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Kokel, Nicolas
GAIL PATA Mass Balance of PATA well developped

Many production units have been added. Some side streams / oof-streams are still missing as well as the updtream gas processing facilities. 

2024/06/18 05:54 PM
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Kokel, Nicolas
GAIL Usar Mass Balance of Usar site well advanced.

Technologies, imports, consumptions, productions have been added starting from propane. Upstream need to be developed as well. 

 
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2024/06/18 05:51 PM
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Kokel, Nicolas
GAIL PATA GAIL PATA PetChem plant created

GAIL PATA petrochemical plant has been added to the database.

2024/06/18 05:01 PM
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Kokel, Nicolas
GAIL Usar GAIL Usar PetChem site created

GAIL Petrochemical site in Usar near Auraya has been created.

2024/06/18 04:59 PM
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Kokel, Nicolas
GAIL Company GAIL (India) Limited created

Company GAIL (India) Limited has been created in the ppPLUS database.

2024/06/18 11:29 AM
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Kokel, Nicolas
OPEC: Peak oil demand not on the horizon


Vienna, Austria, 13 June 2024--In a recent article published by Energy Aspects, HE Haitham Al Ghais, OPEC Secretary General, emphasized that oil is set to play a key role in human lives for years and decades to come. “Peak oil demand is not on the horizon,” he stated.

"The peak oil demand narrative was repeated when the IEA published its Oil 2024 report in which it once again stated that oil demand would peak before 2030. It is a dangerous commentary, especially for consumers, and will only lead to energy volatility on a potentially unprecedented scale".

"To the contrary, OPEC revise its oil demand expectations upwards to 116 mb/d by 2045, and there is potential for this level to be even higher. We do not foresee a peak in oil demand in our long-term forecast."

This is eerily aligned with the forecast ppPLUS has repeatedly issued for several years as summarized in this most recent publication.

Source: OPEC

@opec #crudeoil  #peakoil  #oildemand 

2024/06/17 09:08 AM
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Kokel, Nicolas
TKOC Shuaiba Mass Balance developed.

Two crackers and polyolefin plants  with their consumptions and productions added. Two EO/EG plants need to be added.

2024/06/17 07:43 AM
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Kokel, Nicolas
TKSC TKSC share holding structure created.

TKSC shareholders have been added.

2024/06/17 06:31 AM
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Kokel, Nicolas
Dow Chem. Kuwait Dow Chemicals Kuwait entity created

Dow Chemicals Kuwait entity has been created

2024/06/17 06:14 AM
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Kokel, Nicolas
KNPC KNPC shareholding structure created.

KNPC shareholders have been added.

2024/06/17 05:54 AM
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Kokel, Nicolas
TKOC Shuaiba TKOC Shuaiba site created

TKOC Shuaiba site has been created.

2024/06/15 12:49 PM
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Kokel, Nicolas
Quanzhou PetChem PP Plants with their production capacities added

Two Unipol PP Plants with their production capacities have been added.

2024/06/15 12:39 PM
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Kokel, Nicolas
TKSC The Kuwait Styrene Company (TKSO) created

The Kuwait Styrene Company (TKSO) has been created.

2024/06/15 12:21 PM
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Kokel, Nicolas
PRIZe Al-Zour Mass Balance initialized with PP production capacity

PP assets have been identified as two identical UNIPOL PP dual gas phase reactor plants, each producing half of the total capacity (940,000 tonnes). 

2024/06/15 12:10 PM
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Kokel, Nicolas
PRIZe Al-Zour Petrochemical Facility - Refinery Integration Al-Zour Project (PRIZe) created

Petrochemical Facility - Refinery Integration Al-Zour Project (PRIZe) has been created.

2024/06/15 08:53 AM
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Kokel, Nicolas
Al Zour Refinery Official Commissioning of Al Zour Refinery




Al Zour refinery in 🇰🇼 Kuwait was officially commissionned on 29th May 2024.

#crudeoil  #lng  #refining  #Refinery

2024/06/15 08:38 AM
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Kokel, Nicolas
LNGI Al-Zour KIPIC LNGI Business created.

KIPIC Liquefied Natural Gas Import Facility (LNGI) project in Zour created.

2024/06/15 08:14 AM
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Kokel, Nicolas
KOC KOC shareholding created.

KOC is 100% owned by KPC since 1980.

2024/06/15 05:30 AM
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Kokel, Nicolas
KOC Kuwait Oil Company created

Kuwait Oil Company has been created.

2024/06/15 05:26 AM
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Kokel, Nicolas
YANSAB Yanbu Mass Balance initialized.

Mass Balance initialized with ethylene and propylene cracker outputs.

2024/06/14 06:37 PM
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Braun, Uwe
HPL Haldia Petrochemicals Announces 10-Year Naphtha Supply Agreement with QatarEnergy

Haldia

"QatarEnergy will supply a total of up to two million tons of naphtha to HPL (through its 100% subsidiary, HPL Global Pte Limited, Singapore) over the next ten years, starting from the second quarter of 2024."

Certainly an important step for Haldia, however highlighting the issue of non-integrated Petrochemicals plants and lack of domestic feedstock.

SINGH, VIRENDRA 

2024/06/14 10:13 AM
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Kokel, Nicolas
There will be needs for several mega-refineries to be built every year until 2050




Summing up the forecasted average yearly demand increase for crude oil (1 MMBD) and decommissioned refining capacity, there is a total of 1.5 to 2 MMBD of required, incremental new-built or revamping refining capacity that needs to be deployed every year over the next 25 years, which corresponds to an average of two largest scale refineries (800 MBD) or about six medium size refineries (300 MBD). Over the same time period, the total number of refineries will shrink considerably as well as a larger number of small plants will be decommissioned.

Read the full article here.

2024/06/14 07:07 AM
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Braun, Uwe
Petrobazi Refinery
OMV Petrom to become major sustainable fuels producer

OMV Petrom Website:

OMV Petrom invests ~EUR 750 million at Petrobrazi to become the first major producer of sustainable fuels in Southeast Europe

OMV Petrom builds a plant for the production of sustainable aviation fuels (SAF) and renewable diesel (HVO[1]) and two plants for the production of green hydrogen

Starting in 2028, the company can supply around 250 kt/year of sustainable fuels.

See products in our database: 

Product: HEFA-SPK - ppPlus (portfolio-pplus.com)

Product: Renewable Diesel - ppPlus (portfolio-pplus.com)

We assigned 🌟for Feedstock sustainability. Needs to be reviewed.

SEYED JAFARI, HAMID  

2024/06/13 04:44 PM
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Kokel, Nicolas
Ruwais Refinery West Ruwais Refinery West created & Mass Balance initialized.

Ruwais Refinery complex splitted into two refineries, with Ruwais Refinery West commissioned in 2014. Mass Balance initialized with Murban crude imports.

2024/06/13 01:31 PM
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Kokel, Nicolas
Ruwais Refinery East Ruwais complex splitted into two refineries

Ruwais complex splitted into two refineries, with Ruwais Refinery East the oldest refinery inaugurated in 1982, processing crude oil and condensate.

2024/06/13 01:23 PM
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Kokel, Nicolas
Murban Murban Abu Dhabi light crude added

Murban Abu Dhabi light crude has been added.

2024/06/13 01:05 PM
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Braun, Uwe
Hengli Dalian MB Status

Revised MB-⭐down, as the model is not complete

2024/06/13 11:45 AM
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Braun, Uwe
ppPLUS Solutions - Join us #Meet the Experts 2024/06/12 05:51 PM
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Kokel, Nicolas
J-3 EP Jamnagar J-3 Expansion Project created.

Jamnagar J-3 Expansion Project has been created.

2024/06/12 03:32 PM
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Kokel, Nicolas
J2 JERP Mass balance initialized

Jamnagar J2 JERP Export Refinery created with feedstock import.

2024/06/12 03:31 PM
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Kokel, Nicolas
J2 JERP Jamnagar J2 JERP Export Refinery created

Jamnagar J2 JERP Export Refinery has been created.

2024/06/12 03:30 PM
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Kokel, Nicolas
INEOS Styrolution INEOS Styrolution announces decision to permanently close Sarnia site by June 2026.

⏲ 06/11/24
🌍 Frankfurt

INEOS Styrolution (“the Company”), the world's leading supplier of styrenics materials, announced today its decision to permanently close its styrene monomer production site in Sarnia, Ontario 🇨🇦 by June 2026.

“This difficult business decision to permanently close our Sarnia site was made following a lengthy evaluation process and is based on the economics of the facility within a wider industry context. The long-term prospects for the Sarnia site have worsened to the point that it is no longer an economically viable operating asset,” said the Company’s CEO Steve Harrington. “The production site in Sarnia is currently shut down due to recent orders from regulatory authorities that forced us to declare force majeure. We are currently assessing what is required to restart the site—a process that could take approximately six months.”

“Our decision to permanently close the Sarnia site by June 2026 is irrespective of the current situation. The economic reality is that we have made significant investments in the Sarnia site for many years to ensure safe and reliable operations. Additional large investments that are unrelated to the potential costs of restarting operations would be necessary in the near future. Such investments would be economically impractical given today’s challenging industry environment,” Harrington continued.

ABOUT SARNIA SITE The Sarnia styrene facility was built by the Canadian Polymer Crown company in 1943 with a capacity of 50 MMlbs/yr. Over the years, the site continued to expand its footprint under different ownership structures to ultimately be wholly owned by INEOS in 2014. The site has a nameplate capacity of 430kta of styrene monomer and employs ~80 employees and a large number of contractors.

2024/06/12 08:05 AM
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Kokel, Nicolas
Dahej
ONGC Petro additions Ltd (OPaL) Dahej fully modeled

ONGC Petro additions Ltd (OPaL) Dahej site is fully modeled with its detailed mass balance.

2024/06/12 06:39 AM
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Kokel, Nicolas
Al-Waha Jubail
Al-Waha created and Mass Balance initialized.

Propane import, propene and PP productions added. 
Details about comonomers, co-products and losses still missing.

2024/06/12 06:35 AM
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Braun, Uwe
Schwechat Refinery
New Bio Processing Plant

OMV-Website:

OMV starts up co-processing plant at Schwechat refinery

Up to 160,000 metric tons of liquid biomass per year to be converted into high quality renewable diesel blending component, also be used for the newest generation of OMV’s MaxxMotion Diesel

Almost EUR 200 mn invested in OMV Schwechat refinery

OMV carbon footprint to decrease by up to 360,000 metric tons of fossil CO2 per year.

SEYED JAFARI, HAMID  

interesting project.

2024/06/11 07:42 PM
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Kokel, Nicolas
INEOS Stratton Ridge INEOS Stratton Ridge storage site created.

INEOS Stratton Ridge storage site has been created.

2024/06/09 04:28 PM
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Kokel, Nicolas
INEOS Carlson Mass balance initialized with PP plant added.

Mass balance initialized with the PP plant added.

2024/06/09 04:13 PM
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Kokel, Nicolas
INEOS BMC Mass balance initialised with one HDPE plant added.

Mass balance initialised with one HDPE plant added.

2024/06/09 04:13 PM
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Kokel, Nicolas
INEOS Carlson INEOS Carson created.

INEOS Carso site has been created.

2024/06/09 04:11 PM
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Kokel, Nicolas
INEOS Hobbs INEOS Hobbs Deethanizer site created.

INEOS Hobbs Deethanizer site has been created.

2024/06/09 03:58 PM
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Kokel, Nicolas
INEOS CBW INEOS Chocolate Bayou Works created.

INEOS Chocolate Bayou Works has been created.

2024/06/09 03:47 PM
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Kokel, Nicolas
INEOS BMC INEOS Battleground Manufacturing Complex created.

INEOS Battleground Manufacturing Complex has been created.

2024/06/09 03:13 PM
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Kokel, Nicolas
INEOS USA LLC INEOS USA LLC created

INEOS USA LLC has been created.

2024/06/09 03:00 PM
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Kokel, Nicolas
LIP Lake Charles LIP JV Mass Balance finalized

Site is mass balanced, excepted for co-products, waste streams and comonomers unsed in PE manufacturing.

2024/06/09 02:30 PM
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Kokel, Nicolas
LIP Lake Charles Louisiana Integrated Polyethylene Production Plant created.

Louisiana Integrated Polyethylene Production Plant in Lake Charles has been added.

2024/06/09 01:08 PM
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Kokel, Nicolas
LIP JV Louisiana Integrated Polyethylene JV infos updated.

Information details about the LyondellBasell + Sasol 50:50 Louisiana Integrated Polyethylene JV have been updated.

2024/06/09 01:04 PM
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Kokel, Nicolas
Sasol Chem. America Sasol Chemicals America created

Sasol Chemicals America entity has been created.

2024/06/08 07:31 AM
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Kokel, Nicolas
Etileno XXI
Mass Balance completed

Fine-tuning still needed regarding waste streams in PE plants and comonomer usage.

2024/06/08 07:16 AM
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Kokel, Nicolas
Saudi Aramco Aramco Share Sale to Become One of the Largest in the World

🇸🇦 Saudi Arabia's offer for a stake in Aramco, which will raise up to $12 billion, is among the largest share sales in the world since the Kingdom took the oil giant public in an IPO.

The deal will be the sixth biggest share sale since the company raised $30 billion in an initial public offering in 2019. It would also become the fourth-largest follow-on offering during that period.

