Everlife-Chemopharm Group’s Post

🌏 SCGC Invests $700 Million to Strengthen Regional Petrochemical Growth at LSP Complex, Vietnam! 🚀 SCGC is taking a step forward with a $700 million investment in the Ethane Feedstock Enhancement Project at Long Son Petrochemicals (LSP) in Vietnam. This strategic move reinforces confidence in ASEAN's petrochemical industry and aligns with our long-term growth strategy. By leveraging imported ethane as an additional raw material, LSP will achieve greater feedstock flexibility, operational efficiency, and reduced carbon emissions. 🌱 🗣️ Mr. Sakchai Patiparnpreechavud, SCGC’s CEO and President, highlighted that the project focuses on building advanced ethane handling systems, enabling LSP to utilize ethene for up to two-thirds of its feedstock capacity. The project is set for completion by the end of 2027, marking a significant milestone in SCGC’s journey toward sustainable industry leadership. Despite market challenges, SCGC remains committed to enhancing production across our facilities to meet evolving market demands and economic shifts. 👉 Read the full article https://lnkd.in/ggjvfnRC #SCGC #Petrochemicals #SustainableGrowth #ASEAN #EthaneEnhancement #Vietnam #LSP #GreenInnovation #CircularEconomy #IndustryLeadership

Key Highlights: Arthur D. Little's Hector Casas underscores Saudi Arabia's petrochemical ability is slated to more than double in the next half decade—from 75 million tons to over 140 million tons annually. This amplification is part of the Kingdom's strategy to strengthen its footprint in the international petchem marketplace, leveraging cost advantages from competitive energy costs. Oliver Wyman's Nadim Haddad notes Saudi Arabia's movement towards procuring global petchem assets to reinforce its leadership in the sector. This aligns with the broader trend of international expansion, adding value to KSA's position as an industry pioneer. Amplification endeavors include not just basic petrochemicals but also high-specialty products, which add more worth to the oil molecule. The Kingdom is focusing on producing advanced materials to meet escalating demand in both emerging and established markets. The formation of SABIC in 1976 marked a turning point, leveraging natural gas resources to diversify into petrochemicals. SABIC's vertical integration strategy allows the manufacturing of a wide range of cost-competitive petchem products, contributing to KSA's leadership in the sector.

It will be a pleasure to attend the 2nd Thailand Refining & Petrochemical Forum 2024 28-29 May, 2024 Pattaya, Thailand A leading conference organizer that firmly believes in delivering value through landmark summits which offer unique opportunities for delegates to share knowledge and learn about the latest advancements in technology and innovation. THEMES: - Sustainable Development of Asian Refinery and Petrochemical Industry - Digital Transformation and Digital Twins FCC & Catalyst Innovation - Refining & Petrochemical Integration Operation Excellence and Asset - Management Sustainable Aviation Fuel and Maritime Fuels

#Sinopec achieves a significant milestone with the completion of China’s largest petrochemical industrial base, underscoring their leadership and innovation in the sector. This development spurs a new era of industrial progress.

Constanța Port: Romania’s Industrial Petrochemical Hub in the Making... Florin Spătaru, advisor to Romania’s Prime Minister, envisions Constanța Port as a major industrial and petrochemical hub, an investment anticipated to exceed €1.5 billion. Speaking at the Gas Forum, he underscored the port's strategic potential as a gateway for petrochemical goods, enhancing Romania’s economic independence. Noting interest from global chemical players, Spătaru also highlighted Romania's plans to address its trade deficit by reviving its chemical industry through a Green Deal Industrial Plan, developed in partnership with the World Bank. This strategic, long-term roadmap aims to support Romania's industrial decarbonization goals by 2050. (Source: AGERPRES)

BLOG: A personal view of the new petrochemicals world Click here to see the latest blog post on Asian Chemical Connections by John Richardson: Here is a personal view of where the petrochemicals world is heading with the conclusions or scenarios from today’s post detailed below (the debate is the thing as this is how we move forward together). #ICIS #blog #carbon #energy #renewables #PVC #MEG #polyethylene #PTA #PET

Kemira published its strong Q1 report last Friday. We have had several investor encounters this week in Paris, Helsinki and over Teams. Main discussion topics have been the strong Q1 performance, Kemira’s improved margin structure, reduced portfolio volatility after the Oil & Gas divestment and, most importantly, the strategic priorities under our new President & CEO Antti Salminen. Picture below from sunny Paris this Monday ☀️ #kemira #kemirair #chemistrywithapurpose

