Jizzakh Petroleum (Tashkent, Uzbekistan) has signed six technology license agreements for its planned $2.7-billion methanol-to-olefins (MTO) complex at Karakul in southwest Uzbekistan.
Röhm (Darmstadt, Germany) says the methacrylates market is facing “a global shortage of several petrochemical raw materials” as a result of global business and service disruptions, which could lead to extended product lead and delivery times.
OMV (Vienna, Austria) has announced plans to split and expand its integrated refining and petrochemicals business into two new divisions. A new chemicals and materials division will be established that will include OMV’s existing petchems business, while a new refining division will also be created. The changes will take effect as of 1 April 2021, it says.
Honeywell says that Shandong Yulong Petrochemical has selected platforming and aromatics technologies from Honeywell UOP, a Honeywell subsidiary, for Shandong Yulong’s planned petrochemical complex at Longkou, Shandong Province, China. Honeywell UOP will provide a range of technology licenses, engineering design, key equipment, and catalysts and adsorbents, as well as operator training and technical services for start-up and continuing operations.
Proman, Shell, Suncor, the Government of Québec, and Enerkem have completed an investment agreement that will allow Varennes Carbon Recycling, a waste-to-biofuels project in Varennes, Québec, to proceed. Proman, which announced the news, says the agreement entitles it to market methanol from the plant, which will have capacity to produce 100,000 metric tons/year of methanol from non-recyclable waste using technology developed by Enerkem.
Petrochemical producers in Asia plan to cut the use of liquefied petroleum gas (LPG) as feedstock for a seventh straight month in March 2021 to at least a 13-month low, with one steam cracker also scheduled to close for an expansion program. Some producers, however, are set to raise butane cracking levels, with one to use the gas for the first time ever due to lower prices, according to an OPIS survey.
Liquefied petroleum gas (LPG) trade in northwest Europe moved down marginally in January 2021 to an estimated 690,000 metric tons from 715,000 metric tons in December 2020, according to OPIS records.
Air Liquide and Siemens Energy have agreed to collaborate on the development of industrial-scale hydrogen projects and to lay the groundwork for mass manufacturing of electrolyzers, mainly in Germany and France.
Power generation company Uniper (Düsseldorf, Germany) and the Port of Rotterdam Authority say they are studying the potential construction of a large-scale green hydrogen production plant at Uniper’s existing site in the Maasvlakte area of Rotterdam, Netherlands.
Europe's benzene contract price for February has fallen 13% from the previous month, sliding to $728/metric ton on the back of increased supply, following a flood of imports from around the world, according to market sources and IHS Markit. The price was $837/metric ton in January, after supplies tightened at the end of December following production issues, strong demand, and a continued reduction in refinery operating rates across the region.
State-owned investment group Mubadala Investment Co. (Abu Dhabi), Abu Dhabi National Oil Co. (Adnoc), and ADQ (Abu Dhabi) have announced plans to establish an alliance for the development of blue and green hydrogen opportunities in emerging international markets, as well as working together to build a green hydrogen economy in the United Arab Emirates (UAE).
Ineos says it is rescheduling its €5-billion ($6 billion) olefins project at Antwerp, Belgium, and will build the planned complex’s ethane cracker before its propane dehydrogenation (PDH) plant. When it announced the project in January 2019, Ineos said the PDH unit and cracker would be built at the same time with the PDH facility due onstream a year ahead of the cracker.
Naphtha demand in Asia is expected to strengthen in March as steam crackers restart from planned and unscheduled shutdowns, with only a small number of plants due to be offline for planned maintenance, according to market participants.
Linde says it will build, own, and operate the world’s largest proton exchange membrane electrolyzer plant for the production of green hydrogen at the Leuna, Germany, chemical complex.
Northwest European liquefied petroleum gas (LPG) trade in December rose marginally month on month to an estimated 715,000 metric tons, up from 675,000 metric tons in November, according to OPIS records.
BASF says it will close its idled hexamethylenediamine (HMD) plant at Seal Sands, UK, this year. The facility, owned by BASF, is located on a site owned by Ineos, which has been operating the plant on behalf of BASF.
Shell has agreed to take a 40% stake in a proposed waste–to–renewable chemicals and biofuels plant in Varennes, Québec, Canada, after signing commercial agreements to invest in the project.
Methanex (Vancouver, British Columbia, Canada) says that its 875,000-metric tons/year Titan methanol facility at Couva, Trinidad, “will remain idled indefinitely” and, as a result, the company has decided to restructure its operations there to support a “one-plant operation.”
Saudi Kayan Petrochemical, a Sabic affiliate, says that Saudi Arabia’s energy ministry has approved a request by the company to increase its allocation of ethane feedstock by up to 30 million cubic feet/day (MMcf/d) from future gas production projects.
L&T Hydrocarbon Engineering (LTHE; Mumbai, India), a wholly-owned subsidiary of Larsen & Toubro, says it has been awarded two engineering, procurement, construction, and commissioning (EPCC) contracts with a total value of up to 120 billion Indian rupees ($1.6 billion) by HPCL Rajasthan Refinery Ltd. (HRRL) for a steam cracker and fluid catalytic cracker (FCC) at Pachpadra in the Barmer district of Rajasthan State, India.
Ineos has completed the $5-billion acquisition of BP’s worldwide aromatics and acetyls businesses, comprising 15 manufacturing sites and 10 joint ventures (JVs).
Plans for an integrated propane dehydrogenation (PDH) and polypropylene (PP) plant in Alberta, Canada, have been “suspended indefinitely,” according to Pembina Pipeline (Calgary).
BASF has completed the first phase of its methylene di-para-phenylene diisocyanate (MDI) expansion project in Geismar, Louisiana, starting up a new synthesis unit and shutting down an older unit.
