Petrochemical

McDermott Awarded EPsCm Contract from Slovnaft

Retrieved on: 
Monday, March 20, 2023
Plastic, Polyethylene, Lummus, McDermott, Senior, Czech Republic, Engineering, Petrochemical, Slovnaft

HOUSTON, March 20, 2023 /PRNewswire/ -- McDermott has been awarded an engineering, procurement services and construction management (EPsCm) contract from Slovnaft, a.s., for the steam cracker intensification off-gas processing project at its plant in Bratislava, Slovakia.

Key Points: 
  • HOUSTON, March 20, 2023 /PRNewswire/ -- McDermott has been awarded an engineering, procurement services and construction management (EPsCm) contract from Slovnaft, a.s., for the steam cracker intensification off-gas processing project at its plant in Bratislava, Slovakia.
  • McDermott will provide comprehensive EPsCm services and leverage its strategic agreement with Lummus Technology, the licensor of the steam cracker unit.
  • "McDermott has a long-standing relationship with Slovnaft, dating back to 2003.
  • This award is testament to our prior performance and the confidence Slovnaft has in us," said Vaseem Khan, Senior Vice President, Onshore.

Global Bio-Based Paraxylene Market Size Set to Skyrocket with Projected CAGR of 7.5% from 2023 to 2030, Reaching USD 22.0 Billion by 2030 Report By Zion Market Research

Retrieved on: 
Thursday, March 16, 2023
Projection, BRICS, P-Xylene, Aladdin (food & beverage containers), Retro-Diels–Alder reaction, Glucose, PET, Water, Complex, DMF, Polyethylene terephthalate, ATJ, Biophysical environment, Carbon, Reusability, Cosmetics, PBT, Meat, Solvent, CO2, Polymer, Blister, Ultimate tensile strength, PTT, Growth, Coca Cola Corporation, Cellulose, Biomass, Plastic, C6, Sugar, Dehydration, Danone, Magnetism, PepsiCo, CSD, Transport, Energy drink, Video game, Recycling, Bottled water, Petrochemical, Bioplastic

Bioplastic packaging uses less energy, is lighter in weight, and emits less CO2 than traditional plastic packaging.

Key Points: 
  • Bioplastic packaging uses less energy, is lighter in weight, and emits less CO2 than traditional plastic packaging.
  • Thus, the growing use of bio-based PET products drives the growth of the bio based paraxylene industry.
  • Based on the end user, the global bio based paraxylene market is segmented into food & beverages, packaging, and others.
  • The bio paraxylene market is expected to expand during the forecast period due to expansion in the packaging sector.

Global Bio-Based Paraxylene Market Size Set to Skyrocket with Projected CAGR of 7.5% from 2023 to 2030, Reaching USD 22.0 Billion by 2030 Report By Zion Market Research

Retrieved on: 
Thursday, March 16, 2023
Projection, BRICS, P-Xylene, Aladdin (food & beverage containers), Retro-Diels–Alder reaction, Glucose, PET, Water, Complex, DMF, Polyethylene terephthalate, ATJ, Biophysical environment, Carbon, Reusability, Cosmetics, PBT, Meat, Solvent, CO2, Polymer, Blister, Ultimate tensile strength, PTT, Growth, Coca Cola Corporation, Cellulose, Biomass, Plastic, C6, Sugar, Dehydration, Danone, Magnetism, PepsiCo, CSD, Transport, Energy drink, Video game, Recycling, Bottled water, Petrochemical, Bioplastic

Bioplastic packaging uses less energy, is lighter in weight, and emits less CO2 than traditional plastic packaging.

Key Points: 
  • Bioplastic packaging uses less energy, is lighter in weight, and emits less CO2 than traditional plastic packaging.
  • Thus, the growing use of bio-based PET products drives the growth of the bio based paraxylene industry.
  • Based on the end user, the global bio based paraxylene market is segmented into food & beverages, packaging, and others.
  • The bio paraxylene market is expected to expand during the forecast period due to expansion in the packaging sector.

Global Acrylic Resins Market to Reach $25.2 Billion by 2030

Retrieved on: 
Thursday, March 16, 2023
COVID, Acrylic resin, Climate change, Risk, Acrylate, Investment, COVID-19, Methacrylate, Growth, Pressure, Food, Adhesive, Petrochemical, Rare-earth element, Floral industry, Beauty salon, Plastics, Engineering plastic, Paint, Thermoplastic, Iron ore, Application, Plastic, Type

In the changed post COVID-19 business landscape, the global market for Acrylic Resins estimated at US$16 Billion in the year 2022, is projected to reach a revised size of US$25.2 Billion by 2030, growing at aCAGR of 5.8% over the period 2022-2030.

