Industry News

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.

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