Petrochemicals
Clariant begins construction of second high performance additives production line in Cangzhou, China
Clariant is expanding its Cangzhou production site for the manufacture of the multifunctional additive Nylostab S-EED. The new, second production line in the Hebei Province of China, will jointly be owned and operated by Clariant and its local partner Beijing Tiangang Auxiliary Co., Ltd.
NEXTCHEM (MAIRE) signs toll manufacturing agreement with Röhm for chemical recycling of PMMA
MAIRE has announced that NEXTCHEM (Sustainable Technology Solutions), through its subsidiary MyRemono, has signed a toll manufacturing agreement with Röhm under which Röhm will supply PMMA scrap material feedstock to be processed and chemically transformed by MyRemono into ultra-pure monomers with virgin-like quality.
Gevo and LG Chem extend agreement for bio-propylene to accelerate commercialization using Gevo ethanol-to-olefins technology
Gevo, Inc. and LG Chem, Ltd. are extending their joint development agreement to assess existing assets for deploying Gevo’s ethanol-to-olefins (ETOs) technology while accelerating commercialization activities, considering project scale and end-product markets.
China’s refined oil consumption peaked in 2023, CNPC says
China's refined oil consumption peaked in 2023 at 399 MM tonnes (t) (7.98 MMbpd) and is expected to fall 1.3% to 394 MMt in 2024, the CNPC Economics & Technology Research Institute said on Friday
Orlen halts Olefins III project due to ballooning costs
The ORLEN Management Board has decided to halt the Olefins III project after determining that the actual implementation costs would have exceeded the initial estimates by sixfold. The project's cost has ballooned to more than $12 B.
BASF and INOCAS sign agreement to develop sustainable Macaúba oil supply in Brazil to produce bio-naphtha
BASF and INOCAS sign offtake agreement for Macaúba kernel oil and Macaúba pulp oil to further expand BASF’s renewable-based portfolio.
bp extends GFA with ABB as supplier of automation across upstream/downstream assets
ABB has extended its relationship with bp through signing a five-year Global Frame Agreement to supply automation, electrical and telecommunications equipment across bp’s upstream and downstream assets and facilities.
BASF starts up its expanded ammonium chloride plant in Ludwigshafen
BASF has expanded the production of ammonium chloride at its Ludwigshafen, Germany site, increasing capacity by 50% and improving product quality.
Gentari to supply large-scale, carbon-free energy to AMG Ammonia's new green ammonia facility
Gentari will be supplying 650 MW round-the-clock, carbon-free energy to power AMG Ammonia's upcoming green ammonia facilities, under a long-term Power Purchase Agreement.
Russian petrochemicals giant Sibur plans IPO in coming months
Russian petrochemicals giant Sibur plans to list about 2% of its shares in an initial public offering on Russia's Eastern Exchange in the coming months. Russian listings have been thin on the ground since the exodus of Western capital after Moscow sent troops into Ukraine in February 2022, but a handful of small capital raises dominated by local retail investors has breathed some life into moribund equity capital markets.
- IRPC extends abstracts deadline following strong industry interest 4/7
- Update: IATA airlines chief warns aviation industry falling behind on net-zero 4/7
- Improved recycling of plastic from packaging waste 4/7
- India not to raise petrol, diesel retail prices despite tax hike 4/7
- China teapot oil refiners improve run rates but demand woes, sanctions weigh 4/7
- U.S. refiners' shares hit near 2-yr lows as Trump tariffs spur fuel demand fears 4/7
