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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
2025/02/12 07:12 AM



ExxonMobil's ethylene plant n°3 in Baytown, Texas (Credit: ExxonMobil)


February 7, 2025 | Point Comfort, Texas, USA (ExxonMobil Corp.)

ExxonMobil is evaluating the construction of an $8.6 billion polyethylene plant in Point Comfort, Texas, as part of its global growth strategy. The proposed facility, which would include a large-scale ethane cracker, aims to produce ethylene and polyethylene—key components in plastic manufacturing.

The project is under review following Exxon's application for tax abatements under Texas' Jobs, Energy, Technology, and Innovation Act (JETI). If approved, construction could begin as early as 2026, with operations expected to start in 2031.

The plant would generate approximately 600 permanent and contract jobs and employ over 3,000 workers during peak construction. Exxon projects the facility will contribute $3.6 billion annually to the state's economy once fully operational.

Exxon is also considering alternative locations for the project in the Middle East, Asia, and other parts of North America. The final decision will depend on market conditions and governmental support in competing regions.

#exxonmobil  #polyethylene  #ethylene  #steamcracker  #texas  #usgc  #gulfcoast  #ethanecracker  #gascracker 

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
2025/02/09 05:04 PM

The mass balance has been developed for the main processes, some downstream processes not yet covered. 


#polyethylene  #lldpe  #hdpe  #ldpe   #propyleneoxide  #raffinate  #butadiene  #ethylene  #steamcracking 

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
2024/12/29 05:37 PM

Sumitomo LDPE/EVA dual-autoclave reactor technology, now licensed by Lummus Technology as Hyperlene, has been added.


#lummus  #sumitomo  #autoclave  #ldpe  #polyethylene  #ethylene  #highpressure  #hyperlene 

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 08:11 PM



The ethylene plant employing Huanqiu Engineering technology has a total of 7 cracking furnaces, including two gas furnaces and five liquid furnaces | weixin | 27 Oct 2024


Dushanzi Petrochemical Tarim Phase II Ethylene Project is accelerating

Petrochemical Industry Going Global Alliance | November 9, 2024

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.

#cnpc  #petrochina  #dushanzi  #tarim  #ethylene  #polyethylene  #polypropylene  #sbs  #rubber  #ssbr  #china 

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 11:01 AM

BASF Zhangiang Verbund Site Progress News

◾️ Zhanjiang, China | 6th Sep 2022 | BASF inaugurates the first plant of its new Zhanjiang Verbund site

BASF is inaugurating  the first plant of its Zhanjiang Verbund site today. It will supply an additional capacity of 60,000 metric tons of engineering plastics compounds per year in China, bringing BASF’s total capacity of engineering plastics in Asia Pacific to 420,000 metric tons from 2023. The new plant will enable BASF to meet the growing demand of its customers, particularly in the automotive and electronics industries.

◾️ Linde Press Releases, 8th Feb 2023, Linde Engineering Signed Agreement to Build a Synthesis Gas Plant for BASF in China

Linde Engineering will implement the newly awarded contract in a consortium together with its Chinese partner East China Engineering Science and Technology Co., Ltd (ECEC). The two companies have previously worked together in the design and construction of several Rectisol® Acid Gas Removal units in China. For the new BASF project Linde will be acting as consortium leader, including the provision of basic engineering and key equipment. ECEC will be responsible for the detailed design and the construction.

◾️The Paper | 4th Sep 2023 | BASF starts construction of syngas plant at its integrated Zhanjiang site, scheduled to start production in 2025

BASF China's official website reported on September 4 that the syngas unit at BASF's integrated base in Zhanjiang has broken ground. This world-class syngas unit will be fully integrated into the integrated base and is scheduled to be put into production in 2025.

◾️Global Times | Published: 19th Jan 2024 |New BASF plant inaugurated in S.China, ready to supply global market

German multinational chemical company BASF on 18th January celebrated the inauguration of its Thermoplastic Polyurethane (TPU) plant at its Zhanjiang Verbund site in South China's Guangdong Province, marking a milestone in the site's initial construction phase, according to a statement sent to the Global Times from BASF on Thursday. The new plant is the largest single TPU production line for BASF globally. It will help to meet market demand in industrial, eMobility and new energy segments, the company said.

