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Released September 08, 2023 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Global demand for petrochemical products isn't abating, and U.S. producers are trying to keep their facilities in the best operational shape. Demand for plastics--the most familiar branch of petrochemical products--has outpaced that of all other bulk materials (such as steel, aluminum or cement), and has nearly doubled since 2000, according to the International Energy Agency (IEA), and this is expected to drive much of the world's oil demand for the coming decades. Industrial Info is tracking more than 50 maintenance-related projects across the U.S. petrochemical sector that are set to kick off in the fourth quarter, the bulk of which are in Texas and Louisiana.
Click on the image at right for a graph detailing the top 10 companies for U.S. maintenance-related petrochemical project investment in the fourth quarter, by total investment value.
Shell plc (NYSE:SHEL) (London, England) leads all other industry players in its investment in fourth-quarter maintenance kickoffs, which are attributed entirely to a pair of turnarounds at its Deer Park Refinery on the Texas Gulf Coast. Shell is performing routine inspections and repairs on its 1.2 billion-pound-per-year Phenol 2 Unit and its 1.6 billion-pound-per-year Cumene Unit, both of which are expected to span October. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project and Plant databases can read detailed reports on the Phenol 2 and Cumene Unit projects, and read a detailed plant profile.
The Deer Park Refinery made headlines in May when its 2.3 billion-pound-per-year OP3 light olefins unit caught fire and had to be shut down. Shell expects the unit will remain offline until at least the end of this year. Last month, the State of Texas filed a civil lawsuit seeking $1 million in damages from Shell, alleging the oil and gas giant flouted state environmental laws protecting the air and water from pollution. For more information, see May 8, 2023, article - Shell Deer Park Olefins Unit Down for Undetermined Time After Fire.
Occidental Petroleum Corporation (NYSE:OXY) (Houston, Texas) follows only Shell in its total fourth-quarter maintenance investment, attributed to just two routine projects: the 100 million-pound-per-year North Plant methane production area at a chlorinated hydrocarbons complex in Geismar, Louisiana, and a plant-wide turnaround at its Ingleside complex in Gregory, Texas. The latter includes the 1.2 billion-pound-per-year Ethylene Unit; the 4.1 billion-pound-per-year Vinyl Chloride Monomer (VCM) Unit 1; the 2.1 billion-pound-per-year VCM Unit 2; the 3.9 billion-pound-per-year Ethylene Dichloride (EDC) Unit; and a 607,000-ton-per-year chlor-alkali and caustic soda production area. Subscribers can read detailed reports on the chlorinated hydrocarbons and Ingleside projects.
Occidental is the largest U.S.-based producer of VCM, a key ingredient in the production of polyvinyl chloride (PVC), a lightweight, non-flammable and durable plastic. EDC, in turn, is used largely as a raw material in the production of VCM.
With six projects planned, global chemical giant BASF SE (Ludwigshafen, Germany) has a larger number of turnarounds planned than any other company. Three are at its chemicals complex in Freeport, Texas: the Oxo Alcohol Area, which produces butanol, neoalcohols and similar chemicals; the Hydrox Unit 2, which produces hydroxylamine; and blocks 300, 400 and 1500, which produce acrylics, diols-hexanediol (HDO), neopentanol diol (NEOL) and other chemicals.
Chemicals produced in BASF's Oxo Alcohol units are used as solvents and as intermediate chemicals to make other products such as wood finishes, plastic coatings and herbicides, while HDO and NEOL are used in the production of polyesters for polyurethane elastomers, surface coatings, adhesives and plasticizers, according to the company. Acrylic acid and acrylic acid esters produced in blocks 300, 400 and 1500 are used in the development of paints, textiles, polishes and waxes, among other goods. Subscribers can read detailed reports on the projects for the Oxo Alcohol Area, Hydrox Unit 2 and blocks 300, 400 and 1500.
Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of detailed reports for maintenance-related projects across the U.S. petrochemical sector that are set to kick off in the fourth quarter.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Click on the image at right for a graph detailing the top 10 companies for U.S. maintenance-related petrochemical project investment in the fourth quarter, by total investment value.Shell plc (NYSE:SHEL) (London, England) leads all other industry players in its investment in fourth-quarter maintenance kickoffs, which are attributed entirely to a pair of turnarounds at its Deer Park Refinery on the Texas Gulf Coast. Shell is performing routine inspections and repairs on its 1.2 billion-pound-per-year Phenol 2 Unit and its 1.6 billion-pound-per-year Cumene Unit, both of which are expected to span October. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project and Plant databases can read detailed reports on the Phenol 2 and Cumene Unit projects, and read a detailed plant profile.
The Deer Park Refinery made headlines in May when its 2.3 billion-pound-per-year OP3 light olefins unit caught fire and had to be shut down. Shell expects the unit will remain offline until at least the end of this year. Last month, the State of Texas filed a civil lawsuit seeking $1 million in damages from Shell, alleging the oil and gas giant flouted state environmental laws protecting the air and water from pollution. For more information, see May 8, 2023, article - Shell Deer Park Olefins Unit Down for Undetermined Time After Fire.
Occidental Petroleum Corporation (NYSE:OXY) (Houston, Texas) follows only Shell in its total fourth-quarter maintenance investment, attributed to just two routine projects: the 100 million-pound-per-year North Plant methane production area at a chlorinated hydrocarbons complex in Geismar, Louisiana, and a plant-wide turnaround at its Ingleside complex in Gregory, Texas. The latter includes the 1.2 billion-pound-per-year Ethylene Unit; the 4.1 billion-pound-per-year Vinyl Chloride Monomer (VCM) Unit 1; the 2.1 billion-pound-per-year VCM Unit 2; the 3.9 billion-pound-per-year Ethylene Dichloride (EDC) Unit; and a 607,000-ton-per-year chlor-alkali and caustic soda production area. Subscribers can read detailed reports on the chlorinated hydrocarbons and Ingleside projects.
Occidental is the largest U.S.-based producer of VCM, a key ingredient in the production of polyvinyl chloride (PVC), a lightweight, non-flammable and durable plastic. EDC, in turn, is used largely as a raw material in the production of VCM.
With six projects planned, global chemical giant BASF SE (Ludwigshafen, Germany) has a larger number of turnarounds planned than any other company. Three are at its chemicals complex in Freeport, Texas: the Oxo Alcohol Area, which produces butanol, neoalcohols and similar chemicals; the Hydrox Unit 2, which produces hydroxylamine; and blocks 300, 400 and 1500, which produce acrylics, diols-hexanediol (HDO), neopentanol diol (NEOL) and other chemicals.
Chemicals produced in BASF's Oxo Alcohol units are used as solvents and as intermediate chemicals to make other products such as wood finishes, plastic coatings and herbicides, while HDO and NEOL are used in the production of polyesters for polyurethane elastomers, surface coatings, adhesives and plasticizers, according to the company. Acrylic acid and acrylic acid esters produced in blocks 300, 400 and 1500 are used in the development of paints, textiles, polishes and waxes, among other goods. Subscribers can read detailed reports on the projects for the Oxo Alcohol Area, Hydrox Unit 2 and blocks 300, 400 and 1500.
Subscribers to Industrial Info's GMI Project Database can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of detailed reports for maintenance-related projects across the U.S. petrochemical sector that are set to kick off in the fourth quarter.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
