Ethylene
Dow Chemical, Innventure to collaborate on waste-to-value platform
The collaboration aims to enable globally scalable, cost-effective conversion of mixed wastes to petrochemical feedstocks.
Technip Energies, LanzaTech awarded U.S. DOE funding for breakthrough CO2-to-ethylene technology
The U.S. Department of Energy Office of Clean Energy Demonstrations has committed up to $200 MM in federal funding for Technip Energies and LanzaTech's Project SECURE.
BASF and research partners collaborate to optimize mechanical recycling of plastics
BASF has teamed up with Endress+Hauser, TechnoCompound and the Universities of Bayreuth and Jena to study how the mechanical recycling of plastics can be improved. With funding from the German Federal Ministry of Education and Research, the SpecReK project aims to reliably and precisely identify the composition of plastic waste during the recycling process and thus improve the quality of recycled plastics.
Phillips 66 outlines nearly $3-B capital program for 2025
Phillips 66 announced a 2025 capital budget of $2.1 billion, including $998 million for sustaining capital and $1.1 billion for growth capital.
Orlen halts Olefins III project due to ballooning costs
The ORLEN Management Board has decided to halt the Olefins III project after determining that the actual implementation costs would have exceeded the initial estimates by sixfold. The project's cost has ballooned to more than $12 B.
BASF unveils new HDPE brand Easiplas and HDPE construction milestones at Zhanjiang Verbund site
BASF has launched Easiplas, a new brand of high-density polyethylene (HDPE), alongside reaching significant construction milestones at the HDPE plant at the Zhanjiang Verbund site in China
ADNOC launches $80-B low-carbon energy and chemicals investment company
ADNOC announced the launch of XRG, a groundbreaking international lower-carbon energy and chemicals investment company, with an enterprise value of over $80 B. XRG aims to more than double its asset value over the next decade by capitalizing on demand for low-carbon energy and chemicals.
Dow, Ambipar partner to promote plastics recycling in South America
This partnership aims to create an effective platform for plastic recycling and boost the recycling and waste management system in Brazil.
ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027
ExxonMobil plans to invest more than $200 MM to expand its advanced recycling operations at its sites in Baytown and Beaumont, Texas (U.S.), as well as additional investments globally to reach recycling capacity of 1 Blbs/yr by 2027.
Aramco, Rongsheng Petrochemical sign framework agreement for SASREF petrochemicals expansion project
Aramco, Aramco affiliate Saudi Aramco Jubail Refinery Company (SASREF), and an affiliate of Rongsheng Petrochemical Co. Ltd. (Rongsheng Petrochemical) have signed a Development Framework Agreement in Beijing, China, that paves the way for an expansion project at SASREF in Jubail, Kingdom of Saudi Arabia.
- Portugal's Galp plans to start producing biofuels in 2026 12/20
- Prax and Shell call off deal on stake in PCK Schwedt oil refinery 12/20
- Nigeria's Dangote Refinery hits 85% refining capacity 12/20
- India's BPCL buys first Argentinian crude oil cargo for Feb. delivery 12/20
- Sinopec's Zhenhai oil refinery expands capacity to 40 MMtpy 12/20
- Oil via Russia's Druzhba pipeline halted by technical problems 12/20
