Positive Industry News and Events
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Dow and MEGlobal expand strategic ethylene supply agreement
Deal provides additional value to Dow and MEGlobal Agreement locks an additional equivalent to 100 KTA of ethylene supply at attractive economics for both parties MIDLAND, MI – October 1, 2025 – Dow (NYSE: DOW) and MEGlobal, a global leader in the manufacture and marketing of ethylene glycol (EG) products, have finalized an agreement for… More
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Flint Hills Resources becomes first Texas oil refinery to add onsite solar energy with commissioning of new $53M project
27-megawatt solar complex is the company’s second large-scale refinery integrated solar installation in U.S. Corpus Christi, Texas – Flint Hills Resources gathered with project partners, employees, community members, and local officials today to mark the commissioning of a new, fully operational 27-megawatt solar installation that provides power to the company’s Corpus Christi West refinery. With… More
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Berkshire Hathaway Inc. to Acquire OxyChem for $9.7 Billion
OMAHA and HOUSTON, October 2, 2025 – Berkshire Hathaway (NYSE: BRK) and Occidental (NYSE: OXY) today announced a definitive agreement for Berkshire Hathaway to acquire Occidental’s chemical business, OxyChem, in an all-cash transaction for $9.7 billion, subject to customary purchase price adjustments. OxyChem is a global manufacturer of commodity chemicals vital to quality of life,… More
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Ketjen Completes Expansion of its Bayport ZSM-5 Facility
Bayport, September 17, 2025 – Ketjen Corporation proudly marked the official inauguration and ribbon-cutting of its newly expanded ZSM-5 manufacturing plant in Bayport, Texas. The ceremony was attended by a distinguished gathering of customers, local officials, and industry representatives all joining Ketjen executives to celebrate this milestone investment. This major expansion, the largest in Ketjen’s… More
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Woodside Energy Celebrates Progress on $17.5 Billion Louisiana LNG Project
Louisiana, USA — Woodside Energy today celebrated the rapid progress in developing the $17.5 billion Louisiana LNG Project at a groundbreaking ceremony attended by leaders from the local community and state and federal governments. Since announcing a final investment decision (FID) on the project on 29 April 2025, the construction workforce has ramped up to… More
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$1.4 Billion Acquisition: Phillips 66 announces agreement to purchase remaining interest in WRB Refining LP
HOUSTON–(BUSINESS WIRE)– Phillips 66 (NYSE: PSX) announced today that it has entered into a definitive agreement to acquire the remaining 50% ownership interest in WRB Refining LP from subsidiaries of Cenovus Energy Inc. for total cash consideration of $1.4 billion, subject to customary purchase price adjustments. WRB Refining LP is a 50/50 joint venture between… More
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ExxonMobil makes Final Investment Decision for a major reconfiguration project in Baytown, Texas
ExxonMobil makes Final Investment Decision for a major reconfiguration project, increasing production of higher-demand products like base stocks and diesel. Will position ExxonMobil as the only supplier offering the full range of Group I-V base stocks, helping to meet demand for premium lubricants. High-value products grow profitability, showcasing how deeply integrated facilities and unmatched scale… More
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Commonwealth LNG Awards EPC Contract to Technip Energies
HOUSTON – August 4, 2025 – Commonwealth LNG announced today it has contracted Technip Energies to provide engineering, procurement and construction (EPC) services for Commonwealth’s 9.5 million tonnes per annum LNG facility under development in Cameron Parish, Louisiana. Technip Energies is a world leader in modular engineering, design and delivery of LNG projects. The company… More
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Sempra Infrastructure and JERA Announce Sale and Purchase Agreement for U.S. LNG from Port Arthur LNG Phase 2
HOUSTON, July 31, 2025 — Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE), and JERA Co., Inc. (JERA) today announced a 20-year sale and purchase agreement for the supply of 1.5 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) offtake from the Port Arthur LNG Phase 2 development project in Jefferson County, Texas…. More
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