MOSCOW (MRC) -- Sinopec Shanghai Petrochemical has shut a high density polyethylene (HDPE) plant, as per Apic-online.
A Polymerupdate source in China informed that the plant was shut on March 26, 2014 owing to feedstock issues. A restart date for the plant could not be ascertained.
Located in Shanghai, China, the plant has a production capacity of 250,000 mt/year.
As MRC informed earlier, Sinopec Shanghai Petrochemical restarted its acrylonitrile (ACN) plant on December 25, 2013. It was shut on November 20, 2013 for maintenance turnaround. Located in Shanghai, China , the plant has a production capacity of 130,000 mt/year.
Besides, top Asian refiner Sinopec Corp won initial approval in October 2013 from China's top economic planner for a plan to build a USD10-billion refinery and petrochemical complex in Shanghai. Sinopec had started formal planning for the 400,000 barrels-per-day refinery and a 1 million tonnes-per-year ethylene project in a plan to curb pollution by shifting an old plant to Shanghai's southern edge.
Sinopec Corp. is one of the largest scale integrated energy and chemical companies with upstream, midstream and downstream operations. Its refining and ethylene capacity ranks No.2 and No.4 globally. The Company has 30,000 sales and distribution networks of oil products and chemical products, its service stations are now ranked third largest in the world.
MRC
MOSCOW (MRC) -- The Keltan Elastomers business unit of specialty chemicals group Lanxess will globally raise its prices for all of its Keltan EPDM grades (ethylene propylene diene monomer), effective April 1, 2014, reported the company on its site.
The price adjustment for EPDM is USD150/tonne.
EPDM, which is offered under the brand name Keltan, is used in the automotive industry for the manufacture of door sealants, hoses, belts or anti-vibration parts. The product is also used in plastic modification, wire and cable, construction and oil additives. Its properties include very low density, good resistance to heat, oxidation, chemicals and weathering as well as good electrical insulation properties.
As MRC wrote previously, Lanxess' KEL already raised its prices for all of its Keltan EPDM grades in Europe, Middle East and Africa from 1 February, 2014. The price adjustment for EPDM is EUR125/tonne.
The Keltan elastomers business unit is part of Lanxess’ Performance Polymers segment, which recorded sales of EUR 4.49 billion in fiscal 2013.
Lanxess is a leading specialty chemicals company with sales of EUR 9.1 billion in 2012. The company is currently represented at 50 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals. Lanxess' sales totalled EUR 8.3 billion in 2013.
MRC