Home / Knowledge / News / Textiles / Chevron to study building of petrochem plant in Iraq
Chevron to study building of petrochem plant in Iraq
05
Jun '12
The Texas, US-based Chevron Phillips Chemical Company LP, will evaluate the feasibility of setting up an integrated petrochemical plant in Iraq.

For the purpose, Chevron Phillips, a joint venture of Chevron Corporation (CVX) and ConocoPhillips (COP), has signed a letter of intent with the Iraqi Government.

Crude oil sales account for over 90 percent of Iraq's official income and the Government now wants to diversify into production of chemicals and other petrochemical by-products that are used in other industries, including textiles, as raw materials.

Currently, the country's crude oil output is on the rise after having stagnated for years during Saddan Hussein's rule. Iraq lacks facilities to use the by-products produced along with crude oil, as feedstock for petrochemicals. Hence, the by-products are mostly burned off.

In addition to feasibility for establishing a new petrochemical plant, Chevron Phillips Chemical would also examine the possibility of upgrading an existing facility in southern Basra province, said Hanaa al-Husseini, a spokeswoman for the Ministry of Industry and Minerals.

In a separate agreement inked in April this year, Shell Chemicals Ltd. agreed to undertake feasibility study of building a petrochemical project in Iraq, according to the Ministry.

Chevron Phillips Chemical owns three world-scale plants in Qatar, including Q-Chem, a world-scale ethylene, polyethylene and 1-hexene complex, and RLOC, one of the world's largest ethane crackers.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Courtesy: Bombay Dyeing

Textiles | On 3rd Dec 2016

Bombay Dyeing to focus on retail; stops textile production

Bombay Dyeing, a Wadia group company, has decided to shift its focus...

Apparel/Garments | On 3rd Dec 2016

Q3FY17 net earnings slip 26.8% at denim retailer Guess

In the three months ended October 29, 2016, net earnings at denim...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search