The deal has been in the works for a year. Crown Prince Mohammed bin Salman said in 2021 that the government would seek to sell more Aramco shares in the future. Proceeds will help fund initiatives to diversify the economy away from oil. MBS, as the Crown Prince is called, has declared artificial intelligence, sports, and tourism as general areas of diversification.

Source: Bloomberg, 7th Jun 2024.

2024/06/07 04:08 PM
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Kokel, Nicolas
Petrokemya Jubail Mass balance initialized

Two crackers with their ethylene and propylene productions have been added.

2024/06/07 01:48 PM
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Kokel, Nicolas
SHARQ Jubail .

.

2024/06/07 01:45 PM
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Kokel, Nicolas
SHARQ Jubail Mass balance initialized

Technip steam cracker and ethylene production have been added.

2024/06/07 01:44 PM
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Kokel, Nicolas
KBR SCORE KBR Score Steam Cracking Process Description updated.

The description of the KBR Score Steam Cracking Process has been enhanced.

2024/06/07 08:19 AM
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Kokel, Nicolas
Kemya Jubail Mass Balance developed

The mass balance has been initialized with estimated capacities of the cracker and 3 PE plants. More details are required about feedstock, comonomers, losses, coproducts as well about the rubber plant and EO/EG facility. 

2024/06/06 07:36 PM
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Kokel, Nicolas
Univation UNIPOL PE Technology description improved.

Technology description has been improved with a PFD, additional description details and by adding more units.

2024/06/06 04:30 PM
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Kokel, Nicolas
ExxonMobil Autoclave LDPE Process ExxonMobil LDPE Autoclave Reactor process added

The ExxonMobil High Pressure Autoclave Reactor process for the production of LDPE has been added.

2024/06/06 03:24 PM
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Kokel, Nicolas
ExxonMobil Tubular LDPE Process ExxonMobil LDPE Tubular Reactor process added

The ExxonMobil High Pressure Tubular Reactor process for the production of LDPE has been added.

2024/06/06 03:11 PM
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Kokel, Nicolas
Kemya Jubail Kemya production site in Al Jubail created

Kemya production site in Al Jubail has been added.

2024/06/06 09:26 AM
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Kokel, Nicolas
KEMYA Al-Jubail Petrochemical Company (Kemya), a SABIC & ExxonMobil JV, created

Al-Jubail Petrochemical Company (Kemya), a 50:50 JV between SABIC and ExxonMobil JV, has been created.

2024/06/06 09:24 AM
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Braun, Uwe
Welcome to ppPLUS Communicator

Middleton, Edward 

Middleton, Edward 

Dear Edward,

welcome to ppPLUS and the ppPLUS Communicator.

The Communicator allows direct exchange inside the Platform and collaboration on the platforms objects: Companies, Technologies, Processes, Products. 

We are available for any questions.

Uwe

 

 

2024/06/06 09:21 AM
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Kokel, Nicolas
Petrokemya Jubail Petrokemya production site created

Petrokemya production site has been created.

2024/06/05 08:42 PM
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Kokel, Nicolas
Petrokemya Petrokemya created

Arabian Petrochemical Company (Petrokemya), an affiliate of SABIC, has been createdcreated.

2024/06/05 08:41 PM
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Kokel, Nicolas
SHARQ Jubail SHARQ Production Site in Al Jubail created.

SHARQ Production Site in Al Jubail has been created.

2024/06/05 08:33 PM
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Kokel, Nicolas
SHARQ SHARQ, a JV between SABIC and SPDC, created.

Eastern Petrochemical Company (SHARQ), a 50:50 JV between SABIC and SPDC, has been created.

2024/06/05 08:16 PM
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Kokel, Nicolas
SPDC Ltd. Saudi Petrochemical Development Corporation created.

Saudi Petrochemical Development Corporation, a shareholder of SHARQ, has been created.

2024/06/05 08:03 PM
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Kokel, Nicolas
Ras Tanura Mass balance initialized

Ras Tanura refinery mass balance is initialized with crude and condensate supplies as well as a few productions.

2024/06/05 03:33 PM
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Kokel, Nicolas
Gas Condensate Gas Condensate description updated.

Gas Condensate description has been updated.

2024/06/05 01:58 PM
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Kokel, Nicolas
NATPET LYB Expands Core PP Business with 35% Stake in NATPET from Alujain in Saudi Arabia

HOUSTON and RIYADH, Saudi Arabia, May 30, 2024 /PRNewswire/ -- LyondellBasell (LYB) and Alujain Corporation (Alujain) today announced completion of the acquisition of a 35% interest in Saudi Arabia–based National Petrochemical Industrial Company (NATPET) by LYB from Alujain.

The joint venture is enabled by LYB Spheripol polypropylene (PP) technology and positions LYB to profitably expand its core PP business by gaining access to advantaged feedstocks and additional product marketing volumes.

NATPET currently has approximately 400,000 tons of annual PP production capacity. LYB will market the majority of the volume of the joint venture's production through its global network. Alujain and LYB are also jointly assessing the construction of a new propylene via propane dehydrogenation (PDH) and PP facility at the NATPET site, subject to a final investment decision. The project is being developed with a shared goal of targeting high-end products, and implementing solutions that align with the Kingdom of Saudi Arabia's 2060 Carbon reduction strategy.

Source: LyondellBasell Corporate and Financial News, 30th May 2024.

2024/06/05 11:27 AM
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Braun, Uwe
Welcome to ppPLUS Communicator

Dear Mohammed,

welcome to ppPLUS. This is a message from the ppPLUS Communicator for internal messages. By mentioning @name you can copy a message to another user.

Opening the Communicator from a platform-object you can directly comment/update collaborate referencing companies, products, technologies.

Looking forward to collaborate with you.

Uwe

AL-AGEEL, MOHAMMED 

Kokel, Nicolas 

2024/06/05 07:07 AM
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Kokel, Nicolas
ExxonMobil Holding ExxonMobil announces merger with Pioneer Natural Resources in an all-stock transaction




SPRING and IRVING, Texas – Exxon Mobil Corporation (NYSE: XOM) and Pioneer Natural Resources (NYSE: PXD) jointly announced a definitive agreement for ExxonMobil to acquire Pioneer. The merger is an all-stock transaction valued at $59.5 billion, or $253 per share, based on ExxonMobil’s closing price on October 5, 2023. Under the terms of the agreement, Pioneer shareholders will receive 2.3234 shares of ExxonMobil for each Pioneer share at closing. The implied total enterprise value of the transaction, including net debt, is approximately $64.5 billion.

The merger combines Pioneer’s more than 850,000 net acres in the Midland Basin with ExxonMobil’s 570,000 net acres in the Delaware and Midland Basins, creating the industry’s leading high-quality undeveloped U.S. unconventional inventory position. Together, the companies will have an estimated 16 billion barrels of oil equivalent resource in the Permian. At close, ExxonMobil’s Permian production volume would more than double to 1.3 million barrels of oil equivalent per day (MOEBD), based on 2023 volumes, and is expected to increase to approximately 2 MOEBD in 2027. ExxonMobil believes the transaction represents an opportunity for even greater U.S. energy security by bringing the best technologies, operational excellence and financial capability to an important source of domestic supply, benefitting the American economy and its consumers.

• Transforms ExxonMobil’s upstream portfolio, more than doubling the company’s Permian footprint and creating an industry-leading, high-quality, high-return undeveloped U.S. unconventional inventory position

• Expect to generate double-digit returns by recovering more resource, more efficiently and with a lower environmental impact

• Combines Pioneer’s sizeable acreage, entrepreneurial culture and deep industry expertise with ExxonMobil’s balance-sheet strength, advanced technologies and industry-leading project development capabilities

• Plans to accelerate Pioneer’s net zero Permian ambition from 2050 to 2035

• Strengthens U.S. economy and energy security

#permian  #pioneer  #crudeoil 

Source: ExxonMobil News releases, 11th Oct 2023

2024/06/04 07:40 AM
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Kokel, Nicolas
Cedar Bayou Plant Main productions and consumptions captured.

Main productions and consumptions have been captured. More details an granularity needs to be developed regarding feedstock supply, cracker co-products, comonomer consumptions as well as waste streams.

2024/06/03 11:23 AM
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Kokel, Nicolas
SP Chemicals Taixing Assets productions and captive consumptions captured.

All assets productions and internal consumptions have been captured. Feedstock and excess production not captively consumed internally need to be clarified.

2024/06/02 03:43 PM
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Kokel, Nicolas
Generic VCM Process
Generic balances VCM Process created.

A generic balances VCM Process has been created.

2024/06/01 07:29 PM
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Kokel, Nicolas
Ethylene Chlorination Ethylene Chlorination into EDC & Cracking into VCM added.

Ethylene Chlorination into EDC & Cracking into VCM had been added.

2024/06/01 04:19 PM
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Kokel, Nicolas
Pure Sodium Hydroxide Pure sodium hydroxide (caustic soda) added.

Pure sodium hydroxide (caustic soda) has been added.

2024/06/01 08:54 AM
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Kokel, Nicolas
SP Chemicals Taixing SP Chemicals Taixing site created.

SP Chemicals manufacturing site in Taixing has been created.

2024/06/01 08:33 AM
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Kokel, Nicolas
SP Chemicals Co SP Chemicals Co., Ltd. created.

SP Chemicals Co., Ltd. has been added.

2024/06/01 08:33 AM
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Kokel, Nicolas
Generic Membrane Chloralkali Generic Membrane Chloralkali Process created.

A generic Membrane Chloralkali Process has been created created.

2024/06/01 08:29 AM
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Braun, Uwe
Ineos Man. Belgium Changed legal Entity

Changed the name of the legal entity to Ineos Manufacturing Belgium NV.

Ineos operates mostly under business names, branding names, which can be sometimes intransparent.

2024/05/30 02:46 PM
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Kokel, Nicolas
ConocoPhillips ConocoPhillips to acquire Marathon Oil Corporation


In short:

• Aquisition of Marathon Oil Corporation is expected to be immediately accretive to earnings, cash flows and return of capital per share.
ConocoPhillips expects to achieve at least $500 million of run rate cost and capital savings within the first full year following the closing of the transaction.
• Independent of the transaction, ConocoPhillips expects to increase its ordinary base dividend by 34% to 78 cents per share starting in the fourth quarter of 2024.
• Upon closing of the transaction, ConocoPhillips expects share buybacks to be over $20 billion in the first three years, with over $7 billion in the first full year, at recent commodity prices. ConocoPhillips (NYSE: COP) and Marathon Oil Corporation (NYSE: MRO) announced today that they have entered into a definitive agreement pursuant to which ConocoPhillips will acquire Marathon Oil in an all-stock transaction with an enterprise value of $22.5 billion, inclusive of $5.4 billion of net debt.

Under the terms of the agreement, Marathon Oil shareholders will receive 0.2550 shares of ConocoPhillips common stock for each share of Marathon Oil common stock, representing a 14.7% premium to the closing share price of Marathon Oil on May 28, 2024, and a 16.0% premium to the prior 10-day volume-weighted average price.

Transaction benefits


Immediately accretive: This acquisition is immediately accretive to ConocoPhillips on earnings, cash from operations, free cash flow and return of capital per share to shareholders.
Delivers significant cost and capital synergies: Given the adjacent nature of the acquired assets and a common operating philosophy, ConocoPhillips expects to achieve the full $500 million of cost and capital synergy run rate within the first full year following the closing of the transaction. The identified savings will come from reduced general and administrative costs, lower operating costs and improved capital efficiencies.
Further enhances premier Lower 48 portfolio: This acquisition will add highly complementary acreage to ConocoPhillips’ existing U.S. onshore portfolio, adding over 2 billion barrels of resource with an estimated average point forward cost of supply of less than $30 per barrel WTI.

Source: ConocoPhillips, 29 May 2024

2024/05/30 06:16 AM
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Kokel, Nicolas
Plastics Gasification
Sustainable Aviation ✈ Fuel company Fulcrum Bioenergy collapses after burning $1 billion




Fulcrum Bioenergy, launched in 2007, was aiming at converting Municipal Solid Waste (MSW) into Sustainable Aviation Fuel at a facility near Reno, Nevada with a gasification process licensed from ThermoChem Recovery International (TRI).

Following successive delays since the initial start-up planned for 2010, operations effectively started only in May 2022. The plant produced only 350 gallon of fuels before multiple technical problems irremediably disrupted the plant operation.

After raising 1 billion US dollars, the company laid off nearly all employees on May 17th and halted most operations. The company's  website is now off-line since last week.

Source: Bloomberg, Ben Elgin, 28th May 2024





 

2024/05/29 08:21 PM
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Kokel, Nicolas
Reliance Ltd. 🇮🇳 🇷🇺 Reliance to pay in roubles for Russian oil under new deal

Under the new deal, Reliance Industries will buy discounted oil as OPEC+ is expected to extend supply cuts beyond June.


In Short

• Reliance signs one-year oil deal with Rosneft

• Deal includes buying 3 million barrels monthly in roubles

• Agreement ensures discounted oil amid OPEC' supply cuts

Reliance Industries has signed a one-year deal with Russia's Rosneft to buy at least 3 million barrels of oil a month in roubles, reported news agency Reuters.

The shift in rouble payments comes after Russian President Vladimir Putin's push for Moscow and its trading partners to find alternatives to the Western financial system.

The agreement with Rosneft will help Reliance Industries to buy oil at discounted rates and this comes at a time when the OPEC+ group of oil producers is expected to extend voluntary supply cuts beyond June.

