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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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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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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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16 May, 2022

Borealis, Reclay Group launched Recelerate GmbH

MOSCOW (MRC) -- Polyolefin manufacturer Borealis has teamed up with the environmental and material recovery experts of the Reclay Group, the company has announced, said Sustainableplastics.Together, t...

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