Chevron Phillips Chemical starts up new ethane cracker in Baytown

MOSCOW (MRC) -- ?Chevron Phillips Chemical Company LP has announced that it has successfully introduced feedstock and commenced operations of a new ethane cracker at its Cedar Bayou facility in Baytown, Texas, as per the company's press release.

At peak production, the unit will produce 1.5 million metric tons/3.3 billion lbs. per year. This unit will be one of the largest and most energy efficient crackers in the world. In September 2017, the company announced the successful commissioning and start-up of two new Marlex polyethylene units in Old Ocean, Texas, based on the company’s proprietary MarTech technologies. Together, these assets form the bulk of the company’s U.S. Gulf Coast Petrochemicals Project (USGCPP), which was first announced in 2011.

"Construction of these world-scale assets has been ongoing since 2014 and today, we are entering a new era of growth," said Mark Lashier, president and CEO of Chevron Phillips Chemical. "With global demand for ethylene and polyethylene poised for sustained long-term growth, the U.S. Gulf Coast Petrochemicals Project will allow Chevron Phillips Chemical to deliver high-quality products to our customers across the country and around the globe."

Ethylene produced by the new ethane cracker at Cedar Bayou will be used to meet the needs of the company’s derivative units, including the two new polyethylene units at Old Ocean, Texas, which are capable of producing a wide variety of products, ranging from metallocene linear low-density polyethylene to Advanced Dual Loop bimodal polyethylene resins. These resins are turned into consumer and industrial products such as plastic films for food safety and preservation; and polyethylene pipe for water distribution and natural gas transport. In addition, the ethylene will feed the company’s AlphaPlus normal alpha olefins plants which are used extensively for polyethylene comonomers, plasticizers, synthetic motor oils, lubricants, automotive additives, surfactants, paper sizing, and in a wide range of other specialty applications.

"Born from the shale revolution that is providing low-cost feedstock, the U.S. Gulf Coast Petrochemicals Project is the most transformational project in the history of our company,” continued Lashier. "Our company and our growing employee base, the communities we call home, and the entire Gulf Coast region’s economy will benefit for decades to come as our project comes to life."

At peak construction, the USGCPP employed approximately 10,000 construction workers. Combined, it has generated 400 additional permanent jobs.

As MRC reported previously, in June 2017, Chevron Phillips Chemical successfully completed a low viscosity polyalphaolefins (PAO) capacity expansion at its Cedar Bayou plant in Baytown, Texas. The 20% capacity expansion enables the company to meet the increasing demand for lubricants in automotive and industrial applications. Chevron Phillips Chemical develops and produces PAOs, marketed under the brand name Synfluid PAO, which are used for a variety of applications including engine oils, gear oils and greases.

Headquartered in San Ramon, California, Chevron Corporation is the the second-largest integrated energy company in the United States and among the largest corporations in the world. Chevron is involved in upstream activities including exploration and production, downstream activities including refining, marketing and transportation, and advanced energy technology. Chevron is also invested in power generation and gasification processes.

Phillips 66 is a diversified energy manufacturing and logistics company with a portfolio of integrated businesses: Midstream, Chemicals, Refining, and Marketing and Specialties. The company processes, transports, stores and markets fuels and products globally. Phillips 66 Partners, its master limited partnership, is an integral part of the portfolio.

ExxonMobil plans to double annual earnings by 2025

MOSCOW (MRC) -- ExxonMobil has set out its goal to double its annual earnings and cash flow from operations by 2025, through increased investments, as per Refiningandpetrochemicals.

The firm aims to acheive double-digit rates of return in its three business segments including upstream, downstream and chemical. ExxonMobil chairman and CEO Darren Woods said: “We’ve got the best portfolio of high-quality, high-return investment opportunities that we’ve seen in two decades.

“Our plan takes full advantage of the company’s unique strengths and financial capabilities, using innovation, technology and integration to drive long-term shareholder value and industry-leading returns."

ExxonMobil said that the growth plans include steps that would increase profit by more than 100% to USD31bn in 2025 at current crude oil prices. The firm reported an adjusted USD15bn profit in 2017. In the upstream segment, the company intends to undertake number of growth initiatives including low-cost-of-supply investments in US tight oil, deepwater and LNG.

Woods said: "We are in a solid position to maximize the value of the increased Permian production as it moves from the well head to our Gulf Coast refining and chemical operations, where we are focusing on manufacturing higher-demand, higher-value products."

For downstream business, the firm intends to upgrade its product slate through strategic investments at refineries in Baytown and Beaumont in Texas, and Baton Rouge, Louisiana, as well as in Rotterdam, The Netherlands; Antwerp, Belgium; Singapore, and Fawley in the U.K. ExxonMobil expects the downstream margins to increase by 20% by 2025.

It also projects the manufacturing capacity in North America and Asia Pacific for chemical business by to increase about 40%. The plans for an increase in capacity will be achieved by launching 13 new facilities, including two steam crackers in the US.

