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Another Oil Giant Lays Off Over 3,000 Employees
According to Reuters, five sources from ConocoPhillips revealed that the company will lay off 20% to 25% of its workforce. Based on its current global workforce, this means 2,600 to 3,250 employees are at risk of losing their jobs. Following the a
Oil Circle -
China Chemical Signs Nearly 100 Billion Yuan in New Deals During SCO Summit
On September 2, during the SCO Council of Heads of State meeting in Tianjin, witnessed jointly by Azerbaijani President Ilham Aliyev and Mo Dingge, Party Secretary and Chairman of China National Chemical Engineering Group Corporation, China National
New Chemical Materials -
Demand Remains Weak, Efficiency Takes the Lead—Analysis of United States (US) Transportation Fuel Consumption Trends and Oil Price Pressures
Conclusion:The U.S. transportation fuel market is undergoing profound structural changes, characterized by three major trends: slowing demand growth, improved energy efficiency, and fuel substitution. More than five years after the pandemic, demand f
Plastmatch Insights Lab -
Hunan Petrochemical: Successful Start-Up on First Attempt
On August 25th, the Refining Department (Area 2) of Hunan Petrochemical officially initiated the process of resuming production after successfully completing maintenance work. At 19:06 on the same day, the unit achieved a successful first oil inject
Olefins and High-End Downstream Products -
Phase I Total Investment of 11 Billion Yuan for 900,000 Tons/Year Propylene Unit
On August 23, the Zhejiang Yuanjin New Material Alkane Resources Comprehensive Utilization Integration Project made new progress. The world’s first 900,000-ton/year propane dehydrogenation (PDH) unit, jointly developed by Zhejiang Yuanjin New
Polyolefin Professional -
PetroChina Dalian Refining and Chemical Integration Project Announced: New 450,000 Tons/Year FDPE and 400,000 Tons/Year PP Units
On August 27, the first public notice of the environmental impact assessment for the land reclamation project of the PetroChina Dalian Petrochemical Branch (Xizhong Island) Refining and Chemical Integration Project was released. 1. Basic I
Plaschain -
Construction Imminent! Xinjiang 800,000-Ton Coal-to-Olefin Project
On August 26th, it was announced that Xinjiang Shanneng Chemical held the groundbreaking meeting for the methanol-to-olefins unit engineering general contract of the Zhungdong Wucaiwan 800,000-ton-per-year coal-to-olefins project, marking the off
Polyolefin Professional -
Guangxi Petrochemical Refining and Chemical Integration Transformation and Upgrade Project Latest Progress Announced! Includes 400,000-Ton EVA Unit
On August 21, the furnace baking work for the ethylene unit cracking furnaces of the Guangxi Petrochemical Refining and Chemical Integration Transformation and Upgrading Project was fully completed, laying a solid foundation for the smooth co
High-performance resins and applications -
Environmental Impact Assessment Acceptance Announcement for Shandong 1 Million Tons/Year PO/TBA/MTBE Integrated Chemical Project
Recently, the Zibo Municipal Bureau of Ecology and Environment announced the acceptance of the Environmental Impact Report for Shandong Ruilin Polymer Materials Co., Ltd.'s 1 million tons/year PO/TBA/MTBE joint chemical production project. Project O
Olefins and High-End Downstream Products -
Profit and Revenue Both Down: PetroChina Acquires for 40 Billion Yuan
On August 26, China National Petroleum Corporation announced its mid-2025 performance. In the first half of the year, both natural gas production and oil and gas equivalent production reached record highs for the same period, achieving operating rev
New Chemical Materials
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Four Major Chemical New Material Giants Sell Off and Shut Down Again!
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Massive Retreat of Japanese and Korean Battery Manufacturers
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Napan Unveils Thermoplastic Composite Three-in-One Power System Solution, Battery Cover Weight Reduced by 67%