Communicator

Pemex Transformación Industrial, a fully owned subsidiary of Petroleos Mexicanos, has been created.

#pemex  #petroleosmexicanos  #pemextransformacionindustrial  #refining  #petrochemicals 

DOW petrochemical size in Terneuzen has been added.

#dow #terneuzen  #netherlands  #benelux  #europe  #petrochemicals 

Vitol's ATB Terminal in Malaysia.

In a recent report, Vitol, the world's largest independent oil trader, has projected that global oil demand will remain at current levels until at least 2040. This forecast challenges earlier predictions of a peak in oil demand followed by a sharp decline due to the rise of electric vehicles and renewable energy sources.

Vitol's analysis suggests that while demand for oil in developed nations may decrease, this will be offset by rising demand in developing economies. The company cites population growth, economic expansion, and urbanization as key factors driving this continued demand.

The report also highlights the role of the petrochemicals industry, which is expected to see increased oil demand for the production of plastics and other materials. This growth, coupled with demand from developing nations, is anticipated to keep global oil consumption steady.

While acknowledging the global push for cleaner energy, Vitol's forecast indicates that oil will continue to play a significant role in the global energy mix for the foreseeable future. The company's analysis underscores the complex challenges of balancing economic development with the transition to a more sustainable energy future.

China: Vitol's global head of research, Giovanni Serio, has highlighted that China will continue to play a critical role in global oil demand, particularly in the petrochemical sector. Despite the rise of electric vehicles and the energy transition, China's focus on petrochemicals is expected to drive oil demand.

Long-Term Forecast: Vitol has pushed back its peak oil demand forecast globally to the 2030s, citing a slower uptake of electric vehicles and lower commitments to environmental targets. The company also anticipates that jet fuel and petrochemical feedstocks will drive global oil demand growth in the next five years.

These insights reflect Vitol's evolving views on the future of oil demand, emphasizing the role of emerging markets and the ongoing energy transition.

#vitol  #energy  #energytrannsition  #oildemand  #crudeoil  #petrochemicals 

OQ Refineries and Petroleum Industries Company (OQ RPI) has been added as a 100% shareholding wholly owned subsidiary of OQ.


#oq  #oqrpi  #refining  #petrochemicals  #oman 

China's largest petrochemical industrial base has been fully completed.

On December 19, the second phase of the capacity expansion and high-end new materials project of SINOPEC's Zhenhai Refining and Chemical (ZRCC), a key project of Zhejiang Province's "14th Five-Year Plan", was fully mechanically completed, setting a number of records in the construction of domestic projects of the same size, including the most extensive application of independent innovation, the highest degree of intelligence, and the best energy saving and consumption reduction. So far, the refining capacity of Zhenhai Refining and Chemical has been increased to 40 million tons, making the total refining capacity of the Zhejiang Ningbo Petrochemical Base where it is located exceed 50 million tons, making it the largest, most technologically advanced, and most competitive world-class petrochemical industrial base in the country.

The Ningbo Petrochemical Industrial Base in Zhejiang is located in the Yangtze River Delta region and is a consumption center for downstream petrochemical products. The total investment in the Phase II capacity expansion and high-end new materials project of Zhenhai Refining and Chemical is 41.6 billion yuan, covering 18 units such as atmospheric distillation, catalytic cracking, polypropylene, and propane dehydrogenation. The new production capacity is fully focused on chemical processes, which will give rise to a number of high-value-added characteristic industrial chains such as "refining-propane dehydrogenation-propylene-acrylonitrile-ABS/methionine, refining-liquefied gas-isononanol-environmentally friendly plasticizers", focusing on the development of high-end polyolefins, high-end new materials, high-end chemicals and other products, which can provide nearly 8 million tons of related products to the downstream each year, providing strong support for the integrity and competitiveness of the industrial chain of advantageous industries such as automobiles, home appliances, and textiles in the Yangtze River Delta region, and driving the trillion-level output value of the upstream and downstream industrial chains.

