Petron awards propylene tender to Mitsui

10 April 2008 11:08  [Source: ICIS news]

SINGAPORE (ICIS news)--Filipino refiner Petron has awarded its first polymer-grade propylene tender to Japanese trading firm Mitsui & Co, a company source said on Thursday.

The first lifting of 1,500 tonnes was done on 1 April and more cargoes will be sold during the six months ending 30 September, he said.

Petron declined to provide further details such as the price and total quantity sold.

The polymer-grade propylene is sourced from Petron’s refinery in Bataan, Philippines.

The refinery consists of a fluidised catalytic cracker (FCC) and a propylene recovery unit (PCU) which produces 140,000 tonnes/year of propylene annually.

For more on propylene, visit ICIS chemical intelligence

ICIS Copyright © Reed Business Information 2009

Author: Serene Cheong
+65 6780 4359

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.