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 [...]
US bans palm oil imports from FGV over labour issues October 1, 2020 // 3 Comments Malaysian palm oil company FGV Holdings has had its imports banned by the US, following an investigation by the US Customs [...]
Shell to axe 9,000 jobs in move to low-carbon energy October 1, 2020 // 1 Comment As it moves away from fossil fuels, oil giant Shell is to slash as many as 9,000 jobs by the end of 2022, potentially [...]
Thyssenkrupp to build second PLA plant in China September 28, 2020 // 5 Comments German plant engineering firm Thyssenkrupp has won another order to build a bioplastics plant based on the patented PLAneo [...]
PTT ties up with Range for ethane supply to US plant September 28, 2020 // 3 Comments Thailand state-owned oil and gas company PTT says that its US unit, PTT Global Chemical America’s (PTTGCA), has tied [...]