◾️China Chemical Market Insights | 24th Jan 2024 |BASF's Zhanjiang Verbund Site: A Milestone in Asia-Pacific’s Chemical Industry

Progress in Construction and Technology:
▪️Construction of a polyethylene plant began on June 19, 2023, with a 500,000-ton annual capacity, set to start production in 2025.
▪️In early 2023, BASF initiated the construction of plants for NPG, citral, glacial acrylic acid (GAA), butyl acrylate (BA), and 2-ethylhexyl acrylate (2-EHA).
▪️Significant groundwork was laid for the EO/EG plant and other facilities in partnership with SINOCHEM in September 2022.

◾️BASF News Releases | 21st Mar 2024 | BASF breaks ground on methyl glycols plant at Zhanjiang Verbund site in China

Hong Kong SAR, China – March 21, 2024 – BASF has broken ground on a methyl glycols (MG) plant at its Verbund site in Zhanjiang, China. The new facility is designed with an annual capacity of 46,000 metric tons and aims to meet the rapidly growing demand for brake fluids in the region. The plant is scheduled to commence operations by the end of 2025.

Utilizing BASF's unique process technology, the new facility will be the only fully backward integrated methyl glycols plant into a steam cracker in China, serving the fast-growing brake fluids market.

◾️Zhanjiang Ecological Environment Bureau |19th Apr 2024 | Environmental impact assessment document of the first phase of the engineering plastics product optimization project

The first phase of the BASF (Guangdong) integrated project engineering plastics product optimization project is located in the first phase of the BASF (Guangdong) integrated project in the Donghai Island Petrochemical Industrial Park in Zhanjiang City. It is a technical transformation project, mainly to adjust the production plan of production lines 1, 2, and 4 in the engineering plastics workshop, increase the production capacity of red phosphorus masterbatch flame retardant products by 11,000 tons/year (8,000 tons/year in the near future, and 3,000 tons/year in the long term), and reduce the production capacity of general PA/PBT/PBAT products by 11,000 tons/year, and the total production capacity of 160,000 tons/year remains unchanged. The technical transformation does not involve the TPU workshop of the first phase of the project, only the product plan of the engineering plastics workshop is adjusted, and its production process has not changed. The types and total usage of the main raw and auxiliary materials remain unchanged, and there are no new water, gas, and heat nodes and wastewater and waste gas nodes. No technical transformation will be carried out on the auxiliary and public works of the existing approved projects.


#engineeringplastics #syngas  #polyurethane  #tpu  #acrylates  #acrylicacid  #polyethylene  #eoeg  #ethyleneglycol #linde  #basf  #verbund  #zhanjiang  #guangdong #polyamide  #pbt  #pbat 

UserPic Kokel, Nicolas
2024/12/06 09:04 PM




SIPC 1.2 million tonne ethylene project was completed and put into operation in Tianjin

On 13th November the new ethylene complex operated by SIPC, also known as the 'ethylene and downstream high-end new materials industry cluster project', was successfully put into operation and the whole process was completed, producing qualified products. Sinopec INEOS (Tianjin) Petrochemical Co., Ltd. (SIPC) is a joint venture between INEOS and SINOPEC. The project is built in the Nangang area of the Tianjin Economic and Technological Development Zone.

The steam cracker plant with a 1.2 million tonne per year of ethylene is designed to provide 4 million tons annually of high-end chemical products and fine chemical feedstocks to the downstream every year. There are 13 downstream projects including high-density polyethylene, linear low-density polyethylene, ultra high molecular weight polyethylene, polypropylene, acrylonitrile, and polyolefin elastomers (POE).

The new ethylene complex, partly powered by solar and designed as an energy and water efficient project, is integrated with Sinopec Tianjin's 320,000 barrels per day refinery, Sinopec commented. The company uses a combination of Sinopec's own technology and imported technology to produce high-end, differentiated new materials that replace imports and fill domestic gaps.

The project took only 21.5 months from the start of civil construction to mechanical completion, breaking many records for similar projects, including the best overall coordinated control plan, the least number of workers, the deepest degree of factory prefabrication, the largest proportion of modular installation, the highest rate of localization of large equipment, and the widest application of digital intelligence.

