Reliance (RIL) and Saudi Aramco had entered into a non-binding Letter of Intent in August 2019 to acquire a potential 20% stake in RIL’s O2C business.  (Deposit Photos)
India: Oil-to-Chemicals Business

Reliance Calls Off 15 Billion Dollar Saudi Aramco Deal, Will Re-Evaluate Stake Sale in O2C Business

Reliance Industries Ltd (RIL) and Saudi Aramco have mutually called off the 15-billion-dollar deal under which Saudi Aramco would acquire a 20% stake in the company’s oil-chemicals (O2C) business. The move has been undertaken in the background of RIL’s evolving nature of the business i.e. the company unveiled plans for its new energy & materials businesses under which the firm intends to develop the Dhirubhai Ambani Green Energy Giga Complex at Jamnagar, Gujarat, India, which is a major part of the its oil-to-chemicals (O2C) assets. Now, RIL and Saudi Aramco will re-evaluate the proposed investment in the O2C business.

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The versatile OIW80 sensor from Electro-Chemical Devices features built-in RS485 serial communications and is Modbus/RTU compatible.   (Electro-Chemical Devices )
Smart Technologies

Intelligent Sensor Detects Petroleum Leaks to Prevent Water Contamination

Electro-Chemical Devices (ECD) has introduced its new self-cleaning oil-in-water sensor – OIW80 which helps municipal water and wastewater facilities as well as industrial plants to quickly and accurately detect oil in water leak incidents. This technology helps one to take quick action in order to prevent contamination of drinking water, fouling of batch processes, damage to plant equipment or contamination of sensitive water ecosystems.

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Galleries

Sinopec successfully completes China’s first industrial application of crude oil steam-cracking technology. (Sinopec)
Key Project

China’s Sinopec Successfully Completes Trial of Crude Oil Steam-Cracking Technology

The unique crude oil steam-cracking technology has the ability to convert crude oil directly into ethylene, propylene and other chemical products. The successful trail marks the first industrial application of the crude oil steam-cracking technology in China and will pave the way for transforming China's petrochemical industry. The technology will also significantly shorten the production process, lower production costs and reduce energy consumption and carbon emissions.

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The project is expected to achieve commercial operation in 3Q 2022 and complete the demonstration by end of 2022. (Pixabay)
South Korea: Landmark Project

Asia Pacific’s First 100 % Hydrogen Pilot Power Plant to be Developed in South Korea

Hyosung has chosen Innio’s ‘Ready for Hydrogen’ engine technology for the first 100 % hydrogen pilot power plant in the APAC region. To be built at the Hyosung Chemical Yongyeon plant in Ulsan, South Korea, the plant will run on hydrogen which is produced as a byproduct at the facility. The demonstration of the project will be completed by the end of 2022 and will achieve commercial operation in 3Q 2022.

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The new unit will upgrade a byproduct waste stream by selectively hydrogenating C4 acetylenes to produce larger quantities of butadiene and raffinate products.  (Lummus Technology )
Korea: Technology Award

Lummus to Provide Acetylenes Hydrogenation Unit to KPIC’S Chemical Plant

Lummus Technology has been selected by Korea Petrochemical Ind. Co. (KPIC) to provide a C4 acetylenes selective hydrogenation unit to its Onsan chemical plant in Ulsan, Republic of Korea. The new unit, which is part of the plant’s expansion plan, is expected to process 37,000 MTA of feed, leading to higher production rates of butadiene and raffinate products. The new unit will also prevent the burning of the byproduct stream resulting in lower emissions.

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