MOSCOW (MRC) -- Royal Dutch Shell, the world's petrochemical major, has restarted its cracker in Pulau Bukom, Singapore after resolving technical issue, according to CommoPlast.
Thus, this cracker with an annual output of 960,000 tons/year of ethylene and 550,000 tons/year of propylene came back on-line on 5 November, 2021. It was shut on 1 November, after a flare occurred at the plant.
The company was earlier rumored to have reduced the ethylene and propylene allocations to its downstream buyers at the adjacent locations following the incident, however, with the prompt restart, the impact might be smaller than initially expected.
As MRC reported earlier, Royal Dutch Shell plans to reduce its refining and chemicals portfolio by more than half, it said in July 2020 without giving a precise timeframe. The move is part of the Anglo-Dutch company's plan to shrink its oil and gas business and expand its renewables and power division to reduce greenhouse gas emissions sharply by 2050.
Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,868,160 tonnes in the first nine months of 2021, up by 18% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market were 1,138,510 tonnes in January-September 2021, up by 30% year on year. Supply of propylene homopolymer (homopolymer PP) and block-copolymers of propylene (PP block copolymers) increased, whereas supply of injection moulding statistical copolymers of propylene (PP random copolymers) decreased significantly.
Royal Dutch Shell plc is an Anglo-Dutch multinational oil and gas company headquartered in The Hague, Netherlands and with its registered office in London, United Kingdom. It is the biggest company in the world in terms of revenue and one of the six oil and gas "supermajors". Shell is vertically integrated and is active in every area of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading.
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