Key Points: 
  • In the changed post COVID-19 business landscape, the global market for Acrylic Resins estimated at US$16 Billion in the year 2022, is projected to reach a revised size of US$25.2 Billion by 2030, growing at aCAGR of 5.8% over the period 2022-2030.
  • Methacrylates, one of the segments analyzed in the report, is projected to record 5.9% CAGR and reach US$10.7 Billion by the end of the analysis period.
  • The U.S. Market is Estimated at $4.4 Billion, While China is Forecast to Grow at 9.5% CAGR
    The Acrylic Resins market in the U.S. is estimated at US$4.4 Billion in the year 2022.
  • China, the world`s second largest economy, is forecast to reach a projected market size of US$5.5 Billion by the year 2030 trailing a CAGR of 9.5% over the analysis period 2022 to 2030.

Butadiene LLP Selects Multiple Lummus Technologies for High Value Petrochemicals Plant in Kazakhstan

Retrieved on: 
Monday, March 13, 2023
Butane, Director general, MTBE, Carbon, Butadiene, IC4, BASF, Engineering, Growth, Lummus, MTA, Petrochemical

HOUSTON, March 13, 2023 /PRNewswire/ -- Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced Butadiene LLP has selected its iC4 CATOFIN®, CATADIENE®, CDMtbe® technologies and BASF's butadiene extraction technology for units at Butadiene LLP's new petrochemical plant in Atyrau, Kazakhstan.

Key Points: 
  • "We are grateful to be selected and provide multiple technologies and solutions to support Butadiene LLP's growth and expansion," said Leon de Bruyn, President and Chief Executive Officer of Lummus Technology.
  • "We look forward to partnering with Lummus on this project to upgrade mixed butanes to valuable petrochemicals," said Diaz Diyanov, General Director of Butadiene LLP.
  • "Butadiene LLP will further develop Kazakhstan's petrochemical industry using Lummus' processes that have the lowest carbon footprint available in the marketplace today."
  • Lummus is the exclusive supplier for the on-purpose butadiene CATADIENE technology, and both CATADIENE and CATOFIN technologies utilize Clariant's state-of-the-art catalyst.

Gulbrandsen inaugurates a new aluminum alkyls plant in Dahej, India

Retrieved on: 
Tuesday, March 7, 2023
Gulbrandsen, TEAL, Petrochemical, Dahej Port

DAHEJ, India, March 7, 2023 /PRNewswire/ -- Gulbrandsen, a global specialty chemicals leader, has started production of triethylaluminum (TEAL) at a new manufacturing facility located in Dahej, India, to meet increasing global demand.

Key Points: 
  • DAHEJ, India, March 7, 2023 /PRNewswire/ -- Gulbrandsen, a global specialty chemicals leader, has started production of triethylaluminum (TEAL) at a new manufacturing facility located in Dahej, India, to meet increasing global demand.
  • Aluminum Alkyls are used as co-catalysts for manufacturing polyolefins, synthetic rubber, pharmaceuticals and other fine chemicals.
  • "This investment supports Gulbrandsen's commitment to meet the growing needs of our customers for high quality aluminum alkyls," says Ron Hatchell, Global Business Director of Organometallics.
  • "The Dahej site will also play a vital role in achieving our long-term strategic targets and strengthen our presence in an attractive high-growth market."

Gulbrandsen inaugurates a new aluminum alkyls plant in Dahej, India

Retrieved on: 
Tuesday, March 7, 2023
Gulbrandsen, TEAL, Petrochemical, Dahej Port

DAHEJ, India, March 7, 2023 /PRNewswire/ -- Gulbrandsen, a global specialty chemicals leader, has started production of triethylaluminum (TEAL) at a new manufacturing facility located in Dahej, India, to meet increasing global demand.

Key Points: 
  • DAHEJ, India, March 7, 2023 /PRNewswire/ -- Gulbrandsen, a global specialty chemicals leader, has started production of triethylaluminum (TEAL) at a new manufacturing facility located in Dahej, India, to meet increasing global demand.
  • Aluminum Alkyls are used as co-catalysts for manufacturing polyolefins, synthetic rubber, pharmaceuticals and other fine chemicals.
  • "This investment supports Gulbrandsen's commitment to meet the growing needs of our customers for high quality aluminum alkyls," says Ron Hatchell, Global Business Director of Organometallics.
  • "The Dahej site will also play a vital role in achieving our long-term strategic targets and strengthen our presence in an attractive high-growth market."

