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Petrochemicals

Chevron Lummus Global awarded new licensing contract for HPCL's integrated hydrocracker and catalytic dewaxing unit

Chevron Lummus Global LLC announced the award of a new licensing contract by Hindustan Petroleum Corporation Limited for the development of a grassroots integrated hydrocracker and catalytic dewaxing unit and a full catalyst reload of their existing lube oil upgrading program at the Mumbai Refinery in India.

Tecnimont awarded a FEED contract for a green ammonia plant in Norway

MAIRE announces that Tecnimont has been awarded a FEED contract by Fortescue, a global green technology, energy and metals company, for a green ammonia plant to be located in the Nordgulen fjord in Norway.

Covestro and Encina reach an agreement for a long-term supply of circular raw materials

Covestro and Encina, a U.S.-based producer of ISCC PLUS certified circular chemicals, reached a long-term supply agreement for chemically recycled, circular feedstock derived from post-consumer end-of-life plastic.

LYB enters into agreement to acquire 35% of Saudi Arabia-based NATPET; expands core PP business

LyondellBasell announced it entered into an agreement to acquire a 35% interest in Saudi Arabia–based National Petrochemical Industrial Company from Alujain Corporation for approximately $500 MM.

Bayegan Group unveils $1.9-B petrochemical plant project in Turkey

Turkish petrochemicals company Bayegan Group is set to enhance domestic polypropylene production with a planned $1.9-B plant in Hatay province.

Solvay expands operations across recycling facilities in Europe to enhance circularity in flue gas treatment

Solvay has announced capacity expansions at its Resolest and Solval units, specifically designed for recycling residues from the flue gas cleaning process using the market-leading SOLVAir solution.

Borouge launches new infrastructure and advanced packaging solutions

Borouge Plc launched five new grades to meet the growing demand in the infrastructure and advanced packaging industries in the Middle East, Africa and Asia.

Russia boosts fuel exports to Central Asia, Afghanistan and Mongolia in 2023

Central Asian countries, Afghanistan and Mongolia raised their imports of Russian fuel by around 28% in 2023 to almost 6 MMt, partially offseting a decline in Russian supplies to Europe.

Borouge signs $44-MM supply agreement with NAFFCO

Borouge Plc announced the signing of a $44-MM agreement with NAFFCO to supply NAFFCO’s local and regional infrastructure projects with Borouge’s innovative and sustainable polyethylene materials.

Rockets crash into Iran’s Chabahar petrochemical complex during military exercise

Iranian Revolutionary Guards launched rockets that malfunctioned and crashed into a petrochemical plant in Chabahar, southeast Iran during the Great Prophet 18 war games.