Petrochemicals
Consortium to purchase CB&I from McDermott
A consortium led by Mason Capital Management announced that it has entered into a definitive agreement to acquire the CB&I storage solutions business from McDermott International, Ltd.
BASF, Evonik agree on deliveries of biomass-based ammonia with reduced carbon footprint
BASF and Evonik have agreed on the first delivery of BASF’s ammonia BMBcert grade. Thereby, both chemical companies demonstrate their commitment to offer products with a reduced product carbon footprint. With its ammonia BMBcert, BASF delivers to Evonik a product whose PCF is at least 65% lower than the standard product.
Shell's Q3 refining margins drop sharply
Shell's refining profit margins dropped by nearly 30% in the third quarter from the previous three months as global demand sagged, while oil product trading earnings also weakened.
Trammo, Elengy sign MoU for low-carbon ammonia import terminal in France
The project involves the redevelopment of part of Elengy’s Fos Tonkin LNG terminal site into a low-carbon ammonia import terminal, including the construction of a 30,000-m3 ammonia storage tank. The new terminal will be capable of receiving 200,000 metric tpy of low-carbon ammonia.
GAIL, AM Green sign MoU for jointly developing renewable energy and green chemical projects
GAIL (India) Limited and AM Green B.V. signed a Memorandum of Understanding (MoU) to focus on the long-term supply of carbon dioxide for eMethanol production and the exploration of hybrid renewable energy project across India.
Neste strengthens chemical recycling logistics infrastructure in Europe with Tepsa Netherlands
Neste enhances its chemical recycling capabilities by collaborating with Tepsa Netherlands on the storage and handling of liquefied waste plastic in Rotterdam, the Netherlands.
Exxon's deal with unions at Port Jerome refinery to allow job-cutting plan to move ahead
Energy major ExxonMobil can move ahead with a plan to cut jobs at its Port Jerome refinery in northern France after obtaining a majority agreement this week with unions.
Repsol supports ECI Group in licensing first 150,000-tpy copolymer plant using ECI Group’s hybrid reactor technology
Repsol will collaborate with ECI Group in the licensing agreement with Shaanxi Yanchang China Coal Yulin Energy & Chemical Co. Ltd. (YECC), part of the Shaanxi Yanchang Petroleum Group, China’s fourth-largest oil producer, to deliver a copolymer plant project using ECI Group’s proprietary hybrid reactor technology.
BCCK and Carbon Clean sign agreement to deliver carbon capture solutions across U.S.
BCCK and Carbon Clean will collaborate to provide Carbon Clean’s semi-modular CaptureX technology to customers across the U.S.
Borouge partners with Inion Pipes Industry to support circular economy with recycled polyolefins
Borouge Plc., a leading petrochemical company known for its innovative and differentiated polyolefin solutions, today announced the signing of an AED20-MM ($5.45-MM) agreement with Union Pipes Industry (UPI), a leading UAE-based manufacturer, to supply UPI with 100% post-consumer recycled (PCR) polypropylene that will be used to produce customized pallets for Borouge’s logistics operations.
- UPM unlocks new bio-based markets as Leuna biorefinery produces its first commercial product 12/19
- Stamicarbon awarded technology licensing contract for new urea plant in Eastern China 12/19
- Ford takes $19.5-B writedown on EV business 12/19
- Babcock & Wilcox awarded $40-MM contract for advanced wet gas scrubbing technology at Canadian petroleum refinery 12/19
- Aarti Industries secures methanol and toluene feedstock supply through multiple long-term contracts 12/19
- bp picks first outsider CEO Meg O'Neill after abrupt Auchincloss exit 12/19
