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MOSCOW (MRC) -- Air Products announced
it has signed a long-term gas supply contract with Shandong Binhua New Material
Co., Ltd. (Binhua), a subsidiary of Befar Group, which is a leading petroleum
and chemical enterprise in China, to support Binhua’s flagship chemical project
located in the Beihai Economic Development Zone of Binzhou City, Shandong
Province, China, reported Hydrocarbonprocessing.
Under the contract, Air Products will build, own and operate several
onsite gas production facilities in the Binzhou Port-centered Chemical Industry
Park in phases, including an energy-efficient air separation unit (ASU), to meet
Binhua’s gaseous oxygen and nitrogen demand. The ASU will also provide liquid
products to other customers in the park and the growing merchant market in
Shandong Province. All facilities will be fully operational in 2022.
“Befar Group is one of the most influential chemical companies in China.
We are honored by the trust our customer has placed in Air Products to support
their important project. We look forward to deepening the cooperation with them
as they accelerate their expansion plans and business transformation,” said Saw
Choon Seong, China president at Air Products. “We have already established a
strong presence in the strategic industry clusters in Shandong Province. Our
latest investment will further strengthen our integrated gases supply position
to support the rapid development of this world-class park in Binzhou as well as
the transformation and upgrading of the chemical industry under China’s 14th
Five-Year Plan.”
"We are very pleased to work with such a
world-leading industrial gases company. The successful signing of this contract
gives us great confidence that our cooperation with Air Products will continue
to expand in the long run," commented Jiang Sen, President of Befar Group.
Taking advantage of Beihai Economic Development Zone’s industrial
development, geographical location and natural resources, the high-end Binzhou
Port-centered Chemical Industry Park has already attracted several major
chemical companies, including Binhua. Binhua’s RMB 51.5 billion yuan (USD 7.5
billion) two-phase propane and butane integrated utilization project involves
world-leading technologies and green production and will comply with China’s
latest environmental regulations. Air Products’ highly energy-efficient
facilities will supply reliable gases to this project for producing a variety of
chemical materials for use in high-growth new materials and new energy
products.
As MRC informed earlier,
China's Shandong Befar resumed production at its No. 1 an
3 propylene oxide lines in Binzhou City (Binzhou, Shandong Province,
China) on June 28, 2020, following a scheduled maintenance. The
turnaround at these lines with a total capacity of 200,000 mt/year of
propylene oxide began on June 14, 2020.
Propylene is the
main feedstock for the production of polypropylene
(PP).
According to MRC's DataScope report,
PP imports into Russia increased by 21% year on year to about 202,000 tonnes in
the first eleven months of 2020. Propylene homopolymer (homopolymer PP)
accounted for the main increase in imports.
Air Products has been
operating in China since 1987 and was one of the first multinational industrial
gases corporations to invest in the country. With nearly 90 operating entities,
over 200 production facilities and more than 4,000 employees, the company has
already established a strong market position across China and serves a broad
range of industries. In Shandong Province, Air Products has built a strong
presence and supply network since its first investment in 1995, comprising
several operating entities, production facilities, hydrogen fueling stations and
engineering design capability. |
