Petrochemicals

A new report from Wood Mackenzie offers five key developments for the energy sector over the next 12 months.

INEOS and SINOPEC have signed a joint venture agreement for a new petrochemicals complex in Tianjin, China.

Woodside has entered into a gas sales agreement with Qenos for the supply of natural gas from Woodside’s equity position in Bass Strait in the Australian state of Victoria.

ExxonMobil has announced the successful start-up of its new polypropylene production unit at the Polyolefins Plant in Baton Rouge, Louisiana, US.

Axens has successfully started up an ethanol-to-ethylene pilot plant in Japan, in partnership with Sumitomo Chemical.

Rotoflow, an Air Products business, has opened a new solutions centre in the Qingpu district of Shanghai, China, to better serve the turbomachinery needs of customers throughout Asia.

Clariant Catalysts has teamed up with Evonik and thyssenkrupp Industrial Solutions in a major propylene oxide project.

A new report from the Energy Efficiency Movement shows that improving industrial energy efficiency is the fastest and most effective way for a business to cut energy costs and greenhouse gas emissions.

KBC has announced the release of Visual MESA® Production Accounting 4.2 for yield accounting and data reconciliation in oil, gas and chemical operations.

Honeywell has signed a Memorandum of Understanding (MoU) with Egypt’s Environ Adapt for Recycling Industries with the aim of advancing plastics recycling in the country.

Sichuan Energy Investment (SCEI) and hte have signed an MoU to establish a satellite laboratory in Heidelberg, Germany, to accelerate SCEI’s R&D activities.

Rising demand for plastics and resins has boosted ethylene and propylene manufacturing, leading the sector to its highest revenue since 2014, at nearly US$80 billion.

Asia is set to lead the global polyethylene terephthalate (PET) industry capacity additions with a share of 58% by 2026 from new-build and expansion projects between 2022 – 2026, forecasts GlobalData.

The new non-phthalate polypropylene portfolio delivers a variety of advanced attributes, supporting automotive, healthcare and food packaging end products.

Aramco's subsidiary, S-OIL, is making its biggest ever investment in South Korea to develop one of the world’s largest refinery-integrated petrochemical steam crackers.