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UserPic Kokel, Nicolas
2025/03/08 06:05 AM




Vienna, Austria / Abu Dhabi, UAE — March 4, 2025


In a landmark move reshaping the global petrochemicals industry, Austria’s OMV and Abu Dhabi National Oil Company (ADNOC) have unveiled plans to merge their chemical subsidiaries, Borouge and Borealis, into a new entity named Borouge Group International. This new company will then acquire Nova Chemicals, a leading North American polyethylene producer, for $13.4 billion, including debt. The combined enterprise, valued at over $60 billion, is poised to become one of the world’s largest polyolefins producers, with a production capacity of approximately 13.6 million tons per year. The transaction, expected to close in the first quarter of 2026 pending regulatory approvals, underscores both companies’ ambitions to expand their global chemicals footprint.

The deal involves two key steps.
First, OMV, which owns 75% of Borealis, and ADNOC, holding 54% of Borouge, will consolidate their shareholdings into Borouge Group International. Each company will own approximately 46.94% of the new entity, with the remaining 6.12% offered as free-float shares to Borouge’s existing shareholders. To balance the ownership, OMV will contribute €1.6 billion (about $1.7 billion) in cash, subject to adjustments based on dividends paid before the deal closes.
Second, Borouge Group International will acquire Nova Chemicals from Mubadala Investment Company, an Abu Dhabi sovereign wealth fund, for an enterprise value of $13.4 billion. The equity value of the deal is reported at $9.377 billion, with the remainder comprising assumed debt. Nova Chemicals, based in Canada, operates four production sites in the Sarnia area, boasting a capacity of 2.6 million tons of polyethylene and 4.2 million tons of ethylene annually. The resulting company will combine Borouge’s dominance in the Middle East and Asia, Borealis’ leadership in Europe, and Nova Chemicals’ strong foothold in North America, creating a truly global player in the polyolefins market.

The formation of Borouge Group International and its acquisition of Nova Chemicals promise to reshape the industry. The merger unites Borouge’s access to competitive feedstock from ADNOC, Borealis’ European market expertise, and Nova Chemicals’ North American operations, bolstered by shale gas-based resources. This geographical diversity strengthens the company’s ability to serve customers worldwide. With an estimated $500 million in annual cost synergies, the new entity will optimize production, share cutting-edge technologies, and leverage combined market access. The company aims to rank as the fourth-largest polyolefins producer globally, enhancing its competitiveness. Sustainability is also a key focus, with all three companies—Borouge, Borealis, and Nova Chemicals—bringing expertise in recycling technologies and sustainable products. Borouge Group International is positioned to lead in the circular economy, targeting net-zero Scope 1 and 2 emissions by 2050.

Borouge Group International will be headquartered in Vienna, Austria, with a regional base in Abu Dhabi, UAE, and additional hubs in Calgary, Pittsburgh, and Singapore. The company will be listed on the Abu Dhabi Securities Exchange (ADX), with potential plans for a secondary listing in Vienna. Existing Borouge shareholders will exchange their shares for stakes in the new entity, with promises of dividend growth. The acquisition of Nova Chemicals will be funded through debt, which the company plans to refinance in the capital markets post-closing, reflecting confidence in its long-term financial stability backed by ADNOC and OMV.

#abudhabi  #omv  #novachemicals  #borouge  #borealis  #merger  #ethylene  #polyethylene  #recycling  #sustainability  #circulareconomy #netzero #shalegas  #mubadala 

UserPic Kokel, Nicolas
2025/02/15 10:20 AM



Cangrejera gas cracker has an ethylene production capacity of 500,000 tpa


Mexico City, Mexico - February 12, 2025 - Petróleos Mexicanos (Pemex), Mexico's state-owned oil and gas company, has announced a significant investment of $975 million to bolster the country's petrochemical industry. This investment is part of the Mexican government's broader plan to revitalize the sector and reduce reliance on imports.

The funds will be used to reactivate the Cangrejera complex, transforming it into a petrochemical refinery. This move aims to increase domestic production of essential petrochemical products, thereby meeting the growing demand within Mexico and potentially reducing reliance on imports.

Pemex CEO Víctor Rodríguez emphasized the importance of this investment, stating, "This initiative aligns with our commitment to strengthen Mexico's energy independence and foster economic growth." He further highlighted the collaboration between Pemex and other government agencies, including the Ministry of National Defense and the Ministry of Citizen Security, to combat fuel theft and ensure efficient logistics.

The Mexican government's 2024-2030 Hydrocarbon Sector Work Plan outlines several strategic actions for Pemex, including:

▪️Efficient exploration and sustainable production
    of hydrocarbons
▪️Strengthening the refining system
▪️Expanding petrochemical and fertilizer output
▪️Securing efficient logistics
▪️Promoting clean energy generation


#pemex  #petroleosmexicanos   #pemextransformacionindutrial   #veracruz   #mexico   #coatzacoalcos   #cangrejera 

UserPic Kokel, Nicolas
2025/02/15 10:09 AM

Pemex' Cangrejera Petrochemical Complex has been added.

 

#pemex #petroleosmexicanos  #pemextransformacionindutrial  #veracrus  #mexico  #coatzacoalcos  #cangrejera 

UserPic Kokel, Nicolas
2025/02/12 07:35 AM



Motiva Port Arthur Is Now the Largest US Refinery (Source: The Railroad Commission of Texas, Infographic credit: Bloomberg)


February 11, 2025 | Port Arthur, Texas, USA (Bloomberg)

Motiva Enterprises, a subsidiary of Saudi Aramco, has successfully expanded its refinery in Port Arthur, Texas, solidifying its position as the largest fuel-making facility in the United States. The refinery's capacity has grown to 654,000 barrels of oil per day (b/d), surpassing other major refineries in the country.

The Port Arthur refinery has been a key asset for Motiva since Saudi Aramco became its sole owner in 2017. This expansion aligns with Aramco's strategic goals to strengthen its global refining and petrochemical footprint. The upgraded facility is expected to enhance fuel production capabilities while contributing significantly to the local economy by creating jobs and boosting industrial activity in the region.

This development marks a significant achievement for Saudi Aramco and underscores its commitment to expanding its influence in North America's energy sector.

#motiva  #aramco  #portarthur  #refinery  #crudeoil 

UserPic Kokel, Nicolas
2025/02/10 10:48 AM



Dow Polyurethane Technologies


January 30, 2025 | Midland, Michigan (Dow Inc.)

Dow, a global chemical giant, has initiated a comprehensive review of its European assets, focusing primarily on its polyurethane business. This decision comes as the company navigates persistent economic challenges and a complex regulatory environment in the region.

The review will assess the competitiveness of key facilities producing methylene diphenyl diisocyanate (MDI), propylene oxide, and polyether polyols—assets that generated approximately $2.9 billion in annual sales in 2023. Dow aims to optimize value through its "best-owner" strategy, with plans to complete the evaluation by mid-2025.

Jim Fitterling, CEO of Dow, emphasized the importance of adapting to market conditions while maintaining a value-driven approach. He noted that selling assets rather than closing them could align better with the company's long-term objectives.

