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MOSCOW (MRC) -- Ineos Technologies has licensed its Innovene polypropylene (PP) process for the production of homopolymers, random and impact copolymers and its Innovene G process for the production of linear low-density polyethylene (LDPE) and high-density polyethylene (HDPE) to Xinjiang Bangyou Chemical Co. in Xinjiang, China, as per Apic-online.
The Innovene PP plant will have a capacity of 350,000 t/y and the Innovene G unit will have a capacity of 250,000 t/y. The plants will produce a wide range of products to serve growing demand in China.
"We chose Innovene PP and Innovene G because they give us broad product capability at low investment and operation cost," said Zhang Guoqi, chairman of Xinjiang Bangyou. "The two Ineos technologies offered an optimized process combination for our polyolefin units to deliver products required in the market," he added.
As MRC informed earlier, in January 2014, Ineos Technologies licensed its Innovene PP process for the manufacture of homopolymers, random copolymers and impact copolymers to Vung Ro Petroleum Ltd. at its refinery complex located in Hoa Tam Commune, Dong Hoa District of Phu Yen Province, Vietnam. The 900,000 Innovene PP plant will produce a wide range of polypropylene grades to serve the growing demand in the Asian market.
INEOS Group Limited is a privately owned multinational chemicals company consisting of 15 standalone business units, headquartered in Rolle, Switzerland and with its registered office in Lyndhurst, United Kingdom. It is the fourth largest chemicals company in the world measured by revenues (after BASF, Dow Chemical and LyondellBasell) and the largest privately owned company in the United Kingdom.
MRC
Ineos licenses Xinjiang Bangyou to use Innovene PP and Innovene G technologies
CNOOC and LG JV gives South China its first ABS plant
The total investment outlay has been pegged at about USD400 mln. The plant is located in the Daya Bay Petrochemical Industrial District in Huizhou, Guangdong province, neighboring CSPS (a JV between CNOOC and Shell) and the Huizhou Refinery and Ethylene project.
The company is "actively preparing for" the second phase, which has been approved by the provincial government and double the plant’s capacity to 300,000 tons upon completion.
Given the oversaturation of China’s standard ABS market, this plant is focused on specialty grades and high-end standard grades, serving processors in South and East China. The company said it is supplying materials to appliances giants as well as makers of consumer products and toys.
We remind that four CB&I technologies were selected by China's CNOOC Oil & Petrochemicals Co. the second expansion phase of their refinery and petrochemical complex at Huizhou in Guangdong Province.
China National Offshore Oil Corporation (CNOOC Group Chinese) is one of the major national oil companies of China. It is the third-largest national oil company in the People's Republic of China after CNPC (parent of PetroChina), and China Petrochemical Corporation (parent of Sinopec).The CNOOC Group focuses on the exploitation, exploration and development of crude oil and natural gas offshore of China.
LG Chem Ltd., often referred to as LG Chemical, is the largest Korean chemical company and is headquartered in Seoul, South Korea. According to ICIS report, it is 15th biggest chemical company in the world in 2011. It has eight domestic factories and global network of 29 business locations in 15 countries. LG Chem is a manufacturer, supplier, and exporter of petrochemical goods, IT&E Materials and Energy Solutions.
MRC
Unipetrol unexpectedly shut down its steam cracker
MOSCOW (MRC) -- Czech downstream oil group Unipetrol (part of Polish PKN Orlen) had decided, due to unexpected technical difficulties, to shut down operation of its petrochemical steam cracker unit at Chempark Zaluzi in Litvinov starting from Thursday, 22 May 2014, reported the company on its site.
Operation of other Unipetrol’s production units should not be affected, as per the company's statement.
Total negative impact on Unipetrol Group full-year 2014 EBITDA is preliminarily estimated at approximately CZK 40 million.
As MRC wrote before, last year, Unipetrol acquired technology and production rights for a new polyethylene unit and wants to pick a contractor for the project in the first half of 2014. The company, after posting net losses in 2011 and 2012, laid out plans to invest almost USD1 billion over the next five years and make its petrochemical segment the biggest contributor to profit.
