Chevron Corporation awards Worley a global services agreement

Worley and Chevron have entered into a global master services agreement covering Chevron’s upstream, midstream, and downstream business needs, said Hydrocarbonprocessing.

The agreement can be used by Chevron’s business units including those involved in onshore and offshore assets as well as during project development.

The agreement is designed to achieve higher performance progressively via a network of collaborative teams working across the globe to deliver engineering to support Chevron’s assets. It was developed based on Chevron’s operating model, which incorporates lessons learned from previous projects to achieve more competitive and predictable outcomes for investors.

Under the agreement, Worley will provide engineering and project-related services. This includes working with Chevron’s digital enablement specialists to optimize ways of working and improve efficiencies.

The services will be executed by Worley’s global offices with support from its Global Integrated Delivery (GID) team in India.

“We’ve worked with Chevron for many years, and we look forward to partnering on this important agreement. It will drive engineering quality, project competitiveness, and continuous improvement in delivery across Chevron’s assets worldwide,” said Karen Sobel, Group President, Americas at Worley.

As per MRC, Chevron Corporation completed its previously announced acquisition of Renewable Energy Group, Inc. following approval by REG stockholders.

As per MRC, QatarEnergy and Chevron Phillips Chemical Company (CPChem) have awarded the early site works contract for the Ras Laffan Petrochemical Project (RLPP) to Consolidated Contractors Company (CCC). The contract award marks the commencement of execution of the RLPP. CCC has secured a lump-sum contract to prepare the site for the new facility within Ras Laffan Industrial City. Early works on the project will begin in June, at the conclusion of which the EPC contract for the project is expected to be awarded.
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Idemitsu Kosan Co., Ltd. and JERA Co., Inc. have today concluded a memorandum of understanding (MoU) stipulating that they will jointly consider establishing a hydrogen supply chain based in the Ise Bay area, said Globalhydrogenreview.

On the back of demand for decarbonisation, hydrogen—which emits no CO2when burned—is expected to be used in large quantities at power plants and in industrial areas as a next-generation replacement for fossil fuels. It is essential, therefore, to develop large-scale receiving and supply bases near areas where hydrogen will be in demand.

The Ise Bay area, where many industries are concentrated, has the future potential to become a large-scale receiving and supply base. Idemitsu is engaged in the business of receiving and refining crude oil and supplying petroleum products in the area. JERA, meanwhile, owns thermal power plants and LNG receiving terminals in the area and strives to ensure a stable supply of electricity in the Chubu region.

Idemitsu and JERA will utilise their accumulated technology, knowledge, and assets to contribute to the establishment of a stable, economical supply chain for hydrogen as part of their efforts to achieve carbon neutrality. The two companies will also cooperate with “Hydrogen Utilisation Study Group in Chubu”, which is working to establish cross-industrial hydrogen supply chain throughout the Chubu region.

Idemitsu has adopted the ‘CNX Center’ concept of transforming existing manufacturing bases such as refineries and complexes into new low carbon and resource-recycling energy hubs. Idemitsu aims to establish a supply chain that supplies CO2-free energy by taking advantage of the unique characteristics of each of the group's sites while fulfilling responsibility for the stable supply of energy.

As per MRC, Idemitsu Kosan plans to cut its capacity by 13% in less than two years as the ageing and shrinking population in Japan and the global shift to greener energy eats into household demand for petroleum.
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Olin Corporation announced that half of its Plaquemine, Louisiana chlor alkali facility has returned to operation, which has been down since April 2022, with the remainder expected to return to operations in early August 2022, said the company.

Olin's Freeport, Texas facility continues to operate at a reduced level of power generation with the expectation that a portion of the power generation will be restored in fourth quarter 2022. In May, Olin resumed integrated epoxy resin production at its Stade, Germany facility, which had been temporarily idled in March 2022.

During second quarter 2022, Olin has experienced weaker than anticipated epoxy resin demand in North America and South America. Olin is unwilling to sell incremental volume into a poor-quality market and operating the epoxy resin facilities at less than 50% operating rates is impractical. As a result of these factors, Olin Corporation announced that it is temporarily curtailing epoxy and related upstream inputs production at its Freeport, Texas and Guaruja, Brazil facilities.

