Meridian Energy preparing to start construction on proposed Davis Refinery

MOSCOW (MRC) -- Meridian Energy is planning to build the new oil refinery at Belfield has hired an engineering and construction firm to complete the "front-end engineering and design" study for the refinery, according to Hydrocarbonprocessing.

It’s being done in anticipation of the state Health Department giving the company the permit to construct the refinery. "We are fairly certain there will be no substantial changes to that permit from the draft that was issued in December," said Meridian CEO William Prentice.

Prentice said he expects the final permits will be issued soon.

"The state has declared, and it’s proper, that it will take its time to do this right,Є Prentice said in an interview. "They’re obviously aware of the benefits of the project. Prentice said he’s confident the final decision will come out "in a matter of weeks."

"We just don’t understand what additional delays there could be," Prentice said. “But it’s beyond our control."

Prentice said his company went through the substantial number of public comments received in the hearing process. "Nothing we received indicated to us there would be substantial changes to the air quality permit draft," Prentice said. "That allows us to finish up the engineering, and be ready to begin construction as soon as that permit is issued."

Prentice said the initial phase - the 27,500 barrel refinery - should be completed by the middle of 2019. He said Meridian could go up to 50,000 barrels a day without requesting a new permit. But he said if the company sees more need for expansion beyond that, it would file for a new permit.
MRC

SIBUR reports Q1 2018 IFRS results

MOSCOW (MRC) -- In the first quarter of 2018, SIBUR’s gas processing plants (GPPs) processed 5.6 billion cubic metres2 of APG, an increase of 2.3% year-on-year. As a result, production of natural gas totaled 4.8 billion cubic metres2, as per the company's press release.

Raw NGL fractionation volumes increased by 9% year-on-year to 2.2 million tonnes1.

In the first quarter of 2018, SIBUR’s sales volumes of liquid hydrocarbons increased by 18.3% year-on-year and totaled 1.5 million tonnes, while natural gas sales volumes increased by 1.9% year-on-year and totaled 4.5 billion cubic metres.

In the first quarter of 2018, polyolefin sales volumes increased by 3.2% and reached 210 thousand tonnes, while sales of plastics and organic synthesis products increased by 2.2% to 197 thousand tonnes year-on-year on higher capacity load.

In the first quarter of 2018, SIBUR’s gas processing plants (GPPs) processed 5.6 billion cubic metres2 of APG, an increase of 2.3% year-on-year. As a result, production of natural gas totaled 4.8 billion cubic metres2.. Raw NGL fractionation volumes increased by 9% year-on-year to 2.2 million tonnes1.

In the first quarter of 2018, SIBUR’s sales volumes of liquid hydrocarbons increased by 18.3% year-on-year and totaled 1.5 million tonnes, while natural gas sales volumes increased by 1.9% year-on-year and totaled 4.5 billion cubic metres.

In the first quarter of 2018, polyolefin sales volumes increased by 3.2% and reached 210 thousand tonnes, while sales of plastics and organic synthesis products increased by 2.2% to 197 thousand tonnes year-on-year on higher capacity load.
MRC

Lubrizol extends shelf life of its Pearlstick TPU portfolio

MOSCOW (MRC) -- Lubrizol has announced that it has extended the shelf life of its Pearlstick TPU series for solvent-based adhesives up to 36 months (when stored under controlled conditions), as per GV.

The series is used, for example, in applications in the textile, automotive, footwear and furniture industries. Furthermore, the company announced that its portfolio has been extended with new products that meet Oeko-tex compliance grade requirements.

According to Lubrizol, recent developments have increased the number of Pearlstick TPU resins for solvent-based adhesives which are Oeko-tex-compliant. This also applies to most of the solvent-free Pearlbond TPU resins for hot melt adhesives (HMA), said the company. These products address the growing demand for materials that have successfully passed testing for compliance with regulatory requirements such as Oeko-tex, in the textile industry.

"As the market leader in TPU and in TPU for adhesives applications, we are continuously improving our polymers and product range. In adhesives, our focus goes beyond finding more environmentally-friendly materials or enhancing properties such as thermoplasticity or green strength," stated Jane Cai, regional business director, Lubrizol Engineered Polymers, Asia Pacific. "It also includes increased shelf life for better supply chain management across the value chain. Adhesive applications in the textile industry are growing in line with process automation, as is the need for multifunctional materials. Our innovation efforts are focused on enabling both."

As MRC wrote previously, in February 2016, speciality chemicals major Lubrizol Corporation announced the commencement of its USD50 million chlorinated polyvinyl chloride (CPVC) compounding plant in Dahej. This was the company's first CPVC compounding plant in the country, and it claimed that it is the first such in India by any global major. The plant has a capacity to produce nearly 55,000 tonnes of compounds annually. The company has invested over USD50 million (Rs325 crore) on this facility.

