MOSCOW (MRC) -- BP is donating 3 million gallons of jet fuel to FedEx and Alaska Airlines to help with the distribution of personal protective equipment in the battle against the new coronavirus, said Reuters.
The jet fuel will be supplied from BP’s refinery in Whiting, Indiana and the Cherry Point refinery in Blaine, Washington, BP said in a statement.
It will be delivered to Chicago O’Hare and Seattle-Tacoma International airports. The fuel, equivalent to around 95,000 tonnes of jet fuel, is worth roughly USD15 million, according to Reuters calculations.
It comes at a time when traders are struggling to store huge excess quantities of aviation fuels with global flights dropping sharply in response to coronavirus-linked travel restrictions.
BP is providing free fuel to emergency workers in several countries including Britain, Spain and Turkey.
We also remind that, in September 2019, six world's major petrochemical companies in Flanders, Belgium, North Rhine-Westphalia, Germany, and the Netherlands (Trilateral Region) announced the creation of a consortium to jointly investigate how naphtha or gas steam crackers could be operated using renewable electricity instead of fossil fuels. The Cracker of the Future consortium, which includes BASF, Borealis, BP, LyondellBasell, SABIC and Total, aims to produce base chemicals while also significantly reducing carbon emissions. The companies agreed to invest in R&D and knowledge sharing as they assess the possibility of transitioning their base chemical production to renewable electricity.
Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 383,760 tonnes in the first two month of 2020, up by 14% year on year. High density polyethylene (HDPE) and linear low density polyethylene (LLDPE) shipments increased due to the increased capacity utilisation at ZapSibNeftekhim. At the same time, PP shipments to the Russian market were 192,760 tonnes in January-February 2020, down by 6% year on year. Homopolymer PP accounted for the main decrease in imports.
BP is one of the world's leading international oil and gas companies, providing its customers with fuel for transportation, energy for heat and light, retail services and petrochemicals products for everyday items.
MRC