Downstream petrochemical news

Saudi Aramco will acquire a 17% stake in South Korea’s Hyundai Oilbank for approximately US$1.25 billion.

The signing of a sales-purchase agreement by MOL to acquire Aurora signals MOL’s entry into recycled plastic compounding.

Dow will work with PETRONAS Chemicals Group as its first carbon savings contributor to the Dow-International Olympic Committee Official Carbon Partnership.

New report from GlobalData forecasts that Asia will be a major contributor to growth in the global petrochemical industry by 2030.

Clariant’s new catalyst, for selective oxidation of ortho-xylene to phthalic anhydride, has been successfully started up in the Petrowidada in Indonesia.

To meet growing customer demand, BASF will increase the capacity for alkylethanolamines by 20% at its Verbund site in Ludwigshafen, Germany.

Braskem has signed an agreement with Siemens to modernise a cogeneration power and steam plant at its petrochemical complex in Sao Paulo, Brazil.

PTT Global Chemical chose hte for an independent commercial catalyst evaluation in hydroprocessing prior to a change-out in 2020.

HRRL has selected Axens to supply technology for its new integrated refinery and petrochemical complex in Pachpadra Tehsil, India.

Research and Markets has released its ‘LNG Business and Market Outlook in India – 2019’ report examining the Indian LNG forecast up to 2030.