Lummus launches upgraded Helixchanger technology

Lummus launches upgraded Helixchanger technology

MRC -- Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced the launch of its latest heat exchanger technology, the Helixchanger 2.0 system, said Hydrocarbonprocessing.

The update improves upon the original system which has more than 20 years of service and 7,000 installations worldwide.

"The industry standard is the Helixchanger system, and we are raising the bar even higher in terms of performance and reliability," said Rutger Theunissen, Chief Business Officer of Services and Supplies for Lummus Technology. "Our clients' sophistication around energy use and efficiency has led us to develop an improved design that will save them operational costs on several fronts."

To preview this technology's lower life-cycle cost and benefits, Lummus will participate in a live webcast hosted by Hydrocarbon Processing on Tuesday, November 7, 10:00 a.m. to 11:00 a.m. CST. You can attend the webcast by registering here.

Helixchanger 2.0 technology improvements include enhanced throughput and reduced pressure drop while continuing to mitigate shell side fouling and eliminate vibrations from the original design. These operational efficiencies translate into extended run lengths and reduced cleaning and utility costs.

The first-generation Helixchanger® heat exchanger incorporates industry-proven quadrant shaped baffle plates that create a shell-side helical flow pattern. This configuration provides operational and capital benefits such as, among others, extending the operating period between cleaning campaigns of crude preheat exchangers, reducing capital costs in a petrochemical plant and improving energy-efficiency of feed/effluent towers.

We remind, Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced Haldia Petrochemicals Ltd. will license its olefins conversion technology and the Lummus/Versalis cumene and phenol technologies for a new plant in West Bengal, India.

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SCG Chemicals to test run its Vietnam petrochemical complex in November and December

SCG Chemicals to test run its Vietnam petrochemical complex in November and December

MRC -- Long Son Petrochemicals, a unit of Thailand's SCG Chemicals, will test run its new petrochemical complex in southern Vietnam in November and December, said Hydrocarbonprocessing.

Full commercial production at the facility will begin early next year, the company said in a statement. The $5-B facility in Ba Ria Vung Tau province will produce 1.4 million metric tons of plastic resins a year, the company had earlier said, adding that its raw materials, naphtha and propane, will be imported mostly from the Middle East.

The head of Thai conglomerate Siam Cement Group, the parent of SCG Chemicals, said in June the complex would start commercial production by September. "A typical commissioning and test run process for a large complex takes a couple of months, this is to ensure safety and fine-tune machine conditions," the latest statement said.

Its annual output will include 500,000 tons of high density polyethylene, 500,000 tons of linear low density polyethylene and 400,000 tons of polypropylene.

We remind, W. R. Grace & Co, the leading independent supplier of polyolefin catalyst technology and polypropylene process technology, today announced that Oriental Energy Co. Ltd. has started up a new plant with Grace’s UNIPOL PP Process Technology. Located in Maoming, China, the new 400 Kpy reactor line began producing high-quality homopolymers and random copolymers on September 15, 2023.

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PetroChina posts record USD6.3 bln quarterly income on higher output, fuel sales

PetroChina posts record USD6.3 bln quarterly income on higher output, fuel sales

MRC -- PetroChina, the largest oil and gas company in Asia, announced on Monday a 21% year-on-year increase in net profit for the third quarter of 2023, said Reuters.

The company’s net profit reached a record high of 46.38 billion yuan ($6.3 billion), driven by increased production and improving domestic fuel demand. While PetroChina’s net profit soared, its revenue fell by 4.6% to 802 billion yuan. This decline can be attributed to lower realized oil and gas prices.

PetroChina’s crude oil output between January and September rose by 4.3% compared to the previous year, reaching 706 million barrels. This growth includes a significant increase of 22% in overseas production, totaling 122 million barrels. Additionally, natural gas output increased by 6.1% to 3,656.6 billion cubic feet.

“The company seized the opportune timing of recovery in Chinese macro economy and rebounds in oil and gas markets,” PetroChina said. Despite its strong performance, PetroChina faced challenges in oil and gas prices. The company reported a realized oil price of $75.30 per barrel during the nine-month period, representing a 21% decrease compared to the previous year, as global oil prices fell following a spike prompted by Russia’s invasion of Ukraine.

Domestic gas prices also fell by 4.8% to $8.81 per thousand cubic feet. PetroChina’s refining capacity has also seen growth where crude oil processing at the company’s refineries increased by 16.5% in the first nine months of the year, reaching 1,044 million barrels or 3.82 million barrels per day.

