INEOS takes a major step forward in Southern France

INEOS acquires TotalEnergies' petrochemical assets at Lavera

12-Jul-2023 - INEOS has signed a deal to acquire TotalEnergies’ 50% share of Naphtachimie (720 ktpa steam cracker), Appryl (300 ktpa polypropylene business), Gexaro (270 ktpa aromatics business) and 3TC (naphtha storage), which are all currently joint ventures between the two companies.A number of other ...

Siemens Energy partners with Linde Engineering to accelerate decarbonization efforts in the petrochemical sector

10-Nov-2020 - The downstream oil and gas industry is under intense pressure to improve efficiency, reduce greenhouse gas (GHG) emissions, comply with strict environmental regulations, and demonstrate that it can be part of a sustainable future. At the same time, plant operators face the ever-present challenge ...

ICIS Announces It Has Acquired Chemical Data

It is a perfect fit

15-Jul-2020 - ICIS, part of RELX, today announced it has acquired Chemical Data, LLC (CDI), a leading provider of US petrochemical price benchmarks, market analysis, and predictive analytics, based in Houston. The combined capabilities create a global presence and trusted intelligence in key petrochemical ...

bp agrees to sell its petrochemicals business to INEOS

$5 billion deal for bp’s global aromatics, acetyls and related businesses

30-Jun-2020 - bp announced that it has agreed to sell its global petrochemicals businessto INEOS for a total consideration of $5 billion, subject to customaryadjustments. The agreed sale, the next strategic step in reinventing bp, willfurther strengthen bp’s balance sheet and delivers its target for ...

Saudi Aramco advances global chemicals strategy with S-Oil expansion project in Ulsan, South Korea

01-Jul-2019 - Saudi Aramco is advancing its global chemicals growth strategy with the inauguration of S-Oil’s new Residue Upgrading Complex and Olefin Downstream Complex. The new facilities feature the latest refinery technologies, which have raised S-Oil’s petrochemical portion from 8% to 13% and includes ...

Platform for startups through IQ-CHem contest

Petrochemical industry looks for ideas

22-Feb-2017 - World leading companies in the field of gas processing, petrochemicals and chemicals join efforts to promote the innovative development of the industry. Chemical engineering startups can apply until March 1, 2017 for the IQ-CHem contest supported by SIBUR, The Dow Chemical Company, DuPont, ...

Profitable End of Sanctions: Ceresana Analyzes the Petrochemical Industry of the Iran for the First Time

01-Apr-2016 - In January 2016, the United Nations and the European Union abolished numerous sanctions against the Iran: A country with more than 75 million consumers returns to the global market now; business relations are normalizing step by step. All industries can profit thereof, especially the ...

High-value Opportunities for Lignin

Recent technological breakthroughs in lignin extraction and conversion could change the course of the oil-based chemical industry

28-Nov-2012 - Addressing markets worth more than 130 billion dollars, lignin could become the main renewable aromatic resource for the chemical industry in the future. The first opportunity could emerge as early as 2015 from the direct substitution of phenol in most of its industrial applications: phenolic ...

Company success depends on access to feedstock, technologies and markets

Roland Berger study on global petrochemicals

14-Nov-2012 - Rising oil and gas prices, growing demand from Asia and other emerging economies and strong global competition are presenting petrochemical companies with new challenges. Long-term reliable access to feedstock, technologies and markets is becoming increasingly important. These factors are ...

Linde receives engineering contract for ethylene plant from SIBUR in Russia

27-Jun-2012 - Technology company The Linde Group has received an engineering contract for the licensing and front end engineering design (FEED) of one of the world's largest ethylene plants in Tobolsk, Western Siberia. The contract was awarded by Russia's largest petrochemical company, SIBUR LLC. "We are ...