Portfolio Planning PLUS Ltd

INEOS announces closure of ABS facility in Ohio INEOS Group Ltd. announced its decision to permanently close its ABS (acrylonitrile butadiene styrene) production site in Addyston, Ohio. The Company will commence a safe and responsible decommissioning process in the second quarter of 2025. The Addyston site manufactures ABS and SAN (styrene acrylonitrile) polymers that are used in a wide variety of applications and industries, including Automotive, Household, Healthcare, and Construction. INEOS, through its INEOS Styrolution business remains dedicated to serving the North American ABS market and will continue to serve affected customers from our other production facilities in North America and within its global footprint. #abs #san #ineos #styrene Photo: The Ineos plant in Addyston early October

AFRICAN ENERGY WEEK: OIL & GAS DEMAND EXPECTED TO REMAIN STRONG THROUGH 2050 Global demand for oil and gas is expected to remain strong in the coming decades, according to Haitham al-Ghais, Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC). Speaking at the Africa Energy Week (AEW) in Cape Town, South Africa, on 6 November, Haitham al-Ghais explained that this increase in energy demand would be driven by global population growth and a doubling of global GDP by 2050. “OPEC sees the outlook for global oil and gas consumption as very positive. By 2050, energy demand will increase by 24%,” he said. The world population, currently 8 billion, is expected to reach 9.7 billion by 2050, with a significant share of this growth concentrated in developing countries, particularly in Africa. Al-Ghais stressed that this population increase and the economic growth of emerging megacities and cities of several million inhabitants would amplify the demand for energy, requiring the mobilization of all available resources, including fossil fuels. THE LEADING ROLE OF OIL AND GAS According to OPEC projections, oil and natural gas will still account for 55% of global energy supply in 2050, with oil alone accounting for 30% of this share. “The world will need all kinds of energy resources in the coming decades,” the OPEC Secretary General said, adding that renewables, although growing, will not be enough to meet this increased demand. In order to meet the growing needs and stabilize markets, OPEC estimates that massive investments will be needed in the oil sector. “Until 2050, the oil sector will require investments of $17.4 trillion,” al-Ghais said, adding that this funding will be mainly directed towards production programs to ensure stable supplies and prevent sudden fluctuations in fuel prices. A STRATEGIC EVENT FOR THE SECTOR The African Energy Week, which brings together over 1,000 participants, including officials from 22 African countries, industrialists, business people and analysts, continues until November 8. The event provides a platform to discuss energy challenges in Africa and how the continent can meet the growing global energy needs. Photo: African Energy Week 2024 presents the vision of a diversified energy future #oilandgas #crudeoil #naturalgas #africa

ExxonMobil’s Esso division has completed the sale of the Fos-sur-Mer refinery, one of France’s major refineries, and two other oil terminals to Rhone Energies, a consortium formed by Trafigura with Entara. The deal was announced on Friday, November 1, 2024. The Fos-sur-Mer refinery has a crude oil processing capacity of 140,000 barrels per day. The transaction includes the Toulouse and Villette-de-Vienne terminals, operated by Exxon’s local unit Esso. This sale marks a significant reduction in Exxon’s refining capacity in Europe, with its total refining capacity in the region decreasing to approximately 1.1 million barrels per day. However, Exxon remains the second-largest refining capacity holder in northwestern Europe, after TotalEnergies. The sale is part of Exxon’s efforts to divest non-core assets and focus on its core business. The company is also close to selling its 25% stake in a German refinery, Mineraloelraffinerie Oberrhein GmbH & Co. KG (MiRO). #crudeoil #refining #refinery

It was never easier to visualize chemical plant processes. Create a chart directly from the Mass Balance of Your operation or any company You are interested in. ppPLUS got together with software experts Enformatic Systems Sp. z o.o. and Thorsten Kansy to create the innovative and interlinked ppPLUS Visualization Module. Integrating and visualizing data models from corporate headquarter entities to plant equipment. Contact us for a model of Your portfolio.

