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U.
S.
pyrolysis producers turn to pyrolysis of heavy feedstocks
Market analysts said that some crackers in the United States are replacing ethane as cracking feedstock
with natural gas condensate (NGL) with propane and butane as the main components.
The current trend of raw material re-insult for crackers in the United States is mainly due to the following two factors: on the one hand, ethylene prices have fallen to record lows and the increase in ethane costs have made the profit of spot ethylene production using ethane as a raw material in the United States hit a record low; On the other hand, the decline in NGL prices and the firm prices of propylene and butadiene have significantly improved
the cracking economy of NGL as raw materials.
James Ray, senior consultant at Axis Technologies, said: "We may see more and more crackers turning to cracking heavy feedstocks such as NGL to reduce ethylene production while increasing the production of
more valuable by-products such as propylene and butadiene.
”
The Asia-Pacific market leads the growth in global demand for motorcycle lubricants
According to a recent report by consulting firm Klein, global demand for motorcycle lubricants will grow
at an average annual rate of 3.
5% over the next five years, driven by growing market demand in the Asia-Pacific region.
Data show that in 2017, the global demand for motorcycle lubricants was 1.
4 million ~ 1.
5 million tons, of which the demand in the Asia-Pacific region accounted for 70%~80% of the total global demand, South America accounted for less than 15% of the total demand, and the demand in North America, Europe, Africa and the Middle East accounted for less than 5%.
India, China, Indonesia and Thailand in the Asia-Pacific region account for more than
half of the total global demand for motorcycle lubricants.
In these key countries, BP and Shell are competing with each other to become the largest supplier of motorcycle lubricants there
.
Global natural gas demand growth will slow
According to the latest medium- and long-term outlook report of the global natural gas market released by the international gas association Cedigaz, global natural gas demand is expected to grow
at an average annual rate of 1.
4% from 2016 to 2040, driven by the demand of the Chinese market.
However, due to the rapid development of renewable energy and the substantial improvement of energy efficiency, the growth rate of natural gas demand will fall from an average of 1.
8% per year from 2016 to 2025 to 1.
2%
per year from 2025 to 2040.
In absolute terms, global natural gas demand will increase by 1.
214 billion tons of oil equivalent from 2016 to 2040, of which industry (including the chemical industry) and power industry will each account for 40% of the new global natural gas demand, and the construction industry and transportation will account for 13% and 7%
respectively.
Commercial production of the first PBT plant in the Middle East began
Recently, Sipchem, a subsidiary of Saudi International Petrochemical Corporation, began commercial operation
of a new polybutylene terephthalate (PBT) plant.
The plant has a design capacity of 63,000 tons and is located in the Industrial City of
Jubail, Saudi Arabia.
Performance tests have been successfully completed to ensure the efficiency, productivity and product quality
of the plant.
Ahmad Al-Ohali, CEO of Sipchem, said the PBT unit is the first of its kind in the Middle East and that the commercial operation of the unit is an important step in
the company's expansion and growth strategy.
The addition of PBT units will enable Sipchem to further realize its product benefits and will strengthen the high value-added industrial chain
.
