Downstream news roundup: 23 October 2014
India
Following the hand over of Haldia Petrochemicals by the West Bengal government to The Chatterjee Group (TCG), there is no sign of the plant recommencing operations. It has been reported that a restart is not on the cards as the management have failed to secure funds to allow the purchase of naphtha feedstock.
Anita Rajendra, IAS, Nominee Director of Andhra Pradesh Industrial Development Corporation has resigned from the Board of the Company. A letter was received by the company from Rajendra on October 20 and ceased to be director from that point.
IG Petrochemials LTD has announced the restart of its Phthalic Anhydride Plant in Taloja. The facility was offline for a change of catalyst, but operations are now once more up and running and are reportedly stable.
Iran
Iranian officials have said that the country has exported over 7.8 million t of petrochemical products in the six month period ending on September 22. These shipments are reportedly worth US$ 5.1 billion and total petrochemicals output in the country for the period stood at 22.8 million t. In the previous calendar year, Iran produced 40 million t of petrochemicals.
Nigeria
The Nigerian House of Representatives has mandated its Committee on Petroleum Resources to look into the delay in the beginning of construction of the N 3.7 trillion Greenfield refinery. The committee has two weeks to investigate the failure in commencement of the project in Lagos, Bayelsa, four years after projects were awarded.
Saudi Arabia
It has been reported that Saudi Arabia’s petrochemical industry employed 56% of the GCC’s total petrochemical workforce, the equivalent of 83 700 people, last year. When incorporated with jobs provided by services that support the industry, petrochemicals created 335 000 indirect and direct jobs in the country in 2013.
Singapore
Neste Oil Singapore and National Oxygen (NOX) have signed an agreement to install a CO2 recovery and liquefaction plant. The plant will be located in Neste Oil’s renewable diesel refinery in Singapore. The plant will have a processing capacity of 40 000 tpy. Construction is expected to start in the forth quarter of this year and be complete by the end of 2015.
Edited from various sources by Claira Lloyd
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/23102014/oil-gas-petchem-news-23-oct/
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