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...2019 was a mixed year: Global growth slowed, manufacturing in two dozen nations contracted, and trade barriers, protectionism and trade geopolitics held down economic growth...
...According to ICIS, in 2019, Russian chemical manufacturers produced 868,000 tons of high-density polyethylene (HDPE), a 10% reduction from 2018. Experts noted that the decline in production is associated with lengthy maintenance works at the plants in 2019. Based on the Industrial Info's database, there are 14 active capital and maintenance HDPE projects in Russia, with a total investment value of $2.49 billion. Click here for a list of projects....
...LyondellBasell is on schedule to perform a 60-day planned turnaround on the 1.7 billion-pound-per-year OP 1 ethylene unit in Channelview, Texas. Expectations are to bring the unit offline in late February and restart the unit in mid-April.
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...Industrial Info is tracking more than $150 billion in Industrial Manufacturing projects throughout the world that are set in kick off in first-quarter 2020....
...Freeport LNG began commercial operations on January 17 at its five million-ton-per-year Train 2 in Texas -- the start of gas deliveries from BP under the project's 20-year tolling agreement. Train 1 began commercial operations last month, with the commencement of Osaka Gas and JERA tolling agreements. Train 3 remains on track to begin producing liquefied natural gas (LNG) in the first quarter, with a commercial startup in May.
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...Industrial Info is tracking 2,416 active capital projects worth $172.87 billion in Europe's Industrial Manufacturing Industry....
...The $63 billion merger of pharmaceutical giant AbbVie (NYSE:ABBV) (Chicago, Illinois) and Ireland's Allergan plc (NYSE:AGN) (Dublin, Ireland) has taken a major step toward completion with the deal getting the "conditional" green light from the European Commission (EC)....
...Industrial Info is tracking 2,454 active capital Food & Beverage Industry projects worth $34.62 billion in Europe....
...Industrial Info is tracking more than 176 capital-spending projects, valued at more than $2.8 billion, in Europe's Pulp & Paper Industry that are preparing to begin construction over the next four months...
...Industrial Info is tracking 57 capital and maintenance projects related to ammonia production, with a total investment value of roughly $7 billion...
...Motor Oil Hellas SA (ATH:MOH) (MOH) (Athens, Greece) has awarded TechnipFMC a "significant" Engineering, Procurement and Construction (EPC) management services contract for the construction of a new naphtha complex at its Corinth Refinery in Greece....
...Industrial Info Resources is tracking 38 active capital and maintenance methanol projects worth than $28.60 billion in Russia. Of this amount, 19 projects are grassroot, with potential investment spending of nearly $20 billion. Tula and Leningrad lead among the states in the project count, with 5 active projects each. Click here for a list of projects and see graph for investment by project type....
...Citgo Petroleum shut down the 150,000-BBL/d Topper B Sour/Sweet Crude unit, on January 15, at its 420,000-BBL/d Westlake (Lake Charles), Louisiana, refinery, due to mechanical issues. Current expectations are to complete repairs by the end of this week, January 24.
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...Global operational and production costs for the oil and gas industry are falling, led by pioneering efforts in the U.K.....
...Industrial Info is tracking projects worth $226 million for petrochemical maintenance in Germany over the next two years. The industry has plans to execute 139 projects over the next two years. Seventy-two projects are planned to be executed in 2020, worth $104 million, followed by 67 projects in 2021, worth $100 million. Click here for a list of projects and see graph below for investment by kickoff date.
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...Mining has been of great importance in Sweden throughout modern history, and ore production has been rising significantly in recent years. Sweden is one of the EU's leading producers of ores and metals. Mines currently in operation produce iron ore, sulphide ore and gold, but other minerals can also be found in sufficiently large quantities for profitable mining. There is an ongoing permit process for an open-cast mine for rare earth minerals. Industrial Info is tracking more than 90 mining projects in Sweden, worth $8.5 billion....
...The global Pharmaceutical-Biotech Industry is maintaining a healthy pipeline of future projects. More than half of which have a future kickoff date...
...Algerian state-owned oil company Sonatrach has received a $250 million loan to continue maintenance and improvements at its Sonatrach Raffineria Italiana refining complex in Sicily, Italy....
...One of the largest financing deals has been agreed by Russia's Gazprom for the completion of the Amur gas processing plant, currently under construction near Svobodny in Russia's far-east Amur region....
...Chevron, on Saturday, January 11, restarted the 33,000-BBL/d SF Alky unit at it 260,000-BBL/d El Segundo, California, refinery. The unit was shut down on January 3. The same SF Alky had been in planned turnaround between September 18, 2019 and December 10, 2019.
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