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...Pemex TRI restarted two (and associated) units in late November at its 243,000-BBL/d Salamanca, Mexico, refinery, after they had been offline under planned repairs since October 28. The refinery is currently running at approximately 40% of normal capacity, and will continue as such until the end of December.
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...Industrial Info is tracking 1,126 Food & Beverage Industry projects worth $8.92 billion in Southern Asia, of which financial approvals are planned for 202 projects worth $1.3 billion are expected this month....
...Paper consumption in India is expected to grow to 24 million tons by 2024-25....
...Talcher Fertilizers Limited has awarded a lump sum turnkey (LSTK) contract to China-based Wuhuan Engineering for the restart of mothballed ammonia and urea units at its Talcher, Odisha, site in India....
...The Industry Manufacturing outlook in India remains strong for the first half of 2020....
...Turnarounds are essential in managing factory safety and production. Japan's chemical producers are planning scheduled maintenance projects worth more than $235 million to kick off in 2020. See the graph below for spending by kickoff date and click here for a list of projects....
...Stay current with the latest geopolitical events, and more importantly, instantly connect to how these events may impact you and your business strategies....
...Industrial Info is tracking 19 capital-spending projects in Russia's polyethylene (PE) market, with a total investment value (TIV) of more than $10.7 billion...
...Pars Oil and Gas Company (POGC), a subsidiary of National Iranian Oil Company (NIOC), plans to invest $595 million to develop offshore drilling facilities in the North Pars Gas Fields...
...South Korea is planning to invest more than $3.8 billion in 198 plastic and/or rubber projects, including eight grassroot and 25 unit-addition projects...
...Indian Oil Corporation Limited, a major player in India's downstream oil sector, plans to invest about $3.1 billion in 128 capital-spending projects in India's Terminal Industry...
...Industrial Info is tracking 115 capital projects of the Chemical Processing Industry in the Greater Bay Area, China, which include nine major cities in Guangdong province, Hong Kong and Macao. ExxonMobil's ethylene project in Huizhou City tops the list in terms of spending. Click here for a list of these projects....
...Industrial Info is tracking more than $18 billion worth of capital ethylene glycol projects that are planned to kick off in China in 2020. Most of these projects will be conducted in Inner Mongolia, Shanxi, and Shandong provinces.
See the graph below for a breakdown by province....
See the graph below for a breakdown by province....
...Japan's Chemical Processing Industry keeps growing. More than 60 capital chemical projects, valued at more than $275 million, are set to begin construction in the country in 2020, according to Industrial Info's project database. Click here for a list of projects, and see graph below for a breakdown by industrial sector....
...Industrial Info is tracking 270 capital and maintenance projects, with a total investment value of more than $8.5 billion, in China's cement-manufacturing sector...
...French glassmaker Saint Gobain recently inaugurated a float glass-manufacturing facility in Sriperumbudur, Chennai, which is the company's third in India...
...Given the speed of technology developments, the mining industry has some challenges to keep standing out in the market. One of these is artificial intelligence adoption. The adoption of artificial intelligence is expected to maximize efficiency in mining operations. It is good to see some mining companies in Indonesia are preparing to adopt advanced technology to improve operations. PT Petrosea Tbk, a multi-disciplinary mining company claimed to apply artificial intelligence on performance improvements, such as truck dispatch optimization and predictive maintenance at its Tabang coal mine, in Kalimantan, Indonesia....
...The Organization of the Petroleum Exporting Countries (OPEC) and allied producers led by Russia, known as OPEC+, agreed to deepening output cuts by 500,000 barrels per day in the first quarter of 2020. The deal would also exclude condensates from the cuts for Russia.
While the United States still remains the world's top oil producer, OPEC+, notably its de facto head Saudi Arabia, hopes to see stable oil prices to support its budget and initial public offering of state-owned Saudi Aramco. The deal was signed by the OPEC Ministers in their recently concluded 177th OPEC Conference in Vienna, Austria, earlier this month....
While the United States still remains the world's top oil producer, OPEC+, notably its de facto head Saudi Arabia, hopes to see stable oil prices to support its budget and initial public offering of state-owned Saudi Aramco. The deal was signed by the OPEC Ministers in their recently concluded 177th OPEC Conference in Vienna, Austria, earlier this month....
...Petronor SA has completed a minor maintenance turnaround of the 46,000-BBL/d FCCU unit at its 220,000-BBL/d refinery in Bilbao, Spain. The FCCU shutdown started on November 15 and was completed on November 22.
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