Olefins and polyolefins giant LyondellBasell (LYB) has become the latest multinational chemical company to announce plans to pull out of Russia partly or altogether. The...

French petrochemicals, plastics and energy group TotalEnergies has taken a $4.1 billion writedown on its flagship Russian gas exploration project and is seen to have...

“In light of the war of aggression against Ukraine ordered by the Russian government,” BASF announced has on Apr. 27 that it has decided to wind down all of its remaining...

Henkel has now decided to pull out of Russia, due to the country’s invasion of Ukraine. The German consumer chemicals producer said, however, it would keep paying its 2...

UN Secretary-General Antonio Guterres has criticized Western governments’ race to replace Russian oil, gas and coal imports with “any available alternate fossil-based...

Chinese oil and petrochemicals giant Sinopec is planning what it says is its highest capital spending budget in corporate history for 2022 after posting its highest...

TotalEnergies announced on Mar. 22 that it would stop buying Russian oil by the end of 2022 and refrain from concluding any new investment projects in the country. A day...

Another European chemicals deal has been torpedoed by the Russian invasion of Ukraine. Borealis has announced it will not go ahead with plans to sell its nitrogen...