Borealis commissions EUR25 mn naptha cavern in Finland October 26, 2020 // 4 Comments Austrian chemical firm Borealis says that its new naphtha cavern in Porvoo, Finland, has been commissioned. Having invested [...]
Lummus awarded contract by Hengyi for Brunei PP unit October 26, 2020 // 1 Comment Lummus Technology has announced that its Novolen business has been awarded a contract by China’s Hengyi Industries for a [...]
Saudi Aramco/Sabic re-evaluate US$20 bn crude-oil-to-chemicals project October 20, 2020 // 3 Comments State-owned giant oil/gas firm Saudi Aramco and petrochemicals firm Saudi Basic Industries (Sabic) have decided to [...]
China investing US$10 bn in four mega refineries October 13, 2020 // 1 Comment China is on a roll. Against the back of the Covid-19 pandemic, the country has raised the stakes with the investment of tens [...]
Oil demand to plateau in late 2030s, says OPEC October 13, 2020 // 2 Comments Global demand for oil will plateau in the late 2030s and by then will start to decline, according to the Organisation of the [...]
Hengli investing US$1.7 bn in PTA units in China October 6, 2020 // 1 Comment China’s Hengli Petrochemical is planning to add another two 2.5 million-tonne/year purified terephthalic acid (PTA) [...]
ExxonMobil to axe 11% of European workforce; 1,600 job losses October 6, 2020 // 2 Comments US oil/gas giant ExxonMobil says it will cut 1,600 jobs in Europe, representing more than 11% of its workforce in the [...]
Sumitomo, Aramco extend US$2 bn loan to Petro Rabigh October 5, 2020 // 3 Comments Japanese chemical firm Sumitomo Chemical and state-owned oil/gas giant Saudi Aramco will extend a US$2 billion loan to their [...]
LyondellBasell takes stake in Sasol US unit for US$2bn October 5, 2020 // 1 Comment Chemical company LyondellBasell Industries is to acquire a 50% stake in a US-based unit of South African petrochemicals firm [...]
OQ Chemicals expands isononanoic acid capacity by 30% October 2, 2020 // 1 Comment OQ Chemicals (formerly Oxea) has successfully completed a recent expansion project at its Oberhausen, Germany site resulting [...]