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Poor margin forced FREP to cut cracker rate

January 13/2020

MOSCOW (MRC) -- Fujian Refining & Petrochemical Company (FREP) has reduced the operation rate of their steam cracker by 10-15% due to softer downstream margins, reported CommoPlast with reference to market sources.

Based in Fujian, China, the cracker has an ethylene production capacity of 1.1 million tons/year.

As MRC informed before, FREP last took off-stream its cracker for maintenance in end-October 2018. The plant was shut until 20 December 2018. Located in Fujian province of China, the cracker has an ethylene production capacity of 1.1 million mt/year and a propylene production capacity of 550,000 mt/year.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,904,410 tonnes in the first eleven months of 2019, up by 6% year on year. Shipments of all PE grades increased. PE shipments increased from both domestic producers and foreign suppliers. The PP consumption in the Russian market was 1,161,830 tonnes in January-November 2019, up by 7% year on year. Deliveries of all grades of propylene polymers increased, with the homopolymer PP segment accounting for the largest increase.

FREP is a joint venture between Fujian Petrochemical Co. (50%), ExxonMobil China Petroleum and Petrochemical Co. (25%) and Saudi Aramco Sino Co. (25%). Fujian Petrochemical is a 50:50 JV between Sinopec and the Fujian provincial government.


mrcplast.com
Author:Margaret Volkova
Tags:PP, PE, homopolymer PP, propylene, ethylene, Fujian Refining & Petrochemical (FREP), China, Russia.
Category:General News
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