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MOSCOW (MRC) -- PTT Global Chemical
(PTTGC; Bangkok, Thailand) has awarded Samsung Engineering a USD127-MM EPC
contract to modify the Map Ta Phut olefins complex in Thailand, according to Hydrocarbonprocessing.
Samsung"s scope is to increase the throughput of propane for the
production of propylene by building propane-propylene split and distillation
towers and modify the current facilities.
The project is scheduled to be
completed by 2023. According to Business Korea, Samsung Engineering is currently
carrying out two plant projects of PTT GC - the Olefin Project and the Propylene
Oxide Project.
As MRC informed
earlier, in November 2020, PTT Global Chemical said that its planned 1.5-million
metric tons/year steam cracker project at Belmont County, Ohio, remained the top
priority for its affiliate PTTGC America (PTTGCA). The company said that the
project had not at any point been put on hold. In September 2020,
PTTGC signed an ethane supply agreement with Range Resources Corp. (Forth
Worth, Texas). Range will supply 15,000 b/d of ethane to a facility that
includes a cracker with ethane feed capacity of 100,000 b/d and multiple
facilities for creating ethylene derivative products.
Ethylene and
propylene are feedstocks for producing polyethylene (PE) and polypropylene
(PP).
According to
MRC"s ScanPlast report, Russia"s estimated PE consumption totalled 2,220,640
tonnes in 2020, up by 2% year on year. Only shipments of low density
polyethylene (LDPE) and high density polyethylene (HDPE) increased. At the same
time, polypropylene (PP) shipments to the Russian market reached 1 240,000
tonnes in 2020 (calculated using the formula: production, minus exports, plus
imports, excluding producers" inventories as of 1 January, 2020). Supply of
exclusively PP random copolymer increased.
PTT Global Chemical is a
leading player in the petrochemical industry and owns several petrochemical
facilities with a combined capacity of 8.45 million tonnes a year. |
