(plastemart) -- Qatar Petroleum plans to finance projects to the tune of USD10-13 bln in 2014, as reported by Bloomberg.
The projects are likely to include two petrochemical plants and an aromatics complex.
Qatar Petroleum plans to spend as much as USD25 billion over the next five years on projects, including a planned USD6.4 bln petrochemical plant in partnership with Royal Dutch Shell Plc (RDSA) and a USD5.5 bln plant in partnership with Qatar Petrochemical Co, a unit of Industries Qatar.
Qatar Petroleum is a state owned petroleum company in Qatar.
The Qatar Petrochemical Company produces ethylene, low density polyethylene, and sulfur. Its facilities consist of an ethylene plant producing 525,000 tonnes per annum (tpa), two low density polyethylene (LDPE) plants with 360,000 tpa and a sulphur plant with 70,000 tpa.
MRC
MOSCOW (MRC) – In August, Russian makers reduced PVC output by 15% from July to 40,700 tonnes. The year-to-date total PVC production in Russia made about 410,000 tonnes, report MRC analysts.
Russian producers expectedly slashed PVC production in August on scheduled outages at SayanskKhimPlast and Kaustik (Sterlitamak) - two major producers. Last month the total PVC production made about 40,700 tonnes, down 15% from July.
Kaustik (Sterlitamak), the second largest PVC producer in the Russian Federation, has shut its suspension PVC production for a two-week turnaround from July 17. The annual capacity of the plant makes 180,000 tonnes. The PVC production had been resumed by August 4. In August, the production volume made about 15,400 tonnes. SayanskKhimPlast began its outage for a four-week maintenance in mid-August. In August, the facility managed to produce about 12,400 tonnes of suspension PVC. The output of PVC at Kaustik (Volgograd) and SIBUR-Neftekhim remained without any significant changes last month compared to July.
The only producer of emulsion PVC in Russia - Khimprom (Volgograd) manufactured in August slightly more than 2,900 tonnes of the resin.
A significant growth of PVC production from Russian makers is not expected in September. SayanskKhimplast resumed the resin production only at the end of last week after the outage for a scheduled maintenance. Kaustik (Sterlitamak) shut its production twice in September following the problems at the ethylene pipeline. At the end of last week the plant resumed PVC production, but not with 100% capacity utilization. According to unofficial information, Kaustik (Sterlitamak) is going to work with the reduced capacity utilization till late September due to restrictions in ethylene supplies.
In general, over the past eight months the total PVC production by Russian producers made about 410,000 tonnes, up 11% year-on-year. The production volume of suspension PVC grew by 11% and made about 395’000 tonnes. The main increase of production volumes was due to Kaustik (Sterlitamak) and SayanskKhimPlast. The output of emulsion PVC decreased by 4% to 14,100 tonnes.
MRC