Petrochemicals

INEOS Phenol has agreed to acquire the entire asset base of Mitsui Phenols Singapore Ltd from Mitsui Chemicals.

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.

Changes to both production and consumption of global liquid fuels have changed the EIA's forecast for balances between the two for the rest of 2022 and 2023. For most of 2021, more liquid fuels were consumed globally than produced.

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.

Baker Hughes has announced an agreement to acquire Quest Integrity, a subsidiary of Team Inc.

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.

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.

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 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.

Versalis Dunastyr, a major petrochemical company based in Hungary, has selected Antea Web's asset integrity management (AIM) software to ensure the mechanical integrity of its assets.

Worley has been awarded two contracts by Corpus Christi Polymers for its polyethylene terephthalate (PET) and purified terephthalic acid (PTA) plant in Corpus Christi, Texas, US.

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

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.

Corpus Christi Polymers LLC has awarded Worley contracts for facilities producing plastics.

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.