Olin Corporation also announced that it is temporarily curtailing a significant portion of its ethylene dichloride and related chlor alkali production at its Freeport, Texas facility. As Olin's unique model adapts in real-time to globally prioritize system value; with the resumption of its Plaquemine, Louisiana operations; with high electrical power costs in Texas; and considering the poor-quality ethylene dichloride market conditions, Olin has decided to suspend this production.

As per MRC, Olin Corporation, a leading vertically integrated chlor alkali producer and marketer, and Plug Power Inc., a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, have announced the signing of a memorandum of understanding (MOU) with the intention to create a joint venture (JV) to produce and market green hydrogen to support growing fuel cell demand in the global hydrogen economy.

We remind that a fire and chlorine spill at Olin Corp’s plant in Plaquemine, a tenant at the Dow Chemical facility, was reported to Iberville Sheriff’s office around 8:40 p.m., on 18 April, 2022. Louisiana authorities lifted a shelter-in-place order within five hours of issuing it after a chlorine leak on Monday.

Olin Corporation was founded in 1892 and is currently based in Clayton, Missouri, USA. The company's activities are concentrated in three segments: the production of military ammunition and chlor-alkali products, and their distribution. It is one of the main producers of polyvinyl chloride in the USA along with Shintech, Formosa Plastics, Westlake Chemical and Axiall.
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Braskem S.A. informs its shareholders and the market that its indirect subsidiary Braskem Idesa has entered into agreements with Advario B.V for the sale of a 50% stake in Terminal Quimica Puerto Mexico, a subsidiary of BI responsible for the development and operation of the ethane import terminal Project in Mexico, said the company.

The transaction is subject to applicable approvals and, once approved, BI and Advario will have each one a 50% stake in TQPM's capital.

Advario, a leading global storage company based in the Netherlands, specializes in designing, building and operating storage and logistics infrastructure for liquid bulk products, including petrochemicals and cryogenic gases, currently operating worldwide.

TQPM's ethane import terminal will have a capacity of 80,000 barrels per day of ethane, providing conditions for BI to import all its feedstock needs. The Company, through BI, reinforces its commitment to Mexico and the petrochemical industry.

As per MRC, Braskem (Sao Paulo, Brazil) said it is supporting the efforts by Danish company Plastix (Lemvig) to market recycled plastics fibre waste of old fishing nets and other marine debris collected at various ports.

As per MRC, Braskem has agreed with Dutch recycler Terra Circular to enter a joint venture for mechanical recycling.
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South Korea's unionised truckers headed back on the roads on Wednesday after the union and the transport ministry reached a tentative late-night agreement, ending a nationwide strike that crippled ports and industrial hubs, said Reuters.

Shares in some affected industries rose in early trade, after the eight-day strike had delayed cargo shipments from autos to cement and alcohol, costing South Korea more than USD1.2 billion (SD1.7 billion) in lost output and unfilled deliveries.

"So the strike has been called off until our demands are passed in parliament,” said Mr Park Jung-hoon, an official at the union’s Busan chapter, referring to the process the transport ministry must undertake to implement the agreement.

The union was demanding the extension of the freight rate system to help drivers cope with rising fuel prices. The system was introduced in 2020 for a three-year run, aimed at preventing dangerous-driving practices, such as cargo overload, and guaranteeing minimum rates for truckers. It was due to expire this year.

The strike, which started on June 7, had roiled industries amid fears of higher costs and wider upheaval to global supply chains after Covid-19 lockdowns in China and Russia’s invasion of Ukraine.

As per MRC, thousands of South Korean truckers were on strike for the seventh day on Monday, protesting over pay as fuel costs surge, disrupting production, slowing port operations and posing new risks to a strained global supply chain. South Korean industries, including auto, steel, petrochemical and cement, faced accumulated losses worth about 1.6 T won (USD1.2 B) as of Sunday due to the ongoing trucker strike, the industry ministry said. Following are details of the disruption, lost production and reactions from union officials and businesses.
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