Published on July 22, 2017
Reliance Industries Limited (RIL) The major turnarounds in this sector has been the announcement of and the successful and flawless commissioning of the last crystallization train (Train 3) of the Para-xylene (PX) complex at Jamnagar. This plant is built with state-of-the-art crystallization technology from BP which is highly energy efficient. With the commissioning of this plant, RIL’s PX capacity has more than doubled making it world’s second largest producer of PX with about 11% o ..
Published on July 21, 2017
Indian oil Corp Ltd (IOCL) has started maintenance at its polypropylene (PP) plant. The plant has undergone planned shutdown last weekend. Unit is based at Panipat in Haryana.The plant is expected to remain under maintenance until mid-August 2017. The PP plant comprising two units has a production capacity of 300,000 mt/year each. ..
Published on July 20, 2017
State owned HPCL is building a new 9 mln tpa refinery-cum-petrochemical complex at Pachpadra in Rajasthan and a petrochemical complex at Kakinada in Andhra Pradesh as part of a Rs 61,000-crore expansion. HPCL is also planning to invest huge chunk in the next four years for expanding and upgrading its existing refining capacity to meet higher quality fuel norms. HPCL is upgrading both its Mumbai and Visag refineries to produce fuel meeting Euro-VI emission norms. ..
Published on July 19, 2017
Reliance Industries Ltd (RIL) has received environment clearance for expansion and debottlenecking of its Dahej petrochemical facility in Gujarat at a cost of Rs 13,250 crore. The green nod to the proposed project, which will be carried out within the existing plant area of 700 hectare, is subject to some conditions, the official said. The fuel used for the proposed project would largely be ethane, lean gas and off gas. The power required for the project will be met from the existing captive pow ..
Published on July 18, 2017
Haldia Petrochem Limited (HPL) had asked West Bengal government for setting up an upstream refinery plant in order to reduce the imports of naphtha. "We want to set up an upstream refinery plant here and we are getting ready for that. We seek more land for the project," the company's Executive Vice President and head of the plant Ashok Kumar Ghosh said. HPL used to procure about 20% of its naphtha requirement from the refinery here. "The refinery (at Haldia) can supply up to 20% of our req ..
Published on July 17, 2017
OPEC said its oil production jumped in June and as per analysis world demand for its crude will decline next year as rivals pump more, pointing to a market surplus in 2018 despite an OPEC-led output cut. As per report, the world will need 32.20 million barrels per day of crude from its members next year. The report also said Saudi Arabia, which earlier this year voluntarily cut production to below its OPEC goal, boosted output to 10.07 million bpd in June, slightly above target. Supply is risin ..
Published on July 15, 2017
Siam Cement Group of Thailand which is wholly owned subsidiary, Vina SCG Chemicals has made the final investment decision to proceed with the construction of its multibillion dollar petrochemical project in Vietnam. SCG said in a regulatory filing today that Long Son Petrochemicals Co. (LSP), in which SCG has an indirect stake of 71%—53% through Vina SCG Chemicals and 18% through Thai Plastic and Chemicals—with PetroVietnam holding 29%. LSP is located 100 kilometer from Ho Chi Minh C ..
Published on July 14, 2017
Zhejiang Petrochemical has started construction of the first phase of its refining and petrochemical complex on the island of Zhoushan, near Shanghai, in Zhejiang province. This Petrochemical's project will consist of two 400,000 barrels-per-day oil refineries and two 1.4 million tonnes-a-year ethylene plants, according to an environmental evaluation paper from the Zhejiang provincial government dated May 3.The project is part of Beijing's efforts to bring private investors into the count ..
Published on July 13, 2017
Iran has shown major investment in development of Pars Special Economic Energy Zone. PSEEZ is located in Hormozgan Province in the south of Iran. Zanganeh, while voicing satisfaction towards earlier measures taken in the zone, asserted “certain barriers have been removed and positive development have recently taken place in PSEEZ.” This zone has been described as zone as the best spot for expansion and development of petrochemical industries noting that the Oil Ministry was supplying ..
Published on July 12, 2017
European Commission issued a notice that the origin of China's Melamine to make anti-dumping sunset final ruling. The European industry has decided to continue to maintain the anti-dumping measures against the products involved. The investigation period is April 1, 2015 to March 31, 2016, the damage investigation period for the January 1, 2012 to the end of the investigation period. According to the final result: three Chinese enterprises limit the minimum import price of 1153 euros / ton, other ..
