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Shell back in black in Q1

Borealis to Boost Supply of Chemically Recycled Plastic Feedstocks


Image courtesy of Borealis
The company is launching a feasibility study for a chemical recycling unit at its Stenungsund, Sweden production site.
Polyolefin solutions firm Borealis recently launched a feasibility study to examine the potential of a project to add a chemical recycling unit at its Stenungsund, Sweden production site in collaboration with partner Stena Recycling. Funding for the construction of the asset will be provided through a grant from the Swedish Energy Agency.
“The project we’re carrying out together with Borealis at Sweden’s first plastic recycling hub is a very exciting and important step in increasing the proportion of recycled plastic.” Martin Leander, head of commodities for Stena Recycling, said in a Borealis release. “Through this cooperation, we can contribute to increased material recycling and reduced climate impact by chemically recycling plastic waste that is currently incinerated. Plastic is an imp ....

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Marathon Petroleum Corp. Names Brian C. Davis as Chief Commercial Officer


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FINDLAY, Ohio, Feb. 1, 2021 /PRNewswire/  Marathon Petroleum Corporation (NYSE: MPC) announced today that Brian C. Davis has joined the company as Executive Vice President and Chief Commercial Officer. In this role, Mr. Davis will be responsible for leading all commercial business activities across MPC s integrated value chain and will report to President and Chief Executive Officer Michael J. Hennigan.
Brian s extensive commercial experience, recent deep background in renewables and alternative energy, and track record of developing and enhancing capabilities is highly complementary to our strategic focus on improving our commercial performance, said Hennigan. The addition of Brian to our leadership team is a significant step toward maximizing the value of our integrated system and accelerating our go-forward growth strategy. ....

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Technavio Research: Global Polyolefin Market Value to Increase by $70.6 Billion Between 2020-2024 | 29% Growth to Originate From APAC


Technavio Research: Global Polyolefin Market Value to Increase by $70.6 Billion Between 2020-2024 | 29% Growth to Originate From APAC | Technavio
Arkema SA, Borealis AG, and Exxon Mobil Corp. will emerge as major polyolefin market participants during 2020-2024
The polyolefin market is expected to grow by USD 70.60 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the polyolefin market in optimistic, probable, and pessimistic forecast scenarios.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201210005680/en/
Technavio has announced its latest market research report titled Global Polyolefin Market 2020-2024 (Graphic: Business Wire). ....

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