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US weekly refinery capacity utilisation grows to highest since February 2020

June 07/2021

MOSCOW (MRC) -- US weekly refinery utilisation rates increased to 88.7% last week, which is the highest level since February 2020, reported Reuters with reference to US Energy Information Administration data released.

Midwest weekly refinery utilization rates grew to 91.5%, also the highest since February 2020, the data showed.

As MRC informed earlier, Royal Dutch Shell is selling its 90,000 barrel-per-day (bpd) Mobile, Alabama refinery to specialty refiner Vertex Energy for USD75 million plus the cost of hydrocarbon inventory. Shell and Vertex will have crude supply and product offtake agreements, according to the companies.

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 744,130 tonnes in the first four month of 2021, up by 4% year on year. Shipments of all PE grades increased. At the same time, PP deliveries to the Russian market were 523,900 tonnes in January-April 2021, up by 55% year on year. Supply of homopolymer PP and PP block copolymers increased, whereas shipments of PP random copolymers decreased.
Author:Margaret Volkova
Tags:PP, PE, crude and gaz condensate, PP block copolymer, homopolymer PP, PP random copolymer, propylene, ethylene, petrochemistry, Shell, Russia, USA.
Category:General News
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