Market News
Recent Developments:
- In March 2022, Honeywell launched new advancements in technology to boost the production of ethylene from naphtha crackers. Honeywell is a publicly traded, multinational conglomerate corporation headquartered in North Carolina, U.S.
- In October 2021, Dow intends to construct the world's first integrated ethylene cracker and derivatives plant with net-zero carbon emissions. The project will triple Dow's ethylene and polyethylene capacity while retrofitting the business's current assets to emit zero carbon.
- Dow is a materials science company that offers a wide range of products and services, including agricultural films, construction materials, and medical products. The company is headquartered in Michigan, U.S. and has a market cap of US$ 37.601 Bn as of January 2024. In Q4 2023, Dow beat earnings expectations, with reported EPS of US$ 0.43, exceeding expectations of US$ 0.4.
Acquisitions and partnerships
- In April 2022, Lummus Technology and Braskem, a global petrochemical company partnered to license green ethylene technology globally, enabling the production of bioethanol-based chemicals and plastics. This collaboration supports the industry's commitment to a carbon-neutral circular economy.
- Lummus Technology is a leading licensor of proprietary petrochemicals, refining, gasification, and gas processing technologies.
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