Petrochemicals

Voyager Portal, a software platform enabling companies to reduce cost, risk and complexity in their marine supply chain, has announced a US$8.4 million Series A investment led by Phaze Ventures.

Joint research conducted by the World Petroleum Council and Boston Consulting Group suggests that the percentage of women working in oil and gas has stalled at 22%, but the industry has strengthened its commitment to act.

DuPont Clean Technologies has announced that the STRATCO alkylation unit at the Fujian Refining and Petrochemical Co. Ltd refinery has successfully started up.

The company recently made a significant investment to modernise its catalyst research facility in Toyama, Japan, preparing it for faster, more efficient experimentation.

Saudi Aramco Technologies Co. and Sumitomo Chemical Co. Ltd have formed a technology partnership with Axens.

New research from ICIS has revealed that almost half of firms in the energy sector believe that ESG disclosure regulations pose the biggest environmental impact related regulatory risk.

ExxonMobil has acquired California-based Materia, Inc. – developer of technology for manufacturing a class of materials that can be used in a number of applications.

Nikkiso Cryogenic Industries’ Clean Energy & Industrial Gases Group has announced that Soletec Group has become the Authorized Representative and Service Partner for Nikkiso Cryogenic Services (NCS) in Qatar.

A new report from GlobalData suggests that China will dominate new petrochemicals projects in Asia through 2025.

TA’ZIZ and RIL have agreed to launch TA’ZIZ EDC & PVC, a world-scale chemical production partnership at the TA’ZIZ Industrial Chemicals Zone in the UAE.

Technip Energies has been awarded an EPC contract by Borouge for the construction of a new ethane cracker unit, to be integrated in the Borouge 4 petrochemical complex in the UAE.

Mammoet has provided L&T Hydrocarbon Engineering with heavy lifting services for the construction of the Barmer oil refinery and petrochemical complex in Rajasthan, India.

Tecnimont S.p.A. has signed three EPC contracts with Borouge relating to the fourth expansion phase of the polyolefins complex in Ruwais, Abu Dhabi, UAE.

On 2 December 2021, Burckhardt Compression signed an agreement to acquire 100% of the shares in Mark van Schaick BV, which is based in Rotterdam, the Netherlands.

The objective of the new subsidiary will be to strengthen Pemex’s presence in the oil, gas and petrochemical market in Mexico.