Released April 27, 2020 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info's daily COVID-19 Impact Report gives you the latest inside intelligence on outages, derates, shutdowns, closures, delays and more caused by the pandemic, across the global energy and industrial landscape.
REFINING HIGHLIGHTS
Industrial Info continues to see oil refineries scale back fuel production amid the COVID-19 pandemic, which has caused a record drop in gasoline and diesel demand.
With engineering limits on how much they can throttle back their plants, more refineries soon may have to shut down altogether, as motorists stay home in the weeks or months ahead and the limited storage capacity for transportation fuels nears its limit.
Refiners are cutting down to their lower operational limits, and that's about as low as they can go before they have to have to shut in the facilities or risk catastrophic reactions.
Like a high-end race car, refineries like to go full throttle, or nothing.
Shell has extended 20% rate reductions at its 240,000-barrel-per-day (BBL/d) Norco and 230,000-BBL Convent refineries in Louisiana for an additional three to four weeks. The Convent refinery's 100,000-BBL/d VPS 2 CDU was shut down on April 22 due to low product demand.
Marathon Petroleum will begin a 49-day turnaround on May 29 at its 437,000-BBL/d Galveston Bay Refinery in Texas City, Texas. The turnaround was recently moved from its earlier scheduled date of May 1 due to COVID-19-related staffing concerns.
PetroChina Dalian Petrochemical Company has rescheduled a 55-day planned turnaround of six units at its 410,000-BBL/d Dalian Refinery in China, due to the COVID-19 pandemic. The units are now scheduled to be offline from May 10 to July 3.
PETROCHEMICAL HIGHLIGHTS
Industrial Info is tracking DuPont plants at several manufacturing sites that are idling production and have deferred some capital investments to address global economic strain and uncertainty stemming from the pandemic.
Also, Industrial Info has learned that PBF Energy declared force majeure on toluene and mixed xylenes produced at its Toledo, Ohio, plant.
Specialty polymer producer and resin distributor PolyOne has seen April orders decline by 15% year on year due to lower automotive demand and less discretionary consumer spending amid shutdowns and other fallout from the pandemic.
POWER HIGHLIGHTS
METALS & MINERALS HIGHLIGHTS
Latin American countries continue to extend lockdowns as COVID-19 cases increase, which is sure to impact mining operations. The Mexican government has extended a lockdown of non-essential businesses until May 30. Peru has extended its lockdown to May 10.
Freeport-McMoRan has announced a 30% reduction in capital expenditures for 2020 due to COVID-19.
FOOD & BEVERAGE HIGHLIGHTS
Coca-Cola has seen sales volumes decline by about 25% since early April as cancellations of concerts, conferences and sports events led consumers to buy fewer bottled drinks and shift to purchasing at grocery stores and then online.
Superior Poultry Processors Limited closed its chicken facility in Coquitlam, British Columbia, on Friday after a reported COVID-19 case. No timeline has been announced for re-opening the plant.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
REFINING HIGHLIGHTS
Industrial Info continues to see oil refineries scale back fuel production amid the COVID-19 pandemic, which has caused a record drop in gasoline and diesel demand.
With engineering limits on how much they can throttle back their plants, more refineries soon may have to shut down altogether, as motorists stay home in the weeks or months ahead and the limited storage capacity for transportation fuels nears its limit.
Refiners are cutting down to their lower operational limits, and that's about as low as they can go before they have to have to shut in the facilities or risk catastrophic reactions.
Like a high-end race car, refineries like to go full throttle, or nothing.
Shell has extended 20% rate reductions at its 240,000-barrel-per-day (BBL/d) Norco and 230,000-BBL Convent refineries in Louisiana for an additional three to four weeks. The Convent refinery's 100,000-BBL/d VPS 2 CDU was shut down on April 22 due to low product demand.
Marathon Petroleum will begin a 49-day turnaround on May 29 at its 437,000-BBL/d Galveston Bay Refinery in Texas City, Texas. The turnaround was recently moved from its earlier scheduled date of May 1 due to COVID-19-related staffing concerns.
PetroChina Dalian Petrochemical Company has rescheduled a 55-day planned turnaround of six units at its 410,000-BBL/d Dalian Refinery in China, due to the COVID-19 pandemic. The units are now scheduled to be offline from May 10 to July 3.
PETROCHEMICAL HIGHLIGHTS
Industrial Info is tracking DuPont plants at several manufacturing sites that are idling production and have deferred some capital investments to address global economic strain and uncertainty stemming from the pandemic.
Also, Industrial Info has learned that PBF Energy declared force majeure on toluene and mixed xylenes produced at its Toledo, Ohio, plant.
Specialty polymer producer and resin distributor PolyOne has seen April orders decline by 15% year on year due to lower automotive demand and less discretionary consumer spending amid shutdowns and other fallout from the pandemic.
POWER HIGHLIGHTS
METALS & MINERALS HIGHLIGHTS
Latin American countries continue to extend lockdowns as COVID-19 cases increase, which is sure to impact mining operations. The Mexican government has extended a lockdown of non-essential businesses until May 30. Peru has extended its lockdown to May 10.
Freeport-McMoRan has announced a 30% reduction in capital expenditures for 2020 due to COVID-19.
FOOD & BEVERAGE HIGHLIGHTS
Coca-Cola has seen sales volumes decline by about 25% since early April as cancellations of concerts, conferences and sports events led consumers to buy fewer bottled drinks and shift to purchasing at grocery stores and then online.
Superior Poultry Processors Limited closed its chicken facility in Coquitlam, British Columbia, on Friday after a reported COVID-19 case. No timeline has been announced for re-opening the plant.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
