Published on September 14, 2018
Bharat Petroleum Corporation Limited (BPCL) is in plan to set up a Rs. 40,000-crore petrochemicals plant at Rasayani in Raigad District of Maharashtra to manufacture polypropylene (PP) and polyethylene. The company also plans to shift its LPG bottling plant, storage facilities and bitumen plant to Rasayani, 60 km away from its Mumbai plant. As per report, R. Ramachandran,Director Refineries, BPCL, told that the Rasayani plant was at initial investment stage. “Company is doing feasibilit ..
Published on September 13, 2018
Iran’s new Marjan Petrochemical Company is ramping up operations at its new Methanol unit. The unit has the production capacity of 1.6 mln mt/year. Unit will be based at Aasaluyeh in Iran. The unit currently opeartes at around 50-60 % of its capacity. India is one of the major purchaser of Methanol from Marjan Petrochemcial. But at priesent it has also curtailed its imports as Indian currency has deprecitaed to its lowest levels againt dollar. ..
Published on September 12, 2018
PTT Global Chemical has shut down its steam cracker for maintenance turnaround. The unit was shut down in the first week of September and is likely to remain off-stream for around one month. The unit may resume its production in the next month. Unit is based at Map Ta Phut in Thailand and has the production capacity of Ethylene around 460,000 mt/year and a propylene capacity around 125,000 mt/year. ..
Published on September 11, 2018
European toluene market is moving with balanced pace as supply available in ample amount. As per market report, some plants are going to shut for maintenance turnarounds and several plants are going to start in Europe through September and October. A sudden rash of offers in the market has caught several traders and consumers by surprise when it had looked "super tight”. As per market report, last month, looking to September players was a bit worried about supply because of a lot of tur ..
Published on September 10, 2018
Growing escalation for petrochemicals toward the automotive and building & by construction industries is driving the demand for methanol. The market size for methanol is expected to attain USD 54.16 billion by 2021. With the increasing usage of methanol in the production of olefins in some major economies, such as India, China, and Japan, the market is expected to grow further. Hence, the use of methanol is increasing in various end-use industries, and is expected to grow rapidly in the ne ..
Published on September 8, 2018
State owned company Indian Oil Corp (IOC) is planning to start its MEG in Odisha by 2021. The plant will be located at IOC’s petrochemical complex linked to its 15m tonne/year Paradip refinery. The company has taken the necessary approvals and licenses for the same. The plant is likely to be commissioned by April 2021. OC also plans to build a 1.2m tonne/year purified terephthalic acid (PTA) plant at the site. The project will incur an investment of Rs 145bln . IOC also plans to ..
Published on September 7, 2018
Methanex Corp has given a contract to Johnson Matthey PLC to provide its technology to Methanex’s proposed new 1.8m tonne/year methanol plant be built adjacent to Methanex’s existing methanol plants in Geismar, La. As per source, Johnson Matthey will supply a license for a 5,000-tonne/day ATR methanol technology flowsheet, including associated engineering, proprietary equipment, and catalyst supply for the unit, which will have a production capacity of 1.8 million tonnes/year. ..
Published on September 6, 2018
Iranian President Hassan Rouhani launched new projects to produce methanol, urea and ammonia in the southern city of Assalouyeh, will cost 1.85 billion U.S. dollars. The Marjan petrochemical plant, with capacity to make 1.65 million mt/year of methanol, and the third phase of the Pardis petrochemical plant, with capacity to produce 1.755 million mt/year of urea and ammonia. As per report, Pardis is the biggest urea-producing plant in the world with capacity of 5.265 million mt/year. The coun ..
Published on September 5, 2018
Chinese firm Yuhuang’s Methanol project has entered into key phase in its construction phase. According to the company sources “the installation of our first major equipment on foundation this week signified our project has entered above-ground construction phase, a new breakthrough in building our facility here. "We will gradually place in the majority of the large equipment on foundation, stepping into the construction assembly stage," The methanol production facility ..
Published on September 4, 2018
VAM prices in Southeast Asia and India for September shipments remained low on high competition amongst suppliers due to increasing output in China and scrawny demand in the domestic market. As per report, the strong dollar and bearish demand with good inventory has turned the market bearish and market player are not anticipating the buying interest over $1,050/tonne CFR India. In Southeast Asia, prices of VAM were at $1,230-1,270/tonne and CFR SE Asia prices were $1,250-1,290/tonne. ..
