Loan will be used to finance the construction of propane dehydrogenation (PDH) and polypropylene (PP) plants with a capacity to manufacture 843,000 propylene and 800,000 polypropylene annually in Jubail Industrial City II, Saudi Arabia
With the continuous improvement of global refining capacity and increase in the demand for chemical raw materials, the consumption of refining catalysts has been in a stable growth trend
Company has partnered with six energy companies to scale up green methanol production with the intent of sourcing at least 730,000 tons of fuel per year by the end of 2025
The project, which presents an opportunity for Aramco to supply up to 210,000 barrels per day of crude oil feedstock to the complex, is expected to be operational in 2024
The investment comes in response to the rising demand for high-performance lubricants in Asia Pacific and further strengthens BASF’s position as a reliable supplier that strongly supports customers’ growth in the region
With the construction of the plant, the MOL Group and Envien Group are aiming to respond to both consumer and regulatory demands: the aim is for Rossi Biofuel to comply with EU rules on renewable transportation fuels
The five-year (sunset) reviews were instituted on April 1, 2021
Final terms of the deal are confidential and Trico is continuing to provide service to OBR customers
The facility will act as a major hub within the company’s worldwide R&D network and help to further advance AkzoNobel’s innovation capabilities, especially in the area of decorative paints
The collaboration will secure the delivery of high-quality suitable feedstock for chemical recycling from ALBA Recycling to OMV to help close the loop for plastics
Companies to optimize operations at Fujian Refining and Petrochemicals Project
The letter states that, starting in 2025, WACKER plans to supply SFC Energy with up to 2,000 metric tons of methanol from the RHYME Bavaria project planned for its Burghausen site
The team will focus their effort on redesigning polyethylene (PE) packaging material to produce plastic packaging that can be recycled infinitely or safely degrade in the environment
The acquisition price amounts to approximately €70 million and the transaction is expected to close in second quarter of 2022
The expansion of the Cartagena refinery facilities to build the new advanced biofuels plant, which will be equipped with cutting-edge technology, will mean the generation of some 1,000 jobs in the different phases of the project and the involvement of 240 companies auxiliaries - of which 21% will be local, 25% regional, 42% national and 12% international
Company has invested INR 90 million to modernize machinery which has increased installed output to over 45,000 MT per year
Increased capacity at production site in Panoli will help to meet increasing market demand
Texplast produces PET pellets and flakes from used PET bottles and acquisition will help increase its annual processing volume in Germany to 75,000 tonnes of PET bottles
The addition of Primasil’s capabilities will complement MRP’s existing offerings, which include highly engineered elastomer and thermoplastic solutions for the medical device, water, food and beverage, infrastructure and other essential industries globally
This will support IOCL's expansion of its Panipat refinery where it is raising the capacity by 66% to 25 MMPTA.
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