Japan's Sekisui Plastics to invest in automotive plastic components

(PlasticsToday) -- Japan's Sekisui Plastics (Osaka) became the third company in the space of two days to announce a major investment in automotive plastic components in the state of Tennessee when it announced plans to invest USD 3 million in a second manufacturing facility for foam plastics, primarily used in automotive safety components, in Mount Pleasant on August 31. The previous day, ABC Group Fuel Systems (Toronto, ON) and NYX, Inc. (Livoni, MI) also announced major investments for molding plastic auto parts in the state


Technip was awarded USD 500 mln EPC deal

(Arabian Oil and Gas) -- Technip, in consortium with the UAE's NPCC has been awarded an engineering, procurement and construction lump sum contract, worth a total of approximately USD 500 mln for the offshore Satah Full Field Development project.

This Satah field is located 200 kilometers northwest of Abu Dhabi, United Arab Emirates, is owned by ZADCO and is slated to produce 25,000 barrels of oil per day over 25 years.

The Satah Full Field Development project's objective is to maximize crude oil production and oil recovery by reducing the well heads' back pressure and introducing of gas injection and gas lift facilities.

The project scope involves offshore brownfield works to the existing well head platforms and production manifold platform, installation of infield pipelines, as well as modifications and installation of new facilities at the Onshore Satah plant at Zirku Island.


London-listed independent Circle Oil has reported first-half profits up 400%

(Arabian Oil and Gas) -- London-listed independent Circle Oil has reported first-half profits up 400% on the back of a rise in production and higher oil prices. The oil and gas explorer - with assets in Egypt, Namibia, Oman and Tunisia - said it planned to bring more gas wells on stream in Morocco that would result in higher sales in 2012.

The company, also expects production levels to increase in Egypt after the installation of gas production facilities there by the end of 2011.

Circle Oil said its current share of production ranges between 3,700 and 4,000 barrels of oil equivalent per day (boepd), and said it was on track to achieve its medium-term target of 10,000 boepd.

The company's January-June pretax profit was $8.7 million, compared with $2.1 million a year ago. Revenue jumped 35%.


Honeywell's UOP selected for petrochemical production In China

(Honeywell) -- UOP LLC, a Honeywell company, announced that Fujian Meide Petrochemical Co. Ltd. selected it to provide key technology to help meet the growing Chinese demand for propylene, a petrochemical used in plastics production.

The new propane dehydrogenation unit at the facility will use UOP's C3 Oleflex technology to produce propylene, a material used in the production of materials such as films and packaging. UOP will provide engineering design, technology licensing, catalysts, adsorbents, equipment, staff training and technical service for the project at Fujian Meide's facility in Fujian City, Fujian Province, China. The unit, expected to start up in 2014, will produce 660 KTa of propylene. It will be the largest propane dehydrogenation unit in the world to date.


Fiat approves Borealis and Borouge's high-performance materials

(Plastemart) -- The new generation Lancia Ypsilon is the latest high-style vehicle model from Fiat Group to embrace bumper and dashboard material innovations from Borealis and Borouge, to support its drive for high quality across its vehicle ranges. Fiat Group approved Borealis and Borouge's high-performance polypropylene (PP) Daplen EF109AE-9543 for the bumper on its new Lancia Ypsilon model for many compelling reasons. One such reason was the excellent balance between stiffness and impact performance to match the new European crash performance requirements. Furthermore, the good paintability and zero-gap concept achieved through the material's excellent Coefficient of Linear Thermal Expansion (CLTE) ensures good continuity with the body of the car for enhanced visual appeal.