Source: Reuters, via INDIA TODAY, Sonu Vivek, 28th May 2024

2024/05/29 05:36 PM
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Kokel, Nicolas
Saudi Aramco 🇨🇳 🇸🇦 Aramco in talks to acquire 10% stake in Chinese company Hengli Petrochemical


Aramco, one of the world’s leading integrated energy and chemicals companies, has entered into discussions with Hengli Group Co., Ltd. (“Hengli Group”) regarding the potential acquisition of a 10% stake in Hengli Petrochemical Co., Ltd. (“Hengli Petrochemical”), subject to due diligence and required regulatory clearances.

The companies signed a Memorandum of Understanding (MoU) regarding the proposed transaction, which aligns with Aramco’s strategy to expand its downstream presence in key high-value markets, advance its liquids-to-chemicals program, and secure long-term crude oil supply agreements.

Hengli Petrochemical, a controlled subsidiary of Hengli Group, owns and operates a 400,000 barrel per day refinery and integrated chemicals complex in Liaoning Province, China, and several plants and production facilities in Jiangsu and Guangdong Provinces.

Source: SAUDI ARAMCO NEWS | DHAHRAN, SAUDI ARABIA | APRIL 22, 2024

#refining  #crudeoil  #petrochemicals  #China

2024/05/29 09:16 AM
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Kokel, Nicolas
RusVinyl Solvay to sell its stake in RusVinyl

Solvay announced that it has agreed on final terms to sell its 50% stake in the RusVinyl joint venture to its joint venture partner Sibur.  Upon completion, the divestment will represent another important milestone in the transformation of Solvay’s portfolio, and will mark the final step in the Company’s strategy to exit its cyclical global polyvinyl chloride (PVC) operations.

The agreement is based on a purchase price for Solvay’s 50% stake of around €430 million. A capital loss of around €175 million will be recognized on completion mainly reflecting the crystallization of historic currency translation balances.

The completion of the transaction is expected to take place towards the end of the first quarter 2023.

Source: SOLVAY, 3rd Mar 2023, Press Release.

2024/05/29 09:15 AM
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Kokel, Nicolas
Ineos Man. Belgium INEOS O&P Europe announces €30m upgrade of Lillo polyolefins plant.

INEOS O&P Europe announces €30m upgrade of Lillo polyolefins plant to increase focus on durable products that will play key role in transition to net zero

INEOS O&P Europe has announced today a €30m investment in the conversion of its plant in Lillo, at the Port of Antwerp, to enable its existing capacity to produce either monomodal or bi-modal grades of high-density polyethylene (HDPE). INEOS will use its proprietary technology to build on its leading position as a supplier to the high-density pressure pipe market.

Source: INEOS, Press Releases,18th Oct 2022.

 

2024/05/29 09:15 AM
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Kokel, Nicolas
Yeosu Basic Mat. Lotte Chemical Yeosu Basic Materials created

Lotte Chemical Yeosu Basic Materials Factory has been created.

2024/05/29 09:11 AM
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Kokel, Nicolas
“Big Oil” companies face mounting legal challenges from climate-obsessed groups

Ronald Stein P.E., 27th May 2024

Suing the ONLY supply chain source for the products and fuels DEMANDED by humanity is financial stupidity!

Never bite the hand that feeds you without a replacement to support the products demanded by our materialistic society.

Continue reading on America Out Loud New

2024/05/29 09:05 AM
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Kokel, Nicolas
Chimei CHIMEI Corp. created

CHIMEI Corporation has been added.

ELSHOKAFY, AHMED

2024/05/26 06:54 AM
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Kokel, Nicolas
Lipids Transesterification
Transesterification of fatty esters added.

Transesterification of fatty esters was added a while ago, forgot to communicate about it.

#transesterification  #biodiesel 

2024/05/26 06:10 AM
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Kokel, Nicolas
Generic Delayed Coking Generic delayed coking added.

Generic delayed coking technology has been added.

2024/05/25 02:17 PM
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Kokel, Nicolas
Petroleum Coking Petroleum Coking added.

Petroleum cocking has been added.

2024/05/25 02:16 PM
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Braun, Uwe
Southbend
Verbio starts expansion work on second biorefinery in North America

Biofuels international: 

Verbio has started construction to convert its South Bend ethanol plant into a second integrated biorefinery in North America.

#bio-refining 

2024/05/24 08:23 AM
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Braun, Uwe
Bitterfeld
Ground breaking for manufacturing of bio-based chemicals

Verbio Ress release:

Verbio commences construction of the world’s first large-scale ethenolysis plant using rapeseed oil methyl ester at its Bitterfeld location. This plant will be able to manufacture large quantities of bio-based speciality chemicals for use in detergents and cleaning agents, high‑performance lubricants for engines, or plastics. In doing so Verbio is helping the chemical industry make the transfer from fossil-based to renewable raw materials.

2024/05/24 07:56 AM
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Kokel, Nicolas
PP Elastomers and Plastomers Flexible PP Copolymers created

Flexible Polypropylene Elastomers and Plastomers have been created.

2024/05/21 04:10 PM
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Kokel, Nicolas
Polyolefin Elastomers POP (Polyolefin Elastomers, ULDPE) definition updated.

The definition of POE (Polyolefin Elastomers, ULDPE) has been  updated.

2024/05/21 01:09 PM
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Kokel, Nicolas
Polyolefin Plastomer POP (Polyolefin Plastomers, VLDPE) definition updated.

The definition of POP (Polyolefin Plastomers, VLDPE) has been  updated.

2024/05/21 12:58 PM
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Braun, Uwe
Wood Mackenzie Refinery Update #European Refinery Closures


As per Wood Mackenzie "Global data and analytics" they are not expecting further refinery closure in Europe, other than the already announced of PetroIneos in Grangemouth and the Shell CDU closure in Koeln.

For full overview of Refineries go to our Refinery-Module.

#Refinery #refining 

2024/05/21 09:09 AM
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Kokel, Nicolas
Propane, Butane & Pentane Dehydrogenation PDH Technologies added.

Main commercial alcane dehydration technologies have been detailed and some licenses added.  

2024/05/20 04:46 PM
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Kokel, Nicolas
Al-Waha Al-Waha PetChem Co. in KSA created

Al-Waha PetChem Co. in KSA has been created.

2024/05/20 04:29 PM
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Kokel, Nicolas
NATPET Yanbu NATPET Mass Balance improved

Propane import, propylene and polyproyplene production completed.
Details about co-rpoducts, comonomers and losses still missing.

2024/05/20 04:11 PM
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Kokel, Nicolas
Lummus CATOFIN PDH Lummus CATOFIN PDH description updated.

Lummus CATOFIN PDH description has been updated.

2024/05/20 02:10 PM
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Kokel, Nicolas
SPC Jubail Mass balance initialized

Main imports, consumptions and productions added.
Details about comonomers, coproducts and losses still need to be added.
 

2024/05/20 01:23 PM
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Kokel, Nicolas
Lummus Novolen PP Novolen technology description updated.

Novolen technology description has been updated.

2024/05/20 01:04 PM
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Braun, Uwe
Welcome to the Communicator

ELSHOKAFY, AHMED 

Dear Ahmed,

welcome to the ppPLUS Communicator. This is the communication tool for collaborating on ppPLUS-Objects or sent direct messages.

I am happy to hold a session to discuss how you can use ppPLUS & the Communicator for best benefit.

Uwe

You can also contact me via my email: uwe.braun@portfolio-pplus.com

2024/05/20 12:17 PM
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Kokel, Nicolas
SPC (KSA) SPC Saudi Arabia created

SPC in Saudi Arabia has been created.

2024/05/20 09:37 AM
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Kokel, Nicolas
SEPC Jubail Mass balance initialized

Mass balance initialized with ethane imports, ethylene and propylene production as well as LDPE and HDPE production.
Fine tuning for co-products, comonomers, and losses still is required.

2024/05/20 09:10 AM
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Kokel, Nicolas
SEPC
SEPC in Saudi Arabia created

SEPC entity has been created.

2024/05/20 08:42 AM
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Kokel, Nicolas
KBR K-PRO KBR K-PRO PDH updated

KBR K-PROTM PDH Technology description has been updated.

2024/05/18 04:48 PM
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Kokel, Nicolas
Generic LDPE Autoclave Process HP Autoclave LDPE Technology updated.

Description of the HP Autoclave LDPE Technology has been updated. 

2024/05/18 03:02 PM
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Braun, Uwe
MOL Petrochemicals MOL and thyssenkrupp Uhde celebrate opening of Polyol Plant

Thyssenkrupp-uhde:


Inauguration of new chemical complex: MOL and thyssenkrupp Uhde celebrate opening of Polyol Plant in Tiszaújváros, Hungary

 

 

2024/05/17 10:36 AM
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Braun, Uwe
MOL Petrochemicals Reallocated Site to Mol Co. Ltd.

According toProduction Sites - Downstream - Our Businesses - MOLGroup

Site is a part of MOL Petrochemicals Co. Ltd

2024/05/17 10:29 AM
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Kokel, Nicolas
Dushanzi Xinjiang Ineos Innovene and S and Innovene PP productions added

Ineos Innovene and S and Innovene PP productions have been added.

2024/05/16 02:59 PM
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Kokel, Nicolas
Solution Polymerization of Ethylene Olefins Solution Polymerisation Processes are being added.

We are progressively adding Olefins Solution Polymerisation Processes to the database of processes and technologies.

#solutionpolymerisation  #ethylene  #propylene  #polyolefins  #elastomers  #plastomers 

2024/05/16 02:08 PM
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Kokel, Nicolas
🇮🇹 The seventh postponement arrives for the Italian Plastic tax #Italian Plastic Tax

The seventh extension of the Italian Plastic Tax until July 2026 has been announced.

The Plastic Tax is a tax with a fixed value of 0.45 € that producers, importers and consumers should pay for each kilo of plastic products sold or purchased.

The 2020 budget law of the Giallorossi Conte government had introduced the Plastic Tax, i.e. the tax on the consumption of single-use plastic products, The tax, designed to target the use of polluting single-use plastics, immediately proved to be very complicated to apply, and had sparked a revolt among companies in the affected sector.

The 2020 relaunch decree, in the midst of the Covid period, had postponed the tax to 1 January 2021. Then the 2021 budget law had postponed the plastic tax to 1 July 2021. The Sostegni bis decree of May 2021 had brought the plastic tax back to 1 January 2022. Then there were the two budget laws for 2022 and 2023 which postponed the tax by one year, that is, for the last, until 1 January 2024. With the 2024 budget, after many discussions on the possible abolition of the tax, the last postponement arrived until July 2024, the one currently in force.

The newest change is contained in the government's stamped amendment to the Superbonus Law Decree, under discussion in the Senate. Here the extension appears for the plastic tax: it is to come into force from 1 July 2024 to 1 July 2026.

Source: Marini di Andrea, 11th May 2024, Il Sole 24 ORE,

#plastictax  #plasticwaste  #plasticrecycling 

2024/05/16 12:48 PM
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Kokel, Nicolas
Dow Freeport Mass balance initialized

Mass balance initialized with ethylene and propylene production capacities.

2024/05/16 09:06 AM
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Kokel, Nicolas
Dow Freeport DOW's Freeport site created

DOW's Freeport site has been created.

2024/05/16 08:49 AM
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Kokel, Nicolas
NOVA AST Advanced SCLAIRTECH™ Technology added

Advanced SCLAIRTECH™ Technology has been added.

2024/05/14 08:39 PM
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Kokel, Nicolas
NOVA SCLAIRTECH Nova SCLAIRTECH has been created

Nova SCLAIRTECH solution process has been created.

2024/05/14 07:23 PM
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Kokel, Nicolas
Ineos Ltd INEOS Completes Purchase of LyondellBasell’s Ethylene Oxide and Derivatives Business

INEOS Oxide and LyondellBasell have completed the sale of LYB’s Ethylene Oxide & Derivatives (EO&D) business and associated production facilities located in Bayport, Texas to INEOS.

Tobias Hannemann, CEO of INEOS Oxide said, “We are pleased to complete this strategic acquisition in the U.S. INEOS Oxide is a leading producer in Europe and this significant step expands our Ethylene Oxide & Derivatives business into the U.S, which is the world’s largest market. It also complements our existing Ethanolamines production facility in Plaquemine, Louisiana.”

“There is available land on the Bayport site for INEOS’ growth aspiration. It is an ideal location to develop our third-party business supporting customers to co-locate and integrate into an existing Ethylene Oxide & Derivatives platform. We look forward to incorporating the business, site and team of very professional and highly motivated people within the global INEOS group.”

The Bayport EO&D business produces high-purity ethylene oxide and associated derivatives. Access to cost-advantaged feedstocks and logistics networks contributes to its excellent performance and market reputation.

Peter Vanacker, CEO of LyondellBasell said, “This divestiture of the EO&D business demonstrates progress against our company strategy and allows us to focus on further strengthening our core businesses. We are confident that the EO&D team will continue to thrive under new ownership and remain committed to collaborating closely with INEOS for a seamless transition.”

The closing of the transaction follows the completion of planned maintenance at the Bayport facility and satisfaction of regulatory and other customary closing conditions.

Source: INEOS Group, Press Releases, 1st May 2024

#ethyleneoxide  #bayport 

2024/05/14 02:10 PM
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Kokel, Nicolas
LyondellBasell NV LyondellBasell Weighs Strategic Options for European Assets

LyondellBasell today announced the formal launch of a strategic review of the European assets of its Olefins & Polyolefins and Intermediates & Derivatives business units. The assessment will evaluate the assets through the lens of the company's strategy to Grow & Upgrade the Core, Build a Profitable Circular and Low Carbon Solutions Business, and Step Up Performance & Culture.

