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RELEASED ON 29/05/13 (DD/MM/YY)
Shell Nederland Chemie (SNC) has declared an internal force majeure on supplies of styrene monomer (SM) from its plant in the Netherlands.
A Polymerupdate source in the Netherlands informed that the force majeure has been declared on SM supplies to Shell Chemicals Europe (SCE) as of May 17, 2013. The FM has been attributed to technical problems at the company's SM plant.
No impact is foreseen on deliveries for May 2013 to the company's customers. Located in Moerdijk, the Netherlands, the plant has a production capacity of 450,000 mt/year.
SOURCE Polymer Update
Shell Nederland Chemie (SNC) has declared an internal force majeure on supplies of styrene monomer (SM) from its plant in the Netherlands.
A Polymerupdate source in the Netherlands informed that the force majeure has been declared on SM supplies to Shell Chemicals Europe (SCE) as of May 17, 2013. The FM has been attributed to technical problems at the company's SM plant.
No impact is foreseen on deliveries for May 2013 to the company's customers. Located in Moerdijk, the Netherlands, the plant has a production capacity of 450,000 mt/year.
SOURCE Polymer Update
RELEASED ON 27/05/13 5DD/MM/YY)
INEOS Barex AG, a Switzerland-based supplier of polyacrylonitrile co-polymers, has entered into an agreement to acquire the Polyacrylonitriles business including PAN resin and Zexlon(TM) film from Mitsui Chemicals Inc., a Japan-based chemicals company.
The agreement allows Mitsui to secure a long term supply of polyacrylonitrile for its current customers.
On completion of the transaction, INEOS will take over responsibility for sales and marketing to all Mitsui PAN resin and Zexlon(TM) film customers and will work closely with them to obtain necessary approvals and make the transition to INEOS products.
Mitsui production will be continued for sufficient time for approvals to transition to INEOS products. The transaction comprising the sales, marketing, and supply of PAN resin and Zexlon(TM) film is expected to be completed on August 1, 2013.
SOURCE Market Line
INEOS Barex AG, a Switzerland-based supplier of polyacrylonitrile co-polymers, has entered into an agreement to acquire the Polyacrylonitriles business including PAN resin and Zexlon(TM) film from Mitsui Chemicals Inc., a Japan-based chemicals company.
The agreement allows Mitsui to secure a long term supply of polyacrylonitrile for its current customers.
On completion of the transaction, INEOS will take over responsibility for sales and marketing to all Mitsui PAN resin and Zexlon(TM) film customers and will work closely with them to obtain necessary approvals and make the transition to INEOS products.
Mitsui production will be continued for sufficient time for approvals to transition to INEOS products. The transaction comprising the sales, marketing, and supply of PAN resin and Zexlon(TM) film is expected to be completed on August 1, 2013.
SOURCE Market Line
RELEASED ON 29/05/13 (DD/MM/YY)
BASF and SINOPEC are considering the extension of their Nanjing joint venture BASF-YPC Company Limited with the expansion of existing ethylene oxide (EO) production, and a new plant for neopentylglycol (NPG). BASF-YPC will further expand its acrylic acid value chain with additional acrylic acid and butyl acrylate plants. Production is expected to commence in 2014.
Together with the superabsorbent polymer (SAP) plant, now under construction and also expected to begin production in 2014, BASF-YPC Company will enhance its support to the home care and hygiene industries as well as the coatings, textiles, and construction industries.
“With expanded production of important basic chemicals including NPG and EO, our new world-scale acrylic acid facility, and our butyl acrylate and SAP plants, BASF can further strengthen its production base in the C2 and C3 value chains. These are the starting points for the full range of innovative solutions we offer to nearly every industry. This underlines our confidence in the development of the Asia Pacific and China markets,” said Dr. Albert Heuser, President Greater China and Functions Asia Pacific, BASF.
“With the strengthened cooperation of our joint venture, Sinopec and BASF will satisfy demand for high-quality fine chemicals that can enhance the quality of life for ordinary people. At the same time, the two companies have fully utilized their strengths in resources, technology, talent, market and management, strengthening the core competitiveness of both partners. With this cooperation, Sinopec and BASF have achieved a win-win result and will create further value,” said Mr. Chang Zhenyong, Vice Chief Engineer of Sinopec and Director General of Sinopec Chemical Division.