Woods further said: "Our existing business and plans for growth are robust to a wide range of price environments, allowing us to maintain a growing dividend and a strong balance sheet while returning excess cash to our shareholders," said Woods.

PTTGC plans maintenance at No. 1 cracker

MOSCOW (MRC) -- PTT Global Chemical (PTTGC), Thailand’s largest petrochemical producer, is likely to take its No.1 cracker off-stream for a maintenance turnaround, as per Apic-online.

A Polymerupdate source in Thailand informed that the cracker is expected to be taken off-line in early-September 2018. The planned maintenance is likely to remain in force for around 40 days.

Located at Map Ta Phut in Thailand, the cracker has an ethylene production capacity of 460,000 mt/year and a propylene production capacity of 125,000 mt/year.

As MRC informed previously, initially, PTTGC intended to take its No.1 cracker off-stream for a maintenance turnaround in end-August 2017. The planned maintenance was to remain in force for around 2 or 3 weeks.

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.

GTC to provide gasoline production complex for ABG

MOSCOW (MRC) --GTC Technology is providing a gasoline production complex project for ABG (Al Barham Group Companies) for the refining and distribution of petroleum products, as per Hydrocarbonprocessing.

The grassroots complex will process 12 Mbpd of straight run naphtha (SRN) and untreated natural gasoline (UNG) blend feed to produce high octane gasoline meeting Euro-V specifications. The plant will be located in the city of Kirkuk, in northern Iraq and is supported by the Iraqi Oil Ministry.

The project consists of three units – a naphtha hydrotreater including a naphtha splitter, a C5/C6 isomerization unit, and a heavy naphtha reforming unit.

The project will be the first to utilize a network of three dividing wall columns (DWCs) in a single gasoline complex. The first application utilizes GT-LPG MAX®, a process developed by GTC using Uniting Wall Column (GT-UWC?) technology which combines adsorption and distillation in the same column to optimize the overall operation and enhance C3+ recovery. The second application of DWC technology is a three-cut naphtha splitter column capable of producing three high purity fractions. The third application is a super deisohexanizer (Super DIH) combining the conventional depentanizer and deisohexanizer columns.

GT-LPG MAX will collect and process LPG-rich streams, both vapor and liquid, from different stabilizers within the complex to produce on-spec LPG product at one central location (also within the complex) – thereby, eliminating duplicate equipment across different units. The unit will utilize GTC’s proprietary tower internals for the three DWCs as well as specialty heat transfer equipment to maximize productivity and minimize plot space.

"We are pleased to work with ABG to provide our full suite of naphtha processing technology and advanced distillation expertise. We are confident that ABG will enjoy the robust, reliable performance of the hydrotreating, isomerization and reforming process designs which are optimized using the latest advanced distillation integrated solutions to maximize the return on investment of the project” said Ilya L. Aranovich, GTC Licensing Manager. “We are excited to extend our track record of providing leading-edge solutions to improve the economics of naphtha processing facilities in the Middle East and around the world."

DowDuPonts Andrew Liveris steps down, names CEO for new Dow

MOSCOW (MRC) -- Longtime Dow Chemical Co. leader Andrew Liveris plans to step down next month, ending a nearly 14-year tenure that culminated with the chemical giant’s combination last year with rival DuPont Co, as per Wsj.

Mr. Liveris will relinquish the role of executive chairman of the combined company April 1, it announced Monday. Co-lead director Jeff Fettig will assume that role at the company, now known as DowDuPont Inc. DWDP -0.72% and soon to be broken apart.

Liveris lieutenant Jim Fitterling will be chief executive of the materials-science company that is expected to be created when the breakup takes place next year.

The Wall Street Journal first reported the news of the executive changes early Monday.

Mr. Liveris, 63 years old, had said he would likely depart this year, but he had delayed the move once already and the advisory board of the materials-science company, to be known as Dow, hadn’t yet named a successor.

Dow’s board and Mr. Liveris had gone through a search process that involved Mr. Fitterling, who is chief operating officer for the materials business, and Howard Ungerleider, DowDuPont’s chief financial officer, according to people familiar with the matter. The candidates, both of whom have spent their entire careers at Dow and held several roles, met with directors and made presentations in recent months, the people said.

Mr. Fitterling, 56, won the job in recent weeks, they said. Mr. Ungerleider, 50, will be named president on top of his CFO role.

In an interview, Mr. Liveris said he decided the timing was right with the stock hitting all-time highs this year and the company completing two projects he bet his legacy on: the combination with DuPont and a gigantic petrochemical plant in Saudi Arabia, the people said. He said he made up his mind while on Christmas holidays with his family in his native Australia, feeling the transformation he had wanted was done.

A 40-year veteran of the company, Mr. Liveris will remain a director on the combined board until July 1.