Petrochemicals

Chart Industries and Flowserve combined to form $19-B enterprise

Chart Industries, Inc. and Flowserve Corporation announced that they have entered into a definitive agreement to combine in an all-stock merger of equals, creating a differentiated leader in industrial process technologies. The combined company is expected to have an enterprise value of approximately $19 billion.

Lummus and InnoVent Renewables sign MoU for tire pyrolysis technology

Lummus Technology and InnoVent Renewables announced the signing of a Memorandum of Understanding (MoU) to work toward licensing and deploying InnoVent's continuous tire pyrolysis technology globally.

Marubeni signs a long-term offtake agreement for green ammonia produced in Inner Mongolia, China

Marubeni has signed a long-term offtake agreement with global green technology company Envision Energy Co., Ltd. for ammonia produced from renewable energy in Inner Mongolia, China.

Braskem to commercially implement Ardent’s Olefin Separation technology

Braskem and Ardent Process Technologies announced the successful completion of their joint development program for an innovative olefin-paraffin separation technology, marking a significant advancement in polyolefin production efficiency.

BASF, Yuntianhua successfully verify/register GHG emissions reductions from the use of stabilized urea fertilizer

Thermo Fisher Scientific launches new raman analyzer for hazardous locations

Thermo Fisher Scientific has introduced the Thermo Scientific™ MarqMetrix™ All-In-One X Process Raman Analyzer, engineered specifically for safe, real-time, in-line chemical analysis in hazardous environments, particularly in the oil and gas, chemical, polymer, and pharmaceutical industries.

OCOchem commissions first pilot plant using multiple industrial-scale cells to directly convert CO₂ and water into organic molecules

In a landmark achievement for carbon utilization and sustainable chemical production, OCOchem has announced the successful startup and commissioning of the world’s first pilot plant to produce hydrogen formate and potassium formate at industrial scale using only carbon dioxide (CO2) and water as feedstocks.

Lummus Technology completes acquisition of NAPCON from Neste, expanding digital and AI capabilities

Lummus Technology announced the successful closing of its acquisition of the NAPCON portfolio, the digital technology business of Neste. Initially announced in April 2025, the transaction includes the transfer of Neste's NAPCON intellectual property, select assets and key personnel.

Trump administration (U.S.) axes $3.7-B in green energy projects

The U.S. has axed awards to 24 green energy projects issued during U.S. President Joe Biden's administration that totaled more than $3.7 billion, the Energy Department said. These include projects from ExxonMobil, Heidelberg Materials and Eastman Chemical

European chemical industry pessimistic for 2025, recovery not until 2026 says new report

After a sobering business year in 2024 ("lost year"), the leading European chemical companies are still not forecasting any significant recovery for 2025. A cautiously positive development is only expected in the second half of the year - provided that a global trade war or a lack of economic recovery do not thwart the forecast.