Petrochemicals

Shell is considering selling off chemical assets in Europe and the U.S.

Shell is considering a potential sale of its chemicals assets in Europe and the United States, the Wall Street Journal reported, citing sources familiar with the matter. The energy group has hired Morgan Stanley to conduct a strategic review of its chemicals operations, the report said.

Honeywell to acquire Sundyne to expand critical equipment portfolio and aftermarket services

Honeywell has agreed to acquire Sundyne from private equity firm Warburg Pincus for $2.16 billion in an all-cash transaction. This represents approximately 14.5x 2024 EBITDA on a tax-adjusted basis.

Chinese CNOOC to launch $2.7-B upgraded refinery complex

State-controlled China National Offshore Oil Company (CNOOC) is set to launch a refinery and petrochemicals complex later this year, following a $2.74-B upgrade.

Sapphire Technologies, Honeywell UOP partner to revolutionize energy recovery in refineries

Sapphire Technologies, a leading developer and manufacturer of energy recovery systems for natural gas applications, announces a strategic partnership with Honeywell UOP LLC, a global leader in providing technology and services for the oil and gas industry, known for its innovative solutions in refining, petrochemical production and gas processing.

LyondellBasell approves propylene expansion project

LyondellBasell has announced an investment to expand propylene production capacity at its Channelview complex near Houston, Texas (U.S.). 

ADNOC and OMV to create $60+ billion global polyolefins champion

MAIRE awarded various EPC contracts, totaling $3.5 B

MAIRE announced that its subsidiaries TECNIMONT, KT-Kinetics Technology and NEXTCHEM and have been granted new awards for a total amount of approximately $3.5 billion for engineering and procurement and construction activities related to petrochemical and hydrotreating projects, as well as high value engineering services for a waste to chemical project.

Axens, SOREMA sign partnership for providing advanced plastic recycling integrated solutions

Axens and SOREMA announced their cooperation for providing integrated solutions for advanced (chemical, physical) recycling of plastic wastes. This cooperation enables Axens and SOREMA the ability to provide their clients with integrated and optimized solutions, maximizing the yield and revenues from the waste feedstock to the recycled plastic.

Huntsman Polyurethanes secures ISCC+ Certification for TPU production sites

Huntsman announced that its Thermoplastic Polyurethane (TPU) manufacturing sites in Jinshan, China, and Osnabrück, Germany, have successfully secured ISCC+ Certification – the globally recognized standard for sustainability and traceability in supply chains.

ExxonMobil buys naphtha as China petchem complex enters test runs

ExxonMobil has purchased several shipments of naphtha for its newly launched petrochemical complex in southern China as the U.S. energy major prepares for the formal start-up of the $10-B plant.