Basic Chemical Industries

CHEMICAL TECHNOLOGY, SCIENCE AND RESEARCH

International Petroleum Corp. (IPC) | February 07, 2023

On February 06, 2023, International Petroleum Corporation (IPC or the Corporation) announced the proposed acquisition of Cor4 Oil Corp. in Canada for asset consideration of USD 62 million nearly (CAD 84 million). The acquisition consists of total proved plus probable (2P); it was the same as 15.9 million barrels of oil as of December 31, 2022. The assets that will be bought are expected to have an average net production of 4,000 barrels of oil, approximately equivalent per day for the curr...

National Observer | February 02, 2020

U.S. chemical producer Dow Inc. has approved an expansion of its Alberta petrochemical facilities expected to cost between US$200 million and US$225 million. While releasing its fourth-quarter results this week, CEO Jim Fitterling announced the Michigan-based company will increase capacity at its Fort Saskatchewan ethylene plant just north of Edmonton by about 130,000 tonnes per year by adding a process furnace. He says Dow will equally share costs of the expansion and the ethylene output with a...

CHEMICAL MANAGEMENT

Sasol | May 30, 2022

Sasol and Helmholtz-Zentrum Berlin will lead a consortium to develop and optimise next-generation catalysts that will play a key role in decarbonising the aviation sector through sustainable aviation fuels. At a ceremony at Sasol's global headquarters in Johannesburg today, South African President Cyril Ramaphosa and German Chancellor Olaf Scholz attended the launch of CARE-O-SENE research project, to be funded by the German Federal Ministry of Education and Research and Sasol...

Yahoo Finance | March 12, 2020

German chemical industry association VCI on Thursday cut its production forecast for 2020 due to coronavirus outbreak and said it did not expect the situation to improve in the first half of the year. Production in the chemical and pharmaceutical industries, which are important contributors to Germany's gross domestic product, is expected to shrink by 1.5% in 2020, VCI said. It sees revenue at last year's level of 196 billion euros and unchanged producer prices. "Weak demand ...