This increase is in line with other national refiners that have ramped up production to meet recovering domestic fuel demand as well as cashing in on the lucrative export business. The company’s total sales of gasoline, diesel, and jet kerosene rose by 13.4% compared to the previous year, reaching 125.6 million tons. Domestic sales accounted for 93 million tons, representing a 17% year-on-year growth.

We remind, Petrochina Guangxi has entered into a license agreement with Grace to use its Unipol PP technology for its new 400 kilotons per annum single reactor line in China. With this move, Petrochina Guangxi aims to deliver higher value PP products to the local market. Grace has announced the signing of a new license with Petrochina Guangxi to develop a 400-kilotons per annum single reactor line using its Unipol PP technology.

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Grace expands operating UNIPOL PP technology capacity in China with Oriental Energy

Grace expands operating UNIPOL PP technology capacity in China with Oriental Energy

MRC -- W. R. Grace & Co, the leading independent supplier of polyolefin catalyst technology and polypropylene process technology, announced that Oriental Energy Co. Ltd. has started up a new plant with Grace’s UNIPOL PP Process Technology, as per Hydrocarbonprocessing.

Located in Maoming, China, the new 400 Kpy reactor line began producing high-quality homopolymers and random copolymers on September 15, 2023.

Oriental Energy now operates four sites utilizing the UNIPOL PP technology offering 1.6 million tons of PP licensed capacity: 400 KTA at Zhangjiagang (which started up in 2015); two 400 KTA reactor lines in Ningbo (which started up in 2021); and the new plant in Maoming. Oriental Energy currently holds the largest total UNIPOL PP process technology capacity in operation in China.

Sandra Wisniewski, President of Specialty Catalysts at W. R. Grace, said, "The collaboration with Oriental Energy towards the successful start-up in Maoming marks another milestone in our partnership. Our advanced PP process technology delivers on our Plant Lifetime Performance™ commitment, as evidenced by the longstanding relationship between our two companies.”

Echoing the sentiment, Mr. Sun Canqian, General Manager at Oriental Energy (Maoming) Co. Ltd., added, "We appreciate the joint effort the Oriental Energy and Grace teams provided to ensure a successful start-up, demonstrating a catalysis reaction that occurred within 10 minutes of injection. This new UNIPOL PP technology line aligns with our commitment to providing quality polypropylene products in China."

Oriental Energy selected UNIPOL polypropylene process technology because of its reliable production capabilities, cutting-edge PP technology, proven catalyst performance, and technical service. The process technology enables the production of high-performance polypropylene resins used for a variety of applications, such as automotive parts, packaging, consumer goods and infrastructure materials.

We remind, Long Son Petrochemicals, a unit of Thailand's SCG Chemicals, will test run its new petrochemical complex in southern Vietnam in November and December, the company said on Wednesday. Full commercial production at the facility will begin early next year, the company said in a statement. The $5-B facility in Ba Ria Vung Tau province will produce 1.4 million metric tons of plastic resins a year, the company had earlier said, adding that its raw materials, naphtha and propane, will be imported mostly from the Middle East.

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Clariant Q3 EBITDA down 28% on falling price and volume

Clariant Q3 EBITDA down 28% on falling price and volume

MRC -- Clariant posted a 28% decrease on earnings before interest, tax, depreciation and amortisation (EBITDA) in the third quarter amid lower prices and volumes, the company said.

Clariant expects to see an easing inflationary environment, but no economic recovery in the final three months of 2023, with macroeconomic uncertainties and risks remaining.

Despite that, Clariant confirms its sales guidance for the full year 2023 of Swfr4.55bn–4.65bn, it said.

Also, it keeps its reported EBITDA guidance for full year 2023 at Swfr650m-700m, and 14.3%–15.1% reported EBITDA margin.

We remind, Clariant's second-quarter earnings fell as margins dropped amid lower volumes and continued customer destocking. Q2 earnings before interest, tax, depreciation and amortisation (EBITDA) margin fell to 16.1% from 16.6% in the same period a year earlier. Inventory devaluation resulting from lower raw material prices (-12%) in the second quarter weighed on profitability as well. The full year 2023 reported EBITDA is expected between Swfr650m-700m with reported EBITDA margin at 14.3%–15.1%.

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