Published on November 21, 2017
Shell Chemicals has planned to idle its two Acetone units in 2018 based at US. The decision has been taken in order to tighten the supply of Acetone. The company has further plans to idle its Phenol 3 plant in Deer Park in Texas in mid of January 2018. The plant has Acetone capacity of 1,44,000 tonnes/year. Supply in the tightening of Acetone will compel users to import it from Asian countries where easy supply is available. ..
Published on November 16, 2017
Qilu Petrochemicals shut down its ACN unit in the second week of July. The unit continues to remain off-stream and is uncertain about its restart date. Earlier the unit was shut down for maintenance but could not resume its production as strict environmental inspections have been major concern. The Chinese government has become very conscious and strict with its environmental laws. All these issues has in turn plunged the ACN prices to very high level in China. The unit is based at Zibo in ..
Published on November 15, 2017
CPC Corp is planning to restart its residue fluid catalytic cracker unit after brief maintenance period. The unit is likely to go on-stream by end of this week. Unit is based at Taiwan aNd has the manufacturing capacity of 400,000 tone/year propylene. ..
Published on November 14, 2017
The conclave to be organized by IOCL in Odisha on Thursday with an aim to provide a platform for young investors to interact with business leaders of the petrochemical industry, government functionaries and financial institutions. "The conclave aims to highlight the emerging investment opportunities in the petrochemicals sector in Eastern India and help catalyst investment in downstream plastic parks and textile parks proposed to be developed in this part of the country," Pritish Bha ..
Published on November 9, 2017
SP Chemicals has shut its styrene monomer plant for maintenance. As per report, company has commenced maintenance on November 6, 2017. The plant is expected to remain under maintenance for about 4 weeks. Plant is located at Taxiing in Jiangsu province of China, the plant has a production capacity of 320,000 mt/year ..
Published on November 6, 2017
Iran is planning establish a standalone shipping line to handle its petrochemical exports. Petrochemical holdings should join forces to form a shipping company for petrochemicals. Last year, domestic companies paid $1.5 billion for the shipment of petrochemicals and polymers, as per report. Iran has two major shipping companies, the IRISL, which handles the transport of non-oil goods, as well the National Iranian Tanker Company that is responsible for the export of crude oil and condensates. ..
Published on November 3, 2017
ExxonMobil, the world’s largest oil company will build a petrochemical complex in the southern Chinese city of Huizhou. As per news, the oil major had signed a partnership agreement aimed at creating a “world-class petrochemical industry base” in the Daya Bay area on China’s south coast. The complex, which will adopt advanced industry and environmental protection technologies, meets the needs of Guangdong to further open up and upgrade the industry structure,&rd ..
Published on November 2, 2017
The Russian company Tatneft is considering the possibility of implementing a petrochemical project at the Angren Free Economic Zone of Uzbekistan. As per report, to learn the feasibility of implementing the investment project on the territory of the Angren FEZ, the practical aspects of establishing cooperation was discussed with the representatives of the Russian oil company Tatneft. Tatneft is one of the largest Russian oil companies, being an internationally recognized vertically integrate ..
Published on November 1, 2017
China based private firm Hengyi Group has started a trading office in Singapore to buy crude and trade oil products from its $3.4 billion Brunei project, company officials said on Monday. The office will also handle third-party trading. The refinery-petrochemical project of Brunei will be mechanically completed by the end of 2018 and start operations in the first quarter of 2019, Zhang said. The project, at Brunei's Pulau Maura Besar island, includes a 175,000 barrels per day refinery that wil ..
Published on October 31, 2017
The on-going investigation of anti-dumping duty on Styrene monomer imports from South Korea, Taiwan and US has delayed the future contract for 2018. Earlier the investigation was launched in June 2017 and was likely to last for one year. It may be extended for six more months. Market talks are extensive that provisional anti-dumping duties (ADDs) from a low of 2% to as much as 50% may be imposed depending on producer and country of origin, as early as February 2018. ..
