MOSCOW (MRC) -- Japan's largest refiner JXTG Nippon Oil & Energy has decided to terminate its refining operations at the 115,000 b/d Osaka refinery in western Japan and turn the facility into an asphalt-fueled power plant in October 2020, reported S&P Global with reference to the company's statement.
As MRC informed earlier, JXTG Nippon Oil & Energy bbrought on-stream, its fluid catalytic cracker (FCC) unit in Japan in early-August, 2019. The unit was shut for maintenance, on June 10, 2019. Located at Sendai, Japan, the FCC unit has a propylene capacity of 100,000 mt/year.
Propylene is a feedstock for production of polypropylene (PP).
According to MRC's ScanPlast report, the estimated PP consumption in the Russian market was 1,260,400 tonnes in January-December 2019, up by 4% year on year. Supply of almost all grades of propylene polymers increased, except for statistical copolymers of propylene (PP random copolymers).
The Nippon Oil Corporation, or NOC or Shin-Nisseki is a Japanese petroleum company. Its businesses include the exploration, importation, and refining of crude oil; the manufacture and sale of petroleum products, including olefines (ethylene, propylene) and aromatics.
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