Published on March 10, 2018
Methanex is considering building another methanol unit in North America. They have zeroed down the two units either at Geismar, Louisiana, US or Medicine Hat, Alberta, Canada. Both places are landmarks in the recent North American methanol boom, which like the ongoing ethylene and polyethylene plant booms. The abundance of cheap American natural gas along the Gulf Coast would seem to put Geismar in an opportune location for the new plant, Fontenot said gas is a lot che ..
Published on March 9, 2018
A subsidiary of Yokogawa Electric Corp., Yokogawa China Co., Ltd., has won an order to supply the gas chromatographs (GCs) for the first phase of a project to construct an integrated refinery and petrochemical production complex that is being undertaken by Zhejiang Petrochemical Co., Ltd. at a new industrial site in the Zhoushan archipelago. The company’s new, large-scale integrated refining and petrochemical complex will eventually have an overall refining capacity of 40 million tpy. The ..
Published on March 8, 2018
Gujarat Refinery is moving forward with the first phase of a long-planned project to expand crude oil processing capacity of its 13.7 million tonne per year (TPY) Koyali refinery at Vadodara.Scheduled to be commissioned between September 2019 and April 2020 Indian Oil-owned Gujarat Refinery on the outskirts of Vadodara city will invest about Rs24,174 crore on new projects and expansions in the next five years. As per report, these include capacity expansion to 18MMTPA, at a cost of Rs15,034 cr ..
Published on March 7, 2018
Russian petrochemical group Sibur is planning with Saudi Aramco to set up a venture to produce synthetic rubber. Russia and Saudi Arabia have forged closer ties in the past two years as part of efforts to prop up oil prices by curbing output. They are growing cooperation between OPEC leader Saudi Arabia and Russia, the biggest non-OPEC oil exporter. As per report, the two companies signed a cooperation memorandum last year when Saudi King Salman visited Russia but so far have not disclosed pro ..
Published on March 6, 2018
China-based Jiangsu Sailboat Petrochemical Company has announced that methanol-to-olefins (MTO) plant installed by Honeywell has become fully operational. The new plant converts methanol from domestic coal into olefins for plastics production, and is capable of producing 833,000mt of olefins per annum. As per report, the Jiangsu Sailboat unit is the largest single-train MTO unit in the world. Honeywell UOP’s Advanced MTO process leads the industry in terms of scale and operating efficien ..
Published on March 5, 2018
Egypt is planning for the expansion in petrochemicals projects in near term. As per report, the petrochemicals industry allows Egypt to fully utilize its gas and petrol resources and contributes positively to Egypt’s economy, and that Egypt has the necessary potentials to expand its production of petrochemicals on which many industries are based. Developing the petrochemical industry will result in an improvement in plastics industry, fibers industry and other related industries. ..
Published on March 1, 2018
BP and SOCAR TURKEY ENERJI A.Ş (SOCAR Turkey) have entered into a licensingagreement for BP’s latest generation purified terephthalic acid (PTA) technology. SOCAR Turkey intends to deploy the technology in its new 900,000 tonnes per annum (tpa) unit at Aliağa, Turkey, expected to come on stream by 2023 once the final investment decision is taken. “BP is committed to providing products and solutions to help our customers reduce their carbon footprint. We are proud to build on BP&r ..
Published on February 28, 2018
International Polymers Co (IPC) is planning to start maintenance for its Ethylene Vinyl Acetate unit. The unit is likely to undergo maintenance in the last week of April and is expectred to remain off-stream for around 10 days. The company is based at Jubail in Saudi Arabia and has the production capacity of 1,50,000 tonnes/year. ..
Published on February 27, 2018
Canada based Methanex has reduced its North American posted methanol contract price for March by 3 cents to 149 cents/gal ($469/mt) FOB USG, the company said late Friday. Prices posted for the region of Europe around Euro 380/MT, remained unchanged for this month. Methanex ranks as the world's largest methanol producer by capacity. SCC serves as the US distributor for Methanol Holdings Trinidad, the largest producer in the Americas at 4.1 million mt/year. ..
Published on February 26, 2018
The Kuwait Styrene Company (TKSC), the only producer of styrene monomer in Kuwait, has reported a net profit of $94 million for the fiscal year ending in December 31, 2017. The company’s continued profitability is supported by its world-class operational standards, and opting for joint ventures projects in Kuwait. “We continue to add significant value to its shareholders thanks to its strong position in the global industry. On behalf of the board and management, we thank Equate Petr ..