The partners are considering an expansion of the site’s ethylene oxide unit, which has an existing capacity of 330,000 metric tons per year. EO is a basic chemical mainly used for the production of ethylene glycol, and also for the production of surfactants for washing and cleaning agents, and as a raw material for the production of ethanolamines, glycol ethers and polyurethanes.
Additionally under consideration is a new neopentylglycol unit. NPG is a unique polyalcohol offering superior performance advantages in many end-use applications, due to its high chemical and thermal stability. It is mainly used as a building block in polyester resins for coatings, unsaturated polyesters, lubricants and plasticizers. As the global market leader for NPG, BASF is the only company in the world that has production facilities in Europe, North America, and Asia. As its production benefits from backward integration, BASF offers its customers high delivery reliability.
“We see great market potential in China and the region for these products. These state-of-the-art plants in Nanjing will further strengthen our Verbund site,” said Dr. Stephan Kothrade, President, BASF-YPC Company.
BASF-YPC broke ground on its superabsorbent polymers plant in May 2012. The facility will have a capacity of 60,000 metric tons per year. Superabsorbent polymers are materials with the capability to absorb and hold up to 500 times of their own weight in liquid even under pressure. The product is used in form of a white grainy powder, mainly to manufacture baby diapers and adult incontinence and feminine hygiene products.
Acrylic acid is an important precursor for the production of superabsorbent polymers. Butyl acrylate, one of the esters of acrylic acid, is used to produce adhesive and surface coating raw materials.
BASF-YPC Company Limited is a 50-50 joint venture formed in 2000 between BASF and SINOPEC
SOURCE Newswire Today
BASF and SINOPEC are considering the extension of their Nanjing joint venture BASF-YPC Company Limited with the expansion of existing ethylene oxide (EO) production, and a new plant for neopentylglycol (NPG). BASF-YPC will further expand its acrylic acid value chain with additional acrylic acid and butyl acrylate plants. Production is expected to commence in 2014.
Together with the superabsorbent polymer (SAP) plant, now under construction and also expected to begin production in 2014, BASF-YPC Company will enhance its support to the home care and hygiene industries as well as the coatings, textiles, and construction industries.
“With expanded production of important basic chemicals including NPG and EO, our new world-scale acrylic acid facility, and our butyl acrylate and SAP plants, BASF can further strengthen its production base in the C2 and C3 value chains. These are the starting points for the full range of innovative solutions we offer to nearly every industry. This underlines our confidence in the development of the Asia Pacific and China markets,” said Dr. Albert Heuser, President Greater China and Functions Asia Pacific, BASF.
“With the strengthened cooperation of our joint venture, Sinopec and BASF will satisfy demand for high-quality fine chemicals that can enhance the quality of life for ordinary people. At the same time, the two companies have fully utilized their strengths in resources, technology, talent, market and management, strengthening the core competitiveness of both partners. With this cooperation, Sinopec and BASF have achieved a win-win result and will create further value,” said Mr. Chang Zhenyong, Vice Chief Engineer of Sinopec and Director General of Sinopec Chemical Division.
The partners are considering an expansion of the site’s ethylene oxide unit, which has an existing capacity of 330,000 metric tons per year. EO is a basic chemical mainly used for the production of ethylene glycol, and also for the production of surfactants for washing and cleaning agents, and as a raw material for the production of ethanolamines, glycol ethers and polyurethanes.
Additionally under consideration is a new neopentylglycol unit. NPG is a unique polyalcohol offering superior performance advantages in many end-use applications, due to its high chemical and thermal stability. It is mainly used as a building block in polyester resins for coatings, unsaturated polyesters, lubricants and plasticizers. As the global market leader for NPG, BASF is the only company in the world that has production facilities in Europe, North America, and Asia. As its production benefits from backward integration, BASF offers its customers high delivery reliability.
“We see great market potential in China and the region for these products. These state-of-the-art plants in Nanjing will further strengthen our Verbund site,” said Dr. Stephan Kothrade, President, BASF-YPC Company.
