Press Releases

bp today provides an update following its significant hydrocarbon discovery at the Bumerangue block, located in the pre-salt Santos Basin, offshore Brazil.  Following the announcement of the discovery in August, initial laboratory and pressure gradient analysis has confirmed the presence of a ~1,000 metre gross hydrocarbon column including a ~100 metre gross oil column and a ~900 metre gross liquids rich gas-condensate column.  Given the presence of liquids across the enti

LyondellBasell, a leader in the global chemical industry, has introduced Pro-fax EP410C, a new polypropylene grade designed to meet the evolving needs of packaging and industrial manufacturers.   “This new grade is a direct response to what our customers need most — versatility, strength and durability,” said Derek Dever, LYB commercial manager. “Pro-fax EP410C empowers manufacturers to push boundaries in packaging and industrial design.” 

PIF and Aramco today announced the signing of a non-binding term sheet outlining the key terms for Aramco to acquire a significant minority stake in HUMAIN, a PIF company, advancing a full range of AI capabilities globally. PIF and Aramco would contribute AI assets, capabilities and talent into HUMAIN, with PIF and Aramco as its shareholders. PIF would continue to own the majority of HUMAIN. The intention is to enable the rapid scaling up of HUMAIN’s operations to capture valu

PT Polytama Propindo (Polytama), a leading Indonesian polypropylene producer, and diversified global manufacturer Milliken & Company announce the launch of Indonesia's first UL-validated polypropylene resin specifically in Thin Wall Injection Molding (TWIM) grade, Masplene® MAS9475. By carrying the UL Environmental Claim Validation (ECV) label, Masplene® MAS9475 leverages Milliken Hyperform® HPN technology to deliver tangible energy savings at the converters of 5% to 8% wh

Uluu has raised AU$16 million in Series A funding to build a demonstration plant and scale its technology transforming seaweed into a natural alternative to plastic to industrial production. The round was led by German growth investor Burda Principal Investments with support from Main Sequence, Novel Investments (the family office of one of the world's largest textile groups), Startmate, and a consortium of leading impact and family investors including Fairground and Trinity Ven

Celanese a global chemical and specialty materials company, today announced to its employees and local union representatives its intent to cease operations at its acetate tow facility in Lanaken during the second half of 2026. Celanese plans to now commence the formal information and consultation process with the local union representatives. Acetate tow has faced challenging conditions, including declining demand and growing uncertainty in the regulatory environment. The intended cl

LyondellBasell today announced that it has entered into a distribution agreement designating Polysaf Ltd., part of Tosaf Group, as its non-exclusive authorized distributor in Israel, effective Oct. 1, 2025. This collaboration reflects the LYB commitment to providing a high level of service and support to its customers in the Israeli market. Under this new agreement, Polysaf Ltd., part of Tosaf Group, will serve as the primary point of contact for customers in Israel, with limited ex

Eni and the Bioenergy Association for Sustainable Development, affiliated with the Ministry of Environment of the Arab Republic of Egypt, signed in Cairo today a cooperation agreement to prepare a comprehensive feasibility study for establishing biogas production units based on the treatment of animal and agricultural waste. The signing ceremony took place in the presence of Eng. Karim Badawi, Minister of Petroleum and Mineral Resources, and Dr. Manal Awad, Minister of Local Development and A

Evonik utilized the shutdown of the methionine facilities in September and October at its Antwerp production site to modernize the logistics infrastructure for MetAMINO® (DL-methionine). A new filling installation and an expanded storage area for big bags increase Evonik’s flexibility to provide customers with their preferred packaging. The updates improve occupational safety and contribute to global supply security for MetAMINO®. “We see an increasing demand for

ROTTERDAM, Netherlands, Oct 20, 2025, LyondellBasell (LYB) is enhancing its high -quality standards for mechanically recycled materials through investments in their R&D capabilities. One example is at the innovation Center in Frankfurt where LYB is strengthening its efforts in the development of advanced sorting, decontamination and compounding technologies as well as advanced analytics of post-consumer recyclates under near industrial conditions. Advanced sorting, decon

Avantium N.V., a leader in renewable and circular polymer materials, announces that it has signed Memoranda of Understanding with Tereos, a global leader in sugar, starch, alcohol and bioethanol production, and with LVMH GAÏA, the scientific and environmental R&D division of LVMH Moet Hennessy - Louis Vuitton, the world leader in luxury. Together, the parties will establish a strategic collaboration to accelerate the industrial-scale production of PEF (polyethylene furanoate), Avanti

RecyClass has approved that Multilayer Films containing Mitsubishi Chemical’s SoarnoL™ ethylene-vinyl alcohol copolymer (EVOH) resins are fully compatible with Polyethylene (PE) flexibles recycling. These approval letters apply to multi-layer PE films containing ≤10 weight percent (wt%) SoarnoL™, and to multi-layer PE films containing up to 3 wt% Soaresin™, which is a special recycling compatibilizer designed for use in EVOH multi-layer packaging.