Production assets may be up for sale, repurposing, or closure as the oil major targets net zero by 2050
As Shell proceeds with its Energy Transition initiative that will see it become more of a natural gas giant than an oil major, its petrochemical assets in Singapore have come under the spotlight, with talk of divestiture, “repurposing,” or even closure if a suitable buyer or buyers cannot be found
PETRONAS, Eni and Euglena to Explore Biorefinery Opportunity in Malaysia
Petroliam Nasional Berhad (PETRONAS), Eni S.p.A (Eni) and Euglena Co., Ltd. (Euglena) today announced that they are jointly studying the possibility of developing and operating a biorefinery in the Pengerang Integrated Complex (PIC), one of the largest integrated refinery and petrochemical developments in Southeast Asia
Initiative to slow new plastic resin capacity through permitting introduced in U.S. Congress
Legislators from the Democratic Party representing some U.S. coastal states introduced in early December 2022 a bill named Protecting Communities from Plastics Act that aims at tighter controls on permitting for future plastic production capacity, new or expanded
Braskem and SCG Chemicals to study joint investment into bio-based ethylene production for bio-based polyethylene in Thailand
Brazilian petrochemichals company Braskem SA said it has signed an agreement with SCG Chemicals to consider a joint venture to invest in a bioethanol dehydration plant in Thailand
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