BASF-YPC broke ground on its superabsorbent polymers plant in May 2012. The facility will have a capacity of 60,000 metric tons per year. Superabsorbent polymers are materials with the capability to absorb and hold up to 500 times of their own weight in liquid even under pressure. The product is used in form of a white grainy powder, mainly to manufacture baby diapers and adult incontinence and feminine hygiene products.
Acrylic acid is an important precursor for the production of superabsorbent polymers. Butyl acrylate, one of the esters of acrylic acid, is used to produce adhesive and surface coating raw materials.
BASF-YPC Company Limited is a 50-50 joint venture formed in 2000 between BASF and SINOPEC
SOURCE Newswire Today
Posted: 29 May 2013 02:00 PM PDT
Amgen (NASDAQ:AMGN), the world's largest independent biotechnology company, and Astellas Pharma Inc. (Tokyo Stock Exchange: 4503, "Astellas"), a leading Tokyo-based global pharmaceutical company, announced the companies have entered into a strategic alliance to provide new medicines to help address serious unmet medical needs of Japanese patients.
RELEASED ON 28/05/13 (DD/MM/YY)
Dow Chemical is planning a four-week turnaround at its acrylic acid (AA) plant at Boehlen, in Germany for the middle of July, a source from the company said on Tuesday. “We will have a turnaround in July for four weeks,” the source said.
The company has begun stockpiling ahead of the maintenance shutdown. Dow has an annual AA capacity of 80,000 tonnes/year, and can produce 40,000 tonnes/year of butyl acrylate (butyl-A) from its Boehlen facility, in Saxony.
AA and its esters are used in the manufacture of various plastics, coatings, adhesives and elastomers, as well as floor polishes and paints.
SOURCE Icis News
Dow Chemical is planning a four-week turnaround at its acrylic acid (AA) plant at Boehlen, in Germany for the middle of July, a source from the company said on Tuesday. “We will have a turnaround in July for four weeks,” the source said.
The company has begun stockpiling ahead of the maintenance shutdown. Dow has an annual AA capacity of 80,000 tonnes/year, and can produce 40,000 tonnes/year of butyl acrylate (butyl-A) from its Boehlen facility, in Saxony.
AA and its esters are used in the manufacture of various plastics, coatings, adhesives and elastomers, as well as floor polishes and paints.
SOURCE Icis News
RELEASED ON 28/05/13 (DD/MM/YY)
Nihon Oxirane Co. is likely to take off-stream its styrene monomer (SM) plant for a maintenance turnaround.
A Polymerupdate source in Japan informed that the plant is planned to be taken off-stream in September 2013. It is expected to remain shut for around one month.
Located at Chiba in Japan, the SM plant has a production capacity of 420,000 mt/year.
SOURCE Icis News
Nihon Oxirane Co. is likely to take off-stream its styrene monomer (SM) plant for a maintenance turnaround.
A Polymerupdate source in Japan informed that the plant is planned to be taken off-stream in September 2013. It is expected to remain shut for around one month.
Located at Chiba in Japan, the SM plant has a production capacity of 420,000 mt/year.
SOURCE Icis News
Transports
28-05-2013 à 10:33
Après Paris, Vincent Bolloré veut s'implanter à Lyon avec sa flotte de véhicules électriques en autopartage, Autolib.
La signature de la convention avec le Grand Lyon se fera lundi matin sur le parvis de la Tour Oxygène. Un véhicule et une station type seront alors présentés à la presse pour l'occasion. "Les travaux pour le déploiement des stations vont pouvoir être lancés dès le mois de juin. Ce nouveau dispositif sera déployé en deux temps : une première phase d'ici fin 2013 et une seconde en 2014" , commente le Grand Lyon.
Bolloré devrait mettre en service 130 véhicules d'ici la fin de l'année dans 50 stations puis 120 au cours de l'année 2014. Les voitures seront donc électriques et de type "Bluecar".
Ce service, qui n'a pour l'instant pas de nom, prendra le relais de Car2Go suite à ses ennuis judiciaires avec CarGo qui se plaignait que leurs deux appellations étaient trop similaires.
