Petrochemicals

INEOS CEO Sir Jim Ratcliffe: Carbon tax and high energy costs are killing off manufacturing in Britain

thyssenkrupp Uhde, Praj Industries Ltd partner to revolutionize polylactic acid production and circular economy

thyssenkrupp Uhde’s polymer specialists Uhde Inventa-Fischer and Praj Industries Limited announced a strategic partnership to jointly offer an end-to-end integrated technology for the production of polylactic acid.

S-Oil posts refining, petrochemical losses; expects US tariffs to affect margins in Q2

South Korea's S-Oil, majority owned by Saudi Aramco, posted losses in the first quarter from its refining and petrochemical units and expects second-quarter margins to be impacted by U.S. tariff negotiations and market volatility.

Kuwait Petroleum's stake investment in China Wanhua Chemical's unit valued at $638 MM

Kuwait Petroleum subsidiary's acquisition of a 25% stake in China Wanhua Chemical's petrochemical business is valued at $638 MM

Chemical maker LyondellBasell misses quarterly profit estimates on weak volumes

LyondellBasell on Friday missed Wall Street expectations for quarterly profit, due to maintenance downtime and lower volumes in its largest segment supplying raw materials to the automotive, construction and electronics industries.

China's Sinopec partners with Saudi Aramco's unit in $4-B JV

China's state-run Sinopec said on Monday it had signed an agreement with a unit of Saudi Aramco to establish a joint venture (JV) company with a registered capital of 28.80 B yuan ($3.95 B).

Amberjack Capital forms strategic partnership with Industrial Thermal Services

Amberjack Capital Partners, a private equity firm investing in critical infrastructure services, has announced its partnership with Industrial Thermal Services LLC (ITS), a premier provider of industrial heat treating and specialty services.

Inauguration of new specialty chemicals laboratory in Shanghai

Perstorp and BRB, wholly-owned subsidiaries of PETRONAS Chemicals Group Berhad, has inaugurated a new innovation hub in Shanghai, China. This advanced laboratory will support growth in the region by increasing technical support for customers with a specific focus on the Asian market.

Dow Chemical delays construction on multi-billion-dollar Path2Zero project in Fort Saskatchewan, Alberta, Canada

After a reported Q1 loss, Dow Chemical plans to launch an action plan to further reduce spending and deliver $6 B in cash support. The plan includes delaying construction on the company's multi-billion-dollar Path2Zero project in Alberta, Canada.

Asahi Kasei, Nobian, Furuya Metal and Mastermelt commence joint project to recycle metals, signaling a milestone towards circularity in the chlor-alkali industry

Japanese technology company Asahi Kasei has started a joint demonstration with Nobian, Furuya Metal and Mastermelt on the recycling of metals, including precious metals, used in the cells and electrodes incorporated in electrolyzers used for the production of caustic soda.