Under a MOU signed between Technip Energies and Svante, both the companies will work together to further develop Svante’s solid sorbent carbon capture technology and also explore opportunities for developing industrial scale carbon capture projects in Europe, Middle-East and Africa and Russian Federation markets where the technology would be used.

TechnipFMC has partnered with Petronas to commercialize an innovative natural gas processing membrane technology which is capable of reducing greenhouse has emissions. The technology is claimed to be 30 % more efficient than existing gas treatment processes and can be used in offshore as well as onshore hydrocarbon production environments.

BASF’S new project organization ‘Net Zero Accelerator’ aims to accelerate its cross-company activities in the fields of low-CO2 technologies, circular economy and renewable energies in order to reduce its CO2 emissions by 25 % by 2030 and become climate neutral by 2050. The new unit will be led by Dr. Lars Kissau who will report directly to the CEO and make sure that the emission reduction projects are implemented over the next few years.

Reliance Industries Ltd (RIL) and Saudi Aramco have mutually called off the 15-billion-dollar deal under which Saudi Aramco would acquire a 20% stake in the company’s oil-chemicals (O2C) business. The move has been undertaken in the background of RIL’s evolving nature of the business i.e. the company unveiled plans for its new energy & materials businesses under which the firm intends to develop the Dhirubhai Ambani Green Energy Giga Complex at Jamnagar, Gujarat, India, which is a major part of the its oil-to-chemicals (O2C) assets. Now, RIL and Saudi Aramco will re-evaluate the proposed investment in the O2C business.

Nouryon has plans to expand its Levasil colloidal silica manufacturing facility in Green Bay, Wisconsin, U.S.A in the background of rising demand from the construction and packaging end-markets in the country as well as across the globe.

Marking a significant progress in deep shale gas exploration at depths of more than 4,000 meters, Sinopec’s ultradeep prospecting well has been tested to produce 412,000 cubic meters of high-quality shale gas daily at a depth of 4,300 meters. The move is expected to increase Sinopec's shale gas production capacity in southeast Sichuan by more than 2 trillion cubic meters.

The chemical sector has a long-lasting and increasing demand for carbon that is embedded in its products. Today, 450 million tonnes of carbon are contained in chemicals and polymers, mostly sourced from fossil resources. The free report “Turning off the Tap for Fossil Carbon”, shows how the demand is met today and could be covered by renewable carbon in the year 2050.

Ineos Styrolution has decided to go ahead and invest in Europe’s first polystyrene advanced recycling pilot plant in Swindon, UK. Partnering with Recycling Technologies, the company is all set to establish the project by 2022 which will be based on Recycling Technologies’ fluidised bed reactor technology.

With governments and companies rooting for the circular economy, innovative technologies such as digital twins will further help to build the circular economy. Market researchers predict that the global economy will reach 10.5 % circularity by 2030 and that the digital twin technology will play a vital role in it.

Haldor Topsoe and Green Fuel have signed a MOU under which both the companies will jointly work together to identify efficient and scalable technologies for green ammonia production in Iceland. Green Fuel has also secured a Letter of Intent to operate at the Bakki Eco-Industrial Park in north-east Iceland.