New giant petrochemical complex to be built in China

(ChinaKnowledge) -- Hubei Yihua Group, the parent of Hubei Yihua Chemical Industry Co Ltd., plans to invest more than RMB 30 billion to build an economic and industrial park in Xinjiang Uygur Autonomous Region from 2011 to 2015, in line with the government's 12th five-year plan.

Jiang Yuanhua, board chairman of Hubei Yihua Group, said that the entire park will have an annual output of 1.2 million kilowatts of electricity, 1.2 million tons of synthesis ammonia, 2 million tons of carbamide, 1.8 million tons of calcium carbide, 1 million tons of caustic soda, 1.2 million tons of polyvinyl chloride or PVC and 2 million tons of blue carbon.

Reportedly, Hubei Yihua Chemical Industry intends to start a 300,000-ton PVC project in Qinghai Province, and the project, which will cost RMB 1.62 billion, will reap estimated operating revenue of RMB 2.29 billion and gross profits of RMB 640 million.

MRC

(GTRK Omsk) -- Homogenizers were installed today at Omsk polypropylene plant. These are capacities for mixing and sorting finished products.

It took a month to install homogenizers with 14 tonne heavy and 26 meters high. All the construction technology and welding was mad by Netherlands representatives. All those homogenizers are going to receive finished PP in granules and carefully mix it to make finish product homogenous. The volume of one capacity forms 600 cubic meters To to taltally fullfill it, the plant should work for 14 hours.

MRC

(INEOS) -- INEOS ChlorVinyls has today announced a price increase of Euro 50 per dry metric tonne, for Quarter Three 2010 caustic soda business, due to reduced margins on the electro-chemical unit and the continuing low stocks position. This will be applied as contracts permit.

MRC

(EmiratesBusiness) -- Borouge, the Abu Dhabi-based petrochemicals giant, will activate the first cracker of its second unit by the end of this month.

The company, a joint venture between Abu Dhabi National Oil Company and Austria's Borealis, will activate units to convert ethylene to polyethylene and polyethylene to polypropylene in a phased manner, and will begin exports from its completed Borouge II unit by November this year.

The company now manufactures about 600,000 tonnes of polyethylene. The new additions will add 800,000 tonnes of polypropylene and 540,000 tonnes of polyethylene manufacturing capacity.

MRCMRC Reference

Borealis. The share in the Russian market in 2008:

polyethylene - 4.1% (including HDPE - 4.7%, LLDPE - 8.7%);
polypropylene - 3.2% (PP-impact - 7.5%).

Annual sales growth in Russia over the last 5 years:
polyethylene - 11%;
polypropylene - 6%.

Leader in polymers processing technologies:
extrusion coating;
cable extrusion;
injection molding.

(plastemart) -- Rising from 60,000 tpa, annual production of high-density polyethylene (HDPE) at Iran's Bandar Imam Khomeini Petrochemical Company will rise to 150,000 tons. 445 billion rials have been spent on implementation of the expansion project.

MRC