Showing posts with label Refinery & Petrochem. Show all posts
Showing posts with label Refinery & Petrochem. Show all posts

Tuesday, 23 July 2013

Daelim receives contract from KNPC to remodel FCC

Daelim held a contracting ceremony for the project to remodel KRW 200 billion FCC and construct acid water treatment facilities at the Kuwait National Petroleum Company (KNPC) head office on June 26, 2013. Ordered by KNPC, this project will be implemented by Daelim's Plant Business Division in EPC lump sum turnkey fashion wherein the company is responsible for engineering/design, procurement, construction, and test run.

This project is part of the Clean Fuels Project (CFP), which is expanding KNPC's large-scale refinery, and will be carried out at the Mina Al-Ahmadi refinery, part of Kuwait's largest oil refining industrial complex, about 35km away south of Kuwait City. Daelim will engage in construction to produce gasoline, LPG, and propylene by decomposing heavy crude oil with higher impurity content through the remodeling of FCC. The company will also build facilities to treat phenol acid water generated by the production and a cooling tower to supply cooling water. The project duration is 24 months.




TECHNIP awarded contract to supply Hydrogen Reformers to Puerto La Cruz refinery

Technip has been awarded by the Hyundai-Wison consortium(1) a significant(2) contract to supply its proprietary technology as well as engineering and procurement services for two hydrogen reformers in Venezuela. These 135-million standard cubic feet per day (151-thousand normal cubic meters per hour) reformers are part of the Deep Conversion project being executed by the consortium for Venezuela's state oil company, Petroleos de Venezuela SA (PDVSA), to upgrade the Puerto La Cruz refinery.

The contract covers the complete engineering, fabrication, modularization, procurement as well as pre-commissioning and start-up assistance. This project will utilize Technip's high-efficiency top-fired steam reformers, to produce high-purity hydrogen and export steam, and the latest nitrogen oxide reduction technology to ensure minimum emissions.

Technip's operating center in Claremont, California will execute the contract, which is scheduled for completion in the second semester of 2014.



Wednesday, 17 July 2013

Assam Petrochemical to acquire 200acre land for 100Tonne Sulphonated Formaldehyde Project


Public sector undertaking AssamPetro-chemicals is looking to acquire around 200-acre land to set up a new manufacturing plant with an installed capacity to produce 100 tonnesof sulphonated formaldehyde per day. 

The company, which is investing Rs 1,028 crore to set up an integrated methanol-acetic acid plant in Assam, has zeroed in on land at Goalpara district in Assam. 

"We will set up a formalin plant in the state. For this, we are looking to acquire around 200 acres of land in the next one year," Assam Petro-chemicals Ltd (APL) Managing Director Ratul Bordoloi told PTI here. 

The company has already seen a land parcel in Goalpara and it is likely to take the possession within next one year, he added. 

"The government has identified some land and we have seen this. It is as per our requirement and we will go for it," Bordoloi said, but declined to share the value of the land. 

As part of its long-term plan, APL will set up the formalin plant. 

The product sulphonated formaldehyde is a chemical used as additive with cement for bringing down the cement requirement for civil constructions. 

Bordoloi said: "We will set up the formalin plant after we are done with the ongoing methanol-acetic acid project. It will be after 2016. The unit is proposed to have an installed capacity to product 100 tonnes of formalin every day." 

Although it has not been finalised, the plant construction is likely to cost Rs 32 crore, he added. 

APL, a government of Assam undertaking, is implementing a Rs 1,028-crore methanol-acetic acid project in the state. 

Earlier this month, it had raised a debt capital of Rs 635 crore from a cluster of 10 banks to complete the project. 

The methanol-acetic acid plant has been envisaged and is under implementation. PMC Consultancy has been engaged for setting up of the integrated Plant. The Project is scheduled to be completed in 2014. 

Bordoloi said after the completion of the project, the employee strength of the company will go up to around 600 people from 362 people at present.

In APL, the state government holds 51 per cent stake and the rest under Oil India Ltd's control. 

In the government's portion, Assam Gas Company and Assam Industrial development Corporation also have equity participation. 

Incorporated in 1971, Assam Petro-Chemicals was the first entity to manufacture petrochemicals in India using natural gas as feedstock.


