BASF is pressing ahead with its key growth projects, particularly its planned China Verbund site and battery technology sites in Europe, CEO Martin Brudermuller said on Wednesday, despite the need to cut costs in the wake of the coronavirus pandemic. The growth potential of the projects justifies the scale of the expenditure, Brudermuller said, despite … Read more
Givaudan, a Swiss multinational manufacturer of flavours, fragrances and active cosmetic ingredients opened its new fragrance production facility in Changzhou, China. China remains a key growth market for innovative and consumer-preferred fragranced products for Givaudan which is in line with the recently announced 2025 strategy. The Changzhou production facility, costing more than CHF 100 million … Read more
Hengli Petrochemical, a Chinese polyester manufacturer is planning to add additional two 2.5 million metric ton per year purified terephthalic acid (PTA) production unit in south China. The new units’ operations are scheduled to start at the end of 2021. Hengli will invest about 11.5 billion yuan ($1.69 billion) to build the units in the … Read more
Thyssenkrupp’s plant engineering business recently won another order to build a bioplastics plant based on the patented PLAneo technology. The plant will be built in South China and will produce 30,000 tons of polylactide (PLA) annually. PLA is a compostable bioplastic made from 100% renewable biomass, making it an eco-friendly, low-CO2 and economic alternative to … Read more
Sumitomo Chemical Co. has set up its new Zhuhai Sumika Polymer Compounds Co., Ltd. Wuxi branch, as a new production facility for polypropylene (PP) compounds, to enhance its automotive materials business in Wuxi, Jiangsu Province, China. Wuxi Plant is located on the premise of Sumika Electronic Materials (Wuxi) Co., Ltd., which is under the control … Read more
China’s Hengyi Petrochemical Co Ltd plans to spend $13.65 billion to build the second phase of a refinery and petrochemical complex, it reported in a stock filing. Hengyi, one of the few private Chinese firms operating a refinery outside China, plans to add a 14 million tonne per year (280,000 barrel per day) crude oil … Read more
LyondellBasell and China’s Liaoning Bora Enterprise Group (Bora) announced the establishment and start-up of their new joint venture polyolefin complex in the Liaoning province of northeastern China. First announced in September 2019, the 50:50 joint venture (JV) will operate under the name Bora LyondellBasell Petrochemical Co. Ltd. (BLYB). “Demand for polyolefins has returned in China … Read more
Saudi Aramco is suspending its investment in a joint venture developing a US$10-billion refinery and petrochemicals complex in China amid capex cuts, according to a Bloomberg report. The Chinese will continue with the project, while the joint venture — in which Saudi Aramco owns 35% — remains an option for the future, Bloomberg sources claim. … Read more
Clariant’s Business Line Biofuels and Derivatives announced that a strategic partnership has been formed with Chemtex Global Corporation for the realization of second-generation biofuel projects. Under the partnership, the two parties will collaborate to market and sell Clariant’s sunliquid technology licenses, as well as services and supplies for advanced biofuel plants in China. As the … Read more
BASF has acquired land, buildings and assets of SPC (Sinopec Shanghai Petrochemical Company, Ltd., China), related to alkoxylates production, adjoining the BASF Jinshan site, in order to fulfil the growing demand from customers across Asia Pacific, especially China. With the current alkoxylate line in the Care Chemicals Jinshan plant running at full capacity, this acquisition … Read more
GCL-Poly, one of the world’s top producers of polysilicon – a key ingredient for solar PV (Photovoltaics) cells – shut a major plant in China after it suffered a series of blasts, according to sources. The explosion reportedly has taken more than 10% of the global supply of the solar power raw material out of … Read more
Linde announced that it has signed a Memorandum of Understanding (MoU) with Beijing Green Hydrogen Technology Development Co., Ltd., a subsidiary of China Power International Development Ltd., to jointly promote the application and development of green hydrogen in China. Under the terms of the MoU both companies will collaborate on a variety of green hydrogen … Read more
Nouryon will start development of a world-class manufacturing facility at its current site in Ningbo, China to produce two key intermediates for its organic peroxides business: tert-Butyl hydroperoxide (TBHP) and tert-Butyl alcohol (TBA). Organic peroxides are essential ingredients in the production of polymers and composites. The manufacturing facility is scheduled to be completed in the … Read more
BP has agreed to license its latest-generation PTA technology to China’s Dongying Weilian Chemical. Under the terms of the contract, BP will license its latest generation of PTA technology to Dongying United Petrochemical for the production of purified terephthalic acid in China. A subsidiary of Dongying United Petrochemical, Weilian Chemical plans to build a 2.5 … Read more
China approved a $20 billion petrochemical project in eastern Shandong province, Reuters reported on Tuesday, citing two industry sources familiar with the approval process. China’s National Development & Reform Commission (NDRC) approved the Shandong Yulong Petrochemical project on Monday, Reuters’ sources said. The project, which includes a 400,000 barrel-per-day refinery and a 3 million tonne … Read more
During Crown Prince Mohammed bin Salman’s visit to Beijing, Saudi Aramco signed a deal for a refining and petrochemical complex in China worth more than $ 10 billion. By signing supply deals with non – state Chinese refiners, Aramco is set to boost its market share. Saudi Aramco has signed a $ 10-billion joint venture … Read more
INEOS Styrolution, the world leader in styrenics, announced the completion of the acquisition of polystyrene sites from Total S.A. after all applicable regulatory and legal approvals have been received. The transaction, which was agreed on 31 August 2018, includes the purchase of the Foshan site in South China’s Guangdong Province and the Ningbo site in … Read more