Versalis will manage the commercial aspects relating to the granting of license rights of the PROESA technology and will provide engineering, assistance and training services while Saipem will be responsible for all the stages of production plants development, from design to construction
Construction of the plant will commence during the third quarter of 2021, with project startup expected in 2023
The consortium consists of a broad cross-section of investors from North America, Asia and the Middle East
The transaction settled on June 17, 2021 with the Sukuk admitted to the official list of the United Kingdom Financial Conduct Authority for trading on the London Stock Exchange’s main market
CPChem has already started to receive Braven PyChem from Braven’s first commercial scale site in North Carolina, which started operations last year
The new solution complements INEOS Styrolution’s ambitious efforts to commercialise recycled polystyrene based on advanced recycling technologies
OIL has reported total income of Rs.23589.72 crores during the 12 months period ended March 31, 2021
TTF price rise is also due to surge in EU carbon price, which improved coal to gas switching economics
The product, commonly used as a viscosity modifying agent in several formulations, has the same properties and performance as the version made with PE of fossil origin
The pilot plant is the first project of the Hy2Chem scaling platform funded by the state of Saxony-Anhalt through EFRE funds
Through their collaboration, Neste and LyondellBasell are jointly contributing to the development of the European market for more sustainable polymers and chemicals solutions
Worley is providing engineering to implement the Axens North America renewable jet and diesel technology at the Riverbank site
Recycled ocean and ocean-bound plastics are those recovered from the ocean, waterways, and ocean-bound collection zones within 50 km of a coastline
The terms of the agreement provide that the fuel and the related Low Carbon Fuel Standard and Renewable Fuel Standard Credits will be sold at a fixed discount to the market price at the time of delivery
The production of ABrS is a significant milestone in the project, funded by the EU LIFE programme, the European Union’s funding instrument for the environment and resource efficiency
The combined solution of both technologies brings outstanding advantages for the gasoline and the petrochemical segments
Company has taken charge of the plant effective from 11th June 2021.
Completion will, among other things, be dependent on approval by the Danish authorities.
The Fluidized Catalytic Cracker Unit is being repaired on top priority and is expected to be restarted expeditiously
The petrochemical business has shown better performance with more than 100% capacity utilization.
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