Published on May 16, 2017
Soon petrochemical project to become more big and huge in Louisiana. It will be one of the most expensive part of Southwest Louisiana’s economic boom. Originally proposed as an $11 billion LNG facility, the G2 project on the Calcasieu Ship Channel in Cameron will now include a petrochemical facility. The additional plans bring the grand total of the project to over $23 billion. The two sites will create 6,000 construction jobs and 700 permanent positions. G2 is also bringing in foreign i ..
Published on May 15, 2017
The country’s leading oil distributor and refiner, Petron Corp is planning to invest more its refining capacity in Malaysia to produce petrochemicals and aromatics. Currently the capacity of the refinery is 80,000 bpd and after expansion it will about 150,000 bpd, as per report. Petron also intends to expand the capacity of its oil refinery in Limay, Bataan, Petron and San Miguel Corp. In Bataan Petron’s oil refinery will likewise be expanded from 180,000 bpd day to 270,000 bpd. ..
Published on May 13, 2017
Methanol plant has been shut down by League Chemical. The plant is based at Shandong in China and has the production capacity of 250 Kt/year. Earlier the unit was shut down on 6th may and will remain off-stream for around three weeks. Methanol unit will resume its production on 20th May 2017. ..
Published on May 12, 2017
PTT Global Chemical is planning to shut its no2 para xylene plant for maintenance turnaround. The plant is likely to go off-stream in the mid of June. It is likely to remain off-stream for around 4 weeks. Unit is based at Rayong province in Thailand and has the manufacturing capacity of 765000 mt/year. ..
Published on May 11, 2017
The final agreement has been drafted between Jurong Aromatics and Exxon Mobil. The company will be acquire its Jurong based unit. This aromatic complex includes a 100,000 b/d condensate splitter, also has the capacity to produce 783,000 mt/year of jet fuel, 647,000 mt/year of light naphtha, 662,000 mt/year of gasoil, 283,000 mt/year of LPG, 35,000 mt/year of fuel oil, 46,000 mt/year of hydrogen and 18,000 mt/year of heavy aromatics, as well as petrochemical products including 800,000 mt/yea ..
Published on May 10, 2017
Assam Petrochemicals Ltd has started the construction of new methanol plant. APLis one of the leading petrochemical company in north east of country. The company has initiated the construction for 500 TPD of Methanol and 200 TPD Formalin project. Earlier, with a complete ‘vedic ritual’, a bhumi pujan ceremony was also organised and performed by Ratul Bordoloi, Managing Director APL in the presence of notable dignitaries including APL’s chairman, Jagadish Bhuyan, local MLA Noren ..
Published on May 10, 2017
On Tuesday, closing crude values have decreased.WTI on NYME closed at $45.88/bbl, prices have decreased by $0.55/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.61/bbl in compared to last trading and was assessed around $48.73/bbl. ..
Published on May 9, 2017
Malaysian state-owned oil company Petronas and its partner Saudi Aramco are in plan to construct more petrochemical plants in Malaysia to make full use of raw materials from their joint venture. Aramco signed a deal in late February to take a US$7 billion investment in the RAPID (Refinery and Petrochemical Integrated Development) joint venture with Petronas in Pengerang, southern Malaysia. There will be specialty chemicals using the C4s technology referring to petrochemicals produced from naphth ..
Published on May 8, 2017
HPCL and its partner Lakshmi N Mittal will be investing around 3billion dollar in esgtablishing a petrochemical unit at their Bhatinda refinery in Punjab. HPCL-Mittal Energy Ltd (HMEL) is planning to set up 1.7 million tones of naphtha cracker unit to produce basic raw material for making plastics. "It will be a 1.2-million tonne plant, expandable to 1.7 mt," HPCL Chairman and Managing Director M K Surana said here. Around 4 year period is likely to take in setting up this plant. "We have lan ..
Published on May 8, 2017
K Saraswat, key member of Niti Ayog said that the commission is focusing on drawing a roadmap for India to tap the full potential of the alternate fuel. Special committee has been set up on Methanol talks about the larger plan to structure the Methanol economy and ramp up its production and uptake. Target is to create basic awareness that methanol is the right (alternate) route as a fuel and that has been done in academic institutions, industry and even in the ministries. Methanol stores energy ..
