Polymers
Indonesia, Taikun Petrochemical affirm commitment for $5.95 billion project
Indonesia signed a memorandum of understanding with PT Taikun Petrochemical to affirm a commitment to invest $5.95 B to build a petrochemical production facility in North Kalimantan, the economic ministry said.
China's Shandong Yulong Petrochemicals to invest > $16 B to incorporate petrochemicals production at Yantai refinery
China's Shandong Yulong Petrochemical plans to invest $117.86 billion yuan ($16.42 billion) to produce chemicals at its refinery complex in Yantai, according to a government notice detailing the provisional plan.
Orlen's Unipetrol will start commissioning ethylene unit after power outage experienced earlier in July
The company expects full resumption of operations in the petrochemical part of the complex and simultaneous increase of production in the refinery section to standard levels by the beginning of next week.
Dow forecasts sales below estimates, slashes dividend as downturn takes a toll
Dow halved its dividend and forecast third-quarter revenue below analysts' expectations as the chemicals maker navigates a prolonged downturn in the industry, sending its shares down nearly 10% in premarket trading.
Evonik uses green electricity for polybutadiene production in Marl, Germany
Since July 1, Evonik's Coating & Adhesive Resins Business Line has been using green electricity for polybutadiene production in Marl, Germany. The initiative is part of Evonik's sustainability strategy, which aims to achieve the Group's environmental goals by 2030, including reducing Scope 1 and Scope 2 emissions by 25% from 2021 to 2030.
Data and digital: TotalEnergies and Emerson sign a strategic collaboration to boost the value of industrial data
TotalEnergies and Emerson’s Aspen Technology business have announced a strategic collaboration to deploy advanced digital technologies for the continuous, real-time collection of data from TotalEnergies’ industrial sites.
Europe's chemical industry seeks a lifeboat to stay in business
Europe's petrochemical industry is unravelling under a wave of plant closures after years of losses and a rapid expansion of global capacity led by China.
German chemical lobby VCI sees no sector recovery before 2026
Germany's chemical industry lobby VCI does not expect a sector upswing before 2026, even though the rapid downtrend the chemical-pharmaceutical industry has seen in recent years seems to be over.
INEOS Styrolution launches bio-attributed polystyrene for food packaging
Styrolution® PS 158K BC100 uses an ISCC-certified mass balance approach and is made from 100% bio-attributed feedstock.
Dow to close three European chemical plants, cut 800 jobs
Dow Chemical will shut down three chemical plants in Europe and cut around 800 jobs in response to structural challenges in the region, the chemicals company said. The company said the shutdowns will remove higher-cost, energy-intensive portions of Dow's portfolio in Europe.
- Aster Chemicals declares force majeure at Singapore naphtha cracker 8/29
- Orlen signs 1-yr deal with Equinor for supply of 15% oil it uses 8/29
- Novatek partially resumed processing at Ust-Luga complex 8/29
- Phillips 66 to begin winding down Los Angeles-area refinery next week 8/29
- Update: Mexico's Minatitlan refinery back online, Olmeca still down 8/29
- SIBUR produces test batch of first hexane plant in Russia 8/28
