Shell to Restart its Ethylene Cracker in Singapore in July 2016
Singapore: Shell Chemicals has
announced that the ethylene cracker complex (ECC) at Pulau Bukom, Singapore,
which was offstream since 28 November 2015. would be restarted in July, 2016.
The company asserted force majeure on the base chemicals supply from the
Singapore facility on 1st December, 2015 due to corrosion under
insulation (CIU). Moreover, the force majeure was extended to high purity ethylene oxide
(HPEO), monopropylene glycol (MPG), propylene oxide (PO), polyols and ethylene glycols.
The steam cracker would have an ethylene capacity of 1 million MT/year and
propylene capacity of 590,000 MT/year.
TechSci Research depicts that the recommencement of the Shell Chemical’s
ethylene cracker complex in Singapore is expected to address the increasing
domestic as well as international demand for petrochemical products. Moreover,
augmented petrochemicals production capacity in the region would further boost
the demand for intermediates supplied from oil refinery, thereby aiding the oil
refinery chemicals market.
According
to the recent report published by TechSci Research, “Iran Oil Refinery Chemicals Market By Type, By Application, Competition Forecast and Opportunities,
2011 – 2021”,
the oil refinery chemicals market in Iran is projected to
grow at a CAGR of over 5% during 2016-2021, on account of increasing oil and
gas refining capacity in the country. Additionally, stringent government
regulations for lowering the sulphur content of transportation fuels coupled
with implementation of Euro-4 and Euro-5 standards in Iran is anticipated to
positively influence the oil refinery chemicals market during 2016-2021.