RELEASES

Petrochem

NatureWorks and BioAmber form JV for biopolymer commercialisation

Joint venture AmberWorks to develop and manufacture compounded polylactic acid and polybutylensuccinate resin grades; to be marketed via NatureWorks.

GTForum key 16 Feb 2012

ingeo-biopolymer-pellets-web

Tolling arrangement allows refinery to continue normal operations as search for buyer continues.

GTForum key 15 Feb 2012

Contract scope covers license, basic engineering package and other services for VCC-based deep conversion complex.

GTForum key 15 Feb 2012

coryton-oil-refinery
Company Data

Petroplus administrators secure second oil shipment for Coryton refinery

PWC exploring possible tolling arrangement, under which a third party would supply oil to the refinery.

thailand-refinery
Refining

Shaw wins residue FCC unit revamp contract in Thailand

Contract covers technology and process design package, to upgrade 40,800bpd RFCC unit.

ERG's ISAB Refinery at Dusk
Company Data

ERG to sell 20% of ISAB to Lukoil

ERG opts to reduce its exposure to refining; Lukoil to increase to 80% its stake in ISAB, an Italian refining complex with a capacity of 320,000bpd.

valero
Company Data

Valero reports 4Q11 income of US$45m

Operating income down US$211 million on year; throughput up 523,000bpd on year.

albania-flag
Refining

Foster Wheeler awarded Albanian refinery modernisation feasibility study

ARMO looking to modernise its two refineries and restore capacity; study expected to be complete by mid-2012.

samsungtotalpetchemplant
Petrochem

Samsung Total Petrochemicals announces new expansion project

US$1.8 billion project to build second aromatics unit and a EVA copolymer unit at the Daesan petrochemical complex in South Korea.

Philippines-flag
Refining

Foster Wheeler wins contract for delayed coker unit at Petron refinery

Baatan refinery to be equipped with 37,500bpsd delayer coker unit supplied by Foster Wheeler.

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