Published on September 15, 2017
Formosa Chemicals & Fiber Corp (FCFC) is likely to undergo maintenance in the month of September 2017. The units will be shut down in the mid of September. The y will remain off-stream for around one month. Units are based at Mailiao in Taiwan and has the manufacturing capacity of 2,50,000 mt/year for unit no1 and 3,50,000 mt/year for unit no 2. ..
Published on September 12, 2017
With realization of documentation work for the proposed petrochemical complex in Kakinada , the uncertainty has bagged its position again. The farmers of that area has challenged the land acquisition deal contract in the court. The two major government owned companies GAIL and HPCL have come forward to set up petrochemical complex in Andhra Pradesh during the investment event organized in the state. With the availability of petchem reserves the state govt has reserved 2000 acres of land in Kakin ..
Published on September 9, 2017
Canada based Methanex has announced its ACPC for the month of September 2017. It has increased its contract prices for the month September by USD 30/MTS. Asian Contract prices are posted at USD 350/MTS. Prices posted for the region of Europe around Euro 320/MT. ..
Published on September 8, 2017
Toyo Engineering Co has been awarded a construction of project from PT Chandra Asri Petrochemical. This project will involve the construction of a polyethylene production unit of HDPE, LLDPE and mLLDPE with a total capacity of 400,000 ton/yr at CAP’s existing petrochemical complex in Cilegon, Banten, on the western tip of Java, Indonesia. Toyo Engineering Corp. and Toyo Engineering Korea Ltd. are in charge of detailed engineering and offshore supply services. Toyo’s Indonesian subsi ..
Published on September 7, 2017
Acrylonitrile spot prices significantly declined in domestic market. Prices have decreased due to fall in value of feedstock Propylene. Today prices were assessed around Rs.112/Kg for bulk quantity; reduce by Rs.5/Kg in this week. ..
Published on September 6, 2017
The basic material used in the manufacturing of plastics, Ethylene supply has been completely disrupted in the country. It’s used to make polyester for both textiles and water bottles. Ethylene is an ingredient in vinyl products such as PVC pipes, life-saving medical devices and sneaker soles. Texas alone produces three quarters of the country’s supply of Ethylene. The major producers like LyondellBasell, ExxonMobil and Chevron Phillips Chemical Co has shut down their major uni ..
Published on September 5, 2017
Iran’s petrochemical industry has experienced a hike of 6% in production in last five months and significant rise of 12 in exports from the country. “Export volumes of petrochemical products have also risen in the ongoing year as the figures catapulted by 12 per cent in volume and 4% in value. In addition to development of the upstream sector, NPC has also put on agenda expansion of downstream projects with the aim of completing the production chain, which is turn, brings abou ..
Published on September 4, 2017
After Harvey Hurricane the grim face of Houston is devastating. The petrochemical industry has been leaking tons of pollutants, with communities living near plants damaged by the storm exposed to soaring levels of toxic fumes and potential water contamination. Refineries and chemical plants have reported more than 2,700 tons, or 5.4m pounds, of extra air pollution due to direct damage from the hurricane as well as the preventive shutting down of facilities, which causes a spike in released toxi ..
Published on September 2, 2017
Formosa Point Comfort olefins 1 and olefins 2, are shut down and restart date has not been specified yet. One of the leading petrochemical manufacturers LyondellBasell declared force majeure on PE after shutdowns at Matagorda, Chocolate Bayou and La Porte, Texas. It has declared force majeure on several products including ethylene oxide (EO), ethylene glycols -(EG), propylene glycol (PG), glycol ethers after issues at Bayport, Texas. LyondellBasell had a power supply interruption at Channelview ..
Published on September 1, 2017
Hurricane Harvey has shattered the lives of people in Texas. To add to their miseries blast was reported in petrochemical plant at the Arkema facility in Crosby, Texas, early Thursday morning. The company says it expects “eight other containers to do the same thing” as the first one, company executive Richard Rennard said at a press conference. “We don’t want people returning back to their homes thinking this is over. It is not over." As the waters begin to recede and the ..
