Asia Petrochemical Summit 2014
24-25 Sep, 2014 - Singapore, SINGAPORE
Novotel Singapore Clarke Quay
Asia Petrochemical Summit 2014
Novotel Singapore Clarke Quay
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In order to achieve long-term feedstock competitiveness, Reliance Energy is planning to ship 1.5 million tons/year of ethane from the US. The ethane is likely to be procured from Reliance's shale joint ventures in the US and shipped to a chemical complex in Gujarat, India.
Reliance has stated that it expects to begin operations in the second half of 2016 and this move will save the company an estimated $450 million annually.
Reliance has not named which of its partner will supply ethane to its plant in Gujarat and the ones that will be responsible for transporting the natural gas liquid.
However, South Korea's Samsung Heavy Industries has already received the order from Reliance for 6 Very Large Ethane Carriers (VLEC).
Reliance's 2 shale JVs in the US includes - one with Chevron where the company has invested $1.7 billion and the other with Carrizo Oil & Gas, where $392 million has been invested. A third JV is with Dallas-based Pioneer Natural Resources, where it has invested $1.5 billion.
Some of the ethane terminal that will probably supply ethane to Gujarat are Sunoco's Marcus Hook terminal and Enterprise Products Partners proposed ethane export terminal south of Houston.
Mr. Vinayak R Marathe, Sr. Vice President- Reliance Technology Group, Reliance Industries Ltd will speak on 'India's Petrochemical Sector Update' at 21st Asia Petrochemical Summit (APS) on 24-25 September, 2014 in Singapore.
Contact Ms. Huiyan at huiyan@cmtsp.com.sg or +65 6346 9113 for more details.
11 Sep, 2014
Nanjing Jinling Huntsman New Materials Co., Ltd., a joint venture between SINOPEC Jinling and Huntsman. Jinling Huntsman, has signed a long-term contract with Praxair, Inc., whereby Praxair's subsidiary will supply industrial gases to help build a state-of-the-art propylene oxide (PO) and methyl tertiary butylether (MTBE) plant.
The plant will be located in Nanjing in East China.
Praxair will use its world-class air separation technology in building a new air separation unit (ASU) with a capacity of 900 tons per day of oxygen. The unit expected to begin operations in 2016, will be built in the Phase II of Nanjing Chemical Industrial Park (NCIP) which is a leading, state-level interconnected chemical production facility. Further, Praxair is also entrusted to build a pipeline in the park that will fulfil the industrial gas requirements of Jinling Huntsman and other customers throughout NCIP.
With this plant, Praxair will become the first industrial gases pipeline supplier in NCIP.
Chemical industrial parks such as Shanghai Chemical Industry Park, Huizhou Daya Bay Chemical Industrial Park and Yangzhou Chemical Industry Park has used Praxair's industrial gases supply networks in the past.
More on petrochemical trends and developments will be shared at 21st Asia Petrochemical Summit (APS) 2014, opening on 24-25 September, 2014 in Singapore.
Contact Ms. Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113.
13 Aug, 2014
Given the rise in electricity demand in South Korea, which is forecast to nearly double to 70.2 million mtoe in 2035, coupled with environmental regulations to reduce coal based power generation, the country is planning to import more LNG from North America, that includes shale gas.
LNG right now only meets about 25% of South Korea's total electricity consumption, while coal, nuclear reactors, oil account for 40%, 30% and 5%respectively. Hydraulic and renewable sources such as solar, wind power and fuel cell power plants meets the remaining 2% of the electricity consumption.
South Korea is considering the US for LNG imports because import costs are expected to be lower than the imports from the Middle East.
South Korea happens to be the world's second-biggest LNG importer. While the country eyes the shale gas boom in the US for LNG imports, South Korea currently purchases LNG mostly on long-term contracts from the Middle Eastern, Southeast Asian and Australian producers at prices linked to oil.
Industry trends related to LNG imports and shale gas for the petrochemical industry will be discussed at the upcoming 21st Asia Petrochemical Summit, opening in Singapore on 24-25 September, 2014.
Contact Ms. Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113.
17 Jun, 2014
