Corrects derivative capacities in third paragraph
Philippine petrochemical producer JG Summit has shut its 480,000 t/yr cracker in Batangas following a power outage on 30 March.
It is unclear when the cracker will be able to restart. Downstream polymers units have also been shut.
The naphtha-based cracker has nameplate capacity to produce 480,000 t/yr of ethylene and 240,000 t/yr of propylene. Downstream derivatives include a 320,000 t/yr polyethylene (PE) unit and 190,000 t/yr polypropylene (PP) unit.
JG Summit raised ethylene capacity by 50pc through an expansion project last year.
By Lee Toong Shien
South Korean utilities secured additional summer coal supply through a series of tenders this week, as delivered prices rose.
The managing director of Iran’s National Petrochemical Company (NPC) said that making the petrochemical industry smart is the only way for a stable presence in the global markets.
Braveheart Resources (TSXV: BHT), the company working on bringing back to life the Bull River project in British Columbia, western Canada, received a positive system impact study from the provincial Hydro and Power Authority on its planned reconnection to grid power at a proposed load of 5 MW.
Iran’s Producer Price Index (PPI) data for the Q4 of the previous Iranian calendar year (ended on March 19) indicates that the index has improved 10.6 percent compared to the Q3, IRIB reported on Wednesday.
Steel section statistical figures show 2.321,000 tons of production during the first month of the current Iranian calendar year (started on March 20), a 2% growth compared with last year’s same period.
A senior energy official said that Iran's petrochemical complexes achieved a six percent rise in production in the first two months of the current Iranian year (started on March 20, 2020) compared to the corresponding period in the last year.