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18 May, 2022

Clariant ending governance deal with SABIC stirs takeover talk

MOSCOW (MRC) -- Clariant and its main shareholder Saudi Basic Industries Corp are to end a so-called "governance agreement" defining their relationship, stirring speculation SABIC could launch a full ...

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18 May, 2022

bp and Linde to develop large-scale CCS

MOSCOW (MRC) -- bp and Linde announced plans to advance a major carbon capture and storage (CCS) project in Texas that will enable low carbon hydrogen production at Linde’s existing facilities, said t...

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18 May, 2022

Petronas Chemicals to acquire Perstorp Group for EUR2,300 million

MOSCOW (MRC) -- Perstorp Group said that it is to be acquired by PETRONAS Chemicals Group Berhad (PCG). PCG announced that it has signed a Securities Purchase Agreement on 14 May 2022 to acquire the e...

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17 May, 2022

BASF Signs Renewable Energy Deal To Support Zhanjiang Verbund Site

MOSCOW (MRC) -- BASF and Brookfield have finalized a term sheet for a 25-year renewable electricity supply agreement to purchase solar and wind power for the BASF Zhanjiang Verbund site in China, said...

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17 May, 2022

BASF plans to increase the global production capacity for its antioxidant Irganox 1010 by 40%

MOSCOW (MRC) -- BASF plans to increase the global production capacity for its antioxidant Irganox 1010 by 40% with production expansion projects at its sites in Jurong, Singapore, and Kaisten, Switzer...

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17 May, 2022

Gazprom has booked no additional gas export capacity at Slovakia-Ukraine border for June

MOSCOW (MRC) -- Russia’s Gazprom has not booked additional gas transit capacity for exports to Europe via Velke Kapusany on the Slovakia-Ukraine border for June, auction results showed, although it al...

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17 May, 2022

Oil prices mixed amid China lockdowns, Russian sanctions

MOSCOW (MRC) -- Oil prices were mixed on Monday as investor fears of a global recession spurred by lockdowns in China and weak economic data vied with signs the European Union was stepping closer to a...

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17 May, 2022

Chevron says world largest carbon capture project has 'a ways to go' to meet goals

MOSCOW (MRC) -- Chevron Corp's Gorgon carbon capture and storage (CCS) project in Australia is working at only half its capacity nearly three years after starting up and the company has no timeframe f...

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17 May, 2022

Saudi Arabia crude oil exports fall in March

MOSCOW (MRC) -- Saudi Arabia's crude oil exports in March fell to 7.235 MMbpd, said Hydrocarbonprocessing.Crude oil exports in March fell about 1% from about 7.307 MMbpd reported for February. Meanwhi...

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17 May, 2022

Shenghong achieved on-spec products from new refinery

MOSCOW (MRC) -- Shenghong Refining and Chemical has achieved on-spec products from its new 16m tonne/year refinery at Lianyungang in Jiangsu province, indicating successful start-up of the facility, s...

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17 May, 2022

Encina aims to produce BTX, propylene from plastic waste in US

MOSCOW (MRC) -- US-based plastics recycling start-up Encina plans to produce benzene, toluene and mixed xylenes (BTX) as well as propylene from its planned new USD1.1bn project in Point Township, Penn...

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17 May, 2022

Industrial output up 4% in first four months in China

MOSCOW (MRC) -- China reported a drop in retail sales and industrial production in April — far worse than analysts had expected, said Reuters.Retail sales fell by 11.1% in April from a year ago, more ...

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17 May, 2022

Saudi Aramco net profit soars 82% in Q1 on high oil prices

MOSCOW (MRC) -- Saudi Aramco posted a record first-quarter net profit of riyal (SR) 148bn (USD39.5bn), up by about 82% year on year, thanks for strong crude oil prices and sales volumes, as well as im...

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16 May, 2022

Faurecia, Veolia explore recycled plastics in automotive interiors

MOSCOW (MRC) -- Automotive supplier Faurecia and global waste management company Veolia have signed a cooperation and research agreement to jointly develop compounds based on recycled materials for au...

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16 May, 2022

Heraeus acquires majority stake in PET recycler

MOSCOW (MRC) -- Technology group Heraeus Holding GMBH, a Germany-based family-owned portfolio company with roots going back to the seventeenth century, has announced that it has acquired a majority st...

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16 May, 2022

Dow launches plant-based elastomers for sustainable footwear

MOSCOW (MRC) -- Dow Inc. has announced the launch of a new high-performance polyolefin elastomer (POE) from plant-based feedstock, said Sustainableplastics.Engage Ren, is a “more sustainable brand ext...

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16 May, 2022

Russian fuel oil exports to UAE Fujairah set to spike in May

MOSCOW (MRC) -- Russian fuel oil arrivals in the UAE oil hub of Fujairah are set to jump sharply to about 2.5 MM barrels this month, data shows, in a sign that flows of Russian oil and refined product...

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16 May, 2022

PTTGC Q1 net profit falls 57% on weak chemical margins

MOSCOW (MRC) -- PTT Global Chemical’s first-quarter net profit declined by 57% year on year as chemical margins fell following spikes in feedstock costs, said the company. First-quarter revenues were ...

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16 May, 2022

Chevron and Exxonmobil to explore lower carbon opportunities in Indonesia

MOSCOW (MRC) -- Chevron and ExxonMobil have signed separate agreements with state energy company PT Pertamina to explore lower carbon business opportunities in Indonesia, said Hydrocarbonprocessing.Ch...

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