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Occidental Petroleum plans to construct bio-ethylene plant

April 09/2021

MOSCOW (MRC) -- Occidental Petroleum's low-carbon unit said it plans to construct and operate a pilot plant that would use human-made carbon dioxide, instead of hydrocarbon-sourced feedstocks, to produce bio-ethylene, said Hydrocarbonprocessing.

The pilot plant will be jointly developed by Occidental's venture capital arm, Oxy Low Carbon Ventures LLC, and bio-engineering startup, Cemvita Factory. It is expected to start functioning in 2022. Bio-ethylene is currently made from bio-ethanol, which is made from sugarcane.

The new technology produces bio-ethylene from carbon dioxide, water and light, which helps lower costs and carbon emissions, Cemvita's Chief Executive Officer Moji Karimi said. Ethylene, widely used in the chemical industry, is a component of products ranging from plastic films to PVC piping and coolants.

Interest in low-carbon initiatives has grown in recent years, ranging from companies seeking to offset their climate impact to public officials worried about the slow pace of international agreements to cut emissions.

Oxy Low Carbon Ventures in 2019 had invested in Cemvita to look at bio-manufacturing for Occidental's chemical unit.

As per MRC, OxyChem, a subsidiary of Occidental Petroleum Corporation (OXY), a major international petrochemicals manufacturer, resumed production of caustic soda, chlorine and VCM in Corpus Christi, Louisiana, USA, which had previously been closed due to a winter storm. This production with a capacity of 678,000 tonnes/year of caustic soda, 605,000 tonnes/year of chlorine per year was closed in mid-February due to severe frosts in the region.

According to MRC ScanPlast, March production of unmixed PVC in Russia was 90,200 tonnes from 79,400 tonnes a month earlier, all producers increased capacity utilisation in March. Total PVC production in Russia reached 259,400 tonnes in January - March 2021 against 266,900 tonnes a year earlier, a decrease in production volumes was seen from all producers.


mrcplast.com
Author:Anna Larionova
Tags:vinilhlorid, liquid caustic soda, kausticheskaya soda, PVH, EPVC, PVC paste, SPVC, rigid caustic soda, OxyChem, Russia, USA.
Category:General News
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