Petrochemicals
Saudi Aramco sees 'sound' oil outlook for H2 on China, India demand
Saudi Aramco believes market fundamentals remain "sound" for the second half as demand from emerging markets led by China and India will offset recession risk in developed markets, CEO Amin Nasser told an industry gathering.
SASA Polyester Sanayi A.S. to build propane dehydrogenation unit In Turkey using Honeywell Oleflex Tech
Honeywell announced that SASA Polyester Sanayi A.Ş. will build the world’s largest Propane Dehydrogenation unit in Yumurtalık, Türkiye using the latest generation of Honeywell Oleflex technology.
BASF breaks ground on polyethylene plant at Zhanjiang Verbund site in China
BASF has broken ground on a polyethylene plant at its Verbund site in Zhanjiang, China.
Funds rotate positions from crude oil to distillates
Portfolio investors are rotating positions from crude oil to middle distillates – anticipating that the low level of distillate inventories will keep prices relatively firm even if the global economy and petroleum consumption slow.
EU parliament set to accept renewables deal with assurances on ammonia plants
European Union lawmakers plan to accept changes made by countries last week to the bloc's renewable energy law, to give assurances to France and others on potentially exempting ammonia plants, the parliament's lead negotiator said.
Former F1 boss racing to create ‘guilt free’ fuel
Formula One is seen as one of the most gas guzzling of sports but one top engineer and former F1 team boss Paddy Lowe is seeking to change this with the launch of a so-called guilt-free synthetic fuel.
Indonesia's PGN to supply gas to Lotte Chemical petrochemical plant
Indonesia's state-controlled gas company Perusahaan Gas Negara said it would supply natural gas to a petrochemical plant operated by a unit of South Korea's Lotte Chemical Corp .
Neste decides to invest in liquefied waste plastic upgrading unit at its Porvoo refinery
Neste has made the final investment decision to commence construction of upgrading facilities for liquefied plastic waste at its Porvoo refinery in Finland.
Mitsui O.S.K. Lines, Ltd. makes strategic investment in Ascension Clean Energy
MOL Clean Energy and Clean Hydrogen Works, LLC announce MCE as a Joint Venture shareholder in Ascension Clean Energy, a proposed world-scale, clean hydrogen-ammonia production and export facility in Ascension Parish, Louisiana.
Bunge boosts oilseed dominance, renewable diesel potential with Viterra deal
Bunge's planned acquisition of Viterra would make the world's biggest oilseed crusher even more dominant and secure a larger role in the expanding renewable diesel industry, although it may face competition hurdles.
- Petrobras signs on with Baker Hughes for sweeping gas turbines service agreement 3/18
- TwinThread launches Perfect Batch, an AI-powered analytics solution to optimize batch production 3/18
- bp to block union workers from Whiting refinery 3/18
- Analysis: Licocene Terra, using renewable carbon in hot melt polymers for adhesive formulations 3/18
- Ionautics finds breakthrough in iridium-based porous catalyst layer technology for green hydrogen production 3/18
- thyssenkrupp nucera supplies electrolyzers for Moeve’s green hydrogen project 3/18
