Petrochemicals

Chemical maker LyondellBasell misses quarterly profit estimates on weak volumes

LyondellBasell on Friday missed Wall Street expectations for quarterly profit, due to maintenance downtime and lower volumes in its largest segment supplying raw materials to the automotive, construction and electronics industries.

China's Sinopec partners with Saudi Aramco's unit in $4-B JV

China's state-run Sinopec said on Monday it had signed an agreement with a unit of Saudi Aramco to establish a joint venture (JV) company with a registered capital of 28.80 B yuan ($3.95 B).

Amberjack Capital forms strategic partnership with Industrial Thermal Services

Amberjack Capital Partners, a private equity firm investing in critical infrastructure services, has announced its partnership with Industrial Thermal Services LLC (ITS), a premier provider of industrial heat treating and specialty services.

Inauguration of new specialty chemicals laboratory in Shanghai

Perstorp and BRB, wholly-owned subsidiaries of PETRONAS Chemicals Group Berhad, has inaugurated a new innovation hub in Shanghai, China. This advanced laboratory will support growth in the region by increasing technical support for customers with a specific focus on the Asian market.

Dow Chemical delays construction on multi-billion-dollar Path2Zero project in Fort Saskatchewan, Alberta, Canada

After a reported Q1 loss, Dow Chemical plans to launch an action plan to further reduce spending and deliver $6 B in cash support. The plan includes delaying construction on the company's multi-billion-dollar Path2Zero project in Alberta, Canada.

Asahi Kasei, Nobian, Furuya Metal and Mastermelt commence joint project to recycle metals, signaling a milestone towards circularity in the chlor-alkali industry

Japanese technology company Asahi Kasei has started a joint demonstration with Nobian, Furuya Metal and Mastermelt on the recycling of metals, including precious metals, used in the cells and electrodes incorporated in electrolyzers used for the production of caustic soda.

Yokogawa to acquire Web Synergies, a provider of IT and integrated IT/OT solutions

Yokogawa Electric Corp. has finalized an agreement to acquire Singapore-based Web Synergies, a leading provider of information technology (IT) and integrated IT and operational technology (OT) solutions.

TotalEnergies to boost SAF and hydrogen production at Antwerp

Neste divests its NAPCON technology to Lummus Technology

Neste has signed an agreement to sell its proprietary technology NAPCON to Lummus Technology. NAPCON covers solutions in the field of interactive operator training simulators and game-aided learning systems, real-time process optimization, AI based process predictors and real-time process information gathering, monitoring and analytics.

ITT Goulds Pumps introduces 3430 large double suction pump line

ITT Inc.’s Goulds Pumps has launched its 3430 large double suction pump line, featuring a new design delivering significant advancements in cost, features and hydraulics to the market.