Monday, 15 July 2013

Bechtel awarded PMC contract by QAPCO for Ras Laffan Petrochemical Project

Bechtel has been selected by the Qatar Petrochemical – Qatar Petrochemical Company partnership (QP-QAPCO), to provide project management services for construction of the Al Sejeel mega-petrochemical complex in Ras Laffan, Qatar. 

Bechtel will provide project management services over the course of the project starting with the front-end engineering design phase to ensure the quality, safe, and timely construction of the project.

"Bechtel's contribution to the mega-petrochemical complex will be strategic, as Bechtel benefits from extensive experience and is a leader in the construction of petrochemical plants all around the world," said Dr. Mohammed Yousef Al-Mulla, vice chairman and CEO of QP-QAPCO.



HPCL inks JV with Govt of Rajasthan to set up 9 MMTPA Refinery at Barmer


The Rajasthan Government and Hindustan Petroleum Corporation Limited (HPCL) have signed a joint venture agreement to set up a refinery-cum-petrochemical complex in Barmer district. State Government will hold 26% stake and HPCL will hold the balance 74% stake in the joint venture company. A joint venture company, HPCL-Rajasthan Refinery Limited, will execute the ambitious project. The agreement paves the way for establishment of an oil refinery on a government land at Pachpadra in Barmer district at an estimated cost of Rs.37,229 crore in the next four years. The refinery will source crude from the oil fields in western Rajasthan, and also import crude and manufacture various petroleum and petrochemical products. The refinery would have the capacity of 9 mln mtpa.


Wednesday, 3 July 2013

Orient Cement gets environmental clearance for 3MTPA cement plant at Karnataka


Orient Cement Ltd has received environmental clearance for its three million-tonne-a-year cement plant at Chittapur in Gulbarga district of Karnataka.

A top source in CK Birla Group toldBusiness Line that the company began construction work at the project site recently. The new Rs 1,75- crore project would be largely funded by internal resources.

"It is expected to be ready by the end of December 2015," the source said. The project would increase the cement output capacity to 8 million tonne-a-year (mt) a year. Orient Cement is the hived off cement business unit of Orient Paper & Industries.

It has a plant at Devapur in Adilabad district of Andhra Pradesh and a split-grinding unit at Nashirabad, in Jalgaon district of Maharashtra. According to the management, the company aims to reach 15 mt a year by 2020.

Orient Cement, once a division of Orient Paper and now a public company (the demerger took retrospective effect from April 1, 2012), is yet to list its stock.

The group sources said the process of listing was on and it would be over "shortly". The shareholders of Orient Paper have been allotted shares of the new company in the ratio of 1:1.

The face value of the new entity would be Re 1. It is to be listed on both NSE and BSE.



L&T Hydrocarbon bags Rs 1000 Cr order for Paraxylene Plant

Larsen & Toubro Hydrocarbon bags contract worth Rs 1,000 crore


The company will mobilise about 25,000 workmen and 600 staff for the project, which will be executed over a period of 30 months, it said.
 Engineering major Larsen & Toubro on Tuesday said its hydrocarbon unit has bagged a Rs 1,000-crore order for setting up a paraxylene plant for a leading refinery in the country.

L&T Hydrocarbon has signed an MoU to execute composite construction works, including civil, mechanical and erection and installation, for the project, a statement issued here said.

The company will mobilise about 25,000 workmen and 600 staff for the project, which will be executed over a period of 30 months, it said.

L&T Hydrocarbon provides complete design-to-build engineering and construction solutions for the oil and gas sector.



Assam Petrochemicals Set for Expansion


Assam Petrochemicals Limited (APL) is poised for large-scale expansion in the production of methanol and acetic acid, as per Times Of India. Plans are underway to produce 500 tons of methanol and 200 tons of acetic acid per day, with a capital outlay of Rs 1,028 crore. The Namrup-based PSU, with a net worth of Rs 70 crore, signed financial agreements with 10 banks, the Oil India Limited and other equity holders for the new project. Of the total Rs 1,028 crore outlay, equity capital to the tune of Rs 393 crore will be invested by OIL, the Assam government and the Assam Gas Company Limited. The remaining Rs 635 crore will be debt capital from banks. The State Bank of India will be the lead bank to financethe project.
Growing demand for methanol and acetic acid in the domestic market prompted the company to increase its investment. "About 60% of the domestic demand is met from imports. While the demand for methanol is growing at the rate of 6% annually, the demand for acetic acid is growing at the rate of four per cent annually. Since there is a demand already, there will be no problem in marketing," said APL managing director, Ratul Bordoloi.


