Petrochemicals
Climate Investment leads $27-MM Series B investment in Membrane Technology and Research (MTR) to scale its use in industrial applications
This funding will enable MTR to continue its leadership in membrane research and development, expand manufacturing capacity, and accelerate the deployment of its fully commercialized membrane technologies that provide economical solutions for hydrocarbon recovery, hydrogen separation, natural gas sweetening, and fuel gas conditioning.
Japan to boost intermediate chemical imports amid tighter naphtha supply
About 40% of domestic naphtha consumption is met by domestic production, with another 40% sourced from the Middle East and 20% from other regions, but the war in the Middle East has made imports from that region difficult.
China plans to upgrade some petrochemical plants, phase out others by 2029
From next year, authorities will conduct annual rolling surveys and assess any newly identified outdated facilities.
U.S. naphtha exports surge to record high on Japanese, Venezuelan buying
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Construction Boxscore: Project Spotlight
Project:
Long Son Petrochemicals Complex
Location:
Long Son, Vietnam
Operator:
Siam Cement Group
Cost:
$5.4 B
Capacity:
1.65 MMtpy
Completion date:
2023
Status:
Under Construction
