Published on October 11, 2018
The cracker has been restarted by JXTG Nippon Oil & Energy in the last week of September 2018. Earlier the unit was shut down in the second week of August for annual maintenance. The cracker is based at Kawasaki in Japan and has the production capacity of Ethylene around 4,48,000 mt/year and Propylene around 2,73,000 mt/year. ..
Published on October 10, 2018
Union Petroleum Minister Dharmendra Pradhan said Indian companies will continue to import crude oil from Iran next month despite United States’ sanctions on Tehran coming into force from November 4. Pradhan said two state refineries have made nominations to purchase Iranian oil in November. The Indian Oil Corporation and Mangalore Refinery and Petrochemicals have ordered a total 1.25 million tonnes of crude. As per report, Sanctions against Iran will block payment routes for India thro ..
Published on October 9, 2018
Bharat Petroleum Corp. Ltd. (BPCL) has received approval from its board of directors to establish facilities for the production of polyols, propylene glycol and monoethylene glycol in Kochi, India. The project, will cost around Rs 11,130 crore and will be based at the company's Kochi Refinery, where its refining capacity is currently being expanded to 15.5-million t/y from 9.5-million t/y. BPCL is also establishing its new Propylene Derivatives Petrochemical Project (PDPP) at Kochi, which i ..
Published on October 8, 2018
Siemens Water Solutions got an order to complete wastewater treatment system for Tianjin Bohua Chemical Development’s (a subsidiary of Bohai Chemical Group) new propylene oxide-styrene monomer (POSM) plant.The plant is based at the Nangang Industrial Zone in northern China’s Tianjin, having a production capacity of 200 000 tpy of propylene oxide and 450 000 tpy of styrene monomer. ..
Published on October 6, 2018
LyondellBasell has announced that Zhejiang Petroleum & Chemical Co. Ltd has selected LyondellBasell’s polypropylene, high-density polyethylene and low-density polyethylene technologies for five new plants. The plants will be built in ZPCC’s petrochemical complex in Zhoushan City, China. The complex will include two 450 000 tpy PP plants that will use LyondellBasell’s Spherizone PP process technology and two LDPE plants, 300 000 and 400 000 tpy respectively, which will use L ..
Published on October 5, 2018
Sahara Petrochemicals Company and Saudi International Petrochemical Company have signed a non-binding agreement to merge, in a deal valued at $2.2 billion based on share price. As per report, under the arrangement, which is still contingent on the completion of a binding implementation agreement, Sipchem will make an offer to acquire all shares in Sahara. The merger will help to strengthen the product portfolio of the firms and diversify their feedstock supply, among other things, while simult ..
Published on October 2, 2018
An agreement has been signed between a subsidiary unit of National Iranian Oil Co. (NIOC) which is Engineering and Development Co. (PEDEC) with a local firm Petro Omid Asia Co. to build a crude oil storage facility near Iran’s southern port of Jask with an initial investment of 200 million euros ($232 million). The facility will have a total capacity of 10 mln barrels on a build-operate-transfer in Jask which is located on the Gulf of Oman Coast. ..
Published on October 1, 2018
U.S., Japan and the Middle East have shown interest in picking up a stake in state-owned Oil and Natural Gas Corporation's mega petrochemical project in Gujarat. The plant is operating at 80 percent capacity and is targeted to reach 100 percent before the end of the current fiscal, As per report. As per report, the plant was originally envisaged as a joint venture with state-owned gas utility GAIL India Ltd. and Gujarat State Petroleum Corporation Ltd. (GSPC).ONGC is now looking at restructuring ..
Published on September 29, 2018
Bharat Petroleum Corp Ltd its has approved an investment of Rs 111.3 billion for setting up a petrochemical unit at its Kochi refinery in Kerala. BPCL's Kochi refinery at its recent expansion to 15.5 million tonnes per annum capacity produces 5,00,000 tonnes of polymer grade propylene. As per source info, half of this propylene is utilised for the manufacturing of niche/speciality petrochemicals like acrylic acid, oxo alcohol and acrylates, which find applications in areas like paints and co ..
Published on September 28, 2018
Asia and the Middle East, the global petrochemicals market capacity is anticipated to grow from 1.5472 billion tpy in 2017 to 1.9315 billion tpy in 2026, as per source. Asia, the Middle East and North America will be the top regions contributing to capacity additions during the outlook period. Within Asia, with 244 out of the total 482 planned and announced petrochemical plants and a total capacity of 98.2 million tpy by 2026, China is the top country. Capital expenditure (CAPEX) for these pla ..