Friday, 18 January 2013

Hindalco to acquire refinery from Novelis

Hindalco Industries, the metals flagship of the Aditya Birla Group, today said it has finalised arrangement for acquiring alumina refinery and bauxite mines in Brazil from its wholly-owned subsidiary Novelis as part of corporate reorganisation plan. 

"Hindalco Industries has finalised its arrangement for acquiring alumina refinery and bauxite mines from Novelis Do Brasil, a wholly-owned subsidiary of Novelis. The agreement was executed between Novelis Do Brasil, Novelis andAV Minerals (Netherlands), a wholly-owned subsidiary of Hindalco Industries," the company said in a statement. The Alumina Refinery, with a capacity of 145 KTPA, situated in the city of Ouro Preto, State of Minas Gerias, Brazil, has mining rights of over 50 million tonnes of bauxite reserves. 

"This transaction will be done by transferring the Alumina assets of Novelis Do Brasil into a new company to be formed in Brazil and acquisition of all the shares of the new company by AV Minerals," Hindalco said in a filing to theBombay Stock Exchange (BSE). The acquisition will take place after all necessary approvals and permits for restarting the idle facilities and operations of the company are obtained in Brazil, it said. In June 2009, Novelis Do Brasil had suspended the production of alumina at this refinery. The company said this corporate reorganisation will allow the new company, with its sole focus on Mining and Alumina business, to create value out of the moth-balled assets for all the stakeholders, while Novelis Do Brasil will continue to focus on its core downstream aluminium rolling business. 

In 2007, Novelis was acquired byHindalco Industries and following the merger, Novelis became a wholly owned subsidiary of Aditya Birla Group. With the addition of Novelis, Hindalco became the world's largest aluminum rolling company and one of the biggest producers of primary aluminum in Asia. 

Hindalco Industries shares were trading at Rs 123.40, up 0.94 per cent from previous close on the BSE in the afternoon. 

Dalmia Cement Plans Rs 1800 Cr Expansion

To strengthen its presence both nationally and in the North-East, cement maker Dalmia Cement (Bharat) Ltd (DCBL) plans to invest Rs 1,800 crore for capacity expansion over the next two years.

While the company would invest Rs 1,300 crore for its upcoming 2.5-million tonnes greenfield project at Belgaum, Karnataka, its plants in North-East would entail an estimated investment of Rs 500 crore, Puneet Yadu Dalmia, Managing Director, told reporters here on Friday.

According to Dalmia, the company currently has a total capacity of 17 mt and wants to add nearly four mt by 2014-15.

The company has recently acquired Meghalaya-based Adhunik Cement with an investment of nearly Rs 560 crore and increased its stake in Calcom Cement in Assam.

Meanwhile, OCL India Ltd would invest nearly Rs 500 crore for a 1.5-mt grinding plant near Salboni in West Bengal. DCBL holds 45.4 per cent stake in OCL India.

According to Dalmia, the project should be commissioned by the end of 2013.

Japanese-led JV wins EPC contract for Petrochemical Complex at Vietnam

 A joint venture of JGC Corporation (JGC), Chiyoda Corporation, Technip, and South Korean contractors GS Engineering & Construction and SK Engineering & Construction has been awarded a contract for the Nghi Son refinery and petrochemicals complex in the Nghi Son economic zone in northern Vietnam, as per JCN. The contract was awarded by the Nghi Son Refinery Petrochemical Limited Liability Company, a joint venture between Idemitsu Kosan Co., Ltd (35.1%), Kuwait Petroleum International (35.1%), Vietnam Oil and Gas Corporation (25.0%), and Mitsui Chemicals, Inc. (4.8%). The lump-sum turnkey contract is for the engineering, procurement, construction (EPC) and commissioning work for an oil refinery with production capacity of 200,000 bpd. 

The complex, scheduled for completion in late 2016, will be located in the Thanh Hoa Province in Vietnam, 200 km south of the capital city of Hanoi. The value of the contract was not disclosed.

