Shandong Yulong Petrochemical Co. has awarded a technology contract to Lummus Technology for the mega project. Under the terms of the contract, the technology company will provide Master Licensor services for two mega mixed feed crackers, two large polypropylene lines, and large ethylbenzene and styrene monomer units which are part of the huge project.

Evonik’s maiden plant is currently being commissioned and construction work on the new complex is progressing well. With an investment of 473 million dollars, the project is the company’s largest investment till date.

The Bayer Group had a very successful year in 2015. Sales reached the highest level in the company’s history, exceeding EUR 46 billion. In 2016, further growth in sales and earnings are expected.

The ethylene cracking furnaces will be supplied to the Baltic chemical plant and will be used for a gas chemical complex which is part of a mega ethane-rich gas processing complex on the Gulf of Finland.

Siemens Energy and Linde Engineering have entered into a strategic partnership under which both the companies will make use of their portfolios to produce and optimise technologies as well as equipment to improve the sustainability footprint of petrochemical units.

The uncertainties caused by the Covid-19 pandemic across the global has led the consortium including Adnoc, Adani, BASF and Borealis to review the timeline for setting up the mega complex in India.

Maire Tecnimont Group’s Nextchem and Indian Oil have recently entered into a MOU under which the oil major will utilise Nextchem technologies for the development of industrial projects in order to boost the circular economy in India.

Nova’s new market and technology report elaborates on chemical recycling by offering details on the latest trends and challenges of this technology. The report will prove useful for the chemical and plastic industry, brands, technology scouts, investors, and policy makers.

The American Chemistry Council (ACC) has reported that its Chemical Activity Barometer climbed 0.9 % in October on a three-month moving average basis. It also stated that the barometer was down 3.3 % in October on a year-over-year basis.

Chevron Phillips Chemical (CP Chem) has become the first company in the US to produce circular polyethylene from recycled mixed-waste plastics on a commercial scale. Utilising advanced recycling technology, the firm has plans to develop its new circular polyethylene range and market it upon certification.