MOSCOW (MRC) -- Huizhou QuanMei Petrochemical Terminal Co. has awarded a contract to Vopak for storage and services of a liquid products terminal that would be constructed and operated as part of ExxonMobil?s proposed Huizhou chemical complex project in China, according to Apic-online.
The complex, to be located in Daya Bay Petrochemical Park, will include a 1.6-million-t/y flexible feed ethylene steam cracker, two performance polyethylene (PE) lines and two differentiated performance polypropylene (PP) lines.
The project was earlier scheduled to start up in 2023.
The new 560,000 cu m terminal would serve the steam cracker, and would include pipelines to connect a jetty to the chemical complex, which is still subject to a final investment decision.
Under Vopak?s contract, it would obtain a 30% ownership interest in the terminal and pipelines.
As MRC informed previously, in June 2021, Gov. John Bel Edwards and ExxonMobil Baton Rouge Refinery Manager David Oldreive announced the company’s final investment decision for more than USD240 million in capital improvements at the ExxonMobil Baton Rouge Refinery.
Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 744,130 tonnes in the first four month of 2021, up by 4% year on year. Shipments of all PE grades increased. At the same time, PP deliveries to the Russian market were 523,900 tonnes in January-April 2021, up by 55% year on year. Supply of homopolymer PP and PP block copolymers increased, whereas shipments of PP random copolymers decreased.
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