Petrochemicals

Aramco, Nanshan Group, Shandong Energy Group and Shandong Yulong Petrochemical have signed a Memorandum of Understanding (MoU).

ChemOne Group has established an Islamic tranche in the overall scheme of an Export Credit Agency (ECA) backed project financing for the Pengerang Energy Complex (PEC).

Lummus Technology has announced a contract from Sinopec Ningbo Zhenhai Refining & Chemical Co. Ltd for a new polypropylene plant in Ningbo, China.

Carbon Recycling International (CRI) and Jiangsu Sailboat have successfully started up one of the world's most efficient CO2-to-methanol plants.

Ras Laffan Petrochemicals, a joint venture (JV) company owned 30% by Chevron Phillips Chemical and 70% by QatarEnergy, has secured US$4.4 billion to finance an integrated polymers facility.

Toyo Engineering has been awarded energy efficiency study contracts for the modernisation of an existing large-scale aromatics plant and phenol plant from PTT Global Chemical Public Company Ltd (GC).

Mammoet's integrated heavy lifting and transport solutions have minimised the complexity of a petrochemical plant construction project in Saudi Arabia.

Lummus' Green Circle announces agreement for advanced plastic recycling technology with Dongyang Environment Group.

Wood has signed a collaboration agreement with OMV for the commercial licensing of its innovative plastic recycling technology, ReOil®.

TotalEnergies and Borealis have announced the start-up of the Baystar joint venture's (JV) new 625 000 tpy Borstar® polyethylene (PE) unit.

Toray Industries, Inc., has announced that it has further expanded its lineup of high-performance-grade chemical-recycled polybutylene terephthalate (PBT) resin products.

INPEX Corp., Air Liquide Group, LSB Industries Inc., and Vopak Moda Houston LLC have agreed to collaborate on the development of a large-scale, low-carbon ammonia production and export project on the Houston Ship Channel.

Nuberg EPC has been awarded a propylene purification package (PPP) contract by Indian Oil Corp. Ltd. (IOCL).

INEOS has announced it has reached an agreement with Eastman Chemical Company to purchase the Eastman Texas City site, including the 600 000 t acetic acid plant and all associated third party activities on the site.

Delays at the Panama Canal because of low water levels are causing very large gas carrier (VLGC) rates to reach record highs, increasing the cost of shipping LPG.