"At the 2023 Capital Markets Day, we stated our intent to concentrate our portfolio around businesses with long-lasting competitive advantage and to reinvest around those advantaged areas generating superior returns at meaningful scale," said Peter Vanacker, LyondellBasell chief executive officer. "These criteria have not changed."

The company's investments in a commercial-scale MoReTec plant, LyondellBasell's proprietary technology to convert plastic waste into liquid raw materials, and the development of a circularity hub in the Cologne, Germany region will continue as planned. LyondellBasell will also continue to invest and leverage its differential technology position as a key enabler to grow and upgrade the core asset base.

"The company will prioritize its investments to align operations with our circularity and net zero ambitions," Vanacker added. "We understand that strategic assessments can create uncertainty for our employees and customers, but we are committed to operate our assets safely and reliably throughout this process."

Source: LyondellBasell Corporate & Financial News, 8th May 2024

#olefins #polyolefins  #europe  #assets  #circularity  #netzero  #plasticwaste 

2024/05/14 02:00 PM
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Kokel, Nicolas
Polinter Maracaibo Polinter manufacturing site created

Polinter manufacturing site has been created.

2024/05/13 03:36 PM
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Braun, Uwe
Welcome to ppPLUS Communicator

SEYED JAFARI, HAMID

This is a message from the ppPLUS Communicator. All major modules offer Communicator-Functionality to comment on the content. 

You can send messages to specific users, using the @ sign.

Also the video on the homepage explains the functionality.

2024/05/11 06:41 PM
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Kokel, Nicolas
INEOS Innovene PP Innovene PP Technology updated

Innovene PP process description has been updated.

2024/05/08 07:47 PM
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Kokel, Nicolas
Mitsui CX Mitsui CX Process updated

The description of tje Mitsui CX Process has been updated.

2024/05/08 07:17 PM
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Kokel, Nicolas
Generic Pygas Hydrogenation Generic Pygas (Selective) Hydrogenation added

Generic Pygas (Selective) Hydrogenation and Separation has been added.

2024/05/08 02:01 PM
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Kokel, Nicolas
Linde Steam Cracking Linde Steam Cracking description improved

Description of Linde Steam Cracking has been improved, in particular with enhanced units descriptions.

2024/05/08 02:00 PM
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Braun, Uwe
Product-Deletion C5 Diene Crude

Kokel, Nicolas 

I will shortly delete the C5 Dine Product. With the slow internet here in Germany, I am having problems to perform the SQL-Deletes of the Communicator-Entries, as there is no standard procedure from the platform.

You can easily find, where a product is used in Production, but to find Consumption, you need to know which Site-MB it is used in. I will build a list, which allows to view all global consumption.

Another issue is, that products cannot be deleted, when there are Communicator-Entries. I can implement with the Product-DELETE to also delete all linked Communicator Entries. But one needs to be aware then, that also linked/uploaded documents get lost. I will include that in the confirmation-warning of the DELETE-Process.

2024/05/07 03:14 PM
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Kokel, Nicolas
Saipem 1-Butene Saipem 1-Butene Process updated

Saipem selective hydrogenation unit to produce 1-butene has been updated.

2024/05/07 02:33 PM
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Kokel, Nicolas
Generic Selective Hydrogenation Generic Selective Hydrogenation updated.

Generic Selective Hydrogenation process has been updated.

2024/05/07 01:43 PM
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Kokel, Nicolas
Generic Hydrodealkylation Hydrodealkylation Process updated

The generic hydrodealkylation process description has been updated.

2024/05/07 12:46 PM
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Kokel, Nicolas
C5 Diene Crude
Remove C5 Diene Crude

Braun, Uwe 
Please delete this subproduct.
I cannot delete it although I removed its mapping in one site and replaced it with another one, and it is not the default subproduct. 
For some reasons it is locked for deletion.

2024/05/07 07:46 AM
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Kokel, Nicolas
C5 Pyrolysis Gasoline C5 Pygas updated

C5 pygas description updated

2024/05/07 07:13 AM
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Kokel, Nicolas
BTX Aromatics BTX Aromatics updated.

Description of BTX Aromatics has been updated.

2024/05/05 07:40 PM
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Kokel, Nicolas
Ineos Aromatics Geel INEOS Aromatics to propose mothballing one of its PTA plants in Geel, Belgium

INEOS Aromatics is today announcing its intention to mothball the smaller and older of two of its PTA (Purified Terephthalic Acid) units at its integrated PX and PTA production facility in Geel, Belgium.

This unit has been off-line since 2022 and a review of its long-term future has been pending for some time.

Despite the company’s best efforts to make the unit competitive, difficult market conditions have brought things to a head. An increase in energy, raw material and labour costs has made European production increasingly uncompetitive relative to exports from new PTA and derivative capacity commissioned in Asia.

PTA (or purified terephthalic acid) is an essential raw material for the manufacture of polyester PET, used principally to make textiles, fabrics and food and beverage packaging materials as well as many other items found in homes and businesses.

INEOS will now start a consultation process with the affected employees’ representatives to mitigate the impact of the plans, including where possible finding redeployment opportunities in other activities at the Geel site.

Customers will not be affected as both the PX unit and the second, larger PTA unit at the site, which is newer and more efficient, continues to operate.

Source: INEOS, 29th Nov 2023, Press Releases

2024/05/05 08:57 AM
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Kokel, Nicolas
🚢 Maersk forecasts prolonged disruptions in international trade



Photo: Ane Mærsk arriving at Tanjung Pelepas PTP in Malaysia, February 2024.

Moller-Maersk, one of the world's leading shipping companies, anticipates continued disruptions in international trade until the culmination of 2024. Despite this, Maersk remains skeptical about the likelihood of a swift resolution to the Middle East crisis.

According to Maersk, the conflict in the Middle East and the Red Sea shows no signs of abating, necessitating alternative routes such as the one via the Cape of Good Hope, which entail increased time and financial expenditure compared to the Suez Canal route.

Recent data indicates that Houthi attacks are expanding to encompass the entirety of the Indian Ocean, posing threats to ships en route to Europe via the African bypass.

Source: Maersk, Press Releases, 2nd May 2024

2024/05/05 08:48 AM
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Kokel, Nicolas
Generic Pygas Process Generic Pygas Hydrotreating has been updated.

Generic Pygas Hydrotreating/Hydrodealkylation process has been updated.

2024/05/03 08:26 PM
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Kokel, Nicolas
Axens C5+ Pygas Hydrogenation Axens' C5+ Pygas Hydrogenation Process updated

Axens' C5+ Pygas Hydrogenation Process has been updated.

2024/05/03 07:30 PM
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Kokel, Nicolas
Hydrotreating Hydrotreating process updated.

Hydrotreating process has been updated.

2024/05/03 06:57 PM
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Kokel, Nicolas
ONGC PetChem (OPAL) ONGC to turnaround OPal by FY25; scout for strategic investor by FY27

Oil and Natural Gas Commission (ONGC) will bring in a strategic partner in ONGC Petro additions (OPaL) by FY27, after the State-run company infuses ₹18,365 crore in the Gujarat-based petrochemicals venture and make it profitable by FY25.

OPaL is a mega petrochemical complex, which is spread over 5 sq km, with a capacity to produce 14 lakh tonnes of polymers and 5 lakh tonnes of chemicals. The complex is located in Dahej.

In an investor call on Wednesday, ONGC Executive Director (Chief Business Development and Joint Ventures portfolio), Deb Adhikari, said, “OPaL is having some distorted capital structure. So, ONGC is trying to correct it. In that regard, the Ministry of Petroleum & Natural Gas had advised an expert committee to be constituted. As per the advice of the expert committee, which is headed by a former secretary of government of India, the (ONGC) board has submitted some recommendations. About ₹18,365-crore additional investment has to be done to correct its capital structure”.

By Rishi Ranjan Kala, 15th Nov 2023.

Continue reading on THE HINDU businessline.

 

 

 

2024/05/03 03:41 PM
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Kokel, Nicolas
Dahej Consumptions of PE/PP plants added as well as cracker technology.

Consumptions of PE/PP plants and cracker technology (Linde) have been added. 

2024/05/03 01:17 PM
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Kokel, Nicolas
Koeln
30 production assets added as placeholders

All 30 assets of INEOS Manufacturing in Germany have been added to the Cologne site as place holders. The site is impressive as it has very old assets, many of which have been modified or their capacity expanded multiple times. The oldest assets in existence are the Glycol Plant 1 and the Propylene Oxide plant, that both started up in 1959, 65 years ago. To complete the site modeling, it is now required to identify the technologies and production capacities of these various assets. 

2024/05/02 02:47 PM
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Kokel, Nicolas
INEOS O&P Geel PP Technology and production capacity added.

PP Technology and production capacity have been added.

2024/05/02 11:32 AM
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Kokel, Nicolas
INEOS O&P EU Lillo PP and HDPE production added.

PP and HDPE technologies an production capacities have been added.

2024/05/02 11:06 AM
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Kokel, Nicolas
INEOS O&P Geel
INEOS O&P Geel entity and plant created.

INEOS O&P Geel entity and plant have been created.

2024/05/02 09:34 AM
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Kokel, Nicolas
INEOS Innovene G
Color fonts

Braun, Uwe 

Can we get back the colour fonts option in the html editor?
I used it before but it is no longer available.
I need it like in this description for the legend of the figure 1.

2024/05/02 08:24 AM
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Kokel, Nicolas
INEOS Innovene G INEOS Innovene G technology updated

INEOS Innovene G description has been updated with PFD and technology details.

2024/05/02 06:07 AM
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Kokel, Nicolas
INEOS Innovene S INEOS Innovene S technology updated.

INEOS Innovene S technology description has been updated.

2024/05/02 04:50 AM
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Kokel, Nicolas
SIBUR Tobolsk ZapSibNeftekhim mass balance defined.

Minor adjustments need to be done regarding cracking co-products and comonomers for PE and PP manufacturing.

2024/05/01 07:27 PM
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Kokel, Nicolas
INEOS Innovene PP Innovene PP technology added.

Innovene PP technology has been added.

2024/05/01 06:47 PM
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Kokel, Nicolas
Sibur-Khimprom JSC Sibur-Khimprom created

Sibur-Khimprom has been created.

2024/05/01 11:12 AM
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Kokel, Nicolas
SIBUR-Neftekhim JSC SIBUR-Neftekhim created

SIBUR-Neftekhim has been created.

2024/05/01 10:54 AM
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Kokel, Nicolas
SiburTyumenGas JSC JSC SiburTyumenGas created

JSC SiburTyumenGas has been created.

2024/05/01 08:31 AM
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Kokel, Nicolas
Zapsibtransgaz LLC LLC ZapsibTransgaz created

LLC ZapsibTransgaz has been created.

2024/05/01 08:28 AM
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Kokel, Nicolas
Oil companies are taking steps to reduce their reliance on loans to finance their operations

Last year, global demand for loans in the oil sector decreased by 6%, but this doesn't imply a halt in investment. The debt-to-profit ratio of companies has shifted in favor of profits since 2020. Average oil and gas companies now generate more revenue than needed to cover capital expenditures through the end of the decade, potentially eliminating the need for loans. Major industry players like Chevron Corp. and Saudi Aramco are examples of this trend.

#crudeoil  #oilcompanies  #fossilfuels  #oil &gas
This financial autonomy also impacts environmental efforts. Previously, bank loans could be leveraged to pressure companies into reducing extraction and emissions. Now, without such financial dependencies, companies have more control over their production volumes, which could delay global goals aimed at curbing the growth of hydrocarbon energy.

Source: Tim Quinson, 29th Apr 2024, Bloomberg

2024/05/01 07:02 AM
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Kokel, Nicolas
Daesan Factory Mass balance initialized

Mass balance initialized with ethylene, propylene, ethylene oxide and MEG production.

2024/04/30 08:06 AM
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Kokel, Nicolas
Yeosu Basic Mat. Mass Balance initialized

Ethylene and propylene production capacities created.

2024/04/30 07:50 AM
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Kokel, Nicolas
Yeosu Adv. Materials Lotte Chemical Yeosu Advanced Materials created

Lotte Chemical Yeosu Advanced Materials Factory has been created.

2024/04/29 07:12 PM
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Kokel, Nicolas
Ulsan Factory Lotte Chemical Ulsan Factory created

Lotte Chemical Ulsan Factory has been created.

2024/04/29 07:11 PM
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Kokel, Nicolas
Daesan Factory Lotte Chemical Daesan Factory created

Lotte Chemical Daesan Factory has been created.

2024/04/29 07:11 PM
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Kokel, Nicolas
PetroRabigh EO/MEG mass balance details added.

EO/MEG technologies and mass balance details have been added.

2024/04/29 06:41 PM
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Kokel, Nicolas
SEPC Singapore EO/MEG process balanced out.

Shell EO and Shell OMEGA added and mass balanced.

2024/04/29 03:52 PM
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Kokel, Nicolas
Marun PetChem
Marun Petrochemical Complex modeled and mass balanced

Marun Petrochemical Complex is fully modeled and mass balanced.

2024/04/29 01:42 PM
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Kokel, Nicolas
Ethylene Oxide Hydrolysis into Ethylene Glycols Ethylene Oxide Hydrolysis into Glycol updated

Ethylene Oxide Hydrolysis into Glycol has been updated.

