Vopak announces that it has reached an agreement with Infracapital on the sale of its three chemical terminals in Rotterdam (Botlek, TTR, and Chemiehaven) for a total purchase price of EUR 407 million including a conditional deferred payment of EUR 19.5 million. The total expected cash receipt net of transaction costs and net debt items … Read more
CF Industries Holdings, Inc., the global leader in ammonia production, has joined forces with POSCO Holdings Inc., South Korea’s foremost steel manufacturer to explore the possibility of establishing a groundbreaking joint venture. This venture aims to construct a cutting-edge low-carbon clean ammonia plant, strategically located at CF Industries’ Blue Point Complex in Ascension Parish, Louisiana, … Read more
Shanghai, China – Evonik Industries has successfully completed the relocation and expansion of its state-of-the-art precious metal powder catalyst plant, located within the Shanghai Chemical Industrial Park (SCIP). The production is poised to commence in the fourth quarter of 2023, marking a significant milestone for the company’s continued growth in the precious metal catalyst market. … Read more
On September 14, 2023, BPCL is set to commence the foundation-laying ceremony for the INR 4.9 trillion petrochemical complex and refinery expansion project at the Bina Refinery in Madhya Pradesh. Prime Minister Narendra Modi is expected to grace the occasion with his presence. BPCL’s vision for the Bina Refinery in Madhya Pradesh aligns with the … Read more
In response to the expressed interest from the Abu Dhabi National Oil Company (Adnoc), the Board of Management at Covestro AG has taken a significant step by initiating open-ended discussions with Adnoc. The outcome of these discussions, including the form and potential conditions of any agreement, remains uncertain and contingent upon the course of the … Read more
Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, has secured a significant order for the front-end engineering and design (FEED) of a hydrogen fluoride production facility, along with utility infrastructure, in the Hibikinada Oceanfront Industrial Park located in Kitakyushu City, Fukuoka Prefecture. This notable contract has been awarded by Mexichem Fluor Japan Ltd., the Japanese … Read more
The State-owned Oil and Natural Gas Corporation (ONGC) is set to inject INR 150 billion into ONGC Petro-additions Ltd (OPaL) as part of a comprehensive financial restructuring initiative. This strategic move is expected to lead to the gradual exit of gas utility GAIL from the petrochemical firm, as reported by the news agency PTI. Presently, … Read more
Mitsubishi Heavy Industries, Ltd. (MHI; Tokyo) has received an order for the front-end engineering and design (FEED) of a hydrogen fluoride production plant, including utility facilities in Hibikinada Oceanfront Industrial Park in Kitakyushu City, Fukuoka Prefecture. The order is from Mexichem Fluor Japan Ltd., the Japanese entity of Mexichem Fluor, S.A.de C.V. (Koura), a global … Read more
Operations have begun at leading chemical producer Qixiang Tengda’s new propylene oxide complex in Zibo City, China, using technology from Evonik and thyssenkrupp Uhde. The technologically integrated setup offers significant ecological and economic benefits compared to conventional production methods for propylene oxide. With the capacity to produce 300,000 tons of propylene oxide each year, the … Read more
SABIC and SINOPEC announced the commercial operation of a new polycarbonate (PC) plant at their 50-50 joint venture (JV) – SINOPEC SABIC Tianjin Petrochemical Co. Ltd. (SSTPC). Khalid Hashim Al-Dabbagh, SABIC Chairman, and Ma Yongsheng, SINOPEC Chairman attended the ceremony. Established in 2009, SSTPC is a mega-size petrochemical complex that already consists of nine world-scale … 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
Epigral, a leading integrated chemical manufacturer in India, formerly known as Meghmani Finechem, has announced a significant expansion into the production of Chlorinated polyvinyl chloride (CPVC) Compounds. Their new manufacturing plant in Dahej, Gujarat, is set to have a capacity of 35,000 Tons Per Annum (TPA) and is anticipated to be operational by the fourth … Read more
Euclid Chemical, a leading manufacturer of concrete and masonry construction products, has announced the opening of a new admixture plant in Calgary, Alberta. This facility will enable the company to better serve its customers in the region by providing high-quality admixture solutions that meet their needs. Positioned in a prime location with access to nearby … Read more
LG Chem is initiating the expansion of its business by increasing the capacity of the Cheongju plant, a production base for reverse osmosis (RO) membranes. On the 28th, the company announced that it would invest KRW 124.6 billion ($94 million) by July 2025 to expand its Cheongju plant by adding a facility capable of producing 400,000 … Read more
On August 28th, Mukesh Ambani, the Chairman of Reliance Industries Limited (RIL), announced that the company’s oil-to-chemicals business (O2C) will undergo a transformation towards becoming a sustainable, environmentally friendly, circular, and consumer-centric chemicals and materials enterprise. In response to certain shareholders who had voiced apprehensions about RIL’s refining division in light of the global shift … Read more
Covestro has completed construction on a new production facility for polyurethane dispersions (PUDs) in Shanghai, China. Once coming on stream in the first quarter of next year, the new capacity is expected to greatly address the rising demand for environmentally compatible coatings and adhesives in Asia Pacific, serving industries ranging from automotive, construction, and furniture … Read more
LyondellBasell (NYSE: LYB) announced that Jiangsu Fenghai High-Tech Materials Co., Ltd. (Jiangsu Fenghai) has selected the LyondellBasell Lupotech T high-pressure polyethylene technology for a new production site. The Lupotech T process technology will be used for a 200 kiloton per year (KTA) vinyl acetate copolymer (EVA) line. The new line will be located in Lianyungang, … Read more
Linde India has received a Letter of Acceptance from Indian Oil Corporation (IOCL) to establish an Air Separation Unit (ASU) within the Panipat Refinery Complex. The company intends to finance the capital expenditure using its own funds and internal accruals. “The company has been awarded a ‘Letter of Acceptance’ dated 22 August 2023 by Indian … Read more
DuPont announced a definitive agreement to sell an 80.1% ownership interest in the Delrin® acetal homopolymer (H-POM) business1 to TJC LP (TJC) in a transaction valuing the business at $1.8 billion. TJC has received fully committed financing in connection with the transaction, which is expected to close around year-end 2023, subject to customary closing conditions … Read more
Ningbo Ronbay New Energy Technology is set to invest a substantial CNY 2.6 billion (equivalent to $362 million) in the construction of two state-of-the-art battery materials factories in Chungju, South Korea. This ambitious move is aimed at meeting the growing demands of South Korea’s thriving battery industry and, more importantly, expanding Ronbay’s global presence. One … Read more