MRC) -- Negotiators from Chevron Corp and the United Steelworkers union (USW) are scheduled to meet to discuss a possible end to a strike at the company’s oil refinery in Richmond, California, reported Reuters with reference to spokes people from both sides.
The talks will be the first face-to-face meeting in nearly two weeks between Chevron and USW Local 12-5. Some 500 workers at the 245,271 bpd refinery formally began the strike on March 21 after the two sides failed to reach agreement on a new labor contract.
As MRC reported earlier, Chevron plans to begin an overhaul of the crude distillation unit (CDU) at its 245,271-bpd Richmond, California, refinery in mid-April, 2022. Chevron spokesman Tyler Kruzich declined to comment on day-to-day operations. Chevron will shut the 240,000-bpd CDU for the overhaul. The CDU breaks down crude oil into hydrocarbon feedstocks for all other units at the refinery.
We remind that Chevron Phillips Chemical, a joint venture of Phillips 66 and Chevron, will make a final investment decision on a new cracker in far southeast Texas in 2022, followed by an FID in 2023 on an USD8 billion joint venture petrochemical complex along the US Gulf Coast in 2023.
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 2,487,450 tonnes in 2021, up by 13% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market totalled 1,494.280 tonnes, up by 21% year on year. Deliveries of homopolymer PP and PP block copolymers increased, whreas.shipments of PP random copolymers decreased significantly.
Headquartered in San Ramon, California, Chevron Corporation is the the second-largest integrated energy company in the United States and among the largest corporations in the world. Chevron is involved in upstream activities including exploration and production, downstream activities including refining, marketing and transportation, and advanced energy technology. Chevron is also invested in power generation and gasification processes.
MRC