Petrochemicals

CIRCOR has announced that it plans to build a new manufacturing facility in Weihai, China.

Clariant and Floreon will collaborate to develop and market biopolymers.

ExxonMobil has announced that it is evaluating significant capital and operating expense reductions in the near-term due to COVID-19.

Highlighting strong profits despite a challenging macro environment, Saudi Aramco has released its 2019 financial results.

TechnipFMC has declared that it will delay its separation into two companies due to the COVID-19 coronavirus pandemic and current market conditions.

GlobalData has reported that Asia is set to lead global polyethylene capacity additions by 2024.

Honeywell UOP has announced that Zhejiang Petrochemical will use its technology for the largest petrochemical project in China.

Neste and Mirova have announced a combined €10 million investment into Recycling Technologies Ltd.

Nouryon and INEOS Nitriles has broken ground on new chelates facilities in Germany.

Hengli Petrochemical and INVISTA have announced that Hengli’s PTA line has reached its full production rate.

OMV and Mubadala are negotiating the acquisition of an additional 39% share in Borealis.

LyondellBasell and Bora have signed definitive agreements to form a Chinese petrochemical joint venture.

WEKA has fully licensed Toshniwal to produce WEKA magnetic level indicators locally, expanding its Indian presence.

The EIA has reported that less petroleum and other liquids consumed in the US is coming from refineries.

Worley has announced that it has partnered with Agilyx and INEOS Styrolution with the aim to expand the circular economy for plastics.