After the recent spike in oil price, petchem business is facing challenges. Due to poor economics, SABIC Europe is closing down two UK aromatics units at North Tees, near Seal Sands, and the paraxylene plant at Wilton, near Redcar.
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Energy singularity means a point where our source of energy is almost infinite, coming from the renewable sources and completely accessible to everyone on the planet.
Showing posts with label SABIC. Show all posts
Showing posts with label SABIC. Show all posts
12 August 2008
20 July 2008
SABIC Europe Butadiene Unit on Force Majeure
SABIC Europe has declared force majeure on butadiene supply as its Geleen butadiene (BD) unit in Netherlands with the chemical plant operating rates reduced due to technical issue.
The butadiene unit has a capacity of 130,000 tonne/year butadiene extraction.
Butadiene supply gets major cut due to at least two other cases of butadiene forces majeures in other plants at LyondellBasell’s Wesseling, Germany, unit and the other at INEOS Olefins’ Cologne, Germany, site.
Butadiene is currently under extremely tight supply due to recent production issues, combined with strong demand both domestically and abroad pushing the price to record high.
The butadiene unit has a capacity of 130,000 tonne/year butadiene extraction.
Butadiene supply gets major cut due to at least two other cases of butadiene forces majeures in other plants at LyondellBasell’s Wesseling, Germany, unit and the other at INEOS Olefins’ Cologne, Germany, site.
Butadiene is currently under extremely tight supply due to recent production issues, combined with strong demand both domestically and abroad pushing the price to record high.
10 February 2008
SABIC & Sinopec in Joint Venture for Tianjin Ethylene Derivatives Plant
SABIC and Sinopec had announced their collaboration by signing a Heads of Agreement (HoA) between the two companies for development of a 1 mil tonne per year capacity of ethylene derivatives chemical plant in Tianjin, China. It will be a 50:50 joint venture investment for production of 600 ktpa of polyethylene (PE) and 400 ktpa of ehtylene glycol (EG) chemical plants.
The feedstock for the downstream derivatives will be supplied from a cracker by Tianjin Petrochemical. Completion of the project is expected to be by Q4 2009 with investment cost of $1.7 billion.
The collaboration is the first SABIC's joint venture in China, a step that is seen will be a stepping stone for an even more agressive move towards establishing a petrochemical base in China from SABIC.
The feedstock for the downstream derivatives will be supplied from a cracker by Tianjin Petrochemical. Completion of the project is expected to be by Q4 2009 with investment cost of $1.7 billion.
The collaboration is the first SABIC's joint venture in China, a step that is seen will be a stepping stone for an even more agressive move towards establishing a petrochemical base in China from SABIC.