US combined propane and propylene stocks fell unexpectedly by 1 million barrels to 66.3 million barrels during the week ended 5 June, according to the Energy Information Administration (EIA). Overall inventories were flat with prior-year levels, it says.
Demand for propane and propylene, as suggested by the product supplied category, leaped 674,000 b/d on the week to 1.263 million b/d. Exports rose slightly to 1.094 million b/d from 1.027 million b/d a week earlier, with imports also rising by 42,000 b/d to 110,000 b/d.
The bulk of the decline in stocks stemmed from the Gulf Coast (PADD 3) region, which fell by 1.4 million barrels on the week to 41.7 million barrels. East Coast (PADD 1) inventories also fell, by 100,000 barrels to 5.5 million barrels. These declines were countered by a 300,000-barrel increase in the Midwest (PADD 2) region to 15.9 million barrels, and a 100,000-barrel pickup in PADD 4 and PADD 5 to a combined 3.1 million bbl. Refiner and blender net production rose by 108,000 b/d to 2.097 million b/d.
By: Jessica Marron
Source: Chemical Week
The investment enables the steam cracker to increase the share of renewable and recycled raw materials used in its (ethylene and propylene) production. The move supports the Borealis Strategy 2030 for a circular economy. The Porvoo investment program is expected to be completed in 2025.
Murray Auchincloss, bp’s CEO, said in a statement: “As I set out in February, BP’s destination from IOC [international oil company] to IEC [integrated energy company] is unchanged – and we need to deliver as a simpler, more focused, and higher-value company.
Founded in 1972, Tecnofilm has expanded its product portfolio over the years to offer a wider range of compounds and functional polymers for various industrial applications and technical articles. The company has patented several of its products.
