A project will be developed by Repsol and Acteco to increase the production capacity of recycled polyolefins at Acteco’s facility in Spain. The move is in line with Repsol’s objective of becoming a net zero emissions company by 2050.

The search engine and market intelligence platform chembid starts the year with a new strategic partner. Evonik Venture Capital has joined as a new shareholder. The investment is intended to support the development of an independent marketing platform for the chemical industry.

The European Chemical Industry Council (Cefic) supports the chemical recycling technology and believes that it is important for the technology to stay part of the EU’s innovation agenda in order to create a more dynamic market for recycled plastic.

With the growing demand for low viscosity polyalphaolefin (Lovis Pao) synthetic base stocks, Exxon Mobil has plans to increase its Lovis Pao production capacity in Europe as well as strengthen its supply chain network across the globe.

Avantium plans to commercialise its plants-to-plastics technologies and for this purpose the company has already begun operations of its plant-based Meg demonstration plant and intends to undertake an investment decision for the construction of a new FDCA flagship plant in the Netherlands by the end of the year.

Continuous production is steadily gaining momentum as a practical strategic option for pharmaceutical manufacture —  The market is actively looking for technical solutions and equipment manufacturer Glatt presented a new continuously operated process system at Achema which addressed the topic of Traceability and showed a solution which guarantees the operator a high level of pharmaceutical safety.

The hefty investment aims to develop Ruwais into a dynamic, global hub for downstream activity and further strengthen Adnoc’s role as a key driver for long-term industrial growth in Abu Dhabi and the UAE.

By the end of this year, Nouryon intends to increase its production capacity for monochloroacetic acid (MCA) in Delfzijl, the Netherlands. The company is also investing in technologies to enhance the production.

Under the terms of the agreement, the newly created joint venture firm AW Shipping will transport LPG cargoes and petroleum products, sourced from Adnoc and global suppliers, to Wanhua Group’s manufacturing bases in China and around the world.

Under the terms of the contract, Exxon Mobil will purchase 2.5 million barrels of renewable diesel per year from Global Clean Energy’s refinery in California, USA for five years beginning from 2022.