Petrochemicals

Gulf Petrochemical production levels reaches record heights

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Production levels at the Gulf Petrochemical Industries Company (GPIC) hit record highs in 2010.

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Asian demand proves profitable

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China and India's growing demand for petrochemicals will continue to benefit the Middle East and North African (MENA) region, say analysts.

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Iran's Mehr Petrochemical changing tack

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Iran's Mehr Petrochemical may start producing grades other than film-grade high density polyethylene at its plant due to a shortage of butane-1 feedstock, according to reports.

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SABIC profits beat expectations

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Saudi Basic Industries Corp (Sabic), the world's largest chemical firm by market value, beat estimates with a 46 per cent rise in third-quarter profit, buoyed by higher plastic and petrochemical sales.

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Foster Wheeler wins Egyptian contract

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Foster Wheeler AG, a global engineering and construction contractor and power equipment supplier has announced that Foster Wheeler USA Corporation, part of its Global Engineering and Construction Group, has been awarded a project management consultancy (PMC) contract by Carbon Holdings for a petrochemical complex in Ain Sokhna, Egypt with a nameplate capacity to produce 1.35 million tons per annum of polyethylene. The terms of the contract were not disclosed.

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