Petrochemicals

VARO has announced the acquisition of Preem AB to create a leading energy provider in the mobility and industrial sectors.

Petrobras has expanded RNEST's processing capacity with the completion of Train 1 works.

Agilyx has launched Plastyx Ltd to source and supply feedstock for the European advanced plastic recycling industry.

Mitsubishi Chemical Group has concluded a license agreement for N-Vinylformamide manufacturing technology.

Jet fuel made up a record share of US refinery output in 2024 according to an update from the US Energy Information Administration.

Vici Energy has expanded trading operations with new Renovo office in Qingdao, China.

Veolia Water Technologies has launched ToroJet™, a new nutshell filter for the oil and gas industry.

Worley has announced a collaboration with NVIDIA to unlock value with generative AI and enhance the oil and gas industry.

Wison Engineering has signed a FEED contract with WasteFuel for Ankara Green Methanol Project in Turkey.

LyondellBasell and Covestro have announced the permanent closure of PO11 unit at Maasvlakte in the Netherlands.

China is set to drive global polyolefins capacity additions through 2030 according to analysts at GlobalData.

Oil prices are likely to be lower in 2025 than the previous year according to a report from Wood Mackenzie.

Aradel Holdings Plc has announced the completion of SPDC Nigeria by Renaissance Africa Energy Holdings.

deugro has delivered over 85 000 cubic meters of equipment for a large petrochemical project in Texas, US.

Woodside has signed a long-term sale and purchase agreement (SPA) with China Resources Gas International Ltd (China Resources) for the supply of LNG to China.