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Home/News/Petrochemicals

Petrochemicals News

Browse the latest petrochemicals news and articles.

US ethane demand grew 9% in 2022
3 Mar 20232 min read

US ethane demand grew 9% in 2022

In 2022, US ethane demand increased by approximately 9%, or almost 0.2 million bpd, to support the growing petrochemical industry.

SABIC announces strategic project to manufacture catalysts
2 Mar 20233 min read

SABIC announces strategic project to manufacture catalysts

SABIC has announced a strategic project to manufacture catalysts, with the aim of transforming Saudi Arabia into a manufacturing hub for specialised materials.

SC&T to provide technologies and catalysts for CSPC JV Phase III expansion
27 Feb 20232 min read

SC&T to provide technologies and catalysts for CSPC JV Phase III expansion

Shell Catalyst & Technologies (SC&T)'s technology has been chosen to enable CSPC JV Phase III – one of the largest petrochemicals joint ventures in China.

GlobalData: China to dominate upcoming petrochemical project starts
27 Feb 20231 min read

GlobalData: China to dominate upcoming petrochemical project starts

China is set to dominate the total upcoming petrochemical project starts in Asia, as the country is likely to start operations of 410 petrochemical projects from 2023 to 2027.

AVEVA releases new AI-powered software
22 Feb 20232 min read

AVEVA releases new AI-powered software

AVEVA has launched its AVEVA Predictive Analytics software – purpose-built for predictive monitoring of industrial assets in oil and gas, power, chemicals, mining and minerals, and manufacturing.

LyondellBasell and Nexus Circular sign long-term contract
17 Feb 20231 min read

LyondellBasell and Nexus Circular sign long-term contract

LyondellBasell and Nexus Circular have signed a definite long-term contract that will supply LyondellBasell with approximately 24 000 tpy of recycled feedstock.

Sulzer acquires stake in Fuenix Ecogy
17 Feb 20232 min read

Sulzer acquires stake in Fuenix Ecogy

Sulzer has signed an agreement with circular technology company, Fuenix Ecogy, to acquire a strategic stake in its plastic upcycling business.

GETI 2023: inflation hampering petrochemical hiring efforts
16 Feb 20233 min read

GETI 2023: inflation hampering petrochemical hiring efforts

The 2023 GETI report has found that the petrochemicals sector has been hit hardest by soaring supply chain costs, and suffered the worst resulting skills shortages of any energy sector.

Flowserve to acquire Velan
15 Feb 20233 min read

Flowserve to acquire Velan

Flowserve, a provider of flow control products and services for the global infrastructure markets, and Velan, a manufacturer of industrial valves, have entered into a definitive agreement under which Flowserve will acquire Velan.

INEOS secures financing for Project ONE
14 Feb 20232 min read

INEOS secures financing for Project ONE

INEOS Olefins Belgium has raised €3.5 billion to support the construction and operation of the most environmentally sustainable cracker in Europe.

Honeywell collaborates with Borealis on process simulation
14 Feb 20232 min read

Honeywell collaborates with Borealis on process simulation

Borealis will implement UniSim Live as early adopters to improve process modelling and plant reliability.

Neste’s solutions helped customers reduce GHG emissions by 11.1 million t in 2022
13 Feb 20232 min read

Neste’s solutions helped customers reduce GHG emissions by 11.1 million t in 2022

Neste enabled its customers to reduce global GHG emissions by 11.1 million t in total, by offering renewable and circular solutions to replace fossil products.

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