China investing US$10 bn in four mega refineriesOctober 13, 2020 // 2 CommentsChina is on a roll. Against the back of the Covid-19 pandemic, the country has raised the stakes with the investment of tens [...]
Oil demand to plateau in late 2030s, says OPECOctober 13, 2020 // 4 CommentsGlobal demand for oil will plateau in the late 2030s and by then will start to decline, according to the Organisation of the [...]
Hengli investing US$1.7 bn in PTA units in ChinaOctober 6, 2020 // 1 CommentChina’s Hengli Petrochemical is planning to add another two 2.5 million-tonne/year purified terephthalic acid (PTA) [...]
ExxonMobil to axe 11% of European workforce; 1,600 job lossesOctober 6, 2020 // 4 CommentsUS oil/gas giant ExxonMobil says it will cut 1,600 jobs in Europe, representing more than 11% of its workforce in the [...]
Sumitomo, Aramco extend US$2 bn loan to Petro RabighOctober 5, 2020 // 2 CommentsJapanese chemical firm Sumitomo Chemical and state-owned oil/gas giant Saudi Aramco will extend a US$2 billion loan to their [...]
LyondellBasell takes stake in Sasol US unit for US$2bnOctober 5, 2020 // 2 CommentsChemical company LyondellBasell Industries is to acquire a 50% stake in a US-based unit of South African petrochemicals firm [...]
OQ Chemicals expands isononanoic acid capacity by 30%October 2, 2020 // 2 CommentsOQ Chemicals (formerly Oxea) has successfully completed a recent expansion project at its Oberhausen, Germany site resulting [...]
US bans palm oil imports from FGV over labour issuesOctober 1, 2020 // 3 CommentsMalaysian palm oil company FGV Holdings has had its imports banned by the US, following an investigation by the US Customs [...]
Shell to axe 9,000 jobs in move to low-carbon energyOctober 1, 2020 // 3 CommentsAs it moves away from fossil fuels, oil giant Shell is to slash as many as 9,000 jobs by the end of 2022, potentially [...]
Thyssenkrupp to build second PLA plant in ChinaSeptember 28, 2020 // 2 CommentsGerman plant engineering firm Thyssenkrupp has won another order to build a bioplastics plant based on the patented PLAneo [...]