2024/04/29 09:43 AM
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Kokel, Nicolas
Shell OMEGA Process Shell OMEGA Process updated

Shell OMEGA Process has been updated.

2024/04/29 09:05 AM
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Kokel, Nicolas
Shell MASTER Process Shell MASTER Process created

Shell MASTER Process has been created.

2024/04/29 07:56 AM
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Kokel, Nicolas
Shell EO Shell EO Process updated

Shell EO Process has been updated.

2024/04/29 06:34 AM
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Kokel, Nicolas
AKPC Khuzestan Site fully modeled with mass balance and technologies.

Site is fully modeled with mass balance and technologies.

2024/04/28 07:08 PM
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Kokel, Nicolas
lyondellbasell Hostalen lyondellbasell Hostalen created

lyondellbasell Hostalen technology has been added.

2024/04/28 03:04 PM
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Kokel, Nicolas
lyondellbasell Hostalen ACP Hostalen ACP Technology updated

Hostalen ACP Technology has been updated.

2024/04/28 02:38 PM
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Kokel, Nicolas
Axens AlphaButol Axens' AlphaButol process updated

Axens' AlphaButol process has been updated.

2024/04/28 12:39 PM
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Kokel, Nicolas
Acetylene Acetylene created

Acetylene has been added.

2024/04/28 07:00 AM
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Kokel, Nicolas
Total Antwerp Mass balance initialized

Mass balance initialized with ethylene production capacities.

2024/04/27 08:43 PM
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Kokel, Nicolas
BASF Antwerp
Mass balance initialized

Naphtha cracker and ethylene production added.

2024/04/27 08:06 PM
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Kokel, Nicolas
MOL Petrochemicals Mass balance initialized

Mol Petrochemicals mass balance has been initialized with ethylene capacity. 

2024/04/27 08:05 PM
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Kokel, Nicolas
Linde Steam Cracking Linde Steam Cracking Technology added.

Linde Steam Cracking Technology has been added.

2024/04/27 03:04 PM
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Kokel, Nicolas
BIPC Bandar Mahshahr BIPC site created

BIPC manufacturing site has been created. 

2024/04/27 12:19 PM
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Kokel, Nicolas
BIPC BIPC's production records


If it were not for Bandar Imam's production record, how many billions of petrol would Iran 🇮🇷 import?
At the same time as the record import of $1.8 billion in gasoline in 1402 by "refining and distributing" while two years ago Iran was one of the major exporters of gasoline in the Persian Gulf and the Middle East, a new record production record in Bandar Emam petrochemical turned into a saving angel for reducing gasoline imports.
Bandar Emam Petrochemical Co. with 101% of the plans, produced more than 500,000 MTBE last year, which has improved the seven-year record of production of this strategic product.
Last year, a historic record of MTBE production undoubtedly led to octane upgrades and gasoline production in Iranian oil refineries.

Source: Dr.saeed azadeh, Linkedin post, Mar 2024

2024/04/27 12:10 PM
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Kokel, Nicolas
BIPC Bandar Imam Petrochemical Company created.

 Bandar Imam Petrochemical Company has been created.

2024/04/27 11:21 AM
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Kokel, Nicolas
BPSC Khuzestan BPSC Khuzestan Petrochemcial site created

BPSC Khuzestan Petrochemcial site has been created.

2024/04/27 11:00 AM
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Kokel, Nicolas
BSPC Bouali Sina PetChem Co. created

Bouali Sina Petrochemical Company has been.

2024/04/27 10:52 AM
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Kokel, Nicolas
AKPC Khuzestan AKPC production site created

AKPC production site has been created.

2024/04/27 10:42 AM
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Kokel, Nicolas
AKPC Amir Kabir Petrochemical Company created

Amir Kabir Petrochemical Company has been created.

2024/04/27 09:51 AM
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Kokel, Nicolas
Marun PetChem Marun Petrochemical Complex created

Marun Petrochemical Complex has been created.

2024/04/27 09:38 AM
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Kokel, Nicolas
Marun Oil & Gas Marun Oil & Gas created

Marun Oil & Gas has been created.

2024/04/27 09:38 AM
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Kokel, Nicolas
Marun Marun Petrochemical Group created

Marun Petrochemical Group created.

2024/04/27 09:37 AM
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Kokel, Nicolas
Yizheng Chemical Sinopec Starts Production at the World’s Largest PTA Project

Recently, the world’s largest PTA project by single-unit production capacity was officially put into operation at Sinopec Yizheng Chemical Fiber Co., Ltd. in Jiangsu Province.

As a crucial intermediate and a key raw material for PET resin, which is widely used in the production of plastic bottles, fibers, films, and packaging materials, PTA plays a significant role in various aspects of people’s daily lives.

The PTA plant is also one of the most complex facilities in petrochemical industry. Sinopec has adopted short-process, smart-manufacturing and green production technologies to lead the industrial pack. 

With a production capacity of 3 million tonnes per year, the project aims to better meet people's evolving needs in areas such as clothing, food, housing, transportation, and environmental health.

Source: Sinopec News, 16th Apr 2024

2024/04/26 08:10 PM
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Kokel, Nicolas
Yizheng Chemical
Sinopec Yizheng Chemical Fibre Company Limited

Sinopec Yizheng Chemical Fibre Company Limited created.

2024/04/26 07:59 AM
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Braun, Uwe
Golden Triangle Logo updated

Logo and website link updated

2024/04/25 03:43 PM
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Kokel, Nicolas
Technip Steam Cracking
Technip ethylene plants productions to be added

For my recollection Braun, Uwe 

Reliance Jamnagar refining and petrochemical Complex – India
As part of the expansion of a world-scale refining petrochemical complex, TechnipFMC supplied the license, basic and detailed engineering as well as procurement services for a Refining Off Gases Cracker (ROGC) with 1,400 KTA ethylene production.
This first-of-a-kind plant will use only refinery off gas as single feedstock. Startup is planned for 2017.

Etileno XXI - MexicoDow Chemical Co. LHC-9, USA:
In 2012, Braskem Idesa awarded to TechnipFMC (in a joint venture with Odebrecht and ICA Fluor) a contract for the engineering, procurement and construction (EPC) of a petrochemical complex in the Mexican state of Veracruz. The complex includes a 1,050 KTA ethane cracker, one low density polyethylene and two high density polyethylene units as well
as utilities and offsites. The contract follows the FEED for the overall complex awarded in 2011. The plant started up in 2016.

Dow Chemical Co. LHC-9, USA:
We are providing the technology license, FEED and cracking furnaces engineering and procurement for a 1,500 KTA ethane cracker in Freeport, Texas. This is the fourth new grassroots plant of the Dow Chemical Company worldwide that
has been awarded back-to-back to TechnipFMC in the last 10 years.
The plant has now been expanded to 2,000 KTA, making it the world’s largest capacity operating ethylene plant. The facility includes one low density polyethylene and two high density
polyethylene units as well as utilities and off-sites.

Sasol - USA
TechnipFMC, in a joint venture with Fluor, is providing engineering, procurement and construction management for Sasol’s 1,500 kTA tons per year ethane cracker and
derivatives complex near Lake Charles, Louisiana. During the early stage of the project’s development we were awarded the license and front-end engineering design for the cracker and later, provided engineering and procurement for eight proprietary Ultra Selective Conversion furnaces.

Yansab
• Contract: EPC, Technology license
• Start-up: 2009
1,380 kTA ethane/propane cracker, with pre-investment
for a 1,700 kTA capacity.

CNOOC
• Contract: PDP, Technology license
• Start-up: 2018
1,000 KTA liquid cracker (naphtha, hydrocracker residue
and Refinery Off-Gas (ROG) feed.

Technip technology selected for gas cracking ethylene plant in China, February 24, 2016
Leveraging its expertise in proprietary technology and equipment Technip (originally Stone & Webster) announced today that it has entered into a contract to supply its proprietary ethylene technology, Process Design Package, technical services
and proprietary equipment to SP Olefins (Taixing) Co. Ltd, a subsidiary of SP Chemicals(1), for a 650 KTA grassroots gas cracker. Located in Taixing, Jiangsu Province, China, the plant will use low cost ethane and propane from North America. It will be part of SP Olefins 1100 KTA Light Hydrocarbon Utilization Project.

2024/04/22 08:18 PM
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Kokel, Nicolas
Technip Steam Cracking Technip Energies Steam Cracking updated

Technip Energies Steam Cracking technology has been updated.

2024/04/22 08:01 PM
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Braun, Uwe
BASF BASF acquiring wind farms from Vattenfall


Vattenfall and BASF sign purchase agreement for 49 percent of Germany’s Nordlicht offshore wind farms. 

Joint Press Release

BASF investing in wind farms for powering the energy transition in Ludwigshafen. (Steam Cracker project with SABIC).

#Sustainability 

2024/04/22 07:38 PM
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Kokel, Nicolas
Steam Cracking Steam Cracking Process updated

Steam Cracking Process description has been updated.

2024/04/22 11:26 AM
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Kokel, Nicolas
Clinker Incineration Clinker created

Incinerator Clinker has been added.

2024/04/20 11:13 AM
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Kokel, Nicolas
Boiler Slag Boiler slag added.

Boiler slag has been created.

2024/04/20 11:12 AM
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Kokel, Nicolas
ENGIE Engie scraps H2Sines.Rdam aimed to ship liquid hydrogen from Portugal to The Netherlands


An aerial view of the Port of Sines. Photo: Port of Sines

H2Sines.Rdam, a proposed 400MW green hydrogen project in Portugal, aiming at shipping liquid hydrogen from Portugal to the Netherlands, has been cancelled despite being in line for a multi-million-euro grant from the E.U. Innovation Fund.

The cancellation is justified by a lack of market and clear regulations for the project. An assessment by Shell concluded that the project was no economically viable. One main deterrent is the lack of ships with sufficient liquid hydrogen carrying capacity.  

The project partners Engie, Shell, storage tank company Vopak and shipping firm Anthony Veder decided to terminate the project in October 2023.

Source: Hydrogeninsights, 5th Apr 2024

#shell #hydrogen  #liquidhydrogen  #greenhydrogen 

2024/04/19 07:45 AM
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Kokel, Nicolas
Etileno XXI Etileno XXI petrochemical complex in Coatzacoalcos created

Etileno XXI petrochemical complex in Coatzacoalcos created.

2024/04/16 07:54 PM
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Kokel, Nicolas
Braskem Idesa Shareholder structure defined

Shareholder structure defined.

2024/04/16 07:04 PM
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Kokel, Nicolas
Braskem Idesa
Braskem Idesa created.

Braskem Idesa has been created.

2024/04/16 06:54 PM
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Kokel, Nicolas
IDESA
Grupo IDESA created.

Grupo IDESA has been created.

2024/04/16 05:20 PM
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ExxonMobil Holding
🇬🇾 ExxonMobil Commits USD 12.7 Billion Investment in Whiptail Oil Field Development in Guyana

🇬🇾

ExxonMobil has finalized its decision to proceed with the development of the Whiptail oil field within the Stabroek block located offshore Guyana. The total financial commitment to this development project stands at $12.7 billion. Anticipated production from the field by the end of 2027 is estimated to reach approximately 250 thousand barrels per day (bpd). This significant addition will elevate Guyana's total oil production to 1.3 million bpd, placing the nation among the ranks of the world's leading oil producers. Exxon intends to drill a total of 48 wells within the field as part of its development strategy. Having been active in Guyana for five years, ExxonMobil has contributed over $4.2 billion to the country's economy during this period. Additionally, more than 6 thousand local residents are employed in Exxon's operations, with a production volume exceeding 600 thousand bpd. ExxonMobil Guyana Limited, a subsidiary of Exxon, serves as the operator of the Stabroek block and holds a 45% stake in the project. Hess Guyana Exploration Ltd. holds 30%, while CNOOC Petroleum Guyana Limited holds the remaining 25% ownership share.

#guyana #crudeoil 

2024/04/16 01:26 PM
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Kokel, Nicolas
Record Highs in Tanker Prices


The burgeoning demand for maritime transport has propelled tanker prices worldwide to unprecedented levels.

As of spring 2024, the cost of sea tankers, both new and used, has skyrocketed to historic highs, marking a pinnacle not witnessed in 15 years, as reported by Drewry.

The surge in tanker prices can be attributed to soaring freight rates coupled with limited availability of vessels and shipyards.

The uptrend in newbuilding costs commenced in 2021, spurred by a surge in container orders, which subsequently reduced order slots at shipyards. In 2022, prices for used tankers surged following shifts in global logistics.

Various factors have fueled demand for medium-sized tankers, including anti-Russian sanctions, while the demand for large vessels surged in 2023 with the expansion of long-haul trade between Europe and Asia and the recovery of consumption in China.

Consequently, experts assert that the current demand for tankers has resulted in older vessels fetching prices well above their original costs.

For instance, the cost of a large tanker constructed five years ago surged from $96 million in 2019 to approximately $110-113 million in Q1 2024, marking a staggering 60% increase over the past five years, with newbuilds following suit in the upward trajectory.

#tanker  #oiltanker  #seatanker  #shipbuilding  #maritimtransport 

2024/04/15 04:24 PM
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Kokel, Nicolas
Fly Ash Fly Ash added

Fly Ash has been added.

2024/04/15 09:51 AM
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Kokel, Nicolas
Steel Slag Steel Slag added

Steel Slag has been added.

