Sadara, Gulf Interchem to build by-product recycling unit in Jubail


Sadara, Gulf Interchem to build by-product recycling unit in Jubail

Sadara Chemical Company (Sadara) has signed a memorandum of understanding (MoU) with Gulf Interchem, a Bahrain-based technology company to focus on innovating in the field of low-value chemical by-product recycling, for a by-products upgrade project based in PlasChem Park, Jubail. Under the terms of the non-binding agreement, Gulf Interchem will build an integrated treatment plant to recover valuable molecules from Sadara by-products and convert them into fine chemicals that can be used in the production of speciality chemicals. Read More

 

Gelest Inc has appointment Ken Gayer as its new chief executive officer (CEO).Most recently, Gayer served as business president of Honeywell Specialty Products of Honeywell International. Gayer brings more than 20 years of global chemical industry leadership experience to his new role at Gelest. Prior to his latest role, he had a long tenure at Honeywell in a variety of leadership positions including VP and general manager at Honeywell Fluorine Products; VP of procurement, customer service, trade compliance, transportation and logistics; and global business director of foam and industrial products. Read More

 

ExxonMobil Corporation (XOM) has started production at its Hebron project ahead of schedule. At its peak, the project will produce up to 150,000 barrels of oil per day.Discovered in 1980, the Hebron field is estimated to contain more than 700 million barrels of recoverable resources. The Hebron platform consists of a stand-alone gravity-based structure, which supports an integrated topsides deck that includes living quarters and drilling and production facilities. The platform has a storage capacity of 1.2 million barrels of oil. Read More

Gazprom has signed a five-year €1 billion credit facility agreement with Japan’s Mizuho Bank Ltd (Mizuho), Sumitomo Mitsui Banking Corporation (SMBC) and US-based JP Morgan Chase Bank NA (JP Morgan). The document was signed by Andrey Kruglov, deputy chairman of the Gazprom management committee; Nobuhide Hayashi, chairman of Mizuho; Yasuhiko Hashimoto, joint head of Europe, Middle East and Africa, Mizuho; Yasuyuki Kawasaki, deputy president, head of international banking unit, SMBC; Kenichi Hosomi, managing executive officer, deputy head of international business unit, SMBC; and Yan Tavrovsky, president of CB JP Morgan Bank International (LLC). Read More

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