𝗥𝗘𝗙𝗜𝗡𝗜𝗡𝗚 𝗘𝗖𝗢𝗡𝗢𝗠𝗜𝗖𝗦 𝗶𝗻 𝘁𝗵𝗲 𝗘𝗥𝗔 𝗼𝗳 𝗘𝗡𝗘𝗥𝗚𝗬 𝗧𝗥𝗔𝗡𝗦𝗜𝗧𝗜𝗢𝗡 12 - 13 June 2024 Singapore 𝗔𝗯𝗼𝘂𝘁 𝘁𝗵𝗲 𝗖𝗼𝘂𝗿𝘀𝗲: As the urgency to combat climate change grows, the refining sector is evolving rapidly, integrating innovative technologies and operational strategies for sustainable energy production. Our Refining Economics course offers a comprehensive introduction to the economic aspects of refining, tailored to professionals across various sectors—whether you're in finance, marketing, public relations, or engineering. No prior technical expertise? No problem! This course breaks down complex concepts into actionable insights. 𝗖𝗼𝘂𝗿𝘀𝗲 𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿: Tod McGreevy. With over three decades of industry experience, Mr. McGreevy leads our course with insights gained from his tenure at a leading global energy consultancy. His expertise will guide you through the nuances of refining economics, helping you make informed decisions that impact your business. 𝗞𝗲𝘆 𝗜𝘀𝘀𝘂𝗲𝘀 𝗖𝗼𝘃𝗲𝗿𝗲𝗱: ✅ Petroleum Supply and Demand ✅ Crude Oil Properties and Valuation ✅ Refined Product Grades and Specifications ✅ Renewable Fuels Markets ✅ Transportation Logistics ✅ Pricing of Crude Oil and Refined Products Pricing ✅ Key Refining and Renewable Fuel Technologies ✅ Refining Yields and Operating Costs ✅ Capital and Turnaround Costs ✅ Refinery Economic Analysis Methodologies #RefiningEconomics #PetroleumIndustry #ProfessionalDevelopment #OpportunityKnocks #RefiningEconomics #Singapore #ConferenceConnection #refinery #investment #fundamental #refining #petroleum #crudeoil #tankers #terminals #transport #pricing #analysis #capitalcost #outlook #renewable #diesel #sustainableaviationfuel

𝗥𝗘𝗙𝗜𝗡𝗜𝗡𝗚 𝗘𝗖𝗢𝗡𝗢𝗠𝗜𝗖𝗦 𝗶𝗻 𝘁𝗵𝗲 𝗘𝗥𝗔 𝗼𝗳 𝗘𝗡𝗘𝗥𝗚𝗬 𝗧𝗥𝗔𝗡𝗦𝗜𝗧𝗜𝗢𝗡 12 - 13 June 2024 Singapore 𝗔𝗯𝗼𝘂𝘁 𝘁𝗵𝗲 𝗖𝗼𝘂𝗿𝘀𝗲: As the urgency to combat climate change grows, the refining sector is evolving rapidly, integrating innovative technologies and operational strategies for sustainable energy production. Our Refining Economics course offers a comprehensive introduction to the economic aspects of refining, tailored to professionals across various sectors—whether you're in finance, marketing, public relations, or engineering. No prior technical expertise? No problem! This course breaks down complex concepts into actionable insights. 𝗖𝗼𝘂𝗿𝘀𝗲 𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿: Mr. Tod McGreevy. With over three decades of industry experience, Mr. McGreevy leads our course with insights gained from his tenure at a leading global energy consultancy. His expertise will guide you through the nuances of refining economics, helping you make informed decisions that impact your business. 𝗞𝗲𝘆 𝗜𝘀𝘀𝘂𝗲𝘀 𝗖𝗼𝘃𝗲𝗿𝗲𝗱: ✅ Petroleum Supply and Demand ✅ Crude Oil Properties and Valuation ✅ Refined Product Grades and Specifications ✅ Renewable Fuels Markets ✅ Transportation Logistics ✅ Pricing of Crude Oil and Refined Products Pricing ✅ Key Refining and Renewable Fuel Technologies ✅ Refining Yields and Operating Costs ✅ Capital and Turnaround Costs ✅ Refinery Economic Analysis Methodologies #RefiningEconomics #PetroleumIndustry #ProfessionalDevelopment #OpportunityKnocks #RefiningEconomics #Singapore #ConferenceConnection #refinery #investment #fundamental #refining #petroleum #crudeoil #tankers #terminals #transport #pricing #analysis #capitalcost #outlook #renewable #diesel #sustainableaviationfuel