzlovaya) refrained from raising prices for April deliveries. In March Russian companies couldn't get necessary volumes of materials, as a result there is an insignificant deficit of some positions. According to market players, current market conditions afford to expect raised cost for the Russian ABS in the second half of April minimum by RUB 2.000/t.

mrcplast.сom

(Rhodia) -- Specialty chemical producer Rhodia has completed the acquisition of the engineering plastics business of Indian company PI Industries Ltd (PIIL), after receiving approval of country's authorities.

Rhodia Polymers & Specialties India Private Ltd is the name of the legal entity created to host Rhodia's newly integrated assets, including one industrial facility based in Panoli (Gujarat state), R&D capabilities as well as logistics network in India.

This acquisition is a major step in Rhodia Engineering Plastics growth ambition in India, aiming at doubling its local production capacities to represent 15% of Indian polyamide compound market by 2015.

MRC