Middle East
TA’ZIZ and Proman sign shareholders’ agreement to develop UAE’s first methanol facility
The facility has an anticipated annual capacity of up to 1.8 MMt and will meet growing domestic and international demand for this clean and versatile chemical commodity.
ADNOC allocates $15 B to low-carbon solutions, new energies and decarbonization technologies
The announcement follows the guidance by ADNOC’s Board of Directors in November 2022 to accelerate delivery of its low-carbon growth strategy and the approval of its Net Zero by 2050 ambition.
ADNOC Acquires 24.9% Stake in OMV
Abu Dhabi National Oil Company (ADNOC) and Mubadala announced a transaction involving OMV, a global energy and chemicals group, headquartered and listed in Vienna, Austria.
ADNOC accelerates delivery of low carbon growth strategy to continue responsibly meeting global energy needs
ADNOC is accelerating operationalization of its board mandated low carbon growth strategy, by establishing a new Low Carbon Solutions and International Growth vertical that will focus on renewable energy, clean hydrogen and carbon capture and storage.
Saudi Aramco to ship full oil contract volumes to Asia in December
Saudi Aramco has told at least four refinery customers in North Asia they will receive full contract volumes of crude oil in December.
ADNOC Refining secures new international partners furthering the UAE’s industrial growth
Under the agreement ADQ, Veolia, and Vision Invest consortium will own and operate two world-scale waste management plants, which sustainably treat and dispose of industrial waste generated from across ADNOC’s operations.
Site construction underway at TA’ZIZ and next major phase of growth launched
The centerpiece of the expansion will be a new world-scale, low-carbon footprint steam cracker to supply feedstocks for the various downstream production units.
Dr. Sultan Al Jaber calls for maximum energy, minimum emissions in ADIPEC opening address
ADIPEC is taking place against the backdrop of complexities which the world is facing and H.E. Dr. Al Jaber sought the wise counsel of the UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, in deciding whether to dwell on the challenges or focus on the opportunities in his remarks.
Diesel’s gloomy message for the global economy
Global shortages of middle distillates such as diesel, gas oil and heating oil are intensifying rather than easing – making it more likely a relatively severe slowdown in the business cycle will be necessary to rebalance the market.
Dow and Al-Hejailan Group sign MoU to build joint venture MDEA plant
Dow and the Al-Hejailan Group signed an MoU to form a joint venture to design, build and operate a methyl diethanolamine plant in the PlasChem Park in Saudi Arabia.
- Iran's Revolutionary Guards say they targeted petrochemical facilities in the Gulf 4/6
- 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
