MOSCOW (MRC) -- Cepsa it is carrying out a routine maintenance at one of its two crude units at the San Roque refinery, without specifying which unit, said S&P Global.
The outage would last several days, the company said, without elaborating. The crude 1 unit can process 120,000 boe/d and crude 3 can process 135,000 boe/d, according to company data. The refinery's output has been adjusted to account for lower demand levels in the country due to COVID-19 industrial and travel restrictions.
As MRC informed earlier, Cepsa and Cosmo have signed a memorandum of understanding (MOU) to study new business opportunities in the lubricants market, both in Spain and Japan and internationally. The agreement covers potential synergies in the production of lubricants and coolants, the exchange of technology and formulations, and the search for possible partnerships in the marketing of these products, to increase their efficiency. The alliance also reflects both companies' interest in reaching an agreement to manufacture and supply lubricants and coolants on behalf of the other company, under the Cepsa or Cosmo trademark.
As MRC reported before, Cepsa Quimica plans to shut China phenol/acetone plant in 18 June.
Phenol is the main raw material component for the production of bisphenol A (BPA), which, in turn, is used to produce polycarbonate (PC).
According to MRC's ScanPlast report, overall estimated consumption of PC granules totalled 12,600 tonnes in the Russian market in January-February 2020 (excluding imports and exports to/from Belarus), compared to 9,600 tonnes a year earlier. Demand increased by 31%.
Cepsa is a Spanish petrochemical company. Full name Compania Espanola de Petroleos S.A. The headquarters of the company is located in Madrid. Refining is one of CEPSA's core business areas. The production of asphalt and other road surfaces is another of the company's core business areas; nine CEPSA plants are engaged in the production of these products.
MRC