capital expenditure
Honan Petrochemical Corp. has signed a MOU with Krakatau Steel for a land in Cilegon, Indonesia to build a new naphtha cracker and downstream units. The feasibility study of the project has started and would include: 1 million t/y Ethylene 550,000 t/y Propylene 600,000 t/y Polyethylene (PE) 600,000 t/y Polypropylene (PP) 700,000 t/y Monoethylene Glycol […]
Bangkok: Thaioil Plc has confirmed to launch the design of a 100,000 t/y Linear Alkyl Benzene (LAB) facility in Si Racha, Chonburi District, Thailand The estimated capital expenditure is around $300 million for a completion planned in 2016. For more information and data about oil and gas and petrochemical projects go to Project Smart Explorer
Samsung Total Petrochemicals, the Joined Venture between Samsung General Chemicals and Total Petrochemicals, has selected the LyondellBasell Lupotech T process technology for their co-polymer project in Daesan, South Korea. Key features of Lupotech T technology include low manufacturing and investment costs, fast start-up and grade changes, high on-stream factor and capacities of up to 450 KT per […]
Definition: “Olefin” is the common name given by the “Petrochemical” industry to the Alkene chemical products. The “Olefins” are classified in two families, the: “Monoolefins“, such as the “Ethylene” and “Propylene“ “Diolefins“, such as the “Butadiene” and the “Isoprene“ Comments: As we can see from the diagram above, the “Olefins” may be produced through a steam”Cracker” […]
Qatar Petroleum International, a QP’s subsidiary, has joined the partners for the Petrochemical complex, to be built in the Long Son Island in Vietnam. In the Joined Venture are also involved PetroVietnam, Vinachem, Siam Cement Group (SGC), Thai Plastic and Chemicals. This project will be located closed to the second refinery and will use a […]
According to an interview of Mr Fu Chengyu, who became chairman of Sinopec‘s parent in April, to Bloomberg, Sinopec is considering to sell its chemical assets in the next five years in order to finance its overseas development. Benchmarking the Majors like ExxonMobil or Shell, Sinopec wants to balance it Upstream activities and Downstream business. With profitability […]
TAQA, the Abu Dhabi National Energy Company, UAE, has announced to increase capital expenditures from $1.9 billion in 2011 to $2.2 billion in 2012. These investments will go to expend on going projects in Western Canada, North Sea, Netherlands, Morocco and Ghana. TAQA’s Oil & Gas operations are located in North America, UK and the […]
After benchmarking the USA who should become a net gas exporter in 2012 for the first time in their history, China has learnt the lesson very fast and decided to develop their reserves of shale gas on fast track to reduce their energy dependency. The fact is that China hosts 19% of the global reserves of shale […]
