Mc Dermott has secured a front-end engineering and design (Feed) contract for Qatar Petroleum's North Field South project. Work on the project is expected to commence immediately and will be executed from the company’s Doha office.

The UK’s largest manufacturing exporter i.e. the chemical industry has voiced relief over the recent agreement between the UK and the EU. The vital sector has proved to be strong in a Covid-19 scenario and is looking forward to this year.

Air Liquide has secured a contract by Asda, one of the leading retailers in the UK for the installation and operation of six biomethane distribution stations which will be useful for refuelling trucks.

The United States oil and gas rigs in operation have reduced by 59.49 %, according to data by Bankr, a portal for finance and investment. The portal’s research also provided an insight into the future outlook of the oil industry.

With the takeover, Lyondell Basell and Suez will increase its plastics recycling capacity at its joint venture firm Quality Circular Polymers to approximately 55,000 tonnes per year. The move also enables Lyondell Basell's ambition to produce 2 million tonnes per year of recycled and renewable source-based polymers by 2030.

Under a strategic partnership signed between Royal DSM and Neste, DSM will help Neste to create high-performance sustainable polymers in order to reduce the carbon footprints of its own products and also support the circular economy transition.

“What opportunities does the nanotechnology provide in general, provide nanoparticles for my products and processes?” So far, this question cannot be answered easily. Preparation and modification of nanoparticles and the further processing require special technical infrastructure and complex knowledge. For small and medium businesses the construction of this infrastructure “just on luck” is often not worth it. Even large companies shy away from the risks. As a result many good ideas just stay in the drawer.

The German Chemical Industry Association (VCI) has revealed that in the chemical-pharmaceutical industry production fell by 3 % year-on-year and turnover dropped by 6 % in the backdrop of the corona crisis.

Ineos Olefins and Polymers USA has acquired Sasol’s 50 % stake to become 100 % owner of the Gemini HDPE facility in Texas, USA. The move is expected to increase the Ineos Group’s global HDPE market share.

By 2025, Exxon Mobil intends to reduce the intensity of upstream greenhouse gas emissions by 15 – 20 %, methane intensity by 40 –50 % and flaring intensity across its global operations by 35 –45 %. The company’s new emission reduction plans are in line with the goals of the Paris Agreement.