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Chinese Hengyi exports first LPG cargo from Brunei refinery

November 06/2019

MOSCOW (MRC) -- Chinas Hengyi Petrochemical Co Ltd, a joint petrochemical venture between China and Brunei, exported its first cargo of liquefied petroleum gas (LPG) from its newly commissioned refinery in Brunei, a company executive told Reuters.

A shipment of "standard cargo size" was loaded for export on Sunday from the 160,000 barrels-per-day refinery in Pulau Muara Besar, the executive said.

The company announced on Sunday its refinery and petrochemical complex in Brunei entered commercial operations after trial productions started two-and-half months ago.

As MRC wrote previously, in September Hengyi Industries produced qualified petrochemical (PC) products at its new refinery and petrochemical complex at Pulau Muara Besar in Brunei. The project includes a 160,000 barrels/d crude oil refinery, a 1 M tonnes/y aromatics facility and a 500,000 tonnes/y benzene unit.

Hengyi Petrochemicals is targeting to start up its new 1.5m tonne/year PX unit in November.

Paraxylene is a raw material for the synthesis of terephthalic acid (TFA) - an intermediate for the production of polyethylene terephthalate (PET).

According to ICIS-MRC Price Report, plant of New Polymers Senege, one of the Russian PET chips producers,  shut production of polyethylene terephthalate (PET) for scheduled maintenance on 1 October 2019. According to a source in the company, the shutdown will take about a month. The exact date of the completion of the turnaround was not reported.

Hengyi Industries is a joint venture between China's Zhejiang Hengyi Group and Damai Holdings, a wholly-owned subsidiary under the Brunei government's Strategic Development Capital Fund. They own 70% and 30% of the shares respectively.


mrcplast.com
Author:Margaret Volkova
Tags:benzene, crude and gaz condensate, paraxylene (PX), propylene, PET-granulate, terephthalic acid, ethylene, gas processing, petrochemistry, packaging, Hengyi Petrochemical, Senege, China, Russia.
Category:General News
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