The project has set multiple records and established industry benchmarks. It successfully achieved domestic production of 10 core equipment pieces, including the world's largest vertical labyrinth compressor. The project extensively implemented smart technologies, achieving simultaneous delivery of digital and physical factories, and deployed a fully independent domestic industrial operating system. It utilized the independently developed "Petrochemical Smart Cloud" industrial internet ecosystem platform to effectively support operational decisions and management. Additionally, the project was the first to comprehensively implement energy-saving measures, reducing overall energy consumption by approximately 11.7%. During the construction period, the project accumulated over 90 million continuous safe work hours, with a 100% quality pass rate for unit projects, setting a new industry standard.

Source: Xinhuanet

#china #sinopec #zhenhai #ningbo #zrcc #zheijiang #pdh #adu #fcc #acrylonitrile #abs #lng #refining #petrochemicals

Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, December 2024.

India has emerged as the leading source of growth in global oil consumption in 2024 and 2025, overtaking China this year, EIA reports.

China’s oil consumption grew by more than India’s in almost every year from 1998 through 2023, with China’s oil consumption regularly growing more than any other country during those years.

Over 2024 and 2025, India accounts for 25% of total oil consumption growth globally. EIA expects an increase of 0.9 million barrels per day (b/d) in global consumption of liquid fuels in 2024 and even more growth in 2025, with global oil consumption increasing by 1.3 million b/d.

Driven by rising demand for transportation fuels and fuels for home cooking, consumption of liquid fuels in India is forecast to increase by 220,000 b/d in 2024 and by 330,000 b/d in 2025. That growth is the most of any country in each of the years.

China’s liquid fuels consumption is expected to grow by 90,000 b/d in 2024 before increasing by 250,000 b/d in 2025. In China, rapidly expanding electric vehicle ownership, rising use of liquefied natural gas for trucking goods, a declining population, and decelerating economic growth have limited consumption growth for transportation fuels. Most of the growth in China is the result of increasing oil use for manufacturing petrochemicals.

Although India’s growth in percentage and volume terms exceeds China’s growth in the forecast, China still consumes significantly more oil. Total consumption of liquid fuels in India was 5.3 million b/d in 2023, while China consumed more than triple that amount at 16.4 million b/d in 2023, based on December estimates.

Read our oil demand forecast to 2050.

#fuels  #petrochemicals  #electricvehicles  #crudeoil  #naturalgas  #lng  #liquidfuels  #china  #india 

Aug 28, 2024 | Offshore Technology

The venture, estimated to cost more than $10bn (Rs839.48bn), is in discussion with ONGC and its subsidiary HPCL.

The Chatterjee Group (TCG), a US-based private equity firm, is seeking a partnership with Indian state-run companies for an oil-to-chemicals project in Cuddalore, Tamil Nadu, reported Bloomberg, citing sources. TCG is in discussion with Oil & National Gas Corporation (ONGC) and its subsidiary Hindustan Petroleum Corporation (HPCL). The proposal suggests the state companies collectively hold a 49% stake in the project – estimated to cost more than $10bn – while TCG, which operates in India through Haldia Petrochemicals, would retain the remaining 51% share. TCG’s project aims to produce 3.5mtpa of ethylene and propylene.

As per Reuters’ April report, Haldia Petrochemicals CEO Navanit Narayan stated that the project is expected to be operational by 2029. The project’s financial closure is anticipated by the end of 2024. Haldia Petrochemicals currently operates a petrochemical plant in eastern India and is developing the nation’s largest integrated phenol project in West Bengal’s Haldia.

The potential investment reflects India’s focus on expanding petrochemical capacities, providing essential materials for a range of products from consumer goods to automotive components. As per government estimates, the demand for chemicals and petrochemicals in India is projected to triple to $1trn by 2040. Oil refiners, including Reliance Industries led by Mukesh Ambani, are shifting their production focus towards petrochemicals over traditional fuels to cater to the increasing demand for specialty plastics and chemicals used in solar panels and electric vehicles.

