- In August 2023, Chevron Phillips Chemical Company (CPChem) produced benzene toluene xylene (BTX) at its Sweeny, Texas plant. BTX is classified as a Hazardous Air Pollutant (HAP) and is known to emit Volatile Organic Compounds (VOC)
- In 2023, Reliance Industries Limited (RIL) chose to keep its prices for Mixed Xylene (MX) stable in the Indian domestic market. With a base price of INR 78/kg (~USD 1/kg), it is anticipated that demand in the Indian market will continue to grow
- In March 2023, Saudi Aramco announced plans to construct a USD 10 billion oil refinery and petrochemical complex in China. The facility is set to have a crude oil processing capacity of 300,000 barrels per day, with Aramco supplying 201,000 barrels per day. In addition, the complex will include a petrochemical plant capable of producing 1.65 million tons of ethylene and 2 million tons of paraxylene annually
- In March 2022, INEOS Aromatics invested USD 70 million to modernize its purified terephthalic acid (PTA) plant in Merak, Indonesia. This upgrade boosted the plant’s capacity by 15%, increasing it from 500,000 tons to 575,000 tons per year, while also reducing CO2 emissions by 15% per ton
- In April 2021, Tecnimont Private Limited was awarded an EPCC contract by Indian Oil Corporation Limited (IOCL) to build an integrated paraxylene (PX) and purified terephthalic acid (PTA) plant in Paradip, Odisha, at an investment of USD 450 million. The new petrochemical complex, set to be completed by 2024, will have an annual capacity of 800 kilotons of PX, serving as the feedstock for PTA production and will be integrated with IOCL's Jagatsinghpur refinery
