MOSCOW (MRC) -- Ineos Olefins & Polymers USA (INEOS) and Sasol broke ground today on their much anticipated high density polyethylene (HDPE) manufacturing joint venture at the Ineos Battleground Manufacturing Complex in La Porte, Texas, on 5 December, reported Ineos on its site.
"This important step, among many, is a celebration of the efforts of Ineos and Sasol, and their respective teams, to realize the vision of a world-scale asset, facilitated by leading bimodal technology, for integration into both partners’ upstream and downstream business platforms. This project represents not only a commitment to the bimodal HDPE market, but also a significant investment in the community in which the facility will operate," said Dennis Seith, CEO of Ineos Olefins & Polymers USA.
"We are delighted to be moving ahead on this important project which supports our North American growth strategy," said Fleetwood Grobler, executive vice president of Sasol’s global chemicals business. "This state-of-the-art facility will be ideally located close to our existing and future ethane cracker and derivatives complex in Southwest Louisiana."
The facility will produce 470,000 tonnes per annum of bimodal HDPE using Innovene S process technology licensed from Ineos Technologies. The intention is to produce alimited number of grades allowing high grade efficiencies.
Ineos will operate the 50/50 Joint Venture. Start-up of the plant is expected in 2016.
As MRC informed earlier, in August 2014, KBR was awarded a contract from Ineos and Sasol to provide engineering, procurement, and construction (EPC) services for an HDPE facility to be located at Ineos' Battleground complex in La Porte, Texas.
Sasol Limited is an integrated energy and chemical company based in Johannesburg, South Africa. It develops and commercialises technologies, including synthetic fuels technologies, and produces different liquid fuels, chemicals and electricity.
Ineos is a global manufacturer of petrochemicals, speciality chemicals and oil products. It comprises 15 businesses each with a major chemical company heritage. Its production network spans 51 manufacturing facilities in 11 countries throughout the world.
MRC
MOSCOW (MRC) -- Flint Hills Resources has begun the construction phase of a project that will enable its Corpus Christi West refinery to process more domestic crude into transportation fuels, as per Hydrocarbonprocessing.
This project, named Project Eagle Ford, is expected to cost around USD600 million, require around 2,000 contractors and be completed in 36 months.
In May, Flint Hills Resources received permits for the project from the US Environmental Protection Agency and the Texas Commission on Environmental Quality. Internal board approval was received in September.
"In addition to being able to process more domestic crude, this project will also enable us to reduce our criteria air emissions by using best available control technologies and other emission reduction strategies," said Valerie Pompa, vice president for Flint Hills Resources Corpus Christi.
The current capacity of the West refinery is about 230,000 bpd. After the project is complete, it will have the capability to process 100% domestic crude.
As MRC wrote before, Flint Hills Resources, LLC announced it is moving forward with a significant expansion of its chemicals business with the completion of its acquisition of PetroLogistics LP and its general partner, PetroLogistics GP LLC. The USD2.1 billion transaction is the largest in the company’s history.
Flint Hills Resources, through its subsidiaries, is a leading refining, biofuels and chemicals company. Its subsidiaries market products such as gasoline, diesel, jet fuel, ethanol, biodiesel, olefins, polymers and intermediate chemicals, as well as base oils and asphalt.
MRC
MOSCOW (MRC) -- Shanghai Petrochemical has restarted its No.2 MEG plant following a maintenance turnaround, reported Apic-online.
A Polymerupdate source in China informed that the plant resumed production on December 3, 2014. It was shut for a maintenance turnaround on October 17, 2014.
Located in Jinshan, Shanghai, the No.2 MEG plant has a production capacity of 380,000 mt/year.
We remind that, as MRC wrote before, Nan Ya Plastics restarted its No 3 MEG plant in Taiwan on November 3, 2014. It was under a month-long maintenance turnaround. Located in Mailiao, Taiwan, the plant has a production capacity of 360,000 mt/year.
Besides, Xinjiang Tianye Group started up a new MEG plant in China in August 2014. Located in Xinjiang province, China, the plant has a production capacity of 250,000 mt/year.
MRC