Polymers
ADNOC launches $80-B low-carbon energy and chemicals investment company
ADNOC announced the launch of XRG, a groundbreaking international lower-carbon energy and chemicals investment company, with an enterprise value of over $80 B. XRG aims to more than double its asset value over the next decade by capitalizing on demand for low-carbon energy and chemicals.
Clariant’s MegaMax™ catalysts to power China’s first biomass-to-green methanol project
Clariant's MegaMax catalyst was selected for a China’s biomass gasification-to-green methanol project. The plant will use a combination of farm waste and wind power to produce up to 250,000 tpy of green methanol in two phases by 2027.
ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027
ExxonMobil plans to invest more than $200 MM to expand its advanced recycling operations at its sites in Baytown and Beaumont, Texas (U.S.), as well as additional investments globally to reach recycling capacity of 1 Blbs/yr by 2027.
MOL Group, KazMunayGas partner on exploring petrochemical production
MOL Group and Kazakhstani national oil company KazMunayGas have signed a cooperation agreement to jointly explore opportunities in the oil, gas and petrochemicals sector. This agreement builds on the successful JV in Kazakhstan, where MOL, KMG and Sinopec have been producing gas and gas condensate at the Rozhkovskoye field.
Syensqo expands U.S. production capacity for advanced polymers
Syensqo has significantly increased its U.S. production capacity for its Udel polysulfones sulfone advanced polymers used in critical health, water and energy applications.
Sinopec, Aramco start building $10-B petchem complex in China's Fujian province
Sinopec Corp and Saudi Aramco have started constructing a $10-B refinery and petrochemical complex in southeast China's Fujian province, marking another big investment in the country's recent wave of petrochemicals expansions.
Sinopec starts up 1.2-MMtpy ethylene complex in north China's Tianjin
The new 1.2-MMtpy ethylene complex in northern China, part of China's recent additions of large-scale petrochemical plants, is designed to provide 4 MMtpy of high-end chemical products and fine chemical feedstocks.
Digital Exclusive: U.S. flip-flop jeopardizes global treaty to end plastic pollution
Rob Benedict, Vice President, Petrochemicals and Midstream, American Fuel and Petrochemical Manufacturers (AFPM), details the Biden administration's (U.S.) flip-flop on allowing individual countries to take their own path to tackle plastics pollution, and instead, wants universal plastic production caps and the banning of certain chemicals. Mr. Benedict details why this approach will only hurt the global objective to end plastic pollution.
SABIC opens ULTEM™ resin manufacturing facility in Singapore
SABIC, a global diversified chemicals company, has officially launched its new $170-MM (S$220-MM) ULTEM™ resin manufacturing facility in Singapore, marking the company’s first advanced specialty chemical manufacturing facility in the region producing the high-performance thermoplastic, ULTEM™ resin.
Thai SCG halts operations at $5.4-B Vietnam petrochemical complex
Siam Cement Group said it has suspended commercial operation at its $5.4-B Long Son Petrochemicals complex in Vietnam after only one month due to "the chemicals' low margin".
- Petrobras delivers LPG sold at steep premiums despite Lula move to annul auction 4/3
- Plug Power to supply 275-MW GenEco electrolyzer system for Hy2gen’s Courant decarbonized ammonium nitrate project 4/3
- Vietnam refinery boosting jet fuel production 4/3
- China plans to upgrade some petrochemical plants, phase out others by 2029 4/3
- Morocco has diesel stocks for 51 days, energy ministry says 4/3
- Nigeria's Seplat Energy hit by strike amid push for higher output 4/3