#sinopec  #ineos  #sipc  #petrochemical  #ethylene  #ethyleneplant  #steamcracker  #polyethylene  #polypropylene 

UserPic Kokel, Nicolas
2024/12/05 03:39 PM

With a total investment of 27.8 billion yuan, a new million-ton ethylene project was launched.

2024-10-22, Source

The total investment of Luoyang Petrochemical's million-ton ethylene project is 27.8 billion yuan, mainly to build 13 sets of process production units such as 1 million tons/year ethylene, and implement oil refining adaptability transformation at the same time.

On December 22, 2023, China Petroleum & Chemical Corporation and Henan Shenma Guoxing Industrial Investment Co., Ltd. signed an investment cooperation intention agreement. The two parties will jointly invest to establish a joint venture to jointly build the Luoyang Petrochemical million-ton ethylene project and create a first-class green petrochemical advanced materials industry base in China.

On September 12, 2024, Sinopec Group approved the basic design of Luoyang Petrochemical's million-ton ethylene project, marking that the Luoyang Petrochemical's million-ton ethylene project will enter the full construction stage.

The construction content of Luoyang Petrochemical Million Tons of Ethylene Project includes the construction of:
°a new 1 million tons/year ethylene unit,
°a 600,000 tons/year cracking gasoline hydrogenation unit,
°a 400,000 tons/year aromatics extraction unit,
°a 300,000 tons/year m-LLDPE unit,
°a 350,000 tons/year HDPE unit, and
°a 350,000 tons/year #3  polypropylene unit.

The project is scheduled to be completed and put into operation in December 2025.

After the project is put into production, it can sell about 3 million tons of various chemical products each year, increase the output value by 20 billion yuan, drive more than 160 billion yuan of downstream industrial chain investment, and form an industrial cluster of "hundreds of billions of investment and 10,000 jobs.

#luoyang  #petrochemical  #cpcc  #sinopec  #ethylene  #steamcracker  #hdpe  #lldpe  #polypropylene  #polyethylene  #gasoline  #pygas  #hydrogenation  #china  #henan

UserPic Kokel, Nicolas
2024/12/04 04:10 PM

PetroChina Jilin Petrochemicals, manufacturing site have been added and mass balance initialized.

 

#steamcracking #ethylene  #polyethylene  #abs  #rubber  #crudeoil  #petrochina  #cnpc  #jilinpetrochemical 

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
2024/11/19 09:30 AM

LCTN Merak plant and productions added.
 

#ineos #innovene  #gasphasepe  #polyethylene  #lctn  #lottechemical  #titan  #indonesia 

UserPic Kokel, Nicolas
2024/11/12 12:29 PM

Both phase I and Phase II Ethane-to-Ethylene projects have been geographically located. Phase I mass balance has been initialized. 

#petrochina  #dushanzi  #korla  #china  #ethyleneplant  #steamcracker  #ethylene  #polyethylene   

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
2024/10/28 02:21 PM

HDPE description has been updated.

 

#hdpe #polyethylene  #density  #comonomer 

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
2024/10/11 06:58 PM

Existing FS1 steam cracker technology was developed inhouse by DOW, and the existing three PE trains are Dow solution process according to the Path2NetZero map. Cracker capacity is estimated based on capacity expansion indications.

#dow  #solutionprocess  #polyethylene  #steamcracking  #canada  #fortsaskatchewan 

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
2024/09/24 03:28 PM

The Mass Balance of the Unipol PE plant is completed.

#dow  #canada  #reddear  #prentiss  #alberta  #unipol  #polyethylene 

UserPic Kokel, Nicolas
2024/09/24 12:28 PM

The Mass Balance of Joffre chemical site has been completed, which also includes onsite INEOS LAO plant, the onsite DOW-Nova Ethane Cracker E3 JV and ethylene shipment to nearby DOW Prentiss site from the E3 plant.

#dow  #nova  #canada  #steamcracker  #ethylene  #polyethylene  #unipol  #sclairtech  #technip 

 
UserPic Kokel, Nicolas
2024/09/24 12:20 PM

DOW Prentiss site in Canada has been added.

#dowchemical  #canada  #reddear  #polyethylene  #ethyleneglycol  #ethylene 

UserPic Kokel, Nicolas
2024/09/11 04:10 PM

Nova Chemicals Joffre site has been created.

