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Petrochemicals

Corpus Christi plastics plant construction will create up to 2,400 jobs at its peak

The completed Jumbo plastics project will be capable of producing between 1.1 million and 1.3 million metric tons of purified terephthalic acid, and polyethylene terephthalate.

NOVA Chemicals announces company’s first mechanical recycling facility operated by Novolex

NOVA Chemicals Corporation has made a significant expansion of its Circular Solutions business today by announcing an investment into developing its first mechanical recycling facility in Connersville, IN.

Saudi Arabia and Turkey sign petroleum and petchem cooperation MoU

Saudi Arabia and Turkey have signed a memorandum of understanding to cooperate in the production, marketing and distribution of refined petroleum products and in petrochemicals production.

Riyadh, Tokyo to cooperate on energy security, recycled carbon fuels and ammonia

Saudi Arabia said it remains committed to securing oil supplies for Japan and will continue cooperating with Tokyo on clean hydrogen, ammonia and recycled carbon fuels.

ADNOC statement on potential Borouge-Borealis merger

Abu Dhabi National Oil Company P.J.S.C. is excited to confirm that, following initial exploratory discussions, it has entered into formal negotiations with OMV AG, about the  potential creation of a new combined petrochemicals holding entity, through the proposed merger of their respective existing shareholdings in Borouge plc and Borealis AG.

Marine fuel contamination hits U.S. Gulf Coast shippers

Contaminated marine fuels from several suppliers led to fouled engines on about a dozen vessels operating from the U.S. Gulf Coast this spring, according to Lloyd's Register and marine fuel testing service VPS.

Stamicarbon secured a €100-MM fertilizer project in Africa, including licensing and proprietary equipment

MAIRE S.p.A. announces that its subsidiary NextChem Holding, through Stamicarbon has been awarded licensing and proprietary equipment contracts related to an ammonia and urea complex for an overall value of approximately €100 MM, making it the largest award to Stamicarbon up to date.

Venezuelan petroleum coke contract dispute fuels tanker queues, hunt for options

The sudden suspension of a Venezuelan contract that had boosted its exports of petroleum coke has led to a bottleneck of tankers waiting to load and sent customers scrambling for alternative supplies, according to sources and data.

BASF to supply Neopentyl Glycol from Zhanjiang to KHUA

BASF and Zhejiang Guanghua Technology Co.,Ltd. have signed a Letter of Intent for the supply of Neopentyl Glycol from BASF’s Zhanjiang Verbund site to KHUA.

Technip Energies and LanzaTech to collaborate on CO2-to-ethylene tech

Technip Energies and LanzaTech Global, Inc. signed a Joint Collaboration Agreement to create a new pathway to sustainable ethylene utilizing their combined technologies.