This project, which is being promoted by Idemitsu Kosan Co., Ltd., Kuwait Petroleum International, Vietnam Oil and Gas Corporation, and Mitsui Chemicals, Inc. is a grassroots oil refinery and petrochemical complex project in Vietnam. This project will be the second constructed in Vietnam, and is aimed at satisfying increasing demands for petroleum products to support the progress of Vietnam's motorization, as well as produce petrochemicals for export.

Wednesday, 28 November 2012

IOCL planning Rs 30,000 Cr Refinery

Indian Oil Corp planning Rs 30,000 crore refinery on west coast in Gujarat or Maharashtra.

NEW DELHI: State-owned Indian Oil Corp (IOC) today said it is planning a Rs 30,000-crorerefinery on the west coast in Gujarat or Maharashtra as part of its plans to raise the refining capacity to 100 million tonnes.

IOC has seven refineries totalling 54.2 million tonnes and a 11.5 million tonne subsidiary inChennai Petroleum Corp Ltd (CPCL). It so far has no coastal refinery, impairing its ability to process cheaper difficult crude oils.

"We are looking at options to set up a 15 million tonnes refinery on the west coast," IOC Director (Refineries) Rajkumar Ghosh said here.

IOC, he said, is looking for sites for the new unit in Gujarat and Maharashtra.

The company has been offered land by Adani Group at Mundra in Gujarat as well as by Shapoorji Pallonji Group in Saurashtra.

IOC already has a 13.7 million tonnes refinery at Koyali in Gujarat but does not have a presence in Maharashtra. All of its refineries are landlocked. It is building a coastal refinery at Paradip in Orissa by September 2013.

"We have commissioned Engineers India Ltd to do a configuration and location study for the west coast refinery," Ghosh said, adding the study is likely to come-in by year-end after which the company will commission a detailed feasibility report (DFR).

The refinery on the west coast is to come up by the 13th Five Year Plan.

Ghosh said IOC has plans to raise its refining capacity to 100 million tonnes by 2021-22. Koyali refinery to 18 million tonnes at the cost of Rs 4,858 crore by 2014.

Mathura refinery is being considered for expanding capacity 11 million tonnes from current 8 million tonnes.

Also, an expansion of Panipat unit to 18 or 21 million tonnes from current 15 million tonnes.

Its under construction 15 million ton Paradip refinery in Orissa would be expanded to 20 million tonnes in future.

"Paradip refinery will be commissioned by next year end," he added.

IOC plans to invest Rs 56,200 crore in the 12th Five Year Plan ending March 31, 2017, he said adding a majority of Rs 27,159 crore is planned to be spent in expanding refining capacity.

Betting big on petrochemicals, the company has planned to set up a polypropylene unit at Paradip at the cost of Rs 3,150 crore while also building similar units at Gujarat and Panipat refineries.

Paradip refinery, he said, is nearing mechanical completion.


Saturday, 3 November 2012

Art of Leadership

Just as great Generals can inspire soldiers to make great sacrifices on the battlefield, compassionate leaders can take their teams to great heights. — KAMAL NARANG
Just as great Generals can inspire soldiers to make great sacrifices on the battlefield, compassionate leaders can take their teams to great heights. — KAMAL NARANG

Genuine leadership is of only one type - supportive. It leads people, it doesn't drive them. It involves them, and doesn't coerce them. It never loses sight of the most important principle governing any project involving human beings - that people are more important than things.

Consider a situation in which none of the above statements might seem valid — the battlefield. To a General, the most important thing, obviously, is victory. In the cause of victory he must commit men to possible, and sometimes even to certain, death. Is not victory, then - an abstraction, a thing - more important to him than the people he leads?

Yet, the difference between great Generals and mediocre ones may be attributed to the zeal great Generals have been able to inspire in their men. Some excellent Generals have been master strategists, and have won wars on this strength alone. Greatness, however, by very definition implies a great and expanded view. It transcends intelligence and merely technical competence. It implies an ability to see the lesser in relation to the greater; the immediate in relation to the long term; the need for victory in relation to needs that will arise once victory has been achieved.

Lead from the front

Leadership implies running at the head of the pack, and not driving it from behind. This is true also in military matters. Those who serve under a great General know well that he asks nothing of them that he would not first do himself. Such a General feels himself at one with his men, not superior to them. He knows that he and they are simply doing a job together.

