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The International Energy Agency says it is best to reduce methane emissions in response to global warming
Time of Update: 2021-11-13
Sinochem News International Energy Agency (IEA) recently released a report showing that reducing methane emissions from the fossil fuel industry is a very effective measure to deal with global warming .
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ExxonMobil supports global methane reduction commitments
Time of Update: 2021-11-13
Recently, Exxon Mobil Corporation of the United States expressed its support for a plan to reduce methane emissions by 30% from 2020 levels by 2030 .
ExxonMobil will also cooperate with other companies in the industry to promote methane emissions reductions .
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India Petroleum will build a maleic anhydride plant
Time of Update: 2021-11-13
According to recent news from Platts, India’s oil company’s board of directors has approved the construction of India’s first large-scale maleic anhydride plant in its Panipat Refinery and Petroleum Complex (PRPC) to produce high added value.
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Global LNG demand will continue to grow
Time of Update: 2021-11-13
Recently, with the surge in fuel demand, LNG producers around the world are investing billions of dollars to increase production capacity .
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Eastman sells its adhesive resin business to Xitema for US$1 billion
Time of Update: 2021-11-13
The total transaction price is equivalent to 11 times the adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of the adhesive resin business in the past 12 months .
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Saudi Aramco plans to develop green hydrogen and ammonia projects
Time of Update: 2021-11-13
The Saudi Arabia-based company has signed a memorandum of understanding (MoU) with the modern industrial investment holding group and the green hydrogen expert InterContinental Energy .
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Profits of agrochemical suppliers generally increase
Time of Update: 2021-11-13
BASF's sales of agricultural solutions in the second quarter increased by 15%, and prices rose by 3%, but EBIT for special items still fell by 28% to 75 million euros due to exchange rate effects and higher fixed costs .
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Indian Petroleum Corporation will build India's first large-scale maleic anhydride plant
Time of Update: 2021-11-13
Sinochem News reported on November 2 that the Indian Petroleum Commission approved the establishment of India’s first large-scale maleic anhydride plant at its Panipat Refinery and Petroleum Complex (PRPC) to produce value-added chemical products .
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Ineos adds environmental protection investment
Time of Update: 2021-11-13
The company stated that the investment will enable the Ineos Grangemouth plant to reduce greenhouse gas emissions by more than 60% by 2030 through a series of investments, partnerships and "innovative projects", while capturing and storing by 2030 At least 1 million tons of carbon dioxide per year .
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ACC: Supply chain constraints still exist
Time of Update: 2021-11-13
Dow Chairman and Chief Executive Officer Jim Fettering, the current chairman of the ACC board of directors, said that tight supply has provided the impetus for US chemical companies to increase prices and expand profits, but they will inhibit sales growth this year .
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Morgan Stanley: Global LNG demand will surge
Time of Update: 2021-11-13
Morgan Stanley stated that by 2030, at least 73 million tons of new projects will be needed each year to meet global LNG demand .
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US gas prices hit new highs, rising residential energy costs
Time of Update: 2021-11-13
In the context of rising natural gas prices in the United States, it is estimated that the average cost of natural gas heating for American residents this winter will reach US$746, an increase of about 30% over the same period last year.
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European companies continue to cut synthetic ammonia production
Time of Update: 2021-11-13
According to the latest ammonia market report by Fertecon, an agricultural enterprise intelligence unit under IHS Markit, the ammonia price has stabilized at US$700/ton FOB as of the week of October 15 .
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U.S. supply chain is blocked
Time of Update: 2021-11-13
The overload of ports and shortage of truck drivers under the epidemic situation have made the problem of blocked supply chains in the United States even worse .
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PPG and Li'an Dong Chemical reached an agreement
Time of Update: 2021-11-13
In addition to reducing rolling resistance to improve vehicle fuel economy, and reducing VOCs emissions during tire mixing by more than 99%, PPG Agilon silica products can also increase traction to improve handling, especially in wet, Under snowy or icy conditions .
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DuPont acquires Rogers Corporation, a manufacturer of electronic materials, for US$5.2 billion
Time of Update: 2021-11-13
DuPont said that the enterprise value multiple of the transaction is approximately 19 times the estimated EBITDA in 2022, and the acquisition is expected to be completed in the second quarter of 2022 .
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bp said global oil demand has exceeded 100 million barrels per day
Time of Update: 2021-11-13
According to the news of World Petroleum on November 2, according to BP, as world leaders discuss the fight against climate change, global oil demand has rebounded above the critical level of 100 million barrels per day before the epidemic .
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ASK Chemicals completes the acquisition of SI Group's industrial resin business
Time of Update: 2021-11-13
High-performance additives company SI Group announced that it has completed the sale of most of its global industrial resin business to ASK Chemicals, a portfolio company under private equity firm Rhône Group, LLC .
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The Global Methane Commitment is officially launched
Time of Update: 2021-11-13
It is reported that this European and American-led initiative aims to reduce global methane emissions and keep the Paris Climate Agreement’s goal of limiting global warming to 1.
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SC Johnson's daily chemical project settled in Jinshan
Time of Update: 2021-11-13
Bay Industrial Park invests and settles in a new project of SC Johnson's manufacturing plant in China to build a world-class daily chemical production base .
98 billion yuan and the tax revenue is about 180 million yuan .
