Wednesday 17 October 2012

News updates from Indianpetrochem.com

Honam shuts down MEG plant for maintenence
Oct 17 : South Korea-based Honam Petrochemicals is heard to have shut-down its 400 kilo tonne per annum MEG plant for maintenance purposes.
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Alternate feedstocks to sustain petrochemical production in future
Oct 17 : Depleting Crude Oil reserves is one of the major concerns for the petrochemical industry, which is growing rapidly, not only in India but also across the world. Driven by substantial development in industries, like, consumer durables, automobiles, infrastructure, construction, and packaging, Indian petrochemicals industry is growing impressively, at 8%-10% annually, which is the third highest growth rate in Asia, and twelfth in the world. But, experts say that ensuring sustained feedstocks supply will be difficult in the long term to cater to the demand growth, as depleting Crude Oil reserves poses an apparent threat to long term availability of Naphtha and Natural Gas. In the Petrotech 2012 Conference at Vigyan Bhawan in New Delhi, participants of the Dehradun-based Indian Institute of Petroleum delivered a presentation titled, "Feedstock options for petrochemicals", in which, they talked about some of the available resources, which could be used as alternate feedstocks for petrochemical production in sustainable ways in the long run.
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HPCL develops novel technique for increasing Propylene production
Oct 17 : Now refineries can increase Propylene production by three-fold without installing any new machineries, though a novel technique developed by Hindustan Petroleum Corporation Limited (HPCL). In the Petrotech 2012 Conference at Vigyan Bhawan in New Delhi, participants of HPCL highlighted the novel technique in a presentation titled,"Three-fold increase in Propylene production without any new hardware", in which, the participants detailed the technique, which is apparently useful for refineries in India to enhance production of the highly profitable petrochemical raw material.
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