As per Reuters’ April report, Haldia Petrochemicals CEO Navanit Narayan stated that the project is expected to be operational by 2029. The project’s financial closure is anticipated by the end of 2024. In other development, ONGC has recently been granted government approval for an additional investment of $2.19bn into its petrochemical unit ONGC Petro Additions.

#haldia  #chatterjeegroup  #india  #cotc  #oiltochemical  #hplc  #ongc  #reliance  #ethylene  #propylene  #petrochemicals  #oilrefining  #petroadditions 

IRPC integrated complex mass balance has been initialized.
 

#irpc #refinery  #rayong  #crudeoil  #olefins  #aromatics  #petrochemicals  #petroleum  #fuels  

The oil conversion of the two Chinese oil companies SINOPEC and PETROCHINA has accelerated.

Petrochemical Industry Going Global Alliance November 9, 2024 10:50

Nowadays, it is imperative for traditional fuel-based refineries to transform into chemical-based refineries. In recent years, Sinopec and PetroChina have accelerated their transformation from oil refining to new chemical materials.

Typical Enterprises of PetroChina in Reducing Oil and Increasing Chemicals

On October 31, PetroChina held a 2024 third quarter performance briefing in Shanghai, mentioning that in the first three quarters of 2024, the commodity volume of China's petrochemical products was 28.643 million tons, a year-on-year increase of 9.7%. The output of new materials was 1.618 million tons, a year-on-year increase of 62.6%. This data shows that PetroChina has achieved outstanding results in the field of refining and new materials industry by reducing oil and increasing chemicals. In 2023, the output of new materials of China's petrochemical industry was 1.37 million tons, a year-on-year increase of 60%, and the refining and new materials business achieved an operating profit of 36.94 billion yuan.

01 | Jilin Petrochemical

At present, the Jilin Petrochemical Refining and Chemical Transformation and Upgrading Project with a total investment of 33.9 billion yuan is accelerating. It is expected that 18 main units and 142 small overall projects of the transformation and upgrading project will be delivered before November 30. Before the end of the year, all 21 units will be delivered, and the project will be fully put into production in 2025. After it is put into production, it can achieve an increase of 2.8 million tons of chemical products per year. After the project is put into production, while maintaining the crude oil processing capacity unchanged, it can achieve a reduction of 2.63 million tons/year in oil product output and an increase of about 2.77 million tons/year in chemical products. The effect of "reducing oil and increasing chemicals" is significant; especially after the ABS production capacity reaches 1.8 million tons/year, it will rank first in China and third in the world, highlighting the advantages of the industrial chain; new high-value-added chemical products and new materials such as EVA, bisphenol A, and butadiene rubber will be added.

Jilin Petrochemical has developed a high-end ABS product with high impact resistance, which is the only ABS product in China that meets the technical requirements of national and American standards for Class A helmets. This product not only meets the rigidity and toughness requirements, but also has good low temperature resistance. In an environment of -30℃, it has the same impact resistance as ordinary helmets at room temperature.

02 | Daqing Petrochemical

In November 2020, Daqing Petrochemical's refining structure adjustment, transformation and upgrading project, including 1.2 million tons/year continuous reforming unit, 2 million tons/year catalytic cracking unit and 12 other main units and 29 supporting public works and auxiliary facilities, were fully completed and put into operation. At present, Daqing Petrochemical's ethylene unit de-bottleneck and downstream supporting projects have been completed and handed over, with a total ethylene production capacity of 1.38 million tons/year, and the ethylene energy consumption of the E3 unit has dropped to less than 587.5 kg of standard oil/ton, reaching the industry's energy efficiency benchmark level.

