Scheduled to be completed in 2023, the petrochemical plant will aim to meet the company’s demand for ethylene in the country. In addition to this, it will also cater to the rising domestic demand which is expected to outpace the global order.

Lanxess announced plans to strengthen its global asset base for flame retardant additives with investments of around $ 226 million over the next three years.

The European Chemical Industry Council (Cefic) has forecasted that the growth of the EU chemical industry will stabilise in the coming year. The council is also predicting a 0.5 % growth in the next year as compared to 2018.

Novel outdoor equipment shelters from Intertec Instrumentation have been chosen to help a leading European chemical manufacturer to upgrade its distributed plant control system.

Chemical giant BASF announced plans to build a new butadiene extraction plant at its production site in Antwerp, Belgium. With a planned annual production capacity of 155,000 metric tons, the plant would be bigger than the company's existing butadiene extraction at Ludwigshafen, Germany.

Clariant and Eastman Chemical Company announced an exclusive cooperation agreement for the distribution of the latter's Tamisolve NxG solvent, a low-tox and effective solvent for the agrochemical industry.

Under the deal, Ingevity will take over Perstorp UK which comprises of the firm’s entire caprolactone business. With this sale, the Perstorp Group is now aiming to develop its Polyol, Oxo and Feed businesses.

Sasol announced the preliminary findings of the detailed review of the Lake Charles Chemical Project (LCCP). The review confirmed that t total capital costs for this project have increased by $ 2.1 billion.

The report reveals that in the engineering plastics market, acrylonitrile butadiene styrene accounts for about 40 % of the total demand. The market research company has also evaluated various types of plastics including ABS, PC, PA, PMMA, POM, PBT, SAN, and fluoropolymers in its study.

Recognised as Spark, the King Salman Energy Park is being developed with an aim to establish Saudi Arabia as an international energy hub. The park will look into diverse segments such as exploration, production, refining, petrochemicals, conventional power, water production and treatment.