Lummus Technology and Sumitomo Chemical launch commercial PMMA chemical recycling technology, enabling closed-loop production, lower emissions, and scalable circular plastics manufacturing.
Borouge posts a remarkable $1.1 billion net profit in 2025, driven by record production, strong demand, high-value products, and industry-leading EBITDA margins.
SOHAR Port and Freezone secures a $550 million PTA PET complex, reinforcing Oman’s industrial diversification, export capacity, and role as a globally competitive petrochemical hub.
Technip Energies wins a strategic EPCC contract from BPCL for new polypropylene and butene-1 plants at the Bina refinery, reinforcing India’s petrochemical growth.
Toray Industries unveils an energy saving bioreactor technology that cuts chemical conversion energy use by up to ninety percent while improving safety and sustainability.
A weak PET market continues to pressure the Europe MEG market, as cautious buyers, rising imports, and trade uncertainty reshape demand, pricing, and contract strategies for 2026.
