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Petrochemicals

Chlorinated polyethylene resins and elastomers market is set to reach $1.29 B

The global chlorinated polyethylene resins and elastomers market stands at $600 MM as of now and is expected to reach $1.29 B by the year 2032 at a CAGR of 8% from 2022 to 2032.

Alberta offers to work with Trudeau on carbon capture—with conditions

Canada's Alberta province has offered to collaborate with the federal government to spur carbon capture utilization and storage (CCUS) investments, but only if Ottawa secures Alberta's consent on climate policies that impact oil and gas.

Chevron Phillips Chemical secures contracted long-term supply of advanced recycled plastic feedstocks

Nexus Circular has signed a long-term commercial agreement with Chevron Phillips Chemical for the supply of a significant volume annually of circular liquid feedstocks from a new advanced recycling facility.

U.S. EPA approves hazardous chemicals removal from St. Croix refinery

U.S. environmental regulators on Thursday conditionally approved plans for the owners of an idled refinery in the U.S. Virgin Islands to remove chemicals that the watchdog argued present serious health consequences if accidentally released.

U.S. targets Iranian petrochemicals, petroleum in fresh sanctions

On Thursday, the U.S. imposed sanctions on companies it accused of playing a critical role in the production, sale and shipment of Iranian petrochemicals and petroleum to buyers in Asia, as Washington increases pressure on Tehran.

Shell Catalysts & Technologies to increase pricing of catalyst products globally

Shell Catalysts & Technologies (SC&T) announces a global price increase of its refining and chemical catalyst products lines.

Russian energy minister sees no reason to reduce petroleum products output

Russian energy minister Nikolai Shulginov on Friday said there was no reason for a sharp reduction in the country's petroleum products output in response to a European Union embargo, Interfax reported.

India's Reliance stops local petcoke sales, boosts imports

Petroleum coke is a carbon intensive solid residue left over from coking units in oil refineries that break down residual oil into more highly valued products. Petcoke, as it is known, can be used as a coal substitute in both steelmaking and in power plants.

U.S. Energy Department to allocate $118 MM to biofuels projects

The U.S. Department of Energy (DOE) this week will announce over $100 MM in funding to expand U.S. biofuels production, as the Biden administration works to cut greenhouse gas emissions from transportation and meet climate goals.

Veolia Water Technologies & Solutions and OLI Systems to team up for digital transformation projects

Veolia Water Technologies & Solutions announced a collaboration with OLI Systems, a leader in water chemistry-based process simulation and electrolyte thermodynamics, to optimize operating performance in the refining and petrochemical industries.