India to account for 34% of Asian petrochemicals by 2025

The country is growing its portfolio to meet heavy industry demands

BP agrees to sell petrochemicals business to INEOS in $5bn deal

The sale is the energy giant’s next strategic step in ‘reinventing BP’ and helping it become a lower carbon company

INEOS installs new tech in London office to improve air quality

The installation of air filters is said to have ‘massively improved’ air quality across the office

INEOS plans $2bn ‘most energy efficient’ petrochemical complex in Saudi Arabia

It is investing in three plants which are expected to begin production in 2025

Petrochemicals giant INEOS to pump £1bn in the UK

It is investing £500m in the Forties Pipeline System and £350m in a new energy efficient steam and power plant

IEA: Rising consumption of plastics to drive oil demand growth

Petrochemicals – i.e. components derived from oil and gas used in daily products like plastics, clothing and detergents – are to account for more than a third of growth to 2030

INEOS to invest €2.7bn in two chemical plants in Europe

The ethane ‘cracker’ is expected to be one of the most efficient and environmentally friendly facilities

France’s Total invests $1.7bn in Texas petrochemicals

Texas is launching a $1.7 billion (£1.3bn) petrochemical joint venture in Texas as it wants to profit from the “business-friendly environment” in the US. It plans to build a one million ton per year ethane steam cracker in Port Arthur and a new polyethylene unit on the US Gulf Coast – chemicals used for plastics […]

Qatar plans petrochemicals complex with Shell

Qatar has agreed provisional plans with Royal Dutch Shell to build a petrochemicals “complex” in the Middle Eastern country’s Ras Laffan Industrial City. The scheme, which Shell’s chief executive Peter Voser said would be “a world-scale petrochemicals project” will mainly target its products at growing Asian markets. Qatar’s energy minister, His Excellency Dr Mohammed bin […]

Sterling hires MacAskill as chief executive

Sterling Energy has appointed oil industry veteran Angus MacAskill as its chief executive and a company director. Sterling is a London-listed oil and gas company with exploration and production activities in Africa and the Middle East. Mr MacAskill has worked for Mobil Oil, Enterprise Oil, Elixir Petroleum and latterly was chief executive of Emerald Energy. […]