In a significant step towards achieving Carbon Neutrality by 2050, PTT Global Chemical Public and Mitsubishi Heavy Industries Asia Pacific have entered into a four-year Memorandum of Understanding to explore cutting-edge technologies for a large-scale petrochemical complex in Thailand.

Dow has awarded Fluor with two contracts for developing the world’s first net-zero scope 1 and 2 emissions integrated ethylene cracker and derivatives complex in Fort Saskatchewan, Alberta, Canada. The scope of work includes engineering, procurement and construction management for a new ethylene cracker unit and for the associated utilities, power and infrastructure facilities. It also includes the expansion and retrofit of Dow’s existing manufacturing facilities.

At the recently held COP28 event, Total Energies entered into three cooperation agreements with Petrobras in Brazil, Socar in Azerbaijan and Sonangol in Angola. Under the terms of the contract, the company will supply its Ausea technology to these three firms to detect and quantify their methane emissions.

Covestro has plans to invest a mid to high double-digit million-euro amount for the modernization of its production plant in Dormagen, Germany by 2025. With this, the company aims to significantly improve the plant's energy efficiency and thereby reduce CO2 emissions.

Shell has decided to repurpose its Wesseling site at the Energy and Chemicals Park Rheinland in Germany by converting the site’s hydrocracker into a production unit for Group III base oils. These base oils are used for producing high-quality lubricants such as engine and transmission oils.

Arkema has obtained the certification for its acrylic acid and ester production facility located in Taixing, Jiangsu Province, China. The project is claimed to be the first acrylic monomers plant in China to receive the ISCC+ certification.

Albert Baehny, the current Chairman of Lonza has decided not to stand for re-election at the soon to be held AGM in May. In this scenario, the Board has proposed Jean-Marc Huët to become the new Chairman of the Board.

Lubrizol Advanced Materials has revealed that three additional Lubrizol Engineered Polymers sites—Lubrizol Advanced Materials’ headquarters in Brecksville and the production plants in Avon Lake, Ohio, U.S., and Oevel, Belgium—have obtained the International Sustainability and Carbon Certification Plus certification.

BASF process catalysts has collaborated with Envision Energy to further optimize the process of producing e-methanol from green hydrogen and CO2 via an advanced, dynamic process design. The partners aim to demonstrate the viability of the advanced process design next year.

Kraton has successfully upgraded its crude tall oil biorefinery towers in its Panama City, Florida manufacturing facility. The company has invested 35-million-dollars for the project and with this upgradation will continue to deliver sustainable bio-based products and solutions to its customers.