Petrochemicals

In 2022, US ethane demand increased by approximately 9%, or almost 0.2 million bpd, to support the growing petrochemical industry.

SABIC has announced a strategic project to manufacture catalysts, with the aim of transforming Saudi Arabia into a manufacturing hub for specialised materials.

Shell Catalyst & Technologies (SC&T)'s technology has been chosen to enable CSPC JV Phase III – one of the largest petrochemicals joint ventures in China.

China is set to dominate the total upcoming petrochemical project starts in Asia, as the country is likely to start operations of 410 petrochemical projects from 2023 to 2027.

AVEVA has launched its AVEVA Predictive Analytics software – purpose-built for predictive monitoring of industrial assets in oil and gas, power, chemicals, mining and minerals, and manufacturing.

LyondellBasell and Nexus Circular have signed a definite long-term contract that will supply LyondellBasell with approximately 24 000 tpy of recycled feedstock.

Sulzer has signed an agreement with circular technology company, Fuenix Ecogy, to acquire a strategic stake in its plastic upcycling business.

The 2023 GETI report has found that the petrochemicals sector has been hit hardest by soaring supply chain costs, and suffered the worst resulting skills shortages of any energy sector.

Flowserve, a provider of flow control products and services for the global infrastructure markets, and Velan, a manufacturer of industrial valves, have entered into a definitive agreement under which Flowserve will acquire Velan.

INEOS Olefins Belgium has raised €3.5 billion to support the construction and operation of the most environmentally sustainable cracker in Europe.

Borealis will implement UniSim Live as early adopters to improve process modelling and plant reliability.

Neste enabled its customers to reduce global GHG emissions by 11.1 million t in total, by offering renewable and circular solutions to replace fossil products.

LyondellBasell and KIRKBI have signed an agreement to make an investment in APK, which specialises in a solvent-based recycling technology for low density polyethylene.

WSG has extended its reach into the European gas and petrochemicals sector with the acquisition of Nitrovia for an undisclosed sum.

Shell Catalysts & Technologies' global price increase of its refining and chemical catalyst products lines comes as a result of unprecedented global economic challenges.