Downstream petrochemical news

Axens, IFPEN and JEPLAN have announced the start-up operation of Rewind® PET semi-industrial unit in Japan for the chemical recycling of polyethylene terephthalate (PET).

Cyclyx International, a joint venture (JV) between Agilyx and ExxonMobil, has announced that LyondellBasell has acquired 25% equity ownership of the JV.

Lummus Technology has reached an agreement with Air Liquide Engineering & Construction to acquire rights to license and market ester grade acrylic acid technology, and light and heavy acrylates process technology.

KBC (A Yokogawa Company) has announced the launch of KBC Acuity™ Industrial Cloud Suite, which will serve as the new umbrella for cloud delivery of KBC’s software and solutions.

Braskem, the global biopolymer producer, has announced the opening of its representative office in Tokyo, Japan.

Johnson Matthey (JM) and BP have announced that EDL Anlagenbau Gesellschaft mbH (EDL) has selected their co-developed Fischer Tropsch (FT) CANS™ technology for EDL’s HyKero plant.

Aramco, Nanshan Group, Shandong Energy Group and Shandong Yulong Petrochemical have signed a Memorandum of Understanding (MoU).

ChemOne Group has established an Islamic tranche in the overall scheme of an Export Credit Agency (ECA) backed project financing for the Pengerang Energy Complex (PEC).

Ras Laffan Petrochemicals, a joint venture (JV) company owned 30% by Chevron Phillips Chemical and 70% by QatarEnergy, has secured US$4.4 billion to finance an integrated polymers facility.

Toyo Engineering has been awarded energy efficiency study contracts for the modernisation of an existing large-scale aromatics plant and phenol plant from PTT Global Chemical Public Company Ltd (GC).