Published on October 10, 2017
The department of environment has lifted its stop-work order on Lotte Chemical Titan Holding Bhd’s (Lotte) KBR Catalytic Olefins Technology catalytic cracking reactor within TE3 project in Pengerang, Johor. On 1st October the stop work order was issued by DOE of Malaysia to reduced odour emission to keep check on discharge. According to company officials “The stop-work order is not expected to have any material effect on our company’s and group’s earnings, net assets and ..
Published on October 9, 2017
Mina Al Fahal refinery has been shut down for maintenance in Oman. The refinery will remain under maintenance for around 45 days. The 45-day maintenance period will cover modifications to the existing plant to allow a full integration of the new units, being constructed under the Suhar Refinery Improvement Project (SRIP) and Muscat Sohar Product Pipeline (MSPP) project including a distribution depot in Jifnain, that are due for commissioning later in the year. All product supply during the peri ..
Published on October 7, 2017
Canada based Methanex has announced its ACPC for the month of October 2017. It has increased its contract prices for the month October by USD 50/MTS. Asian Contract prices are posted at USD 400/MTS. Prices posted for the region of Europe around Euro 320/MT. ..
Published on October 6, 2017
The Saudi Aramco will be opening its subsidiary in India next week. The company will be investing in refineries in major markets to lock in customers ahead of its initial public offering next year, and the India unit, on top of sales, will look for opportunities to take stakes in refining and petrochemical projects in the country. Major oil producers that have lost market share due to the rise in U.S. shale oil production are tapping rising fuel demand in Asia. The Kingdom wants to mirror that ..
Published on October 5, 2017
There has been continuous surge in ACN prices in Asian markets. The surge has been more than 30% in last two months. With golden week holidays in China market the hike is likely to settle down in Asian markets. Majority of the buyers tend to stay away in China during these holidays. Thi sin turn has led to slowdown in ACN and other feedstock values. This unexpected rise has been particularly due to shut down of many ACN China based units and shut down of ACN units in US due to Harvey. Qi ..
Published on October 4, 2017
GS Caltex has shut down its Toluene unit in the first week of August 2017. The reason behind this abrupt shutdown was fire incident. The unit has not resumed its production yet and uncertainty prevails over its restart. Unit is based at Yeosu in South Korea and has the production capacity of 1,70,000 mt/year. ..
Published on October 4, 2017
China has a massive plan of relocating its chemical units away fro the cities by 2025. According to state China’s council the country should immediately start shifting units from cities. The small size plants shifting will commence from 2018 and has to be completed by 2020. For large sized units the time limit is 2025. This process requires huge funds and investment. Lack of funding is the primary problem faced by manufacturers. Industry players believe the Chinese government must foot the ..
Published on October 3, 2017
Kaltim Methanol Industri is planning to shut its methanol unit for maintenance turnaround. The unit is likely to go off-stream in the month of October as per annual maintenance schedule. Unit is expected to remain out of production for around 40 days and may resume its production n in November. Unit is based at Botang in Indonesia and has the production capacity of 6,60,000 mt/year. ..
Published on September 29, 2017
Kaltim Methanol Industri is planning to shut its methanol unit for maintenance turnaround. The unit is likely to go off-stream in the month of October as per annual maintenance schedule. Unit is expected to remain out of production for around 40 days and may resume its production n in November. Unit is based at Botang in Indonesia and has the production capacity of 6,60,000 mt/year. ..
Published on September 28, 2017
Brunei Methanol Company is planning to shut its Methanol unit for maintenance turnaround. The unit is likely to go off-stream in the last week of September 2017. The unit is likely to resume its production after 40-45 days. Unit is based in Brunei and has the production capacity of 850 Kt/year. ..
