Petrochemicals
Gevo and LG Chem extend agreement for bio-propylene to accelerate commercialization using Gevo ethanol-to-olefins technology
Gevo, Inc. and LG Chem, Ltd. are extending their joint development agreement to assess existing assets for deploying Gevo’s ethanol-to-olefins (ETOs) technology while accelerating commercialization activities, considering project scale and end-product markets.
China’s refined oil consumption peaked in 2023, CNPC says
China's refined oil consumption peaked in 2023 at 399 MM tonnes (t) (7.98 MMbpd) and is expected to fall 1.3% to 394 MMt in 2024, the CNPC Economics & Technology Research Institute said on Friday
Orlen halts Olefins III project due to ballooning costs
The ORLEN Management Board has decided to halt the Olefins III project after determining that the actual implementation costs would have exceeded the initial estimates by sixfold. The project's cost has ballooned to more than $12 B.
BASF and INOCAS sign agreement to develop sustainable Macaúba oil supply in Brazil to produce bio-naphtha
BASF and INOCAS sign offtake agreement for Macaúba kernel oil and Macaúba pulp oil to further expand BASF’s renewable-based portfolio.
bp extends GFA with ABB as supplier of automation across upstream/downstream assets
ABB has extended its relationship with bp through signing a five-year Global Frame Agreement to supply automation, electrical and telecommunications equipment across bp’s upstream and downstream assets and facilities.
BASF starts up its expanded ammonium chloride plant in Ludwigshafen
BASF has expanded the production of ammonium chloride at its Ludwigshafen, Germany site, increasing capacity by 50% and improving product quality.
Gentari to supply large-scale, carbon-free energy to AMG Ammonia's new green ammonia facility
Gentari will be supplying 650 MW round-the-clock, carbon-free energy to power AMG Ammonia's upcoming green ammonia facilities, under a long-term Power Purchase Agreement.
Russian petrochemicals giant Sibur plans IPO in coming months
Russian petrochemicals giant Sibur plans to list about 2% of its shares in an initial public offering on Russia's Eastern Exchange in the coming months. Russian listings have been thin on the ground since the exodus of Western capital after Moscow sent troops into Ukraine in February 2022, but a handful of small capital raises dominated by local retail investors has breathed some life into moribund equity capital markets.
Asahi Kasei technology licensee begins production of high-purity carbonates using CO2
Jiangsu Sailboat Petrochemical (Sailboat) has begun commercial operation of a new carbonates plant in Lianyungang, Jiangsu Province, China.
Ebara Elliott Energy awarded key contracts for SATORP’S AMIRAL petrochemical complex
Ebara Elliott Energy (EEE) has been selected to supply advanced equipment for SATORP’s Strategic Expansion (AMIRAL) petrochemical complex, located in Jubail on Saudi Arabia’s eastern coast.
- Tasnee's Saudi Ethylene and Polyethylene Co. commences planned maintenance of ethylene plant 1/2
- Advanced Biofuels Canada Association welcomes federal biofuels production incentive coming into force 1/2
- Technip Energies completes acquisition of Ecovyst’s Advanced Materials & Catalysts business 1/2
- Peru opens state-owned Petroperu to private investment after reorganization 1/2
- India asks refiners for weekly Russian oil import data as it seeks U.S. trade deal 1/2
- Serbia's NIS gets U.S. approval to resume production in its refinery 1/2
