Petrochemical | 20 June 2022
Ineos to build acetic acid plant and associated derivatives on US Gulf coast
FID is expected before the end of 2023
FID is expected before the end of 2023
2022 GHG reduction target reflects the company’s ambition to take the lead on decarbonization and its commitment to UN Sustainable Development Goal no 13 on Climate Action
The expanded partnership will combine SKGC’s petrochemical manufacturing experience with SUEZ’s resource management expertise and Loop’s breakthrough proprietary technology to supply 70,000 M/T of virgin quality, 100% recycled, polyethylene terephthalate (“PET”) plastic and polyester fiber to the European market
Companies are cooperating to enable the production of a major polyurethane raw material based on renewable raw materials via mass balance
Construction of nylon 6,6 polymer plant will begin later this year and is expected to be completed in 2024.
The Company also aims to reduce or mitigate net Scope 1 and Scope 2 GHG emissions across its wholly-owned operated assets, both in its Upstream and Downstream segments, by more than 50 million metric tons of CO2e annually by 2035
Payment terms will be reduced by at least 50% to conform with updated standards across the different regions
Over the next year, the experimental unit will be used to test a theoretical electrification model developed for retrofitting today’s gas-fired steam cracker furnaces
Partnership combines exclusive technology development and Co-Licensing for the conversion of agricultural waste and residues in second generation bioethanol
This agreement closes the loop towards a circular economy for polystyrene and will enable Ineos to produce polystyrene from recycled feedstock replacing styrene monomer produced from fossil feedstock
Until the termination of refinery operations, the company will continue to contribute to stabilising regional energy supply and ensuring that Seibu Oil operates safely
These are directed towards increasing on data acquisition, inducting new technologies, opening new basins and increasing outgo on drilling of a number of tough and challenging well
PPG acquired EDI in December 2020, along with the Ennis-Flint business
The company has also embarked upon alternate energies like green hydrogen, renewable, and biofuel projects, which are of operational importance and would likely provide a transition to the future
The Lupotech T process technology will be used for a 200,000 metric tons per year (m.t./yr) vinyl acetate copolymer (EVA) line. The new line will be located in the Zaozhuang City, Shandong Province, P.R. of China.
Plant at Podari, Romania will produce 50,000 metric tons per year of biofuels for offtake by Shell
Manufactured at INEOS Phenol sites in Gladbeck Germany, Antwerp Belgium, INVIRIDIS is made using bio-attributed cumene, which enables the replacement of fossil fuel resources
Based on Borealis’ Bornewables polyethylene (PE) derived from second-generation natural resources, such as waste from pulp production or residues from food processing oils, the new PEX Pipe Blue products boast an unprecedented carbon footprint reduction of up to 90% when compared to conventional fossil-based PE-X pipes
Lockdowns in China and slower start to the EMEA DIY season has impacted company's performance
This unit processes most of the crude oil into its various components, thereby preparing it for further processing in the refinery
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