The downturn in petrochemicals continues to hit Europe hard, as two of the continent’s largest petrochemical makers—ExxonMobil and Sabic—disclosed their intention to shutter ethylene plants.

Higher energy prices in Europe have played a role in ExxonMobil Corp. and Sabic closing units making the plastic feedstock ethylene and some resins in that region. Houston-based ExxonMobil is ...

Union Pacific Railroad today announced that 137 companies are winners of the 2023 Pinnacle Award for their dedication and commitment to safely transpo ...

Saudi Arabia’s top chemicals company reported a 62% drop in year-on-year profit as weak demand puts the industry under stress ...

In a Trucircle collaboration project with Jessa Hospital, Belgium, SABIC says it has successfully achieved an important step towards creating circular polymers based on advanced recycling of used ...

HOUSTON, April 22, 2024 /PRNewswire/ -- KBR (NYSE: KBR) announced today it has been awarded a contract by SABIC Fujian Petrochemicals to license KBR's market-leading phenol technology in China.

Saudi Basic Industries Corp. (SABIC) will hold a press conference on May 1 to discuss the company’s performance and financial results for Q1 2024. Analysts expect SABIC to record a net profit of SAR ...

US supermajor ExxonMobil is continuing wildcatting activities in the Stabroek block offshore Guyana, and this time the company is diving into deeper territory than in previous exploration ...