Headlines

Published on May 19, 2017

Global manufacturer of Acetic Acid, Celanese has increased its prices for Acetic Acid in the Asian market. Rise has been of USD 50 per metric ton. In China the prices has been increased by 350renminbi per metric ton.  The increase will be effective immediately and as per the contract details. This rise was done last week. ..

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Published on May 18, 2017

China based PetroChina Dalian is planning to restart its Toluene unit. Earlier the unit was shut down on 27th March for annual maintenance. The maintenance period was for around 45 days. Now the unit will resume it operations very soon. Unit is based at Liaoning province of China and has the manufacturing capacity of 3,53,000 tonnes/year. ..

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Published on May 17, 2017

Europe’s third largest petrochemical company Total has inaugurated its refurbish Carling-Saint-Avold petrochemical complex in eastern France. Earlier the Carling site was adapted by Total and has invested 200 million euros to upgrade existing facilities and build new and advanced units to access to high potential markets.  The Carling - Saint-Avold complex has been turned into a leading polymer production site in Europe. Announced in 2013, the Carling upgrade project has been successf ..

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Published on May 16, 2017

Soon petrochemical project to become more big and huge in Louisiana. It will be one of the most expensive part of Southwest Louisiana’s economic boom. Originally proposed as an $11 billion LNG facility, the G2 project on the Calcasieu Ship Channel in Cameron will now include a petrochemical facility. The additional plans bring the grand total of the project to over $23 billion. The two sites will create 6,000 construction jobs and 700 permanent positions. G2 is also bringing in foreign i ..

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Published on May 15, 2017

The country’s leading oil distributor and refiner, Petron Corp is planning to invest more its refining capacity in Malaysia to produce petrochemicals and aromatics. Currently the capacity of the refinery is 80,000 bpd and after expansion it will about 150,000 bpd, as per report. Petron also intends to expand the capacity of its oil refinery in Limay, Bataan, Petron and San Miguel Corp. In Bataan Petron’s oil refinery will likewise be expanded from 180,000 bpd day to 270,000 bpd. ..

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Published on May 13, 2017

Methanol plant has been shut down by League Chemical. The plant is based at Shandong in China and has the production capacity of 250 Kt/year. Earlier the unit was shut down on 6th may and will remain off-stream for around three weeks. Methanol unit will resume its production on 20th May 2017. ..

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Published on May 12, 2017

PTT Global Chemical is planning to shut its no2 para xylene plant for maintenance turnaround. The plant is likely to go off-stream in the mid of June. It is likely to remain off-stream for around 4 weeks. Unit is based at Rayong province in Thailand and has the manufacturing capacity of 765000 mt/year. ..

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Published on May 11, 2017

The final agreement has been drafted between Jurong Aromatics and Exxon Mobil. The company will be acquire its Jurong based unit. This aromatic complex includes a 100,000 b/d condensate splitter, also has the capacity to produce 783,000 mt/year of jet fuel, 647,000 mt/year of light naphtha, 662,000 mt/year of gasoil, 283,000 mt/year of LPG, 35,000 mt/year of fuel oil, 46,000 mt/year of hydrogen and 18,000 mt/year of heavy aromatics, as well as petrochemical products including 800,000 mt/yea ..

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Published on May 10, 2017

Assam Petrochemicals Ltd has started the construction of new methanol plant. APLis one of the leading petrochemical company in north east of country. The company has initiated the construction for 500 TPD of Methanol and 200 TPD Formalin project. Earlier, with a complete ‘vedic ritual’, a bhumi pujan ceremony was also organised and performed by Ratul Bordoloi, Managing Director APL in the presence of notable dignitaries including APL’s chairman, Jagadish Bhuyan, local MLA Noren ..

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Published on May 10, 2017

On Tuesday, closing crude values have decreased.WTI on NYME closed at $45.88/bbl, prices have decreased by $0.55/bbl in compared to last closing prices. While Brent on Inter Continental Exchange decreased by $0.61/bbl in compared to last trading and was assessed around $48.73/bbl. ..

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