polyolefins

ADNOC and OMV to Create Global Polyolefins Group

OMV and ADNOC agreed to combine their Borealis and Borouge shareholdings into Borouge Group International. ADNOC has also signed a share purchase agreement with Nova Chemicals, an indirect wholly owned subsidiary of Mubadala Investment Company, to acquire 100% of Nova Chemicals for an enterprise value of $13.4 billion. In addition, ADNOC and OMV have agreed for Borouge Group International to take over Nova Chemicals after closing.

Grupa Azoty Nears Sale of Polyolefins Business to Orlen

Grupa Azoty and Orlen have agreed to continue to work on the terms of a potential transaction whereby Orlen – or another entity designated by Orlen – would acquire all or a portion of the shares currently held by Grupa Azoty in Grupa Azoty Polyolefins or otherwise execute the investment.

Borouge, ADNOC, Borealis and Wanhua Chemical Explore China Polyolefins Project

Borouge, in a consortium with ADNOC and Borealis, and China’s Wanhua Chemical, together with Wanrong New Materials, a subsidiary controlled by Wanhua, signed a project collaboration agreement for a feasibility study to develop a 1.6 million t/y specialty state-of-the-art polyolefin complex in Fuzhou, Fujian Province, China.

Borealis Appoints Two Vice Presidents within Polyolefins Business Unit

Borealis has appointed two vice presidents within its polyolefins business unit, effective Sep. 1, 2023.

LyondellBasell to Delay Refining Exit to 2025

LyondellBasell plans to keep its oil refining business in operation longer than planned. Rather than pull the plug at the end of 2023 as announced earlier, the olefins and polyolefins giant said this week it would delay its exit until the end of the 2025 first quarter.

LyondellBasell Signs Long-term Solar Purchase Deals

Chemical producer LyondellBasell has signed five 15-year solar power purchase agreements (PPAs) with Spanish renewable energy producer Grenergy. The purchases cover the supply of energy from the La Cereal solar farm project in Spain, which is expected to be operational at the end of 2025.

Borealis Invests in Solar Power for Austria

Olefins and polyolefins producer Borealis has joined forces with Austrian energy utility company Verbund to supply solar energy to its production site at Schwechat, Austria.

Ineos to Refocus Lillo Plant on Circular Plastics

Ineos O&P Europe, the olefins and polyolefins arm of the Ineos group that steers its European business, will invest €30 million to convert existing capacity at its polyethylene plant at in Lillo in the Port of Antwerp to either monomodal or bimodal grades of high-density polyethylene (HDPE).

Borealis Retendering Belgian PDH Plant Contracts

Borealis has announced it will retender the majority of contracts for its PDH plant under construction at Kallo, Belgium, after slashing all ties with Italian-French joint venture IREM, a contractor based at Siracusa in Italy.

Ineos Snags Three Major Chinese Deals

It has gone somewhat quiet around new European joint ventures in China of late, but Ineos has just announced three back-to-back projects with Chinese state-owned Sinopec that it said are worth altogether $7 billion and will lead to sales of around $10 billion from 7 million tonnes of production.

Arkema Sells Functional Polyolefins to SK

LyondellBasell to Acquire A. Schulman

Expansion Plan for Borouge Sealed

Kazakhstan and UAE Link on PE Project

Catalysts for More Efficient Processes

Sibur and Skolkovo Foundation in Polyolefins R&D Project

Trade Union Seeks Probe of Ineos-BP Pipeline Deal

Ineos Takes BP Pipeline for $250 Million

PMC Biogenix Expands US Fatty Acid Intermediates

Ineos Opens new UK Headquarters

Borealis Plans PDH Plant in Belgium

Maire Tecnimont Wins Azerbaijan PE Contract

Ineos Stands by Shale Despite Price Slump

Neste Jacobs Selected as FEED Contractor on Borouge Project

Surge in Q2 Profit for Borealis

Borealis Investing €160 million in Swedish Cracker

Evonik to Acquire Indian Specialty Catalyst Maker

Songwon Diversifies into Indian and Middle East Plastic Materials Markets

Borealis Extends CEO Garrett’s Contract Until 2019

Strike Threatened at Eni to Protest Refinery Closures

Borealis Records Improved Net Profit in Q1 2014

Azerbaijan’s Petrochemical Industry

Rush to Lightweight Cars Boosts Adhesive Makers

Borealis Announces a Q1 Net Profit of €61 Million

Borealis Acquires DEXPlastomers in Geleen