A great general is a man of vision — necessarily so, for only with vision can he inspire his men to heroic action; only with vision can he make them desire victory as ardently as he does. He persuades them not by angry commands, but by the power of his own conviction. He involves others in his vision, and inspires them also to be visionaries.

People, even in warfare, are more important than things. Yet, there are circumstances in which people can fulfil themselves perfectly only by total self-offering to whatever they believe in. There are times when, for the welfare of the greater number, individual lives must be sacrificed. The great General inspires his soldiers because he believes it also for himself, the realisation that whatever may be demanded by the exigencies of war, death in a great cause is a life lived victoriously.

A great General is also loyal to his soldiers. Only in that spirit of loyalty does he demand loyalty of them in return. Thus, we see that even in critical times when stern command is necessary for proper leadership, the essence of genius in leadership is supportive, not dictatorial. An example of a great General, though not always a great tactician, was George Washington. Rather than billet his tired and hungry soldiers on civilian homes, and rather than feed them by foraging, he chose — for himself as much as for his army — discomfort, cold, and hunger. Historians who have concentrated only on his need to win the war have criticised him as impractical, if not even indecisive, but Washington understood that the need of the hour was as much to draw people to the concept of revolution as it was to win the revolution itself. It was his breadth of vision, and his concern for human values, as well as his greatness as a man of honour that made him one of the great Generals of history.

If it is true even in the military that leadership means leading others, and involving them, not driving and coercing them, then how much more is it true in matters where total self-sacrifice is not the issue. More can be accomplished by working with people than over them.

Handle with care

Leadership is an art. Bad leadership is usually due more to clumsiness than to ill will. Leaving aside the natural bullies - most of whom, except in circumstances where bullying has been imposed as the norm, have neither the intelligence nor the perceptivity to earn positions of real authority - people who fail as leaders usually do so simply because they are ill at ease in positions of leadership. They are like the untrained singer who bellows loudly to conceal his inability to produce a pure tone; and like the actor who bludgeons his audience with bombast because he hasn't learned how to win them with subtlety.

Any tailor knows you can't merely jam a thread through the eye of a needle. The strands must be brought carefully to a point, then inserted cautiously into it, allowing not a single one of them to escape.

The same is true of any art. One cannot bluster. One must attune himself sensitively to the requirements of the medium he is using. To paint fine lines, an artist must use a thin brush, not a thick one. To depict loneliness, a composer may well limit himself to a simple melodic line; certainly he won't use crashing chords.

Bluster, unfortunately, is the response of many people in positions of leadership to even sensitive issues, issues where finesse and patience are essential if the support of one's subordinates is to be won. At such times, especially, the temptation often arises to consider things more important than people. Often, indeed, in such situations, one hears the justification, "But it's a matter of principle!" Is it? Sometimes, perhaps. But even then, is not kindness also a principle?

People in positions of leadership need to see their roles not as 'big shots', but as artists whose medium is the dynamics of human cooperation.

Because the suggestions offered in these pages are people-oriented rather than job-oriented, they will prove helpful as well to anyone whose lot it is to work with others, whether in a position of leadership or not - for example parents, teachers, store salesmen or anyone wanting to win others to a point of view.

Even people who live and work alone may find suggestions in these pages for drawing the best out of themselves.

(The author is a spiritual teacher and founder of the Ananda World Brotherhood Community.)

Just as great Generals can inspire soldiers to make great sacrifices on the battlefield, compassionate leaders can take their teams to great heights. — KAMAL NARANG

Wednesday, 31 October 2012

India's JBF to build Europe's largest PET plant

Indian polyester producer JBF Industries is to launch Europe's biggest PET plant to date, a facility with 432,000 tpa nominal output which it will build in Geel, Belgium with completion set for 2014.

Mumbai-based JBF plans to manufacture high quality PET for bottles and packaging applications using purified terephthalic acid (PTA) feedstock supplied by the company BP Chembel from its adjacent site in Geel.

The new PET plant will be constructed by the German engineering company Uhde Inventa-Fischer. The facility will make use of the engineering firm's state-of-the-art, energy-efficient MTR Melt-to-Resin technology in producing quality PET pellets.

The integration of a 54,000 tpa Flakes-to-Resin (FTR) recycling line will allow the new plant to replace up to 25% of the total raw material PTA required for its production with recycled material.

