Qingdao Jinneng New Material Co. has started-up 900,000 metric tons per annum CATOFIN propane dehydrogenation (PDH) plant in Qingdao, Shandong Province, China
The unit is part of Shandong Ruize’s plan to transition its complex from refining to petrochemicals
The decision is based on demand for renewable products growing substantially with customers’ higher climate ambitions
The transaction is expected to close in the third quarter of 2022, after fulfilment of customary closing conditions
Accorded investment approval for capacity expansion of Digboi Refinery from 0.65 MMTPA to 1 MMTPA at an estimated cost of Rs.740.20 crore.
Contract from African Refineries Port Harcourt includes a feasibility study for an independent section of the plant for the production of Sustainable Aviation Fuel (SAF, also known as Biojet), which will be based on NextChem’s portfolio of green initiatives, using biowaste as feedstock
Scope of delivery for all plants includes basic and detail engineering, delivery of all necessary components, technical – services regarding plant erection as well as supervision of erection and commissioning
New plant at Dwarikesh-Dham will produce 175 KL of ethanol per day
The deal will enable Sipchem to gain a stronger position among regional and international petrochemical producers
In a joint meeting, Dr Mansukh Mandaviya will review the activities of the Health and Fertiliser ministry
The project is slated to be fully operational in 2026, and will be capable of processing 150,000 barrels per day (bpd) of condensate plus side feed of naphtha, that will in turn produce aromatics of 2.3 million metric tonnes per annum (mmtpa), energy products output of 3.9 mmtpa and hydrogen output of 50,000 metric tonnes per annum
This certified product offering aligns with SABIC’s extensive TRUCIRCLE initiative for accelerating the transition of the plastics industry to a circular economy and meets a globally growing customer demand for more sustainable material solutions
The cross-industry collaboration is targeting the achievement of truly circular packaging by incorporating full life cycle thinking in each development step, to create a new standard for the industry
FID is expected before the end of 2023
2022 GHG reduction target reflects the company’s ambition to take the lead on decarbonization and its commitment to UN Sustainable Development Goal no 13 on Climate Action
The expanded partnership will combine SKGC’s petrochemical manufacturing experience with SUEZ’s resource management expertise and Loop’s breakthrough proprietary technology to supply 70,000 M/T of virgin quality, 100% recycled, polyethylene terephthalate (“PET”) plastic and polyester fiber to the European market
Companies are cooperating to enable the production of a major polyurethane raw material based on renewable raw materials via mass balance
Construction of nylon 6,6 polymer plant will begin later this year and is expected to be completed in 2024.
The Company also aims to reduce or mitigate net Scope 1 and Scope 2 GHG emissions across its wholly-owned operated assets, both in its Upstream and Downstream segments, by more than 50 million metric tons of CO2e annually by 2035
Payment terms will be reduced by at least 50% to conform with updated standards across the different regions
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