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MOSCOW (MRC) -- Total SA’s Port Arthur,
Texas, refinery is operating at about 60% of its 225,500-barrel-per-day (bpd)
capacity, said sources familiar with plant operations, said Hydrocarbonprocessing.
The
refinery is running at reduced capacity because of the loss of demand during the
coronavirus pandemic, the sources said.
As MRC informed earlier,
Total Petrochemicals, Europe’s third largest producer of crude oil, announced an
increase in polypropylene (PP) prices for US shipments in August. So, the price
increase will come into force on 1, August of the current year and will be
3 cents per pound or USD66/tonne, or according to the terms of current
contracts.
According to MRC's ScanPlast report, PP
shipments to the Russian market was 457,930 tonnes in January-May 2020
(calculated by the formula production minus export plus import). Deliveris of
exclusively PP random copolymer increased.
Total S.A. is a French
multinational oil and gas company and one of the six "Supermajor" oil companies
in the world with business in Europe, the United States, the Middle East and
Asia. The company's petrochemical products cover two main groups: base chemicals
and the consumer polymers (polyethylene, polypropylene and polystyrene) that are
derived from them. |