Detailed engineering for the JBF Geel project will be handled jointly by Uhde Inventa-Fischer and a sister company Uhde India Private Ltd.

Elsewhere, JBF group offshoot JBF RAK operates a 400,000 tpa packaging grade PET resin plant in the Emirate of Ras Al Kaimah in the UAE in association with the emirate's investment authority. It also runs a three line 72,000 tpa BOPET films unit at the site. The €161m PET project went on stream in January 2007.

JFB group is planning, through a subsidiary, to launch a 90,000 tpa polyester films plant in Bahrain in June next year and has decided to set up a 1.25 million tpa PTA operation in Mangalore, India.


GSFC setting up Rs 8000 Cr Fertilizer & Petrochemical Complex at Dahej, Gujarat

The Gujarat State Fertiliser Corporation (GSFC) has drawn up Rs 8,000 crore investment for setting up an integrated fertiliser and petrochemicals complex at Dahej. 

"We are setting up 2,250 tpd ammonia, 3,500 tpd urea along with melamine and caprolactum manufacturing unit at Dahej near Bharuch at an estimated cost of Rs 8,000 crore. We have already acquired land and ready with the detailed project report (DPR)," GSFC Executive Director (Finance) B M Bhorania told. 

However, the company is waiting for the government's urea policy, before going ahead with the project, Bhorania said. 

After rolling out a slew of reform measures, the government is likely to approve the much-awaited urea investment policy, aimed at attracting an investment of around Rs 45,000 crore to boost urea production in the country. 

The draft policy floated by the fertiliser ministry has got the nod of concerned ministries such asfinance, commerce and agriculture ministries as well as the Planning Commission. Now it will be sent to the Cabinet for final approval. The policy aims adding production of 7-8 million tonne to country's existing urea production capacity of 22 million tonne against the annual demand of 30 million tonne. 

We hope that the urea policy should be through, he said. The advantage with GSFC is that it has an integrated complex which helps it in manufacturing caprolactum and melamine at highly cost-effective prices which helps in clocking higher margins. 

Meanwhile, the company's joint venture withCoromandel International in Tunisia has commenced Phosphoric acid and the first shipment of the same is expected in December, Bhorania said. 

The JV Tunisian Indian Fertilisers (TIFERT) in Tunisia will produce 3,60,000 tpa of phosphoric acid and both GSFC and Coromandel will import 1,80,000 tpa of phosphoric acid each per annum, he added. 

GSFC presently produces 9 lakh tonnes on Di ammonium phosphate (DAP) at its Sikka unit in Gujarat and the company requires 4,20,000 tonnes per annum phosphoric acid as raw material, for which it has already tied up. 

The company now plans to add 5,00,000 tpa DAP and its production will be met through imported phosphoric acid from Tunisia, he added. 

In anticipation of good monsoon during FY 13, the company is hopeful that demand for fertilisers will be higher in the current year.

Friday, 26 October 2012

PolyOne Buying Spartech for $393m

Polymer compounder and distributor PolyOne plans to expand its product portfolio by acquiring Spartech, the firms have announced.

US-based Spartech brings a leading North American market position in sheet, rigid barrier packaging, compounds and specialty cast acrylic technologies to PolyOne.

PolyOne said the deal would be a bolt-on acquisition with opportunity for global expansion and allow the firm to align capacity and cost structure with customers. It would help Spartech shift away from high-volume products toward more value-added technologies.

The transaction is valued at about $393m (€302.9m), including assumption of Spartech's net debt of $142m (€109.5m). The companies expect to complete the deal in the first quarter of 2013.

Earlier this year, at an investory day event in New York, PolyOne said its goal is to have sales of $5bn (€3.9bn) and adjusted earnings per share of at least $2.50 (€1.93) by 2015. The sales goal is more than 70% higher than the $2.9bn (€2.2bn) total posted by PolyOne last year. The adjusted earnings-per-share target is more than double last year's $1.02 (€0.79).

PolyOne is the largest compounder in North America, according to Plastics News estimates, with an estimated market share in the region of 10-11%. Plastics News estimated the regional market in 2010 at $9.7bn (€7.5bn).

Spartech is the ninth largest film & sheet manufacturer in North America, according to Plastics News' most recent survey, with estimated relevant sales of $750m (€578.6m).

