SP Chemicals cancels $ 1.5b Vietnam cracker
SP CHEMICALS, a chemicals firm based in Jiangsu, China, has scrapped plans to build a $1.5b naphtha cracker in Hoa Tam in Phu Ven province in southern Vietnam.
BHP hopes to open up Olympic Dam
Approval would mean world's largest open-cast mine
AUSTRALIA'S largest underground mine will become the world's biggest open-cast mine if BHP Billiton's plans to expand its Olympic Dam operation in northern South Australia gain regulatory approval. The draft environmental impact statement for the project, now on display for a threemonth consultation period, envisages creating a pit roughly 3 km by 3 km and up to a kilometre in depth. The ...view middle of the document...
The cracker, which was due to begin production in 2014, wouid have produced 800,000 t/y of ethylene. SP Chemicals told news agency Reuters that it blames poor economic conditions, and that it expects supply of petrochemical feedstocks from China to exceed demand within ten years, thanks to a stimulus package from the Chinese government.
Sabic and Sipchem to build petchem plants
THE Saudi Basic Industries Corporation (Sabic) has joined forces with the Saudi International Petrochemical Corrpany (Sipchem) to build nine new petrochemicab plants in Al Jubail in Saudi Arabia by 2013. The seven plants to be built by Sabic, at an estimated cost of Î3.2b, will pnDduce 250,000 t/y of methyl metha acrylate (MMA), 30,000 t/y of poly methyl metha acrylate (PMMA], 200,000 t/y of acrylonitrile, 50,000 t/y of polyacrylonitrile, 50,000 t/y of polyacetyl resins, 3000 t/y of carbon fibre and 40,000 t/y of sodium cyanide. Sipchem will build a further two plants for an estimated SaiOm to produce 125,000 t/y of poly vinyl acetate and 200,000 t/y of ethylene vinyl acetate. Sipchem will provide carbon dioxide to Sabic as a raw material for MMA production, and a Sabic affiliate will supply Sipchem with ethylene from feedstock allocated by the Saudi Arabian Ministry of Petroleum and Mineral Resources.
Green light for Gorgon gas project, but environmental conditions apply
THE HUGE Gorgon gas project has been approved by the Australian Environmental Protection Authority (AFPA), but only if the project meets and continues to meet strict pre-conditions. The Greater Gorgon gas fields lie some 130 km off the coast of Western Australia. Tapping the estimated 40,000b ft' (3716b m') of natural gas requires running subsea pipelines to Barrow Island, which would host a gas processing facility consisting of three 5m t/y LNG plants along with facilities for shipping L G and storing emissions in tiie N rocks beneath the island. Project partners...