http://www.hydrocarbonprocessing.com Hydrocarbon Processing South Korean petrochemical firms' profits fall in 2024 as oversupply persists http://hydrocarbonprocessing.com/news/2025/02/south-korean-petrochemical-firms-profits-fall-in-2024-as-oversupply-persists/ South Korean petrochemical companies LG Chem and Lotte Chemical both suffered losses in 2024, dragged down by oversupply which is set to persist this year, while trade turmoil has dampened the global economic outlook Digital Exclusive: Executive viewpoint-Recycled plastic used in roads as Aramco adopts the circular economy http://hydrocarbonprocessing.com/news/2025/02/digital-exclusive-executive-viewpoint-recycled-plastic-used-in-roads-as-aramco-adopts-the-circular-economy/ This article details how Aramco is using recycled plastic waste in the construction of new highways and the program aims to reduce emissions and costs, while improving the quality of road infrastructure by utilizing circularity principles    Borouge achieved a 24% increase in net profit in 2024, reaching $1.24 B http://hydrocarbonprocessing.com/news/2025/02/borouge-achieved-a-24-increase-in-net-profit-in-2024-reaching-124-b/ Borouge achieved a 24% year-on-year increase in net profit to $1.24 billion, driven by record production and sales volumes.  IEA comes under pressure from former oil market chief to cut energy transition focus http://hydrocarbonprocessing.com/news/2025/01/iea-comes-under-pressure-from-former-oil-market-chief-to-cut-energy-transition-focus/ The International Energy Agency's former oil industry and market chief criticized the agency's focus on the global energy transition in a report released on Wednesday, and said the IEA should concentrate on oil and gas supplies. LyondellBasell secures wind power to aid circular/low-carbon solutions in Germany http://hydrocarbonprocessing.com/news/2025/01/lyondellbasell-secures-wind-power-to-aid-circularlow-carbon-solutions-in-germany/ Under the 15-year agreement with European energy firm Vattenfall, LyondellBasell will secure 450 gigawatt-hours annually of offshore wind energy to support its circular and low-carbon solutions in Germany, the company said. Petron to use Verdagy's electrolyzers to power its biorefinery for SAF, renewable diesel and e-methanol production http://hydrocarbonprocessing.com/news/2025/01/petron-to-use-verdagys-electrolyzers-to-power-its-biorefinery-for-saf-renewable-diesel-and-e-methanol-production/ Petron will use 320 MW of Verdagy's eDynamic® electrolyzers to produce over 45,000 tpy of green hydrogen for integration into its first biorefinery project for production of SAF, renewable diesel and e-Methanol.                    Evonik, Oerlikon Barmag partner to promote chemically recycled PET http://hydrocarbonprocessing.com/news/2025/01/evonik-oerlikon-barmag-partner-to-promote-chemically-recycled-pet/ Evonik and Oerlikon Barmag have announced their cooperation to promote chemical recycling of polyethylene terephthalate waste. Both companies are committed to develop technologies for robust and efficient depolymerisation and purification processes, coupled with an integrated concept for repolymerisation and the associated EPC business models. Decarbonization pathway for net-zero by 2050: Carbon neutrality roadmap strategy for an integrated refinery and petrochemical facility http://hydrocarbonprocessing.com/magazine/2025/january-2025/special-focus-sustainability-and-the-energy-transition/decarbonization-pathway-for-net-zero-by-2050-carbon-neutrality-roadmap-strategy-for-an-integrated-refinery-and-petrochemical-facility/ This article quantifies GHG emissions from various sources, such as fired heaters and boilers, within refinery and petrochemical operations. Based on these quantified emissions, a tailored carbon neutrality roadmap is developed, incorporating carbon reduction, mitigation and offsetting strategies. Nizhnekamskneftekhim receives first ton of ethylene at new EP-600 plant in Russia http://hydrocarbonprocessing.com/news/2025/01/nizhnekamskneftekhim-receives-first-ton-of-ethylene-at-new-ep-600-plant-in-russia/ PJSC Nizhnekamskneftekhim, part of SIBUR petrochemical holding, has received the first ton of the monomer as part of commissioning work at the new EP-600 ethylene plant, and plans to bring it to design capacity by the end of 2025. Shell, CNOOC take FID on 1.6-MMtpy petrochemical complex expansion in China http://hydrocarbonprocessing.com/news/2025/01/shell-cnooc-take-fid-on-16-mmtpy-petrochemical-complex-expansion-in-china/ CNOOC and Shell Petrochemicals Company Limited (CSPC), a joint venture between Shell Nanhai B.V. and CNOOC Petrochemicals Investment Ltd, has taken a final investment decision to expand its petrochemical complex in Daya Bay, Huizhou, south China.