Polymers
INEOS Enterprises to sell Composites business to KPS Capital Partners for €1.7 B
INEOS Enterprises has entered into an agreement for the sale of the INEOS Composites business to KPS Capital Partners, LP for an estimated consideration of €1.7 B at completion. INEOS Composites is a leading global manufacturer of unsaturated polyester resins, vinyl ester resins and gelcoats used in the production of plastic composites for a wide range of applications across large global end-markets.
MHI Compressor delivers critical turbomachinery for Texas ethane cracker
Mitsubishi Heavy Industries Compressor International Corporation (MCO-I), a leader in the design and manufacturing of compressors, steam turbines and associated auxiliaries, has successfully manufactured, tested and shipped steam turbine-driven compressor packages to Golden Triangle Polymers Co., a Chevron Phillips Chemical Co. (CPChem) and QatarEnergy joint venture, for its world-scale 2.08-MMtpy ethane cracker located in Orange County, Texas.
BASF unveils new HDPE brand Easiplas and HDPE construction milestones at Zhanjiang Verbund site
BASF has launched Easiplas, a new brand of high-density polyethylene (HDPE), alongside reaching significant construction milestones at the HDPE plant at the Zhanjiang Verbund site in China
Foundation stone laid for 1.2-MMtpy blue ammonia plant in Qatar
The facility consists of a 1.2-MMtpy ammonia production unit, along with an additional unit for CO2 injection and storage, with a capacity of 1.5 MMtpy. QatarEnergy will provide the new plant with more than 35 MW of electricity from the solar power plant currently being built in Mesaieed Industrial City, thereby becoming blue ammonia.
ADNOC launches $80-B low-carbon energy and chemicals investment company
ADNOC announced the launch of XRG, a groundbreaking international lower-carbon energy and chemicals investment company, with an enterprise value of over $80 B. XRG aims to more than double its asset value over the next decade by capitalizing on demand for low-carbon energy and chemicals.
Clariant’s MegaMax™ catalysts to power China’s first biomass-to-green methanol project
Clariant's MegaMax catalyst was selected for a China’s biomass gasification-to-green methanol project. The plant will use a combination of farm waste and wind power to produce up to 250,000 tpy of green methanol in two phases by 2027.
ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027
ExxonMobil plans to invest more than $200 MM to expand its advanced recycling operations at its sites in Baytown and Beaumont, Texas (U.S.), as well as additional investments globally to reach recycling capacity of 1 Blbs/yr by 2027.
MOL Group, KazMunayGas partner on exploring petrochemical production
MOL Group and Kazakhstani national oil company KazMunayGas have signed a cooperation agreement to jointly explore opportunities in the oil, gas and petrochemicals sector. This agreement builds on the successful JV in Kazakhstan, where MOL, KMG and Sinopec have been producing gas and gas condensate at the Rozhkovskoye field.
Syensqo expands U.S. production capacity for advanced polymers
Syensqo has significantly increased its U.S. production capacity for its Udel polysulfones sulfone advanced polymers used in critical health, water and energy applications.
Sinopec, Aramco start building $10-B petchem complex in China's Fujian province
Sinopec Corp and Saudi Aramco have started constructing a $10-B refinery and petrochemical complex in southeast China's Fujian province, marking another big investment in the country's recent wave of petrochemicals expansions.
- SAMSUNG E&A holds contract ceremony for $354-MM bio plant 3/24
- MOL Chemical Tankers concludes time charter contract for ammonia dual-fuel vessels with CMB.TECH 3/24
- PowerCell secures 2-MW order for M2Power 250 systems in maritime sector 3/24
- Baghdad waste-to-energy project marks a step towards a more sustainable future with SUS ENVIRONMENT support 3/24
- thyssenkrupp Uhde secures landmark contract for GNFC's new nitric acid plant 3/24
- EIA: Jet fuel made up a record share of U.S. refinery output in 2024 3/24
