Cyclyx International, a joint venture between Agilyx and ExxonMobil, announces LyondellBasell has acquired 25% equity ownership of the joint venture (JV). LyondellBasell joining Cyclyx, which was formed in December 2020, further accelerates innovation and development of the necessary infrastructure for a nationwide circular economy for plastics. “Investing in plastic waste value chain experts such as … Read more
Jakson Green, a prominent player in the sustainable energy sector, announced a groundbreaking collaboration. The company has entered into an initial agreement with the Deendayal Port Authority to establish a state-of-the-art green ammonia plant at Kandla Port in Gujarat, marking a pivotal moment in India’s transition towards sustainable energy sources. In a statement released by … Read more
Sinopec, one of China’s leading state-owned oil and petrochemical companies, has recently entered into an equity agreement with Kazakhstan’s state-owned oil and gas firm, KazMunayGas JSC (KMG), to secure a 30% stake in an upcoming polyethylene project located in Kazakhstan. This significant development was officially confirmed by Sinopec in a statement released on Tuesday. The … Read more
Brazilian chemical group Unipar Carbocloro will modernize its chlor-alkali plant in Cubatão, Brazil, with electrolyzer technology from Dortmund, Germany-headquartered Thyssenkrupp Nucera. The upgrade is scheduled to be completed by the end of 2025. According to Thyssenkrupp, Unipar will invest more than 1 billion reais (about €190 million) in the modernization. The contract awarded to Thyssenkrupp … Read more
Proman has signed an MoU with Mitsubishi Corporation to explore building a world-scale ultra-low-carbon ammonia facility in Lake Charles, Louisiana. The proposed plant would produce approximately 1.2 million tonnes per year of clean ammonia by incorporating state-of-the-art carbon capture and sequestration technology. The proposed ultra low-carbon ammonia facility will be located on Proman’s existing site … Read more
In line with its customer-focused corporate strategy, BASF has expanded capacities for ethylene oxide and ethylene oxide derivatives at its Verbund site in Antwerp, Belgium. The investment adds about 400,000 metric tons per year to BASF’s production capacity for the corresponding products. “With the new plants we are supporting the continuous growth of our customers … Read more
Ras Laffan Petrochemicals, a joint venture company owned 30% by Chevron Phillips Chemical and 70% by QatarEnergy, today announced that it has secured $4.4 billion to finance an integrated polymers facility to be located in Ras Laffan Industrial City, Qatar. The project financing comprises commercial and Islamic lenders and a group of export credit agencies. … Read more
Tokyo-based INPEX Corporation, Paris-based Air Liquide Group, Oklahoma City-based LSB Industries, Inc., and Houston-based Vopak Moda Houston LLC have agreed to collaborate on the pre-FEED for the development of a large-scale, low-carbon ammonia production and export project on the Houston Ship Channel. If the development proceeds, the project’s first phase is targeted to produce more … Read more
TPC Group has announced that it has completed the initial phase of its di-isobutylene (DIB) capacity upgrade to supply the growing global demand for DIB driven by the adoption of low global warming potential refrigerants. These next-generation refrigerants are mandated by the Kigali Amendment to the United Nations’ Montreal Protocol, which is estimated to reduce … Read more
Eastman Chemical Company announced it has entered into a definitive agreement to sell its Texas City Operations, located in Texas City, Texas, to INEOS Acetyls, a global manufacturer and supplier of acetic acid and related chemicals owned by the INEOS Group. Texas City Operations is currently part of Eastman’s Chemical Intermediates segment. Eastman will retain … Read more
Cinis Fertilizer AB has signed an agreement with Ascend Elements, Inc., a leading American manufacturer of engineered battery materials. The agreement pertains sourcing of sodium sulphate, an input for Cinis Fertilizer’s production of environmentally friendly mineral fertilizer. This agreement and collaboration with K+S Minerals and Agriculture GmbH, a global potash player and Europe’s largest salt … Read more
ExxonMobil announced the startup of two new chemical production units at its Baytown, Texas, manufacturing facility. The $2 billion expansion is part of ExxonMobil’s long-term growth plans to deliver higher-value products from its U.S. Gulf Coast refining and chemical facilities. “With the startup of these two new lines, ExxonMobil is delivering high-value materials for a … Read more
KBR announced today it has been awarded a license and engineering design contract by Hanwha Impact Corporation for the world’s first commercial ammonia cracking unit using KBR’s leading H2ACTSM technology in Daesan, Republic of Korea. In this largest capacity ammonia cracking plant announced to date, clean hydrogen will serve a planned power plant in Daesan, … Read more
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
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
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