Les 2600 anciens abonnés de ce service pourraient utiliser ce nouveau moyen pour se déplacer dans l'agglomération lyonnaise de la façon la plus écologique possible.
A noter aussi que le Grand Lyon souhaiterait intégrer les voitures électriques de la société Courb qui sont produites dans une ancienne usine de Renault Trucks basée à Saint-Priest.
http://www.lyonmag.com/article/53837/autopartage-bollore-signera-sa-convention-a vec-le-grand-lyon-lundi
Après Paris, Vincent Bolloré veut s'implanter à Lyon avec sa flotte de véhicules électriques en autopartage, Autolib.
La signature de la convention avec le Grand Lyon se fera lundi matin sur le parvis de la Tour Oxygène. Un véhicule et une station type seront alors présentés à la presse pour l'occasion. "Les travaux pour le déploiement des stations vont pouvoir être lancés dès le mois de juin. Ce nouveau dispositif sera déployé en deux temps : une première phase d'ici fin 2013 et une seconde en 2014" , commente le Grand Lyon.
Bolloré devrait mettre en service 130 véhicules d'ici la fin de l'année dans 50 stations puis 120 au cours de l'année 2014. Les voitures seront donc électriques et de type "Bluecar".
Ce service, qui n'a pour l'instant pas de nom, prendra le relais de Car2Go suite à ses ennuis judiciaires avec CarGo qui se plaignait que leurs deux appellations étaient trop similaires.
Les 2600 anciens abonnés de ce service pourraient utiliser ce nouveau moyen pour se déplacer dans l'agglomération lyonnaise de la façon la plus écologique possible.
A noter aussi que le Grand Lyon souhaiterait intégrer les voitures électriques de la société Courb qui sont produites dans une ancienne usine de Renault Trucks basée à Saint-Priest.
http://www.lyonmag.com/article/53837/autopartage-bollore-signera-sa-convention-a vec-le-grand-lyon-lundi
RELEASED ON 25/05/13 (DD/MM/YY)
The unit that has been built on 110 billion rials of investment and about 300 thousand hours work is equipped with 95 tons of installations, bulk of them domestically made.
Tabriz petrochemical plant, which covers an area approximately 391 square hectare, is located in Southeast of Tabriz city, near Tabriz oil refinery. Olefins, styrene, polystyrene, polystyrene-resistant, linear low density polyethylene, high density polyethylene, ethyl benzene, butene - 1, benzene, butadiene-1, 3 and ABS are among the petrochemical products being produced by the plant.
SOURCE Icis News
The unit that has been built on 110 billion rials of investment and about 300 thousand hours work is equipped with 95 tons of installations, bulk of them domestically made.
Tabriz petrochemical plant, which covers an area approximately 391 square hectare, is located in Southeast of Tabriz city, near Tabriz oil refinery. Olefins, styrene, polystyrene, polystyrene-resistant, linear low density polyethylene, high density polyethylene, ethyl benzene, butene - 1, benzene, butadiene-1, 3 and ABS are among the petrochemical products being produced by the plant.
SOURCE Icis News
RELEASED ON 22/05/13 (DD/MM/YY)
On 16 May 2013, the UK Pesticides Safety Directorate (PSD) announced the provisional authorisation (20131089) of Vortex (MAPP No 15663). The authorisation document is available, as an 8-page Word document, on the website. Formulation type: emulsifiable concentrate. The product contains epoxiconazole at 41.6g/l, fluxapyroxad at 41.6g/l, and pyraclostrobin at 61g/l and is authorized for use as a fungicide on barley, durum wheat, oats, rye, triticale, wheat. The product is not approved for aquatic or aerial use. Parallel import: No. The approval holder and marketing company is BASF plc. The authorisation expiry date is 29 Feb 2016.
SOURCE Pesticides Register of UK Approved Products
On 16 May 2013, the UK Pesticides Safety Directorate (PSD) announced the provisional authorisation (20131089) of Vortex (MAPP No 15663). The authorisation document is available, as an 8-page Word document, on the website. Formulation type: emulsifiable concentrate. The product contains epoxiconazole at 41.6g/l, fluxapyroxad at 41.6g/l, and pyraclostrobin at 61g/l and is authorized for use as a fungicide on barley, durum wheat, oats, rye, triticale, wheat. The product is not approved for aquatic or aerial use. Parallel import: No. The approval holder and marketing company is BASF plc. The authorisation expiry date is 29 Feb 2016.
