Published on December 25, 2018
China based Yankuang Guohong Chemical has delayed the restart of its Methanol unit. The unit was shut down last week due to some technical fault. The restart date has not been specified yet but according to sources it may resume production after one week.Unit is based at Shandong province of China and has the production capacity of 5,00,000 tonne/year. ..
Published on December 22, 2018
Jamnagar based Reliance Industries Limited will expand its Jamnagar refinery capacity from 35.2 MT to 41 MT. RIL’s current refinery complex in Jamnagar has a cumulative capacity to process 68.2 MTPA of crude oil. After expansion, RIL’s total crude oil processing capability would increase to 74 MTPA, overtaking Indian Oil Corporation’s cumulative capability of 69.2 MTPA. This in turn will make it one of the largest refineries across Asia.According to ministries committee on ..
Published on December 21, 2018
Reliance Industries Limited has shut down its Poly vinyl chloride (PVC) unit based at Hazira. This was an unplanned shutdown as some technical issues arose in the operation of plant. The unit will remain off-stream for around 2-3 weeks. However the company has not released any official notice for the same.Unit is based at Hazira in Gujarat and has the production capacity of 3,60,000 mt/year. ..
Published on December 14, 2018
JXTG Nippon Oil has shut down its cracker for maintenance turnaround. The production was put on halt two days back for maintenance work. The production will remain on halt for 10-12 days.Unit is based at Kawasaki in Japan and has the production capacity of Ethylene 4,48,000 mt/year and Propylene capacity around 2,73,000 mt/year. ..
Published on December 11, 2018
Sinopec Zhenhai Refinery and Chemical has restarted its Para Xylene unit after brief maintenance schedule. Earlier the unit was shut down in the last week of October for scheduled annual maintenance. Unit remained off-stream for around 45 days.Unit is based at Ningbo in China and has the production capacity of 6,60,000 tonnes/year. ..
Published on December 11, 2018
Chevron Phillips Chemical is planning to shut down its Para Xylene unit Pascagoula, Mississippi. The company did not specify the reason for this shut down, but will leave this business by end of this year. The company said it is leaving the business because it is not material to the company's financial results.The plant has the production capacity of 4,95,000 tonnes/year. The plant represents about 10% of US capacity. ..
Published on December 10, 2018
Hanwha Total Petrochemical will invest around $500 million to expand its Poly Propylene capacity at its Daesan based petrochemical complex in South Korea. This will increase the production capacity to 1.1 million tonnes per day, nearly 60% improvement in the line by the end of 2020.This will increase the Ethylene capacity to 1.5 million tonnes. All these investments are designed to take advantage of competitively priced propane feedstock, which is abundantly available due to the shale gas r ..
Published on December 3, 2018
In a major move at G20 Summit held in Argentina, the United States has declared that it will not raise tariffs on $200 billion worth of Chinese goods to 25% from January 1 for a 90-day period pending trade negotiations. On Trade front, President Trump has agreed that on January 1, 2019, he will leave the tariffs on $200 billion worth of product at the 10% rate, and not raise it to 25% at this time. President Trump and President Xi have agreed to immediately begin negotiations on structural ..
Published on December 1, 2018
Operations have been restarted by naphtha cracker at Yeosu. LG Chem has restarted its operations which were earlier shut down for around one month for maintenance.The unit is based at Yeosu in South Korea and has the production capacity of ethylene capacity of 1 million mt/year, propylene capacity of 500,000 mt/year. ..
Published on November 22, 2018
Two major state owned refineries will continue to purchase crude from Iran . The companies have placed an order of 1.25million tomes of crude to be imported from Iran despite of sanctions from US. "India is continuing with its relationship with both its key energy partners Iran and the US," a second source said. Indian refiners imported around 10 million barrels of Iranian oil in October, and its November shipments are expected to be lower. India, Iran’s top client after China, has close d ..