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30th January: Downstream news update

Hydrocarbon Engineering,

Zhejiang Hengyi Petrochemicals has announced plans to construct an integrated refinery and aromatics complex in Pulau Muara Besar, Brunei. A land lease agreement for the facility has already been signed and approval to build the plant has been granted. Sinopec Engineering will be undertaking the FEED work.

The Egyptian Trade and Industry Minister Moneir Fakhry Abd el-Nour has formed a committee. The committee is made up of several bodies including the Social Development Fund and the Egyptian Petrochemicals Holding Company and has been established to decide if a petrochemical complex is going to be constructed in Alexandria.

Startup of a gasoline producing unit at the South Refineries Co Basra refinery is imminent, according to reports. The new unit will boost the plant’s processing capacity by more than 210 000 bpd.

JX Holdings is going to refine 1.25 million bpd in February for domestic consumption. This figure is down 5% on the same time in 2013. In January the figure was 8% down on 2013 levels for the same month.

ORPIC is apparently seeking a US$ 3 billion loan for an upgrade project at the Sohar refinery. The company are seeking to secure the financing by the end of April this year.

South Africa
A group of South African investors have said they are interested in building an ethanol refinery in Edo State. There are apparently good raw material and infrastructure potentials in the region.

The SOCAR owned refinery, currently under construction in Izmir city will be operational by 2017, according to reports. The complex will produce a variety of products including ethylene, aromatic hydrocarbons and polypropylene.

Philadelphia Energy Solutions is starting turnaround work at its Philadelphia refinery early due to an unplanned outage at the plant that shutdown units. The maintenance will include 38 days of work on an FCC unit and 28 days work on a crude unit.

Keystone Biofuels Inc. and KBI Industries Inc. have announced intentions to sell their biodiesel refinery. The companies are also apparently open to taking on a partner to help fund the Camp Hill operation.

Valero Energy Corp. is going to spend US$ 730 million to upgrade two Texas refineries to enable them to process Eagle Ford Shale. US$ 390 will be spent on the Houston refinery and US$ 340 million on the Corpus Christi plant.

The Australian joint venture MBCJV and Phoenix Materials and Constructing Company have formed a further joint venture o build a refinery in Zambia. The plant is expected to need US$ 1.6 billion of investment and be online in 2016. The Bwana Mkubwa oil refinery will have a processing capacity of 5 million tpa.

Edited from various sources by Claira Lloyd

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