Petrochemical

Conagen and Sumitomo Chemical jointly develop a new era of renewable carbon materials

Retrieved on: 
Tuesday, August 1, 2023
Partnership, PHS, Sumitomo Chemical, Petroleum, Electronics, Para, Polymerization, Polymer, Fermentation, Carbon, HS, MacNamara, Styrene, Biomass, Environment, Renewable energy, Fine chemical, Petrochemical

The monomer and the polymer are 100% renewable carbon, marking a new era of sustainable production.

Key Points: 
  • The monomer and the polymer are 100% renewable carbon, marking a new era of sustainable production.
  • Efforts to reduce reliance on petroleum and transition towards renewable and sustainable alternatives have gained momentum in recent years.
  • With renewable biomass as the starting material, this joint devolvement between Conagen and Sumitomo Chemical creates an environmentally friendly and cost-effective product.
  • This joint development project promises to potentially pave the way for developing novel renewable and sustainable materials .

McDermott Selected for Petrochemical Expansion Project by IOCL

Retrieved on: 
Monday, July 31, 2023
IOCL, EPCM, Panipat Refinery, MAH, Indian Oil Corporation, McDermott, Global Operations, PMC, Senior, Economic development, NCU, Engineering, Center of excellence, Petrochemical

HOUSTON, July 31, 2023 /PRNewswire/ -- McDermott has been awarded a project management consultancy (PMC) and engineering, procurement, and construction management (EPCM) contract for the Naphtha Cracker Expansion (Phase II) polypropylene expansion and new ethylene derivative unit project from Indian Oil Corporation Limited (IOCL).

Key Points: 
  • HOUSTON, July 31, 2023 /PRNewswire/ -- McDermott has been awarded a project management consultancy (PMC) and engineering, procurement, and construction management (EPCM) contract for the Naphtha Cracker Expansion (Phase II) polypropylene expansion and new ethylene derivative unit project from Indian Oil Corporation Limited (IOCL).
  • The project is located at the Panipat Refinery and Petrochemical Complex, located 62 miles (100 kilometers) from New Delhi, India.
  • The project will increase the ethylene production capacity of the naphtha cracker unit (NCU) by approximately 20 percent.
  • McDermott will provide comprehensive EPCM services and overall project management for the duration of the project, which will be executed from its Center of Excellence in Gurugram, India.

Origin Materials and Husky Achieve Commercialization Milestone for Advanced Packaging

Retrieved on: 
Monday, July 31, 2023
Sustainability, Environment, Textiles, Packaging, Recycling, Chemicals, Plastics, Green Technology, Manufacturing, Plastic, Carbon footprint, Polymer, PET, Multimedia, Carbon, Husky, FDCA, Plasticizer, Entrepreneurship, Polyester, Polyurethane, Biomass, PEF, Economics, Petrochemical

Origin Materials, Inc. (“Origin” and “Origin Materials”) (NASDAQ: ORGN, ORGNW), a leading carbon negative materials company with a mission to enable the world’s transition to sustainable materials, and Husky Technologies (“Husky”) , a pioneering technology provider enabling the delivery of essential needs to the global community, announced a milestone in the commercialization of PET (polyethylene terephthalate) incorporating the sustainable chemical FDCA (furandicarboxylic acid) for advanced packaging and other applications.

Key Points: 
  • Origin Materials, Inc. (“Origin” and “Origin Materials”) (NASDAQ: ORGN, ORGNW), a leading carbon negative materials company with a mission to enable the world’s transition to sustainable materials, and Husky Technologies (“Husky”) , a pioneering technology provider enabling the delivery of essential needs to the global community, announced a milestone in the commercialization of PET (polyethylene terephthalate) incorporating the sustainable chemical FDCA (furandicarboxylic acid) for advanced packaging and other applications.
  • View the full release here: https://www.businesswire.com/news/home/20230731962598/en/
    Advanced co-polyester made by Origin Materials and Husky Technologies using PET/F.
  • We believe these materials have the power to transform plastics and the material economy,” said John Bissell, Co-Founder and Co-CEO of Origin Materials.
  • By combining FDCA with PET, Origin has produced PET/F, a “tunable” hybrid polymer offering performance enhancements and full recyclability.

