Downstream petrochemical news

The companies have signed an MoU aimed at strengthening cooperation across crude oil sourcing and the marketing of refining and petrochemical products and LNG in Thailand.

ADNOC and Mubadala have announced a strategic transaction with Borealis, whereby ADNOC will acquire a 25% shareholding in Borealis from Mubadala.

NextChem has completed construction of a demonstration plant in Italy for the chemical recycling of PET and polyester from textiles, as part of the EU's DEMETO project.

Consumption of ethane has grown every year since 2010 in the US, and more ethane is now consumed in the country than either jet fuel or propane.

Around 110 000 tpy of fossil-based ingredients will be substituted with renewable carbon sources using BASF’s certified biomass balance approach. The measure will ramp up quickly and avoid around 200 000 t of CO2 emissions in total.

The EU Fund announced a grant decision of €88 million to Neste’s clean hydrogen project in Porvoo, Finland.

MCO-I has secured a contract to deliver compressor train equipment for Chevron Phillips Chemicals' new propylene unit in Texas.

Clariant’s Catalysts business has been awarded three new contracts by China’s Lihuayi Group for its upcoming petrochemicals production units.

Neste is conducting a feasibility study to examine investing in capacity for processing liquefied waste plastic at its refinery in Porvoo, Finland, where the company are working on commercialising the chemical recycling of waste plastic.

The companies will collaborate to bring significant advancements to propane dehydrogenation technology.