Chemicals

FMC to launch restructuring plan, targets plant closures and Asia cost cuts

The agrichemicals firm is a key player in the insecticide and fungicide market

Nouryon was looking to push out its debt maturities by more than two years from April 2028, but shelved the deal amid concerns about higher costs in the chemicals sector.

GIC, Carlyle-backed chemicals firm Nouryon shelves US$5.8 billion loan amid investor unease

Moody’s cuts Nouryon’s Q4 estimates amid macro uncertainty and weak demand in construction markets

“The upgraded SBM pipeline is projected to provide more than 20 years of reliable service,” Aster Chemicals said.

Aster Chemicals invests US$125 million in mooring, pipeline works for Singapore refinery

[SINGAPORE] Singapore’s Aster Chemicals and Energy is investing US$125 million to upgrade its single buoy mooring and pipeline infrastructure near Bukom refinery, the company said on Tuesday (Sep 30).

China produces most of its own coal, and imports most of its oil.

China’s chemicals makers reap reward of shift from oil to coal

Beijing’s goal of peaking emissions by the end of the decade is likely to have a sharper focus in the next five-year plan due early in 2026

The export follows a force majeure last Thursday (Aug 28) by plant operator Aster Chemicals and Energy on products derived from its naphtha cracker.

Bukom refinery exports rare naphtha cargo: sources

[SINGAPORE] Singapore’s Bukom refinery has exported its first naphtha cargo in years following a longer-than-expected outage at its cracker, according to three sources with knowledge of the matter and...

Singapore is a major refining and petrochemical hub in Asia, with companies such as Shell, ExxonMobil, and Aster operating complex facilities on Bukom Island (above) and Jurong Island.

Aster outage may ripple across Singapore’s petrochemical sector

The Chandra Asri-Glencore-owned firm is the Republic’s sole producer of ethylene glycol and styrene monomer

Aster attributed the force majeure to an “unforeseen event” at its ethylene cracker complex, which has been under planned maintenance since Aug 1.

Aster Chemicals declares force majeure at Singapore naphtha cracker: sources

[SINGAPORE] Singapore’s Aster Chemicals and Energy has declared force majeure on petrochemical supplies from its naphtha cracker on Bukom island, according to a letter seen by Reuters and sources with...

Managing director Chew Chin Seong (second row, centre) with Maha Asia's team in front of a warehouse bearing the company's new logo.
ENTERPRISE 50

Building chemistry with partners in Asia

Maha Asia’s rebranding reflects its regional ambitions and the broadening of its focus towards sustainability

Coal use in the sector as a fuel and feedstock rose 20% in the first six months of the year, on top of a 10% increase last year.

China emissions fall while chemicals emerge as new hotspot

Coal-based chemical processes are more polluting than ones using traditional petroleum-based feedstocks