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15 August, 2022

Europe heading into winter with low storage levels of diesel

MOSCOW (MRC) -- Europe is heading into winter with seasonally low levels of diesel in storage tanks, with major implications for the continent's industries and drivers in the run-up to EU sanctions on...

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15 August, 2022

Covestro declares force majeure in Germany

MOSCOW (MRC) -- Covestro declared force majeure on 10 August on several products due to a chlorine leak according to a company source, said the company.According to the letter, a partial resumption of...

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15 August, 2022

Citgo Petroleum posts record USD1.28 B profit

MOSCOW (MRC) -- U.S. oil refiner Citgo Petroleum reported second quarter earnings that surged to USD1.28 B, the highest quarterly profit in its history, on higher crude processing volumes and stronger...

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15 August, 2022

Stratasys buying Covestro additive manufacturing materials business

MOSCOW (MRC) -- Material supplier Covestro AG is selling its additive manufacturing materials business to additive manufacturing pioneer Stratasys Ltd. for approximately 43 million euros (USD43 millio...

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15 August, 2022

Saudi Aramco unveils record USD48.4 bn profit in Q2

MOSCOW (MRC) -- Saudi Aramco's second-quarter net profit surged to a record riyal (SR) 181.6bn (USD48bn), on the back of higher crude oil prices and sales volumes, said the company.The quarterly earni...

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15 August, 2022

PetroChina, Sinopec to delist from NYSE

MOSCOW (MRC) -- Five major Chinese companies including two of the country's largest oil producers will delist from the New York Stock Exchange, said Ndtv.Sinopec and PetroChina -- two of the world's b...

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15 August, 2022

Songwon doubles EBITDA and operating profit in Q2

MOSCOW (MRC) -- Songwon more than doubled its operating profit for the second quarter, benefiting from high demand, said the company. The company’s earnings before interest, taxation, depreciation and...

#petrochemistry #news #PVC #PP #PE #Gazprom neftekhim Salavat #Songwon Industrial #MRC #polymers #petroleum More 1 +Add all tags to filter

15 August, 2022

HIP Petrohemija declares FM on PE supplies from Pancevo

MOSCOW (MRC) -- HIP Petrohemija declares FM on PE supplies from Pancevo, said Nctww.According to a letter sent to its customers, Serbia’s HIP Petrohemija declared a force majeure on all of its product...

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15 August, 2022

Indonesian government warns of fuel price hike

MOSCOW (MRC) -- Indonesians must prepare for a potential hike in fuel prices as the government looks to control its ballooning energy subsidies amid high global oil prices, said Hydrocarbonprocessing....

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12 August, 2022

Brenntag beats estimates on strong earnings

MOSCOW (MRC) -- Brenntag, the global market leader in chemicals and ingredients distribution, continues its growth path and reports very strong results in the second quarter of 2022 in a macro-economi...

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12 August, 2022

Sika delays MBCC acquisition closure

MOSCOW (MRC) -- Sika AG’s 5.5 billion-franc (USD5.8 billion) purchase of MBCC Group faces an in-depth investigation by the UK’s merger watchdog over concerns the deal may weaken national competition i...

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12 August, 2022

Henkel invests in technology start-up Direct-C

MOSCOW (MRC) -- Henkel Adhesive Technologies strengthens its capabilities for predictive maintenance solutions by investing in Direct-C LTD (Direct-C), Edmonton, Canada, said the company.The company h...

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12 August, 2022

Sabic plans development of three polymer plants in Texas

MOSCOW (MRC) -- Sabic is looking at building a plant in Port Arthur, Texas, with process units for polypropylene (PP), high density polyethylene (HDPE) and polyethylene (PE) using SK Global Chemical’s...

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12 August, 2022

Sabic eyes 70% output boost by 2025 and operational base in Houston

MOSCOW (MRC) -- Saudi Basic Industries Corporation plans to boost its production capacity 70 per cent by 2025 as the Middle East’s dominant chemical maker works with new joint-venture partners and exp...

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12 August, 2022

Braskem swings to Q2 net loss

MOSCOW (MRC) -- Braskem swung to a second-quarter net loss of USD281m after earnings were weighed partly by lower sales volumes of main chemicals in Brazil and polypropylene (PP) in Europe, said the c...

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12 August, 2022

Petro Rabigh profits surge 93% to SR1.38 bln in Q2

MOSCOW (MRC) -- Petro Rabigh's net profit surged by 93.2% year on year in the second quarter on the back of higher refining margins, said Maal.The operational profit amounted to SR 1.5 billion in the ...

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12 August, 2022

Indonesia asks Pertamina to limit subsidized fuel sales

MOSCOW (MRC) -- Indonesia's government has asked state energy firm Pertamina to limit its sales of subsidized fuels so as not to increase pressure on energy subsidies, said Hydrocarbonprocessing.Indon...

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12 August, 2022

India produces ethanol from rice straw

MOSCOW (MRC) -- India opened its first factory to produce ethanol from rice straw or stubble on Wednesday as part of measures to reduce its reliance on oil imports and meet its net zero carbon goal, s...

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12 August, 2022

Shell lets contract for Rotterdam biofuels plant

MOSCOW (MRC) -- ABL Group has been awarded a contract to provide marine warranty survey services (MWS) for the marine transportation of components for a hydrogenated vegetable oil (HVO) plant, which w...

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