MOSCOW (MRC) -- China’s Bora LyondellBasell Petrochemical, a JV between the privately owned Bora Enterprise Group and the world's petrochemical major - LyondellBasell, has started up its new steam cracker at the Panjin complex in northeast China last week, reported S&P Global.
The steam cracker, when fully operational, is able to produce up to 1 mln mt/year of ethylene.
Some downstream plants at the Panjin complex also started up on the same day. They include a 350,000 mtyear high density polyethylene (HDPE) unit, a 450,000 mtyear linear low density polyethylene (LLDPE)/HDPE swing plant and a 350,000 mtyear styrene monomer (SM) plant.
Meanwhile, trade participants are closely monitoring Bora LyondellBasell Petrochemical's new 600,000 mt/year new polypropylene (PP) plant status in Northeast China.
As MRC informed earlier, LyondellBasell has already invests in several chemical plants in China, including a joint venture with a unit of state refiner Sinopec Corp.
Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).
According to MRC's DataScope report, PE imports to Russia dropped in January-June 2020 by 7% year on year to 328,000 tonnes. High density polyethylene (HDPE) accounted for the main decrease in imports. At the same time, PP imports into Russia rose in the first six months of 2020 by 21% year on year to 105,300 tonnes. Propylene homopolymer (homopolymer PP) accounted for the main increase in imports.
Bora is one of more than 40 independent Chinese refiners that have grown rapidly since late 2015 to account for a fifth of China’s total crude oil imports.
LyondellBasell is one of the largest plastics, chemicals and refining companies in the world. Driven by its 13,000 employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, and improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road. LyondellBasell sells products into approximately 100 countries and is the world's largest licensor of polyolefin technologies.
MRC