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Petrochemicals

OMV to invest €750 MM at Petrobrazi to produce sustainable fuels

OMV Petrom will invest approximately €750 MM at Petrobrazi to transform the refinery into the first major producer of sustainable fuels in the region.

Univation launches new PE process to produce LDPE and EVA resins

Univation Technologies announced the launch of its latest licensed technology platform – a tubular high-pressure PE process enabling production of both low-density polyethylene (LDPE) and ethyl-vinyl acetate (EVA) copolymer resins which is offered under the brand name UNIGILITY™ Tubular High Pressure PE Process Technology.

Vast and Mabanaft advance Port Augusta green methanol project in Australia

Vast Renewables Ltd., a renewable energy company planning to power green fuels production with its concentrated solar thermal power (CSP) energy systems, announced it has signed a Joint Development Agreement (JDA) with global energy company Mabanaft to advance Solar Methanol 1 (SM1), a CSP-powered green methanol reference plant.  

Glocal Green, Norwegian Hydrogen to build large-scale bio-eMethanol facility in Norway

Ålesund-based Glocal Green and Norwegian Hydrogen have entered into a collaboration agreement on large-scale production of what is also known as bio-e-methanol.

Valmet announces upgrade to D3 distributed control system

Using Valmet’s D3 distributed control system (DCS) automation platform, industrial processors can now integrate numerous reliability and performance enhancements in the first significant update following its acquisition from NovaTech Automation last year.

Singapore offers carbon tax rebates for refiners near term

Singapore is offering refiners and petrochemical companies rebates of up to 76% for its planned carbon tax for 2024 and 2025 to help them ease cost stress and remain competitive versus rivals elsewhere.

Thailand BOI approves $1.5-B investment in biochemicals, data centers, power plants, hospital

The Thailand Board of Investment (BOI) has approved the investment promotion applications of eight large projects worth a combined 56.95 B baht ($1.54 B), including a bio-ethylene plant project by the local joint venture of Brazil’s Braskem, as well as data centers, power plants, and a major new hospital.

Solugen secures conditional commitment for $214-MM loan guarantee, bolstering U.S. leadership in green manufacturing, domestic chemical production

Solugen has secured a conditional commitment for a $213.6-MM loan guarantee from the U.S. Department of Energy (DOE) Loan Programs Office (LPO). This financing will support the construction of the Bioforge Marshall facility in Southwest Minnesota, reinforcing the U.S. as a pioneer in sustainable chemical manufacturing.

Transform Materials and Johnson Matthey collaborate to enable lower carbon and mercury-free alternative routes for PVC manufacturing

Scientists and engineers at Transform Materials and Johnson Matthey are applying their combined expertise with the aim of revolutionizing VCM production through a novel, lower-carbon-emission, mercury-free process.

Huntsman inaugurates new innovation center in Belgium

Huntsman Corp. has opened a new innovation center in Tienen, Belgium, strengthening its research and development (R&D) capabilities and reinforcing its commitment to its customers in the region.