This move reflects broader industry trends as other chemical companies reevaluate their European operations due to high production costs and stringent regulations.

Despite these challenges, Dow remains committed to strengthening its global portfolio while addressing regional complexities, reporting stable performance globally with its third-quarter 2024 sales rising modestly by 1%.

#dow  #chemicals  #polyurethane  #polyols  #mdi  #europe  #assets 

UserPic Kokel, Nicolas
2025/02/09 05:37 PM

Please check our descriptions for the various types of polyethylene highlighting the relationship between molecular architecture and density scale. 

Illustration is used for the main product 'Polyethylene' and the various subproducts (LDPE, HDPE, MDPE, LDPE, etc.).

#ldpe  #mdpe  #lldpe  #vldpe  #uldpe  #polyethylene  #pe 
 

UserPic Kokel, Nicolas
2025/02/08 05:52 PM

A generic butadiene extraction process has been created to be selected for site's model when technology provider / licensor is unknown.


#butadieneextraction  #solventextraction  #crudec4  #mixedc4  #raffinate 

UserPic Kokel, Nicolas
2025/02/08 05:50 PM

The description of the butadiene extraction process has been updated.


#butadiene  #solventextraction  #raffinate  #crudec4  #mixedc4 

UserPic Kokel, Nicolas
2025/02/08 03:18 PM

Description of 1,3-butadiene has been updated.


#mixedc4  #butadiene  #13butadiene  #steamcracking  #raffinate 

UserPic Kokel, Nicolas
2025/02/08 03:17 PM

1,2-butadiene has been added.


#mixedc4  #butadiene  #12butadiene  #steamcracking  #raffinate 

UserPic Kokel, Nicolas
2025/02/05 06:42 AM

Multiple technologies have been identified and added.
Work in progress to add other technologies used by the complex, not yet modelled on the platform. 



#kbr  #phenolacetone  #cumene  #badger  #lyondellbasell  #spheripol  #lupotech  #isopropylbenzene  #cumene  #badger  #bisphenol  #phenol  #polycarbonate  #asahikasei  #steamcracker  #gascracker  #eoeg  #ethyleneglycol  #meg  #scientificdesign  #hostalen  #hdpe 

UserPic Kokel, Nicolas
2025/02/04 03:58 PM

All Polyolefin and EO/EG Technologies from Phase 1 and Phase 2 have been added as well as their production capacities.



#polyethylene  #polypropylene  #ethyleneglycol  #hpeo  #meg   #hdpe  #lldpe  #pp  #ineos  #lupotech  #spheripol  #spherizone  #univation  #unipolpe  #master  #lyondellbasell  #shell  #cnooc  #china  #cspc 

UserPic Kokel, Nicolas
2025/02/02 06:37 AM



IOCL Paradip refinery

News provided by: Univation Technologies, LLC, Sep 16, 2024

Indian Oil Corporation Ltd. (IOCL), India's largest oil refiner, has selected Univation Technologies' UNIPOL™ PE Process Technology for a new world-scale polyethylene (PE) production line at its Paradip Petrochemical Complex in Odisha, India.

This significant expansion will add a nameplate production capacity of 650,000 tons per annum of PE, significantly boosting IOCL's ability to meet the growing demand for polyethylene in the Indian market. The new line will have the flexibility to produce both linear low-density polyethylene (LLDPE) and high-density polyethylene (HDPE), covering a wide range of applications.

IOCL has chosen a combination of Univation's advanced catalysts to achieve this versatility, including:

    UCAT™ J Unimodal HDPE/LLDPE Technology
    PRODIGY™ Bimodal HDPE Technology
    ACCLAIM™ Unimodal HDPE Technology

This strategic selection allows IOCL to cater to both unimodal and bimodal PE market segments, ensuring they can meet stringent performance standards for critical applications like flexible and rigid packaging, high-pressure pipes, and durable goods.

Recognizing the growing importance of metallocene polyethylene in India, IOCL will also utilize Univation's XCAT™ Metallocene Catalysts. This will enable them to produce advanced metallocene PE grades for high-end applications such as robust shipping packaging, high-performance films for food preservation, and sustainable agricultural films.

To ensure optimal operation and efficiency, IOCL will implement Univation's PREMIER™ APC+ 3.0 Advanced Process Control Platform. This platform is designed to enhance process control, optimize raw material yields, and 1 maintain consistent product quality across the entire PE resin grade portfolio.

#unipol  #polyethylene  #bimodal  #metallocene  #univation  #iocl  #india  #indianoilcompany  #paradip  #refinery 

UserPic Kokel, Nicolas
2025/01/28 09:58 PM

PE, PP, steam cracking, RFCC technologies and their production capacities have been identified. Mass balance improvement performed.


#unipolpp  #martech  #dualloop  #martechadl  #technip  #rfcc  #wrgrace  #cpchem 

 

UserPic Kokel, Nicolas
2025/01/28 07:39 PM

Mixed feed cracker with KBR SCORE technology has been created and its productions have been added.



#kbr  #score  #mfc  #steamcracker  #olefinplant  #yeosu  #korea  #gscaltex 

UserPic Kokel, Nicolas
2025/01/28 07:08 PM

July 2, 2018 | KBR SCORE™ Technology Selected for GS Caltex Grassroots Olefins Plant in South Korea
KBR, Inc. announced today that it has been awarded a contract to supply its proprietary SCORE™ Ethylene Technology to GS Caltex Corporation for a grassroots mixed feed cracker (MFC) for its project in Yeosu, South Korea.  Under the terms of the contract, KBR will provide its innovative Selective Cracking Optimum Recovery (SCORE™) technology license and basic engineering design services for a 700 KTA ethylene mixed feed cracker to be built by GS Caltex, a company owned by GS Energy and U.S. based Chevron Corp. The new plant will use naphtha, liquefied petroleum gas and refinery off-gases as its main feedstocks. It will be constructed in the South Korean southern city of Yeosu where GS Caltex's 790,000 barrels-per-day refinery is located. The project will use KBR's highly selective SC-1 furnaces for the highest yield and flexibility. (Source)

29th Aug 2018 | GS Caltex to Build Olefin Plant in Yeosu for 2.6 Tln Won
GS Caltex said on Aug. 7 (2018) that the company decided to build an olefin production facility capable of producing 700,000 tons of ethylene per year and 500,000 tons of polyethylene annually by investing about 2 trillion won ($1.8 billion) in a 430,000-square-meter site near its second plant in Yeosu, South Jeolla Province.

11th Nov 2022 | GS Caltex completes construction of $2 billion petrochemicals manufacturing plant.
GS Caltex completed the construction of its 2.7-trillion-won ($2 billion) petrochemicals manufacturing plant in Yeosu, South Jeolla.
The newly-built production plant, a mixed feed cracker (MFC), will mainly produce olefins such as ethylene and polyethylene. Olefins are widely used as raw materials for plastics, rubbers and chemical products.

