China may tweak a proposed sharp increase in refined fuel export quotas for this year by extending the plan into next year, as it weighs the benefits to the economy of higher exports against low domestic stocks and operational challenges.
This project will empower PT KPI to increase refinery and polyolefin capacity by addressing the gap between strong demand growth of petrochemicals and the shortage in domestic production capacity.
As part of this collaboration, KTS has committed to invest up to €30 MM in Ioniqa. Ioniqa has developed an innovative process that utilizes low-grade post-consumer PET to infinitely produce a feedstock that displaces virgin raw materials used in the production of polyester products.
Nalco Water, Ecolab’s water and process management business, will design, build, operate, own and maintain a new water treatment plant at Shell Jurong Island, a chemicals manufacturing site. The plant is scheduled to commence operations in July 2023 and is expected to contribute to Shell’s water conservation ambition.
This is the first time that 10 chemical industry players and appliance companies got together to test a blockchain-based digital system as a complement to a sustainability certification process of complex value chains.
Repsol is selling a 25% stake in its oil and gas exploration division to U.S. fund EIG for $4.8 B, building up a warchest for renewables projects as the energy industry moves to a lower-carbon future.
Thorough risk assessment and evaluation of alternatives are keys to success as capital projects continue to experience delays and the potential for cost overruns.
ADNOC announced that its first shipment of low-carbon ammonia has left the United Arab Emirates bound for Hamburg, Germany. This is the first ever cargo of low-carbon ammonia to be shipped to Germany.
This final installment of the History of the HPI series details major events in the refining and petrochemicals industry over the past 20 yr, including stricter regulations/initiatives to curb carbon emissions, a safer and more environmentally friendly way to produce and handle chemicals, significant capital investments to boost production capacity and digital transformation.
INEOS Phenol announced that it has agreed to acquire the entire asset base of Mitsui Phenols Singapore Ltd from Mitsui Chemicals, a leading Japanese chemicals manufacturer, for a total consideration of $330 MM.