Abdolazim Hasseli’s Post

30,000 Tons of PVC and 9,000 Tons for Export: Egyptian Petrochemicals Company’s Plan for Growth and Sustainability Engineer Karim Badawi, Minister of Petroleum and Mineral Resources, emphasized the strategic priority of the petrochemical industry due to its significant economic impact on Egypt, particularly through foreign currency revenues. He highlighted the petroleum sector’s robust infrastructure, which enables expansion in value-added industries and optimal utilization of Egypt’s natural resources. This statement was made during the general assembly of the Egyptian Petrochemicals Company to discuss the FY 2025/2026 budget, attended by Vice Prime Minister for Industrial Development and Minister of Transport and Industry, General Kamel El-Wazir, Minister of Electricity and Renewable Energy Dr. Mahmoud Esmat, Minister of Local Development Dr. Manal Awad, along with petroleum sector leaders and auditors from the Central Auditing Organization. Minister Badawi noted efforts to channel rich natural gas produced locally, particularly from the Western Desert and certain Mediterranean fields, into petrochemical production, aiming to maximize added value and avoid its inefficient local consumption. He also stressed the importance of running petrochemical plants at full capacity by ensuring sufficient feedstock supply. Engineer Ahmed Mawqe’, Chairman of the Egyptian Petrochemicals Company, highlighted key performance achievements. The company exceeded its production targets, producing over 30,000 tons of PVC and 55,000 tons of caustic soda during the first half of the fiscal year, meeting 100% of planned capacity. The company exported 9,000 tons of PVC and 20,000 tons of caustic soda, attracting global attention and fostering plans for nearby industrial investments. Future projects include the rehabilitation of seven PVC reactor units, upgrading the New Valley packaging plant in collaboration with Nile Petroleum and South Valley Holding, and implementing a 150% capacity expansion for caustic soda concentration units. Additionally, a 3D modeling system is planned to enhance operations. Minister Badawi praised the company’s innovative energy-saving measures, emission reductions, and adherence to global climate standards, ensuring the competitiveness of Egyptian petrochemical products in international markets. #EgyptPetrochemicals #PVCProduction #Sustainability #PetroleumToday #EnergyDevelopment

S-Oil’s Strategic Shift: The Shaheen Project Leading the Way in Petrochemicals S-Oil Corp., South Korea’s leading oil refiner, is making a significant shift into petrochemicals through its Shaheen Project, representing a bold move to future-proof its business in the face of global decarbonization. Launched in Mar'23, the $6.72 billion (9.26 trillion won) project is set to transform S-Oil’s business model, with completion now at 40% completion of EPC process. Production Capacity: 1.8 million tons of ethylene annually, making it the largest single facility of its kind in the world. A cornerstone of the Shaheen Project, vertical integration allows S-Oil to internally supply raw materials (from crude oil to naphtha, ethylene, and PE). This model reduces costs associated with transportation, customs, and external procurement, giving S-Oil a competitive edge over traditional petchem producers. The thermal crude to chemical (TC2C) facility maximizes naphtha extraction directly from crude oil, feeding into steam crackers that produce ethylene, which is then converted into high-value polyethylene for export. Upon completion, the Shaheen Project will double S-Oil's petchem business share from 12% to 25%, solidifying its role as a major player in the petrochemical industry. The project also represents the largest-ever investment in Korea by Saudi Aramco, S-Oil’s major shareholder, highlighting the strong international partnership between South Korea and KSA. The Ulsan city government and Korean business associations are actively supporting the project, expediting the permitting process, and advocating for improvements to the investment tax credit system.

Joint Meeting to Address Challenges at Abadan Petrochemical Complex in Khuzestan Province In an unprecedented move, Abadan Petrochemical Complex held a special meeting with representatives of creditor organizations, along with the Deputy Governor of Khuzestan Province for Economic Coordination, to address the company's deep-rooted structural problems. These issues include accumulated debts, design flaws, and challenges related to natural gas feedstock pricing. Sajjad Meymanat Abadi, the acting CEO of Abadan Petrochemical Complex, presented a comprehensive plan to improve the company's condition, modernize its production systems, and increase efficiency. He emphasized the importance of reducing the price of natural gas feedstock from Abadan Refinery as a key strategy to achieve these goals. Meymanat Abadi also highlighted the historical challenges faced by the complex, including the one-sided pricing formula for feedstock and accumulated losses. Given the pivotal role of Abadan Petrochemical Complex in the province's and country's economy, the decisions made at this meeting, guided by the governor's structural and transformative approach, are expected to bring about a significant transformation in the company's status, thereby boosting production and employment in the region.

