bp has launched the HyVal green hydrogen cluster in Valencia, a public-private collaborative initiative that aims to develop up to 2GW of electrolysis capacity by 2030 for green hydrogen production. The initiative is led by bp and will play an instrumental role in decarbonizing the Castellón refinery’s operations, including the use of green hydrogen, biofuels, … Read more
BP’s Aromatics and Acetyls business consists of 15 sites across the world (5 in the Americas, 2 in Europe and 8 in Asia) as well as 10 leading joint ventures. INEOS announced its intention to purchase the global Aromatics and Acetyls businesses of BP for a consideration of $5 billion. Aromatics provide the building blocks … 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
ALPLA, Britvic, Danone, Unilever, REMONDIS and BP – leading companies operating across the polyethylene terephthalate (PET) plastic packaging value chain announced they have formed a new consortium that aims to help to address the problem of plastic waste by accelerating the commercialisation of BP Infinia enhanced recycling technology. BP Infinia is designed to turn opaque … Read more
BP and China’s Zhejiang Petroleum and Chemical Corporation (ZPCC) have signed a memorandum of understanding (MOU) to explore the creation of a new equally-owned joint venture to build and operate a 1 million tonne per annum (tpa) acetic acid plant in eastern China. A proposed plant in Zhoushan, Zhejiang Province would produce acetic acid – … Read more
Bunge Limited , a leader in agriculture, food and ingredients, announced an agreement with BP plc to form a 50:50 joint venture that will create a leading bioenergy company in Brazil. The joint venture, to be called BP Bunge Bioenergia, will operate on a stand-alone basis, with a total of 11 sites located across the … Read more
Socar and BP announced the construction of a new petrochemical complex for the production of aromatics and PTA (purified terephthalic acid) in Aliagha, Izmir, Turkey. The construction of the project is scheduled to start in 2020 and is planned to be launched by late 2023. “Aromatics factory will produce 830,000 tonnes of paraxylene, nearly 400,000 … Read more
BP, Nouryon and the Port of Rotterdam have partnered to explore the opportunity of making ‘ green hydrogen’ via water electrolysis for BP’s refinery in Rotterdam, the Netherlands. According to Nouryon, green hydrogen produced from water using renewable energy could potentially lead to a 350,000 tons reduction in CO2 emissions per year. The three partners have signed … Read more
BP, Virent Inc. and Johnson Matthey (JM) have signed an agreement to further advance the commercialization of Virent’s Bioforming ® bio – paraxylene (PX) production process, a key raw material for renewable polyester production. Developed in partnership with JM, Virent’s Bioforming ® technology produces recycling products from renewable sources that can be used to produce … Read more