Hanwha Group fails to bag stake in Sasol’s Lake Charles Chemical Project South Korea’s Hanwha Group has lost its bid to acquire a 50% stake in South African chemical company Sasol’s ethane cracker project in Lake Charles, Louisiana, U.S.A., local Korean media reported. The South Korean conglomerate reportedly offered more than USD3 billion, which was […]

British specialty chemicals company Croda International Plc announced that construction is underway for their North American Headquarters and Innovation Centre, scheduled for completion before the end of 2020. The sustainable facility, located near Princeton, New Jersey, U.S.A., will bring together commercial and technical teams from across its business areas, enabling Croda to further optimise successful […]

Indian Oil Corporation Ltd. (IOCL), India’s largest refiner and marketer of petroleum products, and Total, a broad energy company with headquarters in Paris, France, are forming a 50-50 joint venture (JV) company that will manufacture and market high-quality bitumen derivatives and specialty products for the growing road-building industry in India. Total is the leading bitumen […]

India’s Reliance Industries Limited (RIL), has surpassed ExxonMobil to become the world’s second largest energy company, after Saudi Aramco, with a market value of USD189 billion. Just this month, RIL, which is controlled by Asia’s richest man and the seventh richest in the world, Mukesh Ambani, closed four deals – including with BP, Google, Qualcomm, […]

Champion adds additional SKUs of Modern Muscle Motor Oils Champion Oil, a major player in development and manufacturing of racing and performance products, announced the unveiling of more SKUs of motor oils specifically formulated to maximize the demands of today’s high-performance street vehicles. The JLM E10 Fuel Treatment JLM Lubricants is proud to unveil the […]

In a major step as they move towards the completion of their 50-50 merger, as defined in the combination agreement announced on 18 December 2019, Peugeot S.A. (Groupe PSA) and Fiat Chrysler Automobiles N.V. (FCA) announced that the corporate name of the new group will be STELLANTIS. STELLANTIS is rooted in the Latin verb “stello” […]

The Saudi Arabian Oil Company (Aramco) said it is reorganising its downstream business to support and enhance integration across the hydrocarbon value chain. Aramco’s downstream operating model will include four commercial business units: Fuels (includes Refining, Trading, Retail and Lubes); Chemicals; Power; and Pipelines, Distribution & Terminals. These business units will be supported by three […]

Jebsen & Jessen Ingredients (JJING), the ingredients business unit of diversified industrial conglomerate, Jebsen & Jessen Group, announced an expanded partnership in Indonesia with leading global chemical company, SONGWON Industrial Group. This follows a successful transition period that started in 2019, as JJING takes on the role of exclusive distributor for SONGWON’s PVC additives and […]

Vietnam National Petroleum Group (Petrolimex) plans to sell 15 million treasury stocks to mobilise capital for investment and to boost liquidity, Petrolimex Chairman Pham Van Thanh announced during the company’s recent annual general meeting of shareholders. The meeting, initially scheduled for April but postponed due to Covid-19, was held virtually via videoconferencing on June 26. […]

British energy major BP announced plans to set up a major new centre for its global business services (GBS) operations in Pune, India. The BP-owned and operated centre, which will provide business processing and advanced analytics capabilities in support of BP businesses worldwide, is expected to begin operations by January 2021. When fully operational, it […]