We develop and commercialise technologies, and build and operate worldscale
facilities to produce a range of product streams, including liquid fuels, high-value chemicals and low-carbon electricity.
Rates for the benchmark Persian Gulf-China route fell 15 Worldscale
points since January 2 through to w48 on Thursday, according to SandP Global Platts assessments.
Carried out every six years, the turnaround involves the shutdown of SABIC's iconic Olefins Cracker, its worldscale
low-density polyethylene (LDPE) plant and other operations at Wilton and North Tees.
OCI's 1.75 million MT Natgasoline plant in Beaumont is expected to be commissioned in 2017, and there are worldscale
capacity additions expected in Iran and China in the medium term.
That came as daily VLCC earnings from the Middle East on Thursday plunged to around $15,000 a day after Thai Oil chartered the 314,000 dwt VLCC Sea Leopard at a rate of 51 on the Worldscale
measure, the lowest since Sept.
Additionally, the firm overseeing Al-Zour's refinery will also manage a worldscale
petrochemicals facility that will utilise feed from the refinery, following a decision in Q116.
ISLAMABAD -- Byco Single Point Mooring (SPM), the first and the only SPM in Pakistan, has been included as a new port in the amendment circular issued globally by Worldscale
"In terms of on a worldscale
, I think Steff is right up there.
Elevance is the only specialty chemicals company that will have two worldscale
biorefineries in operation by 2016.
The world's benchmark VLCC export route from the Middle East Gulf (MEG) to Japan reached W33.70 in the worldscale
measure of freight rates, or $2,223 a day when translated into average earnings and were at their lowest since May 3.