Apollo Funds has plans to invest ~1 billion dollars for purchasing a 25 % non-controlling stake in BP Tanap (Trans-Anatolian natural gas pipeline). The part is part of the Southern Gas Corridor pipeline system.

OMV has secured a grant from the EU Innovation Fund for the first time for its planned industrial Reoil plant. The facility is expected to process up to 200,000 metric tons of used plastics and will make use of OMV’s proprietary Reoil chemical recycling technology to convert the recycled material into sustainable base chemicals.

ABB has entered into a Leveraged Procurement Agreement with Dow and is now the automation partner for Dow’s Path2Zero project at Fort Saskatchewan in Alberta, Canada. Currently under construction, the project is expected to create the world’s first net-zero Scope 1 and 2 greenhouse gas emissions ethylene and derivatives complex.

Lyondell Basell has completed the acquisition of the solvent-based recycling firm APK. With this move, the company aims to produce new high-purity materials that can be used in applications like flexible packaging for personal care products.

Solvay has now achieved 100 % renewable energy at its Rheinberg site in Germany with the installation of a second biomass boiler at its soda ash and bicarbonate plant. With this move, the plant is expected to reduce its CO2 emissions by 65 % annually as compared to its 2021 levels.

With an aim to re-shore domestic production of critical lithium battery chemistries, Western Cam has recently launched a U.S. battery materials company. The initial sample production phase of lithium iron phosphate Cam is currently underway and the company has also secured its first Letter of Intent for offtake with a U.S.-based customer.

Akzonobel is utilizing industrial residue as a sustainable raw material for producing paints. The company makes use of nearly a third of the total residue generated during industrial effluent treatment at the Mauá plant in São Paulo to produce the paint.

Flow is one of the standard measurands in many different industries. As a result, many processes can be implemented depending on the applied measurement medium, the required accuracy, and the process conditions.

Dow has invested in Xycle, a Netherlands-based leader in chemical recycling technology. The move is in line with the company’s goal of accelerating a circular economy for plastics.

Saudi Arabia’s Ministry of Energy has awarded a feedstock allocation to Sipchem and Lyondell Basell for its joint feasibility study for a world-scale mixed feed cracker complex in Saudi Arabia.