Chemical/Petrochemcial News
Pipelines
The Chemical Business Association (CBA) has released results from the latest quarterly supply chain survey.
The most recent survey, which shows results from the first quarter of 2024, builds on the optimism seen in the final quarter of 2023, with 31% of respondents reporting improvements in their order books over the previous 3 months, more than double the same period last year, where only 15%…
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Pipelines
Scottish technology-led producer of green chemicals Celtic Renewables has launched its latest crowdfunding campaign with Crowdcube aiming to raise a minimum of £2.75 million (€3.2 million) to boost operational capacity and scale revenue growth.
Celtic Renewables is the first in the world to produce and supply green chemicals to lower the carbon footprint of thousands of products like…
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Valves
IMI has launched its first control valve for urea plants, which is set to be installed at a major fertiliser plant in the MEA region f later this year.
The newly designed urea valve draws on IMI’s extensive expertise in designing, installing and maintaining valves in power plants and oil and gas refineries, as well as extensive engagement with the industry.
The valve is a product of IMI’s…
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Pipelines
Shell Singapore has reached an agreement to sell its Energy and Chemicals Park in Singapore to CAPGC - a joint venture company between Chandra Asri Capital and Glencore Asian Holdings.
The transaction will transfer all of Shell’s interest in Shell Energy and Chemicals Park Singapore to CAPGC.
“This agreement marks a significant step in Shell’s ongoing efforts to high-grade our chemicals…
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Pipelines
bp has signed an eight-year offtake agreement with Circtec.
This is a UK-based technology company that develops and operates pyrolysis chemical process technology and whose plants convert hard-to-recycle waste tyres into HUPATM - Circtec’s proprietary renewable drop-in marine fuel, and circular naphtha petrochemical feedstock.
Under the agreement bp is committed to purchasing up to 60,000…
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Pipelines
Aramco has entered into discussions with Hengli Group regarding the potential acquisition of a 10% stake in Hengli Petrochemical - subject to due diligence and required regulatory clearances.
The companies signed a Memorandum of Understanding (MoU) regarding the proposed transaction, which aligns with Aramco’s strategy to expand its downstream presence in key high-value markets, advance its…
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Pipelines
SINOPEC has become a shareholder in the Kazakhstan’s polyethylene project.
Prime Minister Olzhas Bektenov met with Sinopec president Zhao Dong and CEO of SIBUR Mikhail Karisalov to discuss the collaborative development of an integrated gas-chemical complex for polyethylene production.
With a capacity of 1.25 million tonnes per year, the project will eventually represent 1% of global…
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Pipelines
Neste has successfully conducted its first processing trial run with a new challenging raw material, liquefied discarded tyres in its efforts to advance chemical recycling.
In the processing run, Neste produced high-quality raw material for new plastics and chemicals.
Neste sourced pyrolysis oil derived from discarded vehicle tyres by Scandinavian Enviro Systems, a Swedish company developing…
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Pipelines
Cepsa has signed an agreement with Evos, a liquid energy and chemical storage company, to enable the storage of green methanol to be produced by Cepsa at Evos’ storage facilities in Algeciras and Rotterdam.
The partnership, which also provides for the storage of green ammonia at Evos’ facilities in Algeciras, facilitates the logistics for the transport of green hydrogen products between key…
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Pipelines
Neste and South Korean chemical company Lotte Chemical are teaming up to make chemicals and plastics more sustainable.
The companies are embarking on a strategic collaboration to replace fossil resources with renewable raw materials in the manufacturing of chemicals and plastics.
This will enable products and applications with a lower carbon footprint compared to those produced from fossil…
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Pipelines
ACME Group and Hydrogenious LOHC Technologies have signed a memorandum of understanding (MoU) to collaborate on a feasibility study to explore the joint development of large-scale hydrogen supply chains from ACME’s projects in Oman to supply hubs in Europe using the innovative LOHC technology.
Both parties intend to extend the partnership to evaluate the hydrogen value chain from USA to…
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Pipelines
Clariant and its process partner Lummus Technology have been selected by Huizhou Boeko Materials to provide their CATOFIN catalyst and process technology for the dehydrogenation of isobutane at the new plant in Huizhou City, China.
The process technology is exclusively licensed by Lummus Technology, while the tailor-made catalyst is supplied by Clariant. It is the first time Huizhou Boeko will…
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Pipelines
Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced that SABIC Fujian Petrochemical’s grassroots complex will leverage its ethylene and co-monomer technologies.
SABIC Fujian Petrochemicals is a joint venture between SABIC Industrial Investment Company and Fujian Fuhua Gulei Petrochemical.
On January 22, SABIC announced the final…
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Other
The British Pump Manufacturers Association (BPMA) was delighted to return to the famous St George’s Park in Staffordshire on 14 March for the staging of its 2024 Pump Industry Awards presentation evening.
With a record number of submissions across the eight categories, this year’s awards programme again produced some truly exceptional entries from right across the pump manufacturing and…
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Pipelines
Clariant and its process partner Lummus Technology have been selected by Huizhou Boeko Materials to provide their CATOFIN catalyst and process technology for the dehydrogenation of isobutane at the new plant in Huizhou City, China.
The process technology is exclusively licensed by Lummus Technology, while the tailor-made catalyst is supplied by Clariant.
It is the first time Huizhou Boeko…
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Pipelines
Topsoe has reached an important milestone at the inaugural demonstration test for its Solid Oxide Electrolyser Cell (SOEC) electrolysis technology.
Held at the company’s demonstration site in Frederikssund, Denmark, Topsoe ran a 2,000-hour demonstration in industrial conditions of 12 SOEC stacks, which included 1,200 cells.
The purpose was to demonstrate the technology’s capabilities in a…
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Pipelines
LyondellBasell said it was seeing a better market in North America for its chemicals this year due to low ethane feedstock costs and better petroleum spreads, while the markets in Europe and China continue to be weaker.
With petroleum refining margins improving from the last quarter of 2023, the oxyfuels and refining segment was seeing an uptick, CEO Peter Vanacker said at the JP Morgan…
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Other
SABIC, a global leader in the chemical industry, welcomed Queen Máxima of the Netherlands to its Plastic Energy advanced recycling unit and the SABIC-owned hydrotreater unit.
The visit formed part of a broader working visit of the Queen to the Chemelot industrial site in Geleen, the Netherlands, to understand the efforts taking place on site in the field of circularity and sustainability.
The…
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