Petrochemicals
EU: Very difficult to agree on global plastics treaty this year
BRUSSELS/TOKYO (Reuters)—The European Union has said it will be "very difficult" for countries to agree on a new global treaty to tackle plastic pollution by the end of this year as planned.
White Summit to invest €250 MM in Spanish green methanol plant
Infrastructure investment firm White Summit Capital will invest €250 MM ($267 million) in a green hydrogen and methanol plant in Spain.
Grace licenses UNIPOL polypropylene technology to Bharat Petroleum Corp. Ltd.
W. R. Grace announced that Bharat Petroleum Corporation Limited (BPCL), the second largest Indian oil marketing company, has expanded its licenses for Grace’s UNIPOL® polypropylene (PP) process technology.
OMV to invest €750 MM at Petrobrazi to produce sustainable fuels
OMV Petrom will invest approximately €750 MM at Petrobrazi to transform the refinery into the first major producer of sustainable fuels in the region.
Univation launches new PE process to produce LDPE and EVA resins
Univation Technologies announced the launch of its latest licensed technology platform – a tubular high-pressure PE process enabling production of both low-density polyethylene (LDPE) and ethyl-vinyl acetate (EVA) copolymer resins which is offered under the brand name UNIGILITY™ Tubular High Pressure PE Process Technology.
Vast and Mabanaft advance Port Augusta green methanol project in Australia
Vast Renewables Ltd., a renewable energy company planning to power green fuels production with its concentrated solar thermal power (CSP) energy systems, announced it has signed a Joint Development Agreement (JDA) with global energy company Mabanaft to advance Solar Methanol 1 (SM1), a CSP-powered green methanol reference plant.
Glocal Green, Norwegian Hydrogen to build large-scale bio-eMethanol facility in Norway
Ålesund-based Glocal Green and Norwegian Hydrogen have entered into a collaboration agreement on large-scale production of what is also known as bio-e-methanol.
Valmet announces upgrade to D3 distributed control system
Using Valmet’s D3 distributed control system (DCS) automation platform, industrial processors can now integrate numerous reliability and performance enhancements in the first significant update following its acquisition from NovaTech Automation last year.
Singapore offers carbon tax rebates for refiners near term
Singapore is offering refiners and petrochemical companies rebates of up to 76% for its planned carbon tax for 2024 and 2025 to help them ease cost stress and remain competitive versus rivals elsewhere.
Thailand BOI approves $1.5-B investment in biochemicals, data centers, power plants, hospital
The Thailand Board of Investment (BOI) has approved the investment promotion applications of eight large projects worth a combined 56.95 B baht ($1.54 B), including a bio-ethylene plant project by the local joint venture of Brazil’s Braskem, as well as data centers, power plants, and a major new hospital.
- Kumho Mitsui Chemicals begins operation of chlor-alkali plant using thyssenkrupp nucera technology 6/16
- Mitsubishi Gas Chemical, RITE partner to convert captured CO2 into methanol 6/16
- Yara Clean Ammonia supports groundbreaking ammonia bunkering pilot in Pilbara (Australia) 6/16
- Syensqo signs carbon fiber composites recycling contract with Fairmat 6/16
- OCI Global receives U.S. regulatory approval for the sale of its global methanol business to Methanex Corp. 6/16
- Israel's Oil Refineries says pipelines, transmission lines in Haifa damaged in strikes by Iran 6/16
