Published on September 1, 2018
China based The Hebei Tianlu Energy has restarted two of its Methanol units after brief maintenance schedule. Earlier the units were shut down last week for brief maintenance. The units are based in Hebei province of China and one of its unit has the production capacity of 1,50,000 tonnes/year. ..
Published on August 30, 2018
Major weather events in recent years have demonstrated a growing need for diversifying America’s petrochemical industry. A year ago this week, Hurricane Harvey hit Texas — and within six days, 27 trillion gallons of rain had fallen on the region. Winds reaching up to 135 mph tore through the nation’s fourth-largest city, devastating Houston and the Gulf Coast. Major weather events in recent years have demonstrated a growing need for diversifying America’s petrochemical ..
Published on August 29, 2018
Petroleum Minister on Monday said that the government wants state-run Gail (India) to exit its petrochemical business. On the other hand, contrary to the earlier reports of hiving off the company's marketing division, the Gail board is planning to have marketing and pipeline segments to be "independent and autonomous with separate balance sheets". "The Gail board has approached the government saying that they are working on a similar proposal to have separate segments for pipeline and marketin ..
Published on August 28, 2018
Aromatic production in South Korea and Japan remained unaffected largely due to closure of ports by typhoon Soulik and Cimaron. The strong strong winds and the heavy rain accompanying Typhoon Soulik have forced the closure of Daesan, Ulsan, Incheon and Yosu ports in South Korea, company sources at Hanwha Total, GS Caltex and SK Global Chemical confirmed Friday."Of course, the temporary shutdown of the ports throws out the delivery schedule of not just petrochemicals, but also upstream products l ..
Published on August 27, 2018
Gujarat Narmada fertilizers Company is planning to take its Acetic Acid unit off-stream for maintenance. The restart date has not been specified yet by the company. The unit us based at Bhahruch in Gujarat. The unit has the annual production capacity of 1,55,000 tonnes/year. GNFC is a major producer of urea and ammonia as well as chemicals such as methanol, aniline, toluene di-isocynate and formic acid. ..
Published on August 25, 2018
Yuhuang Chemical, a wholly owned subsidiary of Shandong Yuhuang Chemical Company, Ltd., has entered into an offtake agreement with Koch Methanol for the supply of methanol from its St. James Parish, Louisiana facility. As part of its investment, affiliates of Koch Methanol will receive the exclusive methanol offtake rights from the new facility, as well as construct, own, and operate the methanol terminal assets for the outbound flow of methanol via marine, rail, and truck logistics," the statem ..
Published on August 24, 2018
The US-China trade war escalated as a new round of tariffs affecting $16bn worth of imports, including petrochemicals, took effect at midday in Asia on Thursday, raising the total value of affected goods to $50bn on each side. The second wave of US tariffs on Chinese imports is being implemented less than two months since the first salvo on 6 July, and just as trade negotiations between the two countries were revived in Washington. In a statement issued on Thursday noon, China’s Ministry ..
Published on August 23, 2018
S-Oil (Seoul, South Korea), a large producer of aromatics majority-owned by Saudi Aramco, will be carrying out a feasibility study to build a mixed-feed cracker with a capacity of 1.5 million metric tons/year (MMt/y) as well as downstream petrochemical units. The project, which will require an investment of more than 5 trillion South Korean won ($4.46 billion), forms part of S-Oil’s phase-two investment to expand its petrochemical business. It aims to complete the investment by 2023. The ..
Published on August 21, 2018
Mitusi Chemicals has restarted its production after fire erupted in the month of June at its Osaka based unit. The fire occurred in a utility plant during a scheduled maintenance, which was expected to be completed in late July. The 500,000-t/y naphtha cracker was not directly affected. Other production will also be restarted in order. Unit based in Osaka has also other facilities like olefins, aromatics, ammonia, urea, phenol, ethylene oxide, ethylene glycol, ethanolamine, unsaturated p ..
Published on August 18, 2018
Like other global currencies Chinese Yuan has also drifted significantly in last few months. Yuan has reduced by 10% against US dollar. Similar scenario is witnessed by Lira of Turkey and Rupees of India. Plunging of Yuan has compelled the importers to look for domestic market to cover up their requirements. A weak currency makes US dollar-denominated imports more expensive. As China is a major importer of petrochemical products in Asia, its absence translates to some downward pressure on regio ..