Renewable Methanol Market Size Worth USD 6.86 Billion in 2032 | Emergen Research

Retrieved on: 
Monday, March 6, 2023
Carbon, OCI, Methanol, SE, CRI, Carbon Recycling International, BASF, Suncor Energy, Acquisition, Research, BASF SE, Growth, USD, Covestro, Carbon dioxide, CO2, Hydrogen, Aviation biofuel, Partnership, Plastic, Enerkem, Government, Transport, Natural gas, Methanex, Gasoline, Renewable Fuel Standard (United States), Nordic Green Left Alliance, Shell, Chemical industry, Biomass, Renewable energy, Coal, Petrochemical, Innogy

VANCOUVER, B.C., March 6, 2023 /PRNewswire/ -- According to the latest analysis by Emergen Research , the renewable methanol market size reached USD 4.00 Billion in 2022 and is expected to register a CAGR of 5.5% during the forecast period.

Key Points: 
  • VANCOUVER, B.C., March 6, 2023 /PRNewswire/ -- According to the latest analysis by Emergen Research , the renewable methanol market size reached USD 4.00 Billion in 2022 and is expected to register a CAGR of 5.5% during the forecast period.
  • Similarly, the US government has introduced the Renewable Fuel Standard program to promote the use of renewable fuels, including renewable methanol.
  • Renewable methanol has a lower carbon footprint compared to traditional methanol, as it is produced from renewable sources.
  • The renewable methanol market is expected to register a CAGR of 5.5% over the forecast period and revenue is projected to increase from USD 4.00 Billion in 2022 to USD 6.86 Billion in 2032.

Renewable Methanol Market Size Worth USD 6.86 Billion in 2032 | Emergen Research

Retrieved on: 
Monday, March 6, 2023
Carbon, OCI, Methanol, SE, CRI, Carbon Recycling International, BASF, Suncor Energy, Acquisition, Research, BASF SE, Growth, USD, Covestro, Carbon dioxide, CO2, Hydrogen, Aviation biofuel, Partnership, Plastic, Enerkem, Government, Transport, Natural gas, Methanex, Gasoline, Renewable Fuel Standard (United States), Nordic Green Left Alliance, Shell, Chemical industry, Biomass, Renewable energy, Coal, Petrochemical, Innogy

VANCOUVER, B.C., March 6, 2023 /PRNewswire/ -- According to the latest analysis by Emergen Research , the renewable methanol market size reached USD 4.00 Billion in 2022 and is expected to register a CAGR of 5.5% during the forecast period.

Key Points: 
  • VANCOUVER, B.C., March 6, 2023 /PRNewswire/ -- According to the latest analysis by Emergen Research , the renewable methanol market size reached USD 4.00 Billion in 2022 and is expected to register a CAGR of 5.5% during the forecast period.
  • Similarly, the US government has introduced the Renewable Fuel Standard program to promote the use of renewable fuels, including renewable methanol.
  • Renewable methanol has a lower carbon footprint compared to traditional methanol, as it is produced from renewable sources.
  • The renewable methanol market is expected to register a CAGR of 5.5% over the forecast period and revenue is projected to increase from USD 4.00 Billion in 2022 to USD 6.86 Billion in 2032.

Online Marketplace AllSurplus Partners with Aaron Industrial Solutions to Sell Unused Ethylene Plant Components for Major Engineering Firm

Retrieved on: 
Friday, March 3, 2023
AIS, Liquidity Services, Linde, Sale, Partnership, Natural Resources, Heart, Business development, Petrochemical

BETHESDA, Md., March 03, 2023 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT), a leading global commerce company powering the circular economy, has partnered with Aaron Industrial Solutions (AIS), a global equipment auction, liquidation, and asset management company, to sell unused components from a Linde Engineering ethylene plant on AllSurplus.com , the world’s leading online marketplace for business surplus assets.

Key Points: 
  • BETHESDA, Md., March 03, 2023 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT), a leading global commerce company powering the circular economy, has partnered with Aaron Industrial Solutions (AIS), a global equipment auction, liquidation, and asset management company, to sell unused components from a Linde Engineering ethylene plant on AllSurplus.com , the world’s leading online marketplace for business surplus assets.
  • The sale will take place over the course of a year and encompass a wide range of asset types across numerous industrial sectors, with items located in 17 countries spanning three continents.
  • “This is a rare opportunity for a company that needs inventory and equipment to ramp up their ethylene production,” said AIS Managing Director Peder Grimstrup.
  • The ethylene plant has the capacity to produce 1.5 million tons of ethylene per year.