Growth across major Asian economies to drive petrochemicals demand in the region, says GlobalData
The recent uptick in industrial/ business activities and gradual re-opening of economies are set to strengthen the demand for polymers.
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Hengyi is planning to add a 280 000 bpd crude oil refinery and a 2 million tpy paraxylene unit at its complex in Palau Muara Besar.
Zhenhua Petrochemical Co. Ltd will use Honeywell UOP’s C3 Oleflex technology for propane dehydrogenation.
The partnership will establish the “Clariant-TJU Academy”.
The methyl tert-butyl ether and Butene 1 plants are the first of their kind in Indonesia, according to the company.
The two lines, which will use INVISTA’s latest P8 PTA technology, will be installed in Rudong, Nantong City, Jiangsu province, China.
The company will use C3 Oleflex™ technology for propane dehydrogenation for the production of 750 000 t of polymer-grade propylene at its plant in Qinzhou, Guangxi, China.
The STRATCO alkylation unit will enable Hengyi Industries to generate low-sulfur, high-octane, low-Rvp alkylate with zero olefins that meets the criteria of the China VI standard.
The new entity has a crude refining capacity of 300 000 bpd and is due to start a new 800 000 tpy ethylene complex in September at the Zhongke plant.
China is expected to contribute about 89% of the region’s total capacity growth by 2024.
