Petrochemicals

Asia is set to lead the global propylene industry capacity additions with a share of 68.8% by 2027, by gaining capacities from new-build and expansion projects between 2023 – 2027.

Allotrope Partners LLC, Axens North America and Sumitomo Corp. of Americas have signed an agreement to study the production of a low-carbon biofuel.

Braskem has concluded a 30% increase in the production capacity of its bio-based ethylene plant, located in the Triunfo petrochemical complex in Rio Grande do Sul, Brazil.

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.