The MFC will annually produce 750,000 tons of ethylene, 500,000 tons of polyethylene, 410,000 tons of propylene, 240,000 tons of mixed C4 raffinate and 410,000 tons of pyrolysis gasoline, according to GS Caltex.
Unlike naphtha crackers, which uses only naphtha for petrochemicals production, MFCs can use not only naphtha but other feedstock such as liquid petroleum gas and refinery off-gas, which are crude refining byproducts. The facility can also produce hydrogen using naphtha and refinery off-gas, replacing the previously-used liquefied natural gas, and therefore cut carbon emissions by 76,000 tons a year, said GS Caltex.

4th Jul 2024 | Korea’s GS Caltex to debottleneck Yeosu cracker in Sep
The cracker will undergo a turnaround and debottlenecking from 23 September to 25 November, according to sources at the company. GS Caltex's mixed-feed cracker currently has a nameplate capacity of 750,000 t/yr of ethylene and 410,000 t/yr of propylene. Its ethylene capacity will increase by 150,000 t/yr to 900,000 t/yr after the debottlenecking process, while propylene capacity will rise by 60,000 t/yr to 470,000 t/yr.
The debottlenecking process will also raise GS Caltex's crude C4s output from the existing 250,000 t/yr to 300,000 t/yr. The company now feeds its crude C4s to a 90,000 t/yr butadiene extraction unit, a joint venture (JV) plant between GS Caltex's parent company GS Energy and fellow producer Lotte Chemical.
GS Caltex also owns two polymers units at the same site — a 500,000 t/yr high density polyethylene (HDPE) and a 180,000 t/yr polypropylene (PP) plant. The PP unit takes in propylene from GS Caltex's existing refinery fluid catalytic crackers (FCC).
The debottlenecking will raise olefins output, resulting in a surplus of 400,000 t/yr of ethylene for domestic sales and exports after supplying its HDPE plant. The propylene surplus will be 800,000 t/yr after factoring in GS Caltex's 500,000 t/yr propylene output from existing FCCs and its PP consumption.
This will also mark the first turnaround of GS Caltex's cracker since it was commissioned in 2021. GS Caltex's mixed feed cracker can take in a combination of naphtha, liquefied petroleum gas and off-gas from its FCC.

#olefinsplan  #mixedfeedcracker  #steamcracker  #yeosun  #gscaltex  #southkorea 

UserPic Kokel, Nicolas
2025/01/25 10:18 AM

JGSOC Mass Balance has been completed.
However, naphtha import quantity is only estimated as well as cracker coproducts quantities. There is a deficit of ethylene and propylene to supply the three PE and the PP plant. The company is either importing the missing monomer quantities or running the polymerization plants at lower than nominal capacity.

jgsoc #jgsummit  #summitolefins  #massbalance  #productioncapacities 

UserPic Kokel, Nicolas
2025/01/06 12:04 PM

Caustic treament process description has been updated. 


 #caustic  #caustictreatment  #chloralkali #sweetening  #mercaptan  #disulfide 
 

UserPic Kokel, Nicolas
Hydrotreating
2025/01/06 10:05 AM

Description of hydrotreating process has been updated.

 

#hydrotreater #hydrotreating  #nox  #sox  #nitrogen  #sulfur  #mercaptan  #pyridine  #sulfide  #thiophene 

UserPic Kokel, Nicolas
2025/01/06 08:13 AM



Electricity [TWh/yr] required globally to provide green fuels for all shipping segments where actual data uncertainties are included.

A newly published academic article addresses the availability of green alternative fuels for marine shipping (and aviation). The article makes a compelling case for nuclear propulsion or otherwise see freight will stay fossil in the foreseeable future.

The paper presents some basic realities of replacing fossil fuels in shipping with green alternative fuels for the same amount of work being performed. The required amount of electric power for producing these green alternative fuels is subsequently calculated. Compared on a scale equal to major industrial entities globally, it is proven beyond any doubt that there is basically not enough electricity in the world to make a relevant amount of green alternative fuels for shipping.

Basically, the gravimetric energy densities are orders of magnitude too low, or the thermodynamical losses are too high, for electricity to replace fossil fuel in this particular application. This finding also questions the conventional wisdom of the merit of an all-encompassing electrification of society. There are, however, niches where a relevant supply of green alternative fuels is possible to secure, albeit difficult.

Therefore, much of today’s research on green alternative fuels rests on a hidden assumption—that there will be available fuels. However, green alternative fuels will not be available in relevant quantities unless the research is well contextualized for small ships on short, domestic distances. The fuel availability is, therefore, a key constraint to incorporate in future work on green alternative fuels for shipping.

Furthermore, it seems prudent to open up a wider search for solutions, including nuclear propulsion, based on the fact that the gravimetric energy densities are physical realities that we must respect.

Source: Emblemsvåg, J. A Study on the Limitations of Green Alternative Fuels in Global Shipping in the Foreseeable Future. J. Mar. Sci. Eng. 2025, 13, 79.

#marinefuel  #bunkerfuel  #fueloil  #marinediesel  #aviationfuel  #greenhydrogen  #greenammonia  #greenmethanol  #nuclearenergy 

UserPic Kokel, Nicolas
2025/01/01 03:36 PM

Ethyl methyl sulfide has been added.

 

#ethylmethylsulfide #methylethylsulfide  #mes 

UserPic Kokel, Nicolas
2025/01/01 01:35 PM

Ethanethiol (Ethane mercaptan), commonly found in LDG and liquid fuel fractions, has been added.
 

#mercaptan #ethanethiol  #ethylmercaptan  

UserPic Kokel, Nicolas
2025/01/01 01:33 PM

Liquid mercaptans added (thiols) as commonly found in liquid fuels, have been added.


#mercaptan  #liquidmercaptan  #ethanethiol  #sulfurcompounds 

UserPic Kokel, Nicolas
2025/01/01 10:12 AM

Methyl mercaptan (methanethiol) has been added.


#methanethiol  #methylmercaptan 

UserPic Kokel, Nicolas
2024/12/31 05:00 PM

Methyl acrylate has been added.

 

#methylacrylate #acrylate  #acrylicacid 

UserPic Kokel, Nicolas
2024/12/31 04:48 PM

The description of acrylic acid esters has been updated and illutrated.

#acrylate  #acrylicacid  #ethylacrylate  #methylacrylate 

UserPic Kokel, Nicolas
2024/12/29 08:58 PM

Sumitomo MMA technology description has been updated.


#sumitomo  #mma  #pmma  #isobutene  #oxidation 

UserPic Kokel, Nicolas
2024/12/28 06:23 AM

The description of the Sumitomo PMMA Process has been updated.
 

#sumitomo #mma  #pmma  #polymerization 

UserPic Kokel, Nicolas
2024/12/25 06:59 PM



BPLC Bina Refinery


India's Bharat Petroleum Corp. (BPLC) plans to expand its refining capacity to 45 MMtpy by 2028 from the current 35.3 MMtpy, its head of refining, Sanjay Khanna, said on Dec 17, 2024 at an industry event, as reported by Hydrocarbon Processing.

As part of the plan, BPCL—the country's second-biggest fuel retailer—will increase the capacity of its 15.5-MMtpy Kochi refinery, situated in the southern state of Kerala, to 18 MMtpy.

It will also boost the capacity of its 12-MMtpy Mumbai refinery to 16 MM tpy, Khanna said.