Daqing Petrochemical has strengthened cooperation with scientific research institutes and implemented major CCUS scientific and technological projects. The on-site application of the independent technology of new coke-suppressing furnace tubes has achieved good results, and promoted the high-quality development of enterprises through technological progress. Carry out research on the localization of catalysts, and 4 imported catalysts have been replaced by domestic products for the first time. In terms of new materials, Daqing Petrochemical actively implements the new material acceleration project and strives to create a "product giant". In 2023, Daqing Petrochemical will develop 7 new products such as lithium battery diaphragm materials and Zhongmenni chlorinated polyethylene type B materials, and increase the output of 19 new (high-efficiency) products such as 19G and 2820D by 522,000 tons, and produce 11 new material products with grades such as DQDN3711 and UH060P, etc. 40,800 tons. In the first half of this year, it continued to expand the production of new (high-efficiency) chemical products such as DQDN3711 and 19G, and successfully developed 4 new products such as QL505PR and special functional fibers.

03 | Dushanzi Petrochemical

At present, Dushanzi Petrochemical is accelerating the construction of the Tarim 1.2 million tons/year Phase II ethylene project, which will quickly release 1.2 million tons of polyethylene, 450,000 tons of polypropylene, and 100,000 tons of rubber production capacity. At the same time, it can provide 400,000 tons of raw materials per year to drive the development of the downstream industrial chain.

The Tarim 1.2 million tons/year Phase II ethylene project adheres to the innovative and green construction concept and has built 11 major production units, 10 of which use domestic technology (9 use China Petroleum’s own technology); it maximizes the use of domestic technology and localized equipment, with a localization rate of 99%.

At the end of October this year, the first domestically produced dual-end functionalized solution-polymerized styrene-butadiene rubber SSBR3540 F was successfully started up at the 240,000 tons/year SSBR/SBS rubber unit of PetroChina Dushanzi Petrochemical , filling the domestic gap. Currently, the production capacity of solution-polymerized styrene-butadiene rubber of Dushanzi Petrochemical has reached 160,000 tons/year.

04 | Lanzhou Petrochemical

On June 3, the feasibility study report of the Lanzhou Petrochemical Company's transformation and upgrading ethylene renovation project (million-ton ethylene project) was approved by the China National Petroleum Corporation Party Committee Meeting, marking a key breakthrough in the project's advancement.

Lanzhou Petrochemical Company's transformation and upgrading ethylene renovation project eliminated 240,000 tons/year of obsolete ethylene production capacity, optimized 460,000 tons/year of ethylene, carried out 1.2 million tons/year of ethylene renovation, and built and put into use projects such as medical materials and high-end electronic protective film material production equipment, to comprehensively create a million-ton new material base.

After years of continuous optimization and adjustment of its structure, Lanzhou Petrochemical has formed an integrated refining and chemical production structure, with an annual ethylene output of 1.5 million tons, nitrile rubber production capacity ranking third in the world and second in Asia, and medical polypropylene RP260 filling the gap in the domestic medical material market. In 2024, Lanzhou Petrochemical will successfully produce metallocene ultra-low density polyethylene mPE1012 for the first time; produce the first batch of 220kv high-voltage cable material products CL2140P, breaking technical barriers; and implement the conversion of nitrile rubber NBR2805G and other brands in the rubber field. At present, Lanzhou Petrochemical's new material products have covered many high-tech industries such as medical polyolefins, automotive polyolefins, and metallocene polyolefins.

05 | Guangxi Petrochemical

The Guangxi Petrochemical Refining and Chemical Integration Transformation and Upgrading Project plans to build an ethylene refining unit with an annual capacity of 1.2 million tons and corresponding supporting facilities, including 14 chemical units and 2 refining units. It will promote the transformation of Guangxi Petrochemical from a "fuel type" to a "chemical product and organic material type", and realize the transformation from the refining-based refining and chemical basic industry to the "basic + high-end" energy and chemical material modernization. The total investment of the project is 30.5 billion yuan. After completion and production, it can reduce oil products by 3.49 million tons and increase chemical products by 3.06 million tons each year.

06 | Guangdong Petrochemical

As the world-class project with the largest one-time construction scale in China, the Guangdong Petrochemical Refining and Chemical Integration Project was fully put into production on February 27, 2023. This project is the largest refining and chemical project invested by PetroChina at one time, with a project scale of 20 million tons/year of refining + 2.6 million tons/year of aromatics + 1.2 million tons/year of ethylene, forming a unique deep processing route for heavy and inferior crude oil in the refining and chemical business, realizing "oil where oil is suitable, aromatics where aromatics are suitable, olefins where olefins are suitable".