2024/04/15 09:21 AM
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Kokel, Nicolas
Incineration Bottom Ash Incineration Bottom Ash added

Incineration Bottom Ash has been added

2024/04/15 05:56 AM
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Kokel, Nicolas
Coal Bottom Ash Coal Bottom Ash added

Coal Bottom Ash has been added

2024/04/14 08:18 PM
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Kokel, Nicolas
Pulverized Coal Pulverized Coal added

Pulverized Coal has been added.

2024/04/14 04:07 PM
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Kokel, Nicolas
Bottom Ash Bottom Ash added

Bottom ash has been added.

2024/04/14 03:22 PM
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Kokel, Nicolas
🇷🇺🇮🇳 Russian Oil Prices Exceed G7 Cap




Bloomberg reports that the price of Russian oil significantly surpasses the price cap established by the G7, intended to curb Moscow's revenue for military actions in Ukraine, indicating substantial non-compliance. According to Argus Media, Russia's primary Urals grade commands around $75 per barrel upon departure from Baltic and Black Sea ports. However, by the time Urals cargoes reach India, the price escalates to $88 per barrel, a mere $3.80 below the benchmark Brent, as per Argus data. Additionally, Russian ESPO crude leaving Kozmino port fetches $84 per barrel, consistently evading the price cap for approximately a year. Further disparities arise as 23% of Russian crude supplies in March were insured against spills and accidents by members of the International Group of P&I Clubs. This indicates that traders could attest that the cargo's value was significantly lower than what Argus had priced Urals at. Moreover, a smaller portion was transported via Greek tankers, all insured by Western insurers.

#india  #russia  #pricecap 

2024/04/14 10:41 AM
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Kokel, Nicolas
Waste-To-Energy (Incineration) Waste-to-Energy (Incineration) added.

Waste-to-Energy (Incineration) Technology has been added.

2024/04/12 08:41 PM
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Kokel, Nicolas
Bulky Waste Bulky Waste

Bulky Waste created.

2024/04/12 12:48 PM
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Kokel, Nicolas
Glycol Dehydration Glycol dehydration

Glycol dehydration has been added.

2024/04/12 09:05 AM
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Kokel, Nicolas
Air Separation Air Separation Technology

Air Separation Technology has been added.

2024/04/12 09:04 AM
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Kokel, Nicolas
Tianjin LNG Terminal
PipeChina Tianjin LNG Terminal created

PipeChina Tianjin LNG Terminal has been created.

2024/04/12 08:58 AM
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Kokel, Nicolas
PipeChina PipeChina entity created

PipeChina entity has been added.

2024/04/12 08:39 AM
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Kokel, Nicolas
🇮🇳 India Initiates Construction of First Commercial Strategic Crude Oil Storage Facility




The government's strategic petroleum reserves development and operation company, Indian Strategic Petroleum Reserves Ltd (ISPRL), has announced plans to establish India's inaugural commercial strategic crude oil storage facility.

Until now, India has limited commercial utilization of its three existing strategic oil storage facilities, boasting a collective capacity of 36.7 million barrels.

In pursuit of this initiative, ISPRL has released a tender for the development of a 2.5 million-ton underground storage facility in Padur, located in the state of Karnataka.

#india  #strategicpetroleumreserves  #crueoilstorage 

2024/04/11 11:19 AM
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Kokel, Nicolas
Sabic Geleen 🇳🇱 Sabic closes Olefins-3 cracker at Geleen after maintenance stop


10th April 2024, Jacqueline van Gool, industrielinqs

Sabic will start a turnaround at its location at Chemelot at the end of this week. The Olefins 3 naphtha cracker and five other installations of the cracker complex will be taken out of operation. Sabic announces that it will no longer start the cracker after that.

This maintenance project involves an investment of several million euros. Naphtha cracker Olefins 4 continues to function normally. Sabic indicates that one of the most important parts of the strategy for the site in Geleen is the development of the advanced recycling factory of Sabic Plastic Energy Advanced Recycling. This factory where it wants to chemically recycle plastics is nearing completion.

The changes to the site mark an important step in sustainability and adapting to changing market conditions, according to John Bruijooge, General Manager at Sabic in Geleen.

Two years ago there was already talk of a possible closure of one of the two Sabic squatters at Chemelot. The company then stated that it was engaged in a strategic reorientation in which closing a squatter was a possible option. The Olefins-3 cracker is more than fifty years old.

2024/04/11 09:40 AM
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Kokel, Nicolas
Chlorinated Polyethylene Chlorinated polyethylene added

Chlorinated polyethylene has been added.

2024/04/10 07:04 AM
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Kokel, Nicolas
🇨🇳🛢Chinese Private Refineries Slash Output Amidst Declining Industrial Demand #Refining




Operating performance at small private Chinese refineries has plummeted to a two-year nadir. This downturn, excluding factors like the Shanghai quarantine and the onset of the pandemic, marks the most significant decline since nearly 2016. Notably, diesel constitutes the primary output of these "underground" refineries.

The impetus behind the refinery cutbacks stems from dwindling demand in various sectors, notably the housing market, as reported by Bloomberg. Concurrently, Chinese production has been on a downward trajectory since September.

Diesel prices have cascaded to their lowest echelon since July. In a bid to uphold respectable profit margins—reportedly hovering around the 10-year average, according to Mysteel OilChem—these refineries are curtailing production, albeit at the expense of volume.

Mysteel OilChem underscores the dire lag in diesel demand for refining, spanning from mining to infrastructure development.

"Serving as a cornerstone of China's refining capacity, underground refineries currently grapple with diminished profits from bitumen—a key component in road paving—as well as escalating crude oil prices," reports Mysteel OilChem.

A semblance of reprieve may emerge with the onset of the farming season and the potential renewal of U.S. sanctions on Venezuela, posits Energy Aspects Ltd., which could precipitate a dip in oil prices.

#china  #refinery  #refineries  #refining 

2024/04/10 06:52 AM
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Kokel, Nicolas
Chlorinated Polyethylene
Text field too short

Braun, Uwe 

Have just created this product, but text fied is too short to include the references, and images have also not been added to the description.

References

1. Wikipedia,  Chlorinated polyethylene

2. LOYAL, PVC additives, How Chlorinated Polyethylene is Made

3. Alex Lee, 30th May 2023, What is Chlorinated Polyethylene?

 
2024/04/09 08:23 PM
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Kokel, Nicolas
Kilpathi Mass balance initiated.

Mass balance with info about olefins capacity and aromatics production initiated.

2024/04/09 07:35 PM
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Kokel, Nicolas
🇩🇪 German trade union expresses concerns over Inclusion of all HC in CO2 emissions trading system





The European Parliament and EU countries reached an agreement last year to implement an EU CO2 levy covering gasoline, diesel, natural gas, heating oil, and other hydrocarbons. With current CO2 emission prices at €45 per ton, this agreement is poised to result in an approximate surcharge of 10 cents per liter of gasoline or diesel fuel. However, experts foresee a significant escalation in emission prices to €100-300 per ton of CO2.

Yasmin Fahimi, president of the Confederation of German Trade Unions (DGB), has expressed deep concerns regarding the extension of emissions trading to encompass all hydrocarbons, citing potential irreparable impacts on industrial competitiveness.

Fahimi emphasized the need for reconsideration, stating, "Such decisions are not irrevocable. It is urgent to discuss once more the ramifications for economic and industrial policy stemming from this CO2 emissions pathway."

Notably, concerns about the repercussions of increased gas station prices have also been acknowledged within the Green Party. The removal of diesel subsidies for agriculture could exacerbate their vulnerability to financial strain, potentially leading to immediate bankruptcies.

#diesel  #gasoline  #carboncredits  #carbonemissions #germany 

2024/04/09 01:43 PM
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Kokel, Nicolas
Lukoil Neftohim 🇧🇬🇷🇺 Lukoil Neftochim Refinery in Bulgaria Faces Potential Sale Amid Political Shift


Recent discussions spotlight the potential sale of Lukoil Neftochim in Bulgaria, echoing a broader narrative of severing ties with Russia. Bloomberg's analysis underscores the significance for Bulgaria to distance itself from Russian influence, particularly by ousting Lukoil from the country, aligning with EU and NATO allies.

Amidst Bulgaria's evolution since the end of communist rule, divesting from Russian interests emerges as a crucial step. Contrasting Hungary and Serbia, severing ties would solidify Bulgaria's allegiance to Western alliances.

Critical to this transition, as per Bloomberg and Bulgarian officials, is the acquisition of Lukoil Neftochim by a reputable international entity from Europe, the US, or the Gulf states. This move aims to dismantle Lukoil's sway over Bulgaria's political and economic spheres.

Emphasizing the need for independence in critical supplies, the Bulgarian government aims to avoid reliance on unfriendly nations like Russia. Yet, sentiments within Lukoil Neftochim, employing approximately 1300 individuals, reflect a fondness for the Russian company, underscoring historical ties.

While Lukoil has not publicly announced intentions to sell the refinery, speculation persists, with the Bulgarian Finance Ministry suggesting active pursuit of potential buyers. Litasco SA, Lukoil's international marketing and trading arm, refrained from comment, further fueling speculation surrounding the refinery's fate.

#bulgaria #russia  #refining #Refinery 

2024/04/09 01:26 PM
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Kokel, Nicolas
🇮🇷🇨🇳 Iran's Oil Exports Generate $35 Billion in Revenue for the Year




In the period spanning twelve months until March 2024, Iran's oil exports surged to $35.8 billion.

Despite the reimposition of US sanctions against Tehran in 2018, China's continued purchases of Iranian oil have enabled the nation to uphold a favorable trade balance. As per the country's customs data, excluding oil exports, Iran would have encountered a trade deficit amounting to $16.8 billion.

The overall trade volume experienced a modest increase of 2.6% year-on-year, reaching a total worth of $153 billion, with Iranian exports contributing $86.8 billion to this figure.

#iran  #china  #oilexports 

2024/04/09 01:22 PM
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Kokel, Nicolas
ADNOC 🇦🇪🇨🇳 ADNOC Starts Production at Belbazem Offshore Fields




The Abu Dhabi National Oil Company (ADNOC), the state oil company of the U.A.E. capital region Abu Dhabi, has initiated oil production at the Belbazem offshore shelf in collaboration with the Chinese corporation CNPC. The production is anticipated to yield up to 45 thousand barrels per day, as announced by the company.

Situated approximately 120 kilometers northwest of Abu Dhabi, the Belbazem offshore shelf comprises three fields.

Abdel Moneim Seif Al-Kindi, the director general of the exploration, development, and production department at ADNOC, emphasized the significance of this milestone, highlighting the success of the strategic partnership between ADNOC and China National Petroleum Corporation (CNPC). Al-Kindi also underscored the robust and established bilateral relations between the UAE and China.

#UAE  #UnitedArabEmirates  #China  #oilfield 

2024/04/09 01:17 PM
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Braun, Uwe
Welcome to the Communicator

Tal, Artan 

Dear Artan,

thank you for registering on ppPLUS. The Communicator is available for direct messages to Users or commentary and contributions on Companies, Processes or Technologies.

Feel free to reach out to me for any questions.

Best regards

Uwe

 

2024/04/08 11:04 AM
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Braun, Uwe
BPCL Petrochemical Project update 2024/04/04 09:32 AM
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Kokel, Nicolas
HPL 🇮🇳 Haldia Petrochemicals Ltd is investing $10 billion in Tamil Nadu




Haldia Petrochemicals, a company based in Kolkata, India, produces polymers and chemicals.

The company has decided to invest in an oil-to-chemicals project in Tamil Nadu.

ABOUT THE PROJECT:
☑ Capacity - 3.5 million tonnes of ethylene and propylene
☑ Cost - $10 Billion

BENEFITS:
Ethylene and propylene are used to make
☑ Shopping bags
☑ Car parts
☑ Water pipes

Navanit Narayan, CEO of Haldia Petrochemicals, said:
"The project will convert crude oil into chemicals to meet the growing demand for polymers in the country."

Source: Governance TamilNadu Linkein Post, April 1st, 2024

#india  #oiltochemicals  #ethylene  #propylene 

 

2024/04/02 03:47 AM
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Kokel, Nicolas
Ineos Ltd INEOS completes the acquisition of TotalEnergie’ s petrochemical assets at Lavera

On April 1st, INEOS has completed the acquisition of TotalEnergies’ 50% share of Naphtachimie (720 ktpa steam cracker), Appryl (300 ktpa polypropylene business), Gexaro (270 ktpa aromatics business) and 3TC (naphtha storage, a 50/50 JV between Petroineos and TotalEnergies) announced on July 5th. These businesses have until today been joint ventures between the two companies. A number of other infrastructure assets have also been acquired including part of TotalEnergies ethylene pipeline network in France.

INEOS will now fully integrate the Naphthachimie, Gexaro and Appryl petrochemical businesses, assets and infrastructure into INEOS Olefins & Polymers South at Lavera in Southern France. Gexaro, which is located on the Lavera refinery site will continue to be operated by Petroineos.

Source: INEOS Press Release, Apr 1st, 2024

#steamcracker  #aromatics  #polypropylene  #naphtha  #naphtha  #pipeline  #ethylene  #olefins  #refinery 

2024/04/02 03:38 AM
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Braun, Uwe
Naphtachimie Ineos completes acquisition

From their website

INEOS has today completed the acquisition of TotalEnergies’ 50% share of Naphtachimie (720 ktpa steam cracker), Appryl (300 ktpa polypropylene business), Gexaro (270 ktpa aromatics business) and 3TC(naphtha storage) announced on July 5th. These businesses have until today been joint ventures between the two companies. A number of other infrastructure assets have also been acquired including part of TotalEnergies ethylene pipeline network in France.

