Propane News

Recent industry report about Propane company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Propane Market industry experts.

Propane News

  • March 2022: KBR and ExxonMobil Catalysts and Licensing LLC ("ExxonMobil") will collaborate to bring significant advancements to propane dehydrogenation (PDH) technology. Under the collaboration, ExxonMobil's new proprietary catalyst technology will be combined with KBR's proprietary K-PRO Propane Dehydrogenation (PDH) technology to convert propane into propylene.
  • October 2021: Suburban Propane Partners LP announced the extension of its 2020 agreement with U-Haul to provide eco-friendly and renewable propane in California.
download-icon Get full market coverage in this industry
Download PDF
  • December 2022: Yingde Gases announced the completion of the purchase of a 100% share in Shanghai Nanhua Industrial Gas Company Ltd. Yingde Gases' first packaged gas purchase boosted the group's impact in industrial packaged gas and medical oxygen. The purchase is a step forward in the organization's strategic packaged-gas strategy, indicating the group's entry into the market of packaged gas.
  • July 2022: Yingde Gases Group announced its collaboration agreement with China Hydrogen, through which the two companies will jointly invest in and establish green hydrogen and green ammonia facilities in Ordos, Inner Mongolia, which will be Yingde Gases' first green ammonia project.
  • December 2022: Air Products announced that it had signed an agreement with Saudi Ground Services (SGS) to demonstrate Hydrogen for Mobility at Dammam Airport, Saudi Arabia. Saudi Ground Services provides a wide range of ground handling services throughout the entire network of airlines in Saudi Arabia, from passenger services and baggage handling to fleet solutions and cargo services.
  • January 2022: Air Products completed the acquisition of Air Liquide's industrial merchant gases business in the United Arab Emirates, which includes liquid bulk, packaged gases, and specialty gases, and also acquired Air Liquide's majority share in Middle East Carbon Dioxide W.L.L. (MECD), for a liquid carbon dioxide production facility in Bahrain.
  • February 2023: Linde announced a long-term arrangement with OCI to supply clean hydrogen and other industrial gases to the company's new world-scale blue ammonia factory in Beaumont, Texas. Linde will construct, own, and manage an on-site complex that will supply OCI's 1.1 million tons of blue ammonia production with clean hydrogen and nitrogen per year. Linde will provide clean hydrogen to OCI by sequestering more than 1.7 million tons of CO2 emissions yearly.
  • February 2023: Air Products (a major gas separation and purification membrane producer) introduced its new product- PRISM InertPro Nitrogen Membrane System- at the Middle East Oil and Gas Show in Bahrain. The PRISM InertPro is a new nitrogen membrane system for the energy and oil and gas industry that is based on an innovative, flexible modular platform providing nitrogen systems exhibiting world-class efficiencies.
  • July 2022: Maire Tecnimont SpA announced that NextChem was awarded a contract by Storengy to study waste wood and solid recovered fuel conversion plant to produce biomethane in France. NextChem is expected to be responsible for the engineering services and cost estimating for the syngas purification, methanation unit, and methane upgrading.
  • June 2022: Shell PLC entered a decarbonization agreement with Tokyo Gas Co. and Osaka Gas Co. for the natural gas and carbon capture, utilization, and sequestration (CCUS) projects. By 2030, these Japanese companies could aim to replace 1% of the gas currently delivered with biomethane-based synthetic gas, or syngas.
  • May 2022: Pertamina and Air Liquide Indonesia agreed to collaborate in developing carbon capture and utilization technology at the Balikpapan refinery processing unit. Within the framework of this joint study agreement, Pertamina and Air Liquide are expected to conduct a joint study on CO2 syngas and Flue-Gas capture technology application from hydrogen production.
  • March 2022: KBR and ExxonMobil Catalysts and Licensing LLC ("ExxonMobil") will collaborate to bring significant advancements to propane dehydrogenation (PDH) technology. Under the collaboration, ExxonMobil's new proprietary catalyst technology will be combined with KBR's proprietary K-PRO Propane Dehydrogenation (PDH) technology to convert propane into propylene.
