Arkema to build its new world-scale plant dedicated to the manufacture of the amino 11 monomer and its flagship Rilsan polyamide 11 resins at the Jurong Island in Singapore. With this 50% increase in its global capacities announced in July 2017, the Group supports strong demand from its customers in Asia for high-performance bio-sourced solutions … Read more
Indorama Ventures Public Company Limited announced on Friday that its indirect subsidiary Indorama Ventures Olefins LLC has achieved mechanical completion of its ethane cracker and is undergoing trial runs. Located at Westlake, LA, USA, Indorama Ventures Olefins LLC (IVOL) is a manufacturer of Ethylene from Ethane with annual capacity of 440,000 MT. IVOL has stabilized … Read more
Trinseo announced on Thursday that it has signed a definitive agreement with The Dow Chemical Company to acquire latex production facilities and related infrastructure at Rheinmunster, Germany. The transaction is expected to close in the second half of 2019, following European Union regulatory approval and customary closing conditions. Consideration for the transaction is approximately €40 … Read more
Linde announced on Thursday that it has started up a new air separation unit to supply 700 tons-per-day of gaseous nitrogen to support Samsung in Tangjeong, South Korea. This is the company’s fourth air separation plant at the facility. Linde’s nitrogen is used to cool and purge applications in Samsung’s manufacturing process. “Linde has worked … Read more
AmSty and Agilyx announce they have formed a joint venture, Regenyx LLC, to recycle post-consumer polystyrene materials back to new polystyrene products. Regenyx will utilize Agilyx’s chemical recycling process to convert used polystyrene products back to their original liquid form, styrene monomer. AmSty can then take that styrene monomer and work with its supply chain … Read more
West Australian lithium miner Alliance Mineral Assets signed a memorandum of understanding with Jiangxi Special Electric Motor Co. Ltd (Jiangte) to form a joint venture which would produce and sell the battery grade lithium hydroxide. Under the MoU, the parties have agreed to move into the downstream lithium products market within the next six to … Read more
Air Liquide announced today that it has expanded its utilities supply agreement with LyondellBasell for its new propylene oxide (PO) and tertiary butyl alcohol (TBA) project in the Houston area. This agreement comes in addition to the long-term contract already signed with LyondellBasell to supply oxygen for this project, which will be the world’s largest … 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
Haldia Petrochemicals (HPL), one of the largest refiner in India, is planning to invest Rs 62,714 crore ($9 billion) in setting up a 12 Million Tonne Per Annum (MTPA) refinery-cum-petrochemical complex near Kakinada, in the state of Andhra Pradesh. The planned crude-to-chemical complex will produce refinery derivatives and petrochemicals for domestic and export markets. It will … Read more
Verus Investment Partners, a leading private equity investment firm, announced today that it has sold its portfolio company VanDeMark Chemical Inc., Lockport, NY. There was no disclosure of financial terms. VanDeMark, an independent manufacturer of phosgene and phosgene derivatives, offers a range of more than 30 chemical compounds used in the production of pharmaceuticals, agrochemicals, … Read more
Saudi Aramco announced on Sunday it will buy Royal Dutch Shell’s 50% interest in the SASREF refinery in Jubail Industrial City, Saudi Arabia, for $631 million. The sale is expected to complete later this year, subject to regulatory approval. According to the statement, Aramco will take full ownership of the 305,000 barrels per day refinery … Read more
Celanese Corporation announced today its plans to significantly expand methanol production capacity at the company’s Clear Lake acetyl intermediates manufacturing facility located in Pasadena, Texas. Celanese has recently been granted approvals from the Fairway Methanol LLC board of directors for a second phase expansion, which will increase production to 1.7 million metric tons per year … Read more
Nouryon has completed a €4 million ($4.5 m) expansion at Mahad, India which will increase organic peroxides production capacity at the site by 80 percent. The increased capacity will support growing customer demand in India and the Middle East for organic peroxides, essential in the manufacture of polymer-based products such as athletic shoe soles, wind … Read more
Deepak Fertilizers announced the start of commercial output of nitric acid at its production complex at Dahej, Gujarat. The new facility, with project cost of approximately $79 million, has production capacity of around 92,000 tonne per annum for concentrated nitric acid and around 14,9000 tonne/annum for diluted nitric acid, the company said. This new facility … Read more
Saudi Aramco, the world’s largest crude oil producer and refiner, is in serious discussions to acquire up to a 25 percent stake in Reliance Industries’ refining and petrochemicals businesses, as stated in local news report. The agreement on valuation could be reached around June, the Indian newspaper reported, citing people with knowledge of the development. … Read more
MOL Group, a Hungarian energy company, has agreed to acquire Aurora, a recycled plastic compounder with production plants in Baden-Wurttemberg, Germany. The deal is part of the long-term strategy to expand the petrochemicals portfolio, MOL added. The transaction is subject to the relevant approvals for merger control. Aurora is a medium-sized company that mainly produces … 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
CNPC and the Chinese regional government of Xinjiang performed the ground breaking ceremony for the first ethane cracker project in the region on Thursday. The cracker, which will be built with an investment of 9 billion yuan ($1.3 billion) by China National Petroleum Corp (CNPC), China’s leading oil and gas corporation, is the largest investment … Read more
Axens to supply several advanced technologies for its state-of-the-art 9 MTPA integrated refinery and petrochemical complex of HPCL to be set in Pachpadra Tehsil of Barmer District of Rajasthan, the engineering firm announced on Monday. As part of the project, Axens will provide the following technologies: – a naphtha hydrotreating unit (NHT) – a semi-regenerative … Read more
EGA (Emirates Global Aluminium), the largest industrial company in the United Arab Emirates outside oil and gas, announced the start-up of Al Taweelah alumina refinery, a strategic growth project that expands the industrial giant’s business upstream in the aluminium value chain. Alumina is the feedstock for aluminium smelters and is refined from bauxite ore. Once … Read more