In the nine months that ended 4 August, Spartech reported earnings of nearly $3.3m (€2.5m) on sales of $862.6m (€665.6m).

"Spartech expands PolyOne's specialty portfolio with adjacent technologies in attractive end markets where we already participate as well as new ones like aerospace and security," said Stephen Newlin, chairman, president and CEO of PolyOne, in a statement.

"By combining Spartech's leading market positions in sheet, rigid barrier packaging and specialty cast acrylics with PolyOne's capabilities, we can accelerate growth for both companies," Newlin said. "We believe this is a very compelling transaction for our shareholders, customers and employees."

Separately, PolyOne reported that its net income in the third quarter rose 11%, to $24m (€18.5m) from $21.6m (€16.7m) in the third quarter of 2011.

Revenue edged up less than 1%, to $740.2m (€571.2m) from $735.8m (€567.8m).


Monday, 22 October 2012

Vedanta to resume operations at Odisha refinery

Vedanta Aluminium Ltd (VAL) on Monday will resume operations at its 1-million-tonne refinery at Lanjigarh in Odisha a week after it had shut down the plant due to shortage of bauxite. VAL will initially start its captive co-generating plant (CPP) to generate steam, essential for running the refinery.



The Anil Agarwal-owned company has managed to pile up some 35,000 tonnes of bauxite at its plant site from its sister company Balco's Kwardha mine in Chhattisgarh. Similarly, VAL has ensured bauxite supplies to the tune of 90,000 tonnes from Gujarat Mineral Development Corporation (GMDC) after bagging the contract from the state PSU, which is expected to arrive at the plant by month-end.



Besides, in a desperate bid to procure bauxite, basic raw material for the alumina refinery, the VAL officials are discussing with a number of exporters in Gujarat and Maharashtra for diverting Bauxite to the plant.



"However, we have so far got no firm commitment from any of them. With the present arrangement, we may be able to run up to December 5 at reduced capacity of 60-70%. Continuing operation beyond December 5th shall entirely depend on the Union ministry of environment and forests' (MoEF's decision as well outcome of the discussion we are holding with exporters from Gujarat and Maharashtra," said Mukesh Kumar, Lanjigarh President and chief operating officer, VAL.



Kumar in a letter to the Odisha government earlier, had indicated partial lock-out of the plant from December 5, 2012. Out of two mines of Balco, the Mainpet bauxite mine could not be reopened as the MoEF has not implemented the Delhi High Court's order. The order stated that mining leases which have valid and subsisting environmental clearances (EC) are not required to obtain fresh environment clearance at the time of the lease renewal.



Disposing of a writ filed by the Federation of Indian Mineral Industries, a division bench of the Delhi High Court in its order on August 1, 2012, had asked the MoEF to issue an amendment to the latter's notification on April 4, 2011 "in such a way that it would not apply to mining projects/units which already possess valid and subsisting ECs".



VAL is presently banking upon Kwardha mines, which supplies about 2,000-3,000 tonnes of bauxite per day. "With this, we could accumulate around 35,000 tonnes in last 10 days i.e., from the time we stopped the plant temporarily on October 12, 2012," Kumar added.



VAL needs 10,000 tonnes of bauxite every day to run the plant at full capacity. Meanwhile, VAL has approached both Federation of Indian Mineral Industries (Fimi) and Federation of Indian Chambers of Commerce & Industry (Ficci), seeking ban on bauxite exports.

Sunday, 3 June 2012

Schmersal India to set up Ranjangaon plant

Schmersal India is setting up a manufacturing facility at Ranjangaon, near Pune in Maharashtra with an investment of 8 million euro. It will produce safety devices, lift switchgear and electronic sensors which finds applications in machinery serving food, pharma and other FMCGs. The plant is expected to go operational in 2013. It may be noted, Schmersal India is a 100% subsidiary of German based Schmersal group.



ANUP SHAH

Adroitt Flow Control Pvt Ltd-India

Cell +91 9820501463

anup@adroitt.net



(Sent from iPhone)

US ExxonMobil plans world-class Texas petchem project

ExxonMobil plans world-class Texas petchem project


ExxonMobil is planning a multi-billion dollar petrochemical expansion at its facility in Baytown, Texas, which would include a new 1.5m tonne/year steam cracker, the company confirmed on Friday.

