Published on February 7, 2018
Chevron Philips experienced an unexpected outage at the producer’s HDPE unit. The unit has been shut down due to technical issues. ’Our cargoes from Chevron has been delayed. When we inquired, the producer said it is due to production problem, but did not specify further. We suspect either short on ethylene or oversold due to high HDPE prices,’’ a converter informed. Chevron Phillips Singapore has a total capacity of 400,000 tons/year HDPE, and based at Jurong Island. ..
Published on February 6, 2018
There has been override in ACN prices in Asian markets since last few weeks. The tightening in the supply has been the sole reason for this gain. The Indian traders are at the worst end as prices are increasing significantly since last few weeks. Further many manufacturers are storing the material for future use as well as many ACN manufacturing units is likely to undergo maintenance schedule in the month of April and May. In China, users are piling up the stock as in next few most of the marke ..
Published on February 5, 2018
Haldor Topsoe AS has confirmed details of its previously awarded contract to deliver engineering and technology for new units at Houston-based IGP Methanol LLC’s proposed project to build a 7.2 million-tonne/year Gulf Coast Methanol Complex on a 140-acre parcel adjacent to the Mississippi River near Myrtle Grove in Plaquemines Parish. As per report, Haldor Topsoe will provide engineering for four 1.8 million-tpy methanol plants that will be equipped with its SynCOR methanol technology, wh ..
Published on February 3, 2018
Iraq is planning to start crude oil exports from its northern Kirkuk Oilfield to Iran. Iraqi exports could increase, as the country plans to start trucking crude to Iran’s Kermanshah Oil Refinery under a swap agreement announced last month. Iraq and Iran have agreed to swap up to 60,000 barrels per day of crude produced from Kirkuk for Iranian oil to be delivered to Iraqi customers in southern Iran. ..
Published on February 2, 2018
China is one of the major consumer as well as supplier of MEG in the world. In last one year the domestic consumption has increased that now it is importing MEG form other nations. Till mid of January prices for MEG were booming up the domestic market due to heavy usage in downstream industry. Now as Lunar vacations are approaching many producer of polyester has planned for maintenance schedule of their respective units. The Market is already flooded with MEG supply with bulk inventory, the mark ..
Published on February 1, 2018
Canada based Methanex has announced its ACPC for the month of February 2018. It has increased its contract prices for this month by USD 10/MTS. Asian Contract prices are posted at USD 480/MTS. Prices posted for the region of Europe around Euro 380/MT, remained unchanged for this month. ..
Published on January 31, 2018
Pardis Petrochemical Company has signed an memorandum of understanding with KBR, an American technology and services provider, to improve its processes and equipment. The agreement is aimed at improving safety protocols, raising energy efficiency, reducing corrosion and reconditioning the facilities of PPC, a producer of ammonia and urea in the southern port city of Asalouyeh, Bushehr Province. PCC describes itself as the operator of the Middle East's largest ammonia and urea complex and one of ..
Published on January 30, 2018
There has been constant upswing in the imports of MEG in China. The stronger demand form downstream industry polyester has been one of the major factor for this rise. Imports hasi increased by more than 15 % in the year 2017. More than 90% of the MEG produced globally goes into the manufacture of polyester, which is largely used in the textile industry, as well as in the production of polyethylene terephthalic (PET) bottles. Despite continued expansion in domestic MEG production, the country ha ..
Published on January 29, 2018
Thai PTT Global Chemical Pcl (PTTGC) planning to invest USD985 million in a new olefins plant. This investment would increase its nameplate capacity to 3.74 million metric tons of olefins a year, up from 2.99 million metric tonnes a year. The new plant would use naphtha and liquefied petroleum gas as its main feedstock and be located in the Map Ta Phut industrial estate on Thailand's eastern seaboard. PTTGC awarded Samsung Engineering Co., Ltd. the USD790 million engineering, procurement ..
Published on January 24, 2018
Blast was reported at naphtha cracker of IOC refinery on Monday. According to company sources, the employees were engaged in maintenance of a valve in the Swing unit and gas started leaking, causing a high volume blast at 12.50 pm. A major fire broke out in the unit. A team of firefighters of the refinery reached the unit and took out five badly injured persons. Two of the injured persons died yesterday. Refinery units were not hit by fire, and the 300,000 barrel per day refinery and naphtha cra ..
