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MOSCOW (MRC) -- China's Nanjing Yangzi
Petrochemical Rubber, part of Sinopec Group, shut its 100,000 mt/year
butadiene-rubber unit and 100,000 mt/year styrene-butadiene-rubber plant in
Jiangsu province Jan. 12 following a fire at the petrochemical complex,
reported S&P Global with
reference to a source with direct knowledge of the matter's statement Jan.
13.
The fire was extinguished on Jan. 12, according to the
source.
The rubber plants may remain shut for two to three months, the
source said, but this could not be officially confirmed with the
company.
As MRC informed earlier,
Sinopec Corp's Qilu refinery resumed operations after a more than
three-month overhaul of its 160,000 barrels per day (bpd) crude processing
facility, according to the
company's statement on 17 December, 2020. The refinery, based in China's
oil refining hub Shandong province, has total crude oil processing capacity of
13 million tonnes per year, or 260,000 bpd.
Butadiene is the main
feedstock for the production of acrylonitrile-butaiene-styrene
(ABS).
According to ICIS-MRC Price
report, ABS imports into Russia rose in the first eleven months of 2020
by 2% year on year to 32,000 tonnes from 31,300 tonnes a year earlier. South
Korean shipments accounted for 62% (19,900 tonnes) in January-November 2020
versus the share of 58% (18,200 tonnes) a year earlier.
China
Petrochemical Corporation (Sinopec Group) is a super-large petroleum and
petrochemical enterprise group established in July 1998 on the basis of the
former China Petrochemical Corporation. Sinopec Group"s key business activities
include the exploration and production of oil and natural gas, petrochemicals
and other chemical products, oil refining. |
