The COVID-19 pandemic has delayed two large petrochemical projects planned for the US. Daelim Chemical has pulled out of an ethylene cracker project in Ohio that it had been developing with the Thai firm PTT Global Chemical.
PTT says the project continues to be a top priority and that it will seek a new partner while working toward a final investment decision late this year or early next year. PTT acknowledges that the combination of the pandemic and oil price volatility have delayed the timeline for developing the plant by 6–9 months. PTT has been pursuing the project since at least 2015, when its partner was the Japanese trading firm Marubeni.
Meanwhile, Chevron Phillips Chemical cites the pandemic for delaying a final investment decision on an $8 billion petrochemical facility it is considering building on the US Gulf Coast with Qatar Petroleum. The firms had intended to make the call on the plant next year. Chevron Phillips says it continues front-end engineering design.
By: Michael McCoy
Source: C&EN
PepsiCo Europe and crop nutrition company Yara have announced a long-term partnership aimed at providing European farmers with low-carbon crop nutrition solutions to help decarbonise the food value chain. Under the agreement, Yara will supply PepsiCo with up to 165,000 tons of fertiliser per year by 2030, covering around 25% of the food and beverage giant’s crop fertiliser needs across Europe.
BASF has signed an agreement to sell its flocculants business for mining applications to Solenis, a specialty chemicals manufacturer. The divestment of the flocculants business to Solenis is part of BASF’s ongoing portfolio optimisation with the aim of focusing on strategic core areas.
ADAMA Ltd. a leading crop protection company, announced that its board of directors has appointed Gaël Hili as its President and Chief Executive Officer, effective October 1, 2024. Hili will join the Syngenta Group Leadership Team and will be based in Tel Aviv.
