Downstream petrochemical news
Haldor Topsoe releases annual report for 2018
Figures show healthy performance in the chemical and refining industries with a 12% increase in revenue.
Wood wins contract to lead project aimed at reducing CO2 emissions
The company will provide engineering and concept design work exploring carbon capture in gas power and industrial settings.
SABIC signs construction contracts with nine companies
As part of Saudi Vision 2030, the company aims to improve health and safety while growing its downstream capacity.
US petrochemical industry to experience surge of investment
Over US$200 billion is to be invested in the industry, according to Wood Mackenzie Senior Vice President Chemicals, Steve Zinger.
Arkema starts its first US PEKK production plant
To satisfy future demand for carbon fibre reinforced composites and 3D printing materials, the company is strengthening its production capacity.
Healthy isobutane market growth forecast
Research by Reports and Data has found that the market will reach US$34 billion by 2026.
Petrochemical cooperation planned between OMV and ADNOC
Another development in ADNOC’s strategy of expanding its petrochemical business, OMV plan further collaboration with the UAE company.
Saudi Aramco announce broad expansion in petrochemical capacity
In a speech given at the Gulf Petrochemicals and Chemicals Association’s Research and Innovation summit, Aramco outlined their vision of increased research and production in the industry.
Mammoet delivers components for major Trinidad plant
The Dutch company, contracted by Mitsubishi Heavy Industries, has completed the delivery and installation of 120 pressure vessels and modules for the new dimethyl ether plant.
Asia will contribute 49% of global petrochemical capacity additions by 2030, says GlobalData
Asia is forecast to be the major contributor to the growth of the global petrochemical industry by 2030.