The COVID-19 pandemic has delayed two large petrochemical projects planned for the US. Daelim Chemical has pulled out of an ethylene cracker project in Ohio that it had been developing with the Thai firm PTT Global Chemical.
PTT says the project continues to be a top priority and that it will seek a new partner while working toward a final investment decision late this year or early next year. PTT acknowledges that the combination of the pandemic and oil price volatility have delayed the timeline for developing the plant by 6–9 months. PTT has been pursuing the project since at least 2015, when its partner was the Japanese trading firm Marubeni.
Meanwhile, Chevron Phillips Chemical cites the pandemic for delaying a final investment decision on an $8 billion petrochemical facility it is considering building on the US Gulf Coast with Qatar Petroleum. The firms had intended to make the call on the plant next year. Chevron Phillips says it continues front-end engineering design.
By: Michael McCoy
Johnson Matthey is expanding its fuel cell operations into China with a £7.5-million facility to manufacture critical components for customers in the region.
Having invested around EUR 25 million in the construction of this 80,000-m3 facility, Borealis can now source and store naphtha for its Porvoo operations from the global market in a more flexible, cost-efficient, and secure way.
Mitsubishi Chemical Holdings, Japan’s largest chemical maker, has named Jean-Marc Gilson, CEO of plant-ingredients maker Roquette Frères (Lestrem, France), as its next CEO, effective 1 April 2021.