PBF, Valero do not plan to shut Louisiana refineries ahead of storm

MOSCOW (MRC) -- PBF Energy and Valero Energy Corp do not plan to idle their refineries in Chalmette and Meraux, Louisiana, respectively ahead of a developing tropical storm in the Gulf of Mexico, reported Reuters with reference to sources.

Phillips 66 announced on Wednesday night it would temporarily shut its 253,600 barrel-per-day Alliance, Louisiana, refinery ahead of the storm. The Alliance refinery faces a greater flooding threat and is outside the flood protection levee system along the Mississippi River.

Company spokeswoman Lillian Riojas said Valero is "closely monitoring the storm, following our hurricane preparedness plan, as well as coordinating with appropriate local agencies."

PBF spokesman Michael Karalovich declined to discuss operations at the refinery.

The 190,000 bpd PBF Chalmette refinery and the 125,000 bpd Valero Meraux refinery are located 1.6 miles (2.5 km) from each other in the eastern suburbs of New Orleans and about 17 miles north from the Alliance refinery.
MRC

MOSCOW (MRC) -- US crude oil production will rise to an all-time high of 12.36 million barrels per day (bpd) in 2019 from a record high of 10.96 million bpd last year, reported Reuters with reference to the Energy Information Administration's Short Term Energy Outlook (STEO).

The latest July output projection for 2019 was up from EIA's 12.32 million bpd forecast in June.

EIA also projected US petroleum and other liquid fuels consumption would rise to 20.70 million bpd in 2019 from 20.45 million bpd a year ago.

That would be the most since 2005 when petroleum and other liquid fuels consumption hit a record high of 20.80 million bpd.

The 2019 demand projection in the July STEO report was up from EIA's 20.64 million bpd forecast for the year in June.

EIA projected output in 2020 would rise to 13.26 million bpd and demand would rise to an all-time high of 20.91 million bpd.
MRC

MOSCOW (MRC) -- Chevron Phillips Chemical (CP Chem) has taken off-stream its high density polyethylene (HDPE) plant at Pasadena in Texas, according to Apic-online.

A Polymerupdate source in the US informed that the company has halted operations at the plant on July 7, 2019 owing mechanical glitch. The exact duration of the unplanned outage could not be ascertained.

Located at Pasadena, Texas in the US, the PE plant has a HDPE production capacity of 930,000 mt/year.

As MRC reported previously, in June 2017, Chevron Phillips Chemical successfully completed a low viscosity polyalphaolefins (PAO) capacity expansion at its Cedar Bayou plant in Baytown, Texas. The 20% capacity expansion enables the company to meet the increasing demand for lubricants in automotive and industrial applications. Chevron Phillips Chemical develops and produces PAOs, marketed under the brand name Synfluid PAO, which are used for a variety of applications including engine oils, gear oils and greases.

Headquartered in San Ramon, California, Chevron Corporation is the the second-largest integrated energy company in the United States and among the largest corporations in the world. Chevron is involved in upstream activities including exploration and production, downstream activities including refining, marketing and transportation, and advanced energy technology. Chevron is also invested in power generation and gasification processes.

Phillips 66 is a diversified energy manufacturing and logistics company with a portfolio of integrated businesses: Midstream, Chemicals, Refining, and Marketing and Specialties. The company processes, transports, stores and markets fuels and products globally. Phillips 66 Partners, its master limited partnership, is an integral part of the portfolio.
MRC

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.
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