Petrochemicals

ADNOC to buy German chemicals firm Covestro for $16 bn

ADNOC to buy German chemicals firm Covestro for $16 bn

02 Oct 2024

Abu Dhabi National Oil Company (ADNOC) has agreed to acquire German chemicals company Covestro in a deal valued at 14.7 billion euros ($16.3 billion)

GAIL to invest Rs60,000 cr for setting up a 1,500-KTA ethane cracker in MP

GAIL to invest Rs60,000 cr for setting up a 1,500-KTA ethane cracker in MP

17 Jun 2024

GAIL (India) Limited plans to invest around Rs60,000 crore to set up a 1,500 KTA ethane cracker, perhaps the largest in India, at Ashta in Sehore district of Madhya Pradesh.

LyondellBasell weighs divestment of European business

LyondellBasell weighs divestment of European business

10 May 2024

Petrochemicals giant LyondellBasell is moving ahead with plans to divest its vast petrochemicals business in Europe, as part of the company’s plan to divest non-core assets.

India’s core sector output expands by 6.7% in February

India’s core sector output expands by 6.7% in February

01 Apr 2024

Core sector industrial production in India expanded by 6.7 per cent in February 2024, on the back of increased production of coal, natural gas, cement, steel, crude oil, electricity and petroleum refinery products, provisional figures released on Thursday showed.

Russian crude ships change course amid concerns over oil payments

Russian crude ships change course amid concerns over oil payments

02 Jan 2024

Several vessels transporting crude oil from Russia, previously idling off the coast of India, are now changing their course eastward, raising concerns about oil payments to Moscow and resulting in a decline in arrivals.

ExxonMobil hands over operations of Iraqi oil field to PetroChina

ExxonMobil hands over operations of Iraqi oil field to PetroChina

02 Jan 2024

US oil giant ExxonMobil has exited the West Qurna 1 oilfield in southern Iraq and handed over its operations to PetroChina as the principal contractor, reports citing an Iraqi deputy oil minister said on Monday.

Brazil's Petrobras brings a third floating platform into production

Brazil's Petrobras brings a third floating platform into production

02 Jan 2024

Brazil’s state-owned oil and gas giant Petrobras on Sunday announced the start of commercial production from the giant Sepetiba floating production, storage, and offloading (FPSO) vessel at its Mero oil field in the pre-salt area of the Santos Basin offshore.

Berkshire Hathaway acquires $588.7 million worth of Occidental Petroleum shares

Berkshire Hathaway acquires $588.7 million worth of Occidental Petroleum shares

14 Dec 2023

Berkshire Hathaway, one of the world’s largest holding companies, acquired nearly 10.5 million shares of Occidental Petroleum.

LyondellBasell Reports 2022 net income of $353 million

06 Feb 2023

LyondellBasell forms joint venture to build advanced plastic waste recycling facility

13 Oct 2022

Reliance to buy Shubhalakshmi’s polyester business in slump sale

14 Sep 2022

RIL, Saudi Aramco call off O2C stake sale deal

22 Nov 2021

The move comes after Reliance recently unveiled plans for the New Energy and Materials businesses by announcing the development of Dhirubhai Ambani Green Energy Giga Complex at Jamnagar, which accounts for a major part of RIL’s O2C assets

LyondellBasell to manufacture 2 million tonnes of recycled plastics by 2030

29 Sep 2020

Gas leak at LG Polymers in Vizag kills at least 11, hundreds hospitalised

07 May 2020

LyondellBasell, Bora sign agreements to form Chinese joint venture

06 Mar 2020

RIL pushes use of waste plastics in road projects

30 Jan 2020

India produces plastics waste of over 25,940 tonnes every day, most of which ends up in landfills or the seas, in the absence of an organised system of plastic waste management

RIL, Adnoc team up for ethylene dichloride project in Ruwais

11 Dec 2019

Under the terms of the agreement, Adnoc and RIL will create a facility to manufacture ethylene dichloride, a basic building-block for the manufacture of polyvinyl chloride, adjacent to Adnoc’s integrated refining and petrochemical site in Ruwais

BASF in $4 billion Indian chemicals joint venture

17 Oct 2019

BASF is teaming up with India’s Adani Group, Abu Dhabi National Oil Company and Borealis AG to study the feasibility of a petrochemical complex in Mundra in Gujarat with investments of up to $4 billion

ONGC looking to buy rest of ONGC Petroadditions: report

11 Sep 2019

LyondellBasell, Neste team up for production of plastics from renewables

18 Jun 2019

Saudi Aramco, Total sign MoU to build giant petrochem complex in Jubail

11 Apr 2018

RIL commissions world’s largest refinery off-gas cracker at Jamnagar

03 Jan 2018

With the world’s largest operating refinery off-gas cracker, RIL now joins the league of top 5 petrochemical producers globally in ethylene capacity

Reliance acquires Kemrock in auction-sale by lenders

07 Sep 2017

Kemrock’s total liabilities include lenders’ claims of Rs1,652.18 crore, Rs1.41 crore dues to the EPFO, Rs205.77 crore excise and customs duty dues and a VAT liability of Rs82.16 crore

RIL emerges world’s second largest producer of paraxylene

10 Jun 2017

With the commissioning of its third crystallization train RIL has emerged the world’s second largest producer of paraxylene after BP, with an annual capacity of 2.2 million tonnes or about 11 per cent of global production

Reliance commissions world’s largest ethane project in record time

20 Apr 2017

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