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Petrochemical
Petrochemical | 24 June 2020

Johnson Matthey announces successful commissioning of largest methanol plant in China

The JM designed methanol production plant takes syngas as a feed and combines advanced JM catalysts to produce stabilized methanol as a product, which is used to produce olefins in a downstream unit.

Petrochemical
Petrochemical | 23 June 2020

Hitachi Chemical changes to Showa Denko Materials

The name change represents Hitachi Chemical's determination of opening its new chapter as a consolidated subsidiary of SDK.

Petrochemical
Petrochemical | 23 June 2020

China and India to lead global polypropylene capacity additions

Polypropylene capacity in Asia is expected to increase from 47.25 million tpy in 2019 to 78.04 million tpy in 2024, at an average annual growth rate (AAGR) of 10%.

Petrochemical
Petrochemical | 23 June 2020

BP invests $5 million in geospatial analytics company Satelytics

Use of the technology has the potential to be part of bp’s aim to install methane measurement at all major oil and gas processing sites by 2023, publish the data and then drive a 50% reduction in methane intensity of its operations.

Petrochemical
Petrochemical | 22 June 2020

Indian Oil to use spheripol technology for its Panipat PP plant

The process technology will be used for a 450 KTA polypropylene plant to be built in Panipat, Haryana State, India.

Petrochemical
Petrochemical | 22 June 2020

Oil and gas industry needs to explore new technologies and strategic partnerships

Operators need to have forward-looking transparency into vendor financial health to mitigate supplier distress

Petrochemical
Petrochemical | 19 June 2020

DSM issues €1 billion bonds to finance Erber Group acquisition

The bonds come in two parts of €500 million each.

Petrochemical
Petrochemical | 19 June 2020

Reliance raises Rs. 168,818 Cr; Making company debt-free

Reliance Industries Limited has raised over Rs. 168,818 crore in 58 days ,making the company net debt free before original deadline of 31st March 2021.

Petrochemical
Petrochemical | 18 June 2020

Sasol to cut jobs, refocus on chemicals and energy business

Sasol has been reviewing its business as it grapples with high debt levels, falling oil and chemical prices and lower demand due to the COVID-19 pandemic.

Petrochemical
Petrochemical | 18 June 2020

Johnson Matthey wins methanol technology contract for petchem plant in Russia

The contract also includes the associated engineering, proprietary equipment and catalyst supply.

Petrochemical
Petrochemical | 18 June 2020

Ester Industries posts solid growth in quarterly as well as yearly net profits

The sales also rose by 1.03% to Rs 1038.70 crore in the year ended March 2020 as against Rs 1028.06 crore in the corresponding previous year.

Petrochemical
Petrochemical | 18 June 2020

Korea's Hanwha signs PTA supply deal with Lotte

Lotte Chemical has agreed to receive 450,000 tons of PTA products per year through Hanwha General Chemical from July of this year.

Petrochemical
Petrochemical | 17 June 2020

Sinopec starts up $6 bn Zhanjiang refinery and petchem complex

The new plant operates a 300,000 tonnage crude oil terminal and also berths that can dock vessels with capacity to carry 100,000 tonnes of refined products.

Petrochemical
Petrochemical | 17 June 2020

Axalta reports sharp decline in April and May sales

For April and May, total net sales declined in the aggregate by 48% excluding foreign exchange and divestiture impacts.

Petrochemical
Petrochemical | 17 June 2020

Saudi Aramco completes acquisition of 70% stake in Sabic for $69.1 billion

The acquisition will positions Aramco as one of the major global petrochemicals players.

Petrochemical
Petrochemical | 17 June 2020

Strata and Solvay complete joint manufacturing facility catering to aerospace industry

The 8,500 square meter SSAM facility is currently being equipped with the latest technology and machinery prior to the testing and qualifying of processes designed to supply carbon fiber prepreg materials for primary structure applications in Boeing’s 777X program.

Petrochemical
Petrochemical | 17 June 2020

Manali Petrochemicals reports drop in quarterly net profit as well as annual sales

In the year ended March 2020, the company's total income stood at INR 685.38 crore as compared to INR 708.91 crore during the corresponding year.

Petrochemical
Petrochemical | 17 June 2020

Muthukrishnan Ravi re-appointed as Managing Director of Manali Petrochemicals

In his present role, Ravi oversees the strategic direction of the company responsible for driving the long-term growth and profitability.

Petrochemical
Petrochemical | 16 June 2020

Sonatrach plans $12 billion investment in petchem, methanol and derivatives projects

The group continues to explore profitable investment opportunities at the international level, as part of its expansion policy inside and out, he stated.

Petrochemical
Petrochemical | 16 June 2020

ClearSign receives process burner order from ExxonMobil

This order is the final step in the process to showcase ClearSign Core’s NOX emissions technology.

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