Polymers
VTT opens a pilot plant in Finland utilizing captured CO2 to produce recyclable plastics
VTT, LUT University and companies have opened a pilot plant in Espoo, Finland, to process captured CO2 into compounds that can replace fossil raw materials in plastic products and chemicals.
Bharat Petroleum Corp. Ltd. selects multiple Lummus Technology for Bina expansion project in India
BPCL has selected Lummus Technology to provide multiple technologies for the Bina Petrochemicals and Refinery Expansion project in Bina, Madhya Pradesh State, India. Once complete, the facility will produce 1.2 MMtpy of ethylene and 550,000 tpy of propylene.
Honeywell UOP and Repsol to collaborate on renewable fuel development
The companies plan to scale and commercialize Honeywell's technologies, which use various wastes like fats, oils, greases, biomass and solids for chemical production and renewable fuels at Repsol’s refineries.
Aramco to buy stake in JV Petro Rabigh from Sumitomo Chem
Saudi Aramco will buy from Japan's Sumitomo Chemical a 22.5% stake in their petrochemical JV Petro Rabigh for $702 MM, as part of a turnaround plan for the loss-making venture. Under the deal, Aramco and Sumitomo Chemical will each provide $702 MM in funding to Petro Rabigh and waive loans worth a total $1.5 B.
BASF switches their portfolio to bio-based ethyl acrylate
BASF announced the biotransformation of their (Meth)acrylate portfolio, switching the production to bio-based ethyl acrylate starting Q4 2024.
Mitsubishi Heavy Industries, Taiwan Fertilizer sign MoU to study a fuel ammonia value chain in Taiwan
Mitsubishi Heavy Industries, Ltd. has entered into a Memorandum of Understanding with Taiwan Fertilizer Co., Ltd. to conduct a joint pre-feasibility study that will explore the establishment of an ammonia value chain in Taiwan, in support of Taiwan's "2050 Net-Zero Emissions" goal.
OCI Global to sell its clean ammonia project in Texas (U.S.) to Woodside Energy for $2.35 B
OCI Global has entered into a binding equity purchase agreement for the sale of 100% of its equity interests in OCI’s 1.1-MMtpy clean ammonia project under construction in Beaumont, Texas to Woodside Energy Group Ltd for $2.35 B.
Shard Capital proposes $7-B petrochemical complex in Egypt
Egypt's Ministry of Petroleum and Mineral Resources announced that Shard Capital has proposed constructing a $7-B petrochemical complex in Egypt's New Alamein Industrial Zone.
Indorama Ventures joins the T-REX Project to revolutionize textile recycling
This ambitious initiative aims to establish a harmonized EU blueprint for the closed-loop sorting and recycling of household textile waste to help the fashion industry transition towards a more circular and sustainable future.
Clariant, OMV aim to reduce carbon footprint of ethylene and ethylene oxide derivatives
Clariant and OMV sign a letter of intent to accelerate the transition towards renewable carbon in the European ethylene supply chain.
- 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
- Update: India's fuel demand hits 10-month high in March 4/7
