London +4420 814 42225
Moscow +7495 543 9194
Kiev +38044 599 2950
info@mrcplast.com

Our Clients

Order Informer

 
Home > News >
 

Hengli Petrochemical cuts refinery operations

February 13/2020

MOSCOW (MRC) -- Chinas private chemical giant and refiner Hengli Petrochemical has cut to 90% from this week its crude oil processing rate at a northeastern plant, down from 109%, as a spreading coronavirus hits demand, reported Reuters with reference to a spokesman's statement.

The cuts at the 400,000-barrel-per-day refinery and petrochemical complex in Dalian will be equivalent to 17%, or 76,000 bpd, Reuters calculations show.

Hengli also shut in a 3.2-million-tonne-per-year reforming unit, one of three it operates, because of a mix of technical and market problems.

"Weve been planning to shut down the unit for maintenance to fix some technical issues," the spokesman told Reuters.

"And now it seems the right time, as we are also worried about falling demand for both refined fuel and petrochemicals because of the epidemic."

As Hengli typically pre-markets fuel for more than two months, its refined fuel sales so far have been smooth, another company source said.

In face of weakening demand for petrochemical products, Hengli also cut back operations at a newly started plant making purified terephthalic acid, or PTA, to half its capacity, from 80% earlier, the spokesman said.

The facility has an annual capacity of 2.5 million tonnes of PTA, a chemical used to make polyester fiber.

PTA is used to produce polyethylene terephthalate (PET), which is used in the manufacturing of plastic bottles, films, packaging containers, in the textile and food industries.

As per MRC's ScanPlast report, the estimated consumption of polyethylene terephthalate (PET) in Russia decreased by 16% year on year in December 2019. Russia's overall estimated PET consumption totalled 696,810 tonnes in 2019, up by 1% year on year (690,130 tonnes in 2018).

Hengli Petrochemical Co., Ltd. manufactures chemical fibers. The Company researches, produces, and sells polyester filament and chips for consumer and industry products. Hengli Petrochemical markets it products worldwide.


mrcplast.com
Author:Margaret Volkova
Tags:polyether, crude and gaz condensate, PET-granulate, terephthalic acid, fibers/filaments, petrochemistry, packaging, Hengli Petrochemical, China, Russia.
Category:General News
|
| More

Leave a comment

MRC help

 


 All News   News subscribe