Sinopec Completes Construction of China's Largest Petrochemical Industrial Base - Sinopec has announced the completion of the second-phase expansion and advanced materials project at its Zhenhai Refinery. - The refinery's capacity has been increased to 40 million tons per year, surpassing a total refining capacity of 50 million tons annually for the Zhejiang Ningbo Petrochemical Industrial Base. - This development establishes Zhejiang Ningbo as China's largest and most advanced petrochemical industrial base. - The expansion involved an investment of CNY 41.6 billion and includes 18 production units such as distillation, catalytic cracking, and polypropylene units. - The expanded production capacity is expected to support the development of high-end polyolefins, advanced materials, and specialty chemicals. - Approximately 8 million tons of petrochemical products are anticipated to be generated annually, improving supply chains for several industries in the region. - Key technological achievements include the localization of 10 core technologies and deployment of smart technologies for digital and physical factory integration. - The project has realized an overall energy consumption reduction of 11.7% through comprehensive energy-saving measures. - Over 90 million consecutive safe man-hours were recorded during construction, achieving a 100% quality pass rate for all units. - Zhenhai Refinery has an ethylene production capacity of 2.2 million tons per year and is consistently ranked among the top performers in global ethylene evaluations. https://lnkd.in/gQfZ5CfE

Major Progress in Egypt's Petrochemical Industry Towards Self-Sufficiency! The country's nine key petrochemical companies surpassed their production targets by 5%, reaching nearly 4 million tonnes in the fiscal year ending June 2024, according to the Ministry of Petroleum and Mineral Resources. During the recent General Assembly of the Egyptian Petrochemical Holding Company (ECHEM), Oil Minister Karim Badawi revealed plans for nine new projects aimed at boosting crude oil and gas output, optimizing energy use for petrochemical plants, and attracting fresh investment. Among the exciting initiatives are a methanol derivatives project in Damietta, a 100,000 tonne/year bioethanol facility, and a green ammonia production project. Additionally, efforts are underway to modernize existing plants like EPC's chlorine facility, all contributing to Egypt's £E37 billion ($761 million) in petrochemical sales. Exciting times for Egypt’s energy and petrochemical industries! #ICIS #Petrochemicals #IndustrialGrowth https://lnkd.in/d3_7vSMY

$5bn Long Son Petrochemical Complex to Begin Commercial Operations in Southern Vietnam in October Long Son Petrochemicals Company Limited (LSP), the biggest petrochemical complex in Vietnam, will begin commercial operations from October this year. Thailand’s Siam Cement Group (SCG) Chemicals, the parent company of LSP, on 1st August released its business performance in the first half of this year. The firm revealed that LSP was projected to generate revenue of VND15 trillion (US$592.8 million) this year and VND38 trillion ($1.5 billion) by 2025. The petrochemical complex was initially scheduled for commercial operations in the second quarter of this year. However, it grappled with a technical problem during its trial operation early this year, resulting in its suspension from March to June this year to remedy the problem and improve its operation capacity. The complex, when put into commerical operation, will supply plastic pellets to the domestic and global markets. The global economic downturn and oversupply will be great challenges for the project, according to SCG. LSP, covering 464 hectares of land in Ba Ria - Vung Tau Province, a neighbor of Ho Chi Minh City, is the first integrated petrochemical project in Vietnam. In vietnam, SCG’s revenue totaled nearly VND16.4 trillion ($656 million) in the first six months of this year, rising 12 percent over the year-ago period. Thammasak Sethaudom, president and CEO of SCG, said SCG’s performance in the second quarter of this year was better than that in the previous quarter. The group yielded VND88.38 trillion ($3.5 billion) in total revenue and VND2.6 trillion ($102 million) in profit of last quarter, up three and 53 percent, respectively, over the previous quarter. Its revenue hit VND174 trillion ($7 billion) in the first half of 2024. Tuổi Trẻ Online, 3rd Aug 2024 #polyethylene #polypropylene #steamcracking #vietnam Siam Cement Group (SCG) Long Son Petrochemicals (LSP) Technip Energies Mitsui Chemicals Group Univation Technologies, LLC The US$5 billion Long Son Petrochemicals Company Limited (LSP), the largest petrochemical complex in Vietnam, will begin its commercial operations from October 2024. Photo: Ngoc Hien / Tuoi Tre

The Increasing Necessity to Reach a Low Carbon Economy, New Technologies Capable to Destroy Demand, and a New Mobility Profile Post COVID-19 Pandemic Creates a Hostile Scenario to Fossil Transportion Fuels. This Fact Added to a Growing Demand by Petrochemicals has been Lead Some Forecasts to Indicate that the Petrochemicals will Overtake the Transportation Fuels as Main Driver of Crude Oil Demand in Short Term. Considering 2022 as the base year, the petrochemical market size reached a total value of USD 523,56 billion with an expected compound annual growth rate (CAGR) of 5,4 % between 2022 and 2030, analyzing only the BTX Market, the market can reach a total value of USD 11,25 billion in 2032 under a compound annual growth rate (CAGR) of 4,6 % between 2023 to 2032. Under this Scenario, the Most Integrated Players of the Downstream Industry Can Enjoy a Significant Competitive Advantage in the Market, and Some Players have been done High Capital Investments in Crude to Chemicals Refining Assets as Recetly Announced by SATORP Company (A Joint Venture between Aramco and Total Energy Companies) in the Amiral Petrochemical Complex which will integrate with Jubail Refinery with a total Investment of USS 11 billion Dollars. I'm really happy and honored to publish this article in the April 2024 issue of The Catalyst Review Magazine, this is the second of a series of two articles where we present a description of how the petrochemicals seems to be the way to follow in the downstream industry aiming to ensure higher circularity and longevity potential to the downstream business...#refining #crudetochemicals #catalystgrp Thanks, The Catalyst Review Publication and The Catalyst Group and The Catalyst Group Resources Inc. for this oustanding opportunity!

Interesting insight of Crude to Chemical development!