Aramco has successfully closed a landmark transaction to acquire a 10% interest in Rongsheng Petrochemical for RMB 24.6 billion (€3 billion). This has been done through its subsidiary Aramco Overseas Company, based in the Netherlands. The acquisition follows the signing of definitive strategic agreements by both parties announced on March 27. It represents the continued... [Read More]

Masdar, Mitsubishi Chemical Group Corporation and Inpex Corporation are to conduct a joint feasibility study for a carbon recycle chemicals project. This will include production of the world’s first commercial-scale polypropylene produced from CO2 and green hydrogen in Abu Dhabi, United Arab Emirates. The execution of the agreement was announced during the JAPAN-UAE... [Read More]

Linde has signed a series of contracts with Wanhua Chemical Group - expanding the companies’ cooperation across multiple key sites in the country. In Fujian province, Linde will acquire three air separation units (ASUs) from Wanhua, including two ASUs that are currently under construction and expected to start up in 2024 and 2025, respectively. Linde will enter into... [Read More]

TotalEnergies, Aramco and SABIC have successfully converted oil derived from plastic waste into ISCC+ certified circular polymers in the Middle East and North Africa for the first time. The plastic pyrolysis oil, also called plastic waste derived oil (PDO), was processed at the SATORP refinery jointly owned by Aramco and TotalEnergies, in Jubail, Saudi Arabia. It was... [Read More]

Technip Energies and LanzaTech Global have signed a joint collaboration agreement to create a new pathway to sustainable ethylene - utilising their combined technologies. LanzaTech’s carbon capture and utilisation technology, together with Technip Energies’ Hummingbird® technology, will transform waste carbon into ethylene. The production process of ethylene is... [Read More]

INEOS has signed a deal to acquire TotalEnergies’ 50% share of Naphtachimie (720 ktpa steam cracker), Appryl (300 ktpa polypropylene business), Gexaro (270 ktpa aromatics business) and 3TC (naphtha storage), which are currently joint ventures. A number of other infrastructure assets are also contained in the deal including part of TotalEnergies ethylene pipeline network... [Read More]

Long Son Petrochemicals, owned by SCG Chemicals, will start commercial production at its petrochemical complex in southern Vietnam in September. The company is in the process of testing each operating unit at the complex, Siam Cement Group's Roongrote Rangsiyopas. Testing will be completed in July or August, so commercial operations could start around September, Reuters... [Read More]

Aramco and TotalEnergies awarded Engineering, Procurement and Construction (EPC) contracts for the $11 billion (€10 billion) Amiral complex - a future world scale petrochemicals facility expansion at the SATORP refinery in Saudi Arabia. The award of EPC contracts for main process units and associated utilities marks the start of construction work on this joint project,... [Read More]

BASF has started work on a polyethylene (PE) plant at its Verbund site in Zhanjiang, China. The new plant with a capacity of 500,000 metric tons of PE annually will serve the fast-growing demand in China. The plant is scheduled to start up in 2025. “China's demand for PE has experienced rapid growth and is going to outpace the rest of the world,” said Bir Darbar Mehta,... [Read More]

ExxonMobil Catalysts and Licensing and Axens have signed an agreement allowing Axens to include ExxonMobil’s MTBE Decomposition technology for high-purity isobutylene in its portfolio. Used in the production of high-reactivity polyisobutylene and butyl rubber, this technology enables Axens’ customers to better address the growing demand for petrochemical intermediates... [Read More]

Sustainable chemical producer Indorama Ventures and Carbios have announced the signing of a non-binding Memorandum of Understanding (MoU) to form a joint venture (JV) for the construction of one of the world’s first PET biorecycling plants in France. Indorama Ventures plans to mobilise approximately €110 million for the JV in equity and non-convertible loan financing,... [Read More]

Technip Energies, LyondellBasell and Chevron Phillips Chemical (CPChem) have announced the signing of a memorandum of understanding (MoU) for the design, construction and operation of a demonstration unit for Technip Energies’ electric steam cracking furnace technology to produce olefins. The demonstration unit will be located at LyondellBasell’s site in Channelview,... [Read More]

Neste has made the final investment decision to commence construction of upgrading facilities for liquefied plastic waste at its Porvoo refinery in Finland. With the investment of €111 million, Neste will build the capacity to upgrade 150,000 tons of liquefied waste plastic per year. Upgrading is one of the three processing steps turning liquefied waste plastic into... [Read More]

Bedford Pumps has supplied two of their fish friendly pumps to a chemical plant in Runcorn to aid in the chemical process. INOVYN ChlorVinyls, part of INEOS, is Europe’s leading producer of vinyls and manufactures in eight countries across Europe. Their Runcorn site which focuses on the production of chlorine, caustic soda and chlorinated derivatives, produces chemicals... [Read More]

px Group’s Saltend Chemicals Park in the UK has been selected as the site for a new green hydrogen facility. An investment of between £180 million (€209 million) and £240 million (€279 million) by Meld Energy, the green hydrogen industrial developer, has been made for the facility to be built in Hull. Meld Energy is an international hydrogen development company... [Read More]

Emerson is assisting the Swedish cleantech company HaloSep to optimise its unique process that turns hazardous incinerator flue gas residue from waste-to-energy plants into usable materials. The company’s control technology and software is being deployed at HaloSep’s plant for optimisation, research and technology (PORT) in Gothenburg, Sweden, to manage an innovative... [Read More]

Sinopec has sealed a deal with KazMunayGaz to kick-start a polyethylene project in the Atyrau region. The agreement with the national operator of the oil and gas industry of Kazakhstan will be the largest natural gas and chemical project in the region. Sinopec and KazMunayGaz have been long-term partners with a solid foundation of cooperation. The signing of the agreement... [Read More]