Global Adipic Acid Market Set to Reach $6.5 Billion by 2030, Driven by Demand from Automotive, Electronics, and Construction Industries - ResearchAndMarkets.com

Retrieved on: 
Wednesday, July 26, 2023
Chemicals, Plastics, Manufacturing, Adipic acid, Asahi Kasei, Human, Housing, International, Electronics, COVID-19, Aladdin (food & beverage containers), LANXESS, USD, Cyclohexanone, Car, River, Pond, Nylon 6, INVISTA, SE, BASF, BASF SE, Growth, Environment, Petrochemical

The global adipic acid market size is expected to reach USD 6,567.27 million by 2030 to expand at a CAGR of 3.8% from 2023 to 2030.

Key Points: 
  • The global adipic acid market size is expected to reach USD 6,567.27 million by 2030 to expand at a CAGR of 3.8% from 2023 to 2030.
  • Thus, the increasing demand for automobiles worldwide is anticipated to fuel the consumption of nylon 6, 6, thereby having a positive impact on the demand for adipic acid.
  • The manufacturing and distribution of products on a global scale enables shorter lead times to the manufacturers operating in the market.
  • International border restriction affected the supply chain for adipic acid, which further deteriorated the growth of the market

Global Butyl Acetate Market Expected to Reach 2800 Thousand Tonnes by 2032: Growing Demand in Paints & Coatings and Other Industries Drives Expansion - ResearchAndMarkets.com

Retrieved on: 
Tuesday, July 18, 2023
Chemicals, Plastics, Manufacturing, Adhesive, Celanese, Fats, Electronics, Organic compound, Polymer, Volatile organic compound, Research, Fruit, International trade, Sipchem, Acetic acid, Oil, Paint, Plasticizer, SE, BASF, BASF SE, Ester, Dow Chemical Company, Butyl acetate, Petrochemical, Coating, Others

The global Butyl Acetate market demand stood at approximately 1900 thousand tonnes in 2022 and is expected to grow at a CAGR of 3.71% during the forecast period until 2032.

Key Points: 
  • The global Butyl Acetate market demand stood at approximately 1900 thousand tonnes in 2022 and is expected to grow at a CAGR of 3.71% during the forecast period until 2032.
  • Various industries consume Butyl Acetate such as medicines, personal-care products, paints and coatings, food flavoring, plasticizers, electronics, and others.
  • The global increase in the use of water-based coatings and automotive paints is what is driving the butyl acetate industry.
  • Based on the End-user industry, the global Butyl Acetate market is segmented into Paints & Coatings, Pharmaceuticals, Personal Care, Leather Industry, and Others.

Global Ethylene Glycols Market 2023: Launch of Bio-based Versions is one of the Many Product Innovations Driving Growth - ResearchAndMarkets.com

Retrieved on: 
Thursday, July 13, 2023
Chemicals, Plastics, Manufacturing, Plastic, Ethylene glycol, Drink, Ethylene oxide, COVID-19, Propylene glycol, Polymer, PET, Cosmetics, USD, Autoclave, Genetically modified bacteria, DEG, Solvent, Car, Application, Plant growth analysis, MEG, TEG, Textile, Diol, Petrochemical

Increased demand for ethylene glycol in the manufacture of plastic packaging is another factor promoting market expansion.

Key Points: 
  • Increased demand for ethylene glycol in the manufacture of plastic packaging is another factor promoting market expansion.
  • Because of this, polyester fibres are increasingly being used as a cushioning material in pillows, comforters, and upholstery padding, which is driving the market for ethylene glycol.
  • The launch of bio-based versions is just one of the many product innovations that are having a beneficial influence on the market expansion.
  • Based on region the global ethylene glycols market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

Technip Energies and LanzaTech to Collaborate on Breakthrough CO2-to-Ethylene Technology

Retrieved on: 
Wednesday, July 12, 2023
Plastic, Partnership, Hydrogen, Detergent, Ethanol, Borealis, Carbon, Aviation biofuel, EVA, Technip Energies, Chemical industry, CO2, Petrochemical

Together LanzaTech’s carbon capture and utilization technology with Technip Energies’ Hummingbird® technology transform waste carbon into ethylene, the most common building block in petrochemicals.

Key Points: 
  • Together LanzaTech’s carbon capture and utilization technology with Technip Energies’ Hummingbird® technology transform waste carbon into ethylene, the most common building block in petrochemicals.
  • Finally, Technip Energies’ Hummingbird® technology dehydrates the ethanol to ethylene.
  • Technip Energies also partners with LanzaJet, an independent company formed and spun off by LanzaTech, which includes the Hummingbird® technology in the LanzaJet™ Alcohol-to-Jet process which makes sustainable aviation fuel from ethanol.
  • Arnaud Pieton, CEO of Technip Energies, stated: “We are very pleased to work with LanzaTech on another sustainable solution, this time to decarbonize ethylene.

