FPCL, Sinopec & Aramco Establish JV For C...

Fujian Petrochemical Co. Ltd. (FPCL), Sinopec and Aramco have formed a joint venture, Fujian Aramco Re-fining and Petrochemical Co., to develop a large-scale integrated refining and petrochemical complex in Fu-jian Province, China. The project, first announced last November, will in-clude a 16-mta crude oil refining unit, a 1.5-mta ethylene facility, paraxylene and down-stream derivatives capacity of 2-mta, and a 300 kta crude oil terminal. Operations are expected to begin by the end of 2030....

Sumitomo Beings Operating Pilot Unit To Produ...

Sumitomo Chemical has started up the pilot facility for its new proprietary process to produce propylene directly from ethanol at the Sodegaura site of its Chiba works in Japan. With the start-up of the pilot facility, the company will accelerate its demonstration project for this process, with the aim of commercializing the process and licensing the technology to other companies by the early 2030s. Unlike other propylene production processes, this new process allows for the one-step producti...

Ethylene Market Outlook

US ethylene spot prices remained in strength, with higher trading activity and increase in exports. Ethylene contract price moved 1.50 cent/lb higher on the month, to 32.25 cents/lb for July. While market in preparation for hurricane season and building up inventory, the cracker closures in Europe are also expected to support the export demand for US ethylene in the second half of the year. US ethylene prices are expected to stay relatively firm in the coming months, with seasonal and prefest...

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