Petrochemicals

Odfjell Terminals Korea and S-OIL strengthen strategic partnership with 10-year storage agreement.

LyondellBasell has announced an investment to expand propylene production capacity at its Channelview Complex near Houston, Texas, US.

Honeywell is set to acquire Sundyne to expand critical equipment portfolio and aftermarket services.

MAIRE has announced new awards for the value of approximately US$3.5 billion for EPC activities.

Axens and SOREMA have signed a partnership for providing advanced plastic recycling integrated solutions.

Huntsman Polyurethanes has secured ISCC+ Certification for TPU production sites.

OMV and ADNOC are set to create a US$60 billion global polyolefins group, Borouge Group International.

Lubrication Engineers are set to acquire the industrial brands and products of Royal Purple.

Asia is set to dominate global CDU capacity additions through 2030 as forecasted by GlobalData.

NEXTCHEM awarded a licensing contract by Transition Industries for a 2.1 million tpy ultra-low carbon methanol plant in Mexico.

Okinawa SAF production project selected for METI's SAF manufacturing and supply chain development support project.

Saudi Arabia’s Ministry of Energy has awarded a feedstock allocation for joint project between Sipchem and LyondellBasell.

BP is carrying out a strategic review of its Castrol business, with the intention of accelerating Castrol’s next phase of value delivery.

Sir Jim Ratcliffe, Chairman and CEO of INEOS, has released an open letter to all European Politicians warning about the decline of the European chemical industry.

LanzaJet, Mitsui & Co., and Cosmo Oil have secured government funding for an SAF production project in Japan.