Petrochemicals

Ethylene copolymers market is anticipated to reach $90 B by 2033

The global market is anticipated to have a steady CAGR of 4.2% during the period from 2023 to 2033. The overall market size is predicted to expand from $59.4 B in 2023 to $89.6 B by 2033.

Developing countries see more resin imports as China, U.S., Europe demand challenged

Brazil-based Braskem, Latin America´s biggest petrochemical organization, is seeing atypical scenarios in plastic resin markets that include very large flows of plastic resin exports from the world´s top producer countries into the less developed areas because much of the Northern Hemisphere demand remains challenged.

Vietnam's largest refinery begins shutting down for maintenance

Vietnam's largest oil refinery has shut down some of its units, beginning a 55-day total shutdown for major maintenance.

Shell taps Goldman Sachs to explore Singapore refinery and petchem plant sale

Shell is considering a sale of its Singapore refining and petrochemical plants as part of a broader strategic review and has hired investment bank Goldman Sachs to explore a potential deal, said several sources close to the matter.

Hengli Oilchem to begin voluntary liquidation

Privately controlled Chinese refining and petrochemical manufacturer Hengli Group said that Sinochem Group and itself were winding up their Singapore-based JV, Hengli Oilchem, due to business and strategic considerations.

Shipowners, port operators ramp up methanol-fueling projects

Brazil's Unigel restarts fertilizer plant to boost domestic supply

Unigel, the largest Brazilian manufacturer of nitrogen fertilizers, announced the resumption of activities at a unit called Unigel Agro Sergipe, which produces urea and ammonia.

Shell, Pemex face fines for Texas chemical plant fire in May

Shell Plc and Pemex each could face more than $1 MM in fines over a Deer Park, Texas, chemical plant fire in May under a lawsuit filed by the state's attorney general.

Lummus' Novolen technology celebrates 100 licensed production lines

Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced the recent licensing of its 100th Novolen polypropylene production line.

Braskem and SCG Chemicals join forces for bio-based ethylene project in Thailand

Braskem and SCG Chemicals have signed a joint venture agreement to create Braskem Siam Company Limited. This joint venture aims to produce bio-ethylene from bio-ethanol dehydration and to commercialize “I’m green” bio-based polyethylene, using the EtE EverG reen technology.