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COVID-19 - News digest as of 08.04.2020

April 08/2020

1. Coalition ramps up face shields output in response to Covid-19

MOSCOW (MRC) -- A coalition initiated by 3D printing company Stratasys (Eden Prairie, Minnesota / USA) is ramping up production of disposable face shields for use by medical personnel in response to the Covid-19 pandemic, said Plasteurope. Stratasys said the number of companies and universities involved in the coalition now exceeds 150 and members include Toyota, Boeing and medical technology company Medtronic (Minneapolis, Minnesota). Requests from hospitals and other organisations for the shields, which include a 3D-printed frame and a clear plastic shield covering the entire face, now exceed 350,000 shields.

http://www.mrcplast.com/news-news_open-368864.html

2. Vietnamese Dung Quat refinery may delay maintenance to 2021 due to coronavirus

MOSCOW (MRC) -- Vietnams Binh Son Refining and Petrochemical Co will likely delay maintenance at its Dung Quat refinery, scheduled to begin on June 12, due to the coronavirus pandemic that has led to travel curbs, reported Reuters with reference to two sources familiar with the matter. We have difficulties shipping needed equipment to Vietnam and travel bans will make it difficult for foreign contractors to send their workers to the refinery, one of the sources said, adding the maintenance may be delayed until 2021. A trader, however, said it might be delayed until the second half of this year.

http://www.mrcplast.com/news-news_open-368777.html

3. ExxonMobil reduces 2020 capex by USD10 billion due to coronavirus pandemic

MOSCOW (MRC) -- ExxonMobil will reduce 2020 capital spending by 30% and lower cash operating expenses by 15% in response to low commodity prices resulting from oversupply and demand weakness from the coronavirus disease 2019 (COVID-19) pandemic, reported Chemweek. Capital investments for 2020 are now expected to be about USD23 billion, down from the previously announced USD33 billion.

http://www.mrcplast.com/news-news_open-368868.html

4. India to continue prompt fuel exports for at least two more weeks

MOSCOW (MRC) -- Indian refiners are likely to continue prompt export of refined fuels for at least another two weeks to avoid a complete shutdown after the coronavirus lockdown hit local demand, reported Reuters with reference to company officials' statement. A three-week lockdown due to end in mid-April slashed state fuel retailers local diesel sales by about 26% and petrol by about 17% in March, provisional data shows. Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corp control about 90% of fuel pumps in India, where falling fuel consumption has deepened crude refining cuts by state refiners. Some have declared force majeure on crude purchases as storage facilities are full.

http://www.mrcplast.com/news-news_open-368862.html


mrcplast.com
Author:Margaret Volkova
Tags:crude and gaz condensate, petrochemistry, Bharat Petroleum, Exxon Mobil, Indian Oil Corp, COVID-19, Vietnam, India, USA.
Category:General News
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