Petrochemicals Tag

ExxonMobil (NYSE:XOM) has announced it will commit US$20 billion of investments to the US Gulf Coast over a 10-year period. The world’s largest publicly traded oil company will strategically invest in new refineries, petrochemicals and other projects across the region. Chairman and chief executive Darren Woods told...

Saudi Aramco has announced it will purchase a 50% stake in certain ventures and assets in the Refinery and Petrochemical Integrated Development (RAPID) project, developed by Malaysian company Petronas (PTG:MK). The equity stake in the petrochemicals project is worth US$7 billion and was formalised by Malaysian...