Published on September 27, 2017
Lotte Chemical of Indonesia is in process of starting a new cracker at Cilegon in Indonesia. The company has already purchased 60 hectares of land for this petrochemical project. The project will take time for its inception. According to company sources this new cracker will produce 1mln mt/year of Ethylene and 6,00,000 mt/year of Propylene. The unit will go on stream in 2023. ..
Published on September 26, 2017
GAIL Ltd has approached the environment and forest ministry for setting up a petrochemical complex in Andhra Pradesh. The petrochemical complex will have the capacity of 1 million tone pr annum. Total land required of 2000 acres for the proposed Petrochemical complex, can be acquired from GMR for Kakinada SEZ. The complex will produce 1 MMTPA of Ethylene and Ethylene derivatives. ..
Published on September 25, 2017
Assam Petrochemicals Limited is planning to invest about INR 1337 crore to set up second unit for the production of methanol and Formalin. As per report, the new plant in Namrup will produce around 500 mt per day Methanol and 200 TPD Formalin. With these the overall capacity of APL will be amplified to 600 TPD of Methanol and 325 TPD of Formalin. ..
Published on September 23, 2017
Dow in a statement said that it has started its Ethylene unit and PE unit in gulf coast Texas. The projects, spurred by supple natural gas feedstock from the U.S. onshore, are considered milestones for Dow, enabling the Midland, MI-based petrochemical giant to capture benefits from increasing U.S. shale gas growth. As part of Dow’s next wave of growth investments, the ethylene unit would be expanded to 2 mmt, making it the world’s largest ethylene facility. The additional expansions, ..
Published on September 22, 2017
Formosa2 Petrochemicals Corporation is in process of restarting its cracker unit no 3 in near future. 2Earlier the unit was shut down for maintenance in the second week of August 2017. Unit i2s based at Mailiao in Taiwan and has the production capacity of 1.2 million mt/year, prop2ylene production capacity of 600,000 mt/year and butadiene production capacity of 176,000 mt/2year. ..
Published on September 21, 2017
The official petrochemical terminal was launched by Jurong Port and Oiltanking. The venture is for a new liquid bulk terminal that is expected to solidify Singapore's position as Asia's regional petrochemical hub. Observers see Singapore widening its lead with the new terminal as the island nation fends off emerging contest for product flows from Malaysia's giant refinery complex coming up just across the Johor straits. ..
Published on September 20, 2017
Abu Dhabi National Oil Company is planning to build a new cracker and refineries as part of its expansion program. It will increase its capacity to nearly triple times of production capacity in next five years. manager of Adnoc’s refining and petrochemical business unit, said that Adnoc would increase its downstream investments by adding a new world-scale refinery and mixed-feed cracker. He gave no details on when the facilities are expected to become operational or funding requirements. & ..
Published on September 19, 2017
Kuwait Paraxylene Production company has let a contract to Honeywell International Co to provide a suitable technology for improving productivity, efficiency, and profitability of operations at the Shuaiba petrochemical complex in Safat, Kuwait. KPPC will implement two of Honeywell’s proprietary Connected Plant services, including the Process Reliability Advisor (PRA) and Process Optimization Advisor (POA), to ensure optimal performance of its continuous catalytic reforming (CCR) platformi ..
Published on September 18, 2017
LyondellBasell is planning to restart its olefins and polymer units by end of September or in the first week of October. Earlier the units were shut down due to hurricane Harvey in Texas. According to company sources,”LyonellBasell Gul Coast plants are in various stages of restart or ramp-up”. Among other plants affected by Harvey, Braskem's 227,000 mt/year polypropylene facility in Seadrift, Texas, remained on "hot standby," ready to restart upon restoration of area utilities and ot ..
Published on September 16, 2017
There has been significant rise in Asian contract price for ACN in Asian markets. The hike has been in particular due to gain in the values of upstream Propylene prices in Asian market. CFR South East Asia prices were assessed around USD 1640/MT, gain of USD 70/MT. CFR Far East Asia prices were assessed around USD 1675/MT and increase of USD 70/MT in a week. This hike has been particularly due to adverse effect of hurricane Harvey. One of the major plant of ACN i.e. Ineos continue its force maj ..
