MOL Group has signed a MOU with Libya’s National Oil Corporation. Under the terms of the MOU, both the parties will cooperate in hydrocarbons exploration, technological innovation as well as crude trading.

Tosoh Corporation has recently announced that it has developed a hydrocarbon‑based polymer electrolyte for polymer electrolyte membrane water electrolysis systems. The new electrolyte offers superior proton conductivity, higher gas barrier properties and lower hydrated state swelling as compared to conventional fluorinated polymer electrolyte materials.

Baker Hughes has entered into a multiyear agreement with Marathon Petroleum to become its preferred provider for hydrocarbon treatment products and services at refineries across the USA. Baker Hughes will provide its portfolio of downstream chemical technologies which will be deployed across 12 oil refineries and two renewable fuel facilities in the USA.

BASF has started up a steam cracker at its Verbund site in China which is claimed to be the first cracker in the world using 100 % renewable energy to drive its main compressors.

Clariant, Borealis and Sintef have successfully demonstrated Clariant's advanced pyrolysis oil upgrading technology for circular plastics. The move marks a major breakthrough in advancing circular economy solutions for the plastics industry.

Mitsubishi Heavy Industries has successfully conducted a demonstration of an integrated production process for synthesizing liquid fuels through an integrated process utilizing SOEC Co-Electrolysis and FT Synthesis.

Spray Engineering Devices has awarded a contract to Lanzatech for developing a next generation ethanol facility using sugarcane bagasse. Expected to process up to 300 tons per day of bagasse, the facility will be established in Uttar Pradesh, India, and is a key component of the "SED Smart Village" concept.

L&T Onshore has achieved the Feed-in of the world’s first LC-Max Residue Upgradation Facility at Hindustan Petroleum Corporation’s Visakh Refinery in Andhra Pradesh, India. The unit has a built-in capacity of 3.55 million metric tonnes per annum.

With an aim to diversify from oil & gas – the gold of the Middle East – toward sustainability, the region is undergoing a bold and transformational shift. The plastics circular economy is one such initiative steadily gaining momentum across the Gulf. It not only addresses pressing environmental concerns but also unlocks new economic opportunities while reinforcing national visions such as Saudi Arabia’s Vision 2030, the UAE’s Circular Economy Policy, and Türkiye’s National Circular Economy Strategy.

Researchers from the Leibniz Institute for Catalysis, Ruhr University Bochum and Evonik Oxeno have developed a novel catalyst system that enables the use of the climate gas carbon dioxide as a raw material for the chemical industry.