The plant will be designed to produce 450,000 metric tons per year (m.t./yr) of polypropylene.
The company’s downstream operating model will include four commercial business units: Fuels (includes Refining, Trading, Retail and Lubes); Chemicals; Power; and Pipelines, Distribution & Terminals.
The venture will be using polymers products as raw materials promoting sustainability and downstream initiatives.
Company is planning to shut down one of the crude distillation units at its refinery at Jamnagar for planned routine maintenance and inspection activities, for about 3 to 4 weeks starting in the 4th week of July, 2020.
The company said its third quarter aggregate sales volumes are anticipated to be down 8% to 15%, differing by business and region.
The agreement enables the migration of all Halliburton physical data centers to Azure, which delivers enterprise-grade cloud services at global scale and offers sustainability benefits.
The region’s polyolefin exports account for around one-third of global polyolefin trade.
Total new plant capacity will increase to 1.2 million MTA.
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Talking about the Strategic Energy Partnership, Pradhan said that cooperation in the natural gas sector has been identified as a priority area in the field of LNG bunkering, LNG ISO container development, petrochemicals, bio-fuels and Compressed Bio Gas in the Indian energy sector.
The RIL and Aramco deal has been in the works for some time and doubts were raised on its early completion due to Covid-19 outbreak and lockdowns.
PTTGC will look for a new partner for joining the project.
Loading combination cargoes of natural gas liquids (“NGL”) and Olefins on the same vessel from the U.S took place for the first time.
The merger with Lotos is conditional on a number of commitments that PKN Orlen will have to meet.
The study will create comprehensive guidance and policy suggestions for the use of methanol as a marine fuel, reflecting the experience already gained in large and small methanol-fuelled marine engines, and will develop a roadmap for the adoption of methanol as a marine fuel in China.
In the first instance, the material will be supplied directly to Lilium for use in the production of further technology demonstrators, before being delivered directly to suppliers who will manufacture parts for prototypes and serial production.
The study will evaluate the feasibility of the proposed petcoke gasification project and production of value-added petrochemicals and clean fuel products.
Funding through the grant program will be distributed only after eligible an project has been constructed and begins operating.
Operating under the “Jio-bp” brand, the joint venture aims to become a leading player in India's fuels and mobility markets.
Sulzer has designed and supplied the internals for all of the refinery’s columns and the refinery is estimated to be operational by the end of 2022.
The investment will help BP accelerate its ambition in India and co-invest in a variety of zero- and low-carbon energy solutions.
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