Petrochemicals

INNIO Group, Gföllner Group establish JV, offering power solutions to the U.S. market

INNIO Group and Gföllner Group have established a joint venture in the U.S., IGPS (INNIO Gfoellner Power Systems LLC). The joint venture aims to meet the rapidly rising demand for decentralized, flexible, and quickly deployable energy solutions.

Denso’s Covercoat System sets new standard in corrosion prevention

Denso Inc., a global leader in corrosion prevention and sealing technologies, is highlighting its Covercoat™ System, a comprehensive corrosion prevention solution engineered for steel and concrete columns, support legs, structural steel and a wide range of exposed service pipes and more.

Braskem completes first sale of circular polyethylene in South America

Braskem has completed the sale of circular polyethylene (PE), produced through chemical recycling, to the Copobras Group.

Saudi Arabia, Indonesia sign several deals worth around $27 B

Saudi Arabia and Indonesia signed several deals and memorandums of understanding worth around $27 B between private sector institutions in fields including clean energy and petrochemicals, Saudi state news agency SPA reported.

KHIMOD raises €23 MM to accelerate its growth

KHIMOD, a French climate-tech company that specializes in producing low-carbon synthetic molecules and valorizing carbon dioxide (CO₂), has announced a €23-MM funding round.

Hydrocarbon Processing launches AI platform to accelerate decisions in the downstream sector

Lotte Chemical Titan secures $3-B ethylene supply deal in Indonesia

Malaysia's Lotte Chemical Titan said that its Indonesia-based subsidiary has agreed to a 10-year ethylene supply deal worth around $3 billion with its downstream petrochemical producer, Lotte Chemical Indonesia Nusantara.

Shell flags profit hit from weakness in gas trading and chemicals business

Shell expects quarterly earnings to be hit by weaker trading in its integrated gas division and losses at its chemicals and products operations, it said on Monday ahead of second-quarter results due on July 31.

Executive Viewpoint: Heavy industry, light footprint—Helping the HPI run leaner and cleaner with AI

AI has the potential to effect a real change. By harnessing vast amounts of operational data, AI can support process optimization, help to predict equipment failures and better facilitate the integration of renewable energy sources. These capabilities can improve asset performance as well as operational sustainability.  

Maire's NEXTCHEM awarded engineering contract for Pacifico Mexinol's $3.3-B, 2.1-MMtpy low-carbon methanol project

Maire announced that NEXTCHEM has been awarded about €210 million basic engineering and critical proprietary equipment supply contract for the Pacifico Mexinol low-carbon methanol project.