Inventory of Typical Sinopec Enterprises Reducing Oil and Increasing Chemicals

Sinopec actively responded to the low point of the chemical industry's business cycle, adhered to the "basic + high-end" approach, continued to promote the diversification of raw materials, increased efforts in the development of new materials and high value-added products, and expanded the space for creating benefits.

Vigorously promote the development of domestic and overseas markets, strengthen strategic customer cooperation and product customization services. In the second half of the year, it is planned to produce 6.85 million tons of ethylene. The main investment projects of refining and chemical are:

01 | Zhenhai Refining and Chemical

The Zhenhai Refining and Chemical Expansion Project (Phase II) mainly includes the construction of a new 11 million tons/year refining plant, a 600,000 tons/year propane dehydrogenation plant and downstream processing units. The project will start construction in June 2022 and is scheduled to be delivered in December 2024. On August 30, 2024, the first batch of main and supporting projects of the Zhenhai Base Phase II - aromatics extraction, catalytic gasoline hydrogenation, and pressure tank area - achieved mechanical completion. So far, the overall schedule of the Zhenhai Base Phase II project has been completed by 95%, and the project construction is stable and orderly.

The Zhenhai 1.5 million tons/year ethylene and downstream high-end new materials industry cluster project mainly includes the construction of a new 1.5 million tons/year ethylene unit and downstream processing units, as well as supporting public works and auxiliary facilities. The project will start in November 2023 and is scheduled to be delivered in mid-2026. The project is funded by its own funds and bank loans. As of June 30, 2024, a total investment of RMB 2.8 billion has been completed.

02 | Tianjin Base

The Tianjin Nangang Ethylene and Downstream High-end New Materials Industry Cluster Project mainly includes the construction of a new 1.2 million tons/year ethylene plant and downstream processing units. The project is a key project of the country's "14th Five-Year Plan" with a total investment of over 30 billion yuan. It will extend its development downstream with a 1.2 million tons/year ethylene plant as the leader, and will build 13 sets of production units such as high-density polyethylene and linear low-density polyethylene.

In addition, the 260,000 tons/year polycarbonate (PC) project of Sinopec (Tianjin) Petrochemical Co., Ltd. will be put into commercial operation in Tianjin Nangang Industrial Zone in 2023. This project is another fruitful result of the joint venture between Sinopec and Saudi Basic Industries Corporation (SABIC) after the million-ton ethylene project. It will further meet the growing domestic PC market demand and promote the rapid development of the high-end new materials industry.

03 | Maoming Petrochemical

The project mainly includes 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 will start in June 2023 and is scheduled to be delivered in mid-2026.

This project is a key project for Maoming Petrochemical to promote new industrialization, promote high-end, intelligent and green manufacturing, and achieve the fourth leap-forward development. After all the units are put into use, the system processing capacity will increase by nearly 100% year-on-year, meeting the circulating cooling water needs of the five production units in operation and the subsequent No. 3 ethylene unit and auxiliary facilities.

04 | Hainan Refining and Chemical

On February 21, 2023, Hainan Petrochemical's 1 million tons/year ethylene and refining expansion project successfully completed the entire process, and each unit was successfully started up with one feed.

The project is a key engineering project of Hainan Province and Sinopec. It mainly includes a 1 million tons/year ethylene cracking unit and a total of 10 downstream chemical units. During the construction period, it has created jobs for more than 30,000 people, and has driven the establishment of downstream industries such as Hainan Baling New Materials Company and Oak Chemical Company, and promoted Hainan Liansu and other four companies to extend the industrial chain.

