The company is resuming its operations as per the guidelines of the Ministry of Home Affairs and state government.
The sharp decline in market volumes in April reflects the effects of the COVID-19 pandemic and mandated government lockdowns on the U.S. economy.
As per the company, its business has been impacted due to COVID-19 pandemic and measures taken by the government to control the same.
The new contract, which commenced on the 1 May 2020, builds on Altrad’s previous contract, which encompassed ExxonMobil and Altrad working in collaborative manner to deliver a value-enhancement programme over a five-year period.
BASF has announced the commercial launch of ZEAL, which is a new Fluid Catalytic Cracking (FCC) additive product designed to enhance the production of light olefins in FCC units that process resid or gasoil feedstocks.
It will have a production capacity of more than 100,000t/yr and will be inaugurated in 2021.
As part of the agreement, Total undertakes to purchase part of the output of PureCycle Technologies’ future facility in the United States and to assess the interest of developing a new plant together in Europe.
How the Aramco/SABIC joint venture (JV) is proceeding with the project planning also reflects that they are mindful of the cost-intensive nature of building a crude oil-to-chemicals (COTC) project.
The goal is to capitalize on an expanding market for electric vehicles.
The expansion is planned to serve the growing number of intermediate and performance chemicals customers in the key market of China, supplying products including SMPO, polyols, ethylene glycol, polyethylene and polypropylene.
The refinery has completed a major upgrading of its berthing facilities in time for the opening of the river-navigation season.
The product will be manufactured in India and supply will be worldwide.
The products will be marketed under the brand BreatheEasy – conveying the company’s commitment towards a safer and disease free environment, in various pack sizes as per market requirements.
The newly developed Borealis HL912FB is being used to produce meltblown fabric to be applied for customised inlays in cotton-based mouth-nose masks, for conventional mouth-nose masks, and also for high-end face masks worn by medical professionals.
The company announced that it was named project management consultant for Advanced Global Investment Company’s (AGIC) new propane dehydrogenation, polypropylene and utilities and offsites complex in Jubail Industrial City, Saudi Arabia.
The SwRI-designed system can be used for refinery processes, such as hydrotreating and hydrocracking, to produce a stable fuel ready for vehicle use.
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The company plans to scale up refinery operations to 80 per cent of design capacity by the end of the month.
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The company would continue to work with government agencies to ensure all possible support for bereaved families and victims, LG Polymers, a step-down firm of LG Chem, said in a statement.
The project is part of the Year of Investment and was previously agreed during a meeting last January between President Teodoro Obiang Nguema Mbasogo, Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons, Marathon Oil Chairman, President and CEO Lee Tillman and Executive Vice President Mitch Little.
The planned project would consist of an isopropanol unit with auxiliary systems and ancillary infrastructure and would be sited at the P?ock production plant.
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