Polymers
INEOS completes purchase of LyondellBasell's EO&D facility in Bayport, Texas (U.S.)
INEOS Oxide and LyondellBasell completed the sale of LyondellBasell’s ethylene oxide and derivatives (EO&D) business and associated production facilities located in Bayport, Texas to INEOS.
Shell records nearly $8-B Q1 profit on the back of refining, chemicals/products and LNG divisions
Shell reported a Q1 profit of $7.7 B, boosted by Red Sea trading disruptions, Russian refining outages and Shell's LNG production increases.
ACC responds to U.S. EPA's final risk management rule for methylene chloride
The American Chemistry Council (ACC) issued the following statement today in response to the U.S. Environmental Protection Agency’s (EPA) final risk management rule for methylene chloride under the Toxic Substances Control Act (TSCA).
Topsoe awarded contract to support FEED study for new low-carbon ammonia plant in Louisiana (U.S.)
Topsoe will license its SynCOR Ammonia™ technology to CF Industries for a low-carbon ammonia project in Louisiana (U.S.).
Borouge increases Q1 net profit nearly 40% to $273 MM
Borouge saw its Q1 net profits increase 37% to $273 MM. Total revenue for the quarter topped $1.3 B.
Enhance ethylene cracker radiant tube integrity through innovative robotic inspection
The ethylene cracker plays a crucial role in the petrochemical industry, producing more than 200 MMtpy of ethylene globally, which is the major building block for plastics, synthetic rubber, lubricants and various chemicals.
Business Trends: Global chemicals industry outlook for 2024
After a challenging end to 2022, many in the chemical industry anticipated a modest rebound in production in 2023. However, by mid-2023, several chemical companies significantly lowered their expectations.
Global Project Data
Gulf Energy Information’s Global Energy Infrastructure (GEI) database is tracking more than 1,200 active projects in the hydrocarbon processing industry.
IOCL selects Lummus' cumene technology
Lummus Technology announced IndianOil Corp. Ltd. selected the Lummus/Versalis cumene technology for a 440 KTA unit in Paradip, India.
NextChem advances plastic upcycling with NX Replast technology, boosting the circular economy
NextChem Tech has acquired an additional 34% stake in both MyReplast Industries S.r.l. and MyReplast S.r.l. from an existing stakeholder.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
