ICIS: Hormuz crisis tightens global plastics and chemical markets
Escalating conflict in the Middle East and restrictions at the Strait of Hormuz are disrupting critical global flows of chemicals, plastics, and energy, the ICIS has reported.
Petrochemicals
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IGU releases statement on the escalating conflict in the Middle East
The International Gas Union (IGU) has released a statement on the escalating conflict in the Middle East and its impact on global energy security.
Zeon begins construction on COP production plant
Zeon Corp. will begin construction of a new production plant for cyclo-olefin polymers (COP) at its business site in Yuka Town, Japan.
MAIRE awarded contract by key chemical player in China
MAIRE has announced that NEXTCHEM, through its subsidiary CONSER, has been awarded a licensing and process design package for the deployment of its technologies for the co-production of Dimethyl succinate (DMS) and 1.4-Butanediol (BDO) by a major state-owned chemical player in China.
KBR and Petro Rabigh announce 10 year contract
KBR and Petro Rabigh have announced a strategic 10 year general maintenance services contract covering Petro Rabigh Polymer I and Polymer II plants at Rabigh in the Kingdom of Saudi Arabia.
INEOS awarded €300 million for Lavera site
INEOS has announced a €300 million investment supported by French government grants that will deliver the next phase of its Lavera regeneration plan and cut carbon dioxide emissions by 331 000 tpy.
Dangote and XCMG partner for industrial collaboration
Dangote Industries Ltd has entered into a strategic cooperation agreement with XCMG Construction Machinery Co. Ltd in a move aimed at strengthening infrastructure delivery, industrial capacity, and green project development across Africa.
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ExxonMobil advances plastics recycling unit at Baytown
ExxonMobil’s third advanced recycling unit at it's complex in Baytown, Texas, US, is now operational.
BASF supports European BDO supply security through increased production
BASF’s Intermediates division is set to strengthen supply security for its European customers in the 1,4-butanediol (BDO) value chain through increased production at its BDO plant in Ludwigshafen, Germany.
Borouge collaborates with consortium for polyolefin recycling ecosystem
Borouge, Borealis, Catalytic Finance Foundation, Pelita Mekar Semesta (PMS), and Reciki Solusi Indonesia, are set to establish Indonesia’s first fully integrated circular waste management ecosystem.
Valmet to deliver process analytical solutions for Dow’s Path2Zero project
Valmet has received orders from Dow to supply turnkey process analytical solutions for its Path2Zero project at its Fort Saskatchewan site in Alberta, Canada.
OQ and KPI reaffirm commitment to Oman petrochemical project
OQ and Kuwait Petroleum International (KPI) have signed a Project Development Agreement of a jointly owned petrochemical complex in the Special Economic Zone at Duqm (SEZAD), Oman.
Lummus and Sumitomo announce availability of chemical recycling technology
Lummus Technology and Sumitomo Chemical have announced the commercial availability of their polymethyl methacrylate chemical recycling (PMMA-CR) technology.
Dow launches Transform to Outperform
Dow has announced a comprehensive plan to simplify how it operates and streamline its end-to-end processes, targeting at least US$2 billion in near-term operational EBITDA.
Abundia selects Burns & McDonnell for waste plastics-to-fuels facility
Abundia Group has announced that it has appointed Burns & McDonnell as its lead engineer to deliver the FEED package for its first waste-plastics-to-renewable products recycling facility in Baytown, Texas, US.