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Petrochemicals

Sri Lanka to ok Sinopec's $4.5-B refinery proposal

Sri Lanka will likely approve on Monday a proposal from Chinese state refiner Sinopec to build a $4.5-B refinery, the South Asian Island nation's energy minister said on Saturday.

BASF shares rise on report ADNOC exploring Wintershall Dea deal

Shares in chemicals giant BASF rose after a report that ADNOC is exploring an acquisition of the German group's energy business Wintershall Dea.

Samsung Engineering commences Sarawak H2biscus green H2/ammonia FEED project in Malaysia

Samsung Engineering-along with Lotte Chemical, Korea National Oil Corp. and SEDC Energy-had a kick-off meeting, launching the FEED phase for the H2biscus green H2/ammonia project in Malaysia.

China oil demand growth poised to slow to around 4% in H1 2024

China's oil demand growth likely to ease in H1 2024 to around 4% with resurgent consumption from the aviation and petrochemical sectors offset by weaker diesel usage.

Maersk to buy 500,000 tpy of bio-methanol/e-methanol from China's Goldwind

Danish shipping group Maersk has agreed to buy 500,000 tpy of bio-methanol and e-methanol from China's Goldwind starting in 2026.

Braskem receives grant from REMADE for its polymer recycling technology

Braskem's polymer recycling technology research partnership has been awarded a $504,000 Research, Demonstration, and Development (RD&D) grant from the Reducing Embodied Energy and Decreasing Emissions (REMADE) Institute

Clariant’s catalyst chosen for Shenghong’s new world-scale biodegradable plastics project

Clariant announced that its SynDane 3142 LA catalyst will be used in Jiangsu Shenghong Petrochemical Co., Ltd's maleic anhydride production plant in Lianyungang, Jiangsu province, China.

thyssenkrupp to supply processing tech for Australian urea unit

thyssenkrupp Fertilizer Technology has signed a contract with Saipem to license a urea granulation unit in Karratha, Western Australia.

Venezuelan natural gas cooperation could lead to increased LNG and petrochemical exports

Venezuela is working with Shell and the National Gas Co. of Trinidad and Tobago to develop an offshore natural gas field that could boost LNG and petrochemical exports.

Petrobras partners with European Energy to explore e-methanol business prospects

Petrobras agreed a Memorandum of Understanding with the Danish company, European Energy, to investigate the business opportunities for developing an e-methanol plant in Brazil, on a non-binding basis.