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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...

#petrochemistry #PET-granulate #APET-granulate #news #Heraeus Holding GMBH #MRC #recycling #PET bottles #PET preforms #PET films +Add all tags to filter

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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16 May, 2022

Haldor Topsoe joins pledge to increase EU electrolyser capacity

MOSCOW (MRC) -- Haldor Topsoe is working to increase electrolyser manufacturing to boost renewable hydrogen production in the EU, said the company. This is part of a joint declaration signed by the Eu...

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16 May, 2022

AGC will invest USD770m to expand Thai chemical production

MOSCOW (MRC) -- Japanese materials maker AGC will invest over 100 billion yen (USD770 million) to boost production of caustic soda and other chemicals in Thailand, said the company.The manufacturer lo...

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16 May, 2022

Ukraine to import 420,000 tonnes of fuel in May as Russia strikes depots

MOSCOW (MRC) -- Ukraine has signed contracts to import 300,000 tons of diesel and 120,000 tons of petrol to cover consumption in May as Russia targets Ukrainian fuel infrastructure, First Deputy Prime...

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13 May, 2022

Sumitomo to supply fluidized-bed gasifier to Protos Biofuels

MOSCOW (MRC) -- Sumitomo SHI FW (SFW) has been selected as the preferred gasifier supplier to Protos Biofuels Ltd (Protos), a project developed by Advanced Biofuel Solutions Ltd (ABSL) and Greenergy, ...

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13 May, 2022

Evonik to invest 8 billion euros by 2030 in high-margin businesses

MOSCOW (MRC) -- German chemicals company Evonik plans to invest 8 billion euros (USD8.45 billion) by 2030 to boost growth in its smart materials, specialty additives and nutrition & care units, said R...

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13 May, 2022

Europe refiners benefit from U.S. emergency oil stock releases

MOSCOW (MRC) -- At least three vessels carrying crude oil from U.S. emergency stockpiles sailed for Europe in April as refiners there scrambled to replace Russian crude supplies, said Reuters. Release...

#petrochemistry #Europe #North America #CIS #news #petroleum products #crude oil #MRC #petroleum #Siraya neft More 2 +Add all tags to filter

13 May, 2022

Bayer Q1 net profit grows 57.5%

MOSCOW (MRC) -- Bayer’s first-quarter net profit increased by 57.5% year on year, thanks to strong gains from its agriculture business, said the company. March-quarter sales growth was 14.3% year on y...

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13 May, 2022

European gas supply crisis grows after Russia imposes sanctions

MOSCOW (MRC) -- Pressure on Europe to secure alternative gas supplies increased on Thursday as Moscow imposed sanctions on European subsidiaries of state-owned Gazprom a day after Ukraine stopped a ma...

#petrochemistry #Europe #CIS #news #MRC #Gazprom neft #petrochemistry #gas processing #neftegaz +Add all tags to filter

13 May, 2022

Braskem taps Terra Circular to form plastic recycling JV

MOSCOW (MRC) -- Braskem has agreed with Dutch recycler Terra Circular to enter a joint venture for mechanical recycling, said the company. Financial details were not disclosed. Terra Circular, through...

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13 May, 2022

TAZIZ and Reliance partner with UAE Shaheen on USD2 B chemicals project in Ruwais

MOSCOW (MRC) -- TA’ZIZ announced that Shaheen will join the proposed TA’ZIZ and Reliance Industries Limited TA'ZIZ EDC & PVC joint venture, that will construct and operate a world-scale Chlor-Alkali, ...

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13 May, 2022

Aramco and PTT deepen energy cooperation in Thailand

MOSCOW (MRC) -- Aramco is exploring further collaboration with Thailand’s national oil company PTT, as it expands its downstream presence in Asia, said Hydrocarbonprocessing.The two companies signed a...

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13 May, 2022

Shell agrees to sell Russian retail business to Lukoil

MOSCOW (MRC) -- Shell has agreed to sell over 400 retail fuel stations and a lubricants blending plant in Russia to Lukoil, said the company. Known as Shell Neft, the business operates fuel stations i...

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13 May, 2022

BASF and BMW rely on renewable raw materials for automotive coatings

MOSCOW (MRC) -- The BMW Group is the first carmaker to place its trust in more sustainable automotive OEM coatings certified according to BASF’s biomass balance approach, said Hydrocarbonprocessing.Th...

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