Euro-Chemicals B.V.

Chemical Management

ExxonMobil | January 12, 2022

ExxonMobil is expanding its interests in biofuels that can help reduce greenhouse gas emissions in the transportation sector, acquiring a 49.9% stake in Biojet AS, a Norwegian biofuels company that plans to convert forestry and wood-based construction waste into lower-emissions biofuels and biofuel components. Biojet AS plans to develop up to five facilities to produce the biofuels and biofuel components. The company anticipates commercial production to begin in 2025 at a manufact...

Chemical Management

Six Pines | December 17, 2021

Six Pines Investments LLC, a wholly-owned, sustainable investment subsidiary of Chevron Phillips Chemical Company LLC announced its equity investment in two leading circular plastics recyclers, Nexus Circular LLC and Mura Technology Ltd. In October 2020, CPChem announced success in its first commercial scale production of polyethylene using advanced recycling technology. The company markets its new circular polyethylene under the name Marlex® Anew™ Circular Polyethylene ...

Chemical Technology

Laredo Petroleum, Inc. | August 18, 2022

Laredo Petroleum, Inc. announced the signing of a purchase and sale agreement to divest certain non-operated properties in Howard County for $110 million, subject to customary closing price adjustments. The transaction is expected to close in October 2022, with an effective date of August 1, 2022. The non-operated assets comprise ~1,650 net acres and have expected full-year 2023 average net production of ~1,800 BOEPD. The Company plans to adjust production guidance post the closin...

Rigzone | February 26, 2020

The American Chemistry Council (ACC) reported Tuesday that one of its economic indicators suggests a growth trend for the broader U.S. economy for much of this year. “The CAB signals gains in U.S. commerce into the fourth quarter of 2020,” ACC Chief Economist Kevin Swift commented in a written statement, referencing the organization’s Chemical Activity Barometer (CAB). According to ACC, the CAB stems from a composite index of chemical industry activity and comprises four main c...