Petrochemicals
White Summit to invest €250 MM in Spanish green methanol plant
Infrastructure investment firm White Summit Capital will invest €250 MM ($267 million) in a green hydrogen and methanol plant in Spain.
Grace licenses UNIPOL polypropylene technology to Bharat Petroleum Corp. Ltd.
W. R. Grace announced that Bharat Petroleum Corporation Limited (BPCL), the second largest Indian oil marketing company, has expanded its licenses for Grace’s UNIPOL® polypropylene (PP) process technology.
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.
- Tecnofink and CorrosionRADAR partner to bring advanced CUI monitoring solutions to Brazil 5/19
- Phillips 66 greenlights new gas plant and fractionator projects, advancing integrated wellhead-to-market strategy 5/18
- OXEA and Air Liquide renew syngas and hydrogen supply agreement for Oberhausen site 5/18
- BASF boosts refinery catalyst innovation with new R&D center in Attapulgus, Georgia (U.S.) 5/18
- Aster and Puraglobe sign MoU to bring world-leading re-refining technology to Asia 5/18
- U.S. oil refiners finally profit from biofuels due to mandates, high fuel prices 5/18
