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Petrochemicals

Neste Engineering Solutions Oy to fully merge into Neste Corp.

In April 2022, Neste announced that it would merge the company’s wholly-owned subsidiary, Neste Engineering Solutions Oy, into Neste Corp. The plan has now been completed, and the merger will take place on 1 October 2022.

 
 
 

Asia to dominate global PTA capacity additions

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.

 
 
 
 

INEOS Aromatics achieves energy efficiency recognition

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.

 
 
 
 
 
 
 

Lummus accelerates carbon reduction goals with new innovation

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.