05 | Anqing Petrochemical

On July 6, 2023, with the 400,000 tons/year ethylbenzene-styrene unit producing qualified products, all units of the Anqing Petrochemical Refinery Conversion Plant Structural Adjustment Project were successfully started up safely and environmentally friendly at one time. The project is led by a 3 million tons/year heavy oil catalytic cracking unit. By increasing the production of light olefins and aromatic raw materials to produce high-value-added chemical products, it effectively enhances the adaptability and flexibility of the company's production structure to changes in demand, and explores a development path for domestic refining companies to cope with overcapacity and achieve transformation and upgrading. Among them, the 3 million tons/year heavy oil catalytic cracking unit is the world's first RTC process heavy oil catalytic cracking unit, and the 400,000 tons/year ethylbenzene-styrene unit is currently the largest dry gas method ethylbenzene unit in China.

06 | Shanghai Petrochemical

As China's first 10,000-ton 48K large-tow carbon fiber project, Shanghai Petrochemical's 24,000 tons/year raw fiber and 12,000 tons/year 48K large-tow carbon fiber project. The first domestic production line was put into operation in October 2022 and produced qualified products, marking that Sinopec's large-tow carbon fiber has successfully moved from key technology breakthroughs, industrial trial production, and industrialization to scale and localization of key equipment, breaking the passive situation of my country's carbon fiber production and equipment being controlled by people, and truly realizing independent control.

07 | Baling Petrochemical

On December 15, 2023, Line A of Baling Petrochemical's 600,000 tons/year caprolactam industry chain relocation and upgrading transformation and development project was completed and successfully started up at one time, marking the completion and production of the world's largest single-unit caprolactam production and research and development base with leading technology, opening up a new path for the green transformation and development of heavy chemical industry along the river.

The project adopts Sinopec's new generation of caprolactam green complete set of new technologies with independent intellectual property rights, and realizes industrial application for the first time. The project construction includes 58 sets of new coal gasification, caprolactam, polyamide, synthetic ammonia, hydrogen peroxide, cyclohexanone and other equipment, covering the entire industrial chain from coal-to-hydrogen to polyamide, with a localization rate of 99.9% of the equipment, including the central control system, which is completely localized.

08 | Kuche Green Hydrogen Demonstration Project

On August 30, 2023, the Kuche Green Hydrogen Demonstration Project was fully completed and put into operation. This is the first project in my country to achieve the full industrial chain of 10,000-ton green hydrogen refining and chemical production. It has an annual hydrogen production capacity of 20,000 tons by water electrolysis, a hydrogen storage capacity of 210,000 standard cubic meters, and a hydrogen transmission capacity of 28,000 standard cubic meters per hour. It is the largest photovoltaic power generation direct green hydrogen production demonstration project built using the abundant solar energy resources in western my country. The green hydrogen produced by the project is transported to Tahe Refining and Chemical through pipelines to replace natural gas hydrogen production, which can reduce carbon dioxide emissions by 485,000 tons per year.

The project will build new photovoltaic power generation, water electrolysis hydrogen production, green hydrogen storage and transportation equipment, as well as public works and supporting auxiliary production facilities. The major equipment and core materials such as photovoltaic components, electrolyzers, hydrogen storage tanks, hydrogen pipelines, etc. are all domestically produced, which is of great significance to promoting the rapid development of the domestic hydrogen production equipment industry.


#sinopec  #petrochina  #china  #refining  #petrochemicals 
 

Source: Jilin City, China Petroleum News, China Petrochemical News, Super Petrochemical, official websites of various companies, China Chemical Information Weekly

Picture: Indian subcontinent refineries, via ppPLUS

India’s dependence on imports to meet its requirements of basic petrochemicals, including polymers, is only expected to rise, despite projects – under implementation and on the drawing boards. This is partly because the historical baggage of poor capacity builds will take time to catch up with rising demand.

In the last few years, however, India’s public sector refiners have climbed on the petrochemicals bandwagon, seeking value-added outlets for refinery streams. They have invested in aromatics (for feeding the polyester value chain), propylene (for polypropylene, PP, and some other chemicals notably, oxo-alcohols and acrylate monomers), linear alkyl benzene (LAB), a key detergent raw material, and a few other projects. And more are to come in the near-term.

