The acquisition of APK is in line with Lyondell Basell’s goal of producing and marketing at least 2 million metric tons of recycled and renewable based polymers annually by 2030. APK’s unique solvent-based recycling technology is a perfect fit with the company’s existing mechanical and advanced recycling technologies.

Under a MOU signed between Cepsa and Sonatrach, both the parties will work together to carry out a feasibility study for the development of an integrated project for green hydrogen production and derivatives in Algeria.

Borealis has plans to invest 4.5-million-euros in the cracker furnaces of its olefins unit in Porvoo, Finland. With the help of the investment, three of the ten cracker furnaces in the unit will be modified to enable a total annual production of 120 kilotons of base chemicals based on renewable and recycled feedstocks.

Kemira’s climate targets have been validated by the Science Based Targets initiative. The company aims to reduce absolute scope 1 and 2 emissions 51.23 % by 2030 from a 2018 base year.

Honeywell and Repsol have plans to work together in order to create new production pathways for biofuels and circular materials. The companies also intend to scale and commercialize Honeywell's technologies for chemical production and renewable fuels at Repsol’s refineries.

Clariant and OMV have entered into a letter of intent to accelerate the transition towards renewable carbon in the European ethylene supply chain. With this move, Clariant aims to expand its bio-based ethylene oxide derivatives portfolio with renewable low-carbon footprint ethylene from OMV.

Under a new long-term contract between Air Liquide and LG Chem, Air Liquide has plans to invest around 150 million dollars at its Tennessee site in the U.S. with an aim to expand its production capacity and pipeline network. In line with the contract, Air Liquide will supply oxygen to LG Chem for its electric vehicle battery plant.

Yara and Atome have entered into Heads of Terms which covers the long-term supply of all of the renewable Calcium Ammonium Nitrate fertilizer from Atome’s production facility in Villeta, Paraguay. Yara will market and sell this renewable fertilizer as part of the Yarabela product line.

OQ Chemicals has secured the Ecovadis Gold rating for the sixth consecutive year. The award recognizes innovations such as the ISCC Plus-certified Oxbalance product line and the company-wide ‘reduce’ initiative aimed at achieving climate neutrality, as well as OQ Chemicals’ high safety standards.

Yara has inaugurated a new ammonia import terminal in Brunsbüttel, Germany. With this project, the company has the potential to import up to three million tonnes of low-emission ammonia to Europe annually.