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Petrochemicals

TOYO awarded licensing and equipment supply contract for the first ever urea fertilizer plant in Angola

Toyo Engineering Corp. will license its proprietary urea technology for Amufert S.A.'s 4,000-tpd urea plant to be built in the Soyo region of the Republic of Angola.

India to remain bright spot for petchem demand in 2025

India will be a bright spot for petrochemical demand in 2025 even as global consumption lags supply, industry executives said on the sidelines of India Energy Week conference.

Oil refiners adding renewable feedstock to produce cleaner fuels

Oil refiners are increasing their efforts to blend renewable feedstocks such as used cooking oil into their crude refining streams to meet global demand for cleaner fuels.

Chevron to lay off up to 20% of global workforce

Chevron will lay off 15% to 20% of its global workforce by the end of 2026, the U.S. oil company said, as it seeks to cut costs, simplify its business and complete a major acquisition.

Lummus announces first commercial award for SAP technology

Lummus Technology, a global leader in process technologies and value-driven energy solutions, announced an award from SHCCIG Yulin Chemical Co., Ltd., a subsidiary of the SHCCIG Group, for its superabsorbent polymer technology.

NH3 Clean Energy, Pilbara Ports sign a MoU on ammonia shipment for WAH2 Project (Australia)

NH3 Clean Energy Limited signed a Memorandum of Understanding with The Pilbara Ports Authority, exploring the options for the loading and export of 600,000 tpy of clean ammonia from the company’s WAH2 Project.

Yokogawa enhances IT/OT integration with new release of OpreX Collaborative Information Server

Yokogawa Electric Corporation announced the release of the latest version of OpreX™ Collaborative Information Server (CI Server), with enhancements that streamline application assembly and improve external connectivity.

Kraton receives third ISCC PLUS certification for renewable polymers

Kraton Corp. and Formosa Petrochemical Corp. have announced the ISCC PLUS certification of their HSBC joint venture plant in Mailiao, Taiwan.

BASF introduces first superabsorbent polymer with product carbon footprint of zero

BASF now offers HySorb® B 6610 ZeroPCF, the first polyacrylate-based superabsorbent polymer marketed with a product carbon footprint of zero for the hygiene industry. The zero PCF is achieved by utilizing renewable energy in addition to the established biomass balance approach in the production process at the Antwerp Verbund site.

South Korean petrochemical firms' profits fall in 2024 as oversupply persists

South Korean petrochemical companies LG Chem and Lotte Chemical both suffered losses in 2024, dragged down by oversupply which is set to persist this year, while trade turmoil has dampened the global economic outlook