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Fire at Petrobras refinery leaves facility operating at half capacity

June 17/2020

MOSCOW (MRC) -- Brazil state-controlled oil Petroleo Brasileiro SA said that a fire at its Duque de Caixas refinery left the facility operating with only half of its installed capacity, said Hydrocarbonprocessing.

But Petrobras, as the company is known, said in an email late on Monday that the fire would not affect deliveries, helped by its inventory. The company also did not provide a date on when production will return to normal levels.

As MRC informed earlier, the chief executive of Brazilian state-run oil firm Petroleo Brasileiro said in December 2019 he wants to sell the company's stake in petrochemical company Braskem within 12 months.

Besides, Braskem is no longer pursuing a petrochemical project, which would have included an ethane cracker, in West Virginia. And the company is seeking to sell the land that would have housed the cracker. The project, announced in 2013, had been on Braskem's back burner for several years.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 721,290 tonnes in the first four month of 2020, up by 4% year on year. Low density polyethylene (LDPE) and linear low density polyethylene (LLDPE) shipments grew partially because of the increased capacity utilisation at ZapSibNeftekhim.  At the same time, PP shipments to the Russian market totalled 347,440 tonnes in January-April 2020 (calculated by the formula production minus export plus import). Supply exclusively of PP random copolymer increased.

Headquartered in Rio de Janeiro, Petrobras is an integrated energy firm. Petrobras' activities include exploration, exploitation and production of oil from reservoir wells, shale and other rocks as well as refining, processing, trade and transport of oil and oil products, natural gas and other fluid hydrocarbons, in addition to other energy-related activities.


mrcplast.com
Author:Anna Larionova
Tags:PP, PE, ethylene, propylene, petrochemistry, Petrobras.
Category:General News
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