MOSCOW (MRC) -- Bakhtar Petrochemical Company is in plans to start a new high density polyethylene/linear low density polyethylene (HDPE/LLDPE) swing plant, as per Apic-online.
A Polymerupdate source in Iran informed that the company is in plans to begin operations at the new swing plant towards the end of current year.
Located at Mahabad city of Iran, the HDPE/LLDPE swing plant has a production capacity of 300,000 mt/year.
We remind that, as MRC reported earlier, currently number of active Iranian Petrochemical complexes are 53, with total production capacity of 59 million metric ton, producing range of polymers, chemicals, aromatics & liquid gas, located mainly at Iranian south region, next to Persian Gulf, called Assaluyeh and Mahshahr Special Economic Zones.
At the moment, there are 67 developments projects in the country which are under construction, adding 61 million metric ton on total production and estimated to fully run till 2018.
MOSCOW (MRC) -- PTT Global Chemical (PTTGC) is in plans to shut a low density polyethylene (LDPE) plant for maintenance turnaround, according to Apic-online.
A Polymerupdate source in Thailand informed that the plant is likely to be shut in September 2015. It is expected to remain off-stream for around 2 weeks.
Located at Map Ta Phut in Thailand, the LDPE plant has a production capacity of 300,000 mt/year.
We remind that, as MRC informed before, in 2013, Indonesian state-owned energy company Pertamina signed an agreement to purchase petrochemical products from PTT Global Chemical. The agreement serves as a pre-marketing strategy for Pertamina and PTT’s joint Indonesian petrochemical business. Under the agreement, PTT will deliver at least 5,000 tonnes of polyethylene (PE) and polypropylene (PP) products each month to Pertamina for sale in Indonesia.
Besides, Pertamina and PTTGC were to start joint shipments of PE to the Indonesian market from 1 July 2014, but they were posponed till September 2014.
PTT Global Chemical is a leading player in the petrochemical industry and owns several petrochemical facilities with a combined capacity of 8.45 million tonnes a year.
MOSCOW (MRC) -- Borouge has selected Neste Jacobs, a technology, engineering and project management company, as a front-end engineering and design (FEED) service contractor for its polyethylene (PE) plant modification project, located in the Ruwais industrial area of the UAE, said Hydrocarbonprocessing.
This project is the third FEED project in a row which Neste Jacobs is delivering to Borouge in the UAE under the long-term service contract that was previously signed between the two companies (Tier 1 contract).
"This contract is an important milestone in cooperation and partnership between Neste Jacobs and Borouge," said Jarmo Suominen, CEO of Neste Jacobs. "This project is also a proof that we are generating real added values for our customers and provide high quality services competitively in the Middle East and also globally."
The project scope includes FEED services such as process and plant engineering and project management. The project will be executed by Neste Jacobs' Abu Dhabi office, and it will be delivered within the course of year 2015.
"Neste Jacobs' extensive know-how of our polyethylene process technology and our production plants combined with Neste Jacobs' local presence in the Middle East were some of the most important selection criteria for choosing a FEED contractor," said Abdulla N. Ateya, senior vice president of Borouge's technical group.
"Neste Jacobs is our long-term engineering partner and we are very much looking forward to extending our good cooperation with them," he added.
As MRC informed earlier, Borealis and Borouge, the world's leading providers of innovative, value-creating solutions for the wire and cable industry, continue to deliver on their commitment to driving innovation in the global industry. Borealis and Borouge have developed new products such as Borealis PP4874 for data cables and Borealis LE0563 for submarine power cable jackets, which will be showcased at the 2014 Wire Dusseldorf. Thus, the company is going to launch its two new grades at the event.
Borouge is a joint venture between the Abu Dhabi National Oil company and Borealis.
Borealis is a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers. Borealis is headquartered in Vienna, Austria, and operates in over 120 countries with around 5,300 employees worldwide.
MOSCOW (MRC) -- Asahi Kasei said on Thursday that the Fair Trade Commission of the Republic of Korea on 19 August cleared the previously announced acquisition of Polypore International (Charlotte, NC), said the producer in its press release.
With this clearance, Polypore, Asahi Kasei and 3M, which is acquiring Polypore’s separation media segment, have received all antitrust clearances from applicable US and foreign regulatory authorities required in connection with the deals. The transactions are expected to close on 26 August 2015.
As MRC informed earlier, on February 23, 2015, Asahi Kasei announced that it had entered into a definitive merger agreement to acquire Polypore International, Inc. through a US subsidiary.
Asahi Kasei Corporation is a global Japanese chemical company. Its main products are chemicals and materials science.