Petrochemicals

According to a new report published by Cogent Skills, the downstream petroleum workforce must be part of the net zero transition or employers will face skills shortages.

LyondellBasell has acquired a 50% stake in Stiphout Industries – a company involved in the sourcing and processing of post-consumer plastic packaging waste.

Aramco has completed a US$3.4 billion purchase to acquire a 10% interest in Rongsheng Petrochemical Co. Ltd.

NOVA Chemicals is investing in the development of the company’s first mechanical recycling facility, operated by Novolex.

Zeolyst, an Ecovyst Inc. JV, and Valoregen have announced that they will cooperate to develop advanced recycling technologies utilising Zeolyst’s portfolio of zeolites.

The petrochemical sector's CO2 emissions grew by 41% between 2010 – 2020. To reach net zero emissions by 2050, the sector’s direct emissions need to decrease by 12% between 2020 – 2030.

Masdar, Mitsubishi Chemical Group and INPEX are collaborating to explore setting up the world’s first commercial-scale e-polypropylene production in Abu Dhabi, UAE.

ADNOC has entered into negotiations with OMV about the potential creation of a new combined petrochemicals holding entity.

For the first time in the MENA region, TotalEnergies, Aramco and SABIC have converted oil derived from plastic waste into circular polymers.

Sulzer has announced the opening of its purpose-built Lausitz Service Center, which offers technically advanced repair and upgrade capabilities for all types of rotating equipment.

Technip Energies and LanzaTech Global, Inc. have signed a joint collaboration agreement to create a new pathway to sustainable ethylene.

INEOS is to acquire Naphtachimie, Gexaro and Appryl, currently 50:50 joint ventures between INEOS and TotalEnergies at Lavera in southern France.

Technip Energies has been selected by Aramco for the project management consultancy (PMC) contract to develop the master plan for Ras Al Khair, a new industrial city in Saudi Arabia.

Syclus has selected Axens’ Atol technology for Europe’s first ethanol-based renewable ethylene production plant.

Kent has been appointed as the FEED contractor for the potential expansion of ExxonMobil’s advanced recycling facilities.