SOURCE Pesticides Register of UK Approved Products
RELEASED ON 27/05/13 (DD/MM/YY)
China’s Zhuhai Zhongguan Petrochemical is planning to start up its 70,000 tonne/year butadiene (BD) plant in Guangdong province early next year, a company source said on Monday.
The yuan (CNY) 620m ($101m) BD plant will need around 200,000 tonnes/year of etherified C4 feedstock, according to the source.
“Sinopec Guangzhou will be the major supplier of the C4 feedstock. We may also consider buying overseas cargoes if it makes economic sense,” said the source
SOURCE Icis News
China’s Zhuhai Zhongguan Petrochemical is planning to start up its 70,000 tonne/year butadiene (BD) plant in Guangdong province early next year, a company source said on Monday.
The yuan (CNY) 620m ($101m) BD plant will need around 200,000 tonnes/year of etherified C4 feedstock, according to the source.
“Sinopec Guangzhou will be the major supplier of the C4 feedstock. We may also consider buying overseas cargoes if it makes economic sense,” said the source
SOURCE Icis News
RELEASED ON 22/05/13 (DD/MM/YY)
Asia styrene monomer (SM) prices gained further ground this week, with prices trending toward the mid-$1,700/tonne (€1,326/tonne) levels because of tight supply, market sources said on Wednesday. SM fell to its lowest level this year at around $1,635/tonne CFR (cost and freight) China in the first half of May, before rebounding on the back of tight availability of spot cargoes in the region, ICIS data showed.
Regional SM facilities have been operating at reduced rates since the fourth quarter of last year amid lacklustre performance in downstream styrenics sector. Weak economic conditions in the US and eurozone have curbed demand for Asia-made goods and reduced consumption of resins. “The lower output has resulted in tighter availability of SM this year,” said a Korean trader.
Apart from lower rates, a number of SM facilities underwent maintenance in February to April, exacerbating the tight supply condition.
Market players initially expected prices to come under downward pressure in May, as supply conditions will ease when plants complete their turnarounds. There were also concerns that deep-sea cargoes heading into Asia in June would exert downward pressure on prices. “The continued strength in spot prices is underpinned by strong demand for prompt parcels,” said another Korean trader. Instead of suffering a down draft, prices pushed ahead and recaptured the $1,700/tonne level, a position last held in early April, according to ICIS data.
Talk of delays in the arrival of deep-sea lots saw a flurry of deals fixed over the past two weeks. Most of the deals were fixed for June cargoes. “There is talk that some of the arrival of the deep-sea parcels have pushed back to late June or July, hence there is a strong demand for prompt cargoes”, said a trader in Singapore. Buying momentum from the downstream sector is also expected to improve in June ahead of the third quarter Chinese manufacturing for exports season.
“Demand for resins should be gradually improving from June and July as factories crank up production," said a resins producer in Taiwan. SM is a liquid chemical used to make resins like polystyrene (PS) and acrylonitrile-butadiene-styrene (ABS), as well as synthetic rubbers like styrene butadiene rubber (SBR).
SOURCE Icis News
Asia styrene monomer (SM) prices gained further ground this week, with prices trending toward the mid-$1,700/tonne (€1,326/tonne) levels because of tight supply, market sources said on Wednesday. SM fell to its lowest level this year at around $1,635/tonne CFR (cost and freight) China in the first half of May, before rebounding on the back of tight availability of spot cargoes in the region, ICIS data showed.
Regional SM facilities have been operating at reduced rates since the fourth quarter of last year amid lacklustre performance in downstream styrenics sector. Weak economic conditions in the US and eurozone have curbed demand for Asia-made goods and reduced consumption of resins. “The lower output has resulted in tighter availability of SM this year,” said a Korean trader.
Apart from lower rates, a number of SM facilities underwent maintenance in February to April, exacerbating the tight supply condition.
