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THE WOODLANDS, Texas — Chevron Phillips Chemical Company LP celebrated the startup of its world-scale polyethylene (PE) units in Old Ocean, Texas that will play a pivotal role in the company’s continuing dynamic growth strategy.

The new Old Ocean facility will produce up to 1,000,000 mt annually to meet the growing demand for polyethylene from our customers around the globe. These units can produce a wide variety of high quality polyethylene resins ranging from metallocene linear low-density polyethylene (LLDPE) to bi-modal

An official said a major German company has inked a pre-sale agreement with Iran’s Marjan Petrochemical Complex which will soon come on stream.
CEO of Marjan Petrochemical Complex Hassan Beigi said construction of the facility, situated in Iran’s hydrocarbon hub of Asaluyeh, was 96% through and was therefore on the eve of operation.

“The newly-signed deal supplies the necessary fund for completion of the project as well as that Return on investment (ROI) will be realized within only two years,” he continued.

An NPC official said Iran’s petrochemical industry experienced a 6% percent uplift in production over five months and a 12% rise in exports over four months since beginning of the current Iranian year (began March 21).

Director of Production Control in Iran's National Petrochemical Company (NPC) Alimohammad Bosaghzadeh pointed to five-month statistics for production and the four-month statistics for export of petrochemical products since the beginning of present Iranian year saying “in the first five months, amount of production grew by six per cent as compared to the similar period last year even though output figures normally drop in the first half of the year due to complete overhaul in complexes.”

Iran and South Korea are working to set up a mechanism to barter South Korean goods for Iranian oil exports, an Iranian trade official was quoted as saying by the state news agency IRNA on Saturday, as Tehran seeks ways to sidestep U.S. sanctions.

Russia and Saudi Arabia agreed to extend into 2019 their agreement to manage the oil market, known as OPEC+, although the two sides have yet to agree on any fresh output cuts.

Russia and Saudi Arabia agreed to extend into 2019 their agreement to manage the oil market, known as OPEC+, although the two sides have yet to agree on any fresh output cuts.

Iran and South Korea are working to set up a mechanism to barter South Korean goods for Iranian oil exports, an Iranian trade official was quoted as saying by the state news agency IRNA on Saturday, as Tehran seeks ways to sidestep U.S. sanctions.

It’s not Iran’s responsibility to manage the oil glut situation, Iranian energy minister says It’s not Iran’s responsibility to manage the oil glut: Iran minister says

President Donald Trump said the United States “will take care” of countries that continue to buy Iranian oil after the second round of U.S. sanctions kick in on November 4 this year.

Meeting in the state capital of Adelaide yesterday, the Board of ZEN Energy approved a strategic plan to establish 1 GW of additional dispatchable renewable generation assets. The assets will support long-term electricity supply contracts with South Australia’s large industrial users to provide access to lower cost, reliable and low emission energy.

Wind farm operators in the North Sea will have a new atlas for wind resources in the region to help them identify how much power they can generate and how robust turbines should be.
Energy research Center of the Netherlands (ECN) last week said it is working with Royal Netherlands Meteorological Institute and Delft University of Technology affiliate Whiffle for the Dutch Offshore Wind Atlas project created in June. The project will run through the end of 2019.

China, the world’s biggest carbon emitter, is poised to install a record amount of solar-power capacity this year, prompting researchers to boost forecasts as much as 80 percent.
About 54 gigawatts will be put in place this year, Bloomberg New Energy Finance said Monday, raising a forecast of more than 30 gigawatts made in July. That amount of additional capacity would likely surpass all the solar energy generated in Japan in 2017.

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French oil major Total has said it will not be able to continue the South Pars 11 (SP11) project in Iran and will have to unwind all related operations before November 4 unless Total is granted a specific project waiver by the US authorities.

New research points that the old adage of dressing for the job you want may have truth to it. WSJ style reporter Ray Smith joins Tanya Rivero.

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Oil-rich Countries & Refinery plants

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