Econic Technologies and Monument Chemical announce licensing agreement to develop and grow CO2 based polyurethanes in USA

Retrieved on: 
Wednesday, June 21, 2023
Growth, CO2, Carbon, PCE, Petrochemical, Renewable energy, Monument, Mercedes-Benz Econic, Oxide

MACCLESFIELD, United Kingdom, June 21, 2023 /PRNewswire/ -- Econic Technologies , a leading innovator in carbon to value technologies, and Monument Chemical , a leading specialty chemical manufacturer, are pleased to announce their agreement to collaborate on the growth of CO2 containing polyols in North America.

Key Points: 
  • MACCLESFIELD, United Kingdom, June 21, 2023 /PRNewswire/ -- Econic Technologies , a leading innovator in carbon to value technologies, and Monument Chemical , a leading specialty chemical manufacturer, are pleased to announce their agreement to collaborate on the growth of CO2 containing polyols in North America.
  • Monument Chemical is the first US company to license Econic's process for manufacturing polycarbonate ether (PCE) polyols made from CO2 as a sustainable source of renewable carbon.
  • Monument will begin production based on the Econic process in late 2023.
  • Our aim is to work with Monument to help sustainably grow their business with Econic's groundbreaking technology," said Econic CEO Keith Wiggins.

Expansion Of Uzbekistan's Methanol-To-Olefins Gas Chemical Complex Planned with New Production Facility

Retrieved on: 
Thursday, May 25, 2023
Hydrogen, Congress Hall, Methanol, GCC, Oxygen, Tashkent, Air separation, Air Products, Investment, Natural gas, Sport, Nitrogen, Director general, Petrochemical, Thermoplastic, Industrial gas

TASHKENT, Uzbekistan, May 25, 2023 /PRNewswire/ -- Uzbekistan's Gas Chemical Complex MTO Central Asia LLC, an innovative leader in polymer production, has signed an industrial gas processing agreement with Air Products to build a methanol production facility.

Key Points: 
  • TASHKENT, Uzbekistan, May 25, 2023 /PRNewswire/ -- Uzbekistan's Gas Chemical Complex MTO Central Asia LLC, an innovative leader in polymer production, has signed an industrial gas processing agreement with Air Products to build a methanol production facility.
  • Known as Methanol Island, the facility would have a capacity of 1.34 million tons per year, as a part of the Methanol-to-olefin (MTO) gas chemical complex in Uzbekistan.
  • The facility, to be built in the Karakul Free Economic Zone situated in Uzbekistan's Bukhara region, will cover 15 hectares.
  • Masrur Shakirov, General Director of the Gas Chemical Complex MTO, said: "We are delighted to be working with Air Products, the world's leading industrial gases company, as partners in the complex.

Expansion Of Uzbekistan's Methanol-To-Olefins Gas Chemical Complex Planned with New Production Facility

Retrieved on: 
Thursday, May 25, 2023
Hydrogen, Congress Hall, Methanol, GCC, Oxygen, Tashkent, Air separation, Air Products, Investment, Natural gas, Sport, Nitrogen, Director general, Petrochemical, Thermoplastic, Industrial gas

TASHKENT, Uzbekistan, May 25, 2023 /PRNewswire/ -- Uzbekistan's Gas Chemical Complex MTO Central Asia LLC, an innovative leader in polymer production, has signed an industrial gas processing agreement with Air Products to build a methanol production facility.

Key Points: 
  • TASHKENT, Uzbekistan, May 25, 2023 /PRNewswire/ -- Uzbekistan's Gas Chemical Complex MTO Central Asia LLC, an innovative leader in polymer production, has signed an industrial gas processing agreement with Air Products to build a methanol production facility.
  • Known as Methanol Island, the facility would have a capacity of 1.34 million tons per year, as a part of the Methanol-to-olefin (MTO) gas chemical complex in Uzbekistan.
  • The facility, to be built in the Karakul Free Economic Zone situated in Uzbekistan's Bukhara region, will cover 15 hectares.
  • Masrur Shakirov, General Director of the Gas Chemical Complex MTO, said: "We are delighted to be working with Air Products, the world's leading industrial gases company, as partners in the complex.