Unipetrol expects petrochemicals to become the largest source of revenue for the company in 2013-2017. Unipetrol wants to use the favourable market conditions to reinforce its position on the petrochemical market and optimise its operations.
Unipetrol , a.s. is a group of companies operating in the petrochemical industry in the Czech Republic. In 2005 Unipetrol became a part of the PKN ORLEN Group, the largest oil processor in Central Europe. The UNIPETROL Group is oriented mostly towards oil processing, fuel distribution and petrochemical production. In all of these business areas the Unipetrol Group is among the key players both in the Czech Republic and on the Central European market. The Group ranks among the leading firms in the Czech Republic in terms of its revenues, and employs almost 4,000 people.
MRC
Production of products from polymers in Russia rose by 3.7% in January-April 2014
MOSCOW (MRC) -- The output of finished products made from polymers in Russia increased over the first four months of 2014. Polymer films producers accounted for the main growth in production, reported MRC analysts.
Production of key products from polymers in Russia rose by 3.7% from January to April 2014. Polymer films producers accounted for the greatest increase in the output, whereas this figure has been negative in the construction sector since the beginning of the year.
According to the Federal State Statistics Service of the Russian Federation, April production of unreinforced and non-combined films rose to 91,600 tonnes (in March - 90,400 tonnes). Thus, the output of these products in Russia exceeded 305,100 tonnes from January to April 2014, up by 17.7% year on year.
Last month's production of porous sheets and plates totalled about 18,100 tonnes (in March - 16,200 tonnes). The output of these products increased over the first four months of 2014 by 6.6% to 67,400 tonnes.
April production of bottles, large bottles and flasks from polymers rose to 1.4 billion items (in March - 1.03 billion items). About 4.6 billion pieces of bottles, large bottles and flacks were produced in Russia over the first four months of 2014, up by 5.1% year on year.
Last month's output of doors and their boxes from polymers totalled about 77,300 square meters (in March - 69,100 square meters). The overall production of these products virtually remained at the last year's level from January to April of 2014 and totalled 240,200 square meters (an increase of 0.9%).
April production of plastic pipes, hoses and fittings rose to 49,600 tonnes (in March - 41,400 tonnes). The overall output of these products reached 152,300 tonnes over the first four months of the year, down by 13.8% year on year.
Last month's output of plastic windows and their frames and sills grew to 2 million square meters (in March - 1.7 million square meters). The production of plastic windows and window sills totalled about 6.3 million square meters from January to April of 2014, down by 4.1% year on year.
MRC
PE imports to Belarus fell by 23% from January to March 2014
MOSCOW (MRC) -- Weak demand for finished products and the continuous devaluation have led to a major reduction in polyethylene (PE) imports into Belarus. Thus, PE imports decreased by 23% over the first three months of 2014, reported MRC analysts.
March PE imports to Belarus rose to 5,900 tonnes. However, PE imports to the local market fell to 20,100 tonnes in the first quarter of 2014 from 26,100 tonnes a year earlier. Local companies were forced to reduce PE purchasing in foreign markets amid weak demand for finished products and the prolonged devaluation on the back of limited credit financing.
March imports of high density polyethylene (HDPE) was about 2,600 tonnes. Thus, the overall HDPE imports to Belarus fell over the first three months of the year to 10,500 tonnes from 15,000 tonnes a year earlier. Russian HDPE producers accounted for over 70% of the total imports, although their share will be shrinking in the coming months on the back of an outage at Stavrolen.
March imports of low density polyethylene (LDPE) and linear low density polyethylene (LLDPE) totalled about 3,300 tonnes. The overall imports of these PE grades dropped to 9,700 tonnes over the first three months of 2014 from 11,100 tonnes a year earlier. The key suppliers in the LDPE sector are Russian producers with the share of over 60%, while Sabic, the Middle Eastern producer, with the share of over 70% occupies the leading position in the LLDPE market.
MRC