The state-run company additionally expects to expand its 7.8-MMtpy Bina refinery in central India to 11.3 MMtpy by May 2028, he added.

The refiner, which is always on the scout for cheaper oil grades to maximize its profit margins, is also keen to test low-sulfur grades from South America including those from Argentina, Khanna said.

#crudeoil  #lowsulfur  #refining  #refinery  #bplc  #bharat  #bina  #kochi  #mumbai  #india  #capacityexpansion 

UserPic Kokel, Nicolas
2024/12/24 06:34 PM

Elessent STRATCO Alkylation description has been updated.

 

#elessent #dupont  #stratco  #alkylation  #alkylate  #motorfuel  #aviationgasoline 

UserPic Kokel, Nicolas
2024/12/18 01:53 PM




Dec 16, 2024 | Phillips 66 News Release

Two world-scale joint venture projects being developed by Chevron Phillips Chemical Company (CPChem) and QatarEnergy remain on track to start operations in 2026, Phillips 66 said on Monday. Phillips 66 and Chevron hold equal stakes in Chevron Phillips Chemical.

The US project is Golden Triangle Polymers, an integrated polyethylene (PE) complex in Orange, Texas. Chevron Phillips holds a 51% stake, and construction started in 2023.

The Qatari project in Ras Laffan is another integrated PE project. It is a 70:30 joint venture between QatarEnergy and CP Chem. Construction on this project started in 2024.

Remarquably, these two ethane crackers employing Technip tecnology will be the world's two largest, producing each above 2 Mt/a of ethylene when they are starting up, and each of the two CPChem MarTECH Single Loop polymerization plants also the world's largest with an output of 1 Mt/a of HDPE each at Golden Triangle and 850 Kt/a each at Ras Laffan.


#phillips  #chevron  #qatarenergy  #cpchem  #technip  #martech  #slurryloop  #ethylene  #polyethylene  #raslaffan  #goldentriangle  #steamcracking 

 
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UserPic Kokel, Nicolas
2024/12/14 05:09 PM

The two Unipol PE plants have been added with their production, to complete the mass balance.


#unipol  #polyethylene  #univation  #fulldensity  #metallocene  #prodigy  #catalyst  #tarim  #ethylene  #dushanzi  #petrochina  #korla 

UserPic Kokel, Nicolas
2024/12/14 01:45 PM

Hengyi Petrochemical Company has been added.

 

#hengyi #petrochemical  #china  #zheijiang  #hangzhou  #pta  #pet  #polyester  #paraxylene  #meg  #ethyleneglycol  #cpl  #pa6  

 

UserPic Kokel, Nicolas
2024/12/08 08:29 PM

Several plants and productions added.


#anqing  #refinery  #sinopec  #massbalance 
 

UserPic Kokel, Nicolas
2024/12/06 03:33 PM



Photo: circulating water plant put online on 30th Aug 2024

7th Sep 2024
| Source: DT New Materials, via Sohu.com

The project is related to Sinopec Maoming Petrochemical Co., Ltd., mainly including the construction of a 3 million tons/year catalytic cracking complex, a 1 million tons/year ethylene complex, and supporting public works and auxiliary facilities. The project started in June 2023 and is scheduled to be delivered in mid-2026. The project is mainly funded by its own funds and bank loans. As of June 30, 2024, a total investment of RMB 2.2 billion has been completed.

30th Aug 2024 | Source: Golden Sheep Network, via Baidu.com

The first unit of the Maoming Petrochemical Refining Transformation and Upgrading and Ethylene Quality Improvement Project was successfully put into use. On the afternoon of August 30, 4 pumps and 10 cooling towers were started at the newly built first chemical water circulation plant of Maoming Petrochemical, and 5 pumps were stopped in the old first circulation.


#sinopec  #maoming  #steamcracker  #ethyleneplant  #ethylene  #fcc #catalyticcracking #china 

UserPic Kokel, Nicolas
2024/12/06 02:26 PM

Details about Dagang area refinery added.


#massbalance  #tianjin  #binhai  #dagang  #sinopec  #steamcracker  #ethyleneplant  #tianjin 

UserPic Kokel, Nicolas
2024/12/06 09:36 AM

7th Sep 2024 | Source: DT New Materials, via Sohu.com

On April 7, the environmental impact assessment for the Phase III C4 Value Chain Optimization Project of BASF-YPC Company Limited was publicly announced for the first time. Previously, on May 29, 2023, the environmental impact assessment for the Phase III C2 Value Chain Expansion Project was announced. This project mainly involves the construction of a new 300,000 tons/year photovoltaic-grade EVA facility. The earlier Phase 2.8 mainly expanded the production capacity of Propionic Acid (PA), Propionaldehyde (PALD), Ethylene Amines (EEA), Ethanolamines (EOA), and Purified Ethylene Oxide (PEO), and built a new Tert-Butyl Acrylate (TBA) unit, which was commissioned in November last year.

#basf  #ypc  #c4valuechain  #yangzi  #eva  #c4  #mixedc4  #crudeC4  #raf 

UserPic Kokel, Nicolas
2024/12/04 10:13 AM

Sinopec INEOS (Tianjin) Petrochemical Co., Ltd. and manufacturing site have been added.


#sinopec  #ineos  #tianjin  #petrochemical  #olefins  #steamcracking  #ethylene  #polyethylene  #polypropylene  #hdpe  #lldpe  #poe  #elastomers  #acrylonitriele  #butadiene  #pygas  #aromatics  #mtbe 

UserPic Kokel, Nicolas
2024/12/03 08:40 AM

Petrochina Daqing Petrochemical has been created and its site's mass balance initialized.

 

#daqing #petrochina  #petrochemical  #massbalance  #refining  #crudeoil  #ethylene  #steamcracking  #heilongjiang 

UserPic Kokel, Nicolas
2024/12/01 10:05 AM

AIR LIQUIDE Lurgi Megamethanol™ technology has been added.
 

#airliquide #lurgi  #methanol  #syngas  #megamethanol  

UserPic Kokel, Nicolas
2024/12/01 06:20 AM

Technology to produce methanol from syngas has been added.


#hydrogen  #co  #carbonmonoxide  #syngas  #methanol  #hydrogenation  #co2  

UserPic Kokel, Nicolas
2024/11/30 07:54 AM

Methanol description has been updated (Main Product definition).

#methanol 
 

UserPic Kokel, Nicolas
2024/11/30 06:05 AM


25th Nov 2024, SINA, Reprinted from East China Science and Technology (ECEC).

Recently, the DMC recovery project of Guangxi Huayi Energy Chemical Co., Ltd. was successfully started up and produced qualified high-grade DMC (dimethyl carbonate) products. This marks the complete success of the project from design, construction to production.

Located at Qinzhou Port Economic and Technological Development Zone, The DMC recovery project is an important supporting project for the 200,000 tons/year ethylene glycol unit of Guangxi Energy Chemical Co., Ltd., consisting in constructing a DMC recovery unit to distill and purify DMC and methanol, with an output of 16,800 tons of premium dimethyl carbonate annually, and also recovering 23,256 tons of high-purity methanol annually, significantly improving resource utilization efficiency and promoting the development of the circular economy in the park.


