Vopak has reached an agreement with Infracapital on the sale of its three chemical terminals in Rotterdam for a total purchase price of €407 million including a conditional deferred payment of €19.5 million. The Total expected cash receipt for Botlek, TTR and Chemiehaven, net of transaction costs and net debt items at closing, is around €368 million. The combined... [Read More]

OMV Schwechat Refinery is fully operational again following a routine inspection. The petrochemicals unit was taken out of operation as scheduled for a regular inspection required by law every six years. The aim is the thorough cleaning, inspection and maintenance of plant components as well as the modernisation of the petrochemicals unit and parts of the refining unit... [Read More]

New ASEAN Energy has been established to acquire an equity interest in a petrochemical complex in Southeast Asia - one of the fastest growing regions in the world. The complex will utilise next generation technology to generate greater efficiencies, lower production costs and low carbon and renewable energy. In recent years, the region has witnessed increasing investments... [Read More]

Neste has entered a cooperation with Suntory, ENEOS and Mitsubishi Corporation to enable the production of polyethylene terephthalate (PET) resin made with renewable Neste RE™ on a commercial scale. The introduction of bio-based materials will reduce fossil resource dependence in the PET value chain. Neste RE is a feedstock for polymers production, made 100% from... [Read More]

BASF has commenced construction of its syngas plant at the Verbund site in Zhanjiang, China. This world-scale syngas facility, fully integrated into the Verbund site, is scheduled to start up in 2025. BASF will adopt unique process concepts in the syngas plant to reduce carbon emissions compared to conventional syngas plants, contributing to BASF’s sustainability... [Read More]

Braskem and SCG Chemicals, a leading petrochemical company in Thailand and south east Asia, have signed a joint venture agreement to create Braskem Siam Company Limited. Subject to clearance from the relevant anti-trust authorities and final investment decision by the partners, this joint venture aims to produce bioethylene from bioethanol dehydration. The aim is to... [Read More]

The petrochemicals unit at the OMV Schwechat Refinery is fully operational after being taken out of operation for a regular inspection required by law every six years. The aim was the thorough cleaning, inspection and maintenance of plant components as well as the modernisation of the petrochemicals unit and parts of the refining unit. The units for fuel production... [Read More]

Aramco and TotalEnergies have awarded engineering, procurement and construction (EPC) contracts for the $11 billion (€9.9 billion) Amiral complex - a petrochemicals facility expansion at the SATORP refinery. The award of EPC contracts for main process units and associated utilities marks the start of construction work on the joint petrochemical expansion, following... [Read More]

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]