1. China is expected to lead the global petrochemical industry capacity growth from planned and announced projects between 2019 and 2030 with a 27% share, according to GlobalData.
2. The total petrochemical capacity of planned and announced projects in China is expected to be 172.9 million tpy by 2030. Of this capacity addition, 134.5 million tpy will come from planned projects and the remaining 38.4 million tpy will come from announced projects.
3. India and Iran are expected to have the second highest petrochemical capacity additions globally. These countries collectively contribute about 151.8 million tpy of the total global planned and announced petrochemical capacity additions by 2030.
4. Major capacity additions for India will be from an announced project, ‘Haldia Petrochemicals Balasore Purified Terephthalic Acid (PTA) Plant’, with a capacity addition of 2.4 million tpy. For Iran, the major capacity additions will be from a planned project, ‘Kaveh Methanol Company Dayyer Methanol Plant’, with a capacity of 2.3 million tpy by 2030.
5. The US stands third, with planned and announced petrochemical capacity of 71.7 million tpy by 2030. Of these, most of the petrochemical capacity additions will come from planned projects.
BASF BUILDING 10 BILLION PETROCHEMICAL PLANT IN CHINA
1. German chemical giant BASF has begun construction of its $10-billion integrated petrochemicals project in China's southern province of Guangdong.
2. The project based in the city of Zhanjiang will be China's first wholly foreign-owned chemicals complex, for which a framework agreement was signed in January.
3. The entire project is planned to be completed by 2030, the company said, making it the third-largest BASF site worldwide, following Ludwigshafen in Germany and Antwerp in Belgium.
4. It will primarily produce engineering plastics and thermoplastic polyurethane (TPU), and some petrochemical products widely used in automotive, electronics and new energy vehicles industries.
12 BILLION EUROS PETROCHEMICAL PROEJECT SIGNED WITH RUSSIA'S RUSGASDOBYCHA IN CHENGDU
1. China National Chemical Engineering Group Corporation has signed an agreement worth around 12 billion euros ($13.25 billion) with Russia's RusGasDobycha in Chengdu, Southwest China's Sichuan province.
2. This project is the biggest ethylene integration project in the world, the biggest single contract in the global petrochemical field
3. The contract includes construction of a natural gas processing chemical plant, which include two sets of ethylene cracking facilities with an annual capacity of 1.4 million tons; six sets of polyethylene facilities with an annual capacity of 480,000 tons; two sets of LAO facilities with an annual capacity of 137,000 tons; and an outside battery limiter (OSBL).
4. The project is divided into three phases: infrastructure extension, early stage engineering, and project implementation. The contract period is 60 months.
5. Chemical Engineering Group currently has more than 320 projects under construction overseas, worth more than $58 billion.
6. These projects cover more than 60 countries and regions such as Russia, Indonesia, Malaysia, United Arab Emirates, Saudi Arabia, Pakistan, Turkey and Egypt, the company said on its website.
PETRONAS CAPITALIZING ON INDIA'S GROWING ENERGY CONSUMPTION
1. Country announced to double the share of natural gas in the energy mix to 15% by 2022 which will witness a hike in imports and huge capital investments inflow for construction of LNG terminals in coming years
2. As India already reeling under the weight of growing consumption of Crude Oil and Coal and their associated pollution levels, India proposed to maintain the balance in energy consumption pattern with the help of doubling the percentage of natural gas to 15% in the energy mix by 2022.
3. Historically, India's natural gas consumption pattern has been on an upward trend since last 6-7 years. With limited natural gas reserves in India, the imports of natural gas which stood at 12.89 BCM in FY 11 has increased by more than two times to 26.33 BCM in FY 18 despite having less number of LNG terminals.
4. Following the setup of a New Energy business unit, Petronas, made its maiden foray into the renewable energy business in April 2019 with the acquisition of Amplus Energy Solutions Pte Ltd (Amplus) – a leading distributed energy solutions provider and developer that serves major customers across India, with a cumulative capacity of 600MW in operation and under development.
5. Amplus achieved another milestone when it launched a new 75MW open access solar plant in Mirzapur, located in northern India’s state of Uttar Pradesh.
6. This plant will offer low carbon energy solutions to industrial and commercial customers in the state and also happens to be the state’s first Open Access plant.
7. Petronas’ lubricant business in India saw continued progress with the commencement of commercial operations for the company’s lubricant blending plant in Patalganga, Maharashtra.
8. With a production capacity of 97,000 mtpa, it enables the company to achieve its distribution network expansion to 35,000 outlets from the current 12,000 outlets across the country, by 2021.
9. Petronas’ LNG business in the country is expected to expand further as it explores potential opportunities throughout the gas value chain, reflecting its commitment to support the India government’s aspiration of having natural gas achieve 15 per cent of the country’s total energy mix by 2030, by co-creating the gas market.
10. With more than 20 years of strategic partnerships covering six business segments in India, Petronas continues to support the country’s aspiration to grow sustainably by pushing the boundaries of its expertise and technological advancements.
11. Petronas has made significant headways in enhancing its portfolio in India across the value chain, covering crude oil trading, LPG, petrochemical, lubricants, LNG and more recently, renewables.
Source:hydrocarbonengineering, auto.economictimes.indiatimes, chinadaily, NST, theborneopost, prnewswire
