 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 by Renzo Pipoli Washington (UPI) Oct 9, 2018
France's Total and Saudi Aramco inked an accord for the front-end engineering and design of a new petrochemical plant in an eastern province of Saudi Arabia. The agreement represents a $5 billion investment, and it is scheduled to start operating in 2024. Amin Nasser, president and CEO of Saudi Aramco, said during the signing event in Dhahran on Monday that the new plant "will deliver on multiple levels, from high-value fuels and petrochemical products never manufactured in the Kingdom before, destined for consumers on three continents." The petrochemical plant will have capacity of "1.5 million tons per year of ethylene and related high-added-value petrochemical," the joint statement said. The plans were originally announced in April. The petrochemical plant will help "take advantage of the fast growing Asian polymer markets," said Patrick Pouyanne, chairman and chief executive of Total. The joint petrochemical complex is the second part of a join investment that resulted in the Satorp refinery that started operations in 2014, where Saudi Aramco has a 62.5 percent stake and Total the rest. The refinery has capacity to process 440,000 barrels per day. In addition, the project contemplates providing feedstock "for other petrochemical and specialty chemical plants located in the Jubail industrial area and beyond, representing an additional $4 billion investment by third party investors," according to the joint statement.
Race to clean up oil spill after cargo ships collide off Corsica Marseille (AFP) Oct 8, 2018 French and Italian civil and military teams were working to contain a spreading oil spill in the Mediterranean Monday after a container ship collision off the island of Corsica that prompted France to launch an investigation into "maritime pollution". The accident occurred early Sunday when a Tunisian freighter rammed into a Cyprus-based vessel anchored about 30 kilometres (20 miles) off the northern tip of the French island. The ship's hull was pierced and at least one fuel tank began leaking i ... read more
|
|||||||||||||
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |
del.icio.us
Digg
Reddit
Google
