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Petrochemicals

 
 

MTO gas-chemical complex inks contract with Wood

The MTO gas-chemical complex has announced the signing of a contract with Wood Plc to support the project with detailed engineering and procurement assistance services.

 
 

Baker Hughes opens new chemicals facility in Singapore

Baker Hughes is expanding its presence in Asia by opening a new oilfield services chemicals manufacturing facility in Singapore to manufacture, store and distribute chemical solutions for upstream, midstream, downstream and adjacent industries.

 
 

AFPM: Inflation Reduction Act falls short

The House of Representatives is set to take up the Inflation Reduction Act of 2022 that covers tax, energy, climate and other issues that impact the refining and petrochemical industries. After careful review, AFPM opposes this legislation.

 

Topsoe joins plastics recycling initiative

Danish Technological Institute has united Topsoe, Coloplast, Novo Nordisk, Danfoss, BASF, Grundfos and COOP in a project called Circular Industrial Plastics to increase recycling by at least 20% before 2025.

 

ICIS IPEX points to global price collapse

The monthly ICIS Petrochemical Index (IPEX) is recording a collapse in commodity petrochemical and polymer prices worldwide as economic and cost pressures for the sector mount.

 

Wood to engineer European olefin complex

Wood has secured a new contract with INEOS to deliver EPCm services for Project One – a new petrochemicals complex in Antwerp, Belgium, that will deliver an ethane cracker with the lowest carbon footprint in Europe.

 
 
 

EIA: US propane spot prices have declined

After reaching multi-year highs in March 2022, propane spot prices at the Mont Belvieu distribution hub in Texas, US, have steadily declined.

 

Borealis prolongs standstill of its PDH plant in Belgium

In light of recent developments and news about alleged malpractices at one of its contractors at the new PDH construction site in Kallo, Belgium, Borealis has decided to declare a three-day standstill for the site.