Petrochemicals

Vopak to build ethane tanks to support Thailand's petrochemical production

Vopak has reached a positive final investment decision it build 160,000-m3 tank infrastructure in Map Ta Phut, Rayong, to support the import of U.S. ethane into Thailand for petrochemical crackers

New Sherwin-Williams Advanced Energy Barrier eliminates threat of corrosion under insulation

Sherwin-Williams’ Heat-Flex® Advanced Energy Barrier (AEB) tackles corrosion under insulation (CUI), effectively eliminating the costly and dangerous phenomenon of steel assets corroding underneath insulation systems. The coating replaces the bulky mineral-based insulation that is traditionally used on storage tanks, process vessels and piping to retain process heat.

EIA: U.S. butane exports reached a new record in 2024

The United States is exporting record volumes of normal butane as global demand for liquefied petroleum gases (LPG) surges.

Nitricity announces $10 MM in fresh funding for first-of-a-kind organic fertilizer plant in Central California

Nitricity Inc., a California startup electrifying the production of nitrogen fertilizer, has announced $10 MM in project funding from a strategic mix of capital providers that includes Elemental Impact and Trellis Climate to build a first-of-a-kind (FOAK) organic fertilizer facility in Delhi, California.

Shell is considering selling off chemical assets in Europe and the U.S.

Shell is considering a potential sale of its chemicals assets in Europe and the United States, the Wall Street Journal reported, citing sources familiar with the matter. The energy group has hired Morgan Stanley to conduct a strategic review of its chemicals operations, the report said.

Honeywell to acquire Sundyne to expand critical equipment portfolio and aftermarket services

Honeywell has agreed to acquire Sundyne from private equity firm Warburg Pincus for $2.16 billion in an all-cash transaction. This represents approximately 14.5x 2024 EBITDA on a tax-adjusted basis.

Chinese CNOOC to launch $2.7-B upgraded refinery complex

State-controlled China National Offshore Oil Company (CNOOC) is set to launch a refinery and petrochemicals complex later this year, following a $2.74-B upgrade.

Sapphire Technologies, Honeywell UOP partner to revolutionize energy recovery in refineries

Sapphire Technologies, a leading developer and manufacturer of energy recovery systems for natural gas applications, announces a strategic partnership with Honeywell UOP LLC, a global leader in providing technology and services for the oil and gas industry, known for its innovative solutions in refining, petrochemical production and gas processing.

LyondellBasell approves propylene expansion project

LyondellBasell has announced an investment to expand propylene production capacity at its Channelview complex near Houston, Texas (U.S.). 

ADNOC and OMV to create $60+ billion global polyolefins champion