Petrochemicals
China oil demand growth poised to slow to around 4% in H1 2024
China's oil demand growth likely to ease in H1 2024 to around 4% with resurgent consumption from the aviation and petrochemical sectors offset by weaker diesel usage.
Maersk to buy 500,000 tpy of bio-methanol/e-methanol from China's Goldwind
Danish shipping group Maersk has agreed to buy 500,000 tpy of bio-methanol and e-methanol from China's Goldwind starting in 2026.
Braskem receives grant from REMADE for its polymer recycling technology
Braskem's polymer recycling technology research partnership has been awarded a $504,000 Research, Demonstration, and Development (RD&D) grant from the Reducing Embodied Energy and Decreasing Emissions (REMADE) Institute
Clariant’s catalyst chosen for Shenghong’s new world-scale biodegradable plastics project
Clariant announced that its SynDane 3142 LA catalyst will be used in Jiangsu Shenghong Petrochemical Co., Ltd's maleic anhydride production plant in Lianyungang, Jiangsu province, China.
thyssenkrupp to supply processing tech for Australian urea unit
thyssenkrupp Fertilizer Technology has signed a contract with Saipem to license a urea granulation unit in Karratha, Western Australia.
Venezuelan natural gas cooperation could lead to increased LNG and petrochemical exports
Venezuela is working with Shell and the National Gas Co. of Trinidad and Tobago to develop an offshore natural gas field that could boost LNG and petrochemical exports.
Petrobras partners with European Energy to explore e-methanol business prospects
Petrobras agreed a Memorandum of Understanding with the Danish company, European Energy, to investigate the business opportunities for developing an e-methanol plant in Brazil, on a non-binding basis.
Exxon Mobil to construct a green petchem refinery in Indonesia with $15 B budget
Exxon Mobil is set to make a significant investment of up to $15 B in Indonesia for a green petrochemical refinery and carbon capture storage facility.
NPC to invest $4.2 B for new petchem projects to enhance self-sufficiency
Iran's National Petrochemical Company to invest $4.2 billion for self-sufficiency, focusing on propylene, methanol, ethylene, aromatics, and butylene production, targeting a capacity increase to 200 MMt in the next decade.
Cummins Inc. selected by the UK Department of Transport for its high-horsepower methanol vessel retrofit project
Cummins Inc. announced the selection of its proposal to jointly develop a Methanol Kit for its QSK60 engine as part of the Zero Emission Vessels and Infrastructure competition, funded by the UK Government and delivered in partnership with Innovate UK.
- ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027 11/22
- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
- Russia's Lukoil restoring cracker at NORSI refinery, gasoline output rising 11/22
- Nigeria's local currency crude sales fall short of target, Dangote refinery says 11/22
- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
