MOSCOW (MRC) -- Sinopec Maoming Petrochemical Corporation, part of Sinopec Corporation, has decided to bring forward the maintenance shutdown at its petrochemical complex in Guangdong by one month, reported CommoPlast with reference to market sources.
The company reschedules the overhaul of the entire complex to the second half of April 2020. Thus, the following plants are going to be shut: high denisty polyethylene (HDPE) plant with a capacity of 350,000 mt/year (for 60 days), low density polyethylene (LDPE) plant with a capacity of 250,000 mt/year (for 60 days) and polypropylene (PP) plants with a combined capacity of 900,000 mt/year (for 40 days).
Maoming Petrochemical is one of the major LDPE suppliers in the local Chinese market.
As MRC wrote before, Sinopec Corp’s Maoming refinery exported low sulfur fuel oil in February for the first time, totaling 21,400 tons. The supplies, of heavy grade and with low sulfur content, went into a bonded storage in south China’s Guangdong province where the 400,000 barrels per day Maoming refinery is based.
We also remind that Sinopec Qilu Petrochemical, another subsidiary of Sinopec, plans to shut the cracker unit in Tianjin in northeast China for scheduled repairs on 15 June, 2020. This cracking unit with a capacity of 900,000 tonnes of ethylene per year and 480,000 tonnes of propylene tons per year will be closed for scheduled repairs until 24 June, 2020.
Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).
According to MRC's ScanPlast report, estimated PE consumption totalled 383,760 tonnes in the first two month of 2020, up by 14% year on year. High density polyethylene (HDPE) and linear low density polyethylene (LLDPE) shipments increased due to the increased capacity utilisation at ZapSibNeftekhim. At the same time, PP shipments to the Russian market were 192,760 tonnes in January-February 2020, down by 6% year on year. Homopolymer PP accounted for the main decrease in imports.
Sinopec corp. is one of the world's largest integrated energy and chemical companies. Business Sinopec Corp. includes oil and gas exploration, production and transportation of oil and gas, oil refining, petrochemical production, production of mineral fertilizers and other chemical products. In terms of refining capacity, Sinopec Corp. ranks second in the world, in terms of ethylene capacity - fourth.
MRC