Petrochemicals

The EIA reports that US ethane demand increased by approximately 9% in 2022, driven by petrochemical capacity additions.

Pengerang Energy Complex Sdn Bhd has signed key agreements with several blue-chip partners for the upcoming Pengerang Energy Complex in Johor, Malaysia.

SABIC has signed an agreement with Coolbrook to assess Coolbrook’s Roto Dynamic Reactor technology in support of decarbonising ethylene production.

Sulzer's advanced separation technology will enable end-of-life plastics recycling at Indaver’s first plastic depolymerisation plant that is currently under construction in Antwerp, Belgium.

In 2022, US ethane demand increased by approximately 9%, or almost 0.2 million bpd, to support the growing petrochemical industry.

SABIC has announced a strategic project to manufacture catalysts, with the aim of transforming Saudi Arabia into a manufacturing hub for specialised materials.

Shell Catalyst & Technologies (SC&T)'s technology has been chosen to enable CSPC JV Phase III – one of the largest petrochemicals joint ventures in China.

China is set to dominate the total upcoming petrochemical project starts in Asia, as the country is likely to start operations of 410 petrochemical projects from 2023 to 2027.

AVEVA has launched its AVEVA Predictive Analytics software – purpose-built for predictive monitoring of industrial assets in oil and gas, power, chemicals, mining and minerals, and manufacturing.

LyondellBasell and Nexus Circular have signed a definite long-term contract that will supply LyondellBasell with approximately 24 000 tpy of recycled feedstock.

Sulzer has signed an agreement with circular technology company, Fuenix Ecogy, to acquire a strategic stake in its plastic upcycling business.

The 2023 GETI report has found that the petrochemicals sector has been hit hardest by soaring supply chain costs, and suffered the worst resulting skills shortages of any energy sector.

Flowserve, a provider of flow control products and services for the global infrastructure markets, and Velan, a manufacturer of industrial valves, have entered into a definitive agreement under which Flowserve will acquire Velan.

INEOS Olefins Belgium has raised €3.5 billion to support the construction and operation of the most environmentally sustainable cracker in Europe.

Borealis will implement UniSim Live as early adopters to improve process modelling and plant reliability.