Petrochemicals
Dow forecasts sales below estimates, slashes dividend as downturn takes a toll
Dow halved its dividend and forecast third-quarter revenue below analysts' expectations as the chemicals maker navigates a prolonged downturn in the industry, sending its shares down nearly 10% in premarket trading.
Indian caustic soda major TGV SRAAC selects thyssenkrupp nucera for new expansion contract
Indian caustic soda major TGV SRAAC Ltd. (formerly Sree Rayalaseema Alkalies and Allied Chemicals Ltd.), has commissioned thyssenkrupp nucera to expand its chlor-alkali plants in Kurnool in the Indian state of Andhra Pradesh.
Solvay reduces scope 3 emissions in soda ash and bicarbonate production in France
Solvay has taken a new step to reduce scope 3 greenhouse gas emissions by incorporating biogenic CO₂ - provided by Air Products - into its soda ash and bicarbonate production plant in Dombasle, France.
Evonik uses green electricity for polybutadiene production in Marl, Germany
Since July 1, Evonik's Coating & Adhesive Resins Business Line has been using green electricity for polybutadiene production in Marl, Germany. The initiative is part of Evonik's sustainability strategy, which aims to achieve the Group's environmental goals by 2030, including reducing Scope 1 and Scope 2 emissions by 25% from 2021 to 2030.
Data and digital: TotalEnergies and Emerson sign a strategic collaboration to boost the value of industrial data
TotalEnergies and Emerson’s Aspen Technology business have announced a strategic collaboration to deploy advanced digital technologies for the continuous, real-time collection of data from TotalEnergies’ industrial sites.
Europe's chemical industry seeks a lifeboat to stay in business
Europe's petrochemical industry is unravelling under a wave of plant closures after years of losses and a rapid expansion of global capacity led by China.
German chemical lobby VCI sees no sector recovery before 2026
Germany's chemical industry lobby VCI does not expect a sector upswing before 2026, even though the rapid downtrend the chemical-pharmaceutical industry has seen in recent years seems to be over.
Closures, disposals reshaping the global petrochemical sector
A wave of closures and disposals is reshaping the global petrochemical sector as companies around the world rethink their exposure to markets as they adjust to capacity build-up in China and higher costs in Europe.
INEOS invests £30 MM to slash emissions at Hull site by 75%
The investment is part of INEOS’ wider strategy to decarbonize its operations across the UK and Europe. INEOS Acetyls is the only industrial scale manufacturer of acetic acid, acetic anhydride, and ethyl acetate in Europe.
What's in the EU's 18th sanctions package against Russia?
Here are the details of the European Union's 18th sanctions package against Russia over its war in Ukraine, approved on Friday and aimed at dealing further blows to Russia's oil and energy industry.
- Kumho Mitsui Chemicals to increase capacity of MDI production facilities 12/15
- ABS, Eneos, NYK Line and Seacor Holdings launch joint study to develop a methanol marine fuel supply network in the U.S. 12/15
- ENEOS accelerates AI-driven materials discovery of immersion cooling fluids and novel catalysts Using NVIDIA ALCHEMI 12/15
- SAMSUNG E&A wins FEED contract for nearly $5-B SAF plant in the U.S. 12/15
- KBR wins green ammonia project by IGNIS in Spain 12/15
- Phillips 66 announces $2.4-B capital budget for 2026 12/15
