Published on October 19, 2018
France's Total has signed an agreement with India's Adani Group, that will see them jointly develop a fuel retail network and various LNG regasification terminals in India. Total and Adani will set up a joint venture to build a retail network of 1,500 service stations over a period of 10 years. The retail outlets will offer Indian customers Total's full range of fuels and lubricants, the companies said in a joint statement Wednesday. The outlets will be set up on the main roads, such as highwa ..
Published on October 17, 2018
India is looking towards European nations for Mixed xylene imports. India’s leading petrochemical manufacturer Reliance has imported 15000-20000 mt of mixed xylenes in the month of September. Reliance is the second largest manufacturer of Para Xylene in the world with the production capacity of 4.2 mln mt/year. Its Para Xylene manufacturing is based at Jamnagar in Gujarat. However it has further stated that import will not be on regular basis. ..
Published on October 15, 2018
US and India will have high level discussions and meetings with respect to cutting of imports from Iran. The sanctions will imply within three weeks and most of the nations are under confusion from where the demand will be fulfilled. India has been seeking relief from the US sanctions, with the highest-level talks happening in New Delhi in September between the foreign and defense ministers from both countries. Current prices suggest India's decision to continue to bring in Iranian crude makes s ..
Published on October 12, 2018
Reliance Industries Ltd (RIL) raised prices of at least seven key petrochemicals in the last quarter to offset higher crude oil prices and counter the effect of a weakening rupee. Analysts tracking the prices believe that prices has increased by 10-21% in the second quarter of this fiscal while year-on-year increase is 17-61%. These products include purified terephthalic acid (PTA), monoethylene glycol (MEG), polyester staple fibre (PSF), partially oriented yarn (POY), polypropylene or high dens ..
Published on October 11, 2018
The cracker has been restarted by JXTG Nippon Oil & Energy in the last week of September 2018. Earlier the unit was shut down in the second week of August for annual maintenance. The cracker is based at Kawasaki in Japan and has the production capacity of Ethylene around 4,48,000 mt/year and Propylene around 2,73,000 mt/year. ..
Published on October 10, 2018
Union Petroleum Minister Dharmendra Pradhan said Indian companies will continue to import crude oil from Iran next month despite United States’ sanctions on Tehran coming into force from November 4. Pradhan said two state refineries have made nominations to purchase Iranian oil in November. The Indian Oil Corporation and Mangalore Refinery and Petrochemicals have ordered a total 1.25 million tonnes of crude. As per report, Sanctions against Iran will block payment routes for India thro ..
Published on October 9, 2018
Bharat Petroleum Corp. Ltd. (BPCL) has received approval from its board of directors to establish facilities for the production of polyols, propylene glycol and monoethylene glycol in Kochi, India. The project, will cost around Rs 11,130 crore and will be based at the company's Kochi Refinery, where its refining capacity is currently being expanded to 15.5-million t/y from 9.5-million t/y. BPCL is also establishing its new Propylene Derivatives Petrochemical Project (PDPP) at Kochi, which i ..
Published on October 8, 2018
Siemens Water Solutions got an order to complete wastewater treatment system for Tianjin Bohua Chemical Development’s (a subsidiary of Bohai Chemical Group) new propylene oxide-styrene monomer (POSM) plant.The plant is based at the Nangang Industrial Zone in northern China’s Tianjin, having a production capacity of 200 000 tpy of propylene oxide and 450 000 tpy of styrene monomer. ..
Published on October 6, 2018
LyondellBasell has announced that Zhejiang Petroleum & Chemical Co. Ltd has selected LyondellBasell’s polypropylene, high-density polyethylene and low-density polyethylene technologies for five new plants. The plants will be built in ZPCC’s petrochemical complex in Zhoushan City, China. The complex will include two 450 000 tpy PP plants that will use LyondellBasell’s Spherizone PP process technology and two LDPE plants, 300 000 and 400 000 tpy respectively, which will use L ..
Published on October 5, 2018
Sahara Petrochemicals Company and Saudi International Petrochemical Company have signed a non-binding agreement to merge, in a deal valued at $2.2 billion based on share price. As per report, under the arrangement, which is still contingent on the completion of a binding implementation agreement, Sipchem will make an offer to acquire all shares in Sahara. The merger will help to strengthen the product portfolio of the firms and diversify their feedstock supply, among other things, while simult ..