The Lubrizol Corporation, a Berkshire Hathaway company, is an innovative specialty chemical company that apart from its production develops and supplies technologies to customers in the global transportation, industrial and consumer markets. Lubrizol's advanced polymer technology delivers exceptional performance for the plumbing, fire sprinkler, industrial and other building and construction related applications. Lubrizol is providing innovative solutions for its customers" high-performance application needs and remains committed to ongoing investment in its CPVC capabilities that support future growth. With headquarters in Wickliffe, Ohio, Lubrizol owns and operates manufacturing facilities in 17 countries, and sales and technical offices around the world. Founded in 1928, Lubrizol has approximately 8,300 employees worldwide. Revenues for 2016 were USD6.5 billion.
MRC

ADNOC and Cepsa sign project development agreement for new LAB facility in Ruwais

MOSCOW (MRC) – The Abu Dhabi National Oil Company (ADNOC) announced it has signed a project development agreement with Cepsa of Spain for a new, world-scale Linear Alkylbenzene (LAB) facility in ADNOC’s refining and petrochemicals complex in Ruwais, UAE, as per Hydrocarbonprocessing.

The LAB project is one among a number of initiatives to be executed as ADNOC looks to significantly enhance and expand its refining operations and capabilities to support its downstream plans.

The agreement follows the signing last November of a Memorandum of Understanding (MoU) between ADNOC and Cepsa to evaluate the setting up of a LAB facility in Ruwais. After the successful completion of a feasibility study, the project is now ready to move to the Front End Engineering Design (FEED) stage. The LAB manufacturing facility will be fully integrated within the ADNOC Refining complex, taking feedstocks of kerosene and benzene and benefitting from the suite of utilities and services of the Ruwais complex. The facility is expected to have a production capacity of 150,000 tons per year of LAB upon completion.

Cepsa is a Spanish integrated oil company, wholly owned by Abu Dhabi’s Mubadala Investment Company. Cepsa has over five decades of experience in LAB and brings market experience and market leading technology that provides the best raw material consumption ratios and excellent health and safety performance. LAB is the most common raw material in the manufacture of biodegradable household and industrial detergents, and is also used in house cleaners and soap bars.

Abdulaziz Al Hajri, Downstream Director at ADNOC, said: "We are pleased to be moving forward with our partnership with Cepsa, through its chemical business to develop a new LAB facility in Ruwais. As we expand downstream and grow our refining capacity and capabilities, we will be able to expand the number of new products and value chains we can create. The development of a new LAB facility will enable the emergence of a surfactants cluster in our new Ruwais Derivatives and Conversion Parks, diversifying the number and type of industries being developed there, leading to the creation of an expanded and advanced petrochemicals ecosystem in the UAE."

Echoing this commitment towards the development of the downstream cluster, Pedro Miro, CEO of Cepsa, said: "The start-up of this complex underscores our commitment to continue developing our international operations as part of our integrated business model. We are delighted with our collaboration with ADNOC across several of our businesses (Chemicals, E&P, Trading), and we are convinced that the future will bring us further opportunities to grow together. The Ruwais petrochemicals cluster strengthens our position as leaders in LAB and DETALTM technology, developed jointly with UOP, and adds to our plants in Spain, Canada, and Brazil, as well as giving us access to high growth markets to the east of the Suez Canal".

The signing of the project development agreement comes as ADNOC outlined its new downstream strategy at its Downstream Investment Forum in Abu Dhabi on May 13, 2018. At the heart of this strategy, is a AED 165 billion (US USD45 billion) investment program that will see the Ruwais Industrial Complex upgraded to significantly increase its flexibility and integrated capabilities to produce greater volumes of higher-value refined and petrochemical products.

MRC

PVC imports to Russia down by 23% in Jan-Apr

MOSCOW (MRC) -- Imports of suspension polyvinyl chloride (SPVC) into Russia were 9,100 tonnes in January-April 2018, down by 23% year on year. At the same time, Russian producers were forced to increase their exports by 23%, according to MRC's DataScope report.
April SPVC imports rose to 3,400 tonnes from 1,900 tonnes a month earlier, March lower export prices led to higher purchasing of resin in China. Thus, overall imports of resin into Russia totalled 9,100 tonnes in the first four months of 2018, compared to 11,800 tonnes a year earlier. At the same time, Russian producers were forced to ship resin for export more actively this year because of weak demand from the domestic market, export sales grew almost by a quarter.


Chinese producers have been traditionally the key foreign PVC suppliers for the past several years. April imports of Chinese acetylene resin increased to 3,200 tonnes from 1,900 tonnes a month earlier. Overall imports of resin from China were 8,300 tonnes in the first four months of 2018, compared to 10,700 tonnes a year earlier.

Imports of acetylene PVC are expected to decrease significantly in May-June. Chinese producers raised their export prices in April-May, the rouble exchange rate also weakened against the dollar.

At the same time, Russian producers had to increase their exports this year, although export sales have decreased since March. 40,500 tonnes of SPVC were shipped for export in January-April 2018, compared to 32,800 tonnes a year earlier.

MRC