Shell Singapore likely to resume production late October

MOSCOW (MRC) -- Shell naphtha cracker at Bukom Island in Singapore is expected to restart by this month end, as per Apic-online.

A Polymerupdate source in the Singapore informed that the company is expected to resume operations at the cracker on October 30, 2016. The cracker was taken offline on September 27, 2016 owing to a technical glitch.

Located at Bukom Island in Singapore, the cracker has an ethylene production capacity of 960,000 mt/year and propylene capacity of 540,000 mt/year.

As MRC informed previously, in April 2015, Royal Dutch Shell completed a revamp and upgrade of its Singapore ethane cracker. The project increased production for the 800,000-tpy ethylene plant on Bukom Island by 20%. The ethylene and olefins unit is also integrated with Shell’s 500,000-bpd refinery. The revamp project supported expansion of other intermediate product facilities located on nearby Jurong Island, including Shell’s mono-ethylene glycol (MEG) plant and third-party facilities. The Bukom Island ethylene cracker is a flexible-feed unit and can process both naphtha and LPG.

Royal Dutch Shell plc is an Anglo-Dutch multinational oil and gas company headquartered in The Hague, Netherlands and with its registered office in London, United Kingdom. It is the biggest company in the world in terms of revenue and one of the six oil and gas "supermajors". Shell is vertically integrated and is active in every area of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading.
MRC

PVC imports into Ukraine increased by one third in Jan-Sept 2016

MOSCOW (MRC) - Imports of suspension polyvinyl chloride (SPVC) into Ukraine increased by one third in the first nine months of this year, compared to the same period in 2015 and totalled 81,300 tonnes, according to MRC DataScope.

September SPVC imports into Ukraine seasonally decreased to 9,000 tonnes, compared with 9,500 tonnes in August 2016. Local producers of PVC compounds reduced volumes of purchases. Total SPVC imports in the country grew to 81,300 tonnes in January - September 2016, compared with 60,900 tonnes year on year.

Structure of PVC imports into Ukraine over the reported period was as follows.

September imports of US SPVC into Ukraine decreased to 4,400 tonnes, compared with 4,500 tonnes in August. Ukraine's imports of US resin totalled 47,600 tonnes in the first nine months of the year, compared with 25,000 year on year. The peak of PVC imports supplies from the United States accounted for February - March, which corresponds to the period in November 2015 - January 2016, when export prices were at very low levels.

September imports of European PVC in Ukraine decreased to 4,100 tonnes, compared with 4,500 tonnes in August. Total imports of European PVC into Ukraine were about 28,600 tonnes in the first nine months of the year, compared with 29,000 tonnes year on year.

In late September, Ukrainian companies have resumed purchases of resin in Russia, having bought less than 500 tonnes. Russia's imports of resin into Ukraine decreased to 4,400 tonnes in Jan-September 2016, compared with 6,200 tonnes year on year.


MRC

Ningbo Fortune to startup PDH, PP units in end Oct

MOSCOW (MRC) -- Ningbo Fortune Petrochemical Co., Ltd., short as Ningbo Fortune, has scheduled to fully startup its 660,000 tonnes PDH unit and 400,000 tonnes polypropylene (PP) unit by the end of Oct, said Ccfgroup.

The newly build PP plant could produce PP raffia-grade S1003, BOPP film-grade F1002B, textile-grade S2040, fiber-grade S2025, and co PP K8003, K4912, etc.

Ningbo Fortune Petrochemical Co., Ltd. is a wholly owned subsidiary of Oriental Energy Co., Ltd., located in Ningbo Daxie Development Park. Ningbo Fortune Petrochemical Co., Ltd. has its major investment aiming at two 660,000 tonnes PDH units and one 400,000 tonnes polypropylene unit. The construction will be divided into two phases, as one 660,000 tonnes PDH unit and one 400,000 tonnes polypropylene unit are scheduled in the first phase.

As MRC informed earlier, in 2014, Honeywell UOP won a contract to supply its Oleflex propane dehydrogenation (PDH) technology for this project.

Ningbo Fortune Petrochemical Co.,Ltd. is a wholly owned subsidiary of Oriental Energy Co., Ltd. (OE). With a registered capital of 1 billion RMB, Ningbo Fortune Petrochemical Co.,Ltd.is located in Ningbo Daxie development park, adjacent to our Ningbo storage base.
MRC

PVC imports to Belarus down 21% in the first eight months of 2016

MOSCOW (MRC) -- Overall imports of unmixed polyvinyl chloride (PVC) into Belarus decreased in the first eight months of 2016 by 21% year on year, totalling 15,300 tonnes, according to MRC's DataScope report.


According to the Statistics Committee of Belarus, in August, local converters significantly reduced their purchasing of PVC. Imports of resin fell to 2,600 tonnes to 3,000 tonnes in July. This was partially caused by limited export quotas of Russian producers. There was also a decrease in demand for certain finished products from PVC in August.

Demand for PVC from local converters subsided to 15,300 tonnes in January-August 2016 from 19,400 tonnes a year earlier. Lower sales of finished products, particularly, of profile-moulded products, were the main reason for such a major decline in processing volumes. Exports of profile-moulded products fell in the first eight months of the year by 36.1% to 6,300 tonnes.

MRC

Orlen 3Q net profit up 77% to Zl 1.57bn despite margins fall

MOSCOW (MRC) -- For Q3 2016, PKN ORLEN reported LIFO-based EBITDA of PLN 2.2bn, up PLN 200m yoy, said the company on its site.

The result was supported by record-breaking performance of the retail segment, depreciation of the zloty against foreign currencies, and recognizing of subsequent instalment related to the Steam Cracker fire in Litvinov, the Czech Republic. Factors weighing down on performance included a decline in downstream margin and maintenance shutdowns. In Q3 2016, PKN ORLEN generated operating cash flows of PLN 2.1bn and, in line with earlier announcements, paid out dividends of PLN 2 per share. In July, the Company released its second integrated annual report, showing the interplay between financial and non-financial aspects of its business, which was recognised by the WSE as the best CSR report.

LIFO-based EBITDA reached PLN 2.2bn despite weaker downstream margin (down USD 4.5/bbl relative to Q3 2015), and lower sales volumes of high-margin petrochemical and refining products, resulting from an industrial failure at Unipetrol. The adverse effect of these factors was mitigated by, among other things, the weakening of the zloty against the dollar (3%) and the euro (4%) yoy, higher retail margins, and recognizing of subsequent installement (PLN 350m) for damage caused by the Steam Cracker fire in Litvinov. Relative to the same period of 2015, in all its home markets, PKN ORLEN saw increased diesel oil consumption, whereas gasoline consumption was lower only at German market.

As MRC informed earlier, PKN ORLEN has signed a contract with Saudi Aramco for the supply of ca. 200 thousand tonnes of crude oil monthly to its refineries. The contract will be effective from May 1st to December 31st 2016, with an option of automatic renewal for successive years. The oil will be processed by all PKN ORLEN's refineries in Poland, the Czech Republic and Lithuania.

PKN Orlen is a major Polish oil refiner and petrol retailer. The company is a significant European publicly traded firm with major operations in Poland, Czech Republic, Germany, and the Baltic States. It currently (2015) ranks 353, with a revenue of over USD33.8 billion.
MRC