Petrochemicals

According to Lucintel, the global basic petrochemical market is expected to reach US$603.2 billion by 2021.

Entegris Inc. has partnered up with China's Spectrum Materials to manufacture Entegris specialty chemicals in China.

Shandong Yuhuang Shengshi Chemical has selected LyondellBasell Hostalen ACP PE Technology for its petrochemical complex in Heze, China.

AkzoNobel has rejected a bid from PPG International and announces a proposal to separate its specialty chemicals business.

Neste Jacobs and Coolbrook have announced their plans to develop new olefin cracking technology based on a hydrocarbon cracking method where ethylene, the core raw material for polyethylene, is produced.

Amec Foster Wheeler has announced it has been awarded a contract by Petrochemical Industries Company K.S.C., a subsidiary of the Kuwait Petroleum Company.

Danos has announced it has been selected to provide materials management services for the construction of a new petrochemical processing plant in the Northeastern US.

Altran has announced that it has made a minority equity investment in the H2Scan.

Sanborn Map Company has announced the final delivery of a multi-year infrastructure programme in the Middle East.

Oiltanking Antwerp Gas Terminal has announced it has doubled its storage capacity and further enhanced its position as an integrated partner for the petrochemical industry.

The American Chemistry Council has applauded ExxonMobil’s planned investments in the US Gulf Coast.

ExxonMobil plans to invest US$20 billion to expand manufacturing in the US Gulf Coast region.

According to IHS Markit, despite economic slowdown and overcapacity, China is still to drive global petrochemical market growth.

Amec Foster Wheeler has signed a global downstream framework agreement with Shell.

Scientists at the US Department of Energy's Argonne National Laboratory have announced their reusable sponge, that soaks up oil, could revolutionise oil spill and diesel cleanup.