Headlines

Published on June 19, 2018

China based Zhejiang Xingxing will soon to restart its MTO unit after brief maintenance schedule.Earlier the unit was shut donw on 25th May for an annual maintenance program. The unit is based at Zhejiang province of China and has the manufacturing capacity of MTO around 600 Kt/year. The other integrated downstream products of the company are PP and MEG EO. ..

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Published on June 18, 2018

Japan based JXTG Nippon Energy & Oil has shut down its refinery after a major earthquake hit the western Japan. The refinery had a technology of automatic shutdown after earthquake.  The refinery has  a capacity of 1,15,000 bpd. This refinery is a joint venture of JXTG Nippon Oil & Energy (51%) and Petro China International Japan (49%). ..

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Published on June 16, 2018

Shandong Wonfull Petrochemical Co., Ltd. will use Honeywell UOP's C3 Oleflex™ propane dehydrogenation technology to produce 250,000 metric tons per year of polymer-grade propylene at its facility in the Huantai Economic Development Zone in China's Shandong Province. Honeywell will provide licensing, the process design package, proprietary and non-proprietary equipment, on-site operator training, technical services for startup and continuing operation As per report, the tremendous growth i ..

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Published on June 15, 2018

Indorama Ventures Public Co Ltd (IVL) and India’s Dhunseri Petrochem have joined hands to acquire and restart a 540,000 tonne/year polyethylene terephthalate (PET) facility in Egypt. A 50:50 joint venture was formed between IVL indirect subsidiary, Indorama Netherlands, and Dhunseri for the purchase of the PET plant of Egyptian Polyester Company SAE (EIPET), IVL said in a statement. Restart activities for manufacturing recyclable PET has commenced and key raw material PTA [purified terep ..

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Published on June 14, 2018

Gujarat will witness one of the largest direct foreign investments by China Petroleum Corporation of Taiwan with an investment of Rs 400 billion along with Adani group. . "Talks are in final stage. An agreement in this regard is likely to be signed during the next Vibrant Gujarat summit. The project may require around 800 hectare of land," said a person close to the development. This comes close to the heels of Taiwan External Trade Development Council (TAITRA) chairman James Huang stating that ..

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Published on June 13, 2018

Italian energy company Saipem plans to work with Iranian energy market despite U.S. sanctions concerns. As per report, Iranian petrochemicals executives meet on the sidelines of the PLAST plastics and rubber exhibition in Milan with executives from Saipem. Both sides discussed cooperation in sectors ranging from refining and licensing agreements at various petrochemical facilities in Iran. Saipem officials said they were interested in cooperating with Iranian petrochemical companies against fea ..

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Published on June 12, 2018

Uncertainty pertains over petrochemical plant in Andhra Pradesh. Public sector majors Gas Authority of India Limited (GAIL) and the Hindustan Petroleum Corporation Limited (HPCL) together with the State government had entered into a Memorandum of Understanding (MoU) to establish the ₹37,000 crore project of the 1.5 million tonne ethylene derivative plant. The project is expected to provide direct employment to 1,000 and indirect jobs to about 30,000 people. Since the Kakinada coast is know ..

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Published on June 11, 2018

There has been consistent soaring up in the Methanol prices in last few weeks. The supply has become short due to US policy on Iraq and along with fresh turnarounds by European manufacturers. Russia one of the major supplier has put an halt on supply of dangerous products via train. This includes Methanol as well. Acetic acid exports from Russia have also reduced in this period. The other major manufacturer of Methanol Equinor based in Norway will carry out maintenance in June at its sit based a ..

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Published on June 8, 2018

China is one of the major producer of Melamine in Asian region. There has been continuos hike in Melamine values on back of limited supply and plenty demand. This week prices breached the level of USD 1200/MT. Chinese melamine makers are feeling the pressuer due to continuous rise in prices as demand from Urea sector has been on upfront. Hopes that Chinese urea prices could correct downwards soon have also dimmed on news of recent production woes at some Chinese urea plants, including a 70,000 ..

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Published on June 6, 2018

Keiyo Petrochemical has shut down its Ethylene unit for maintenance turnaround. The unit will remain off-stream for around 5-6 weeks and is likely to resume production in the first errk of July 2018. Unit is based at Chiba in Japan and has the manufacturing capacity of Ethylene around 740,000 mt/year. ..

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