#canada #joffre  #nova  #chemicals  #cracker  #steamcracking  #polyethylene  #ethylene 

UserPic Kokel, Nicolas
2024/08/09 04:48 AM



The US$5 billion Long Son Petrochemicals Company Limited (LSP), the largest petrochemical complex in Vietnam, will begin its commercial operations from October 2024. Photo: Ngoc Hien / Tuoi Tre


Long Son Petrochemicals Company Limited (LSP), the biggest petrochemical complex in Vietnam, will begin commercial operations from October this year.

Thailand’s Siam Cement Group (SCG) Chemicals, the parent company of LSP, on 1st August released its business performance in the first half of this year.

The firm revealed that LSP was projected to generate revenue of VND15 trillion (US$592.8 million) this year and VND38 trillion ($1.5 billion) by 2025.

The petrochemical complex was initially scheduled for commercial operations in the second quarter of this year.

However, it grappled with a technical problem during its trial operation early this year, resulting in its suspension from March to June this year to remedy the problem and improve its operation capacity.

The complex, when put into commerical operation, will supply plastic pellets to the domestic and global markets.

The global economic downturn and oversupply will be great challenges for the project, according to SCG.

LSP, covering 464 hectares of land in Ba Ria - Vung Tau Province, a neighbor of Ho Chi Minh City, is the first integrated petrochemical project in Vietnam.

In vietnam, SCG’s revenue totaled nearly VND16.4 trillion ($656 million) in the first six months of this year, rising 12 percent over the year-ago period.

Thammasak Sethaudom, president and CEO of SCG, said SCG’s performance in the second quarter of this year was better than that in the previous quarter.

The group yielded VND88.38 trillion ($3.5 billion) in total revenue and VND2.6 trillion ($102 million) in profit of last quarter, up three and 53 percent, respectively, over the previous quarter.

Its revenue hit VND174 trillion ($7 billion) in the first half of 2024.

Tuổi Trẻ Online, 3rd Aug 2024

#polyethylene  #polypropylene  #steamcracking  #vietnam  #scg 

UserPic Kokel, Nicolas
2024/08/02 04:55 AM



Credit: @ExxonMobil, Port-Jérôme (Gravenchon) refinery

ExxonMobil Chemical 🇫🇷 France (EMCF) announced on April 11 the definitive shutdown of the steam cracker and the polyethylene, polypropylene, adhesives and associated logistics facilities units at the Gravenchon site in Port-Jérôme-sur-Seine (Seine-Maritime) in 2024. This will result in the loss of 677 jobs out of a workforce of 2,400 employees in France during 2025, the company said in a press release. In detail, 647 positions will disappear on site and 30 at the company's management in Nanterre (Hauts-de-Seine). The Port-Jérôme refinery activities are not affected. The site will continue to produce and supply fuels, lubricants, base oils and bitumens. Similarly, the activity of Infineum, the joint venture between ExxonMobil and Shell for the production of additives, is not part of the announcement. In 2020, 35 million euros were invested in these operations also located in Gravenchon.

#fuels  #lubricants  #bitumen  #polyethylene  #polypropylene  #steamcracking  #steamcracker  #refining  #refinery  #france  #exxonmobil 

UserPic Kokel, Nicolas
2024/07/21 06:48 PM


Mass Balances of Borouge 1, Borouge 2 and Borouge 3 have been completed. Borouge 4 site's model has been initialized but will be finalized when the project comes on-stream. With each further stage, the sites are becoming more complex, as shown in the mass balance table of Borouge 3. The Mass Balances are presented as simplified block flow diagrams (Borouge 1 visual, Borouge 2 visual, Borouge 3 visual). Technologies have been identified for all assets of all three projects as shown for the Borouge 3 technology table. By clicking on the blue 'T' icons in the diagrams or on the technology name in the technology table, the corresponding technology is shown (e.g. Linde Steam Cracker) and by clicking on the green 'F' icons, the flow details for the corresponding asset are displayed.

#polyethylene  #polypropylene  #steamcracking  #ethyleneplant  #steamcracker 

UserPic Kokel, Nicolas
2024/07/06 01:36 PM

SABIC Clean Tubular Reactor LDPE Technology has been added.

#LDPE #tubularreactor  #highpressure  #polyethylene