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ChemChina shuts refinery due to virus, cuts rates at 2 more plants

February 17/2020

MOSCOW (MRC) -- State-run China National Chemical Corp, or ChemChina, was forced to shut down a 100,000 barrels per day crude oil refinery in east China and cut processing rates at other two plants due to the coronavirus, three sources told Reuters on Thursday.

ChemChina switched off the 5 million tonnes per year crude oil unit at Zhenghe refinery in Shandong province on Wednesday, two of the sources said.

The company also reduced operating rates at two other plants in the province - Changyi and Huaxing - to 60% earlier this week from 70% previously. The two plants have a combined crude processing capacity of around 300,000 bpd.

As MRC wrote before, China's independent refineries in eastern Shandong province have cut February run rates to a four-year-low of around 40% in February, down from 63.5% in January, as product sales slump due to the coronavirus outbreak. Twelve refineries with a combined capacity of 39.6 million mt/year have shut since late January, resulting in the average run rate in the province falling to 40.9% in February, according to local energy information provider JLC.

We remind that Sinopec Guangzhou Petrochemical, part of China's petrochemical giant - Sinopec, resumed operations at its cracker in China on December 5, 2019, following a turnaround. The cracker was shut for maintenance on October 12, 2019. Located in the Guangzhou province of China, the cracker has an ethylene production capacity of 260,000 mt/year and propylene production capacity of 150,000 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 2,093,260 tonnes in 2019, up by 6% year on year. Shipments of all PE grades increased. PE shipments rose from both domestic producers and foreign suppliers. The estimated PP consumption in the Russian market was 1,260,400 tonnes in January-December 2019, up by 4% year on year. Supply of almost all grades of propylene polymers increased, except for statistical copolymers of propylene (PP random copolymers).


mrcplast.com
Author:Margaret Volkova
Tags:PP, PE, crude and gaz condensate, PP random copolymer, propylene, ethylene, petrochemistry, ChemChina, Sinopec, China, Russia.
Category:General News
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