Published on August 31, 2017
Kuwait Para Xylene Production Co has used Honeywell technology to the performance of of its CCR Platforming and aromatics complex, which produces paraxylene for plastic fibers and films, at its Shuaiba petrochemical facility in Safat, Kuwait. KPPC is a wholly-owned subsidiary of Kuwait Aromatics Company (KARO), a joint venture between Petrochemical Industries Co. (PIC), Kuwait National Petroleum Company and Qurain Petrochemical Industries Company. As the aromatics unit of PIC, KPPC is one of th ..
Published on August 30, 2017
With increase in demand for petrochemical produvts year over year, the public sector companies will invest Rs 32,000 crore to pust up the output by fiscal year 2021. This investment is part of the overall Rs 1.8 trillion capex planned for the next five to seven years. Indian Oil has already executed petchem projects worth Rs 20,800 crore and is close to commission a Rs 3,150-crore polypropelene plant at its 15-million tonne refinery at Paradip in Odisha. The new projects include MEG (mono eth ..
Published on August 29, 2017
Heavy rains and floods has led to shutdown of major refineries in US gulf coast. Housston is regarded as hub for refineries and petrochemical plants. Several more companies have shut down plants as precautionary measures to Harvey impacts or have had production issues as a result of severe weather and flooding: Ascend declares force majeure on Chocolate Bayou -American Acryl Bayport shuts acrylic acid Celanese shuts Pasadena methanol. Chevron Phillips Chemical (CP Chem) shuts Cedar Bayou olefi ..
Published on August 28, 2017
ExxonMobil has completed the acquisition of Jurong Aromatics, a refining and petrochemical plant in Singapore, that will meet fast-growing demand in Asia. This acquisition will boost the US company's aromatics production in Singapore to more than 3.5 million tonnes per year, including 1.8 million tpy of paraxylene, a petrochemical used in the making of plastic bottles and synthetic fibre. The acquisition of Jurong Aromatics will also add about 65,000 barrels per day of transportation fuels cap ..
Published on August 26, 2017
Oil and natural gas infrastructure along the Gulf of Mexico are predictable to shut and as a result of Hurricane Harvey at the Texas Gulf Coast. Texas Gulf Coast is a region that accounts for nearly 20% of total crude oil output and nearly one-third of domestic refining capacity. Gas prices fell on account of minimal trading activity. Texas offshore gas production settled firm from Friday, as it looked like Harvey was starting to chip away at Louisiana production as some operators were sh ..
Published on August 25, 2017
India's most valuable company, Reliance Industries, is ready to gain further from backward integration that would increase margins at its petrochemicals operations. As per report, with the start of the ethane substitution project, which entails importing 1.6 million tonnes of ethane from the US every year, RIL would lower its dependence on feedstock such as propane and naphtha that are used in ethylene production. RIL is the first company in the world that has started large-scale ethane impo ..
Published on August 24, 2017
Indian Oil Corp and Odisha has reached a settlement on tax related issues to Paradip refinery under which the company will begin paying state taxes in exchange for the state government giving Rs 700 crore as interest fee loan annually for 15 yearsas viability gap funding. It is agreed that state government will give Rs 700 crore per annum interest free loan for 15 years; earlier state head agreed to provide total deferment of VAT," Pradhan tweeted. IOC will have to immediately depos ..
Published on August 23, 2017
Bharat Petroleum Corporation Ltd is the third-largest crude refiner and marketer of petroleum products in India has been set to invest around Rs 18,000 crore on expansion of its refineries in the next five years, in order to add another 19 million tonne (mt) refining capacity. As part of the expansion, the company is planning to have at least 15 mt capacity in each of its refineries, including Mumbai, Kochi and Bina (Madhya Pradesh). It also plans to expand capacity of the Numaligarh refinery i ..
Published on August 22, 2017
Bharat Petroleum Corp. Ltd. is moving ahead with previously announced plans to build a petrochemical complex at the company’s Kochi, India, refining site. The complex, based on propylene, will produce acrylic acid, acrylates, and oxo alcohols. The total investment cost is about $700 million. The planned complex will have the capacity to produce 180,000 metric tons/year of butyl acrylate, 47,000 metric tons/year of ester-grade acrylic acid, 47,000 metric tons/year of 2-ethyl hexanol, 38,0 ..
Published on August 21, 2017
A major incident of fire was reported at PetroChina refinery in China. It is regarded as one of the country’s largest refinery. The fire came just two months after the Dalian refinery finished a planned major maintenance. No causalities has been reported yet. The refinery in Liaoning province and owned by PetroChina Dalian Petrochemical Corp, has three crude distillation units with total processing capacity of 410,000 barrels per day of crude oil. Catalytic crackers typically produce gasol ..
