Published on May 5, 2018
PETRONAS Chemicals Group (PCG) is on pathway to start commercial production at its new Refinery and Petrochemical Integrated Development (RAPID) project based in Johor, Malaysia, in the second half of 2019. The site's polymer capacities include 350,000 tonnes/year of linear low density polyethylene (LLDPE), 900,000 tonnes/year of polypropylene (PP); and 400,000 tonnes/year of high density polyethylene (HDPE). The glycol plant will be able to produce 800,000 tonnes/year of monoethylene gly ..
Published on May 4, 2018
China based Sinopec Zhenhai Refining & Chemical Corp has shut down its Sm unit in the month of April for annual maintenance turnaround. The unit is likely to remain off-stream for around 40 day. The unit is likely to resume production in the last week of May 2018. The unit is based at Zhejiang province of China and has the manufacturing capacity of 6,20,000 mt/year. ..
Published on May 2, 2018
The anti-dumping duty has been imposed on imports of polytetrafluoroethylene imports from China and India by The US Department of Commerce. "Commerce preliminarily determined that exporters from China and India have sold PTFE resin in the United States at 69.34% to 208.16% and 18.49% less than fair value, respectively," the department said. For China, Daikin Fluorochemicals had been assigned with an 84.75% duty, while Shandong Dongyue Polymer Material Co. faced 69.34%. Hangzhou Fine Fluorotech ..
Published on May 1, 2018
Iraq has signed a contract with two Chinese companies, PowerChina and Norinco International, to build an oil refinery at the port of Fao on the Gulf. As per report, the refinery in Fao will have the capacity to produce 300,000 barrels per day and will include a petrochemical plant ..
Published on April 28, 2018
Taiwanese major petrochemical producer Formosa Chemicals and Fibre Corp (FCFC) has shut down its Phenol-Acetone plant at full capacity rates. According to the sources, the units will remain off-stream for around 5-6 weeks. The solvents plant which is located in Ningbo, Taiwan comprises of two lines with a combined production capacity of Phenol with 400,000 mt/year and Acetone with 250,000 mt/year. ..
Published on April 27, 2018
Methanex has acquired land for a third methanol plant in Geismar, adjacent to its two existing methanol plants there. Methanex is still probably a year away from making a final investment decision. It would take 9-12 months to get a FID on the project and that there would be no significant capital spent on the project until late 2019 or 2020. Methanex said it was considering two sites for a potential new plant, one in Geismar and the other in Medicine Hat, Alberta. As per report, Methanex spe ..
Published on April 26, 2018
Fanavaran Petrochemical Company has shut down its Methanol unit for maintenance turnaround. The unit has been put off-stream as per annual maintenance schedule.The unit was shut down on 20th April 2018. The unit is likely to remain off-stream for around 25 days. Unit is based at BandarImam Khomeini in Iran and has the manufacturing capacity of 1,000,000 mt/year. ..
Published on April 25, 2018
PetroChina Jilin is planning gto shut their ACN unit for maintenance turnaround in this week. The unit was likely to go off-stream in the first week of May and is likely to remain shut for around 40 days. China based unit has the manufacturing capacity of 425 kt/annum ..
Published on April 24, 2018
With growing tension between US and China, the Chinese government has listed out 125 products under the slab of tax of 25% of tariffs on US import. The list included US ACN as well. The government has not specified the implementation date for this policy yet. China imports around 20% of its requirement of ACN from US. The increased import duty will now cut down their imports. The traders are worried due to implementation of these tariffs as they are affecting the economies of the two nations. ..
Published on April 23, 2018
Methanol prices have escalated sharply in last week. China methanol prices were higher on tight supply situation. Average operating rate of domestic plants plunged in turnaround season and some overseas plants in Middle East and Southeast Asia are shut for maintenance. In domestic market, methanol prices were reached to its peak level of Rs 33/kg on shortage of material and bullish demand sentiments from end users. As per plant information, in China Sailboat’s MTO plant and Nanjing Wison ..
