Downstream petrochemical news

KBC (A Yokogawa Company) has announced the launch of Petro-SIM® v7.6, the latest release of its digital twin process simulation platform for the upstream and downstream oil and gas sectors.

MOL has imported 85 000 t of CPC blend into the Central and Eastern European region and signed an oil trading contract with Kazakhstan’s national oil company, KazMunayGas (KMG).

The official signing ceremony for the previously announced Tengiz Gas Separation Complex (GSC) project was held today at KMG PetroChem’s headquarters in Astana, Kazakhstan.

thyssenkrupp Uhde has signed a letter of intent (LOI) together with KÖKSAN for the delivery of two polymer plants in Türkiye and Iraq.

Atlas Copco Energas GmbH, Gas and Process Division, demonstrate how petrochemical companies can maximise gas process efficiency with Compander technology.

Johnson Matthey has announced that three methanol production trains of Inner Mongolia Baofeng Coal-based New Materials Co., Ltd, have been commissioned.

Evonik’s Coating & Adhesive Resins business line has started using green electricity for its polybutadiene production in Marl, Germany.

At the Invest Zambia International Conference, the Industrial Development Corp. (IDC) has signed two memoranda of understandings (MoUs) worth over US$2 billion, securing major investments in Zambia’s energy sector.

Licella has announced strategic funding from Diamond Edge Ventures (DEV), the corporate venture capital arm of Mitsubishi Chemical Group (MCG), a Japanese chemical company, under a Business and Capital Alliance Agreement.

INEOS has completed a major £30 million investment at its Hull manufacturing site, UK, which has resulted in a 75% cut in carbon emissions.