GTM ONE selected Haldor Topsoe technology for methanol plant

MOSCOW (MRC) -- Haldor Topsoe, Mitsubishi Heavy Industries Engineering, and GTM ONE have signed a licence agreement for the design, construction, and operation of a 3000 tpd methanol plant based on Topsoe’s SynCOR MethanolTM technology. The plant will be erected at the Khimprom site in Volgograd, Russia.

Topsoe will provide the licence, basic engineering, catalysts and proprietary hardware for methanol production. In the first stage, Topsoe will provide basic engineering for the process unit, and MHI Engineering will develop the front end engineering design (FEED) package for the site. At a later stage, the parties expect to sign an EPC contract. Construction is slated to begin in the second half of 2020.

“All technology customers are looking for well-proven and advanced technologies, high performance and low environmental impacts, high energy efficiency, and low CAPEX. In most cases, customers face a difficult choice of how to reach a compromise between these interests. We have selected Topsoe as the Topsoe SynCOR Methanol process is the ultimate uncompromised choice. We have found everything we need,” commented Osipov Alexander, Technical Director, GTM ONE.

“We are very pleased to offer a solution that not only helps our customers comply with environmental regulations, but also stands out as the most cost-effective in large-scale methanol production. We see increasing demand for this technology both in Russia and in other markets. We are also very content to continue our well-established cooperation with Mitsubishi Heavy Industries Engineering in Russia,” said Peter Vang Christensen, Managing Director of Haldor Topsoe's Moscow office.

SynCORTM solutions are industrially proven to deliver exceptional cost-efficiency, high availability, and low environmental impact in large-scale single train methanol production.
MRC

MOSCOW (MRC) -- QPSPP, Qatar Petroleum’s marketing arm, has executed a 5-year agreement to supply 6 million bbl of low-sulfur condensate to ExxonMobil Asia Pacific’s integrated manufacturing complex in Singapore, according to OGJ.

Qatar Petroleum for the Sale of Petroleum Products Co. (QPSPP), the marketing arm of Qatar Petroleum, has executed a 5-year agreement to supply 6 million bbl of low-sulfur condensate to ExxonMobil Asia Pacific Pte. Ltd.’s integrated manufacturing complex in Singapore, which has a crude oil processing capacity of 592,000 b/d and includes two steam crackers.

The 5-year sales agreement, which began in July, is the first condensate long-term sale to an end-user in Singapore, highlighting QPSPP’s push for more direct sales with established end users, QPSPP said.

Further details regarding the deal were not disclosed.

The long-term sales agreement follows a series of recently completed refining and upcoming petrochemical projects at ExxonMobil’s Singapore integrated manufacturing complex, the company’s largest.

As MRC informed before, in October 2017, ExxonMobil Chemical Company commenced production on the first of two new 650,000 tons-per-year high-performance polyethylene (PE) lines at its plastics plant in Mont Belvieu, Texas. The full project, part of the company’s multi-billion dollar expansion project in the Baytown area and ExxonMobil’s broader Growing the Gulf expansion initiative, will increase the plant’s polyethylene capacity by approximately 1.3 million tons per year.

ExxonMobil is the largest non-government owned company in the energy industry and produces about 3% of the world's oil and about 2% of the world's energy.
MRC

MOSCOW (MRC) -- PetroChina Co , Asia’s largest oil and gas producer, said on Thursday first half 2019 net profit rose 3.6% from a year earlier, driven up by increasing crude oil and natural gas sales, said Reuters.

For the first six months of 2019, the company earned 28.42 billion yuan ($4.01 billion), up from 27.44 trillion for the same period last year, PetroChina said in a filing to the Hong Kong stock exchange. Total revenue for the state-backed company was 1.12 trillion yuan, up 6.8% from the same period in 2018.

Profit for the April to June quarter was 18.17 billion yuan, the highest since the third quarter last year, according to calculations by Reuters based on the earnings filing. That compares with 16.94 billion yuan in the same period a year earlier and 10.25 billion yuan in the first quarter of this year.

Over the first six months of 2019, PetroChina produced a total of 451.9 million barrels, or 2.5 million barrels per day, up 3.2% from the same period in 2018. While natural gas output increased 9.7% to 1.96 trillion cubic feet, or 55.5 billion cubic metres.

It also reported a 3.1% increase in crude oil throughput at its refineries to 597.4 million barrels, or 3.3 million barrels per day.

With Beijing’s push to boost domestic energy production, PetroChina invested 12.27 billion yuan in upstream exploration in the first half of 2019, 14% more compared to the same period last year.

Chinese energy companies have said they plan to raise spending on domestic drilling this year to the highest since 2016 to safeguard the country’s energy security.

PetroChina earlier this month started to drill its first shale oil well in China’s southwestern province of Sichuan and vowed to double natural gas output in the region to 50 billion cubic metres by 2025.
MRC

MOSCOW (MRC) -- Indian Oil Corp sold a naphtha cargo, bringing its total August exports to 97,000 tons, the highest monthly volume from the port of Chennai since 2015, reported Reuters with reference to three industry sources.

IOC sold the 35,000-tonne naphtha cargo for Aug. 28-30 loading from Chennai to commodity trader Trafigura at a premium of about USD17 a tonne to its own price formula on a free-on-board (FOB) basis after extending the validity of the sales tender by a day, the sources said.

It was unclear why IOC’s August exports were higher than its average monthly volume for the first seven months of this year at 55,000 tons.

But of the three cargoes it sold for August, one cargo at 27,000 tons sold to Litasco at a premium of USD2 for Aug. 3-5 lifting was not within the usual specifications, the sources said.

The other cargo sold for Aug. 16-18 went to BP at a premium of about USD13 a tonne, one of the sources said.

Companies do not typically comment on such deals.

As MRC wrote before, Indian Oil Corporation's Rs 34,555-crore 15 million tonnes per annum Paradip Refinery was commissioned in phases from March 2015 onwards. Indian Oil Corporation was conducting feasibility studies to set up a petrochemical complex at Paradip in Odisha for Rs 20,000 crore. The petrochemical complex will be built in the vicinity of the company’s to-be-commissioned 15-mln tpa greenfield refinery at Paradip. The petrochemical complex will be in addition to the already announced Rs 3,150-crore polypropylene project at the same location, the foundation stone for which was laid by MOS for petroleum and natural gas.

Indian Oil Corporation Limited, or IndianOil, is an Indian state-owned oil and gas corporation with its headquarters in New Delhi, India.
MRC

MOSCOW (MRC) -- JSC EuroChem Northwest, a division of EuroChem Group, has commissioned its 2,890-tonne/day ammonia plant in Kingisepp, Russia, said Ogj.

The ammonia plant—Europe’s largest single-train production site—produces 1 million-tonnes/year of ammonia using KBR Inc.’s proprietary Purifier ammonia technology, KBR said.

Alongside technology licensing, KBR said it also provided basic engineering design for the $1-billion project, as well as various digital solutions including its proprietary remote-operations monitoring and expert-advisory service Ammonia InSite, a virtual 3D graphics-embedded operator training simulator and e-learning system, and a reliability-based maintenance system.

EuroChem Northwest said it also let earlier contracts to Maire Tecnimont SPA subsidiaries Tecnimont SPA and Tecnimont Russia OOO to provide engineering, procurement, and construction of the ammonia plant, which—built on a brownfield site—features a closed-water recycling system to prevent effluent discharges into the nearby Luga River that flows into the Baltic Sea in the Gulf of Finland, according to the operator’s web site.
MRC