BLYB celebrates producing 5 million tonnes of polyolefins since commissioning. On Oct. 23, Bora LyondellBasell Petrochemical Co., Ltd. (BLYB) celebrated producing 5 million tonnes of polyolefins since its commissioning, LyondellBasell reports on Linkedin. This news triggered us into creating a model of the Panjin site with a good level of details (illustration), although some information is still lacking, especially on specific technologies employed. BLYB, a joint venture between LYB and Jincheng Petrochemical, operates one of China’s largest polyolefin production sites in Panjin, Liaoning, with an annual capacity of 1.1 million tons of ethylene and related products. LyondellBasell Limin Fu #jincheng #petrochemicals #polyolefins #china  #boralyondellbasell #ethylene

The following is the full picture of Indian refining industry as captured on Portfolio Planning PLUS Ltd. Do you agree with us? Any adjustments to be done? You can chime in by joining the platform and do whatever improvements and additions to site's models you want. #refining #refinery #india

Dongguan Juzhengyuan Technology Co., Ltd. (Grand Resource) fully modeled Juzhengyuan Technology Co., Ltd. (Grand Resource) in DongGuang, China has been fully modelled. The site converts propane into 1.2 million tonnes of propylene and 50,000 tonnes of hydrogen; the propylene is further converted into 1.2 million tonnes of polypropylene. Technologies employed are Catofin PDH from Lummus Technology and Unipol PP from W. R. Grace. #pdh #propylene #polypropylene #hydrogen

Alterra closes investment round with the expectation to accelerate the commercialisation of its plastics pyrolysis technology Investors Infinity Recycling, Chevron Phillips Chemical Company, LyondellBasell, and Neste, along with long-term support from Potenza Capital, have successfully closed their latest round of equity funding in Alterra Energy (formerly Vadxx Energy). This investment round is expected to accelerate the commercialization of Alterra’s plastics pyrolysis technology, designed to transform discarded plastic into valuable raw materials. Alterra's advanced recycling technology has been modeled on ppPLUS and the mass balance of the company's demo plant in Akron has been created. One main product the technology is producing is plastics pyoil, which may be fractionnated to separate naphtha, which can be used as a feedstock returned to the cracker to produce ethylene among other products. The feedstock the technology is accepting is mostly clean polyolefin waste. Link to detailed news will be posted soon in the comments here below. Source: Alterra, 22nd Oct 2024 & portfolio planning PLUS. #pyrolysis #plasticwaste #chemicalrecycling #pyoil

Repsol freezes green hydrogen development projects Francesco Sassi, 21 Oct 2024, EklipX Research 🇪🇸 Spanish energy giant Repsol is freezing the development of all major hydrogen assets in the country, says the company. After international companies cancelled their plans to export hydrogen from 🇳🇴 Norway to 🇩🇪 Germany, this is another alarming sign for the industry in the 🇪🇺 E.U. According to Repsol, the world-reknowned Oil & Gas Spanish giant, has halted all developments of green hydrogen projects in Spain with a large electrolysis capacity, namely over 350 MW. The company says that the existing regulations in Spain are at the root of this decision. From Repsol's perspective, the current political discussion about possible windfall taxes on energy companies and banks to be confirmed in the long term makes these investments simply too risky. 🇪🇸 Spain is one of the few 🇪🇺 E.U. countries to still apply a windfall profit tax to fund relief measures for consumers. In 2023, the levy granted Madrid additional €2.9 billion going into the State's coffers. At the end of 2023, the same government extended the measure for 12 months, allowing companies to partially offset the levy on renewable energy projects. Now, the tensions between the State & Market stakeholders are rising due to the proposal of extending the windfall tax in the future. Thus, we should understand Repsol's decision in the contexts of growing, domestic political frictions, and the instability of the hydrogen market in the 🇪🇺 E.U. #oilandgas #greenhydrogen #electrolysis Repsol

Guangdong Petrochemical crude oil processing capacity exceeded 30 million tons! As of September 8, Guangdong Petrochemical has processed more than 30 million tonnes of crude oil since it was put into production in early 2023, Longchang Petrochemical reports. In the past year, it has helped Jieyang's GDP, industrial added value above designated size and other important economic indicators to grow first in Guangdong Province and become an important supply base for refined oil and chemical products in eastern Guangdong and even South China. The company guaranteed the "crude oil basket" according to the principle of optimal cost performance, and fully opened the "marine energy lifeline". In the past two years, it has received and unloaded 35.37 million tons of crude oil carried by 137 tankers, involving 36 varieties in 17 countries. The functional status of China Petroleum Offshore Import Crude Oil Optimization Center has been continuously strengthened and upgraded. #petrochina #guangdong #petrochemical #cnpc CNPC USA PetroChina International