#dmc  #dimethylcarbonate  #methanol  #huayi  #energychemical  #guangxi  #china 

UserPic Kokel, Nicolas
2024/11/29 09:39 AM

Guangxi Huayi Energy Chemical Co., Ltd. and Gas Island Project in Qinzhou have been added.
 

#guangxi  #shanghai  #china  #huayi  #energychemical  #gasislandproject  # coal #coalgasification  #methanol  #ethyleneglycol  #meg  #aceticacid  #coaltochemicals  #coaltomethanol  #coaltoolefins 

UserPic Kokel, Nicolas
2024/11/26 07:57 PM

Xinjiang Zhongtai Chemical's 1 million ton coal-to-methanol project.

Date: 2024-9-24 | 
China Carbide Network News.

      On September 10, 2024, the Xinjiang Zhongtai New Materials Project substation constructed by the Xinjiang Branch of Sinochem Second Construction Group Co., Ltd. successfully received power for the first time, which was well received by all parties. The completion of this key node laid the foundation for the single-unit commissioning.

The Xinjiang Zhongtai Resource Comprehensive Utilization Methanol Upgrading Demonstration Project mainly constructs million tons year methanol and 18,900 tons year sulfuric acid production lines, as well as air separation units , gasification units, low-temperature methanol-washed synthesis gas purification units, methanol synthesis units and supporting units.

The Xinjiang Zhongtai New Materials Resource Comprehensive Utilization Methanol Upgrading Demonstration Project is located in Tongxin Industrial Park, Alehui Town, Toksun County, Xinjiang. The planned total investment is about 5.99 billion yuan. The waste gas and screenings (coke powder and coal foam) produced by the semi-coke unit built by Zhongtai Group in Toksun County are used as raw materials to build a 1 million tons year methanol project. The gasification unit is equipped with Jinhua furnaces 3.0 , which mainly produce 286.331Nm3/h CO+H2of synthetic gas , with an annual operating time of 8,000 hours, in operation and 1 in standby.

#zhongtai  #newmaterial  #coaltomethanol  #china  #turpan  #xinjiang  #coal  #methanol 

 
UserPic Kokel, Nicolas
2024/11/26 07:22 PM

Xinjiang Zhongtai Chemical's annual production of 250,000 tons of PVC and 220,000 tons of caustic soda project was completed and put into production.

Sun Tingwen and Li JinghaiDecember 2, 2016 19:18 Source: China News Network

On Dec 2nd, the second phase of the chlor-alkali project with an annual output of 250,000 tons of PVC (polyvinyl chloride) and 220,000 tons of caustic soda of Xinjiang Zhongtai Group Shengxiong Energy Company (referred to as "Zhongtai Shengxiong Energy") was completed and put into production, and the launching ceremony of the Toksun Energy Chemical Company's high-performance resin industrial park project was held in Toksun County, Turpan City.

It is reported that the total investment of the Zhongtai Mahatma Energy PVC Phase II project is about 2.7 billion yuan. Construction started in October 2012. After Zhongthai Chemical reorganized Mahatma Energy in September 2015, Zhongtai Chemical transferred in the management team to optimize the design and speed up the project construction. The project was put into trial operation on October 30, 2016. The project adopts modular design, with compact equipment layout, clear functional division and centralized control. In addition to advanced equipment, the newly developed double-effect evaporation process technology has been added to realize the recycling of wastewater, and the wastewater treatment has achieved recycling and zero emission.

  After the project is put into production, it will form a production capacity of 500,000 tons of PVC and 400,000 tons of caustic soda projects, drive the production of calcium carbide and power generation, and the mining of coal, salt, and lime, realize "industrial integration, investment concentration, resource intensiveness, and benefit concentration", and form a coal-electricity-salt circular economy industrial chain. It can add an annual sales revenue of 1.83 billion yuan and an annual profit and tax of 368 million yuan, solve the employment of more than 700 local people, transform Turpan's advantageous resources into economic advantages, drive the employment of local employees of all ethnic groups and the development of the tertiary industry, and promote economic and social development and social stability.

  On the same day, the high-performance resin industrial park of Toksun Energy Chemical Company, which was also started, was a special new material project determined by Zhongtai Chemical to be built in the southern area of ​​Toksun Industrial Park in order to change the current situation of single calcium carbide PVC product structure, only general varieties, and lack of special and special functional resins, and to achieve structural and transformation and upgrading. The terminal market products of the project are: special material resin for bulk method refers to special material resin for high-transmittance film bag, chlorinated polyvinyl chloride resin, 100,000 special paste resin, 50,000 tons/year CPE (or 30,000 tons/year CPVC), composite functional resin, solid sodium hydroxide, liquid chlorine, sodium hypochlorite, hydrochloric acid, etc. The project investment is about 2.7 billion yuan, and the annual sales after production is expected to be 2.9 billion yuan, which can provide employment for 1,300 people.

  Zhang Wenquan, secretary of the Turpan Municipal Party Committee, said that the completion of the second phase of PVC and caustic soda projects and the launch of the high-performance resin industrial park construction project marked a new level in the economic development of Toksun County. It also marked that Turpan City has taken another solid step in the journey of economic transformation and upgrading. It is also a concrete manifestation of leading the new normal of the economy and releasing new economic momentum.

  Zhongtai Shengxiong Energy, formerly Xinjiang Shengxiong Energy Co., Ltd., was established in 2006. It mainly engages in mineral resource development, calcium carbide, PVC, caustic soda, building materials, etc. It completed an investment of more than 10 billion yuan in 2014. With the rapid expansion of the company's investment scale, the debt ratio continued to rise. In addition, after the project was put into production, the market price of the terminal product PVC continued to be sluggish, and financial institutions tightened their credit. The company faced serious difficulties in subsequent development funds.

  In 2014, under the coordination and promotion of government departments at all levels in Xinjiang Autonomous Region and the CPC Turpan Municipal Committee and Government, and the CPC Toksun County Committee and Government, Zhongtai Group began to discuss restructuring matters with Mahatma Energy. Finally, in September 2015, Zhongtai Group formally completed the strategic restructuring of Mahatma Energy. In the more than one year since the restructuring, the company has paid off a total of about 1.086 billion yuan in debts. In October 2016, the company began to make a small profit, turning losses into profits since the restructuring.

#chloralkali  #shengxiongenergy  #mahatmaenergy  #zhongtaich #chloralkali #pvc 

UserPic Kokel, Nicolas
2024/11/26 07:18 PM




Mahatma Chlor-Alkali site (Photo by Hu Hui)

China-Thailand Zero Distance May 20, 2024 17:11

Recently, the Ministry of Industry and Information Technology’s official website announced that Mahatma Energy’s Chlor-Alkali Plant was listed in the list of “leaders” in energy efficiency in key industries across the country with its unit product energy consumption index of 151.91 (kgce/t) for the calcium carbide method (general type) in the polyvinyl chloride industry. This honor is not only a recognition of Mahatma Energy’s achievements in energy efficiency management, but also reflects that Zhongtai Group has taken solid steps on the road to sustainable development.

