PETROCHEMICALS

New global alliance commits over $1bn to help end plastic waste in the environment
An alliance of global companies from the plastics and consumer goods value chain launched a new organisation to advance solutions to eliminate plastic waste in the environment, especially in the ocean.
INEOS selects Antwerp as the location for the first cracker to be built in Europe in 20 years
The $3.42bn investment will be the biggest ever made by INEOS and is first cracker to be built in Europe in 20 years.
Aramco plans to sell $10bn international bond to support SABIC acquisition
Saudi Aramco is in negotiations to buy 70% of SABIC from the kingdom’s Public Investment Fund, which will cost about $70bn.
Airports Authority of India bans single-use plastic items at its airports
Being an environmentally conscious public sector enterprise and for underlining its commitment towards its corporate social responsibility, Airports Authority of India (AAI) has decided to make its airports plastic free by banning the use of single-use plastic items at its airports across the country.
Partial US government shutdown pauses Tronox-Cristal antitrust remedy discussions with Federal Trade Commission
Tronox commented on the status of its ongoing discussions with the Federal Trade Commission (FTC) seeking approval of a proposed remedy related to the acquisition of the titanium dioxide (TiO2) business of The National Titanium Dioxide Company Limited (Cristal).
Sphera acquires Petrotechnics to offer complete end-to-end operational risk solutions
Sphera, the largest global provider of integrated risk management software and information services with a focus on operational risk, environmental health and safety, and product stewardship, has announced the acquisition of Petrotechnics, a leading global provider of operational risk software for hazardous industries.

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