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Mexican oil and gas production doubles
Time of Update: 2022-01-23
Mexico's National Hydrocarbons Council (CNH) predicts that Mexico's oil production will grow in 2022, but natural gas production will remain underfunded, making Mexico continue to deepen its reliance on U.
Natural gas production in Mexico averaged 2.
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Korea, Australia sign carbon neutrality cooperation agreement
Time of Update: 2022-01-23
According to the agreement, in 2022, South Korea and Australia will cooperate in three aspects: hydrogen supply network, carbon capture and storage technology development, and low carbon steel research and development .
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Benzene: Tighter supply situation is more prominent
Time of Update: 2022-01-23
Lee said that the benzene/naphtha oil price differential is expected to remain at around $200/ton this year as the expansion of downstream benzene derivatives production capacity in 2022 exceeds the growth rate of benzene production capacity .
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Russia's oil refining industry upgrades to cope with rising demand
Time of Update: 2022-01-22
Platts recently released news, market participants said that in 2022, the Russian oil refining industry will focus on increasing production through transformation and upgrading, with the aim of mitigating the unusual seasonal price surge of petroleum products as domestic demand exceeds pre-pandemic levels.
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Demand outlook improves, major oil producers maintain plans to increase output
Time of Update: 2022-01-22
According to the OPEC statement, the participating oil-producing countries reconfirmed the production adjustment plan and monthly production adjustment mechanism approved at the 19th ministerial meeting, and decided to increase the monthly total production in February this year by an average of 400,000 barrels per day according to the original schedule .
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IHS Markit: Flavors and Fragrances Growth Driven by Emerging Market Demand
Time of Update: 2022-01-22
From 2021 to 2026, the market growth rate of flavors and fragrances in developed economies Japan, North America and Western Europe is relatively low, about 1.
5% per year, while the growth rate of demand in the Indian subcontinent, China and Southeast Asia is much higher .
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Shell chemicals unit profits weaken
Time of Update: 2022-01-21
The company said its chemical margins and joint venture earnings are expected to be significantly lower than in the third quarter of 2021 due to lower margins in base chemicals .
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INVISTA acquires FHR propylene business
Time of Update: 2022-01-21
INVISTA said FHR produces polymer-grade propylene at its propane dehydrogenation (PDH) plant in Houston and distributes it via pipeline to various derivative units .
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AGC Expands Pennsylvania Plant
Time of Update: 2022-01-21
(AGCCA) announced on January 10 that the company intends to expand its production site in Sandale, Pennsylvania .
AGCCA, a subsidiary of AGC (formerly Asahi Glass), manufactures and sells fluoroproducts, including fluoropolymer resins, fluorochemicals and fluoroelastomers .
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Shanxi promotes the development goal of methanol automobile industry "finalized"
Time of Update: 2022-01-19
Based on the principle of moderate advance construction, combined with Shanxi's coal chemical and coking industry development plans, make full use of the existing and proposed methanol storage and fuel allocation infrastructure in the province to build Taiyuan, Jinzhong, Changzhi, Datong, Jincheng, and Yuncheng It is a methanol fuel transmission and distribution system that radiates from the center to surrounding cities .
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Business is difficult to do in 2020, the mainstream price of polyacrylamide falls by nearly 10%
Time of Update: 2022-01-18
On May 6th, the national high-speed recovery of charges, the price of acrylonitrile and other raw materials increased, the ex-factory price of polyacrylamide did not change much, and the inventory was large; as the upstream propylene of acrylonitrile was in the "propylene-PP-meltblown cloth-mask" industrial chain In addition to the upward adjustment in the relationship, the production capacity of acrylonitrile manufacturers decreased this month, which more directly led to the firming of acrylonitrile prices .
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Russian LDPE and HDPE spot prices fell for the first time in December
Time of Update: 2022-01-09
According to news from the ICIS website on December 24, according to the MRC price report, the spot price of Russian low-density polyethylene (LDPE) dropped in December due to weak demand and oversupply .
As prices remain high, demand in the spot market has also declined, and this situation persists .
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PPG Brazil expands powder coating production
Time of Update: 2022-01-09
In recent years, PPG has gradually increased its global powder coating production capacity layout .
Marizeth Carvalho, General Manager of PPG Industrial Coatings Americas, said: “PPG is customer-oriented and continuously optimizes solutions .
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AICM member multinational companies talk about dual carbon: cooperative innovation helps China's chemical industry to reduce carbon emissions
Time of Update: 2022-01-09
AICM and its member multinational companies will continue to promote the concept of sustainable development in China's chemical industry, and actively introduce foreign advanced carbon reduction concepts, technologies and achievements to promote the realization of the dual-carbon goal of the entire industry .
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Middle East oil giants are vying for hydrogen supremacy
Time of Update: 2022-01-09
Both Saudi Arabia and the UAE have announced major investments in the production of blue hydrogen and green hydrogen in the next 10 years, hoping to defeat Europe and become the world's largest hydrogen fuel producer .
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Bridgestone's fine-grained troops, simplified administration and high-end force
Time of Update: 2022-01-09
In the medium-term plan, Bridgestone intends to reduce its approximately 160 production bases worldwide by 40%, thereby optimizing tire business and auto service business, abandoning non-profit and low-profit sectors, and enhancing corporate profitability .
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Indian Petroleum Corporation will build a green hydrogen plant in Assam
Time of Update: 2022-01-09
Sinochem News reported on December 28 that the Indian Petroleum Corporation is the second largest state-owned oil exploration company in India.
The company said in a statement that it will build a plant to produce green hydrogen in the Jorhat oil field in Assam .
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Mainland China promotes sustainable construction of natural rubber supply chain
Time of Update: 2022-01-09
It is reported that the Hevea Connect platform verifies the key aspects of a sustainable supply chain, and by improving transparency, it ensures that compliance platform participants can see a panel that displays standardized information about quality, traceability, and compliance with social and environmental standards.
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Borouge launches polymer expansion plan
Time of Update: 2022-01-09
In addition, Borouge said that the expansion project includes potential construction of carbon capture and storage (CCS) devices that can reduce carbon dioxide emissions by 80%, but the company did not provide further details .
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Airnov expands production base in Changshu
Time of Update: 2022-01-09
Sinochem News Network News on December 22, Airnov announced that its production plant in Changshu, Jiangsu has completed the expansion and upgrade, can produce a wider range of products, and its production capacity has also been increased .
