Released March 08, 2023 | SUGAR LAND
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Editorial by Geoffrey Lakings for Industrial Info Resources (Sugar Land, Texas)--An earlier IIR Featured Content article touched upon how sneakily NGL production -- Stateside - has been coming on strong and will find its way to export markets. And recently we are seeing evidence of growing U.S. exports of propane onto the world's waterways:
LPG Gas Magazine: US propane exports hit record as domestic demand plunges
In the latest Weekly Petroleum Status Report, the Energy Information Administration reported the U.S. exported 1.845 million barrels per day (bpd) of propane.
The key demand area and a primary destination for U.S. propane exports is the Far East.
As we know -- thanks to IIR's peerless Research -- several petrochemical projects are being commissioned in the Far East -- and they as well as what is already existing will be scouring the world for feedstock:
Now a recent report from IIR could illustrate how the industry could conceivably address -- in a fashion -- both sustainable feedstock as well as the plastic waste stream by having refineries reusing plastic:
For IIR Energy provides comprehensive, dynamic, accurate, and easy-to-use market intelligence on the Global Petrochemical Industry, giving market participants a sound, fundamental viewpoint on the supply and logistics of this flourishing market. Clients have access to hands-on knowledge of plant and unit operations, unit turnarounds, new capacity, and unplanned events, allowing users to have a clear understanding of market conditions from the ground level.
As your feedback is very important to us. Please let us know if we may provide additional color or answer any other market questions you may have by replying to this note.
Additional IIR Resources:
The key demand area and a primary destination for U.S. propane exports is the Far East.
As we know -- thanks to IIR's peerless Research -- several petrochemical projects are being commissioned in the Far East -- and they as well as what is already existing will be scouring the world for feedstock:
- IIR News: PetroChina's $9.5 Billion Petrochemical and Refining Site Starts Commissioning
Researched by Industrial Info Resources (Sugar Land, Texas)--China's PetroChina Guangdong Petrochemical Company has started commissioning at its new refining and petrochemical site, which features a processing capacity of 1.2 million tons per year of ethylene and 2.6 million tons per year of aromatics, utilizing crude oil as feedstock. The total project cost was US$9.5 billion.
- Global Newswire: 2023 Feedstocks for the Petrochemical Industry Competitiveness and Dynamics Report: Sustainable Feedstocks and Facility Integration to Play a Key Role:
The "Sustainable Feedstocks and Facility Integration Shape the Petrochemical Industry" report has been added to ResearchAndMarkets.com's offering.
This study analyzes the competitiveness and dynamics of the various types of feedstocks available for the petrochemical industry, with the intention of revealing how the growing concerns and the subsequent efforts to reduce the use of fossil fuels in transportation and energy industries will impact the availability of fossil-based petrochemical feedstocks.
In the net zero emission (NZE) scenario examined in this study, stakeholders in transportation and energy sectors are expected to reduce emissions through decarbonization, and electrification, among many other energy efficiency levers. The study concludes that stakeholders will evaluate the use of alternate feedstocks to produce petrochemicals in a way that is both sustainable and profitable.
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Finally, five key trends in the petrochemical industry are examined in this report: fossil-based (conventional) feedstocks, crude-oil to chemicals (COTC), carbon capture and storage (CCUS), recyclates and bio-based feedstocks, according to their degree of advancement, market opportunities, and key challenges in each of these segments.
Now a recent report from IIR could illustrate how the industry could conceivably address -- in a fashion -- both sustainable feedstock as well as the plastic waste stream by having refineries reusing plastic:
- IIR News: A New Twist for Refineries -- Reusing Plastic
Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--The focus on the waste stream so far in the energy transition has been on using landfill gas or farm waste as a feedstock at refineries, but now Phillips 66 (NYSE:PSX) (Houston, Texas) says it can do the same with waste plastics, creating something of a circular economy.
The waste plastic stream is a lingering concern for environmental advocates worried about its long-term presence and accumulation both on and offshore. Phillips 66 says it may have a solution.
"Phillips 66 is committed to keeping plastics out of the environment and driving toward a more circular economy where plastics packaging is reused, recycled or recovered," said Zhanna Golodryga, an executive vice president of emerging energy and sustainability at Phillips 66.
The company said Wednesday it received international certification to use waste plastics as the feedstock at its Sweeny refinery for some of the precursors needed to make new plastics, creating a circular economy in the hard-to-address waste stream.
- IIR News: Mexico Home to Substantial Investments in Chemical Processing Projects
Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is tracking more than 400 capital and maintenance chemical processing projects in Mexico, with a total investment value of more than US$3.8 billion.
The states of Durango, Sinaloa and Veracruz have the largest numbers of investments, which are focused on the fertilizers, petrochemical and industrial gases sectors. Examples include Taranitros Fertilizantes Mexicanos SA de CV´s grassroot green hydrogen project and Gas y Petroquímica de Occidente SA de CV´s new ammonia plant. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for the Durango Green Hydrogen project report and click here for the Ahome Topolobampo Agricultural Chemicals ammonia project report.
Mexico is the third leading chemical processing investor in Latin America. Brazil is the leading country, with more than US$30 billion in investments, followed by Chile, Mexico and Argentina.
- IIR News: March 2nd Chemical Processing Hotline Headlines
North America
ExxonMobil Chemical continues a turnaround of its 2,600 million-pound-per-year BOP ethylene unit in Baytown, Texas. The unit was shut down in mid-January and is currently expected to restart later in March.
International
LG Chemical Limited's 595 million-pound-per-year Train 2 within the 2,800-million-pound-per-year ethylene unit at its Seosan Daesan Chemicals plant in South Korea, remains offline. The restart is delayed to March 30, 2023. The unit was shut down due to market conditions on December 12, 2022.
Borealis Plastomers is performing a planned maintenance turnaround of the 264 million-pound-per-year Chemelot-Green Plastomers plant in the Netherlands. The plant shut down in early February, and the maintenance is expected to take two months to complete.
For IIR Energy provides comprehensive, dynamic, accurate, and easy-to-use market intelligence on the Global Petrochemical Industry, giving market participants a sound, fundamental viewpoint on the supply and logistics of this flourishing market. Clients have access to hands-on knowledge of plant and unit operations, unit turnarounds, new capacity, and unplanned events, allowing users to have a clear understanding of market conditions from the ground level.
As your feedback is very important to us. Please let us know if we may provide additional color or answer any other market questions you may have by replying to this note.
Additional IIR Resources:
- IIR Team Email: iirteam@iirenergy.com
