Downstream petrochemical news

NEXTCHEM, through its biodegradable plastics technology licensor, CONSER, has been awarded technology licensing and catalyst supply by a prominent client, as part of a larger project located in Northwestern China.

PTT Global Chemical Public Company Limited (GC) has signed a Memorandum of Understanding (MoU) with Mitsubishi Heavy Industries Asia Pacific (MHI) to jointly study the technologies required to develop a large-scale petrochemical complex that aims to support Thailand's carbon neutrality by 2050.

Gunvor USA LLC has executed a feedstock supply and product offtake Letter of Intent (LOI) with Dallas-based ClearShift LLC.

BASF and Heidelberg University will continue to jointly operate the Catalysis Research Laboratory (CaRLa) for a further five years.

thyssenkrupp Uhde has secured a basic engineering package (BEP) and FEED package for the establishment of a biopolymer plant on the Arabian Peninsula.

Neste and Eppendorf have forged a strategic partnership to develop a new line of renewable lab plastics.

Japanese refiner, ENEOS, permanently closed a 120 000 bpd refinery in western Japan in mid-October, and Idemitsu Kosan plans to close a 120 000 bpd refinery in March 2024.

INEOS Aromatics has announced its intention to mothball the smaller and older of two of its Purified Terephthalic Acid (PTA) units at its integrated PX and PTA production facility in Geel, Belgium.

Advanced recycling projects can provide solutions for petrochemical companies aiming to meet decarbonisation targets. Chris Ploetz and Kevin Syphard, Burns & McDonnell, USA, outline the most important factors to consider in order to achieve project success.

BASF has signed a syndicated bank term loan facility with a maturity of 15 years for its new Verbund site in Zhanjiang, China.