Latest Petrochemicals manufacturing News

Fuel makers launch ad criticizing Trump ethanol mandates

Jul. 8, 2019 5:38 PM EDT

MADISON, Wis. (AP) — An association representing oil refineries launched a television ad in four swing states Monday criticizing President Donald Trump's moves to expand the use of ethanol in gasoline. The American Fuel and Petrochemical Manufacturers' 30-second spot will run statewide through July in...

Petrochemical fire spews thick black smoke in southern Spain

Jun. 25, 2019 1:23 PM EDT

MADRID (AP) — A fire at a petrochemical plant in southern Spain has sent a massive plume of black smoke into the air near Gibraltar. The blaze broke out Tuesday at an industrial zone near Algeciras. The Andalusian emergency service said on Twitter that the plant owner, Indorama Ventures, says there have...

Iran condemns new US sanctions on petrochemicals

Jun. 8, 2019 3:49 AM EDT

TEHRAN, Iran (AP) — Iran has condemned new U.S. sanctions targeting its petrochemical industry, saying they prove President Donald Trump is not serious about pursuing negotiations. Foreign Ministry spokesman Abbas Mousavi was quoted by state TV on Saturday as saying the move amounts to "economic terrorism"...

US hits Iran with new sanctions; petrochemicals targeted

Jun. 7, 2019 11:34 AM EDT

WASHINGTON (AP) — The Trump administration on Friday hit Iran with new sanctions that target its largest petrochemical company for providing support to the Revolutionary Guard Corps. The Treasury Department imposed sanctions on the Persian Gulf Petrochemical Industries Company and 39 of its subsidiaries...

Britain's Ineos to invest $2 billion in Saudi plants

Jun. 3, 2019 5:55 AM EDT

MADRID (AP) — British petrochemicals maker Ineos is investing $2 billion to build three plants in Saudi Arabia, as western companies appear to be shedding their reluctance to do business with the kingdom following the killing of Washington Post columnist Jamal Khashoggi by Saudi agents in Turkey last year....