Downstream news
US and Iran lead global polyethylene capacity growth to 2026, says GlobalData
Latest report forecasts global market capacity to grow by 40.4 million tpy.
SOCAR launches STAR refinery
SOCAR has launched its STAR Refinery, with a processing capacity of 10 million tpy.
ANOPC awards WorleyParsons PMC contract for AHC Project
WorleyParsons has been awarded a project management consultancy contract for the new Assiut Hydrocracking Complex in Egypt.
MHI receives contract for Bangladesh fertilizer plant
MHI will undertake EPC responsibilities for the plant to be built in Polash, 50 km northeast of Dhaka.
WorleyParsons to acquire Jacobs’ ECR division
WorleyParsons has entered a binding agreement to acquire the Energy, Chemicals & Resources division of Jacobs.
World Energy to convert petroleum refinery to renewable fuels
US$350 million investment will result in production of 306 million gal./yr.
Bio-on grants bioplastic technology licence to Russian group TAIF
TAIF will acquire a licence to build Russia’s first plant producing biodegradable PHAs bioplastic.
CNOOC and Shell ink MoU
CNOOC and Shell have signed a MoU to explore the development of petrochemical manufacturing facilities at the Nanhai site in Huizhou, Guangdong province, China.
NOCs to spend over US$116bn in new petrochemicals projects, says GlobalData
Latest report observes that oil companies are diversifying beyond upstream oil and gas core.
KBC establishes energy and sustainability co-pilot hub in Singapore
Hub aimed at reducing energy costs and emissions of Singapore-based companies by 10%.