Petrochemical plants and petro chemicals are among the most expensive commodities to acquire in the world, with the United Arab Emirates (UAE) and Qatar’s government spending millions of dollars on their construction.Now the cost of petro-chemical plants is rising even faster than the price of crude oil. As of July 2016, the cost to acquire a petro chemical plant in the […]
Saudi Arabia has officially blamed its own chemical pollution for a deadly air pollution disaster that killed 100 people and injured nearly 200, officials said on Sunday.The World Health Organisation (WHO) said the deadly dust had been “very heavy” over the kingdom and that it had killed more than 100 people since Thursday, with hundreds more still missing.Saudi Arabia’s state-owned […]
Cilno, Colombia (AP) Colombia’s largest petro chemical company, Nouri Petrochem, is on the brink of bankruptcy after its top executive, Cilnov Petrol, was indicted on charges that he used a government-sponsored loan to pay for luxury vacations.Nouri Petrol has been at the center of a major international scandal over alleged bribes to secure lucrative contracts and to secure government loans […]
Petrochemical giant Monsanto earns the top 10 percent of all U.N. awards, earning more than $12 million.But the U.K.-based company also takes home the most award money: nearly $5 million.That’s almost a full million more than any other country.That distinction belongs to the French pharmaceutical company Novartis, which has the most money in awards for pharmaceutical products, earning nearly $3.5 […]
U.K.-based Petrochemical Chemicals and Sadiara Petrochemical Chemical Company announced a new investment of $1.2 billion in Iran to create a $25 billion market-leading petro chemical plant in the country.The investment, which will create jobs in the United States and provide Iran with a critical source of supply, comes as Iran prepares to ratify the Comprehensive Nuclear Agreement with the United […]