Under an agreement signed between both the parties, BASF will purchase Arcus Greencycling Technologies’ pyrolysis oil which has been created from mixed plastic waste. The chemical firm intends to use the oil as a raw material in its production plants for manufacturing high-quality polyamides.

Nextchem has secured a Pre-Feed engineering services contract by Madoquapower2X to develop and operate an integrated renewable hydrogen and green ammonia plant in Portugal. The project is expected to have an initial capacity of 500 MW for electrolyzer and up to 500kt/y of green ammonia, thus reducing CO2 emissions by up to 600,000 t/y.

At present, Linde supplies oxygen, nitrogen and argon to Jindal Stainless from its on-site Air Separation Unit at the Kalinganagar Industrial Estate in Odisha, East India. With the expansion announcement, the company will now develop a second air separation unit.

Loading arms for LNG are almost as unique as a fingerprint. No two are exactly the same. Luvra Hydraulik and R. Stahl work together to ensure that these crane-like structures can move and are safe to operate. Luvra is responsible for planning the industrial hydraulic system, including the electrical engineering. Following this, R. Stahl constructs the explosion-protected electrical control systems — tailored to each individual project.

Repsol has plans to sell its oil and gas assets in Canada to Peyto for 468 million dollars. The move is in line with the company’s goal of focusing on its core regions.

In December 2022, Business Finland awarded Neste with a public funding of 27.7 million euros for green hydrogen projects at Neste’s refinery in Porvoo, Finland, aiming to develop solutions for renewable hydrogen production.

Under the terms of a joint venture agreement signed between Ineos and Sinopec, Ineos will acquire a 50 % share in Sinopec’s existing Tianjin Nangang Ethylene Project which is currently under development. The new petrochemicals complex will include a 1.2 mtpa cracker, and 12 other derivative plants, including a 300ktpa ABS plant and a 500ktpa HDPE plant.

The Indian Oil Corporation has plans to establish three bitumen plants in Paradip, Gujarat and Barauni in the background of the growing demand for bitumen which is required for road construction in India. The company has commissioned Pörner for the planning and supply of the facilities.

Under a MOU signed between LG Chem and GS Caltex, both the firms will work together to accelerate the commercialization of the world's first 3HP eco-friendly bio material.

Carbon transformation company Twelve is announcing 130 million dollars in a Series B and additional funding to scale the engineering, manufacturing, and deployment of its industrial-scale carbon transformation technology for the creation of a wide range of products with a lower carbon footprint.