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MOSCOW (MRC) -- Croatia's Rijeka
refinery will be optimizing its operations from November "for a few months" and
during that period will "perform regular technological activities at process
units such as catalyst regeneration and preparation of these plants for the new
processing cycle in 2021 through regular maintenance work," reported S&P Global with reference to the
company's statement late October 7.
Earlier local media reported
that the refinery will temporarily halt production between November and January
due to reduced demand caused by the spring lockdown and a weak tourist season.
The company is not considering the closure of the refinery, and is
continuing with the heavy residue upgrade, which includes building a delayed
coker.
The company confirmed that it will continue "and if possible
accelerate, work on our strategic Residue Upgrade project and the implementation
of other capital projects that can be done only when the units are partially out
of operation."
As MRC wrote previously,
Croatia’s oil and gas firm INA said in July 2020 it aims to invest 250 million
euros (USD282.4 million) to build a biorefinery in the central town of Sisak to
help reduce its carbon footprint. The company, whose biggest shareholders are
Hungary’s energy group MOL and the Croatian government, has applied for
strategic project approval at Croatia’s ministry of economy and
entrepreneurship. It is also seeking European Union funding, as the bloc of
which Croatia and Hungary are members, aspires to cut emissions to zero by
2050.
Ethylene and propylene are feedstocks for producing polyethylene
(PE) and polypropylene (PP).
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. |