The ethane cracker will provide ethylene feedstock for two new 650,000 tonne/year high-performance polyethylene (PE) lines at the company's nearby Mont Belvieu Plastics Plant, the US oil giant said.

The "world-class" project, due to start-up in 2016, will also include premium product facilities at the integrated Baytown complex and will capitalise on the North American shale gas boom.

ExxonMobil has filed permit applications with the US Environmental Protection Agency and the Texas Commission on Environmental Quality, with government reviews and approvals expected to take around a year.

"The new facilities would enhance ExxonMobil's international petrochemical manufacturing network, and help meet growing global demand for high-quality petrochemical products which are used in a wide range of consumer and industrial applications," said company spokesperson Margaret Ross.

"This proposed expansion would enable ExxonMobil Chemical to economically supply the rapidly growing demand for high-value polyethylene products.

"ExxonMobil Chemical estimates exports could increase significantly as a result of the expansion.

"The proposed investment reflects ExxonMobil's continued confidence in the natural gas-driven revitalisation of the US chemical industry."

ExxonMobil will make a final investment decision following completion of the government's reviews and approvals, Ross said.

The project will create an estimated 10,000 construction jobs with around 350 permanent jobs added to the company's 6,500-strong workforce in the Baytown area.

ExxonMobil estimates that it would increase regional economic activity by approximately $870m (€705m) per year and generate over $90m per year of additional tax revenues for local communities.

"The natural gas revolution in the United States, driven by industry innovation, is enabling US chemical manufacturers like ExxonMobil to invest in America, create thousands of US jobs, and increase sales to domestic and global markets," Ross added.


ANUP SHAH
Director
Adroitt Flow Control Pvt Ltd-India
Cell +91 9820501463

(Sent from iPhone)

Wednesday, 30 May 2012

Robust Growth for Indian Petrochemical Sector


APIC '12: Strong growth eyed for India petrochemical industryIndia's petrochemical industry is expected to register robust growth in the years ahead provided it continues with efforts towards enhancing its competitive advantage, an industry executive said on Friday.

"The petrochemical industry in India is expected to accelerate growth in the remaining months of 2012 – a trend which is projected to continue in the coming years," said Kamal Nanavaty, vice president of the Chemicals and Petrochemicals Manufacturers Association (CPMA) of India.

Nanavaty was speaking at the 34th annual Asia Petrochemicals Industry Conference (APIC) being held in Kuala Lumpur on 17-18 May.

"In the aftermath of 2008 [financial] crisis, [the] prognosis for the petrochemical industry of India is still bright and analysts expect it to grow at a 15% CARG [compound annual rate of growth]," Nanavaty said.

He said competitiveness is key to sustained economic growth at the global, regional and national level.

"Hence, irrespective of whether the industry is at the peak or trough of the cycle, it is vital that we pursue every available avenue to enhance competitiveness," he added.

India's polymer demand growth is expected to grow at a faster pace of 8-12% in 2012-2013, after registering a subdued demand growth of 4.6% in 2011, according to the country's petrochemical industry association in a report released on Friday.

India's ethylene capacity increased by 8% to 4.03m tonnes in 2011, while its propylene capacity grew 3.4% to 3.96m tonnes, with some 807,000 tonnes/year of capacity expected to be added by 2013.

Butadiene (BD) demand in the country registered a nominal growth of 0.8% in 2011 and is expected to grow at a faster rate of 2% in 2012.

By 2013, demand for butadiene is expected to jump by 50% with the expected start-ups of new styrene butadiene rubber (SBR) and butadiene rubber (BR) plants.

Meanwhile, India does not produce styrene locally and is fully dependent on imports.

Its demand for styrene totalled 525,000 tonnes/year in 2011, registering a growth of 11%. India expects the same demand growth this year and next year.

In 2011, paraxylene (PX) demand increased by 3.5% and is expected to moderate to 2.1% in 2012, before recovering in 2013, when an 8.7% growth is expected.

India's domestic PX capacity stood at 2.50m tonnes/year in 2011, with no new capacity coming up in 2012 and 2013, according to the report.


ANUP SHAH
Director
Adroitt Flow Control Pvt Ltd
Cell +91 9820501463

(Sent from iPhone)