Communicator
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July 2, 2018 | KBR SCORE™ Technology Selected for GS Caltex Grassroots Olefins Plant in South Korea 29th Aug 2018 | GS Caltex to Build Olefin Plant in Yeosu for 2.6 Tln Won 11th Nov 2022 | GS Caltex completes construction of $2 billion petrochemicals manufacturing plant. 4th Jul 2024 | Korea’s GS Caltex to debottleneck Yeosu cracker in Sep |
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JG Summit Olefins Corporation (JGSOC) has been added and its parent identified. |
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IRPC integrated complex mass balance has been initialized. #irpc #refinery #rayong #crudeoil #olefins #aromatics #petrochemicals #petroleum #fuels |
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Anqing will stop operating its 1.4mn t/yr fluid catalytic cracker (FCC) and 700,000 t/yr deep catalytic cracking unit, which are located near a residential area, for environmental reasons. The project will involve adding a new 3mn t/yr DCC that will enable the refinery to process crude with a higher sulphur content of 1.5pc. Anqing currently produces 30,000 t/yr of polypropylene, 100,000 t/yr of ethylbenzene and styrene and 210,000 t/yr of acrylonitrile, among other products. It will scale up output of these products through the upgrading project. |
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SINOPEC Deep Catalytic Cracking (DCC) description has been updated. |
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Sinopec INEOS (Tianjin) Petrochemical Co., Ltd. and manufacturing site have been added. |
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Finance |
INEOS Feluy SA has been added and its shareholder identified. |
Finance |
Ineos Olefins Belgium Holdings Ltd has been added and its parent compny determined. |
Finance |
INEOS European Holdings Ltd has been added and its parent determined. |
Finance |
INEOS Olefins Belgium NV parent company has been updated. |
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MTO process and productions have been added to site and thus mass balance initialized. |
Technology |
The UOP Advanced MTO Process has been added. |
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LyondellBasell today announced the formal launch of a strategic review of the European assets of its Olefins & Polyolefins and Intermediates & Derivatives business units. The assessment will evaluate the assets through the lens of the company's strategy to Grow & Upgrade the Core, Build a Profitable Circular and Low Carbon Solutions Business, and Step Up Performance & Culture. "At the 2023 Capital Markets Day, we stated our intent to concentrate our portfolio around businesses with long-lasting competitive advantage and to reinvest around those advantaged areas generating superior returns at meaningful scale," said Peter Vanacker, LyondellBasell chief executive officer. "These criteria have not changed." The company's investments in a commercial-scale MoReTec plant, LyondellBasell's proprietary technology to convert plastic waste into liquid raw materials, and the development of a circularity hub in the Cologne, Germany region will continue as planned. LyondellBasell will also continue to invest and leverage its differential technology position as a key enabler to grow and upgrade the core asset base. "The company will prioritize its investments to align operations with our circularity and net zero ambitions," Vanacker added. "We understand that strategic assessments can create uncertainty for our employees and customers, but we are committed to operate our assets safely and reliably throughout this process." Source: LyondellBasell Corporate & Financial News, 8th May 2024 #olefins #polyolefins #europe #assets #circularity #netzero #plasticwaste |
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On April 1st, INEOS has completed the acquisition of TotalEnergies’ 50% share of Naphtachimie (720 ktpa steam cracker), Appryl (300 ktpa polypropylene business), Gexaro (270 ktpa aromatics business) and 3TC (naphtha storage, a 50/50 JV between Petroineos and TotalEnergies) announced on July 5th. These businesses have until today been joint ventures between the two companies. A number of other infrastructure assets have also been acquired including part of TotalEnergies ethylene pipeline network in France. INEOS will now fully integrate the Naphthachimie, Gexaro and Appryl petrochemical businesses, assets and infrastructure into INEOS Olefins & Polymers South at Lavera in Southern France. Gexaro, which is located on the Lavera refinery site will continue to be operated by Petroineos. |