Asia is forecast to be the major contributor to the growth of the global petrochemical industry by 2030, accounting for around 49% of the global planned and announced petrochemical capacity additions, according to GlobalData, a leading data and analytics company. The company’s report: ‘H1

INEOS has chosen the port of Antwerp, Belgium as the location for a mega-investment of €3 billion representing 400 new jobs. The capital outlay is the largest in the European chemical industry in the past two decades. Earlier this year INEOS announced that it

Global ethylene capacity is expected to experience considerable growth between 2017 and 2026, increasing from 180 million tpy in 2017 to more than 270 million tpy in 2026, led by China and the US, according to GlobalData, a data and analytics company. The company’s

World Energy has announced a US$350 million investment over the next two years to complete the conversion of its Paramount, California, US facility into one of the cleanest fuel refineries in the world. The project will enable World Energy Paramount to process 306 million gal./yr. The conversion to

National oil companies (NOCs) are diversifying beyond their upstream oil and gas core, with major NOCs forecast to spend over US$116 billion in new petrochemicals projects, according to GlobalData. The company’s analysis of NOCs’ portfolios shows that while many NOCs have historically diversified internationally, this

Kristina Sabirova, owner of oil and gas events organisation company BGS Group, discusses the importance of modernisation in Russian and CIS downstream. Modernisation is the key concept for the Russian downstream nowadays. Why is this a priority for the market? What are the ‘dos

Rosneft Deutschland GmbH has signed contracts with German companies for marketing of its petrochemical products, with production starting in 2019. A contract for marketing propylene produced by Rosneft Deutschland’s PCK, Bayernoil and MiRO refineries was signed with HELM AG. The company also signed a

The President and CEO of the American Petroleum Institute (API), Jack Gerard, has expressed his heightened concern with the lack of transparency leading up to the newly announced tariffs on China, as well as the impact on the US energy renaissance and consumers. “API

The Engineering Division of the Linde Group and Mitsubishi Chemical Corp. (MCC) have concluded a definite agreement for transfer of MCC’s hydrodealkylation (HDA) technology to Linde. The HDA technology mainly converts toluene and other aromatic components into high purity benzene. This can be leveraged

Reuters are reporting that Chevron Corp Chief Executive John Watson will step down by the end of next month and likely be replaced by Vice Chairman Mike Wirth. The unexpected shake-up at the company comes as pressure grows on the industry to further cut costs