Petrochemicals
Valvoline fuels retail drive with $2.65 B lubricants unit sale to Saudi Aramco
Valvoline Inc is selling its unit that makes lubricants, coolants and other automotive products to state-owned Saudi Aramco for $2.65 B in cash to sharpen focus on its retail services business.
PetroChina begins $4.5-B refinery expansion
PetroChina has launched a $4.52 B program to expand a subsidiary refinery in southern China into an integrated petrochemicals complex.
Dow and Al-Hejailan Group sign MoU to build joint venture MDEA plant
Dow and the Al-Hejailan Group signed an MoU to form a joint venture to design, build and operate a methyl diethanolamine plant in the PlasChem Park in Saudi Arabia.
INEOS and SINOPEC sign three petrochemical deals worth $7 B
INEOS and SINOPEC signed three back-to-back deals worth a combined value of $7 B. These landmark agreements are expected to generate a combined turnover of around $10 B from 7 MMt of capacity.
LyondellBasell helps close the loop on polypropylene by joining NEXTLOOPP initiative
LyondellBasell, one of the largest plastic and chemical companies in the world, has recently joined the initiative that brings more than 40 major industry players together.
Indorama Ventures enters world-first China license agreement with Shandong Binhua New Material Co. Ltd.
Indorama Ventures, a global sustainable chemical company, has signed a license agreement with Shandong Binhua New Material Co. to build, own and operate a propylene oxide, t-Butanol and t-Butyl methyl ether co-production unit.
Impact of strike by South Korean truckers on autos, steel, petrochemicals, others
Thousands of South Korean truckers were on strike for the seventh day on Monday, protesting over pay as fuel costs surge, disrupting production, slowing port operations and posing new risks to a strained global supply chain.
AFPM’s IP Conference names Petrochemical Heritage Award recipient
At the AFPM International Petrochemical Conference, Jim Teague, Co-Chief Executive Officer of Enterprise Products Partners was recognized as this year's recipient of the Petrochemical Heritage Award.
Wood secures contract for petrochemicals project
Wood has been awarded a new contract for a proposed onshore petrochemicals facility
Koch-Glitsch forms partnership for data analytics solutions
WICHITA, Kan. — Koch-Glitsch and EFT Analytics announced a partnership to provide full service process engineering and advanced data analytics solutions to enhance operations for refineries and petrochemical plants.
- Consortium launches study to create a consolidated hub for recycled plastics 5/22
- Eni strengthens its global LNG strategy with long-term supply agreements in Indonesia 5/22
- Breakthrough shows how electricity could replace heat to turn CO₂ into useful chemicals 5/22
- bp's Whiting Refinery offers revised proposal to union in ongoing talks 5/22
- Plains oil pipeline partly shut down after rupture in East Los Angeles (U.S.), could disrupt supplies to refineries 5/22
- Vitol moves to open Mexico fuel terminal years after bribery scandal 5/22
