Management

ADNOC terminates talks to buy stake in Brazil's Braskem

Brazilian petrochemical producer Braskem said that Abu Dhabi oil company ADNOC has decided to terminate talks to buy a stake held by conglomerate Novonor in the firm.

BASF and IPP jointly market the sale/relocation of three plants from Verbund site in Germany

BASF and International Process Plants will jointly market the sale and relocation of three plants-ammonia, methanol and melamine-from BASF’s Verbund site in Ludwigshafen, Germany.

INEOS completes purchase of LyondellBasell's EO&D facility in Bayport, Texas (U.S.)

INEOS Oxide and LyondellBasell completed the sale of LyondellBasell’s ethylene oxide and derivatives (EO&D) business and associated production facilities located in Bayport, Texas to INEOS.

Shell records nearly $8-B Q1 profit on the back of refining, chemicals/products and LNG divisions

Shell reported a Q1 profit of $7.7 B, boosted by Red Sea trading disruptions, Russian refining outages and Shell's LNG production increases.

Borouge increases Q1 net profit nearly 40% to $273 MM

Borouge saw its Q1 net profits increase 37% to $273 MM. Total revenue for the quarter topped $1.3 B.

Artificial intelligence for engineering a better tomorrow—Part 1

Artificial intelligence (AI) in engineering a better tomorrow refers to the concept of utilizing AI technologies to enhance and innovate the field of engineering. This concept includes the integration of AI into various engineering disciplines to improve efficiency, accuracy and innovation.

Decarbonization opportunities in refinery and petrochemical complex-organic Rankine cycles

In an organization’s pursuit of decarbonization, significant opportunities exist in recovering waste heat from high-temperature streams instead of rejecting it to heat sinks. This article analyzes the economics of using the organic Rankine cycle (ORC) to recover waste heat and generate electricity.

Business Trends: Global chemicals industry outlook for 2024

After a challenging end to 2022, many in the chemical industry anticipated a modest rebound in production in 2023. However, by mid-2023, several chemical companies significantly lowered their expectations.

Improve energy efficiency of assets

Navigating the complex LNG value chain

Throughout the last two decades, LNG technology improvements have built a global natural gas market. This globalization has led to an increase in demand, but also an increase in instability, as changing global events and the drive towards increased sustainability in energy sources have created market fluctuations from all directions.