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Huntsman increases polyurethane catalyst and specialty amine production capacity in Hungary plant
Time of Update: 2021-09-12
com News Huntsman announced on August 31 that it plans to further expand the production capacity of its Petfurdo plant in Hungary to meet the growing demand for polyurethane catalysts and specialty amines .
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Total and Petronas sign LNG storage agreement
Time of Update: 2021-09-12
It is reported that the Arun terminal has 4 storage tanks with a total capacity of 508,000 cubic meters .
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The Engineering Institute of Shanghai Offshore Oil Bureau won the bid for overseas projects
Time of Update: 2021-09-12
Recently, the Engineering Institute of the Shanghai Offshore Oil Bureau won the bid for the detailed design project of the TEG (Triethylene Glycol Dehydration) module structure of the upper part of the Indonesian floating production plant through an open bidding .
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Russian engine oil prices soar
Time of Update: 2021-09-12
ru, an online seller of Russian auto parts and finished lubricants, said that due to the shortage of base oil supply and the sharp rise in operating costs, the retail price of Russian engine oil has risen by about 40% .
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"Golden Nine" cut off supply caused chemical companies to increase prices
Time of Update: 2021-09-12
15 / Pound (about 2138 yuan / ton); the price of styrene acrylic dispersion increased by 0.
On this basis, starting from September 15th, or as permitted by the contract, BASF's dispersion and resin business will implement new price increases .
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There is a long way to go to replace hydrogen energy
Time of Update: 2021-09-12
For a long time, oil giants have claimed that hydrogen energy is an effective way to reduce carbon emissions .
The current challenge is how to use renewable electricity to produce green hydrogen and realize industrial production to reduce costs .
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Infineum acquires the British ISCA emulsifier business unit
Time of Update: 2021-09-12
Sinochem News recently, Infineum has signed a contract to acquire its emulsifier business unit with British ISCA .
Infineum will acquire ISCA’s ISCAMUL emulsifier brand and formulation expertise .
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ThyssenKrupp and Helios join hands
Time of Update: 2021-09-12
With the help of ThyssenKrupp's related technology, Helios plans to build a water electrolysis hydrogen production plant in the Khalifa Industrial Zone (Kizad) in Abu Dhabi, UAE, to support a sustainable ammonia plant .
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Czech Unipetrol invests in decarbonization business
Time of Update: 2021-09-12
In its traditional oil and gas refining business, Unipetrol predicts that by 2030, the sales volume of fossil fuel products will drop from 5 million tons/year to 4.
Unipetrol said it will continue to promote decarbonization projects, mainly by replacing coal-fired thermal power plants with steam, natural gas facilities and solar energy .
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There is still a shortage of petrochemical materials for construction in Germany
Time of Update: 2021-09-12
Recently, the German Iver Institute released a report stating that compared with July, the shortage of materials in the German construction industry in August led to a decrease in workload.
2% of construction companies still report material shortages .
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Daqing Drilling in Overseas Markets Makes Another Great Achievement
Time of Update: 2021-09-12
391 billion in overseas markets, showing that market development has been effective, optimizing production and improving timeliness, and lean management to promote growth.
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South Korean tire exports to North America decrease
Time of Update: 2021-09-12
In the first half of the year, Korean tire companies exported US$498 million in tires and inner tubes to North America, a year-on-year decrease of 9.
8%; exports of new car tires to North America were US$478 million, a year-on-year decrease of 10.
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Arkema acquires Ashland's high-performance adhesives business for US$1.65 billion
Time of Update: 2021-09-12
Ashland's high-performance adhesives business in 2021 is expected to have sales of approximately US$360 million and EBITDA (earnings before interest, taxes, depreciation and amortization) of approximately US$95 million .
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Hanhwa Enterprise develops battery materials business
Time of Update: 2021-09-12
To meet market demand, South Korean leading companies such as SK, POSCO, and LG Chem have recently increased their investment in battery materials .
The company plans to build another 110,000 tons/year of cathode active material production capacity in the United States, Europe and China by 2025 .
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Steady increase in global demand for vinyl chloride resin
Time of Update: 2021-09-12
Nobuharu Yanagisawa, executive director of the association, pointed out that in the past 10 years, with Asia as the center, global demand for vinyl chloride resin has increased by about 35%, and the growth rate in 2021 is expected to reach 7% to 8% .
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Cost and reliability are key conditions for the success of green hydrogen projects
Time of Update: 2021-09-12
Many governments in the Middle East, especially those in Saudi Arabia and the UAE, are currently exploring exploitable opportunities in this area, because green hydrogen helps reduce economic dependence on hydrocarbons, and contributes to economic development and energy supply Diversification .
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Many petrochemicals in Asia suffer from container shortage
Time of Update: 2021-09-12
Amy Yu, a senior analyst at Axioms, said: "As some Asian countries restart lockdown measures due to the epidemic, demand for PE in Asia may remain weak in the short term .
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Guangzhou Shipyard International delivers large-tonnage chemical tanker
Time of Update: 2021-09-12
, a subsidiary of China Shipbuilding Industry Corporation, and Guangzhou Shipyard International, built a 55,000-ton chemical/product oil tanker Maritime Verity for Singapore's Wanbang Pan-Asian Alliance Group at the delivery ceremony .
It is a modern Class II chemical tanker that integrates energy saving, environmental protection and high efficiency .
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LG Chem invests heavily in environmentally friendly polymers
Time of Update: 2021-09-12
The company will develop products with a "virtuous cycle of waste plastic resources", such as environmentally friendly post-consumer recycling (PCR) plastics and biodegradable plastic materials .
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Evonik issues green hybrid bonds for the first time
Time of Update: 2021-09-12
In addition to the new green hybrid bonds, Evonik also announced on August 24 that it tendered to acquire its outstanding 500 million euro hybrid bonds at an annual interest rate of 2.
