Hyosung restarts its No. 2 PP plant in Vietnam

Hyosung restarts its No. 2 PP plant in Vietnam

MOSCOW (MRC) -- Hyosung Vina Chemicals Co Ltd restarted its No. 2 polypropylene (PP) line in Southern Vietnam last week, according to CommoPlast with reference to market sources.

This PP line with an annual capacity of 300,000 mtt year was taken offline in mid-December 2021 due to propylene supply disruption.

The No. 2 line was able to resume production after the upstream propane dehydrogenation (PDH) unit restarted on 7 January, 2022. The PDH plant has a production capacity of 600,000 tons/year.

The company already operates No. 1 PP plant in Southern Vietnam with the same production capacity, using external sources of propylene. This plant is reportedly operating at normal rates at the moment. It was shut down on 9 July, 2021, due to an unspecified technical issue and came back on line in July, 2021.

As MRC wrote previoulsy, Hyosung Vina Chemicals Co Ltd started up its new No. 2 PP plant in Southern Vietnam in August 2021. Besides, a new PDH unit was also scheduled for a start-up at the same site that month.

According to MRC's ScanPlast report, PP shipments to the Russian market were 1,363,850 tonnes in January-November, 2021, up by 25% year on year. Supply of homopolymer PP and block-copolymers of propylene (PP block copolymers) increased, whereas supply of injection moulding PP random copolymers decreased significantly.

Hyosung Corporation is a Korean industrial conglomerate, founded in 1957. It operates in various fields, including the chemical industry, industrial machinery, IT, trade, and construction.
MRC

Sumitomo Chemical to expand LCP capacity in Japan

MOSCOW (MRC) -- Sumitomo Chemical is building additional production lines for its liquid crystal polymer (LCP) super engineering plastic at the company's site in Ehime, said the company.

This expansion will increase the group’s production capacity of LCP by around 30%, it said in a statement. The new production lines are scheduled to be completed in the summer of 2023. LCP has been used for a broad range of applications, including electronic components for PCs and smartphones.

Demand for LCP is continuing to grow strongly as the rollout of 5G data communications systems is progressing at scale, while electric vehicles are becoming more popular on the back of accelerated efforts to mitigate environmental impact. To immediately address a recent tightening of the global supply-demand conditions, Sumitomo Chemical has decided to construct new facilities to increase its production capacity for LCP. The Company will consider further capacity expansion as the LCP market is expected to grow rapidly supported by higher-speed, larger-volume data communications and advances in the field of mobility.

Investment and capacity details of the new production lines were not disclosed.

As per MRC, Sumitomo Chemical has successfully conducted the first waste-based polyolefin production at its laboratory in Japan earlier this year, by use of the ethylene produced by Axens ethanol-to-ethylene technology Atol. This process value chain is complemented with the upfront “Waste to Ethanol” technology by Sekisui Chemical.

We remind, Sumitomo Chemical will establish a subsidiary, Sumika Polymer Compounds Poland (SPCP), to build and operate a polypropylene (PP) compounding facility at PoznaA, Poland. The capacity of the planned PP compounding plant will be 30,000 metric tons/year. It is due to commence operations in 2022.

Sumitomo Chemical, a leading Japanese chemical company, was founded with a mission to drive societal impact and solve environmental challenges through technology. They have been exploring new opportunities to achieve carbon neutrality by 2050.
MRC

BP partners with Oman on renewable energy and green hydrogen project

MOSCOW (MRC) -- bp and the Ministry of Energy and Minerals in Oman have signed a Strategic Framework Agreement (SFA) and a Renewables Data Collection Agreement which will support the potential development of a multiple gigawatt, world-class renewable energy and green hydrogen development in Oman, by 2030, as per bp's press release.

As part of the agreement, bp will capture and evaluate solar and wind data from 8,000km2 of land - an area more than five times the size of Greater London. The evaluation will then support the Government of Oman in approving the future developments of renewable energy hubs at suitable locations within this area to take advantage of these resources. The renewable energy resources could also supply renewable power for the development of green hydrogen, targeting both domestic and global export markets.

This partnership represents a significant evolution of bp’s business in Oman and is aligned with bp’s strategy, which includes rapidly growing our developed renewable generating capacity and to take early positions in hydrogen.

bp chief executive Bernard Looney said: “Today’s agreement represents what bp is able to offer as an integrated energy company. These projects will build on our gas business, and bring wind, solar and green hydrogen together in a distinctive and integrated way supporting Oman’s low carbon energy goals.

“And we’re not just investing in energy. We are investing in Oman to create and develop infrastructure, support local supply chains and cultivate the skills and talent needed to usher in this next generation of energy leaders. We look forward to working closely with the Omani government to take this forward.”

Under the SFA, bp and Oman will also consider ways to collaborate in a number of areas, including a renewables strategy, regulation, the establishment of a renewable energy hub and the development and reskilling of the local workforce.

