London +4420 814 42225
Moscow +7495 543 9194
Kiev +38044 599 2950

Our Clients

Order Informer

Home > News >

Occidental Petroleum plans to construct bio-ethylene plant

May 19/2021

MOSCOW (MRC) -- Occidental Petroleum's low-carbon unit said on Tuesday 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, plans to resume caustic soda, chlorine production in Convent, Louisiana, USA on May 3. OxyChem in the United States is reopening its 350,000 tonnes of chlorine and 392,000 tonnes of caustic soda plant in Convention, Louisiana after a year of downtime. The plant was closed for commercial reasons in the second quarter of 2020. According to market sources, due to the increased supply of chlorine, it is being restarted.

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 576,270 tonnes in the first three month of 2021, up by 4% year on year. Low density polyethylene (LDPE) and high density polyethylene (HDPE) shipments increased. At the same time, PP shipments to the Russian market totalled 410,890 tonnes in January-March 2021, up by 56% year on year. Supply of homopolymer PP and PP block copolymers increased.
Author:Anna Larionova
Tags:bioplastics, petroleum products, PE, ethylene, biodizel, OxyChem.
Category:General News
| More

Leave a comment

MRC help


 All News   News subscribe