Press Releases

Only three months after coming on stream Johan Castberg is producing at peak capacity of 220,000 barrels of oil per day. This increases energy deliveries from the Barents Sea by 150%. The early operation phase has gone according to plan, the field reaching plateau production on 17 June. Seventeen of a total of 30 wells have been completed. The wells that have come on stream are producing as expected. "Johan Castberg represents a gamechanger for the importance of the B

Continuing their sustainability mission, Coldplay are re-releasing all of their albums as clear 140g EcoRecords made from recycled plastic bottles, produced using injection-moulding technology which reduces carbon emissions during manufacture by an impressive 85% compared with traditional vinyl production. An EcoRecord sounds and looks as great as a traditional vinyl record, but it has been manufactured using 100% recycled polyethylene terephthalate (PET), a lightweight and durable

This update follows previous articles and provides an update on the project's progress and key developments. The actions described in our March 2024 update have been successful and remain in place. Construction Status Update status end of year 2024 The Kallo PDH2 project made significant progress in 2024, reaching more than 90% completion. In 2025, we expect that the remaining construction activities will be completed and all systems for the PDH plant

INEOS Phenol, the world's largest producer of phenol and acetone, announced today its intention to permanently stop production at their site in Gladbeck, Germany. Sky high European energy costs alongside Europe’s punitive CO2 tax policy have combined to leave Europe uncompetitive against imported Chinese production and a global oversupply. After carrying out a detailed strategic review, the business intends to permanently exit the Gladbeck site at a date to be confirmed. E

At K 2025 in Düsseldorf this October, Covestro will showcase innovative material solutions to address some of the greatest challenges of our time. During the world's largest trade fair for plastics and rubber, the company will highlight under the guiding idea "The Material Effect" how transformative, sustainable solutions are made possible through materials. The more than 20 innovation stories that Covestro presents at its booth are closely linked to this guiding

Westlake Corporation announced today that Westlake Epoxy will collaborate with Alpha Recyclage Composites to support them in scaling up the recycling capacity for carbon fiber composite materials. This collaboration will provide support to Westlake’s composite customers in their development of improved circular options for both production (scrap or off spec composite materials that otherwise become waste) and end-of-life waste. The recovery of the carbon fibers from composite mater

Sumitomo Chemical has successfully established mass production technology for liquid crystal polymer (LCP) using a monomer derived from biomass materials. As a global leader in the LCP market, the Company will accelerate the development of a mass production system for bio-based LCP leveraging this technology, aiming to obtain customer certification by the end of fiscal 2026 and to begin supplying the product from fiscal 2027. LCP is a type of super engineering plastic that excels in

The Chemours Company, a global chemistry company, announced the appointment of Nathan Blom as Vice President of its liquid cooling portfolio, effective June 9, 2025. With Blom’s wealth of technology and data center experience, his addition reinforces Chemours’ commitment to driving near- and long-term growth in the liquid cooling market. Bringing over two decades of experience in executive leadership, business transformation, and go-to-market strategy across the technolo

Recently, Wanhua Chemical Battery Technology Co., Ltd. (hereinafter referred to as “Wanhua Chemical”) and ElevenEs, a leading European manufacturer of lithium iron phosphate (LFP) batteries, successfully signed a Memorandum of Understanding (MOU) in Meishan, Sichuan. Mr. Wang Xiaoxing, General Manager of Wanhua Chemical Battery Technology Co., Ltd., and Mr. Nemanja Mika c, Founder and CEO of ElevenEs, attended the signing ceremony. This collaboration aims to establish a comprehens

LyondellBasell (LYB) today announced that it has entered into an agreement and exclusive negotiations with AEQUITA for the sale of select olefins & polyolefins assets and the associated business in Europe. The sites to be sold have been part of the previously announced European strategic assessment and are located in Berre (France), Münchsmünster (Germany), Carrington (UK), and Tarragona (Spain). “This contemplated transaction is a significant step in LYB’s

ClearSign Technologies Corporation an emerging leader in industrial combustion and sensing technologies that support decarbonization, improve operational and energy efficiency, enable the use of hydrogen as a fuel and enhance safety while dramatically reducing emissions, announces that the Company has received a purchase order for a 500HP boiler burner from Rogue Combustion, a subsidiary of California Boiler. "We are pleased to provide another advanced low emissions soluti

Nexam Chemical today announces that a new and to date the largest volume customer within Reactive Recycling® has now started full commercial production and is purchasing the company’s additives at full scale. This marks a key milestone in the growing traction for Nexam Chemical’s technology within the packaging industry – with several other customers expected to follow suit in the near future. The customer produces packaging based on mechanical recycling and us