Market players initially expected prices to come under downward pressure in May, as supply conditions will ease when plants complete their turnarounds. There were also concerns that deep-sea cargoes heading into Asia in June would exert downward pressure on prices. “The continued strength in spot prices is underpinned by strong demand for prompt parcels,” said another Korean trader. Instead of suffering a down draft, prices pushed ahead and recaptured the $1,700/tonne level, a position last held in early April, according to ICIS data.
Talk of delays in the arrival of deep-sea lots saw a flurry of deals fixed over the past two weeks. Most of the deals were fixed for June cargoes. “There is talk that some of the arrival of the deep-sea parcels have pushed back to late June or July, hence there is a strong demand for prompt cargoes”, said a trader in Singapore. Buying momentum from the downstream sector is also expected to improve in June ahead of the third quarter Chinese manufacturing for exports season.
“Demand for resins should be gradually improving from June and July as factories crank up production," said a resins producer in Taiwan. SM is a liquid chemical used to make resins like polystyrene (PS) and acrylonitrile-butadiene-styrene (ABS), as well as synthetic rubbers like styrene butadiene rubber (SBR).
SOURCE Icis News
RELEASED ON 22/05/13 (DD/MM/YY)
Celanese is seeking buyers for its 34,000 tonne/year acetic anhydride facility in Roussillon, France, and its 200,000 tonne/year vinyl acetate monomer (VAM) production unit in Tarragona, Spain, the US-based chemicals producer said on Wednesday.
Celanese employs 30 full-time workers at the Roussillon plant and 70 full-time workers at the Tarragona facility.
Celanese said that its plan to sell the units was the result of a recent assessment of its global manufacturing facilities.
"Specifically in support of the company’s acetyl intermediates business, the manufacturing footprint strategy favours integrated production sites that provide critical economies of scale," it said.
Celanese said that it was looking for buyers that can integrate the plants in France and Spain into their own manufacturing organisations.
To help with the sales process, Celanese has hired consultants JH Lillian & Co, it added.
SOURCE Icis News
Celanese is seeking buyers for its 34,000 tonne/year acetic anhydride facility in Roussillon, France, and its 200,000 tonne/year vinyl acetate monomer (VAM) production unit in Tarragona, Spain, the US-based chemicals producer said on Wednesday.
Celanese employs 30 full-time workers at the Roussillon plant and 70 full-time workers at the Tarragona facility.
Celanese said that its plan to sell the units was the result of a recent assessment of its global manufacturing facilities.
"Specifically in support of the company’s acetyl intermediates business, the manufacturing footprint strategy favours integrated production sites that provide critical economies of scale," it said.
Celanese said that it was looking for buyers that can integrate the plants in France and Spain into their own manufacturing organisations.
To help with the sales process, Celanese has hired consultants JH Lillian & Co, it added.
SOURCE Icis News
RELEASED ON 03/05/13 (DD/MM/YY)
Budapest, May 3, 2013 (MTI-ECONEWS) - A decision bypetrochemicals company TVK to build a butadiene plant in Tiszaujvaros (E Hungary) could attract other investors that use the component of synthetic rubber as feedstock to the city, Roland Mengyi, an MP for the area, said on Thursday.
Talks have taken place in China in recent months with the aim of brining manufacturing capacity to Tiszaujvaros, and officials from one of China's biggest tyre factories will visit the region in May, Mr Mengyi said.
TVK parent MOL said earlier it will spend about € 100 M to build a butadiene plant in Tiszaujvaros.
SOURCE MTIE - Econews
Budapest, May 3, 2013 (MTI-ECONEWS) - A decision bypetrochemicals company TVK to build a butadiene plant in Tiszaujvaros (E Hungary) could attract other investors that use the component of synthetic rubber as feedstock to the city, Roland Mengyi, an MP for the area, said on Thursday.
Talks have taken place in China in recent months with the aim of brining manufacturing capacity to Tiszaujvaros, and officials from one of China's biggest tyre factories will visit the region in May, Mr Mengyi said.
TVK parent MOL said earlier it will spend about € 100 M to build a butadiene plant in Tiszaujvaros.
