Published on June 16, 2017
Chinese Company Hengyi Petrochemicals announced recently that it will complete the construction of its refinery and complex by 2018 and production will commenced by 2019. Earlier the target was set for 2015 which has been already delayed by more than 4 years. The local construction and authorities are responsible for this delay. The facility will primarily provide feedstock for Hengyi's massive Chinese production of pure terephthalic acid, or PTA, an intermediate for making polyester. But ..
Published on June 16, 2017
Hamad Port will launch and add new service lines with Europe and Southeast Asia in near term. This comes after the Ministry of Transport and Communications announced the launch of a new shipping line between Qatar and India. The new service connects Hamad Port with the Mundra and Nhava Sheva ports in India. As per report, listing the highlights and advantages of the new shipping line, the MoTC said it will involve weekly sailing, provide a direct express connection between Mundra, Nhava Sheva ..
Published on June 14, 2017
State-owned refiners Indian Oil Corp. (IOC), Hindustan Petroleum Corp. Ltd (HPCL) and Bharat Petroleum Corp. Ltd (BPCL) will sign a deal today to set up a joint venture refinery-cum-petrochemical complex on coastal Maharashtra, which would be the world’s largest with a capacity of 60 million tones. The plan to add refining and petrochemical capacity in the country comes in the wake of rising consumption of hydrocarbons and the government’s efforts to make India a regional refining a ..
Published on June 12, 2017
NWIW(North West Innovation Works approved two more methanol projects in Kalama. Washington State Department of Ecology issued a shoreline conditional use permit for the plant itself and a water quality certification for a 3.1-mile natural gas pipeline to feed the methanol plant. the three permits mean Northwest Innovation is nearing the final stages of permitting, three years after the Chinese-backed company announced its plans for a project at the Port of Kalama. Port officials still are awaiti ..
Published on June 9, 2017
The gulf coast continues to dominate US chemical construction. Six of the eight new U.S. ethylene projects now being built sit along the Gulf. Companies like Houston’s Occidental Petroleum, Michigan’s Dow Chemical and Japanese subsidiary Shintech are all building or have recently built there. And companies are looking to build more along the coast. In total, 200 petrochemical projects are planned or under study in the U.S., representing over $150 billion in capital investment over ..
Published on June 8, 2017
Kaveh Methanol plant which is regarded as one of the world’s largest methanol plant has completed more than 95% of its construction. This project is being implemented in the Persian Gulf city of Banda Dayyer. The facility is being built to produce two million tons of methanol per annum or 7,000 tons per day. Since Iran is one of the richest resources of natural gas, it can be a forerunner in olefin production out of methanol if investing in such projects as MTO/NTP. The products will shar ..
Published on June 7, 2017
As announced earlier DNL (Deepak Nitrite Ltd) has started the construction of its mega project to manufacture 200,000 MTPA of Phenol and 120,000 MTPA of the co-product Acetone. This will be supported by manufacturing 260,000 MT of Cumene, which is a feedstock for manufacturing Phenol and Acetone. This proposed plant is located at Dahej in Gujarat. The total expenditure of this project is estimated to be around Rs1400 crore. According to company sources, the world-class Phenol & Acetone proje ..
Published on June 6, 2017
The leading petrochemical company Binh Son Petrochemicals of Vietnam is planning to shut its unit for maintenance turnaround. The unit will be shut down in this month for around 7 weeks. Unit is based at Vietnam and has the production capacity of 1,50,000 mt/year. ..
Published on June 5, 2017
A major explosion rocked a petrochemical plant in Shandong province of China. The cause of incident is still unknown. Authorities are investigating the real cause and the actual damage caused to the unit. The blast occurred at 1 a.m. and triggered fires at the loading area of Linyi Jinyu Petrochemical Co. Ltd. in the Linyi Lingang Economic Development Zone. Earlier in 2015 Massive chemical explosions in the port city of Tianjin killed more than 170 people. Chinese President Xi Jinping vowed afte ..
Published on June 3, 2017
SK Capital Partners, a private investment firm specialized in the specialty materials, chemicals and pharmaceutical sectors, announced that it has completed the acquisition of D.B. Western, Inc – Texas, a leading technology-driven producer of formaldehyde and derivatives. The company’s La Porte, Texas, plant is the largest merchant market plant in North America serving a variety of applications including oilfield, refineries and petrochemicals. The company will be renamed Foremark Pe ..
