Petrochemicals
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.
Lotte Chemical Titan signs contract to buy naphtha from Aramco Trading Singapore
Malaysia's Lotte Chemical Titan has signed a three-year contract to buy naphtha from Aramco Trading Singapore starting in July 2025 and running to June 2028, the company said.
U.S. ethane exports to China hit new roadblock with license requirement
Chinese purchases of U.S. ethane, a key petrochemical feedstock, face fresh uncertainty after the U.S. Commerce Department told exporters to seek licenses to export to China
Hitachi Energy provides solution for Chinese green hydrogen-ammonia-methanol integrated project
Hitachi Energy has delivered rectifier transformers for electrolytic hydrogen to a hydrogen industry park built by China Energy Engineering Corporation (CEEC) in Songyuan, a city in northeast China.
BASF intends to take over shares in Alsachimie JV from DOMO Chemicals
BASF and DOMO Chemicals have signed an agreement giving BASF the right to take over DOMO Chemicals’ 49% share of the Alsachimie joint venture, in which BASF currently holds 51%.
ExxonMobil to sell French subsidiary Esso to Canadian energy group
ExxonMobil France Holding has entered into exclusive negotiations with North Atlantic France SAS for both the proposed sale of its 82.89% majority shareholder interest in Esso Société Anonyme Française SA as well as the proposed sale of ExxonMobil Chemical France SAS.
Saudi Arabia's refining boom helps it weather oil price war
Saudi Arabia has been cranking up oil refining operations to capture strong profit margins, helping the kingdom offset revenue lost from declining crude prices and exports.
Saudi Aramco considers asset sales to free up funds
Saudi state oil giant Aramco is exploring potential asset sales to free up funds, as it pursues an international expansion and weathers lower crude prices.
SIBUR-Sinopec's Amur GCC expects to produce first polyethylene in Q3 2026
The Amur Gas Chemical Complex (AGCC), which is 60% owned by Russian petrochemical group SIBUR and 40% by China's Sinopec, expects to produce its first polyethylene in the third quarter of 2026.
- New Emerson industrial AI platform delivers enterprise-scale AI 5/11
- Worley to deliver FEED for Dow’s Path2Zero cogen project in Canada 5/11
- L&T awarded EPC contract for BCGCL's coal-to-ammonium nitrate project in India 5/11
- Loop Chemicals licenses chemical looping ammonia technology from Sandia National Laboratories 5/11
- LanzaTech selects North Sea Port, Ghent as site for Europe’s first commercial alcohol-to-jet SAF facility 5/11
- ControlAir releases new signal operated back pressure regulators 5/11
