Clariant, a focused, sustainable, and innovative specialty chemical company, announced that it has reached a definitive agreement for the divestment of its Quats business to Global Amines Company Pte. Ltd.
The Group of Seven finance ministers plan to implement a price cap on Russian-origin crude oil and petroleum products.
One hundred years ago, a group of individuals saw a need to disseminate the latest technologies and know-how to improve refining operations, safety, management and profitability. At the time, World War 1 had ended roughly 4 yr prior, and global gasoline demand expanded immensely. In turn, new refining capacity was being built around the world to increase production to satisfy burgeoning demand. Simultaneously, new discoveries were being made to produce plastics, fertilizers and other petrochemical products.
This final installment of the History of the HPI series details major events in the refining and petrochemicals industry over the past 20 yr, including stricter regulations/initiatives to curb carbon emissions, a safer and more environmentally friendly way to produce and handle chemicals, significant capital investments to boost production capacity and digital transformation.
Axens and Hyundai Chemical Co. successfully achieve the start-up of the pyrolysis gasoline (Pygas) unit, part of the Hyundai Chemical petrochemical grassroots complex in Daesan, South Korea.
In case you missed any downstream news, here are the top stories from last week.
PetroChina Dagang Petrochemical Company successfully commissioned a 150,000 tpy Ionikylation unit for the production of high octane alkylate. Start-up activities were completed mid-August.
The aim is to provide an interoperable interface between PLC / DCS and instrumentation devices, such as transmitters, instruments, and actuators. The solution shall support different industries such as oil & gas, pharmaceuticals, chemicals, energy, water & wastewater, and pulp & paper.
Wood has secured two new contracts from Enter Engineering with a combined value of over $200 MM, to deliver major capital investment projects in Uzbekistan.
Baker Hughes has announced an agreement to acquire Quest Integrity for technology-enabled asset inspection and reliability management solutions across the pipeline, refining, petrochemical and power generation sectors.