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Petronas restarts No. 2 methanol unit

June 23/2020

MOSCOW (MRC) -- Petronas Chemical Group (PCG) is in plans to bring on-stream its No. 2 Methanol unit following a turnaround, as per Apic-online.

A Polymerupdate source in Malaysia informed that, the company is likely to resume operations at the unit on June 22, 2020. The unit was shut for maintenance on June 7, 2020.

Located at Labuan in Malaysia, the unit has a production capacity of 1.7 million mt/year.

As MRC wrote before, in early May, 2020, Petronas Chemicals (Kuala Lumpur), Malaysias leading petrochemicals player, reported a drop in first-quarter sales and earnings citing the coronavirus disease 2019 (COVID-19) pandemic. The sharp decline in petrochemical product prices following the outbreak of COVID-19, the deepening industry downcycle as crude oil prices collapsed due to the OPEC+ fallout, and the recessionary global economic outlook have hurt results, the company says.

We remind that PRefChem, owned by Petronas and Saudi Aramco (50:50), received commercial ethylene and propylene at its new cracker in Pengerang (Malaysia,) on 13 September, 2019.

Petronas, short for Petroliam Nasional Berhad, is a Malaysian oil and gas company wholly owned by the Government of Malaysia. The Group is engaged in a wide spectrum of petroleum activities, including upstream exploration and production of oil and gas to downstream oil refining; marketing and distribution of petroleum products; trading; gas processing and liquefaction; gas transmission pipeline network operations; marketing of liquefied natural gas; petrochemical manufacturing and marketing; shipping; automotive engineering; and property investment.

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 firs 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.
Author:Margaret Volkova
Tags:PP, PE, LLDPE, PP random copolymer, propylene, LDPE, ethylene, gas processing, petrochemistry, Petronas, Saudi Aramco, Malaysia, Rossiya.
Category:General News
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