Petrochemicals
BASF invests in increasing production capacity of Neopor® at Ludwigshafen site
BASF is strengthening its styrene value chain at its Ludwigshafen site by expanding the production capacity of Neopor® by 50,000 tpy. This increase is aimed at meeting the growing market demand for the grey insulation material. The start-up of the new production facilities is scheduled for early 2027.
Vopak Energy Park Antwerp starts market consultation for ammonia storage
Vopak is launching a market consultation for the storage of ammonia at its Vopak Energy Park Antwerp site in Belgium. The market consultation aims to gauge market interest and to gather detailed insight into customer demand. Vopak Energy Park Antwerp intends to finish the currently ongoing pre-FEED study by the end of 2024. Subject to market interest and a positive FID the start of operations is currently foreseen in 2029.
AMETEK releases its IECEx Zone 2 Certified 993X series of analyzers high ambient temperature environments
AMETEK Process Instruments’ 993X series of analyzers, encompassing the 993X and 9933, are now IECEx Zone 2 certified for use in locations with up to +60ºC ambient temperatures.
Neste, Braskem partner on supply of renewable and recycled feedstocks for polymers and chemicals production
Braskem will use more sustainable feedstocks from Neste to produce circular and bio-circular polymer resins and chemicals, which will be sold in South America under Braskem’s Wenew brand.
Axens, IFPEN and JEPLAN launch commercial licensing of the Rewind® PET process
The project partners launched the commercialization (licensing) of the Rewind® PET process, enabling the further acceleration of the energy transition and the circular economy of plastics. Axens teams will now be able to market a complete Rewind® PET license package to their customers all over the world.
eschbach launches Shiftconnector Smart Solutions for AI-driven knowledge harvesting
Global software developer eschbach, the provider of the Shiftconnector® enterprise manufacturing platform for the process industry, has launched its Shiftconnector® Smart Solutions.
India eyes $87 B investment in petrochemicals sector over next decade
India is expected to receive investments worth $87 B in the next decade to meet the nation's rising demand for petrochemicals, the country's oil minister Hardeep Singh Puri said.
LYB completes acquisition of solvent-based recycling company APK
LyondellBasell (LYB) has become the full owner of APK AG in Merseburg, Germany.
Driving ethylene decarbonization
Technip Energies is a world leader in the ethylene industry with 40%─50% of the licensing market share. With 65 years of experiences in the design, construction and modernization of the largest ethylene plants using proprietary technologies, our clients benefit from our unrivaled expertise.
Phillips 66 provides notice of its plan to cease operations at Los Angeles-area refinery
Phillips 66 announced plans to cease operations at its Los Angeles-area refinery in the fourth quarter of 2025 and will work with the state of California to supply fuel markets and meet ongoing consumer demand.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
