Company News

U.S. CF Industrial Holdings announced on March 20 that it will acquire the Waggaman ammonia plant in Louisiana, U.S., from Australia's Incitec Pivot Limited (IPL) for $1.675 billion.

• CF
• Industries

On March 14, LyondellBasell announced that it has successfully started up the world's largest propylene oxide (PO) and tertiary butanol (TBA) plant in Texas.

• LyondellBasell

ExxonMobil announced the successful start of its Beaumont refinery expansion project, which will add 250,000 barrels per day of capacity to one of the largest refinery and petrochemical plants on the U.S. Gulf Coast.

• ExxonMobil

Exxon Mobil Corp said in a statement on Wednesday that it was considering selling a majority stake in its main regasification terminal in Italy as part of a broader strategy to divest from non-core assets.

• Exxon

Oil major Shell has approved the development of the Dover offshore field in the Gulf of Mexico.

• Shell

Recently, Cosmo Energy Development, a subsidiary of Cosmo Energy Holdings, announced that it has acquired a 25% stake in Qatar Petroleum Development from Sojitz Corporation.

• Qatar

On March 10, Solvay announced the launch of Polycare Heat Therapy, a new functional active ingredient.

• Solvay

On March 14, WACKER announced its 2022 financial report. The financial report shows that in 2022, the company's sales and profits will reach a new high, achieving sales of 8.21 billion euros, a year-on-year increase of 32%; 2.08 billion euros.

• WACKER

Clariant released its financial report on March 2, stating that the company's goal this year is to achieve higher profitability through sustainable development and innovation in order to achieve growth above the market level.

• Clariant

Honeywell announced today that ExxonMobil will deploy a Honeywell carbon dioxide fractionation and hydrogen purification system at its integrated cogeneration facility in Baytown, Texas.

• ExxonMobil
• Honeywell

Argentina's national oil company (YPF) recently reported that it plans to double its crude oil production and increase natural gas production by 30% over the next five years.

• Petroleum

South Africa's Sasol and Denmark's Topsoe have recently signed a memorandum of understanding to establish a 50/50 joint venture in 2023 to develop sustainable solutions for aviation fuel (SAF).

• Sasol
• Topsoe

Recently, Freudenberg Power Battery and Fuel Cell Group signed a long-term lithium-ion battery module supply contract with LG New Energy, with a contract shipment of 19 GWh.

• Freudenberg
• LG

Recently, INPEX, Japan's largest oil and gas company, and Lukoil, the Russian oil giant, completed research on the joint development of Iraq's Eridu Oilfield.

• INPEX

Recently, the Japan Belt Industry Association announced the import and export performance of tapes in 2022 based on trade statistics compiled by the Japanese Ministry of Finance.

• tape

Recently, Standard & Poor's Global announced that according to the agency's calculations, South Korea's naphtha feed cracking operators expected an average load of 87.96% in March, up from 75.89% in February.

• crackers

In the 2022 financial report released by Bayer Group recently, sales increased by 8.7% year-on-year to 50.739 billion euros. Both sales and earnings increased significantly.

• Bayer