28 May 2012 00:00 [Source: ICB]
WORK SET TO START ON YUNNAN CRACKER
PetroChina is expected to start building a 200,000 bbl/day refinery and a 1m tonne/year cracker at Anning, in China's Yunnan province, in the second half of this year, a local government official said. The facility is expected to come on stream in late 2014. PetroChina has obtained environmental assessment clearance for the project and is now awaiting final approval from the National Development and Reform Commission (NDRC), the official said. PetroChina signed a memorandum of understanding with Saudi Aramco in 2011 to develop the refinery jointly.
FRANCE'S NOVAPEX TO DOUBLE IPA CAPACITY
Novapex plans to double the isopropanol (IPA) capacity of its 40,000 tonne/year plant in Roussillon, France, according to a company source. The expansion will be implemented in two phases. The first will add 10,000-20,000 tonnes/year of capacity and is expected to be completed by mid-2013. A timeframe for the second phase of the expansion is yet to be set. As with the existing capacity, the additional output will be manufactured using Novapex's own high-purity acetone.
ITOCHU SIGNS PACTS WITH PETRONAS, PTT
Japanese trading firm ITOCHU has signed a heads of agreement with Malaysian oil company Petronas to develop several petrochemical downstream projects jointly within Petronas's Refinery and Petrochemical Integrated Development (RAPID) complex in Johor, Malaysia. ITOCHU said it has also signed a separate heads of agreement with Petronas and Thailand's PTT Global Chemical for the development of several petrochemical downstream units, also within the RAPID project.
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