Oil Natural Gas Commission (ONGC) will become Net-Zero by 2038 and invest Rs 1 trillion ($12.1 billion) by 2030 on energy transition projects to reduce carbon emissions, Arun Kumar Singh, Chairman & CEO, ONGC announced during an interaction with the journalists in Mumbai on 29 May 2023. By doing so, the Energy Maharatna will prepare … Read more
The Chemours Company, DuPont de Nemours, Inc., and Corteva, Inc. announced they have reached an agreement in principle to comprehensively resolve all PFAS-related drinking water claims of a defined class of public water systems that serve the vast majority of the United States population. The class includes water systems with a current detection of PFAS … Read more
The Chemours Company has entered into a definitive agreement to sell its Glycolic Acid business for $137 million in cash to PureTech Scientific Inc., a company founded and backed by Iron Path Capital. With this acquisition, PureTech Scientific is positioning itself to become the global leader in organic synthesis of ultra-high purity alpha hydroxy acids … Read more
LG Chem Ltd., South Korea’s leading chemicals company, has recently commenced the construction of its fourth carbon nanotube (CNT) plant in the country. The new facility, named CNT 4, will be located in LG Chem’s Daesan complex, situated in Seosan, approximately 83 kilometers away from Seoul. This expansion aims to significantly increase the production capacity … Read more
Shell has recently come under scrutiny for breaching emissions limits at its Monaca polyethylene complex in Beaver County, Pennsylvania. The violations have raised concerns among residents and environmentalists due to the potential health risks associated with increased air pollution. Shell has acknowledged exceeding the total emission limitations for air contaminants at its Pennsylvania plant, primarily … Read more
Azelis, a leading innovation service provider in the specialty chemicals and food ingredients industry, announces that it has signed an agreement to acquire 100% of the shares of Sirius International, a well-established distributor of specialty chemicals in the Benelux market. This acquisition complements Azelis’ lateral value chain in-home care and industrial cleaning with an attractive … Read more
LanzaTech Global, Inc. and Plastipak Packaging, Inc. announced they have successfully produced PPKNatura, the world’s first polyethylene terephthalate (PET) resin made from captured carbon emissions. The resin is suitable for food, personal care, and pharmaceutical packaging, as well as other non-packaging applications. PET is a polymer that is molded into plastic bottles and containers for … Read more
China Petroleum & Chemical Corporation has signed a key terms agreement with KazMunayGaz, the national operator of the oil and gas industry of Kazakhstan, for developing a polyethylene project in the Atyrau Region on May 18 in Xi’an, China. The agreement, signed during Kazakh President Kassym-Jomart Tokayev’s visit to China, marks that Sinopec will participate … Read more
Dow, a global chemical company, has entered into a significant long-term supply agreement with New Energy Blue in North America. The partnership aims to produce bio-based ethylene from renewable agricultural residues, specifically corn stover (stalks and leaves). This collaboration marks Dow’s commitment to reducing carbon emissions in plastic production and utilizing sustainable feedstocks for recyclable … Read more
Air Products, a leading industrial gas giant, has recently signed a significant $1 billion investment agreement with the Government of the Republic of Uzbekistan and Uzbekneftegaz JSC (UNG). The agreement entails the acquisition, ownership, and operation of a natural gas-to-syngas processing facility in Qashqadaryo Province, Uzbekistan. This move highlights Air Products’ commitment to expanding its … Read more
Thyssenkrupp nucera AG & Co. KGaA is partnering with OxyChem to install the latest generation eBiTAC v7 electrolyzers to support the conversion of its Battleground plant in LaPorte, Texas, from the diaphragm to membrane chlor-alkali technology. “The fact that OxyChem has contracted us for the important retrofit of its large chloralkali plant makes us very … Read more
McDermott, a global leader in engineering and construction services, has been awarded a significant project management consultancy (PMC) contract by India Oil Corporation Limited (IOCL). The contract entails the development of the Maleic Anhydride (MAH) unit at the Panipat Refinery and Petrochemical Complex, situated approximately 62 miles (100 kilometers) from New Delhi, India. Scope of … Read more
GHCL Ltd, one of the largest soda ash and industrial salt manufacturers in India, is planning to invest Rs. 65 billion to establish a one-million-tonne soda ash plant in Kutch, Gujarat, over a period of six years. With this investment, the company aims to nearly double its production capacity, targeting a 30% market share in … Read more
TANFAC Industries Limited has obtained the necessary approval from the Tamil Nadu Pollution Control Board to proceed with the proposed expansion of their Hydrofluoric Acid Plant in Cuddalore. The expansion will increase the plant’s capacity by 14,850 MT, with an estimated project cost of Rs 1 billion. This will help the Company to complete the … Read more
German materials manufacturer Covestro inaugurated a new production line for high-performance Thermoplastic Polyurethanes (TPUs) that will be used for the production of paint protection films (PPF). The new line is located at the company’s existing site in Changhua, Taiwan. The investment and the expansion of its production capacities for high-performance Thermoplastic Polyurethanes at the site … Read more
Johnson Matthey (JM), a global leader in sustainable technologies, and Hystar, a Norwegian high-tech hydrogen company, have signed a three-year strategic supply agreement to ramp up renewable (green) hydrogen production. This delivers on JM’s published milestone of winning at least two strategic partnerships in Hydrogen Technologies by the end of 2022/23. JM will supply membrane … Read more
IMCD N.V., a leading distributor, formulator, and solutions provider of speciality chemicals and ingredients, announced that IMCD has signed an agreement to acquire 100% of the shares of the speciality distribution company, Euro Chemo-Pharma Sdn Bhd and its wholly owned subsidiary, Biofresh Green Sdn Bhd. Euro Chemo-Pharma was founded in Malaysia in 1975, offering a … Read more
Petrofac, a leading international service provider to the oil and gas industry, has been granted a conditional award by STEP Polymers SPA, a wholly-owned subsidiary of Sonatrach, to undertake a significant petrochemical project in Algeria. The project, valued at approximately $1.5 billion, will contribute to the Arzew Industrial Zone’s development, located west of Algiers. This … Read more
Bharat Petroleum Corporation (BPCL) has recently obtained approval from its board of directors for a significant undertaking known as the Ethylene Cracker Project. Ethylene Cracker Project at Bina Refinery This ambitious project encompasses the establishment of downstream petrochemical plants and the expansion of the Bina Refinery in Madhya Pradesh State. With a projected capital expenditure … Read more
Royal Vopak, a leading global provider of storage and handling solutions for liquid chemicals, gases, and oil products, has announced a binding agreement to sell its terminal in Savannah, USA to BWC Terminals, a US-based bulk liquids storage company. This divestment aligns with Vopak’s strategic goals to enhance its financial performance, expand its presence in … Read more