Petrochemicals

China oil demand to plateau between 2025 and 2030

Apparent consumption of oil is expected to reach 760 MMt in 2025, up 0.9% on the year, he added, but demand is set to stabilize next year and stay above 700 MMt until 2030.

RCI, nova-Institut unveil new carbon label for products, intermediates and raw materials

Petronet LNG secures loan for 750,000-tpy PDH/PP project in India

Methanol Reformer to supply Mitsubishi Gas Chemical with L18 methanol reformer technology

Borouge and Borealis launch Recleo™, a global brand for cost-effective mechanically recycled solutions

ProSep to supply annular injection mixers technology to Saudi Arabian plant

BASF introduces low-VOC polyurethane catalyst Lupragen® N 208

China refiner moves forward with expansion despite sanctions

A Chinese refinery operator whose main business was disrupted when it was sanctioned by Washington in May for buying Iranian oil is pressing ahead with a $3.6-B petrochemicals expansion project.

ITT introduced a secondary containment system for its ICM metallic magnetic drive process pump

ExxonMobil to permanently shut one steam cracker in Singapore from March

The imminent shutdown of the U.S. major's first cracker in the Asian oil trading hub comes as chemical producers grapple with losses from overcapacity led by China, the world's largest consumer of petrochemicals used to make products ranging from plastics and clothes to shoes and cars.