Petrochemicals

Maire Tecnimont's subsidiary, Tecnimont S.p.A., has been awarded an EPC contract relating to the implementation of a petrochemical project.

ADNOC and Mubadala have announced a transaction involving OMV, a global energy and chemicals group. Under the agreement, ADNOC will acquire a 24.9% shareholding in OMV from Mubadala.

Lummus Technology has been awarded a contract by Zhangzhou CHIMEI Chemical Co. Ltd. for digitalisation services at the company's petrochemical facility in Gulei, Fujian Province, China.

The companies are exploring collaboration across refining and petrochemical projects in China and Saudi Arabia.

The rating puts INEOS into the top 8% of companies in the sector demonstrating an advanced management system in terms of environment issues, ethics, labour and human rights, and sustainable procurement.

Asia is set to lead the global acrylonitrile industry capacity additions with a share of 99.6% by 2026 from new-build projects between 2022 – 2026, forecasts GlobalData.

Shandong Yulong Petrochemical Co. Ltd has selected EST, which Chevron Lummus Global licenses, for a slurry residue hydrocracking unit in Shandong Province, China.

Technip Energies awarded a proprietary equipment contract by Chevron Phillips Chemical and QatarEnergy for the Golden Triangle Polymers ethane cracker.

SABIC has signed an agreement with Synova and Technip Energies to collaborate on the development and realisation of a plant that would produce olefins and aromatics from plastic waste.

LyondellBasell has announced that it will increase its 2030 greenhouse gas emissions reduction target for scope 1 and scope 2 emissions from 30% to 42%, relative to a 2020 baseline.

Lummus Technology has announced that its licensed crude-to-chemicals technology will move forward in its first commercial deployment through S-Oil's Shaheen Project in South Korea.

Sarens will supply cranes to be used for the project, as well as for some onsite transportation at the plant.

The Saudi Arabian Oil Company (Aramco) and TotalEnergies have taken the final investment decision for the construction of a world scale petrochemical facility in Saudi Arabia.

ExxonMobil has announced the successful start-up of one of the largest advanced recycling facilities in North America.

Dennis Long, Watlow, explains why opting for electric within petrochemical processes is important for mitigating carbon dioxide emissions and advancing long-term decarbonisation goals.