Company News
August 25, 2022
Wanhua Cracker Project
- 25 August, 2022
- Anna Larionova
Wanhua received regulatory approval for cracker project
MOSCOW (MRC) — Wanhua Chemical has obtained approval from Shandong provincial development and reform commission for its No 2 cracker with 1.2m tonne/year capacity and downstream polyolefin project at Yantai, said the company announced.
Major derivatives will include a 250,000 tonnes/year of low-density polyethylene (LDPE) plant, two polyolefin elastomer (POE) units each at 200,000 tonnes/year of capacity, a 200,000 tonne/year butadiene (BD), a 400,000 tonnes/year of aromatics extraction, and a 550,000 tonne/year cracked gasoline hydrogenation plant.
Constructions are estimated to take three years.
The timeline is not revealed.
As per MRC, Wanhua Chemical, a major petrochemical producer in China, says it will spend USD3.6 billion to build a chemical complex in Penglai, China, by 2024. The project’s centerpiece will be a propane dehydrogenation plant (PDH) with 900,000 metric tons per year of capacity. The complex will also make propylene oxide, polyether polyols, ethylene oxide, acrylic acid, polypropylene (PP), and other products.
https://www.mrchub.com/news/403737-wanhua-received-regulatory-approval-for-cracker-project
August 25, 2022
Wanhua Cracker Project
- 25 August, 2022
- Anna Larionova
Wanhua received regulatory approval for cracker project
MOSCOW (MRC) — Wanhua Chemical has obtained approval from Shandong provincial development and reform commission for its No 2 cracker with 1.2m tonne/year capacity and downstream polyolefin project at Yantai, said the company announced.
Major derivatives will include a 250,000 tonnes/year of low-density polyethylene (LDPE) plant, two polyolefin elastomer (POE) units each at 200,000 tonnes/year of capacity, a 200,000 tonne/year butadiene (BD), a 400,000 tonnes/year of aromatics extraction, and a 550,000 tonne/year cracked gasoline hydrogenation plant.
Constructions are estimated to take three years.
The timeline is not revealed.
As per MRC, Wanhua Chemical, a major petrochemical producer in China, says it will spend USD3.6 billion to build a chemical complex in Penglai, China, by 2024. The project’s centerpiece will be a propane dehydrogenation plant (PDH) with 900,000 metric tons per year of capacity. The complex will also make propylene oxide, polyether polyols, ethylene oxide, acrylic acid, polypropylene (PP), and other products.
https://www.mrchub.com/news/403737-wanhua-received-regulatory-approval-for-cracker-project
August 24, 2022
Propylene Oxide Implications
OLIN ANNOUNCES CHLOR ALKALI CAPACITY REDUCTION
Aug. 24, 2022 4:05 PM ETOlin Corporation (OLN)
CLAYTON, Mo., Aug. 24, 2022 /PRNewswire/ — Olin Corporation (OLN) announced today that it plans to permanently shut down approximately 225,000 ECU tons of diaphragm-grade chlor alkali capacity at its Freeport, TX facility. The closure is expected to be completed by year end 2022.
“Including this closure, Olin will have rationalized over one million ECU tons of diaphragm-grade chlor alkali capacity in less than two years,” remarked Scott Sutton, Olin Chairman, President, and Chief Executive Officer. “These actions demonstrate our commitment to lift and maintain our ECU values, while developing a more sustainable asset configuration.”
COMPANY DESCRIPTION
Olin Corporation is a leading vertically-integrated global manufacturer and distributor of chemical products and a leading U.S. manufacturer of ammunition. The chemical products produced include chlorine and caustic soda, vinyls, epoxies, chlorinated organics, bleach, hydrogen, and hydrochloric acid. Winchester’s principal manufacturing facilities produce and distribute sporting ammunition, law enforcement ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges.
Visit www.olin.com for more information on Olin.
August 24, 2022
Propylene Oxide Implications
OLIN ANNOUNCES CHLOR ALKALI CAPACITY REDUCTION
Aug. 24, 2022 4:05 PM ETOlin Corporation (OLN)
CLAYTON, Mo., Aug. 24, 2022 /PRNewswire/ — Olin Corporation (OLN) announced today that it plans to permanently shut down approximately 225,000 ECU tons of diaphragm-grade chlor alkali capacity at its Freeport, TX facility. The closure is expected to be completed by year end 2022.
“Including this closure, Olin will have rationalized over one million ECU tons of diaphragm-grade chlor alkali capacity in less than two years,” remarked Scott Sutton, Olin Chairman, President, and Chief Executive Officer. “These actions demonstrate our commitment to lift and maintain our ECU values, while developing a more sustainable asset configuration.”
COMPANY DESCRIPTION
Olin Corporation is a leading vertically-integrated global manufacturer and distributor of chemical products and a leading U.S. manufacturer of ammunition. The chemical products produced include chlorine and caustic soda, vinyls, epoxies, chlorinated organics, bleach, hydrogen, and hydrochloric acid. Winchester’s principal manufacturing facilities produce and distribute sporting ammunition, law enforcement ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges.
Visit www.olin.com for more information on Olin.
August 22, 2022
Rogers Foam Expansion
Massachusetts-based foam fabricator expanding into ABQ
By Matthew Narvaiz / Journal Staff Writer
Published: Thursday, August 18th, 2022 at 2:46PM
Updated: Thursday, August 18th, 2022 at 6:55PM
A Massachusetts-based foam fabricator is bringing jobs to Albuquerque in an expansion announced on Thursday.
Rogers Foam, which converts flexible materials for the medical, automotive and bedding industries, is moving into the Albuquerque area to an existing 40,000-square-foot facility at 5154 Edith NE in September. The company plans to hire for 20 jobs at the facility.
The company’s move to New Mexico was partly due to the relationship the company has with Tempur Sealy International — the parent company of Tempur-Pedic — which has operated in Albuquerque since 2007 in an 850,000-square-foot facility on Atrisco Vista Boulevard.
Albuquerque Regional Economic Alliance, an economic development organization with a focus on bringing out-of-state businesses into the region, played a large part in Rogers Foam’s recruitment.
Rogers Foam’s presence in our region have a positive impact on Tempur Sealy, but its non-bedding expertise also lines up with the high value industries that AREA is working to develop in the region,” AREA CEO and President Danielle Casey said. “This is a win for everyone.”The City of Albuquerque’s Economic Development Department and AREA are working with Rogers Foam to help them in getting funding resources through the state’s Job Training Incentive Program. Casey said that development is “very preliminary” and still in the process.
“As they work to recruit, that is going to dictate where those holes are,” Casey said.
Rogers Foam’s headquarters are located in Somerville, Massachusetts, and the company — which has been operational for 75 years — also has a location in Santa Teresa, New Mexico. The company has production locations in four other states and in Mexico.
Erick Johnson of Johnson Commercial Real Estate helped broker the transaction for the leased facility.
https://www.abqjournal.com/2525524/massachusettsbased-foam-fabricator-expanding-into-abq.html
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