  • October 2021: Suburban Propane Partners LP announced the extension of its 2020 agreement with U-Haul to provide eco-friendly and renewable propane in California.
  • January 2024: Dampier Salt, an Australian salt company whose 68% stakes are held by Rio Tinto, announced that it will be selling one of its three production sites, the Lake MacLeod site, to Leichhardt Industrials Group in Australia for USD 251 million.
  • January 2022: B. Braun received FDA permission for a pharmaceutical manufacturing plant in Florida. B. Braun Medical's Daytona Beach manufacturing plant is expected to produce 0.9% sodium chloride for injection, which will be offered in 1,000 ml and 500 ml Excel Plus IV bags from Bethlehem, Pennsylvania.
  • January 2022: Nouryon signed a 15-year agreement with Suzano, a eucalyptus pulp producing company. Nouryon is projected to commission its sustainable integrated manufacturing model for the new Suzano eucalyptus pulp mill in Ribas do Rio Pardo, Brazil. Nouryon will use renewable electricity from Suzano's new pulp mill to produce sodium chlorate.
  • December 2022: Boise Cascade expanded distribution centers in two new markets by acquiring 45 acres in Walterboro, SC, and purchasing a 34-acre land parcel in Hondo, Texas.
  • October 2022: Boise Cascade announced the expansion of its distribution center through the acquisition of 4.67 acres of land adjacent to its Albuquerque, New Mexico branch.
  • June 2024: Transform Materials, renowned for its pioneering work in clean and sustainable chemical technologies, has partnered with Johnson Matthey, a global frontrunner in sustainable solutions. This partnership melds Transform Materials' advanced technology of deriving acetylene from various short-chain hydrocarbons with Johnson Matthey's distinctive mercury-free technology and catalyst, adept at transforming acetylene into vinyl chloride monomer (VCM).
  • May 2023: Transform Materials and Denka have partnered to create a low-carbon acetylene supply chain tailored for the metalworking industry. Leveraging Transform Materials' plasma technology, the collaboration seeks to produce acetylene without CO2 emissions. This agreement aligns with Denka's "Mission 2030," an ambitious eight-year management initiative targeting a 60% reduction in CO2 emissions by 2030.
  • October 2022: SCG Chemicals Public Company Limited and Denka Company Limited have entered into a joint venture agreement to establish an acetylene black manufacturing facility in Rayong province, Thailand. The new plant, currently under construction, is set to have an annual production capacity of around 11,000 metric tons and is slated to begin operations by 2025. This collaboration positions both companies to enhance their competitiveness in the global acetylene black market.
  • March 2024: HASSLACHER Holding GmbH acquired a stake in Element5 to invest in the development and expansion of mass timber production capacity and to enter the North American market.
  • June 2023: Mayr-Melnhof Holz Holding AG opened the world's first PEFC-certified cross laminated timber plant at the sawmill site in Leoben with an investment of EUR 175 million (USD 190 million).
  • October 2022: Stora Enso inaugurated its new production site in Czechia, Europe, which produces cross-laminated timber (CLT) with an estimated annual production capacity of 120,000 m³. The company has strengthened its presence in the competitive market through expansion.
  • July 2022: Engicon nv (Geldof) received the project for building a second ammonia storage tank for Agropolychim. The roof includes a diameter of 37 m and weighs over 150 tons.
  • January 2022: Tarsco, a subsidiary of TF Warren Group, started its ammonia storage tank project on the Gulf Coast. This tank includes ammonia storage capacity of 70,000 metric tons and a unique dome roof, which was an accomplishment for the company for lifting the roof from the ground to the top through air pressure. This project will help the company expand its business through its innovative way of constructing storage tanks.

Propane Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)