"At present, Mahatma Energy Chlor-Alkali Plant has adopted advanced energy-saving technologies, continuously optimized production processes, and continuously improved resource utilization efficiency and reduced energy consumption and carbon emissions through projects such as cascade utilization of wastewater and recovery of waste heat from boiler flue gas." said Liu Kai, director of the Technical Department of Mahatma Energy Chlor-Alkali Plant.

In recent years, Mahatma Energy Chlor-Alkali Plant has always adhered to the core concept of green manufacturing, energy conservation and carbon reduction, and has implemented it throughout all aspects of the company's production and operation. By widely carrying out mass quality management, "Five Smalls" mass innovation, and all-staff "Golden Ideas" and other activities, it has stimulated employees' vitality to actively participate in innovation, encouraged employees to give full play to their creativity, and brought technological innovation and production improvements to the company.

In 2024 , Shengxiong Energy Chlor-Alkali Plant will continue to increase investment in energy-saving and emission-reduction innovation projects in the transformation of high-current-density bipolar zero-gap natural circulation electrolyzers and comprehensive utilization of waste heat, further promote technological innovation and industrial upgrading, and effectively improve the company's energy efficiency management level. At the same time, it will actively cooperate and communicate with advanced companies in the industry, learn from advanced experience and technology, and make greater contributions to achieving the company's sustainable development goals.


#chloralkali #electrolyser  #pvc  #causticsoda  #chlorine  #mahatmaenergy  #shengxiongenergy  #china  #xinjiang  #turpan 

UserPic Kokel, Nicolas
2024/11/24 06:48 PM

Mass balance has been further developed, with more assets and productions added. Several technologies need to be identified and some others require confirmation as there seems to be duplicate technologies that may come from initial announcements not executed, such as for residue hydrocracking. 

#massbalance  #zpc  #zhoushan  #china    

UserPic Kokel, Nicolas
2024/11/21 07:20 AM

A placeholder for SYN® DMTO® (DICP) technology has been added. Technology description to be developed here.


#syntechnology  #mto  #dmto  #methanoltoolefins 

UserPic Kokel, Nicolas
2024/11/21 07:13 AM

SYN Energy Technology Co., Ltd. (formerly DICP) is a technology company promoting DMTO (Direct Methanol To Olefin) proprietary technology.


#dmto  #mto  #methanololefins  #dicp  #synenergy  #shaanxi  #dalian  #xian  #china  

UserPic Kokel, Nicolas
2024/11/18 07:40 PM

Multiple technologies and productions have been added.

 

#gasoline #diesel  #jetfuel  #kerosene  #hydrotreatment  #adu  #polypropylene  #axens  #mitsui  #hypol  #R2R  #fcc #delayedcoker  #sydec 


 

 

UserPic Kokel, Nicolas
2024/11/18 02:08 PM

Axens Prime-D technology for diesel hydrotreatment has been added.

 

#axens #hydrotreating  #desulfurization  #diesel  #middledistillate  #primed 

UserPic Kokel, Nicolas
2024/11/15 09:15 PM

Lotte Chemical Titan (LCT) entities and production sites in Malaysia have been created.

LCT (M) Sdn Bhd is 1the manufacturing entity and a 100% subsidiary of LCT Holding Berhad, itself a subsidiary controlled by Lotte Chemical Corporation in Korea. 

LCT (M) Sdn Bhd operates two manufacturing sites in Pasir Gudang and Tanjung Lansat. 


#lottechemical  #lottechemicaltitan  #lct  #malaysia  
 

UserPic Kokel, Nicolas
2024/11/14 08:43 PM

The definition of motor gasoline has been improved.


#motorgazoline  #gasoline  #blending  #blendstock  #fuelblending  #gasolineblending  #octanenumber  #ron  #rvp   

UserPic Kokel, Nicolas
2024/11/06 03:31 PM

Ningbo Huatai Wealthy Polymer Materials plans to build a new 400,000 tons per year low-density polyethylene LLDPE plant in Ningbo (Zhejiang Province, China). The new plant will mainly produce metallocene PE. The new plant is scheduled to start operating in November 2024. The new plant will double the company's polyethylene capacity to 800,000 tons per year.

#mlldpe  #metallocene  #lldpe  #china  #wealthpolymer  #huatai  #shengfu 

UserPic Kokel, Nicolas
2024/11/05 12:44 PM



ExxonMobil’s Esso division has completed the sale of the Fos-sur-Mer refinery, one of France’s major refineries, and two other oil terminals to Rhone Energies, a consortium formed by Trafigura with Entara LLC. The deal was announced on Friday, November 1, 2024.

The Fos-sur-Mer refinery has a crude oil processing capacity of 140,000 barrels per day. The transaction includes the Toulouse and Villette-de-Vienne terminals, operated by Exxon’s local unit Esso.

This sale marks a significant reduction in Exxon’s refining capacity in Europe, with its total refining capacity in the region decreasing to approximately 1.1 million barrels per day. However, Exxon remains the second-largest refining capacity holder in northwestern Europe, after TotalEnergies.

The sale is part of Exxon’s efforts to divest non-core assets and focus on its core business. The company is also close to selling its 25% stake in a German refinery, MiRO Mineraloelraffinerie Oberrhein GmbH.

#crudeoil  #refining  #refinery  #exxonmobil  #totalenergies  #france  #miro  #rhoneenergies 

UserPic Kokel, Nicolas
2024/11/04 07:49 PM

Shandong Binhua New Materials site created and project description added.
 

#shandong #china  #binhuanewmaterials  #befargroup  #MTBE  #propyleneoxide 

UserPic Kokel, Nicolas
2024/11/02 05:24 PM

Some productions and consumptions have been added to site.

Corresponding technologies need to be identified.

#sinopec  #zhanjiang  #refinery  #petrochemicals  #zhongke  #steamcracker  #eva  #polyethylene  #polypropylene  #ethyleneglycol  #meg 

 

UserPic Kokel, Nicolas
2024/10/28 03:14 PM

Full Density Range Polyethylene has been added.


#fdpe  #polyethylene  #fulldensity  #hdpe  #lldpe  #mdpe  #linearpolyethylene 

UserPic Kokel, Nicolas
2024/10/24 07:57 AM

Crude ethylene, a technical grade of ethylene with above 40% by weight of ethylene, has been added.

#ethylene  #impurities  #methane  #ethane  #carbonmonoxide  #propene  #propylene  #nitrogen 

UserPic Kokel, Nicolas
2024/10/23 12:54 PM




Alterra closes investment round with the expectation to accelerate the commercialisation of its plastics pyrolysis technology

Investors Infinity Recycling, Chevron Phillips Chemical, LyondellBasell, and Neste, along with long-term support from Potenza Capital, have successfully closed their latest round of equity funding in Alterra Energy (formerly Vadxx Energy). This investment round is expected to accelerate the commercialization of Alterra’s plastics pyrolysis technology, designed to transform discarded plastic into valuable raw materials.

Alterra's advanced recycling technology has been modeled on ppPLUS and the mass balance of the company's demo plant in Akron has been created. One main product the technology is producing is plastics pyoil, which may be fractionnated to separate naphtha, which can be used as a feedstock returned to the cracker to produce ethylene among other products. The feedstock the technology is accepting is mostly clean polyolefin waste.

