USGS discovers largest oil deposit in US history near Midland

The U.S. Geological Survey announced Tuesday, Nov. 15 that it has discovered the largest estimate of continuous oil that it has ever assessed in the United States at the Wolfcamp shale in the Midland Basin portion of Texas’ Permian Basin.

ExxonMobil announces project that will increase production capacity at Beaumont chemical plant by 65 percent

ExxonMobil announced plans to add a new production unit at its Beaumont polyethylene plant that will increase capacity by 65 percent – or approximately 650,000 tonnes per year -- to meet growing demand for high performance plastics at its BPEX luncheon Monday, Nov. 14 at the Event Centre in Beaumont.

Huntsman Corp. opens the doors to its Advanced Technology Center for behind-the-scenes showcase

For the first time ever, Huntsman Corporation opened the doors of its Advanced Technology Center (HATC) to the public for a behind-the-scene look Tuesday, Oct. 25, at 220,000 square feet of laboratories, offices, machine hall, and bench scale operation facilities. HATC is comprised of four buildings on 17 acres on Technology Forest Place in The Woodlands.
CEO Peter Huntsman welcomed guests, including U.S. Reps. Kevin Brady and Randy Weber, and other civic and industry leaders.

Savage Inland Marine hopes to operate second barge fleeting operation on Neches River at FINA oxbow

Inland barging industry carries a diverse range of dry and liquid products across 12,000 miles of inland waterways, including the Neches River in Southeast Texas, where growth in the petrochemical industry is increasing the demand for temporary parking while barges wait for dock availability. According to Informa Economics, as global demand for American products increases, consumer spending and manufacturing activity will rise, leading to growth in the transportation of raw materials, much of which will be transported by barges.