Petrochemicals

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.

BASF closes purchase of DOMO Chemicals’ shares in Alsachimie JV

BASF has finalized the purchase of DOMO Chemicals’ 49% share in the Alsachimie JV, making the company the sole owner of the production entity for essential polyamide 6.6 precursors in Chalampé, France.

deugro completes another equipment shipment for INEOS' Project One project in Belgium

As part of its ongoing deliveries for INEOS Project One—one of the most energy-efficient and raw-material-efficient olefin complexes in Europe— deugro successfully completed yet another shipment from the UAE and Oman to the Port of Antwerp, Belgium.

Partnership for sustainability: Pekutherm and POLYVANTIS launch circular economy initiative

Pekutherm and POLYVANTIS have launched a joint take-back and recycling program for PLEXIGLAS® production waste, aiming to systematically return acrylic to the materials cycle.

Univation Technologies and C3 AI collaborate to deliver enterprise AI solutions for advanced predictive maintenance across the global petrochemical industry

Univation Technologies and C3 AI have entered into a strategic cooperation agreement to commercialize AI-powered predictive maintenance solutions tailored for the petrochemical industry.