Sometimes, healthy competition is good. For the Middle East refining and petrochemical industry, a changing global feedstock mix and increasing competition in the United States, driven by the availability of cheaper gas feedstock, is reinforcing previous decisions by Middle East petrochemical producers to continue investing in new technology.
Effective June 1, 2014, or as existing contracts permit, Vencorex will increase prices on its TDI range of products (Scuranate™) in Europe, the Middle East and Africa.
Oman Oil Co. (OOC), a company wholly owned by the Government of the Sultanate of Oman, has successfully concluded the acquisition of Oxea, one of the largest global manufacturers of oxo chemicals.