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MOSCOW (MRC) -- South Korean petrochemical company LG Chem is in plans to shut a bisphenol-A(BPA) plant for maintenance turnaround, according to Apic-online.
A Polymerupdate source in South Korea informed that the plant is likely to be restarted towards end-November2014. It was shut on October 26, 2014.
Located in Yeosu, South Korea, the plant has a production capacity of 150,000 mt/year.
As MRC informed before, LG Chem is in plans to take off-stream its butadiene (BD) plant in South Korea for maintenance turnaround in March 2015. It is likely to remain off-stream for around one month. Located in Daesan, South Korea, the plant has a production capacity of 145,000 mt/year.
LG Chem Ltd., often referred to as LG Chemical, is the largest Korean chemical company and is headquartered in Seoul, South Korea. According to ICIS report, it is 15th biggest chemical company in the world in 2011. It has eight domestic factories and global network of 29 business locations in 15 countries. LG Chem is a manufacturer, supplier, and exporter of petrochemical goods, IT&E Materials and Energy Solutions.
MRC
LG Chem to restart BPA plant in South Korea
Hengli Petrochemical restarts PTA plant in China
MOSCOW (MRC) -- Hengli Petrochemical has restarted its No.2 purified terephthalic acid (PTA)plant following maintenance turnaround, as per Apic-online.
A Polymerupdate source in China informed that the plant restarted on November 15. It was shut on November 1.
Located at Dalian in Liaoning province of China, the plant has a production capacity of 2.2 million mt/year.
As MRC informed previously, in October 2012, Hengli Petrochemical commissioned the first phase of a world-scale PTA project in Changxing Island of Dalian, Liaoning Province, China. Hengli Petrochemical which is utilizing PTA technology from Invista, claims that the plant is the world's largest monomer production plant.
According to media reports, the first phase of the PTA plant will have a capacity of 2.2 million tonnes per annum and after the entire project is commissioned, PTA capacity will reach 4.4 million tonnes per year.
PTA is feedstock which is used in production of polyethylene terephthalate (PET).
MRC
PVC imports in Belarus decreased by 15.1% in January - September 2014
September PVC imports in Belarus seasonally increased to 4,300 tonnes, compared with 4,100 tonnes in August.
Total PVC imports in the country decreased to 29,700 tonnes in January - September 2014, compared with 35,000 tonnes year on year.
The reduction in demand for PVC from local converters resulted from lower sales volumes of finished PVC products primarily in the domestic market (about 25-30% compared to the same period of 2013) and foreign markets, including Russia; the sales declined by around 14.2%. Total exports of profile-moulded products from the country were 18,300 over the reported period.
Key suppliers of PVC to the local market were producers from Germany, with their share increased to 56% from the total imports in the country over the reported period. The second-largest supplier was the Polish producer Anwil.
Total imports of Russian resin in Belarus were 1,300 tonnes in the first nine months; some Belarusian companies did not rule out an increase in PVC supplies from Russia, including from a new production site - RusVinyl.
MRC
PC production in Russia decreased by 6% in January - October 2014
MOSCOW (MRC) - Russia's output of polycarbonate (PC) reduced to 52,200 tonnes in January-October 2014, down 6% year on year, according to MRC ScanPlast.
The only PC producer in the CIS, Kazanorgsintez (KOS), changed the production structure in line with the needs of the domestic market. So, for ten months of the year its share of PC granules for sheet extrusion in the total output has increased from 76% to 83% compared to last year.
At the same time the producer decreased the output of injection moulding grades. If last year the production of them occurred for 24% from the total output, then in the first ten months of this year it dropped to 17%, reaching 6,800 tonnes.
These changes in the production structure resulted from the suspension of the producer's exports and switching to the domestic market. Russian market of PC granules occurred for 86% of sheet extrusion and 10-11% for injection moulding. For this reason, production of injection moulding grades were reduced to the needed volumes, which are within 200-300 tonnes per month.
Russia's monthly consumption is 800-900 tonnes of injection moulding PC and 6,000-6,500 tonnes of extrusion PC. While injection moulding sector has been shrinking, and the extrusion sector consistently showed an uptrend.
MRC
Pemex finalizes corporate restructuring for creation of new businesses
MOSCOW (MRC) -- Mexico's state run Pemex has approved a post-reform corporate revamp- finalizing a corporate restructuring including the creation of new business units that will focus on fertilizers and ethylene, as per Reuters.
The company's board of directors voted to maintain its money-making exploration and production division while it consolidates poorer performers focused on natural gas, refining and petrochemicals into a single entity that will be known as Industrial Transformation.
The Mexican oil giant will also establish five businesses below the two overarching divisions that will launch next year and focus on drilling services, transport services including pipelines, electric cogeneration, fertilizers and ethylene.
As MRC wrote before, in October 2014, Pemex and Exxon Mobil Corp signed a non-commercial agreement to jointly explore potential upstream and downstream business opportunities. The agreement comes against the backdrop of the landmark constitutional reform, signed into law under Mexican President Enrique Pena Nieto last year, that ended Pemex's 75-year-old oil and gas monopoly.
Pemex, Mexican Petroleum, is a Mexican state-owned petroleum company. Pemex has a total asset worth of USD415.75 billion, and is the world's second largest non-publicly listed company by total market value, and Latin America's second largest enterprise by annual revenue as of 2009. Company produces such polymers, as polyethylene, polypropylene, polystyrene.
MRC