Petrochemicals

SABIC will raise its stake in Ar-Razi to 75%, purchasing 50% of JSMC’s share.

Approximately US$2.5 billion of planned capital spending is associated with the company’s downstream businesses.

The companies will build a plant to refine and upgrade a feedstock made from low quality, mixed plastic waste.

The King Salman Energy Park will target exploration, production, refining, petrochemicals, conventional power and water production and treatment.

LyondellBasell has granted a license to use its technology to China Petroleum Materials Ltd Corp. and Petrochina Liaoyang Petrochemical Co.

The company will move away from LPG distribution, biodiesel and ethanol holdings and production.

The majority of capital will be directed towards the company’s Heartland Petrochemical Complex, alongside NGL processing and storage.

The transaction sees the business, workforce and production facilities transferring to INEOS Enterprises, where it will trade as INEOS Joliet

Hanwha Total Petrochemical has invested nearly US$500 million to expand its Daesan integrated refining and petrochemical complex.

The company has announced the safe completion of activities at the IMC’s facility.

A Frost & Sullivan report suggests that companies require scalable, flexible cybersecurity solutions.

Energy supply and logistics company acquires lubricant and fuels distributor.

New report finds that a new wave of PDH investment will reignite Chinese demand.

The expansion is intended to enable higher production yields, greater process reliability and enhanced product quality.

Aggregate proceeds from the divestitures are approximately CAN$100 million.