2024/04/01 11:12 AM
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Kokel, Nicolas
Saudi Aramco Uncle Sam Strikes Black Gold: US Acquires Saudi Aramco in Shocking Move!

BREAKING NEWS: In a move that's sent shockwaves through the global energy market, anonymous White House insiders have revealed a stunning deal - the US government has acquired a controlling stake in Saudi Aramco, the world's largest oil producer!

This unprecedented move comes amidst growing concerns about America's dwindling strategic oil reserves. With whispers of a "reconstitution emergency" swirling within the Department of Energy, the Biden administration felt compelled to take drastic action.

"This wasn't a decision we took lightly," a high-level source confided. "But ensuring the economic health of the nation sometimes requires bold steps."

Wall Street Erupts in Frenzy: News of the Aramco acquisition has sent the stock market into a tizzy. Oil giants across the board are experiencing a rollercoaster ride, with some analysts predicting a significant restructuring of the global energy landscape.

Saudi Crown Prince MBS Reacts: While official confirmation from the Saudi government is still pending, reports suggest Crown Prince Mohammed bin Salman (MBS) is "exploring all options" with his advisors. The long-standing strategic alliance between the US and Saudi Arabia is sure to face a period of intense negotiation.

Geopolitical Implications Abound: The ramifications of this deal extend far beyond the oil markets. Experts warn of potential friction within OPEC, while others speculate on the potential for a new era of US-Saudi energy cooperation.

Biden: "A Necessary Evil to Secure Our Future" President Biden, in a nationally televised address, is expected to address the nation later today. Early reports suggest he will frame the Aramco acquisition as a "necessary evil" to safeguard the US economy and its future energy independence.

#crudeoil  #strategicoilreserves 

2024/04/01 06:43 AM
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Braun, Uwe
Bharat Oman JV terminated in 2021

JV has been terminated, assets taken over by BPCL. See BPCL company.

Entity: BPCL - ppPlus (portfolio-pplus.com)

 

2024/03/31 09:26 AM
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Braun, Uwe
Bharat Bina Refinery has been modelled under BPCL

Can be removed from the System.

2024/03/31 09:24 AM
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Braun, Uwe
Bina Refinery Reconfigured in Bharat "BPCL"

Original Bharat Oman Refinery was in a JV with OQ, but transferred to BPCL.

Bina Refinery (bharatpetroleum.in)

SINGH, VIRENDRA 

2024/03/31 09:22 AM
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Braun, Uwe
Welcome to the Communicator

Canastra Gomes, Carolina 

Dear Carolina,

welcome to ppPLUS. This is a message from the Communicator. Feel free to reach out to me, to learn, how ppPLUS can assist you navigating in the world of Energy and Petrochemicals.

Best regards

Uwe

Braun, Uwe 

2024/03/29 08:38 PM
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Braun, Uwe
Reliance Ltd. Reliance refusing Sovcomflot oil shipments after sanctions

The development adds to oil export problems for Russia as its oil firms may face difficulties finding ships to sell surplus oil after recent Ukrainian drone attacks on the state's refineries. Russian companies are already struggling to collect payments for oil exports due to banking restrictions. The U.S. has imposed wide-ranging sanctions on Russia since its invasion of Ukraine two years ago. In February, the U.S. imposed sanctions on Sovcomf .
 

Read more at:
https://economictimes.indiatimes.com//industry/energy/oil-gas/reliance-refusing-sovcomflot-oil-shipments-after-sanctions-sources-say/articleshow/108654291.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

2024/03/21 08:58 AM
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Braun, Uwe
test


2024/03/19 02:45 PM
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Kokel, Nicolas
Shell 🇷🇺 🇬🇧 Shell Continues Commitment to NOVATEK Partnership




Shell, the British multinational energy company, reaffirms its enduring collaboration with Russia's NOVATEK, as indicated in its latest financial report. Maintaining a stake of 27.5 percent in Sakhalin Energy Investment, Shell remains dedicated to its long-standing contract for LNG procurement from NOVATEK. Despite the transfer of management of Sakhalin Energy to a new Russian operator appointed by the president in 2022, key Japanese stakeholders Mitsui & Co. and Mitsubishi remain involved in the project. The agreement between Shell and Sakhalin Energy to supply up to 1 million tons of LNG annually, valid until 2028, underscores the sustained partnership. Notably, the project achieved a milestone in 2023, exporting over 10 million tons of LNG.

2024/03/19 07:18 AM
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Kokel, Nicolas
Oil and Gas Sector Sees Record M&A Activity in 2023 #Oil & Gas M&A

Enverus Intelligence Research (EIR) analysts have provided an overview of merger and acquisition (M&A) activity within the U.S. upstream sector for both the fourth quarter and the entirety of 2023.

The final quarter of 2023 witnessed unprecedented activity, marking a historical high in observed M&A transactions within the U.S. oil and gas industry, totaling $144 billion. Over the course of the entire year, M&A deals amounted to $190 billion, also setting a new record.

Notably, two significant transactions significantly contributed to these figures: Exxon's acquisition of Pioneer Natural Resources for $65 billion and Chevron's purchase of Hess for $60 billion.

This surge in M&A activity is noteworthy considering the backdrop of a decade-long decline in investment in oil and gas exploration. Despite the identification of major shale oil fields in the U.S., investment in new wells has waned, with industry giants opting to acquire existing assets instead.

Analysts at Dittmar observed that the market is currently characterized by an imbalance, with more buyers than sellers, resulting in escalated prices.

#oil &gas #m &a #upstream  #oilandgas  #exxonm  #chevron 

2024/03/18 08:19 PM
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Braun, Uwe
Welcome to ppPLUS

site, dariya 

Welcome to ppPLUS, this is a message from the build in Communicator. You can respond to this message, or create new messages to other Users, by selecting the user with @....

Object linked messages for companies, technologies, products ... should be initiated from the particular object.

As per our Welcome-Email, please contact me to learn, how you can actively benefit from our platform.

2024/03/17 09:56 AM
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Kokel, Nicolas
White Hydrogen 🇫🇷 France, the future El Dorado of hydrogen?

Translation of an article published in French language on 'La Sélection du Jour' by Janus Maat on 12th March 2024.

The Largest Global Deposit of Hydrogen Located Underground in France! The largest global deposit of hydrogen is located underground in France! Last year, in 2023, French geologists drilled the Lorraine soil in search of methane, a gas widely used in industry. According to their analyses, they thought they would find 370 billion cubic meters there, which represents 8 years of global gas consumption. A probe specially designed for this type of drilling, patented in April 2023, then began to dig at a depth of more than 1,000 meters in a well on the commune of Folschviller, 50 kilometers from Metz. Their calculations seem good. They find methane, and pure methane at that! Bingo. But how surprised the French geologists were when they realized that the more they dug, the more the presence of an even more precious gas became significant: hydrogen, or dihydrogen to be more precise, noted H2.

At 800 meters, the quantity of H2 went from 1% to 6%, then to 15% at 1,100 meters... According to their estimates, at 3,000 meters deep, the hydrogen content would even be 90%, which would make the Lorraine deposit a true reservoir of more than 50 million tonnes of natural hydrogen, representing the greatest global concentration of this so-called "white" hydrogen, corresponding to half of global production of "gray" hydrogen.

White? Gray? What do these color codes mean? To better understand them, we need to revisit the production method of hydrogen. The latter is a flammable gas, containing an enormous quantity of energy when placed in contact with oxygen. But it is also very volatile, and any natural source evaporates instantly. It must therefore be synthesized either from a carbon source (black hydrogen) or from methane (gray hydrogen). How to do it?


The Earth and its hydrogen productions (source: C. BICKEL/SCIENCE (DATA) GEOFFREY ELLIS/USGS)

The chemical composition of methane is written CH4: meaning one carbon atom C well surrounded by four hydrogen atoms (H4). It is therefore necessary to break this group of five by force to recover dihydrogen (H2). But this forceful action doesn't happen without a hitch. Dihydrogen (H2) combines by burning with oxygen to form water (H2O), a perfectly clean process since only water is produced following the combustion of hydrogen. Meanwhile, the carbon C rushes to combine with ambient oxygen to form CO2. Admit that it's a shame to have a completely clean gas if, to produce it, we emit so much CO2!

A more virtuous possibility is the production of "green" hydrogen by electrolysis: all you need to do is break a water molecule (H2O) and recover oxygen O on one side and dihydrogen H2 on the other. Electrolysis requires electricity, itself provided by nuclear power plants or decarbonized sources. Hence a source called "green." Unfortunately, the energy balance is now disappointing, since you need to provide energy to produce the consumable whose purpose is to provide us with... energy.

The last color in the spectrum is so-called "white" hydrogen, which is found naturally in deposits. But as we have seen, the latter is too volatile to be captured in the atmosphere. Additionally, H2 is also very reactive, burns easily, and the price to pay for such hyperactivity is that it combines very quickly with the elements it encounters as soon as it's produced, unless... Unless it's found 1,000 meters underground in the Lorraine soil where a river of hot water flows. And that, by chance, the H2O molecules flow over rock rich in iron carbonate. A complex reaction called oxidation-reduction then occurs, which breaks down the water molecule into hydrogen and oxygen. And all for free, without needing to resort to a nuclear reactor! Pure H2 gas is therefore continuously produced in a real hydrogen factory operating at full capacity under the feet of the people of Metz. And it's the biggest one on the planet!

La Française d'Energie (FDE), an energy production company with a reduced carbon footprint, has taken hold of the subject, and has the firm intention to develop the enormous perspectives that will follow this major discovery. It is now estimated that this pocket of gas could contain no less than 260 million tonnes of pure hydrogen! The slogan "In France, we don't have oil, but we have ideas" could very soon be transformed into "In France, we have hydrogen in addition to ideas."

2024/03/14 07:56 PM
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Kokel, Nicolas
Shell 🇬🇧 Shell to Revise Green Energy Targets Downward

According to Bloomberg sources, Shell is planning to lower its green energy targets. The updated long-term strategy will entail increased investment in oil and gas sectors to enhance shareholder returns. The company might unveil this new climate strategy as early as this Thursday. Under the previous CEO, Ben van Beurden, Shell's 2020 strategy aimed for zero net profit to prioritize investments in green energy and achieve net zero emissions by 2050. Since Wael Sawan assumed the role of CEO, Shell has shifted focus towards delivering returns to investors. This shift has resulted in increased payouts to shareholders, job cuts, and a larger portion of investments directed towards  hydrocarbon production. Similar to Shell, BP Plc of Britain revised its climate plans last year, intending to produce more oil and gas and emit more CO2 than previously planned. The announcement of BP's new plans led to an 8% rise in the company's shares.

#greenenergy  #oilandgas  #esg  #climate 

2024/03/14 04:48 PM
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Kokel, Nicolas
Crude Oil 🛢Fossils are still very profitable

7th March 2023, source

In 2023, the return on equity for the entire oil and gas industry was 11.9%. This includes integrated companies, oilfield service companies, drilling, and refining companies. This figure is above the industry's average profitability over the past hundred years, indicating that the sector is currently performing well.



 

2024/03/13 06:31 PM
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Kokel, Nicolas
Polyolefin Plastomer POP, PolyOlefin Plastomers

Polyolefin plastomers have been added

2024/03/07 02:00 PM
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Kokel, Nicolas
Polyolefin Elastomers POE, PolyOlefin Elastomers

POE have been added.

2024/03/07 02:00 PM
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Kokel, Nicolas
Plastics Pyrolysis JV partners Agilyx and AmSty shut down Regenyx polystyrene chemical recycling plant

Regenyx, located in Tigard, Oregon (US), is a 50/50 joint venture between AmSty and Agilyx. The company converts post-use polystyrene back into its original components for production under AmSty’s PolyRenew® label.

Agilyx and AmSty will decommission the Regenyx venture at the end of the five-year agreement. The plant will cease operations by April 30, 2024, alongside the wind down of the venture. 

Over the course of the five-year project, Regenyx processed over 6 million pounds (2,750 metric tonnes) of post-use polystyrene waste. 

Source: Agilyx, 29th Feb 2024

2024/03/05 08:03 PM
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Braun, Uwe
KKR Delaware KKR Investor created

Following Quantafuel acquisition by Viridor, which is ultimately held by KKR.

2024/03/05 09:12 AM
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Kokel, Nicolas
Crude Oil 🇮🇳 India thirsty for Russian oil

Indian state oil refineries are negotiating with Russian "Rosneft" for oil supplies of about 500,000 barrels per day, reports Bloomberg. These negotiations involve long-term contracts, whereas currently, India primarily purchases Russian oil on the spot, i.e., immediate market. In January, oil deliveries from Russia fell by 4-9% compared to December, down to 1.2-1.3 million barrels per day.

The economic rationale of the Indians for why buying Russian oil at discounts is beneficial for the global market is interesting. India's Minister of Petroleum and Natural Gas Hardeep Singh Puri told CNBC, "The world is grateful to India for buying Russian oil. If we start buying more Middle Eastern oil, the price of oil will not be at the level of 75 or 76 dollars. It will be 150 dollars per barrel."

