Headlines

Published on August 18, 2017

Styrene unit is likely to undergo maintenance by LG Chem. South Korean company has announced its maintenance schedule for SM unit. The unit will undergo maintenance October. The unit has the production capacity of 1,80,000 mt/year. Unit is based at Daesan in South Korea and is likely to remain off-stream for around 3-4 weeks. ..

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Published on August 17, 2017

Russia basede Rosneft has been improving its relations with Chinese firm to next level. In 2016, Russia became the largest supplier of crude oil to China - accounting for almost 14% of the Chinese import. In the last year, the share of China in the structure of the Russian oil export achieved 20.6% which made it our key trading partner in this sphere. In 1Q 2017, the export of the Russian oil to PRC increased by another 12% relative to 1Q 2016. But energy resource trading is only a base of Ro ..

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Published on August 16, 2017

China based Huala Hengshen will restart its Methanol plant. The company earlier decided to expand its Methanol unit. The plant has increased its capacity by 1000/mt year. Unit will start its production ini the last week of August. Unit is based at Shandong province of China. ..

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Published on August 14, 2017

Indian government has been focusing on restructuring the petrochemical industry of the country and is planning to invest $ 35 billion to upgrade the existing industry. The drive comes as the government seeks to promote durable, cheaper materials in industries such as farming and food packaging, while refiners eye long-term threats to their business from renewable energy and a shift to electric vehicles. However the bigger giants like Indian Oil Corp (IOCL), Bharat Petroleum Corp Ltd (BPCL) and ..

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Published on August 12, 2017

Iran based National Petrochemical Company has signed a deal with Air Liquide to license Air Liquide’s methanol-to-propylene (MTP) technology. According to sources,t Air Liquide will not be involved in the methanol part of the project but will participate in the technology to integrate methanol into the MTP plant. As Iran is one of the major producer of methanol and has been seeking to add value to the product. The new plant is expected to require 1.65 million metric tons/year (MMt/y) of me ..

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Published on August 11, 2017

Royal Dutch Shell said plans to resume Europe's largest oil refinery by the end of August it was shut on 30th  July due to fire at a power plant. Shell began restarting some units at the 404,000-barrels-per-day Pernis refinery in Rotterdam. We hope to restart most of our units before the end of August," a company spokesman said. The restart comes after Shell engineers were able to restore some of the power supply through alternative sources. As per source no production units were damaged ..

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Published on August 10, 2017

Indorama Ventures Will be restarting its Ethane cracker near Lake Charles in Louisiana. "Approximately 90% of the output produced will be used as a feedstock at [Indorama's] Texas EO/EG facility," the company said in a statement. Currently out of production the ethane cracker has the production capacity to produce 420,000 mt/year of ethylene and 20,000 mt/year of propylene. The site was previously owned by Equistar Chemicals and was taken out of service on February 17, 2001 as a result of red ..

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Published on August 9, 2017

Indian Oil Corp board has agreed Rs 15,034 crore investment to swell its Gujarat refinery by 2022. Expansion of capacity of refinery at Vadodara will help to fulfill the mounting order for products in the region. The wxpansion will be 18 million tons from existing 13.7 million tons. IOC Chairman Sanjiv Singh said the new refinery configuration proposed will take into account the likely disruptions in the fuel supply-demand scenario in the future and will have built-in flexibility in its opera ..

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Published on August 4, 2017

Fire broke out at GS Caltex’s refinery and petrochemical complex at Yeosu A major incident of fire was reported at South Korean produce GS Caltex’s refinery and petrochemical complex. This has led to the shutdown of no2 catalytic reformer. According to company sources, a Parex unit, which separates paraxylene from mixed xylenes, was also shut, while the toluene disproportionate unit and other toluene-to-PX units were operating as usual. If the No. 2 CCR, one of two CCRs, remains shu ..

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Published on August 3, 2017

The leading manufacturer of Acetic Acid in India, GNFC has revised its basic price of Acetic Acid with effect from August 1, 2017. The company has reduced its value by Rs.5.070 mt/ton. The new prices announced are Rs.34.5/Kg respectively. The unit is based at Bhahruch in Gujarat. ..

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