-
EIA: U.S. crude oil production could hit another record high
Time of Update: 2022-02-18
5 million tons per year), an increase of 50% over 2020 .
The daily export volume is expected to reach 11.
5 billion cubic feet (about 84 million tons per year) in 2022 and 12.
-
Russian PVC production to rise 3% in 2021
Time of Update: 2022-02-18
According to the ICIS website on January 17, according to the MRC ScanPlast report, Russian polyvinyl chloride (PVC) production in 2021 will rise to slightly more than 1 million tons, a year-on-year increase of 3% .
Baskhir Soda produced a total of 268,200 tonnes of PVC in 2021, a year-on-year increase .
-
OPEC may need to reset African quotas
Time of Update: 2022-02-18
As another example, Libya's quota is 2 million barrels per day, but actual production is less than 1.
But with the current oil market in dire need of cooling, OPEC may need to reconsider the issue of quotas for African countries .
-
BASF to expand HMD and nylon 66 capacity
Time of Update: 2022-02-18
BASF announced on January 17 that it will expand the production capacity of hexamethylene diamine (HMD) and nylon 66 in Europe .
The new plant will increase BASF's HMD production capacity to 260,000 tons per year .
-
Arkema polyamide 11 powder coating certified
Time of Update: 2022-02-18
Arkema has announced that two of its new polyamide 11 powder coating grades have received UL Yellow Card certification for use in electric vehicle battery systems and other applications .
-
Replacement tire sales in Europe soar
Time of Update: 2022-02-18
On January 19, market data released by the European Tire and Rubber Manufacturers Association (ETRMA) showed that in the fourth quarter of 2021, the total sales volume of the European replacement tire market increased by 11.
3% year-on-year to 228,000 units; motorcycles / pedals Vehicle tire shipments increased by 7.
-
US funds research and development of climate-related solutions
Time of Update: 2022-02-18
The funding will fund early-stage research in clean energy technologies, advanced low-carbon manufacturing and quantum information science to advance climate-related solutions .
S. Department of Energy announced $35 million in funding for a variety of small businesses seeking science, clean energy and climate solutions .
-
Australia's Fortescue to supply green hydrogen to Germany's Covestro
Time of Update: 2022-02-18
Fortescue Future Industries (FFI) said on its website that once the agreement is formalized, the company will supply the equivalent of 100,000 tons of green hydrogen per year .
-
Reliance Industries to invest $76 billion in renewable energy in India
Time of Update: 2022-02-18
Reliance Industries, the Indian oil and telecommunications conglomerate led by Asia's richest man Mukesh Ambani, said on Thursday it plans to invest up to $76 billion in green energy projects in India over the next 15 years dollars .
-
Norwegian oil and gas revenue hits record high
Time of Update: 2022-02-18
Investments in the development of fields and new discoveries on the Norwegian continental shelf totaled around NOK 150 billion in 2021, a figure slightly lower than the previous year, the NPD said .
-
Ashland Increases Benecel Cellulose Ether Capacity
Time of Update: 2022-02-18
Ashland recently announced that it has increased the production capacity of Benecel cellulose ethers at its Belgian plant .
In addition, the expansion will add capacity for some other special grades for the high-end industrial market .
-
The outlook for the Asian benzene market is cautiously optimistic
Time of Update: 2022-02-18
Recently, market participants said that in the first half of the year, a large number of downstream derivative plants will be put into operation in Asia, and the market remains cautiously optimistic about the prospect of pure benzene demand in Asia in the first half of 2022 .
-
BASF expands production of hexamethylenediamine and polyamide 66
Time of Update: 2022-02-18
In addition, BASF will expand its polyamide 66 production in Germany from 2022 .
" HMD is a precursor for the production of high-quality polyamide 66 plastics and raw materials for coatings .
-
Global oil and gas investment to grow significantly in 2022
Time of Update: 2022-02-18
Rystad Energy expects upstream oil investment to rise to $307 billion this year from $287 billion in 2021, while midstream and downstream investment will fall 6.
Offshore wind investment is expected to rise to $70 billion by 2025 as demand for clean energy surges .
-
Microsoft invests $50 million in ethanol-jet fuel biorefinery
Time of Update: 2022-02-18
Microsoft will invest $50 million in a LanzaJet plant in Georgia that will produce jet fuel from ethanol next year, LanzaJet said .
-
The international petrochemical market is booming
Time of Update: 2022-02-18
Affected by factors such as geopolitical tensions threatening crude oil supply, international oil prices rose to a seven-year high on January 19, with Brent and U.
-
Win to create bio-based rhamnolipid factory
Time of Update: 2022-02-18
Recently, Evonik announced that it plans to spend hundreds of millions of euros to build a new factory to produce fully biodegradable bio-based rhamnolipids .
-
Covestro acquires remaining stake in Nippon Fine Coatings Co., Ltd.
Time of Update: 2022-02-18
As of January 14, 2022, Covestro has become the sole owner of Japan Fine Coatings Co.
(JFC), which was previously jointly managed as a joint venture with JSR Corporation (JSR) .
Covestro previously held 70% of the shares of the joint venture.
-
Microsoft invests in ethanol jet fuel
Time of Update: 2022-02-18
LanzaJet said site engineering for the fuel biorefinery is nearly complete, with plans to start producing 10 million gallons of sustainable aviation fuel (SAF) and renewable diesel per year from sustainable ethanol, including waste feedstocks, starting in 2023 .
-
Japan to develop domestic offshore natural gas fields
Time of Update: 2022-02-18
Sinochem News According to the "Nihon Keizai Shimbun" on the 19th, Japan International Petroleum Development Corporation and Japan Oil, Gas, Metals and Mineral Resources Agency (JOGMEC) announced that they will explore marine natural gas fields in domestic waters from March, the first time in about 30 years.