Lummus Technology and Chevron Lummus Global (CLG) have been awarded multiple technology license and engineering contracts by PT Pertamina Rosneft Pengolahan dan Petrokimia (PRPP), a joint venture (JV) between Pertamina (Jakarta, Indonesia) and Rosneft Oil Co. (Moscow, Russia), for a grassroots refinery and petrochemical complex being built in Tuban, Indonesia. No value for the contracts has been disclosed.
Ethylene prices reached annual highs in early December, and they continue to rise across all three major storage hubs in the US.
Sumitomo Chemical has agreed to license Axens’ ethanol-to-ethylene technology for a waste-to-polyolefins circular economy project being developed by Sumitomo in Japan.
Seqens (Ecully, France) has confirmed details of its previously announced isopropyl alcohol (IPA) expansion at Roussillon, France. The company says it will build an additional unit with capacity for 45,000 metric tons/year of IPA that is scheduled to be onstream early in 2022.
OQ Chemicals (Monheim am Rhein, Germany) says it will increase prices for several of its oxo intermediates products in the Americas, Europe, and “other regions” as of 1 January 2021 due to strong demand and rising raw material costs.
ExxonMobil is planning to shut its aromatics unit in Rotterdam-Botlek, Netherlands, for six weeks of maintenance between March and April next year, according to market sources. This work is part of a larger turnaround program at ExxonMobil's interconnected 191,000-b/d Botlek refinery and Rotterdam aromatics plant beginning in the first quarter, OPIS reported in October.
Ineos Oxide, an Ineos subsidiary, has declared force majeure on supplies of ethylene oxide (EO) from its 280,000-metric tons/year plant in Cologne, Germany, sources told OPIS Thursday. "We heard about the Ineos ethylene oxide force majeure earlier in the week," a market source said.
Ineos Styrolution, the styrenics subsidiary of Ineos, and waste management company Indaver (Mechelen, Belgium) say they will collaborate as technology partners in a project to produce acrylonitrile-butadiene-styrene (ABS) from recycled feedstock.
Enel Green Power (EGP), the renewable energy subsidiary of Italy’s Enel Group, and Maire Tecnimont (Rome, Italy) have agreed to work together on the development and construction of a green hydrogen production plant in the US. A specific location has not been given.
BASF has declared force majeure on the supply of n-butanol and n-butyl acrylate after hitting unspecified technical problems at its n-butanol production plant in Ludwigshafen, Germany.
Enerkem (Montreal, Quebec, Canada) has announced plans to build an 875-million Canadian dollar ($684 million) waste-to-methanol and biofuels plant at Varennes, Quebec, in partnership with Shell, Suncor, and Proman.
Haldor Topsoe (Ravnholm, Denmark) and renewable energy developer Skovgaard Invest (Lemvig) say they will build a 5,000-metric tons/year green ammonia plant in Western Jutland, Denmark. No investment figure has been given.
Petrochemical makers in Asia plan to cut liquefied petroleum gas (LPG) usage as feedstock for a fifth consecutive month in January 2021 to the lowest level in 11 months on firmer gas prices due to increased winter heating fuel demand and steam cracker outages, according to an OPIS poll.
Mitsubishi Chemical says it has acquired a greenfield property at a large integrated site at Geismar, Louisiana, and plans to advance a feasibility study for the design and construction of a 350,000-metric tons/year methyl methacrylate (MMA) plant there.
Braskem and Encina Development Group (Encina; The Woodlands, Texas) have agreed to develop a long-term relationship aimed at establishing a supply of circular propylene feedstock from Encina’s planned new post-consumer plastics recycling plant in the US.
Sinochem Quanzhou Petrochemical Co., a Sinochem Group subsidiary, has started up its 1-million metric tons/year (MMt/y) ethylene plant at Quanzhou, Fujian Province, China, which uses KBR technology.
Sinopec’s board has approved plans to build a 1.2-million metric tons/year (MMt/y) ethylene plant and downstream units in the Nangang area of the port of Tianjin, China, according to an announcement posted on 4 December. Sinopec estimates the cost of the project at 28.8 billion renminbi ($4.4 billion).
Advanced Petrochemical Co. (Jubail, Saudi Arabia) says construction of an 843,000-metric tons/year propane dehydrogenation (PDH) plant and an associated 800,000-metric tons/year polypropylene (PP) unit at Jubail will start in 2021 after the approval of a 3.0-billion Saudi riyal ($800 million) loan from the Saudi Industrial Development Fund (SIDF).
Eni and electricity utility Enel say they will develop two green hydrogen pilot schemes aimed at supplying two Eni refineries in Italy.
Cargill, IFP Energies Nouvelles (Ifpen), and Axens have teamed up to develop and potentially scale up commercial production of biobased acrylic acid using lactic-to-acrylic-acid technology licensed exclusively to Cargill from Procter & Gamble (P&G) earlier this year.
Sibur (Moscow, Russia) says it has ramped up its ZapSibNeftekhim (ZapSib) complex at Tobolsk in western Siberia to full nameplate capacity ahead of schedule.
LyondellBasell and Sasol have closed a previously announced $2-billion transaction to form their Louisiana Integrated Polyethylene joint venture (JV) at Lake Charles.
Johnson Matthey (London, UK) has been awarded a contract by Ningxia Baofeng Energy Group (Yinchuan, China) to develop five of the largest single-train methanol plants in the world at Baofeng’s methanol-to-olefins complex at Ordos, Inner Mongolia, China. No financial value for the contract has been disclosed.
Samsung Engineering will proceed with construction of a 5,000-metric tons/day methanol plant at Bintulu, Sarawak, Malaysia, after being awarded a $1.07-billion contract by Sarawak Petchem.