Sinopec/SABIC Tianjin Petrochemical Company hits target output

(english.peopledaily.com.cn) -- Located in the Dagang District of Tianjin Sinopec/SABIC Tianjin Petrochemical Company largest single ethylene installation in China reached its goal of annually producing 1 million tons of ethylene 38 days ahead of schedule, and will certainly surpass its production plan in 2011.

All the technical and economic indexes of the installation continue to remain at the benchmark levels of the industry. The year of 2011 is the first goal-reaching year of the installation since it successfully passed the test run and was put into service in January 2010.
The cracked-gas compressor, known as the "heart" of the installation, is still in good condition after running for 23 months. The project's newly added water consumption of 3,000 tons per hour completely comes from desalted seawater, demonstrating the installation's circular economy.

Perspectives of development of the polymers markets, pricing issues and other important aspects will be discussed at The Polymers Summit-2011, which will be held in Moscow on November 30, 2011 at the Ritz Carlton Hotel. The Summit is organized by MRC with the support of ICIS. The main idea of the Summit is to find a "the golden mean" between producers and converters. When producers receive exactly such margin of production, which helps them to invest in production expansion in order to substitute polymers imports, and the converters receive such price of feedstock that helps them to compete imported finished products. The Summit site gives an access to the live video of the Summit, speakers" presentations, as well as opportunities to ask questions or make appointments to any Summit partcipant.

MRC

Sinopec/SABIC Tianjin Petrochemical Company hits target output

(english.peopledaily.com.cn) -- Located in the Dagang District of Tianjin Sinopec/SABIC Tianjin Petrochemical Company largest single ethylene installation in China reached its goal of annually producing 1 million tons of ethylene 38 days ahead of schedule, and will certainly surpass its production plan in 2011.

All the technical and economic indexes of the installation continue to remain at the benchmark levels of the industry. The year of 2011 is the first goal-reaching year of the installation since it successfully passed the test run and was put into service in January 2010.
The cracked-gas compressor, known as the "heart" of the installation, is still in good condition after running for 23 months. The project's newly added water consumption of 3,000 tons per hour completely comes from desalted seawater, demonstrating the installation's circular economy.

Perspectives of development of the polymers markets, pricing issues and other important aspects will be discussed at The Polymers Summit-2011, which will be held in Moscow on November 30, 2011 at the Ritz Carlton Hotel. The Summit is organized by MRC with the support of ICIS. The main idea of the Summit is to find a "the golden mean" between producers and converters. When producers receive exactly such margin of production, which helps them to invest in production expansion in order to substitute polymers imports, and the converters receive such price of feedstock that helps them to compete imported finished products. The Summit site gives an access to the live video of the Summit, speakers" presentations, as well as opportunities to ask questions or make appointments to any Summit partcipant.

MRC

Sohar Refinery expansion gains momentum

(main.omanobserver.om) -- Orpic announced yesterday that three additional units will be included in the proposed Sohar Refinery Expansion Project. The new expansion supported by the Government of Oman is expected to improve the Sohar Refinery's product quality and increase output by more than 70 per cent.

Orpic's CEO Musab al Mahruqi said, the latest additions to the Sohar Refinery Expansion Project came to enhance the production of petroleum products for local market and increase the gross margin for the refinery. Also, the addition came in view of the latest improvised operating experiences gained at Orpic.

Al Mahruqi added that Sohar Refinery has recently been operating at high utilisation rates reaching 110 per cent of design capacity. The improvement in utilisation rate has been incremental over the past few years and 2011 marked the highest average utilisation rate for the refinery. 2011 has also marked the second year for the commercial operation of the Aromatics plant in Sohar. The average utilisation rate for the Aromatics plant in 2011 exceeds 90 per cent whereas the feedstock is partially supplied by Sohar Refinery.
The additional units will be added to the current configuration for the Sohar Refinery Expansion Project which includes the following process units: Crude Distillation (CDU), Vacuum Distillation (VDU), Hydrocracker (HCU), Sulphur Recovery Units (SRU), Isomerisation (ISOM), PSA unit for Hydrogen, Sour water strippers, Amine Regeneration Unit along with other treating units together with Utilities and Offsites.

Perspectives of development of the polymers markets, pricing issues and other important aspects will be discussed at The Polymers Summit-2011, which will be held in Moscow on November 30, 2011 at the Ritz Carlton Hotel. The Summit is organized by MRC with the support of ICIS. The main idea of the Summit is to find a "the golden mean" between producers and converters. When producers receive exactly such margin of production, which helps them to invest in production expansion in order to substitute polymers imports, and the converters receive such price of feedstock that helps them to compete imported finished products. The Summit site gives an access to the live video of the Summit, speakers" presentations, as well as opportunities to ask questions or make appointments to any Summit partcipant.

MRC

Titan to participate in The Polymers Summit-2011

(ICIS-MRC) -- General director of Titan Anatoliy Ageev will make a speech in The Polymers Summit-2011 to be held in Moscow on 30 November, 2011, in The Ritz-Carlton Moscow. The Summit is organized by MRC (Market Report Company) and supported by ICIS.

Among others, the Summit participants will discuss the issues of pricing, PET and PVC market conditions, PP surplus, resources saving. The Summit program is formed on the basis of questions to speakers. The reports will be short and the speakers' time will be mainly devoted to negotiations with colleagues.

The Summit site gives a possibility to ask questions to the speakers, invite for a cup of coffee and confirm or postpone a meeting. Registration on a site is free. For now there are 357 registered users of the Summit site - representatives of major Russian and foreign petrochemical companies.

MRC

Gazprom and Beltransgaz settle issue of payments for gas supplied in second half of 2011

(gazprom.com) -- In furtherance of the accords reached on November 25, Gazprom and Beltransgaz signed yesterday an addendum to the contract on the volumes and terms of gas supplies to the Republic of Belarus and gas transit via the Republic between 2007 and 2011.
Pursuant tothe document, Beltransgaz shall partially pay for natural gas supplied by Gazprom in the second half of 2011 at the rate of USD 244.8 per 1,000 cubic meters, instead of the prices for the third and the fourth quarters calculated on the basis of the contract (USD 279.16 and USD 305.72 respectively).
The remaining amount of payment for Russian gas supplied in the second half of 2011 will be settled by Beltransgaz in monthly installments during 2012.

Perspectives of development of the polymers markets, pricing issues and other important aspects will be discussed at The Polymers Summit-2011, which will be held in Moscow on November 30, 2011 at the Ritz Carlton Hotel. The Summit is organized by MRC with the support of ICIS. The main idea of the Summit is to find a "the golden mean" between producers and converters. When producers receive exactly such margin of production, which helps them to invest in production expansion in order to substitute polymers imports, and the converters receive such price of feedstock that helps them to compete imported finished products. The Summit site gives an access to the live video of the Summit, speakers" presentations, as well as opportunities to ask questions or make appointments to any Summit partcipant.

MRC