Petrochemicals

DNV releases guidelines to validate low carbon and renewable hydrogen and ammonia attribute claims

DNV has announced the release of its new service specification, DNV-SE-0654, which delineates DNV's procedures for verifying claims made by companies about the production and distribution of low-carbon hydrogen and ammonia.

Sinopec not interested in acquiring Shell's Singapore assets

Asia's top refiner, Sinopec Corp, is not interested in acquiring Shell's refinery or petrochemical plant in Singapore although it is keen on participating in a shale gas project in Saudi Arabia.

Republic Services teams up with polymer recycler Ravago to produce recycled resin

Second biggest U.S. waste disposal company Republic Services teams up with polymer recycler Ravago to produce recycled plastic.

Scientists use quantum device to slow down simulated chemical reaction 100 billion times

Scientists at the University of Sydney have, for the first time, used a quantum computer to engineer and directly observe a process critical in chemical reactions by slowing it down by a factor of 100 billion times.

Ethylene copolymers market is anticipated to reach $90 B by 2033

The global market is anticipated to have a steady CAGR of 4.2% during the period from 2023 to 2033. The overall market size is predicted to expand from $59.4 B in 2023 to $89.6 B by 2033.

Developing countries see more resin imports as China, U.S., Europe demand challenged

Brazil-based Braskem, Latin America´s biggest petrochemical organization, is seeing atypical scenarios in plastic resin markets that include very large flows of plastic resin exports from the world´s top producer countries into the less developed areas because much of the Northern Hemisphere demand remains challenged.

Vietnam's largest refinery begins shutting down for maintenance

Vietnam's largest oil refinery has shut down some of its units, beginning a 55-day total shutdown for major maintenance.

Shell taps Goldman Sachs to explore Singapore refinery and petchem plant sale

Shell is considering a sale of its Singapore refining and petrochemical plants as part of a broader strategic review and has hired investment bank Goldman Sachs to explore a potential deal, said several sources close to the matter.

Hengli Oilchem to begin voluntary liquidation

Privately controlled Chinese refining and petrochemical manufacturer Hengli Group said that Sinochem Group and itself were winding up their Singapore-based JV, Hengli Oilchem, due to business and strategic considerations.

Shipowners, port operators ramp up methanol-fueling projects