Olefins
BASF and INOCAS sign agreement to develop sustainable Macaúba oil supply in Brazil to produce bio-naphtha
BASF and INOCAS sign offtake agreement for Macaúba kernel oil and Macaúba pulp oil to further expand BASF’s renewable-based portfolio.
Russian petrochemicals giant Sibur plans IPO in coming months
Russian petrochemicals giant Sibur plans to list about 2% of its shares in an initial public offering on Russia's Eastern Exchange in the coming months. Russian listings have been thin on the ground since the exodus of Western capital after Moscow sent troops into Ukraine in February 2022, but a handful of small capital raises dominated by local retail investors has breathed some life into moribund equity capital markets.
ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027
ExxonMobil plans to invest more than $200 MM to expand its advanced recycling operations at its sites in Baytown and Beaumont, Texas (U.S.), as well as additional investments globally to reach recycling capacity of 1 Blbs/yr by 2027.
Sinopec, Aramco start building $10-B petchem complex in China's Fujian province
Sinopec Corp and Saudi Aramco have started constructing a $10-B refinery and petrochemical complex in southeast China's Fujian province, marking another big investment in the country's recent wave of petrochemicals expansions.
Sinopec starts up 1.2-MMtpy ethylene complex in north China's Tianjin
The new 1.2-MMtpy ethylene complex in northern China, part of China's recent additions of large-scale petrochemical plants, is designed to provide 4 MMtpy of high-end chemical products and fine chemical feedstocks.
Digital Exclusive: U.S. flip-flop jeopardizes global treaty to end plastic pollution
Rob Benedict, Vice President, Petrochemicals and Midstream, American Fuel and Petrochemical Manufacturers (AFPM), details the Biden administration's (U.S.) flip-flop on allowing individual countries to take their own path to tackle plastics pollution, and instead, wants universal plastic production caps and the banning of certain chemicals. Mr. Benedict details why this approach will only hurt the global objective to end plastic pollution.
Polish oil refiner Orlen may suspend or cancel olefins project
Polish oil refiner Orlen will not continue with its olefins petrochemical project in its current form and will decide by December between "optimizing," suspending or terminating the investment.
U.S. exports of ethane and ethane-based petrochemicals rose 135% from 2014 to 2023
U.S. exports of ethane and ethane-based petrochemicals reached an all-time high of 21.6 MMt in 2023, up 135% since the U.S. began exporting ethane in 2014 and 17% more than in 2022, according to data from the U.S. Census Bureau.
Neste, Braskem partner on supply of renewable and recycled feedstocks for polymers and chemicals production
Braskem will use more sustainable feedstocks from Neste to produce circular and bio-circular polymer resins and chemicals, which will be sold in South America under Braskem’s Wenew brand.
Axens, IFPEN and JEPLAN launch commercial licensing of the Rewind® PET process
The project partners launched the commercialization (licensing) of the Rewind® PET process, enabling the further acceleration of the energy transition and the circular economy of plastics. Axens teams will now be able to market a complete Rewind® PET license package to their customers all over the world.
- Asian gasoline margin spikes to highest since August 2023 11/14
- Lukoil-Moldova grants free use of airport fuel terminal to government amid U.S. sanctions 11/14
- Croatia rejects Russian vacuum gasoil cargo after U.S. sanctions 11/14
- Bulgaria wins UK sanctions reprieve on refinery, petrol stations 11/14
- China's Sinochem shuts one crude unit at Quanzhou after fire 11/14
- Enbridge approves $1.4-B project to boost Canadian oil flows to U.S. refiners 11/14
