Ethylene
China's Shandong Yulong Petrochemicals to invest > $16 B to incorporate petrochemicals production at Yantai refinery
China's Shandong Yulong Petrochemical plans to invest $117.86 billion yuan ($16.42 billion) to produce chemicals at its refinery complex in Yantai, according to a government notice detailing the provisional plan.
PetroChina makes FID for new northeast refinery complex
The new complex comprises a 200,000-bpd crude oil refinery, a 1.4-metric MMtpy ethylene complex as well as a variety of downstream petrochemical units such as polyethylene, polypropylene and polyolefin elastomer.
Orlen's Unipetrol will start commissioning ethylene unit after power outage experienced earlier in July
The company expects full resumption of operations in the petrochemical part of the complex and simultaneous increase of production in the refinery section to standard levels by the beginning of next week.
Dow forecasts sales below estimates, slashes dividend as downturn takes a toll
Dow halved its dividend and forecast third-quarter revenue below analysts' expectations as the chemicals maker navigates a prolonged downturn in the industry, sending its shares down nearly 10% in premarket trading.
Europe's chemical industry seeks a lifeboat to stay in business
Europe's petrochemical industry is unravelling under a wave of plant closures after years of losses and a rapid expansion of global capacity led by China.
German chemical lobby VCI sees no sector recovery before 2026
Germany's chemical industry lobby VCI does not expect a sector upswing before 2026, even though the rapid downtrend the chemical-pharmaceutical industry has seen in recent years seems to be over.
Technip Energies' develops low-emission furnace design to reduce the carbon footprint of ethylene production
Technip Energies has developed the low-emission furnace (LEF) design, a groundbreaking technology aimed at reducing the carbon footprint of ethylene production.
Nayara to use Univation Technologies' PE process for world-scale plant in India
Univation Technologies, LLC announced that Nayara Energy Ltd. has selected Univation's UNIPOL™ PE Process Technology for a world-scale production line in Vadinar, Gujarat, India.
EU to set up Critical Chemical Alliance to secure supply chains
The European Commission will work with EU member states and the chemicals sector to support production of chemicals identified as critical for Europe's industrial supply chains, the EU executive said.
Lotte Chemical Titan secures $3-B ethylene supply deal in Indonesia
Malaysia's Lotte Chemical Titan said that its Indonesia-based subsidiary has agreed to a 10-year ethylene supply deal worth around $3 billion with its downstream petrochemical producer, Lotte Chemical Indonesia Nusantara.
- Evonik expands distribution partnership with IMCD for VISIOMER® Specialty Methacrylates in the U.S. 3/13
- RWE to invest €17 B in the U.S. to power data centers 3/13
- Petrobras' refineries operating at 97% of capacity 3/13
- ABB open to pursuing more than one multi-billion-dollar acquisition this year 3/13
- USW rejects bp's final offer to Whiting refinery (U.S.) workers 3/13
- Equinor has no spare oil and gas capacity, CEO says 3/13
