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Business News – May 2018

By Mary Page Bailey |

Plant Watch Saudi Aramco and RRPCL to proceed with integrated megaproject in India April 12, 2018 — Saudi Aramco (Dhahran, Saudi Arabia; www.saudiaramco.com) signed a memorandum of understanding (MOU) with Ratnagiri Refinery and Petrochemicals Ltd. (RRPCL), a consortium of Indian oil companies, to jointly develop and build an integrated petroleum refinery and petrochemicals complex in Ratnagiri, India. The refinery will provide feedstock for the petrochemical complex, which will have a production capacity of 18 million metric tons per year (m.t./yr).   Yara and BASF open world-scale ammonia plant in Freeport, Texas April 12, 2018 — Yara International ASA (Oslo, Norway; www.yara.com) and BASF SE (Ludwigshafen, Germany; www.basf.com) opened a new ammonia plant in Freeport, Tex. The $600-million facility has capacity to produce 750,000 m.t./yr of ammonia. BASF will use its share of the ammonia offtake to produce polyamide 6.   BASF starts up new polyarylsulfone production line in South Korea April 12, 2018 — BASF has started up a new production line for the high-temperature-resistant thermoplastic polyarylsulfone at its site in Yeosu, South Korea. With the new line, BASF’s global capacity for this product will…
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