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02 June, 2023

Technip Energies, LyondellBasell and Chevron Phillips Chemical sign MOU for electric steam cracking furnace

MOSCOW (MRC) -- Technip Energies, LyondellBasell and Chevron Phillips Chemical announced the signing of a Memorandum of Understanding for the design, construction and operation of a demonstration unit...

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02 June, 2023

China's Sinopec begins construction of Luoyang ethylene project

MOSCOW (MRC) -- Chin's Sinopec has begun construction of an ethylene plant and a green advanced materials base in the city of Luoyang in central China's Henan province, the state-owned refiner said, a...

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02 June, 2023

Oil steadies as higher inventories balance U.S debt bill progress

MOSCOW (MRC) -- Oil steadied on Thursday as a potential pause in U.S. interest rate hikes and the passing of a crucial vote on the U.S. debt ceiling bill were offset by a report of rising inventories ...

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02 June, 2023

ExxonMobil signs carbon capture agreement with Nucor Corporation, reaching 5 MTA milestone

MOSCOW (MRC) -- ExxonMobil Low Carbon Solutions’ newest carbon capture and storage agreement – with Nucor Corporation, one of North America’s largest steel producers – demonstrates our continued momen...

#petrochemistry #news #PP #PE #petroleum products #Exxon Mobil #MRC #polymers #petroleum #Siraya neft +Add all tags to filter

02 June, 2023

Lukoil raises oil output at Iraq's West Qurna 2 to 480,000 bpd

MOSCOW (MRC) -- Russia's Lukoil has increased oil production at Iraq's southern West Qurna 2 oilfield by 80,000 barrels per day (bpd) to a total of 480,000 bpd, an oil official told Reuters on Thursda...

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02 June, 2023

Eni bets on agri-business in Africa to expand biofuel production

MOSCOW (MRC) -- Italy's Eni is investing in farming in several African and Asian countries as it aims to produce by itself around one fifth of the agricultural feedstock it will need for its biofuel b...

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02 June, 2023

OPEC+ unlikely to deepen oil supply cuts at June 4 meeting

MOSCOW (MRC) -- OPEC and its allies are unlikely to deepen supply cuts at their ministerial meeting on Sunday despite a fall in oil prices toward $70 per barrel, four sources from the alliance told Re...

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02 June, 2023

NNPC says it will end monopoly on petrol supplies

MOSCOW (MRC) -- Nigeria's state owned oil company NNPC will soon end its monopoly on petrol supplies, its chief executive told local television on Thursday, a day after it nearly tripled prices at its...

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02 June, 2023

Biodiesel import flood could drown European market

MOSCOW (MRC) -- A flood of potentially "dubious" biodiesel imports into Europe from China needs to be subject to closer EU vetting or it could trigger the collapse of the European Union's biofuels ind...

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02 June, 2023

Indorama Ventures and Carbios reaffirm partnership to build first-of-a-kind PET biorecycling plant in France

MOSCOW (MRC) -- Indorama Ventures Public Company Limited, a global sustainable chemical producer, and Carbios, a biotech company developing and industrializing biological solutions to reinvent the lif...

#petrochemistry #PET-granulate #APET-granulate #France #news #Indorama Polymers #MRC #recikling +Add all tags to filter

01 June, 2023

SMBC invests USD10m to advance circular plastics in North America

MOSCOW (MRC) -- Sumitomo Mitsui Banking Corporation has announced a USD10m investment to advance the recovery and recycling of rigid and flexible PE and PP, said Packaging-gateway.The Closed Loop Circ...

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01 June, 2023

Global and U.S. chemical production trended higher in April, ACC says

MOSCOW (MRC) -- Marking another month of incremental gains, global and U.S. chemical production rose in April. According to the American Chemistry Council (ACC; Washington, D.C.), the Global Chemical ...

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01 June, 2023

PureCycle clears hurdle for second PP recycling plant in Georgia

MOSCOW (MRC) -- PureCycle Technologies, Inc., today, announced that it has received approval from the Development Authority of Augusta, GA (AEDA) to proceed to closing on the project site in Augusta, ...

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01 June, 2023

Shell Chemical fined USD10 mln, restarting production

MOSCOW (MRC) -- Shell (London) has agreed to pay nearly USD 10 mn (EUR 9.3 mn) for breaking emissions rules at its Monaca polyethylene complex in the US state of Pennsylvania, according to the office ...

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01 June, 2023

PPG expands on 2030 sustainability goals

MOSCOW (MRC) -- PPG Industries today announced a variety of sustainability goals for 2030, with a focus on issues related to greenhouse gas (GHG) emissions and environmental stewardship, said the comp...

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01 June, 2023

Mexico's gasoline independence dream sinks in dirty fuel oil glut

MOSCOW (MRC) -- Mexico's president took office in late 2018 pledging to boost local output of gasoline while phasing out imports, but so far state refineries have instead set a different course: bumpe...

#petrochemistry #Mexico #news #petroleum products #crude oil #Pemex Petrochemicals #MRC #petroleum #Siraya neft +Add all tags to filter

01 June, 2023

Top shipper of Russian oil secures Indian cover as Western certifiers exit

MOSCOW (MRC) -- An Indian agency has stepped in to provide safety certification for most of Gatik Ship Management's fleet, a major carrier of Russian oil to India, after Lloyd's Register and the Ameri...

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01 June, 2023

Oil edges up after steep losses ahead of U.S. debt ceiling vote

MOSCOW (MRC) -- Oil prices edged up on Wednesday after steep losses in the prior session, as market participants awaited an expected vote on a bipartisan deal to lift the USD31.4-T U.S. debt ceiling, ...

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01 June, 2023

Nexam progresses in efforts to boost rPET content in products

MOSCOW (MRC) -- Nexam Chemicals has achieved a new milestone in its efforts to increase the recycled polyethylene terephthalate (rPET) content in its products, said Packaging-gateway.The company speci...

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01 June, 2023

Lyondell Basell delays refining business exit to 2025

MOSCOW (MRC) -- Chemical maker Lyondell Basell Industries said on Wednesday that it plans to delay its refining business exit from year-end 2023 to no later than the end of the first quarter 2025, sai...

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