Sinopec NZRCC will license Lummus' Novolen process technology for a new polypropylene plant in Ningbo, China, with a capacity of 500,000 tons per annum.
Lundin Energy will be changing its name to Orrön Energy as part of the transition to a renewables-focused business, following the combination of its oil and gas business with Aker BP.
The company generated an average third-quarter production of 3,043 barrels of oil equivalent per day, representing a 181 percent year-over-year increase.
'This investment in NATPET reflects our commitment to grow and upgrade our core businesses and strengthen our presence in Saudi Arabia through a new long-term partnership'.