Petrochemistry - News

05 June, 2023

Polymer Resources completes expansion of compounding facility

MOSCOW (MRC) -- Polymer Resources Ltd., a U.S. compounder of high-quality engineering resins, announced the completion of the expansion and enhancement of its compounding facility in Rochester, New Yo...

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05 June, 2023

Chemours, DuPont, Corteva settle PFAS claims for USD1.18 bn

MOSCOW (MRC) -- The Chemours Company, DuPont de Nemours, Inc. and Corteva, Inc. announced they have reached an agreement in principle to comprehensively resolve all PFAS-related drinking water claim...

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05 June, 2023

Chemours, BWT FUMATECH get approval for fuel-cell membrane JV

MOSCOW (MRC) -- Chemours and BWT FUMATECH Mobility received approval from regulators with the European Commission and China to create a joint venture that will focus on making membranes used in hydrog...

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05 June, 2023

South Korea exports fall for 8th month but pace eases for chip, China shipments

MOSCOW (MRC) -- South Korea's exports fell for an eighth straight month in May in annual terms, but the pace was slower than expected with signs that the worst had passed for chip and China-bound ship...

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05 June, 2023

Nigeria's main labor union to strike over tripling of fuel prices

MOSCOW (MRC) -- Nigeria's main labor union said on Friday it plans to go on strike from Wednesday to protest against a tripling of fuel prices in the country after new president Bola Tinubu scrapped a...

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05 June, 2023

China's factory activity swings to surprise growth in May

MOSCOW (MRC) -- Caixin’s China manufacturing purchasing managers’ index (PMI) picked up from 49.5 in April to 50.9 in May, marking the first expansion in three months, the Chinese media firm said on T...

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05 June, 2023

U.S. lawmakers say Brazil low-carbon fuel program blocks U.S. companies

MOSCOW (MRC) -- A group of U.S. congressmen have formally complained about what they call unfair ethanol trade practices by Brazil that includes a blockade of U.S. companies seeking to take part in th...

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05 June, 2023

Germany's conundrum: Energy transition goals increase chemical sector's challenges

MOSCOW (MRC) -- Europe's largest economy is also one of the region's most aggressive advocates for shifting energy systems away from fossil fuels, and leads the continent in emissions reduction target...

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05 June, 2023

Russia's seaborne diesel exports drop 21% in May

MOSCOW (MRC) -- Russia's seaborne diesel and gasoil exports were 21% lower in May from a month earlier at about 3.1 million tons as seasonal refinery maintenance cut supply and domestic demand rose, d...

#petrochemistry #Russia #news #petroleum products #diesel #crude oil #MRC #petroleum #tyazhelie distillyati #Siraya neft +Add all tags to filter

05 June, 2023

Oil gains 2% after U.S. debt deal and jobs data, focus turns to OPEC

MOSCOW (MRC) -- Oil prices rose about 2% on Friday after the U.S. Congress passed a debt ceiling deal that averted a government default in the world's biggest oil consumer and jobs data fed hopes for ...

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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...

#petrochemistry #news #PP #PE #petroleum products #Chevron Phillips #Chevron #LyondellBasell #MRC #polymers More 2 +Add all tags to filter

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...

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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