Downstream petrochemical news

PetroChina will use LyondellBasell’s Hostalen ACP technology for three petrochemical plants with a total capacity of 1.1 million tpy of HDPE.

Trafigura Group is being joined by executives from the petrochemical industry in creating two new petrochemical trading entities.

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.