Source: Alterra, 22nd Oct 2024 & portfolio planning PLUS.

#alterra  #lyondellbasell  #neste  #cpchem  #pyrolysis  #plasticwaste  #advancedrecycling  #molecularrecycling  #chemicalrecycling  #pyoil  #steamcracking  #naphtha  #ethylene  #polyethylene  

UserPic Kokel, Nicolas
2024/10/16 08:20 PM

Mass Balance of SSTPC (Sinopec Sabic Petrochemical) has been initialized.

#sabic  #sinopec  #jointventure  #massbalance #tianjin #china 

UserPic Kokel, Nicolas
2024/10/13 07:50 AM

LyondellBasell Spherizone technology model has been updated with PFD and technology units.

#polypropylene  #spherizone  #lyondellbasell  #multizone 

UserPic Kokel, Nicolas
2024/10/11 08:28 PM

SD EO/EG technology and purified EO and MEG production volumes added.


#ethyleneoxide  #ethyleneglycol  #meg  #scientificdesign  #eoeg 

UserPic Kokel, Nicolas
2024/10/11 10:33 AM

Mass balance has been initialized with glycol plants capacities.

#glycols  #ethyleneglycol  #meg  #meglobal  #canada  #prentiss 

UserPic Kokel, Nicolas
2024/10/10 08:43 PM

The Scientifc Design technology to manufacture EG via direct hydrolysis of EO has been added.

Not so many details are available, which need to be improved.

#ethyleneoxide  #ethyleneglycol  #meg  #directhydrolysis  #scientificdesign 

UserPic Kokel, Nicolas
2024/10/10 07:23 PM

The description of the Shell OMEGA process for MEG production has been improved.

 

#shell #omega  #meg  #ethyleneglycol 

UserPic Kokel, Nicolas
2024/10/10 10:41 AM

The description of the Shell EO Direct Hydrolysis Process has been updated.

#ethyleneoxide  #ethyleneglycol  #meg  #directhydrolysis  #shell 

UserPic Kokel, Nicolas
2024/10/06 03:16 PM

DOW METEOR Ethylene Oxide process description has been updated.

 

#dow #ethyleneglycol  #monoethyleneglycol  #deg  #teg  #meg  #mixedglycols  #pet  #polyester  #meteor 

UserPic Kokel, Nicolas
2024/10/05 08:52 PM

DOW Ethylene Oxide only process (METEOR HEXTEO) description has been updated.


#dow  #hexteo  #ethyleneoxide  #ethylene  #meteor  #ethyleneglycol 

UserPic Kokel, Nicolas
2024/10/05 08:51 AM

Several technologies and production capacities have been added to HMEL's Guru Gobind Singh Refinery.

#lummus  #lyondellbasell  #chevronphillipschemical  #cpchem  #p örner #bituros  #asphaltblowing  #steamcracker  #dualfeed  #martech  #novolen  #unipol  #spheripol  #univation  #asphaltblowing 

UserPic Kokel, Nicolas
2024/10/04 06:53 PM

The CPChem MarTECH Dual Loop technology has been added.

#martech  #cpchem  #chevronphillips  #slurryloop  #polyethylene #adl  #dualloop 

UserPic Kokel, Nicolas
2024/10/04 06:42 PM

The CPChem MarTECH Single Loop technology description has been updated.

#martech  #cpchem  #chevronphillips  #slurryloop  #polyethylene 

UserPic Kokel, Nicolas
2024/10/03 06:33 PM

MEGlobal Prentiss site has been added.

 

#meglobal #dow  #canada  #prentiss  #reddear  #ethyleneglycol  #eoeg 

UserPic Kokel, Nicolas
2024/10/03 06:32 PM

MEGlobal Canada ULC details have been updated.

#meglobal  #dow  #equate  #eoeg  #ethyleneglycol  #meteor  #canada 

UserPic Kokel, Nicolas
2024/10/03 05:58 AM

Shareholding of INEOS Aromatics Belgium has been reassigned to Ineos Manufacturing Belgium.

#ineos  #manufacturing  #belgium  #ineos 

UserPic Kokel, Nicolas
2024/10/01 04:22 PM

INEOS Feluy SA has been added and its shareholder identified. 

#olefins  #ineos  #feluy  #belgium  #lao  #pao  #alphaolefins  #manufacturing 

UserPic Kokel, Nicolas
2024/08/10 05:10 PM

MTO process and productions have been added to site and thus mass balance initialized.

#mto  #methanol  #sailboat  #petrochemical  #olefins  #ethylene  #propylene 

UserPic Kokel, Nicolas
2024/08/09 06:30 PM

The UOP Advanced MTO Process has been added.

#methanol  #mto  #olefins  #ethylene  #propylene 

UserPic Kokel, Nicolas
2024/08/03 07:54 AM

Dichloromethane has been added.

#dichloromethane  #methylenechloride 

UserPic Kokel, Nicolas
2024/08/03 07:12 AM

Chloromethane has been added.

#chloromethane  #methylchloride 

UserPic Kokel, Nicolas
2024/07/29 04:43 PM





In its 2023 sustainability report, published in March, Shell is stating that:

“In 2023 we concluded that the scale of our ambition to turn 1m tonnes of plastic waste a year into pyrolysis oil by 2025 is unfeasible.”

The report justifies this step back from the previous commitment due to changing market conditions:
 
“While Shell sees customer demand for circular chemicals, the pace of growth globally is less than expected due to lack of available feedstock, slow technology development and regulatory uncertainty.”

On its website, Shell advocates for chemical recycling (photo) with the following statement:

“Chemical recycling through pyrolysis, where hard-to-recycle plastic waste like snack bags, ready meals, or plastic film, that are not suitable for mechanical recycling, are turned into pyrolysis oil, a liquid that replaces hydrocarbons to produce circular chemicals.”

Shell has started its strategy to build up chemical recycling capaciities by signing a strategic supply agreement with Nexus Fuels (now Nexus Circular) back in 2019. Nexus operates a 'pilot' Nexus Pyrolysis plant with a rated capacity of 50 tonnes per day at its production site in Atlanta .

Since that date, Shell has successively invested in Dutch  company BlueAlp, signed pyrolysis oil supply agreements with Pryme, another Dutch  company, and with Finnish  company Lamor in Europe, with Environmental Solutions Asia in Singapore , and with Freepoint Eco-Systems in the U.S.A. , invested in two pyrolysis oil upgraders at its Mordijk site in The Netherlands   and signed a LOU with Dialog Group Berhad in Malaysia  and a MOU with the European branch of Agilyx in Norway  for the development of chemical recycling plants.

This step back from the pledge to develop chemical recycling follows on the previous announcement that Shell is pulling out of planned e-SAF project in Sweden.

#chemicalrecycling  #advancedrecycling  #molecularrecycling  #mechanicalrecycling  #plasticwaste  #pyoil  #pyrolysisoil  #plasticspyoil 

UserPic Kokel, Nicolas
2024/07/10 12:09 PM




A division of Alphabet Inc. has claimed carbon neutrality in its operations since 2007. This status was achieved by purchasing carbon offsets to match the emissions produced by its buildings, data centers, and business travel.