SOURCE MTIE - Econews
RELEASED ON 22/05/13 (DD/MM/YY)
Global major acrylonitrile (ACN) producer INEOS Nitriles and China’s Tianjin Bohai Chemical Industry Group Corporation plan to establish a 50:50 joint venture to build a 260,000 tonne/year ACN plant in Tianjin, China, the global ACN producer said on Wednesday.
Both parties have signed a non-binding Heads of Terms on Wednesday to build a 260,000 tonnes/year ACN plant using the latest INEOS process and catalyst technology, INEOS Nitriles said in a statement.
The plant will be completed by the end of 2016, with an expectation of possible future expansion, in line with growing demand across Asia, the statement added.
The investment positions INEOS Nitriles as the only producer to have plants in each of the world’s largest ACN markets, and reinforces its position as the biggest producer in the world, it said.
“This is the second Joint Venture project INEOS has announced in China this year,” said Jim Ratcliffe, Chairman of INEOS. “In March INEOS Phenol initialled a joint venture agreement with Sinopec YPC for the design, build and operation of a 1.2m tonne (/year) cumene, phenol and acetone complex at Nanjing. Both Joint Ventures bring together our world leading technology with a strong Chinese partner. They will add up to a total investment across all partners of more than $1bn (€780m),” said Jim Ratcliffe.
However, the final agreement is subject to confirmation of satisfactory project costs and conclusion of discussions with the local authorities.
Tianjin Bohai Chemical Industry Group Corporation is a large scale chemicals company based in Tianjin (China) and the company markets a wide range of products including propylene and Acrylonitrile Butadiene Styrene (ABS).
INEOS Nitriles is a part of INEOS Group Holdings S.A.
SOURCE Icis News
Global major acrylonitrile (ACN) producer INEOS Nitriles and China’s Tianjin Bohai Chemical Industry Group Corporation plan to establish a 50:50 joint venture to build a 260,000 tonne/year ACN plant in Tianjin, China, the global ACN producer said on Wednesday.
Both parties have signed a non-binding Heads of Terms on Wednesday to build a 260,000 tonnes/year ACN plant using the latest INEOS process and catalyst technology, INEOS Nitriles said in a statement.
The plant will be completed by the end of 2016, with an expectation of possible future expansion, in line with growing demand across Asia, the statement added.
The investment positions INEOS Nitriles as the only producer to have plants in each of the world’s largest ACN markets, and reinforces its position as the biggest producer in the world, it said.
“This is the second Joint Venture project INEOS has announced in China this year,” said Jim Ratcliffe, Chairman of INEOS. “In March INEOS Phenol initialled a joint venture agreement with Sinopec YPC for the design, build and operation of a 1.2m tonne (/year) cumene, phenol and acetone complex at Nanjing. Both Joint Ventures bring together our world leading technology with a strong Chinese partner. They will add up to a total investment across all partners of more than $1bn (€780m),” said Jim Ratcliffe.
However, the final agreement is subject to confirmation of satisfactory project costs and conclusion of discussions with the local authorities.
Tianjin Bohai Chemical Industry Group Corporation is a large scale chemicals company based in Tianjin (China) and the company markets a wide range of products including propylene and Acrylonitrile Butadiene Styrene (ABS).
INEOS Nitriles is a part of INEOS Group Holdings S.A.
SOURCE Icis News
RELEASED ON 08/05/13 (DD/MM/YY)
LG Chem has shut two styrene monomer (SM) plants owing to power failure.
A Polymerupdate source in South Korea informed that the No.1 SM plant and No.2 SM plant were shut on May 8, 2013. The restart schedule of the plants could not be ascertained.
Located in Yeosu, South Korea, the No.1 SM plant has a production capacity of 200,000 mt/year and the No.2 SM plant has a capacity of 300,000 mt/year.
SOURCE Polymer Update
LG Chem has shut two styrene monomer (SM) plants owing to power failure.
A Polymerupdate source in South Korea informed that the No.1 SM plant and No.2 SM plant were shut on May 8, 2013. The restart schedule of the plants could not be ascertained.
Located in Yeosu, South Korea, the No.1 SM plant has a production capacity of 200,000 mt/year and the No.2 SM plant has a capacity of 300,000 mt/year.
SOURCE Polymer Update