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Cracking raw materials: stable supply is a problem
Time of Update: 2022-04-25
While the price of the substitute product, liquefied petroleum gas (LPG), remains high, Asian petrochemical producers have limited choices and still pin their hopes on a stable supply of cracked raw materials such as naphtha .
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Global methane emissions were much higher than the official announcement last year
Time of Update: 2022-04-25
The agency called on countries to further strengthen monitoring, strict data statistics and transparency of the regulatory process while implementing reduction measures .
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Production of a polypropylene plant in Japan's Purimand stopped
Time of Update: 2022-04-25
It is reported that the equipment has a production capacity of 110,000 tons/year and started operation in 1977 .
It is reported that in May 2021, Preman announced that it will build a new polypropylene production unit with a capacity of 200,000 tons per year in its production base in Shiyuan, which is scheduled to start operation in November 2024 .
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Showa Denko plans to change its name
Time of Update: 2022-04-25
Showa Denko stated that the business objectives of the newly formed group are: "Have top competitiveness as a chemical manufacturer, be able to make decisions and actions quickly and flexibly, and create better together with key players and consumers in various industries.
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IEA: Carbon emissions hit record high in 2021
Time of Update: 2022-04-25
In 2021 alone, the absolute increase in global carbon dioxide emissions exceeds 2 billion tons, the largest increase in history .
According to the IEA, coal will contribute more than 40% of the growth in global carbon dioxide emissions in 2021, reaching a record high of 15.
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Ashland expands HEC capacity in U.S.
Time of Update: 2022-04-25
Recently, Ashland announced plans to increase Natrosol's hydroxyethyl cellulose (HEC) production capacity at its Hopewell, Virginia, U.
Ashland is a leading global producer of HEC, providing essential additives and specialty ingredients for a wide range of industries including paints and coatings, construction, oil and gas, personal care and pharmaceuticals .
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bp and Eni to partner to create Angola's largest crude oil producer
Time of Update: 2022-04-25
Oil and gas giants BP (bp) and Eni Group (Eni) have signed an agreement to combine the two companies’ operations in Angola, according to the World Gas news on March 15.
The new company will be named Azule Energy and is expected to be the largest oil producer in Angola .
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AkzoNobel announces expansion of resin capacity
Time of Update: 2022-04-25
In addition, this investment plan aligns with AkzoNobel's "People, Planet, Paint" sustainability plan, providing an important contribution to helping the company achieve its sustainability goal of reducing carbon emissions across its value chain by 50% by 2030 support .
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Phillips 66 completes acquisition of PSXP
Time of Update: 2022-04-25
Phillips 66 has announced that the merger between Phillips 66 Partners (PSXP) and Phillips 66 has been completed .
The merger gave Phillips 66 all limited partnership interests in PSXP that did not belong to Phillips 66 and its affiliates .
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"Three Capabilities" Activates New Kinetic Energy of Future Industry
Time of Update: 2022-04-25
Third, enduring endurance - Schneider Electric helps enterprises to establish a low-emission and sustainable development model to ensure compliance, stability, continuous progress and sufficient "endurance" in the "long-distance running" of the constantly changing economic and social environment .
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Olefins project in the Gulf of Mexico may be "cool"
Time of Update: 2022-04-25
S. Petrochemical Investment Prospects Increased Uncertainty Based on the current economic situation, ethylene investment projects outside the US Gulf Coast may be "cool" .
2 million ton/year ethane cracking and propane dehydrogenation unit, and the second phase will build a 1.
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Maersk partners with 6 energy companies to launch green fuel
Time of Update: 2022-04-25
According to a report from Copenhagen on March 11, AP Moller Maersk A/S, one of the world's largest oil consumers, has partnered with six energy companies to launch the green methanol market.
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Japan's chemical exports up 19.8% in February
Time of Update: 2022-04-25
Sinochem News, March 16, according to the ICIS website: Japan's chemical exports in February rose 19.
4 billion yen, supporting an overall increase in overseas shipments, official data showed on Wednesday .
Japan's total exports in February rose 19.
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Plastic pollution prevention and control usher in a historic moment
Time of Update: 2022-04-25
" UNEP also said the agency would convene a forum at the end of 2022, open to all stakeholders, along with the first session of the Intergovernmental Negotiating Committee to share new findings and best practices around the world on the fight against plastic pollution.
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ExxonMobil to expand carbon capture and storage facility in Wyoming
Time of Update: 2022-04-25
According to ExxonMobil, the expansion will cost $400 million and increase carbon capture capacity to 1.
The current capture capacity is 6-7 million tons/year .
ExxonMobil said the company completed its front-end engineering design (FEED) in December 2021 .
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Shell to partner with Keyera to develop low-carbon projects in Alberta
Time of Update: 2022-04-25
Keyera said the two companies have signed a memorandum of understanding that will leverage existing assets and adjacent land to achieve low carbon targets and attract new investment opportunities for the region .
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Short-term slump in European carbon prices does not change long-term gains
Time of Update: 2022-04-25
Carbon market consulting firm Reputex pointed out that because of concerns that the situation in Europe will affect the economic recovery, a large-scale wave of carbon emission allowance selling has occurred in major carbon markets around the world, which has strengthened the short-term bearish expectations of the carbon market and led to a "decoupling" of carbon prices and energy prices.
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Sinopec Zhongyuan Petroleum Engineering Company established overseas support team
Time of Update: 2022-04-25
extends its engineering service support business to the overseas drilling market, and selects personnel in equipment repair and pipe service to set up overseas support teams, establish support points, and provide advanced services and timely services to meet the needs of the main drilling business.
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LyondellBasell and Nippon Paint China reach strategic cooperation to use recycled polymers to produce coatings and packaging
Time of Update: 2022-04-25
On March 24, LyondellBasell and Nippon Paint China announced a strategic cooperation to use recycled polymers to produce coatings and packaging .
LyondellBasell's CirculenRecover polypropylene polymer is made from the mechanical recycling of post-consumer plastic waste, helping to reduce plastic waste entering the environment, thereby driving a circular economy and increasing the sustainable value of consumer products .
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France adopts preferential policy for automobile fuel
Time of Update: 2022-04-25
On March 16, French Prime Minister Castel said that in response to rising oil prices, France has adopted a preferential policy of reducing the price of automobile fuel by 15 euro cents per liter.
