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Petrochemicals

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.

 
 

API: concerns over new regulations for key refining chemical

The API has filed comments with the EPA, highlighting concern that proposed changes to perchloroethylene regulations are not based on the best available science and could lead to serious impediments to the refining process.

 

IVL and Capchem enter agreement

Indorama Ventures and Capchem evaluate proposed carbonate solvents plant to supply North American lithium-ion battery market.