02-08-2023
INEOS and SINOPEC complete major petrochemicals deal in China.
INEOS has today completed the formation of a 50/50 joint venture with SINOPEC for the Tianjin Nangang Ethylene Project, announced in December 2022, which is currently under construction by SINOPEC and expected to be on-stream by April 2024.
The petrochemical complex includes a 1.2 mtpa cracker, a new 500ktpa High-Density Polyethylene plant to produce INEOS pipe grade under license and 11 other derivative units.
The completion of the agreement today marks the continued progression of the significant petrochemical deals announced by the parties in July and December last year, and highlights the close relationship and growing collaboration between SINOPEC and INEOS.
News Category:
Other News Items
-
Kinder Morgan acquires gas gathering & processing system from Outrigger Energy II
Kinder Morgan Inc, today announced that its subsidiary, Hiland Partners Holdings LLC, has agreed to purchase a natural gas gathering and processing system in North Dakota ...
13-01-2025
-
USA BioEnergy announces land purchase for SAF refinery
USA BioEnergy today announced it has closed on the acquisition of 1,600+ acres of land in East Texas for its new $2.8 billion advanced biorefinery, designed to convert ...
12-01-2025
-
TotalEnergies and its partners Basra Oil and QatarEnergy launched today the construction works of ArtawiGas25, a first processing facility for the associated gas from ...
10-01-2025
-
Avina Clean Hydrogen completes FEED for clean ammonia facility
Avina Clean Hydrogen, a leading clean fuel solutions provider, is pleased to announce the successful completion of Front-End Engineering Design and Front-End-Loading, ...
10-01-2025
-
Petrofac selected by ADNOC Gas for Habshan Project
Petrofac will continue to build on its role at one of the world’s largest gas processing plants, following the award of a new project by Abu Dhabi based ADNOC Gas. The ...
09-01-2025
-
ORLEN unveils massive investment programme
Energy security, modernisation, environmental stewardship, and product innovation form the cornerstones of ORLEN’s newly unveiled strategy. “The Energy of Tomorrow ...
09-01-2025
-
CB&I awarded contract by TJN Ruwais LNG JV for its LNG project located in Abu Dhabi
CB&I today announced that it has been awarded a substantial* lump sum contract by TJN Ruwais JV for engineering, procurement, and construction (EPC) of two cryogenic ...
08-01-2025
-
Alleima will supply Preem with heat exchanger tubes to be used in the conversion of the Lysekil refinery from fossil to renewable fuels. The investment is an important ...
08-01-2025
-
Chart Industries signs global master goods and services agreement with ExxonMobil
Chart Industries Inc, a global leader in clean energy and industrial gas solutions, is pleased to announce its signing of a global master goods and services agreement ...
08-01-2025
-
SICK and Endress+Hauser join forces in process automation
SICK and Endress+Hauser are bringing their strategic partnership in process automation to life: SICK’s advanced gas analysis and flow measurement technology is now ...
07-01-2025
SPONSORS