Dow Chemical to construct petrochemical complex in Oman The Government of the Sultanate of Oman, Oman Oil Company S.A.O.C. (OOC), and The Dow Chemical Company announced an agreement to form a joint venture that will design, build and operate a petrochemical complex in Oman. The joint venture will be owned 50% by Dow, 25%…
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Dow introduces a new line of Affinity GA polyolefin plastomers for hot melt adhesives and polymer modification Dow Chemical Company announced the commercial launch of AFFINITY® GA Polyolefin Plastomers (POPs), a new line of highly versatile polyolefin polymers. Developed using Dow’s proprietary INSITE® Technology and Solution Process, AFFINITY GA POPs are the first products…
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Russian polyolefins producer Lukoil is rumored to be the potential suitor for Basell Polyolefins Russian polyolefins producer Lukoil could bid for Basell. Shell and BASF announced their plans to review strategic options regarding their 50-50 joint venture, Basell. Rumors are that Lukoil was understood to have expressed an interest in Basell. It was also…
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BASF and Shell review strategic options regarding their joint venture Basell BASF and Shell announced their plans to review strategic alternatives regarding their joint venture Basell, in which they both hold a 50 percent equity interest. The options being reviewed by the shareholders include the sale of their stakes and an equity market transaction.…
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ExxonMobil & FujianPetrochemical to construct chemical complex Fujian Petrochemical Company Limited (a company owned 50 percent by China Petroleum & Chemical Corporation (Sinopec) and 50 percent by Fujian Government) (FPCL), ExxonMobil China Petroleum and Petrochemical Company Limited (ExxonMobil), and Aramco Overseas Company B.V. (Saudi Aramco) reached an agreement to jointly fund the front end…
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Nova Chemicals announces profitable third quarter results NOVA Chemicals Corporation announced net income of $56 million ($0.60 per share diluted) for the third quarter of 2004. This compares to net income to common shareholders of $27 million ($0.30 per share diluted) in the second quarter of 2004. In the third quarter of 2003, NOVA…
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ExxonMobil to acquire 50% share in CIPEN ExxonMobil Chemical announced its plans to acquire Basell’s 50 percent share in the Compagnie Industrielle des Polyéthylènes de Normandie (CIPEN) plant in Notre Dame de Gravenchon, France, giving it 100 percent ownership of the facility. The plant manufactures linear low-density polyethylene (LLDPE) resins. The acquisition is effective…
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Indian Oil Corporation selects NOVA Chemicals’ SCLAIRTECH™ technology for LLDPE/HDPE Swing plant in India NOVA Chemicals announced its proprietary SCLAIRTECH™ technology has been selected by Indian Oil Corporation Limited (IOCL) for a new linear-low density/high-density polyethylene (LLDPE/HDPE) plant in India. Scheduled for completion in the third quarter of 2007, the facility is designed to…
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Polyolefin producers report third-quarter earnings Dow Chemical Company Dow Chemical announced third-quarter sales of more than $10 billion. The sales for the quarter were the highest for the first time in Dow’s history, up 26% from the same period last year, reflecting a 19 percent increase in price and a 7% increase in volume.…
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Nizhnekamskneftekhim selects Spherilene process for new LDPE/HDPE plant Nizhnekamskneftekhim announced the selection of Basell’s Spherilene® polyethylene technology for a new 230 KT per year plant to produce linear low-density and high-density polyethylene. The plant is to be built in Nizhnekamsk, Republic of Tatarstan, Russia, with a start-up planned for 2007. According to Basell, the…
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