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Victory Kuwait Well Team Sets New Construction Record
Time of Update: 2021-08-06
Over the years, the SP159 team has continuously improved its safety awareness and HSE management level, and there has never been a safety problem or underground accident .
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Active export of Asian chemicals to European and American markets
Time of Update: 2021-08-06
In the methyl methacrylate (MMA) market, prices in Europe and the United States are currently much higher than spot prices in Asia, which creates opportunities for Asian exports to Europe and the United States for arbitrage .
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U.S. oil and gas giants accelerate green transformation
Time of Update: 2021-08-06
Energy consulting company Essence Huamai said that major US oil companies do not want to focus on cutting oil and gas production, but want to reduce greenhouse gas emissions .
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Global LNG deliveries increase in June
Time of Update: 2021-08-06
Sinochem News, according to World Energy News on July 5: In June of this year, the global LNG receiving volume increased for the fourth consecutive month year-on-year, but it was down from May and was at the lowest level since October last year .
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EU carbon tariffs are expected to receive about 10 billion euros per year
Time of Update: 2021-08-06
According to the legal text, the carbon tariff revenue will be used to support the European Union's 750 billion euro recovery fund to help EU member states recover their economies after the new crown epidemic .
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Clariant and IGL of India create a renewable ethylene oxide derivative joint venture
Time of Update: 2021-08-06
Sinochem News Online on July 1, Swiss specialty chemicals company Clariant announced the creation of a renewable ethylene oxide (EO) derivative joint venture with India Glycol Co.
The joint venture will operate under the name IGL Clariant Specialty Chemicals Sdn Bhd .
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Total Energy and Veolia develop next-generation biofuels
Time of Update: 2021-08-06
Sinochem News reported on July 6 that the two companies plan to carry out a four-year research project at the La Mède biorefinery operated by Total Energy, with the goal of producing biofuels .
Total Energy will provide its expertise in cultivating and refining biomass to produce advanced biofuels and carbon dioxide capture and utilization technologies .
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Lyondell Basel acquires PolyPacific Polymers in Malaysia
Time of Update: 2021-08-06
Jim Guilfoyle, Executive Vice President of Advanced Polymer Solutions and Supply Chain at Leon de Basel, said: "Thank you to PolyPacific Pty employees for their business and reputation over the past four decades, and wish them continue to operate their Australian compounding business in Melbourne.
We welcome new employees to join the Lyondell Basel family .
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Petronas and CNOOC signs 10-year LNG supply agreement
Time of Update: 2021-08-06
The responsible company signed a 10-year liquefied natural gas supply agreement .
2 million tons of LNG, linked to the Brent and Alberta Energy Company (AECO) index .
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Global polyethylene production capacity will increase rapidly in the next 5 years
Time of Update: 2021-08-06
Sinochem News GlobalData recently stated that in the next five years, global polyethylene production capacity is expected to increase substantially, and it is expected to increase from 11.
Under the leadership of Asia and North America, global polyethylene production capacity will increase by 43% .
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Extending the Responsible Care Concept to a Wider Area-Cabot Asia-Pacific Executives Discuss Open Days and Sustainable Development Strategies
Time of Update: 2021-08-06
” Song Pengfei also provided a set of corporate carbon reduction data: As of the end of 2020, Cabot has achieved 77% of the greenhouse gas reduction target set in the 2025 Sustainable Development Goals; in terms of energy conservation, it has been completed Set 81% of the target, and pass including exporting steam, exporting electricity, and exporting energy to the community .
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Prices of chemical producers in the EU and the Eurozone continued to rise in May
Time of Update: 2021-08-06
The growth in May has eased from the first two months, but with the easing of COVID-19 lockdown measures, the momentum that began in the middle of last year is still continuing .
Chemical production prices in the Eurozone and the European Union rose 19.
The Eurozone and EU industrial producer prices rose by 1.
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India Petroleum will build its first styrene plant
Time of Update: 2021-08-06
Indian Petroleum said that the current annual consumption of styrene in India is about 900,000 tons, and demand is expected to continue to grow in the next 15 to 20 years .
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Mitsubishi Chemical conducts research on plastic chemical recycling
Time of Update: 2021-08-06
The two parties will jointly carry out a process research (HydroPRS) for the chemical recycling of plastic waste .
According to the license agreement, Mitsubishi Chemical plans to use the HydroPRS process technology to accelerate detailed research on the commercialization of chemical recycling of plastic waste .
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An explosion at a chemical plant in Thailand has killed 1 person and injured more than 20 others
Time of Update: 2021-08-06
Sinochem News News from a chemical plant in Samut Prakan, Thailand, an explosion occurred in the early morning of the 5th .
Local officials said that the accident has caused one rescuer to die and 29 people were injured .
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Asian crackers continue to reduce the use of LPG raw materials
Time of Update: 2021-08-06
As of the week of June 24, the cash profit margin for cracking using LPG raw materials was -89 USD/ton, while naphtha was -41 USD/ton .
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Adnoc and Japanese companies develop blue ammonia project
Time of Update: 2021-08-06
Adnoc said that the joint research agreement will provide Adnoc and its partners with a platform to study the possibility of producing blue ammonia in Abu Dhabi to supply Japanese utility companies .
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LG Chem acquires a stake in the acrylonitrile joint venture
Time of Update: 2021-08-06
Sinochem News recently, LG Chem and Taekwang Industrial have established a joint venture to produce acrylonitrile in South Korea, with a planned production capacity of 200,000 tons per year .
At present, Taekwang has an acrylonitrile production capacity of 290,000 tons/year in Ulsan, South Korea .
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European recycling PET has great market prospects
Time of Update: 2021-08-06
The latest statistics from S&P Global Platts show that on June 30, the premium of recycled PET (R-PET) transparent flakes in northwestern Europe relative to virgin PET hit a record high, and the prices of the two materials are still polarizing .
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The market value of coating resins is bullish
Time of Update: 2021-08-06
Industry insiders pointed out that powder coatings and coating technology are one of the driving factors for the development of the coating resin market .
In the Asia-Pacific, Middle East and Africa regions, infrastructure, large-scale engineering construction, and industrialized industries have promoted the large-scale application of coating resins.
