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bp agrees to sell its petrochemicals business to INEOS

$5 billion deal for bp’s global aromatics, acetyls and related businesses


bp announced that it has agreed to sell its global petrochemicals businessto INEOS for a total consideration of $5 billion, subject to customaryadjustments. The agreed sale, the next strategic step in reinventing bp, willfurther strengthen bp’s balance sheet and delivers its target for ...


ALPLA joins cross-industry consortium for chemical recycling

Innovative technology enables circularity for difficult-to-recycle PET plastic waste


ALPLA Group joins a new consortium for chemical recycling of PET. The consortium intends to speed up the commercialisation of enhanced recycling technology, BP Infinia, which turns opaque and difficult-to-recycle PET plastic waste into recycled feedstocks.Leading companies operating across the ...


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Industrial consortium on the way to green kerosene

Industrial-scale power-to-liquid plant planned


A funding application for the construction of an industrial demonstration plant has been agreed by a partnership of major companies as part of a memorandum of understanding entitled “GreenPower2Jet” (GP2J). The aim of the project, after successful pre-engineering, is to build an industrial-scale ...


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BP, Nouryon and Port of Rotterdam partner on green hydrogen study


BP, Nouryon (formerly AkzoNobel Specialty Chemicals), and the Port of Rotterdam have joined forces to explore the opportunity of making ‘green hydrogen’ via water electrolysis for BP’s refinery in Rotterdam, the Netherlands, which has the potential for significant reductions in CO2 emissions. The ...


BP Pledges $100 Million to UK-Led Universities to Create Industry-Changing Materials


BP is to establish a $100 million international research centre, known as the BP International Centre for Advanced Materials, or BP-ICAM. This centre will lead research aimed at advancing the fundamental understanding and use of materials across a variety of industrial applications. The BP-ICAM ...


BP Board Appointment


The board of BP p.l.c. announced that Andrew Shilston will join the Board as a non-executive director with effect from 1st January 2012. Andrew Shilston is currently chief financial officer at Rolls-Royce Holdings plc. Carl-Henric Svanberg, chairman of BP, said: “We continue to strengthen the ...


ABB signs $33 million maintenance and service frame agreement with BP Norway


ABB signed a three-year frame agreement worth $33 million with BP Norway for maintenance, modification and service of the safety and automation systems of all of its oil field operations on the Norwegian continental shelf. The agreement signed in the third quarter includes the option to extend ...


BP and JBF Group Agree to Build New Co-located PET Facility in Geel, Belgium


BP has entered into agreements with JBF RAK LLC under which JBF RAK LLC is to build a new 390,000 tonne per year polyethylene terephthalate (PET) production unit in Geel, Belgium, subject to required approvals. The agreements provide JBF rights to build and operate this PET unit on BP’s existing ...


hte helps BP accelerate commercialisation of Fischer-Tropsch process


hte extends its collaboration with BP International Ltd. in the field of Fischer-Tropsch synthesis. The BP Conversion Technology Centre is continuing to work with hte in the field of Fischer-Tropsch catalysis and process. The Fischer-Tropsch process is used to convert syngas into synthetic fuels ...


Rosneft and BP Form Global and Arctic Strategic Alliance


BP and Rosneft announced that they have agreed a groundbreaking strategic global alliance. Rosneft and BP have agreed to explore and develop three license blocks - EPNZ 1,2,3 – on the Russian Arctic continental shelf. These licences were awarded to Rosneft in 2010 and cover approximately ...


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