As MRC reported earlier, in October, 2021, BP announced plans for a USD269 million investment in three projects at its Cherry Point Refinery in Washington state, aimed at improving the refinery's efficiency, reducing its carbon dioxide (CO2) emissions and increasing its renewable diesel production capability. The investment is aligned with bp's aims to be net zero across its operations by 2050 or sooner and to reduce the carbon intensity of the products it sells by 50% by 2050 or sooner.

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 2,265,290 tonnes in the first eleven months of 2021, up by 14% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market were 1,363,850 tonnes in January-November, 2021, up by 25% year on year. Supply of homopolymer PP and block-copolymers of propylene (PP block copolymers) increased, whereas supply of injection moulding PP random copolymers decreased significantly.

BP is one of the world's largest oil and gas companies, serving millions of customers every day in around 80 countries, and employing around 85,000 people. BP's business segments are Upstream (oil and gas exploration & production), and Downstream (refining & marketing). Through these activities, BP provides fuel for transportation; energy for heat and light; services for motorists; and petrochemicals products for plastics, textiles and food packaging. It has strong positions in many of the world"s hydrocarbon basins and strong market positions in key economies.
MRC

Lotte Chemical to conduct maintenance at naphtha cracker in Yeosu in Q2 2022

Lotte Chemical to conduct maintenance at naphtha cracker in Yeosu in Q2 2022

MOSCOW (MRC) -- Lotte Chemical, South Korean petrochemical major, plans to take off-stream its naphtha cracker in Yeosu for a scheduled maintenance this year, reported Reuters with reference to industry sources.

The company is expected to put its Yeosu naphtha cracker under scheduled maintenance around May or June, 2022.

Lotte's Yeosu naphtha cracker can produce 1.2 million tonnes per year (tpy) of ethylene.

The sources said the timings have not been finalised as yet.

As MRC informed before, Lotte Chemical shut its naphtha-fed steam cracker in Daesan for an annual maintenance on 15 May, 2021. This cracker with the capacity of 1.1 million mt/year of ethylene and 550,000 mt/year of propylene resumed production on 23 June, 2021.

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 2,265,290 tonnes in the first eleven months of 2021, up by 14% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market were 1,363,850 tonnes in January-November, 2021, up by 25% year on year. Supply of homopolymer PP and block-copolymers of propylene (PP block copolymers) increased, whereas supply of injection moulding PP random copolymers decreased significantly.

Lotte Chemical runs two naphtha crackers in South Korea. One cracker is located in Daesan county in Seosan which can produce 1.1 million tonnes per year of ethylene with the other 1.2 million tonnes per year cracker in the southwestern city of Yeosu.
MRC

Braskem imports propylene to US East Coast

Braskem imports propylene to US East Coast

MOSCOW (MRC) -- Brazil-based petrochemical company Braskem and the Repauno Port and Rail Terminal in Greenwich Township, New Jersey, have announced the import of propylene to the US East Coast, said Packaging-gateway.

A vessel arrived at Repauno’s new multi-use port terminal facility in Gibbstown, New Jersey, in what is said to be the first import of its kind in more than a decade in the region.

The import is part of Braskem’s initiative to increase the availability of feedstock to provide propylene for its polypropylene (PP) manufacturing facility in Marcus Hook, Pennsylvania.

The Marcus Hook facility has an annual production capacity of 415,000t of PP, which is used in the food packaging and medical sectors among others.

Braskem America Polypropylene vice-president Alexandre Elias said: “Our new partnership with Repauno provides Braskem with increased flexibility and optionality to import propylene particularly when international prices are competitive. "Additionally, it provides the flexibility to import in the event of supply disruptions to the asset.

We remind that Brazilian petrochemical producer Braskem's 450,000 mt/year PP plant in LaPorte, Texas, along the Houston Ship Channel completed its initial commercial production, as per the company's statement as of Sept. 10. "The launch of commercial production at our new world-class PP production line in La Porte clearly affirms Braskem's position as the North American polypropylene market leader," Braskem America CEO Mark Nikolich said in a statement. With a USD750 million investment, the new PP plant's construction started in October 2017 and was completed in June, 2020.

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 PP shipments to the Russian market were 1,363,850 tonnes in January-November, 2021, up by 25% year on year. Supply of homopolymer PP and block-copolymers of propylene (PP block copolymers) increased, whereas supply of injection moulding PP random copolymers decreased significantly.

Braskem S.A. produces petrochemicals and generates electricity. The Company produces ethylene, propylene, benzene, toluene, xylenes, butadiene, butene, isoprene, dicyclopentediene, MTBE, caprolactam, ammonium sulfate, cyclohexene, polyethylene theraphtalat, polyethylene, and polyvinyl chloride (PVC).
MRC