- In November 2023, Dow announced an investment of USD 8.9 billion for the development of a net-zero petrochemical plant project in Alberta's Industrial Heartland, Canada. The facility is expected to produce approximately 3 million tons of low-emission ethylene and polyethylene derivatives, with construction planned to begin in 2024
- In July 2023, SABIC launched its new PCR-based NORYLTM portfolio, which incorporates bio-based and recycled materials into petrochemical products to help reduce the carbon footprint and contribute to a more eco-friendly chemical industry
- In July 2023, ExxonMobil Corporation announced its agreement to acquire Denbury Inc. to strengthen its carbon capture and storage (CCS) capabilities, aimed at reducing carbon emissions in the petrochemical and energy sectors
- In May 2023, Dow Corporate partnered with New Energy Blue to develop bio-based ethylene using renewable agricultural residues. This approach is part of Dow’s initiative to create a sustainable method for producing plastic
- In April 2023, INEOS Group Ltd. completed the acquisition of Mitsui Phenols Singapore Ltd., enhancing its production capacity for petrochemical products such as acetone, cumene, bisphenol A (BPA), phenol, and alpha-methylstyrene
