It’s been an interesting few weeks leading up to the end of 2013 for the petrochemical industry. This article examines the key factors affecting decision making across the globe.
Following a fire that broke out at the REPAR refinery earlier this month, there has been an announcement that the facility should be back online in the next few days. The plant is owned by Petrobras and is responsible for providing approximately 10% of the country’s refining capacity.
Between 2014 and 2018, NOVA Chemicals is planning to increase ethylene production at is Corunna, Ontario cracker. The company wants to increase output by 20%, following the completion of revamp works next year to convert to cracker to process NGL feedstock.
The Transportation Departments in Idaho and Montana are working with Mammoet USA South on transporting refinery equipment to the Great Falls refinery in Canada. The 1.6 million lbs of equipment is part of a US$ 400 million expansion at the Calumet Montana Refining owned facility.
It has been reported that petrochemical companies in Northwest Europe are continuing to use naphtha feedstocks over propane. This is mainly due to a price disparity between the two products. Propane is now too expensive to crack when compared to naphtha.
The Gulf Cooperation Council’s (GCC) petrochemicals industry has taken positive steps over the last two years towards environmental sustainability. The above is according to the Gulf Petrochemicals and Chemicals Association (GPCA). The GCC has this year not only added processing capacity to its petrochemical industry but reduced greenhouse gas emissions.
The Federation of Thai Industries’ Refinery Club have announced the country’s refining figures for 2013. Thai refineries averaged at 849 000 bpd this year with a total value of Bt 1.4 trillion. Refineries in the country utilised on average 86% capacity.
A large scale product for the expansion and modernisation of the commodity and raw materials base of the Turkmenbashi oil refinery complex (TCOR) is currently underway. The plans include the construction f 12 storage tanks with a capacity of 90 000 m3. Six tanks will be located at the Turkmenbashi refinery, five at the Kenar tank storage farm and one at the Seidi refinery.
BP has started up a new coker at the Whiting Refinery. This marks the final milestone in the US$ 4.2 billion upgrade project that has been carried out at the plant. The new coker has a processing capacity of 102 000 bpd and will allow the plant to process a higher volume of Canadian heavy crude oil.
By Claira Lloyd of Energy Global
The full article is visible via the link below – Pankaj Oswal