Petrochemicals

Q3 revenue rose >10% y/y and company remains on track for ~15–16% full‑year growth; Q3 net cash usage ≈ $28M with ≈ $134M cash on hand; margin improvement and an ~$8bn electrolyzer pipeline.

EU funds first commercial plant converting mixed plastic waste into renewable BTX aromatics; plant will process 20,000 t/yr, produce 10,000 t/yr and cut 72% GHG vs fossil route.

World’s largest lignocellulosic biorefinery with 220,000 t/yr capacity converts beechwood and sawmill residues into industrial sugars and lignin for renewable chemicals and fuels.

A new CA‑EDC plant will cut import reliance and save foreign exchange; planned output 400 KTA caustic soda and 500 KTA EDC; ~80% complete (Sep 2026); commercial start in 2027.

Honeywell UOP will provide process technologies, equipment, catalysts and technical support for Hengyi’s Pulau Muara Besar Phase II to expand crude-processing to about 20 million metric tons/year.

Mumbai refinery will co-process 5% used cooking oil in a 4,000 t/d kerosene hydrotreater, with commissioning targeted by end-2026 and SAF supplied to international flights.

Production started Sept 27 ahead of schedule; field holds ~60 million barrels recoverable and could reach 25,000 bpd. Nearby Lac Da Trang well found 56 m of oil-bearing reservoir at 3,834 m.

Around 40 analytical instruments installed across refinery and petrochemical labs to boost precision testing, digital workflows and capacity for fuels, solvents, bitumen and polymers.

Sitra aromatics complex will produce ~1.2M t/yr paraxylene and 0.5M t/yr benzene using naphtha hydrotreating, CCR platforming and LDPX aromatics processes.

Two binding agreements transfer 10% interests across multiple Indonesian PSCs, covering producing gas fields, major discoveries and hub projects; completions subject to regulatory approvals.