Construction
MAIRE awarded various EPC contracts, totaling $3.5 B
MAIRE announced that its subsidiaries TECNIMONT, KT-Kinetics Technology and NEXTCHEM and have been granted new awards for a total amount of approximately $3.5 billion for engineering and procurement and construction activities related to petrochemical and hydrotreating projects, as well as high value engineering services for a waste to chemical project.
Taiyo Oil selects Honeywell UOP's ethanol-to-jet technology for 200-MMlpy SAF plant in Japan
Taiyo Oil Co., Ltd. has chosen Honeywell UOP's Ethanol-to-Jet technology to produce sustainable aviation fuel at its Okinawa Operations in Japan. This facility will have a production target of 200 MMlpy.
Thai SCG Chemicals unit seeks Vietnam tariffs as operations at new complex remain suspended
Vietnam's Long Son Petrochemicals, a unit of Thailand's SCG Chemicals, is lobbying Vietnam to impose tariffs on imported polyethylene and polypropylene, as operations at its new $5.4 billion petrochemical complex remain suspended due to low margins.
Sipchem, LyondellBasell collaborate on feasibility for a world-scale mixed-feed cracker in Saudi Arabia
Sipchem and LyondellBasell have been awarded a feedstock allocation from the Ministry of Energy of Saudi Arabia supporting a joint feasibility study for a world-scale mixed feed cracker complex combined with a diversified derivative portfolio.
VDMA valves association market analysis: Industry standstill looms after a strong 2024
The industrial valves industry performed better than expected in 2024 despite adverse conditions. Overall, nominal sales growth of 6% was achieved. While European business declined by 1%, international sales climbed by 11%.
Nextchem to provide technology for Pacifico Mexinol's ultra-low carbon methanol plant (Mexico)
When it initiates operation in 2028, Pacifico Mexinol's facility is expected to be the largest single ultra-low carbon methanol facility in the world, producing approximately 350,000 tpy of green methanol and 1.8 MMtpy of blue methanol from natural gas with carbon capture.
The European chemical industry is becoming extinct: An open letter from INEOS CEO Sir Jim Ratcliffe
The chemical industry in Europe has been hugely important to the success of the European economy over the last century. With revenues of around one trillion euros, it is similar in size to the automotive sector. But chemicals in Europe is facing extinction. Government policies have resulted in enormously high energy prices and crippling carbon tax bills.
KBR awarded PMC contract for $2-B fertilizer plant in Angola
As part of the $2-B project, KBR will provide project management services overseeing engineering, procurement, and construction phases. The facility will produce 2,300-tpd ammonia and 4,000-tpd urea.
LanzaJet, Mitsui & Co. and Cosmo Oil secures government funding for SAF production project in Japan
LanzaJet announced that Cosmo Oil Co. Ltd was selected for a subsidy from Japan’s Ministry of Economy, Trade and Industry to support a SAF project in Japan developed with Mitsui & Co. that will plan to utilize LanzaJet technology.
Air Products exits three U.S. projects, takes write down not to exceed $3.1 B
Air Products announced its decision to exit three projects in the U.S. As a result, Air Products expects to record a pre-tax charge not to exceed $3.1 billion in its fiscal 2025 second quarter, primarily to write down assets and terminate contractual commitments.
- Petrobras delivers LPG sold at steep premiums despite Lula move to annul auction 4/3
- Plug Power to supply 275-MW GenEco electrolyzer system for Hy2gen’s Courant decarbonized ammonium nitrate project 4/3
- Vietnam refinery boosting jet fuel production 4/3
- China plans to upgrade some petrochemical plants, phase out others by 2029 4/3
- Morocco has diesel stocks for 51 days, energy ministry says 4/3
- Nigeria's Seplat Energy hit by strike amid push for higher output 4/3
