Under an engineering expertise agreement signed with Shandong Yulong Petrochemical Co., the ECI Group will provide the technology, design, training for the dual-stream plant, and also support its commissioning, start-up, and production. Repsol which is ECI Group’s technology partner will provide technical expertise for the plant which is expected to produce 200,000 tons of ethylene vinyl acetate annually.

Decarbonizing basic chemicals — 4.6 million dollars in funding from the Dutch government will allow Dow, Shell and two new partners to push forward on their previous plans to develop steam crackers heated by electricity, for CO2-free production of ethylene.

Air Liquide has acquired 100 % stake in H2V Normandy (now called Normand’Hy) and with this development the company aims to build a 200 MW PEM electrolyzer in Port-Jérôme, France for the production of renewable hydrogen which will be used for industrial and heavy mobility applications. The firm will connect the electrolyzer to its hydrogen pipeline network in Normandy, which will lead to the development of the world’s first low-carbon hydrogen network.

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.

Technip Energies and Siemens Energy announced an exclusive agreement to jointly develop, commercialize, and license the Rotating Olefins Cracker technology to decarbonize olefin production processes. The ROC technology employs a dynamic reactor system that replaces conventional furnaces used for pyrolysis when manufacturing light olefins — the building blocks for chemical products used in everyday materials, from packaging to polymers.

Carbon Recycling International (CRI) has collaborated with Jiangsu Sailboat Petrochemicals to establish the Jiangsu Sailboat green methanol plant in China. Based on CRI’s ETL technology, the new unit is expected to recycle 150,000 metric tons of CO2 and 20,000 metric tons of H2 per year in order to produce 100,000 tons of methanol annually.

Solvay has announced a proof of concept for PVDC packaging circularity while maintaining the quality of the polymer. With this, the company has the potential to transform the future recycling of PVDC food packaging and is therefore, requesting other firms in the plastics industry to collaborate in this initiative.

Elkem has plans to expand capacity at its Roussillon silicone upstream plant in France thus bringing the unit’s total capacity to 100,000 metric tons annually. The company will upgrade and debottleneck its plant to achieve this objective. The expansion is being carried out due to the growing demand for specialty silicones in EMEA and the Americas.

Mexico Pacific Ltd (MPL) has plans to use ConocoPhillips’ greenhouse gas emission reduction technologies to reduce emissions at its MPL LNG Project in Mexico. ConocoPhillips will be designing LNG trains for the project based on the OCP Pro technology and will also provide carbon-advantaged gas feedstock to help MPL develop a strategy for supplying carbon neutral LNG in the future.

Lonza has acquired Codiak BioSciences’ exosome manufacturing plant in Lexington, Massachusetts, USA and under the terms of the contract, Codiak will receive approximately 65 million dollars of in-kind manufacturing services for its clinical-stage programs and retain its pipeline of therapeutic candidates and exosome engineering and drug-loading technologies. Both the companies will also develop a Center of Excellence which will focus on exosome manufacturing and characterization technologies.