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Latest News and Updates
Latest News
EVENTS
July 11, 2023
US Refining Capacity Rises for the First Time Sinc...
The US has seen a rise in refining capacity for the first time since the onset of the COVID-19 pandemic, as reported by the US Energy Information Administration...
REPORTS
July 10, 2023
Sustainability Goals vs Market Realities: The Chal...
The North American plastics recycling industry is feeling the heat as prices for offgrade virgin resins take a downward turn. The increase in production capacit...
EVENTS
July 07, 2023
INEOS Takes Major Step Forward with Acquisition of...
INEOS is set to enhance its Petrochemical portfolio by acquiring TotalEnergies 50% interest in several joint ventures, including Naphtachimie, Gexaro, Appryl, a...
REPORTS
June 29, 2023
BASF Paves the Way for Polyethylene Production in ...
BASF, a leading chemical company, has initiated construction on a new polyethylene production facility at its Verbund site in Zhanjiang, China. The facility, de...
REPORTS
June 26, 2023
Aramco and TotalEnergies Initiate $11 Billion Petr...
Saudi Arabian oil giant Aramco and French multinational TotalEnergies, both key players in the global energy sector, have initiated the expansion of a petrochem...
REPORTS
June 22, 2023
Navigating the Changing Tides: Anticipating a Turn...
Throughout 2023, there have been claims about a potential turnaround in freight rates, but with the exception of a couple of upward blips, these predictions hav...
REPORTS
June 08, 2023
Polypropylene Supply Impacted by Phillips 66 Refin...
In a letter to customers, Phillips 66 declared force majeure due to unforeseen equipment failure and required unplanned maintenance at its Bayway refinery in Ne...
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