Petrochemicals
INEOS to cease phenol production at German site, cites high European energy costs and CO2 tax policy
INEOS Phenol, the world's largest producer of phenol and acetone, announced its intention to permanently stop production at their site in Gladbeck, Germany. Sky high European energy costs alongside Europe’s punitive CO2 tax policy have combined to leave Europe uncompetitive against imported Chinese production and a global oversupply.
UPM Biochemicals receives triple sustainability certification for the Leuna biorefinery
UPM Biochemicals announced that its new biorefinery in Leuna, Germany, has achieved ISCC PLUS, PEFC, and FSC™ chain-of-custody certifications.
Repsol's petrochemical complex shut down after power supply failure
Repsol is working to restart a petrochemical complex in central Spain after it had to shut it down due to an external power supply failure, a spokesperson said.
Kumho Mitsui Chemicals begins operation of chlor-alkali plant using thyssenkrupp nucera technology
Kumho Mitsui Chemicals has enhanced its production process of methylene diphenyl diisocyanate (MDI) by utilizing the latest generation e-BiTAC v7 electrolyzer technology from thyssenkrupp nucera. The chlor-alkali plant in Yeosu, South Korea has a capacity of 60,000 tpy
Mitsubishi Gas Chemical, RITE partner to convert captured CO2 into methanol
Mitsubishi Gas Chemical Company, Inc. and the Research Institute of Innovative Technology for the Earth have signed an agreement regarding the transfer of part of the CO2 recovered using a direct-air-capture (DAC) device. The collaboration will showcase innovative technologies that capture CO₂ from the atmosphere and transfer it to underground storage while also utilizing it for methanol production.
OCI Global receives U.S. regulatory approval for the sale of its global methanol business to Methanex Corp.
Under the proposed Transaction, Methanex will acquire 100% of the equity interests in OCI Methanol, comprising 100% of OCI’s US and European methanol assets. The Transaction consideration will be paid through a combination of approximately USD $1.2 billion of cash (taking into account net indebtedness) subject to customary closing adjustments, and the issuance of 9.9 million common shares of Methanex.
Canadian court orders NOVA Chemicals to pay Dow an additional $1.2 billion judgment
The Court of King's Bench of Alberta, Canada has issued a judgment ordering NOVA Chemicals Corporation to pay Dow an additional amount of CAD$1.62 billion (equivalent to approximately USD $1.2 billion) in damages. The judgment, signed on June 10, 2025, relates to losses Dow incurred from the companies' jointly owned ethylene asset in Joffre, Alberta, Canada.
BASF starts up new world-scale plant for hexamethylenediamine in Chalampé, France
BASF has successfully started its new world-scale hexamethylenediamine (HMD) plant in Chalampé, France, construction of which began in 2022. The plant increases BASF’s annual HMD production capacity to 260,000 t.
Borouge awards ADNOC L&S 15-year contract to accelerate growth of UAE petrochemical exports
Borouge Plc and ADNOC Logistics & Services Plc (ADNOC L&S) have entered a 15-yr strategic partnership that will support a significant increase in the production and export of petrochemicals from the UAE.
Kisuma introduces novel Setogem™ RD dual-function nucleator and acid scavenger molecule for PP
Kisuma Chemicals, a global leader in magnesium-based additives, has launched several new additive solutions designed to expand the company’s diversified product portfolio and boost the performance, efficiency and sustainability of plastics. As part of this major initiative, Kisuma will introduce Setogem™ RD, an innovative dual-function nucleating agent and acid scavenging agent for polypropylenes (PP).
- Envision Energy powers world's first green marine ammonia bunkering 7/25
- New catalyst breakthrough could make clean ammonia easier to produce 7/25
- U.S. Gulf refiners seek Middle East, S. American oil to offset Venezuela, Mexico losses 7/25
- CEO of Russia-backed Indian refiner Nayara resigns after EU sanctions 7/25
- PetroChina makes FID for new northeast refinery complex 7/25
- Valero Energy beats Q2 profit estimates as refining margins improve 7/24