#india  #russia  #rosneft 

2024/03/04 11:59 AM
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Kokel, Nicolas
Crude Oil 🇮🇷 Iran Aims to Boost Gas Production to 1.3 Billion Cubic Meters per Day by 2030




Iranian Oil Minister, Javad Ouji, has announced plans to increase gas production from the current 1.07 to 1.3 billion cubic meters per day by 2030. Despite facing sanctions that hinder investment in the oil and gas sector, Iran is determined to play a significant role in the global gas market.

To achieve this goal, the minister revealed intentions to invest approximately $80 billion, although the sources of such substantial investments remain undisclosed. Reuters reports that Iran currently consumes over 250 billion cubic meters of gas annually, with consumption on the rise. This growth in demand poses challenges not only for Iran's export aspirations but also for its domestic gas supply.

2024/03/04 11:59 AM
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Kokel, Nicolas
Crude Oil 🇹🇷 Republic of Türkiye Aims for Energy Independence with Projected Oil Production Increase




Republic of Türkiye is poised to boost its own oil production significantly, potentially reaching 100,000 barrels per day (bpd) or 5 million bpd by the close of 2024. Currently, the state-owned oil company, Turkish Petroleum (TPAO), has already drilled 28 production wells, including recent efforts in Shirnak province. As of December, Republic of Türkiye's domestic oil production stood at 33,000 bpd.

This surge in production aligns with Turkey's strategic objective of attaining energy independence. President Recep Erdogan has positioned plans to augment production as a pivotal electoral promise.

One of the critical sites contributing to this surge is the Gabar Mountains, boasting reserves of up to 150 million barrels. The field's projected production capacity is estimated at 100,000 bpd, contingent upon the drilling of over 100 additional wells. Originally slated to achieve this operational capacity by 2023, efforts are now focused on reaching this milestone by the end of 2024.

Meanwhile, Republic of Türkiye's daily oil consumption remains at 1 million barrels or 50 million tons annually, underscoring the significance of the projected production increase in advancing the nation's energy security.

2024/03/03 06:40 PM
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Kokel, Nicolas
BP p.l.c 🇬🇧 BP's Return to Hydrocarbons: A Strategy Shift



British Petroleum (BP) appears poised to refocus on hydrocarbons, a move that could bolster the company's profitability. However, without a clear declaration of this shift, investors may not reap the benefits, potentially stagnating the share price, as indicated by active investor BP Bluebell Capital Partners, as reported by Bloomberg.

According to Bluebell Capital Partners co-founders Giuseppe Bivona and Marco Taricco, BP ought to ramp up investments in oil and gas while scaling back spending on costly renewable energy ventures to enhance returns for shareholders, as outlined in Bluebell's October communication.

The hedge fund observed indications of BP moving in this direction during its fourth-quarter presentation, the first since Murray Auchincloss assumed leadership of the company. Auchincloss emphasized a "pragmatic" and "flexible" approach to the energy transition, suggesting that BP's oil production could surpass the anticipated 2-3% target for 2027.

While holding only a minor stake in BP (the exact size undisclosed), activist investor Bluebell, through its co-founder Bivona, has engaged with numerous major shareholders, many of whom echo concerns about the company's underwhelming shareholder returns and endorse the fund's proposal for strategic change.

Bluebell's history of shareholder activism includes advocating for a leadership change at Danone in 2021, attempting to compel Glencore to divest its coal business that same year (though unsuccessfully), and calling for Bayer to divide its business into three segments in 2023.

#renewable  #renewableenergy  #oilandgas 

2024/03/03 06:30 PM
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Kokel, Nicolas
Gasification Industrial gasification process description

Industrial gasification process description created.

2024/02/22 04:01 AM
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Braun, Uwe
Guru Gobind Singh
Major Polymer Project

Expanded the Mass Balance with the information on the Polyolefins.

Information on PE Technology and start-up dates missing.

Petrochem Update

2024/02/20 11:48 AM
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Kokel, Nicolas
Hydrogen Shell Closes Hydrogen Refueling Stations in the United States

Shell has declared the cessation of operations for all seven of its hydrogen refueling stations for passenger cars in California, effective February 6th. Citing "hydrogen supply issues and other external market factors," the company conveyed its decision through a statement on the Hydrogen Fuel Cell Partnership website. Despite these closures, Shell affirms its commitment to operating truck refueling stations.

Following the shutdown of Shell's stations, the count of operational open retail stations for passenger cars in California is expected to dwindle to 61, according to the California Energy Commission's latest data.

This announcement marks the first station closures of 2024, following a series of similar declarations throughout the preceding year. Notably, in October 2023, True Zero, California's largest hydrogen supplier, announced the closure of 10 stations. Furthermore, in November and December of the same year, Shell, Iwatani, and Messer shuttered several stations, citing supply constraints.

#refueling  #shell 

2024/02/17 01:46 PM
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Braun, Uwe
Communicator Message

SINGH, VIRENDRA 

Virendra, this is a message from the Communicator. 

Can I suggest please, that you upload a profile picture, to identify you easier.

Thank you.

Uwe

 

2024/02/16 12:55 PM
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Braun, Uwe
Viridor Viridor created

Set up following the acquisition of Quantafuel

Kokel, Nicolas 

2024/02/15 12:20 PM
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Braun, Uwe
Repsol Sines Mass Balancing

Kicked off MB with 2018 data. Will be interesting to see Project ALBA integration.

Good data-transparency on old configuration from presentation. Assigned ⭐⭐⭐ for Data transparency

2024/02/15 12:06 PM
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Braun, Uwe
Repsol Sines Project ALBA

Project Update, Reactor delivery


2024/02/15 11:18 AM
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Braun (Sysadmin), Uwe
Repsol Sines Sines Site Presentation

Detailed Site Presentation with process flows.

Site Presentation

2024/02/15 11:01 AM
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Kokel, Nicolas
Quantafuel
Viridor takes full ownership of Quantafuel AS

Viridor has assumed full ownership of Quantafuel as the Oslo Stock Exchange delisted Quantafuel AS’ shares from Euronext Growth on 7th February.

Viridor, 8th Feb 2024.

#pyrolysis  #plasticwaste  #recycling  #chemicalrecycling 

2024/02/15 07:56 AM
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Kokel, Nicolas
Plastics PyOil Towards certification of waste for chemical recycling, pyrolysis oil?

Circular Polymer Resources and AmSpec Group to develop a process to test and certify the composition and quality of plastic waste used in chemical recycling, Beatriz Santos from Sustainable Plastics reports on Feb 7th.

Notable, the article mentions that:

"Pyrolysis oil must be diluted with fossil-derived oils or treated to improve its quality to bring it ‘on-specification’ for steam cracking. This diminishes the yield of recycled plastic from pyrolysis or requires energy intensive processes, respectively..."

#chemicalrecycling  #molecularrecycling  #advancedrecycling  #massbalance  #circularpolymer  #pyrolysis 

2024/02/15 07:48 AM
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Braun, Uwe
ppPLUS Solutions

Aguiar de Castro, Alexandre 

Dear Alexandre, have you checkout already our new module ppPLUS Solutions?

Solutions - ppPlus (portfolio-pplus.com)

I sent you an email, inviting you, to collaborate with us on this new innovative module.

Looking forward, to hear back from you.

Uwe

 

2024/02/12 07:12 PM
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Braun, Uwe
Saras S.p.A 35% Sale to Vitol Group

Massimo Moratti S.a.p.A. di Massimo Moratti, Angel Capital Management S.p.A. (“ACM”), and Stella Holding S.p.A. (collectively the “Moratti family”) and Vitol B.V., a company based in The Netherlands (or a wholly-controlled entity designated by Vitol), (“Vitol”) have entered into a sale and purchase agreement (the “SPA”) pursuant to which the Moratti family has undertaken to sell to Vitol, shares of Saras S.p.A. (“Saras”) representing approx. 35% of Saras’s corporate capital (the “Transaction”), at a price per share equal to €1.75/share (the “Price per Share”).

Members of the Moratti family enter into an agreement to sell approx. 35% of Saras to Vitol - Vitol.com

2024/02/12 07:02 PM
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Braun, Uwe
Duqm Refinery Project Summary

Project Summary from Engineering partner Petrovac

Transforming Duqm – an engineering marvel | Petrofac

2024/02/12 02:40 PM
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Kokel, Nicolas
Crude Oil India to Invest $67 Billion in Oil and Gas Sector by 2030

Prime Minister Narendra Modi announced that India is poised to invest approximately $67 billion in the development of its oil and gas industry in the upcoming years. Modi stated that the aim is to elevate the share of natural gas in the energy mix from 6% to 15%. He highlighted the necessity of this investment, estimating it will be executed over the next 5-6 years.




Modi further underscored India's significant position as the third-largest global consumer of energy, oil, and LPG, and the fourth-largest importer and processor of LNG. He projected that India's hydrocarbon demand would escalate from the current 19 million barrels of oil equivalent to 38 million boe by 2025.

Emphasizing India's achievements in renewable energy, Modi noted that the country ranks fourth globally in installed renewable energy capacity. He added that approximately 40% of the nation's installed capacity is derived from non-fossil fuel sources.

Considering this trajectory, Modi expressed confidence that, with appropriate strategies, India could potentially serve as a quality alternative to Europe in the coming years, thus hinting at significant geopolitical implications.

#naturalgas  #oilandgas  #investment  #enrgy  #india 

2024/02/10 03:56 PM
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Kokel, Nicolas
White Hydrogen White / Natural hydrogen description updated

The description of white / gold / natural / fossil hydrogen was updated.

2024/02/10 03:23 PM
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Braun, Uwe
Welcome to ppPLUS

Sarkar, Krishno 

Dear Krishno,

welcome to ppPLUS. This is a message from the ppPLUS Communicator.

An extra welcome message will be sent by Email.

Best regards

Uwe

 

2024/02/10 08:05 AM
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Kokel, Nicolas
Crude Oil Record U.S. Surge of Venezuelan Oil Imports Amid Shifting Global Dynamics

In 2023, the United States significantly increased its oil imports from Venezuela, marking a notable deviation from recent years' trends. This rise coincided with a strategic shift in oil procurement, partially substituting Venezuelan crude for Russian supplies.

According to U.S. statistics, American companies imported Venezuelan oil in unprecedented quantities, surpassing $2.5 billion. Despite this surge, Venezuelan oil imports constituted a mere fraction—0.15%—of the total U.S. imports.

Nonetheless, for Venezuela, this surge represents a significant milestone, marking the highest volume of oil sales to the U.S. in the past five years. Notably, since mid-2019, direct purchases of Venezuelan crude by the U.S. had ceased, only resuming in 2023 under a monthly procurement arrangement.




Conversely, the regularity of U.S. oil purchases from Russia ceased in May 2022. It wasn't until the end of 2023 that the United States resumed buying modest quantities of Russian crude. American companies acknowledge that the resurgence in Venezuelan oil purchases corresponds with Washington's pivot away from Russian energy supplies.

2024/02/07 04:09 PM
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Kokel, Nicolas
Crude Oil Brazil Achieves Record-breaking Production Levels

Brazil's fuel and energy sector has achieved a milestone by surpassing a production level of 4.4 million barrels per day (bpd) in oil equivalent for the first time. This marks a significant increase compared to the previous record set the year before last, which was 11% lower. As Brazil prepares to join OPEC+, questions arise about the potential impact on the global oil market.

According to the country's national oil agency, Brazilian production reached a record high of 4.4 million barrels of oil equivalent per day (boe/s), surpassing the previous record set in 2022 at 3.9 million boe/s. Notably, both oil and gas production volumes reached record highs, with oil production at 3.4 million bpd and gas production at 150 million cubic meters per day.

The achievement is largely attributed to the largest offshore field, Lula (formerly Tupi), which made a substantial contribution to the record levels of oil production.




These production milestones come amidst Brazil's announcement of its intention to join OPEC+. However, this decision has sparked controversy domestically. While the country's Energy Minister, Aleshandri Silveira, expressed support for joining the OPEC+ deal, the head of the state-owned Petrobras, Jean-Paul Prates, opposed the idea, citing concerns about production restrictions imposed by the organization.

#brazil 

2024/02/07 04:05 PM
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Braun, Uwe
Tamilnadu Partnership with Ineos

Tamilnadu entering partnership with Ineos for the expansion of their caustic soda production.

INEOS Electrochemical Solutions announce technology contract with Tamilnadu Petroproducts

2024/02/07 11:00 AM
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Braun, Uwe
Tamilnadu
Technology

Kokel, Nicolas 

When you have a moment. Tamilnadu produces LAb with UOP Technology. We have a number of UOP Technologies, but not sure, if it is the one for this product.

Thanks

Linear Alkyl Benzene (LAB) Division - Tamilnadu Petroproducts Limited (tnpetro.com)

2024/02/07 10:57 AM
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Kokel, Nicolas
Crude Oil Iran's Oil Exports Surge by 50% in 2023

In 2023, Iran witnessed a remarkable surge in its oil export shipments, averaging 1.3 million barrels per day. This figure represents a substantial increase of nearly 50% compared to the previous year and marks the highest export rate in the past five years.








Kpler reports that China emerges as the primary recipient of Iran's oil exports, while other consumer nations contribute only minimally to the total export volume.

According to the International Energy Agency (IEA), Iran's overall crude oil production for the year reached 2.99 million barrels per day, indicating an increment of 0.44 million barrels per day from the preceding year.

These statistics corroborate earlier media speculations and official statements from the Iranian government, highlighting a significant upsurge in both oil production and exports throughout 2023, despite the enduring constraints of stringent US sanctions.

#iran