Industry: Energy Transition

My Turn – By Dr. Balaji B. Singh The Mood in Polyolefins Elastomer Organizations As a part of our work, we continue to keep our fingers on the pulse of the Global Polyolefins and Elastomers industry. The current mood in the industry, especially in the top Global organizations in North America, Europe, and Japan is […]

Polyolefin producers announce third-quarter earnings Dow Chemical Dow Chemical reported third-quarter earnings under which it stated that the sales for the three months ended September 30 set a new third-quarter record of $11.3 billion, 12% higher than the same period in 2004. Net income rose 30% to $801 million, while earnings per share were $0.82, […]

Basell and Braskem sign Spherilene® process development agreement Basell Polyolefine GmbH and Braskem S.A. announced the signing of a cooperation agreement for the development of polyethylene grades produced using Basell’s proprietary Spherilene gas-phase technology. Under the agreement, joint development of new and improved Spherilene polyethylene resins will be carried out in Brazil at Braskem facilities […]

Basell to acquire Repsol YPF’s position in Argentine PP joint venture Petroken Basell announced its plans to assume ownership of the 50% portion of Argentina’s Petroken Petroquimica Ensenada that is currently held by its partner in the joint venture, Repsol YPF. Petroken operates a 180 KT per year polypropylene plant, a 20 KT per year […]

Sinopec selects Basell’s Lupotech® technology for the LDPE plant in China Basell announced that China Petroleum & Chemical Corporation (Sinopec) has selected Basell’s Lupotech T technology for a new 250 KT per year LDPE plant to be built at Maoming in Guangdong province, PRC. UHDE GmbH of Dortmund, Germany will be the engineering contractor for […]

ExxonMobil & Fujian Petrochemical to construct chemical complex Fujian Petrochemical Company Limited (a company owned 50 percent by China Petroleum & Chemical Corporation (Sinopec) and 50 percent by Fujian Government) (FPCL), ExxonMobil China Petroleum and Petrochemical Company Limited (ExxonMobil), and Aramco Overseas Company B.V. (Saudi Aramco) reached an agreement to jointly fund the front end […]

BP to sell over 50% of petrochemicals business and prepares for IPO BP announced that it plans to consolidate the Olefins and Derivatives (O&D) division of its petrochemicals business into a stand-alone entity able to operate separately from the BP Group. The new O&D business will incorporate more than half of the $13 billion of […]