Published on July 3, 2018
Dense clusters of petrochemical plants, with their towering chemical reactors and mazes of pipes, line roads busy with semi-trucks hauling the goods needed to keep the industry running. Construction cranes promise more development to come. Canada is pushing to change that dynamic, vying to become more competitive with its neighbor at a time when U.S. trade policy and tariffs threaten to increase the cost of building and expanding Gulf Coast petrochemical plants. ..
Published on July 2, 2018
Iran will allow private companies to export crude oil, part of a strategy to counter U.S. sanctions, and advised fellow OPEC members, including regional rival Saudi Arabia, not to break output agreements. Iran is looking at ways to keep exporting oil as well as other measures to counter sanctions after the United States told allies to cut all imports of Iranian oil from November. Referring to reports that Saudi Arabia may increase its oil exports to replace Iranian oil in world markets, Jahangir ..
Published on June 30, 2018
The Centre will give ten new buses to the Assam government which would be run by methanol as a pilot project for public transportation. Assam Petrochemicals Limited (APL) will supply the methanol for the new buses. The ministers discussed ways and measures to increase the production of methanol in the country and thereby create a methanol economy as an alternative to high-cost petroleum products like diesel and petrol. Assam Petrochemicals Limited (APL) is a state PSU and is one of the very ..
Published on June 29, 2018
European petrochemicals producer Ineos has declared a force majeure on oxo-alcohols production at its 330,000 mt/year oxo-alcohols plant in Lavera, France. The FM was declared due to problem in one of the plant's compressors. The issue will be sorted out soon and force majeure will be lifted by end of July. ..
Published on June 28, 2018
The commercial production has started now by OCI Natgasoline plant this week which marks the commencement of a new era in the US methanol industry. The Natgasoline’s plant has the production capacity of 1.8 m tone/year. In the past the US was depended largely on imports from tiny Trinidad and Tobago for its methanol supply, until producers began restarting mothballed plants in 2011-2012. A few years later US methanol capacity was just short of 2.5m tonnes/year in early 2015. By the end o ..
Published on June 27, 2018
Abu Dhabi National Oil Company (ADNOC), Saudi Aramco (Aramco) and a conglomerate of three Indian oil companies signed a framework agreement to explore the development of a new $44 billion mega refinery and petrochemicals complex at Ratnagiri, in Maharashtra. The deal will involve a strategic partnership and co-investment in the development between all parties. Aramco and ADNOC will jointly own 50% of the new joint venture - Ratnagiri Refining and Petrochemical Company Ltd - with the rema ..
Published on June 25, 2018
US Methanol is relocating its company’s facility from Brazil to west Virginia. The unit was planned to start production this year. Now it has been postponed to 2019 end. The unit will convert natural gas to methanol for use by existing chemical plants. The company will provide methanol as feedstock for the chemical industry in the mid-Atlantic and Northeastern states. ..
Published on June 22, 2018
Cracker to be shut down by JXTG Nippon Energy & Oil. Japan based JXTG Nippon Energy & Oil has restarted its Ethylene cracker in this week. Earlier the cracker was shut down on 9th June end for to carry out some repair work. The unit remained off-stream for around 10 days. The cracker is based at Kawasaki in Japan and has the production capacity of 4,04,000 mt/year of Ethylene. ..
Published on June 21, 2018
Norway based Equiinor to restart its Methanol plant after planned maintenance. Earlier the unit was shut down in Mid of May and was expected to resume production by mid of June. Equinor was earlier known as Statoil. The unit is based at Tjelbergodden in Norway and has the production capacity of around 9,00,000 mt/year. ..
Published on June 19, 2018
China based Zhejiang Xingxing will soon to restart its MTO unit after brief maintenance schedule.Earlier the unit was shut donw on 25th May for an annual maintenance program. The unit is based at Zhejiang province of China and has the manufacturing capacity of MTO around 600 Kt/year. The other integrated downstream products of the company are PP and MEG EO. ..