There are several commonalities amongst the firm projects. For one, the emphasis seems to be on building the C3 (propylene) value chain. This is not surprising as FCC propylene offers a simple, low-cost route to the olefin and one that can be conveniently retrofitted into existing refinery operations. There is also an overwhelming emphasis on PP production, which may not be wise, as it runs the risk of overbuild should demand growth not pan out as anticipated.

There are other propylene derivatives that can be considered, and these merit attention if not by the refiners themselves then by third party investors for whom it will be more worthwhile. Much will hinge on the commercials of the olefin supply arrangement, but such business models are widely followed, including here in India, let alone in other countries.

Importantly, the government needs to recognise that the chemical industry as a key enabler of modern living, and not a nuisance to be constrained through regulation and red-tape. The priority must be on developing well-developed clusters where not just the petrochemical industry, but also the broad chemical industry – including the fine and specialty chemical industries, wherein India’s competitiveness is well recognised – can locate and start operations in double-quick time. Clusters are efficient and safe locales where the industry can thrive, as several countries have amply shown.
 
India needs a much larger and more diversified chemical industry than it has now. The former it seems is happening. Not so sure of the latter. The herd mentality to investments needs to change. Those who have dared to do so – and there are a few examples – have been amply rewarded. More need to emulate, not imitate, them!

Ravi Raghavan, 12 Nov 2024, Linkedin post.

#india  #petrochemicals  #chemicals  #valuechains  #propylene  #fcc  #refinery  #polyester  #aromatics  #olefins  #polypropylene  #acrylics  #lab  #chemicalindustry  #indianchemicals  #IOCL  #BPCL  #HPCL  #RelianceIndustries  #investment  #specialitychemicals  #finechemicals  #oilrefining  #polymers  #ethylene  #competitiveness 

On Oct. 23, Bora LyondellBasell Petrochemical Co., Ltd. (BLYB) celebrated producing 5 million tonnes of polyolefins since its commissioning, LyondellBasell reports on Linkedin. This news triggered us into creating a model of the Panjin site with a good level of details (illustration above), although some information is still lacking, especially on specific technologies employed. BLYB, a joint venture between LYB and Jincheng Petrochemical, operates one of China’s largest polyolefin production sites in Panjin, Liaoning, with an annual capacity of 1.1 million tons of ethylene and related products.

#lyondellbasell  #jincheng  #petrochemicals  #polyolefins  #china  #blyb  #boralyndellbasell  #ethylene 

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 

Shandong Qilu Petrochemical Engineering Co. Ltd ("QPEC"), a Chinese developer of petrochemical technologies, engineering and construction company, has been added.


#qpec  #shandong  #qilu  #petrochemicals  #technologies   

Goh, Jun

SINOPEC SABIC Tianjin Petrochemical Co. Ltd. (SSTPC) has been created.

#sinopec #sabic  #jointventure  #petrochemicals  #china  #tianjin  

Sinopec-SK (Wuhan) Petrochemical Co., Ltd. has been created and parent companies identified.

#sinopec  #sk  #jointventure  #wuhan  #china  #petrochemicals  

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

Aramco, one of the world’s leading integrated energy and chemicals companies, has entered into discussions with Hengli Group Co., Ltd. (“Hengli Group”) regarding the potential acquisition of a 10% stake in Hengli Petrochemical Co., Ltd. (“Hengli Petrochemical”), subject to due diligence and required regulatory clearances.

The companies signed a Memorandum of Understanding (MoU) regarding the proposed transaction, which aligns with Aramco’s strategy to expand its downstream presence in key high-value markets, advance its liquids-to-chemicals program, and secure long-term crude oil supply agreements.

Hengli Petrochemical, a controlled subsidiary of Hengli Group, owns and operates a 400,000 barrel per day refinery and integrated chemicals complex in Liaoning Province, China, and several plants and production facilities in Jiangsu and Guangdong Provinces.

Source: SAUDI ARAMCO NEWS | DHAHRAN, SAUDI ARABIA | APRIL 22, 2024

#refining  #crudeoil  #petrochemicals  #China