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Two new PP and PE plants in China achieved on-spec cargoes

September 11/2020

MOSCOW (MRC) -- Two newly constructed plants in China have achieved on specification polypropylene (PP) and polyethylene (PE) cargoes following a trial run throughout the month of August 2020, reported CommoPlast.

These companies are stabilizing rates, from which players are expecting more steady quantities in the near-term.

The first company, Liaoning Baolai Petrochemical Co Ltd (Bora Petrochemical) - a 50:50 joint venture between LyondellBasell and Baolai Group. The company has been offering off-grade PP and PE cargoes in August and the first on-spec parcels emerge this week. Bora Petrochemical owns two PP lines with a combined capacity of 600,000 tons/year, a 350,000 tons/year high density polyethylene (HDPE) unit and a 450,000 tons/year linear low density polyethylene (LLDPE) unit.

The second company, Zhongke Refinery and Petrochemical has also offered prime grade homo-PP cargoes this week after much struggling to stabilize the units in August. The two PP lines with a combined production capacity of 550,000 tons/year are slated to enter commercial production by the second half of September 2020.

As MRC informed previously, Chinas Bora LyondellBasell Petrochemical, a JV between the privately owned Bora Enterprise Group and the world's petrochemical major - LyondellBasell, started up its new steam cracker at the Panjin complex in northeast China in early August, 2020. The steam cracker, when fully operational, is able to produce up to 1 mln mt/year of ethylene.

According to MRC's ScanPlast report, Russia's overall PE production totalled 1,712,400 tonnes in the first seven months of 2020, up by 58% year on year. Linear low density polyethylene (LLDPE) accounted for the greatest increase in the output. At the same time, overall PP production in Russia increased in January-July 2020 by 24% year on year to 1,063,700 tonne. ZapSibNeftekhim accounted for the main increase in the output.
Author:Margaret Volkova
Tags:PP, PE, LLDPE, homopolymer PP, HDPE, Bora LyondellBasell Petrochemical, Liaoning Bora Petrochemical, LyondellBasell, China, Russia.
Category:General News
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