Petrochemicals
Syensqo and Ardent partner to accelerate point source carbon capture innovation
Syensqo and Ardent have formalized their strategic partnership, building upon more than two years of successful collaboration in advancing carbon capture and olefin-paraffin separation solutions. The partnership includes a licensing agreement and establishes Syensqo as a strategic supply chain partner to Ardent, marking a significant milestone in both companies' commitment to driving innovation in sustainable energy technologies.
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.
Emerson to acquire remaining outstanding shares of AspenTech
Emerson will acquire all outstanding shares of common stock of AspenTech not already owned by Emerson for $265/share pursuant to an all-cash tender offer. The transaction values the minority stake being acquired at $7.2 B, and values the total company at a fully diluted market capitalization of $17 B with an enterprise value of $16.8 B.
Repsol to use Enerkem's advanced gasification technology for its Ecoplanta facility in Spain
Located in El Morell, Spain, the Ecoplanta facility will use Enerkem's advanced gasification technology to convert non-recyclable municipal waste into 240,000 tpy of methanol.
Russia's Sibur suspends output at petrochemical plant east of Moscow after drone attack
Russian petrochemicals giant Sibur said on Wednesday it had temporarily suspended production at its plant in the Nizhny Novgorod region due to a Ukrainian drone attack.
LyondellBasell secures wind power to aid circular/low-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.
Schneider Electric, MaxGrip partner to improve asset performance for customers
Leveraging MaxGrip’s Asset Improvement Program, Schneider Electric will further support customers in their digital transformation journey by providing a comprehensive asset lifecycle management program.
Worley awarded FEED for First Ammonia's 300-tpd electric ammonia facility project in Texas (U.S.)
Worley has been awarded the final FEED contract by First Ammonia for its groundbreaking electric ammonia facility in Victoria on the Gulf Coast of Texas.
Haffner Energy, LanzaJet, LanzaTech to unlock alcohol-to-jet SAF production from biomass residues
Haffner Energy, a leading advanced solid biomass-to-clean fuels solutions provider; LanzaTech, a carbon management company providing a differentiated syngas-to-ethanol solution, and LanzaJet, the leading ethanol-to-jet technology company and fuels producer, are working together to explore joint biomass-to-sustainable aviation fuel (SAF) projects covering the entire production value chain.
Borouge secures $100 MM in new supply agreements
Borouge Plc., a leading petrochemicals company that provides innovative and differentiated polyolefins solutions, has announced new supply agreements and collaborations valued at > $100 MM (AED367 MM), reinforcing the company’s leading position in advancing sustainability and delivering cutting-edge materials.
- Vyterra Renewables receives funding to advance its Nova Scotia low-carbon fuel oil project 3/26
- BASF inaugurates €8.7-B Verbund site in Zhanjiang, China 3/26
- Partners sought from construction and engineering for program to decarbonize £1 T/yr global market for low-carbon jet fuel 3/26
- Phillips 66 and Kinder Morgan announce open season extension for Western Gateway refined products pipeline 3/25
- Econotherm awarded contract for heat pipe heat exchanger in a Thai refinery 3/25
- Tecnimont awarded $50-MM rehab study contract for Guaracara refinery upgrade project 3/25
