MOSCOW (MRC) -- Chinese petrochemicals corporation Jiangsu Sailboat Petrochemicals Co. ltd has signed an agreement with Icelandic technology company Carbon Recycling International - CRI hf., to design a chemical plant based on CRI’s Emissions to Liquids (ETL) technology, according to Hydrocarbonprocessing.
The plant will recycle approximately 150,000 metric tons of CO2 and 20,000 metric tons of H2 per yr from other onsite processes to produce 100,000 tons of methanol annually.
The Jiangsu Sailboat Green Methanol plant will be built in Lianyungang, Jiangsu province on the east coast of China, integrated into their 15 km2 Shenghong petrochemical industrial park.
Methanol is the main raw material used in Jiangsu Sailboat’s existing 2.4 MM metric tons per year production of a wide product range of polymers and plastics. These include products used for making solar panels and plexiglass.
The CRI ETL plant’s direct use of 150,000 metric tons of CO2 annually, will equal the effect of taking 53,000 fossil fueled cars off the roads. Indirect emission savings from avoiding the use of fossil raw materials is even larger, estimated to be as high as 550,000 tons per year. This is equivalent to 37,000 hectares of forest planting area, or 370 square kilometers of land.
The plant will be owned and operated by Jiangsu Sailboat and is expected to begin its operation in 2023. The cost of the project is estimated around USD35 MM (RMB 225 MM).
This project will be the second in China based on CRI’s ETL technology. The first CRI project, the Shunli plant in Anyang, Henan province, is currently in the final stages of construction and expected to be in operation early next year.
As MRC reported earlier, in July 2021, LyondellBasell announced that Jiangsu Sailboat Petrochemical Co. Ltd. will use again LyondellBasell Lupotech T high-pressure polyethylene technology at their facility located in Lianyungang City, Jiangsu Province, P.R. of China. The process technology will be used for a 200 KTA ethylene vinyl acetate copolymer (EVA) and low-density polyethylene (LDPE) line to produce EVA products with vinyl acetate comonomer.
In 2013, Jiangsu Sailboat Petrochemical Co. Ltd. (JSPCL) also selected LyondellBasell’s Lupotech T and Lupotech A process technologies for a new plant scheduled to be built in Lianyungang, China.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,868,160 tonnes in the first nine months of 2021, up by 18% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market were 1,138,510 tonnes in January-September 2021, up by 30% year on year. Supply of propylene homopolymer (homopolymer PP) and block-copolymers of propylene (PP block copolymers) increased, whereas supply of injection moulding statistical copolymers of propylene (PP random copolymers) decreased significantly.