Sinopec Luoyang completes turnaround at PP unit

MOSCOW (MRC) -- Sinopec Luoyang Co has brought on-stream its Polypropylene (PP) unit following a planned outage, according to Apic-online.

A Polymerupdate source informed in China that the company has resumed operations at the unit on July 3, 2019. The unit was shut for maintenance on April 20, 2019.

Located at Luoyang, China, the PP unit has a production capacity of 140,000 mt/year.

As MRC reported earlier, in Jun 2019, SIBUR and Sinopec signed a number of agreements concerning the production and sale of petrochemicals.

China Petroleum & Chemical Corporation, or Sinopec Limited is a Chinese oil and gas company based in Beijing, China. It is listed in Hong Kong and also trades in Shanghai and New York . Sinopec is the worlds fifth biggest company by revenue.
MRC

MOSCOW (MRC) -- Sinopec Maoming Petrochemical, has brought on-stream, its No. 1. low density polyethylene (LDPE) plant following a brief maintenance, as per Apic-online.

A Polymerupdate source in China, informed that the company has resumed operations at the plant on July 4, 2019. The plant was taken off-stream on June 27, 2019.

Located at Guangdong in China, the plant has a production capacity of 120,000 mt/year.

As MRC informed before, in Jun 2019, SIBUR and Sinopec signed a number of agreements concerning the production and sale of petrochemicals.

Sinopec Maoming Petrochemical Company (Maoming Company) - a subsidiary of Sinopec- is located in Maoming, Guangdong and was founded in May 1955. The company now has a crude oil processing capacity of 13.5 million t/a and an ethylene production capacity of 1 million t/a. Maoming Company has turned out to be a large-scale integrated refining and chemical enterprise with refining as the leading business and petrochemical sector as the mainstay.

China Petroleum & Chemical Corporation, or Sinopec Limited is a Chinese oil and gas company based in Beijing, China. It is listed in Hong Kong and also trades in Shanghai and New York . Sinopec is the worlds fifth biggest company by revenue.
MRC

MOSCOW (MRC) -- Louisiana, Mississippi and Texas coastal refineries operated by Royal Dutch Shell Plc and Chevron Corp were monitoring a developing weather disturbance in the northeastern Gulf of Mexico that may produce heavy wind and rain later this week, reported Reuters with reference to company spokesmen's statement.

"We’re just closely monitoring the forecast and preparing for a potentially high-wind and heavy-rain event," Shell spokesman Ray Fisher said.

Shell operates refineries in Convent and Norco, Louisiana, and jointly operates a refinery in Deer Park, Texas, with Mexico’s national oil company Petroleos de Mexicanos (Pemex).

Chevron operates refineries in Pascagoula, Mississippi, and Pasadena, Texas.

As MRC wrote previously, in April 2019, Royal Dutch Shell’s US unit said that it had made one of its biggest oil discoveries in the Blacktip deepwater well in the US Gulf of Mexico. Blacktip, operated by Shell and co-owned by US oil giant Chevron Corp, Equinor ASA and Repsol, is the company’s second material discovery in the Perdido Corridor.

Royal Dutch Shell plc is an Anglo-Dutch multinational oil and gas company headquartered in The Hague, Netherlands and with its registered office in London, United Kingdom. It is the biggest company in the world in terms of revenue and one of the six oil and gas "supermajors". Shell is vertically integrated and is active in every area of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading.
MRC

MOSCOW (MRC) -- Extrusion machinery maker Reifenhauser Group has started construction on a new 3,000-square-meter production and assembly hall at its headquarters in Troisdorf, Germany, said Canplastics.

Scheduled for completion by spring 2020, the Troisdorf-based family-owned company is investing almost 7 million euros in the new building, which will house its newly founded Reifenhauser Extrusion Systems (RES) business unit, which supplies components for what the company calls “demanding” extrusion applications.

“From 2020, we will be producing 300 flat dies for plastic extrusion in the new production hall every year,” Uwe Gaedike, managing director of Reifenhauser Extrusion Systems, said in a statement.

The statement also said that Reifenhauser will invest an additional 10 million euros over the next five years on production machines and intelligent processes, to create conditions for Industry 4.0-capable manufacturing.

In total, the statement said, Reifenhauser is planning to invest between 40 to 45 million euros for growth measures at its German sites and at its North American headquarters in Wichita, Kansas.
MRC

MOSCOW (MRC) -- Chevron Phillips Chemical Company LLC and Qatar Petroleum announced they have signed an agreement to jointly pursue the development of a new petrochemical plant in the Gulf Coast region of the United States, said Plasticsnews.

The U.S. Gulf Coast II Petrochemical Project (USGC II) will include a 2,000 KTA ethylene cracker and two 1,000 KTA high-density polyethylene units. Qatar Petroleum has announced the selection of Chevron Phillips Chemical Company LLC as its partner in a new Petrochemicals Complex, which will be developed and constructed in Ras Laffan Industrial

The signing ceremony, hosted at the White House and witnessed by President Donald Trump and His Highness, Sheikh Tamim bin Hamad Al Thani, Amir of the State of Qatar, included Chevron Phillips Chemical President and CEO Mark Lashier and His Excellency Mr. Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs, the President and CEO of Qatar Petroleum. Chevron Corporation Chairman and CEO Michael Wirth and Phillips 66 Chairman and CEO Greg Garland also attended the ceremony.

Chevron Phillips Chemical would be the majority owner with a 51 percent share and Qatar Petroleum would own 49 percent of the project. Chevron Phillips Chemical would provide project management and oversight and be responsible for the operation and management of the facility. The preliminary cost of USGC II is approximately USD8 billion. Chevron Phillips Chemical and Qatar Petroleum expect a final investment decision (FID) no later than 2021, followed by full funding and the award of engineering, procurement and construction (EPC) contracts, with targeted startup of the new facility in 2024.

At peak construction, USGC II would support an estimated 9,000 construction jobs and once operational, approximately 600 full time positions. The site’s location would be in the Gulf Coast region, where there is direct access to the significant shale natural gas liquid reserves of the Permian Basin.

His Excellency Mr. Saad Sherida Al-Kaabi said, “We are very pleased to sign this agreement, which is the second of its kind in as many weeks, with our trusted partner, Chevron Phillips Chemical, to further cement the strong partnership between our two companies and to complement Qatar Petroleum’s international portfolio in the United States, which is a core growth area for us as we believe it has great prospects and growth opportunities.”

“Qatar Petroleum is already a terrific partner of Chevron Phillips Chemical on petrochemical plants in Qatar and we look forward to expanding our relationship in the United States as we jointly seek to develop a new petrochemical facility along the U.S. Gulf Coast,” said Lashier. “Qatar Petroleum’s financial strength, its commitment to safety as a core value and shared belief in our strategy to build facilities located close to competitive feedstocks make this an ideal relationship."

In June 2019, Chevron Phillips Chemical and Qatar Petroleum announced a joint venture to pursue a world-scale petrochemical plant in Qatar at the Ras Laffan Industrial City. The companies currently operate Qatar Chemical Company Ltd. and Qatar Chemical Company II Ltd., as well as the Ras Laffan Olefins Company. These are some of the safest and most successful assets in Chevron Phillips Chemical’s global portfolio.
MRC