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

Apparel/Garments | On 27th Jun 2017

Vietnam to build fashion, textile, trading centres

Vietnam's Ho Chi Minh City will build large centres for designing...

Textiles | On 27th Jun 2017

Barcelona’s Unitin develops recycled Indigo yarns

Unitin, a trademark of Industrias Morera SA and a leading textile...

Information Technology | On 27th Jun 2017

ThreadSol to bring fabric solutions to Thailand

ThreadSol, an enterprise material management provider for the sewn...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search