However, in its latest report, the company states:
"Starting in 2023, we no longer support operational carbon neutrality."

Google has ceased its substantial purchase of inexpensive carbon offsets. This strategic shift coincided with Google and Big Tech's dramatic move towards artificial intelligence technology, which is extremely resource-intensive.

As a result, energy consumption in 2023 was 48% higher than in 2019. Total energy consumption doubled over that period.

Microsoft shares a similar story. The company's AI activities led to a 30% increase in emissions compared to 2020, although it still aims to become carbon-negative by 2030.

#microsoft  #google  #alphabet  #ai  #artificialintelligence  #energyconsumption  #carboncredits  #carbonneutrality  #carbonoffsets  #emissions  #CO2  #carbondioxide  #carbonnegative 

UserPic Kokel, Nicolas
2024/07/07 11:21 AM

Mass Balance of SOCAR Türkiye Refinery initialized with crude oil imports.

#crudeoil #massbalance  #Refinery #refining 

UserPic Kokel, Nicolas
2024/06/20 06:49 PM


Jim Ratcliffe, the second richest person in Britain and owner of Manchester United, stated on Bloomberg Television on 18th June:

"Everybody's leaving petrochemicals in Europe, which is something I've never seen in my working life before."

"I'm talking mainland Europe, but I mean, sort of it applies to the UK as well, energy costs are five times the cost of America. Electricity is five times the price of America. It's not 5% or 10% or 50% but 500%."

"So anything where any sort of activity which involves using energy in some form or another is disadvantaged in Europe compared to America or the Middle East, obviously. And then on top of that, you've got a carbon tax. So if you emit anything which has got carbon in it, you pay a carbon tax, you don't pay a carbon tax in America. And then on top of that, you've got social costs."

"There's not much chemical industry left in the UK, it's pretty much finished really. Unfortunately, I don't think the government ever really recognize the importance of that. It's an enormous industry worldwide, but if you look at petrochemicals in Europe it's about the same size as automotive. It's a really big industry."

"Places like America are in a great place for manufacturing because, you know, they've got cheap energy, they've got no carbon taxes. They've got a government which is very interested in social costs, which are very manageable." 

#petrochemicals  #energycosts  #europe  #UK  #carbontax  #socialcosts  #manufacturing 

UserPic Kokel, Nicolas
2024/04/15 04:24 PM


The burgeoning demand for maritime transport has propelled tanker prices worldwide to unprecedented levels.

As of spring 2024, the cost of sea tankers, both new and used, has skyrocketed to historic highs, marking a pinnacle not witnessed in 15 years, as reported by Drewry.

The surge in tanker prices can be attributed to soaring freight rates coupled with limited availability of vessels and shipyards.

The uptrend in newbuilding costs commenced in 2021, spurred by a surge in container orders, which subsequently reduced order slots at shipyards. In 2022, prices for used tankers surged following shifts in global logistics.

Various factors have fueled demand for medium-sized tankers, including anti-Russian sanctions, while the demand for large vessels surged in 2023 with the expansion of long-haul trade between Europe and Asia and the recovery of consumption in China.

Consequently, experts assert that the current demand for tankers has resulted in older vessels fetching prices well above their original costs.

For instance, the cost of a large tanker constructed five years ago surged from $96 million in 2019 to approximately $110-113 million in Q1 2024, marking a staggering 60% increase over the past five years, with newbuilds following suit in the upward trajectory.

#tanker  #oiltanker  #seatanker  #shipbuilding  #maritimtransport 

UserPic Kokel, Nicolas
2024/03/18 08:19 PM

Enverus Intelligence Research (EIR) analysts have provided an overview of merger and acquisition (M&A) activity within the U.S. upstream sector for both the fourth quarter and the entirety of 2023.

The final quarter of 2023 witnessed unprecedented activity, marking a historical high in observed M&A transactions within the U.S. oil and gas industry, totaling $144 billion. Over the course of the entire year, M&A deals amounted to $190 billion, also setting a new record.

Notably, two significant transactions significantly contributed to these figures: Exxon's acquisition of Pioneer Natural Resources for $65 billion and Chevron's purchase of Hess for $60 billion.

This surge in M&A activity is noteworthy considering the backdrop of a decade-long decline in investment in oil and gas exploration. Despite the identification of major shale oil fields in the U.S., investment in new wells has waned, with industry giants opting to acquire existing assets instead.

Analysts at Dittmar observed that the market is currently characterized by an imbalance, with more buyers than sellers, resulting in escalated prices.

#oil &gas #m &a #upstream  #oilandgas  #exxonm  #chevron 

UserPic Kokel, Nicolas
2024/02/15 07:48 AM

Circular Polymer Resources and AmSpec Group to develop a process to test and certify the composition and quality of plastic waste used in chemical recycling, Beatriz Santos from Sustainable Plastics reports on Feb 7th.

Notable, the article mentions that:

"Pyrolysis oil must be diluted with fossil-derived oils or treated to improve its quality to bring it ‘on-specification’ for steam cracking. This diminishes the yield of recycled plastic from pyrolysis or requires energy intensive processes, respectively..."

#chemicalrecycling  #molecularrecycling  #advancedrecycling  #massbalance  #circularpolymer  #pyrolysis 

UserPic Kokel, Nicolas
2024/02/02 07:00 AM


While president Joe Biden himself is hampering the U.S. energy sector by suspending new LNG export permits, his Mexican counterpart says he regrets not buying more oil refineries for Mexico.

Andres Manuel Lopez Obrador admitted he regrets not authorizing the purchase of two more oil refineries similar to Deer Park in Texas.

At one time, AMLO admitted, he and others believed refineries were becoming obsolete due to the growing popularity of electric cars.

AMLO revealed that three years ago, about a dozen refineries in Houston were up for sale at significantly lower prices, and Shell had a few available. He said the decision not to purchase the refineries was influenced by the lack of confidence in the future of gasoline and the difficulty in obtaining U.S. approvals for the deal.

Lopez Obrador said he would encourage the next president to build and buy new refineries.

#mexico  #Refinery 

UserPic Braun, Uwe
2023/09/14 01:26 PM

Iranian exports into China are mainly processed by Shengdong refiners #markettalk 

 

UserPic Kokel, Nicolas
2023/03/04 04:45 PM

Mass Balance enhanced with several processes added. #MTO 
UserPic Kokel, Nicolas
2023/02/12 04:13 AM

The Fuel Gas produced by the Steam Cracker is Hydrogen-rich (84 vol% #hydrogen , 15 vol% #Methane, <1 vol% other) separated from the Components with two Carbon Atoms is sent to the Furnaces and Steam boilers to power the Steam-Cracker. As it is a low Carbon Fuel the level of Carbon Emissions are comparatively reduced. CO2 Emissions are now captured in the Mass Balance Model.
UserPic Braun, Uwe
2022/10/27 09:46 AM

Acquired by Kolmar in 2021 with the intention to manufacture Cellulosic renewable diesel

Link