News and industry insights on Processes and products related to upstream chemical production, including steam cracking and refining operations.
Supported by higher prices and volumes, BASF raised its 2026 EBITDA outlook. The BP Q2 2026 trading statement pointed to stronger refining margins and higher realizations despite maintenance and Middle East disruption; Galp also indicated YoY upstream growth and resilient refinery economics.
The SEC declared effective the S‑4 for the merger of equals between Olin and Huntsman, aiming for over $400 million of cost synergies and expanded chlorine‑chain integration.
Dangote selected Lamu, Kenya for a 700,000 bpd single‑train refinery tied to an 800‑km crude pipeline. TotalEnergies shipped the first ECA LNG Phase 1 cargo to Asia, leveraging Mexico’s Pacific location to shorten voyages for Permian‑sourced gas.
The EIB approved financing for OMV’s Bruck green hydrogen plant, targeting around 23 kt/y H2 and a ~150 kt/y CO2 cut at Schwechat. Air Liquide will build a POX syngas unit at Bay City, with CO2 recycling, underpinning OXEA’s Bay City capacity expansion now in execution.
Axens announced France’s first industrial‑scale Jetanol SAF unit, while Velocys introduced the AlphaCore 400 FT reactor to enable larger SAF islands. Topsoe and Sasol will license G2L SAF technology to Allied Biofuels for an Uzbekistan plant targeting 300 kt/y by 2030.
INEOS and Recuro plan an advanced pyrolysis recycling plant at Bamble to supply recycled ethylene via Rafnes. Rompetrol proved island‑mode operation at the Petromidia cogeneration plant, enhancing power resilience for refinery operations.
Top 5 companies involved as owner and/or investor in current and planned Petrochemicals projects:
Eni , TotalEnergies , INEOS , Air Liquide , XRG , ORLEN , bp , ExxonMobil , OXEA , and Neste .
