Press Releases

Sinopec has achieved recognition for its efforts in zero carbon initiatives by receiving the "Green Sustainable Development Commitment Award" at the 3rd International Green Zero-Carbon Festival and the ESG Summit in Beijing in July. Sinopec is dedicated to leading green development and industry innovations. The company has made significant progress in green production, green electricity, green packaging, and recycling. By optimizing the production of oil products, Sinopec

Air Products published today its 2024 Sustainability Report – “Generating a Cleaner Future” detailing progress against its existing sustainability goals and announcing new ones; highlighting its clean hydrogen megaprojects around the world; and showcasing how its industrial gases and applications expertise enable customers to improve productivity and reduce environmental impact. The Company’s latest Sustainability Report also provides stakeholders w

The oil and gas market can change at any moment. Unfortunately, infrastructure development takes so long that a good market outlook at the beginning of a greenfield projec t may have completely changed by the time offshore installation is done. It is therefore important for oil and gas companies to have adaptable, low maintenance corrosion solutions to preserve topside and subsea piping and pipelines in case of delayed commissioning from unexpected market drops. Topside and

BASF gives a clear sign towards biotransformation of their Acrylate portfolio and switches their production to bio-based Ethyl Acrylate starting Q4 2024. With a 14C-traceable bio content of 40% according to DIN EN 16640 and a low Product Carbon Footprint bio-based EA from BASF helps customers worldwide to reach their sustainability goals. The product offers a PCF reduction of ~30% compared to fossil-based EA. Additionally to regular bio-based EA, BASF also offers bio-based Ethyl Acrylate

Celanese Corporation a global chemical and specialty materials company, today confirmed that the force majeure declared for acetic acid and vinyl acetate monomer sold in the Western Hemisphere has ended and the underlying supply chain conditions behind the declaration have stabilized.  “We were pleased to be able to meet the product needs of virtually all of our contracted customers during this challenging period by relying on our integrated and flexible supply chain

Origin Materials a technology company with a mission to enable the world’s transition to sustainable materials, and Reed City Group, a full-scale injection mold builder, injection molder, hydraulic press maker, and automation solutions company, announced a strategic partnership to mass produce PET caps and closures in North America. In Reed City Group’s Michigan facilities, the companies will operate Origin PET cap and closure commercial manufacturing lines. The lines wi

Aramco, one of the world’s leading integrated energy and chemicals companies, has signed a definitive agreement to acquire an additional stake of approximately 22.5% in Rabigh Refining and Petrochemical Co the refining and petrochemical complex located on the Kingdom of Saudi Arabia’s west coast, from Sumitomo Chemical for $702 million. Aramco and Tokyo-headquartered Sumitomo Chemical currently each own 37.5% of shares in Petro Rabigh, which was listed on the Saudi

Driving Decarbonization in America, a series that looks at the different ways that lifecycle carbon emissions in transportation can be reduced, recently showcased a groundbreaking fuel from Chevron. The second episode of the series gives viewers a chance to learn more about renewable gasoline blends, which could reduce a vehicle’s lifecycle carbon dioxide emissions by more than 40%. tell me more Renewable gasoline blends function like the gasoline that

DuPont has been recognized with two 2024 Sustainability Awards from the Business Intelligence Group Sustainability Product of the Year for the first ion exchange resin supporting the production of green hydrogen from water and Sustainability Initiative of the Year for a novel formulation supporting post-etch cleans in semiconductor production.  “At DuPont, sustainability and innovation are intrinsically linked both woven into our commitment to help our customers solve som

Lyten, the supermaterial applications company and global leader in Lithium-Sulfur battery technology, and AEVEX Aerospace, a US leader in airborne intelligence solutions, today announced they have established a partnership to demonstrate, manufacture and deliver unmanned air vehicles (UAVs) powered by Lithium-Sulfur batteries. The partnership’s goal is to deliver lighter-weight and longer-range UAVs that are also the first to be fully compliant with the 2024 National Defense Authorizati

Huntsman Corporation is pleased to announce that Jan Buberl has been appointed President of the Performance Products Division effective August 1, 2024. Upon announcing Jan's appointment, Huntsman Chairman, President and CEO Peter Huntsman stated: "I am excited for Jan to assume leadership of our Performance Products Division and join the Huntsman executive leadership team. He brings to the role deep global experience and a track record of success at Huntsman and previous co

Company delivers strong performance as key milestones advance long-term growth strategy Net income: $29.1 billion (Q2) / $56.3 billion (H1) Cash flow from operating activities: $31.1 billion (Q2) / $64.7 billion (H1) Free cash flow1: $19.0 billion (Q2) / $41.7 billion (H1) Gearing ratio1: -0.5% as at June 30, 2024 compared to -6.3% at December 31, 2023 Q2 2024 base dividend of $20.3 billion and performance-linked dividend distribut