Petrochemicals

Asia will lead the global purified terephthalic acid (PTA) industry capacity additions between 2022 and 2026 with a share of 77%, driven by new-build and expansion projects, forecasts GlobalData.

Nuberg EPC has announced that it has been selected by Indian Oil Corp. Ltd for the construction of 400 tpd sulfur recovery unit.

KBR has signed a master license and engineering agreement with Giammarco-Vertrocoke S.R.L. for KBR to license its carbon capture technology globally.

PT Kilang Pertamina International is set to use Grace's UNIPOL polypropylene technology as part of its larger initiative – the Trans-Pacific Petrochemical Indotama olefin complex development project in Indonesia.

INEOS Aromatics in Zhuhai, China, has been named as an ‘Energy Efficiency Leader’ and benchmark enterprise in the PTA industry by the China Petroleum and Chemical Industry Federation in Beijing, for the fourth year in a row.

The companies have signed an MoU to form a consortium aimed at evaluating and advancing the development of large-scale CCUS solutions and integrated infrastructure in Singapore.

The companies have announced a partnership to scale up and commercialise Ioniqa’s advanced PET recycling technology in the plastics industry, and Koch Technology Solutions has committed to invest up to €30 million in Ioniqa.

ROCKWOOL Technical Insulation has introduced its new insulation technology, which provides proven fire resistance to a plant's piping network.

Nalco Water will design, build, operate, own and maintain a new water treatment plant at Shell Jurong Island, a chemicals manufacturing site.

Encina has announced the first-ever production of high-purity aromatics made entirely from end-of-life mixed plastics.

Technip Energies and APChemi have entered into a cooperation agreement to commercialise APChemi's advanced plastic waste to high quality pyrolysis oil technology.

Lummus Technology has announced major advancements to the Lummus External Air Preheater technology. The latest innovations can significantly reduce CO2 emissions from cracking heaters at ethylene plants, as well as other fired heaters.

Asia is likely to lead the global propylene capacity additions with a capacity of 35.18 million tpy by 2026, with China dominating the region’s propylene capacity additions, accounting for a share of 65%.

The companies have started construction of one of the world’s first demonstration plants for large-scale electrically-heated steam cracker furnaces.

In the EIA's Short-Term Energy Outlook, ethane production in 2H22 is forecast to grow by 9% compared with 1H22, averaging over 2.6 million bpd.