Petrochemicals

BASF has not conducted new business in Russia and Belarus, in light of the war of aggression against Ukraine ordered by the Russian government.

ADNOC and Mubadala have announced a strategic transaction with Borealis, whereby ADNOC will acquire a 25% shareholding in Borealis from Mubadala.

Neste’s Board of Directors has approved a merger plan according to which the company’s wholly-owned subsidiary, Neste Engineering Solutions Oy, will be merged into Neste Corp.

The partnership focuses on global licensing of commercial green ethylene technology, which will accelerate the development of chemicals and plastics made from bioethanol.

TA’ZIZ and Reliance Industries Ltd have signed a formal shareholder agreement for the TA’ZIZ EDC & PVC project, which will produce chlor-alkali, ethylene dichloride, and polyvinyl chloride for the first time in the UAE.

BASF and thyssenkrupp Uhde have improved the STAR process – a proprietary dehydrogenation process that can produce propylene from propane feedstocks, or iso-butylene from iso-butane feedstocks.

Indorama Ventures, a global sustainable chemical company, has completed the acquisition of Ngoc Nghia, one of Vietnam’s leading PET packaging companies.

A new report from GlobalData suggests that Asia will account 61% of global ethylene capacity additions through 2030.

Borealis has selected Axens' Rewind Mix process for its plastics pyrolysis oil upgrading unit in Stenungsund, Sweden.

Sulzer has begun the construction of a new expansion to its Baton Rouge Service Centre in Louisiana, US.

Fuhaichuang Petrochemical Co. Ltd has selected Axens’ ebullated-bed residue hydrocracking technology to help boost the profitability of its assets.

Technip Energies and Alterra Energy have signed an agreement to jointly develop sustainable plastics projects.

Linde is expanding its La Porte facility in Texas, US, effectively doubling the facility's merchant liquid production capacity.

Technip Energies and Clariant have signed a cooperation agreement for the implementation of Clariant’s sunliquid® cellulosic ethanol technology.

Effective immediately, or as contracts permit, Clariant will implement price increases across its Catalysts portfolio.