Petrochemicals

Shell Overseas Investments B.V. and B.V. Dordtsche Petroleum Maatschappij have signed an agreement to sell Shell Neft LLC, which owns Shell’s retail and lubricants businesses in Russia.

Cyclyx International, a consortium-based post-use plastic innovation company with a mission to increase the recycling rate of plastic, has announced that Velcro Companies has joined Cyclyx as the newest member of the consortium.

ASME and Black & Veatch have announced the launch of a new joint venture, Twinify Technologies LLC, to provide digital twin solutions serving clients in asset-intensive industries.

Nexus Controls has expanded its Nexus OnCore Control System portfolio with the launch of the Nexus OnCore Compact Control System – a digital solution for operational optimisation.

CSNRI has expanded the manufacturing capacity of its ThermoWrap family of composite repair solutions used in refineries, chemical and petrochemical facilities, tanks and terminals, to repair leaks and restore the integrity of critical assets.

Wood has been appointed capital delivery partner by Esseco UK for the company’s chemical production facility in Wakefield, England.

BP has signed a 10 year offtake agreement with Clean Planet Energy, a UK-based company that is developing facilities to convert hard-to-recycle waste plastics into circular petrochemical feedstocks and ultra-low-sulfur diesel.

The new plant reduces the amount of fresh water required for production processes, and turns material that was previously considered waste into saleable products.

The first issue of our new publication, Global Hydrogen Review, is out now!

BASF has not conducted new business in Russia and Belarus, in light of the war of aggression against Ukraine ordered by the Russian government.

ADNOC and Mubadala have announced a strategic transaction with Borealis, whereby ADNOC will acquire a 25% shareholding in Borealis from Mubadala.

Neste’s Board of Directors has approved a merger plan according to which the company’s wholly-owned subsidiary, Neste Engineering Solutions Oy, will be merged into Neste Corp.

The partnership focuses on global licensing of commercial green ethylene technology, which will accelerate the development of chemicals and plastics made from bioethanol.

TA’ZIZ and Reliance Industries Ltd have signed a formal shareholder agreement for the TA’ZIZ EDC & PVC project, which will produce chlor-alkali, ethylene dichloride, and polyvinyl chloride for the first time in the UAE.

BASF and thyssenkrupp Uhde have improved the STAR process – a proprietary dehydrogenation process that can produce propylene from propane feedstocks, or iso-butylene from iso-butane feedstocks.