China Petroleum & Chemical Corporation News Office announced on the 9th, by the China Petrochemical construction of the Kazakhstan Atylao refinery oil deep processing project main device started trial operation, which marked the project from the construction into the production test run stage.

The Atela refinery was built in 1945 as one of the oldest refineries in Kazakhstan and one of the country’s three largest refineries, once the technology and equipment are behind, once on the verge of collapse. Since 2009, the refinery has implemented the aromatic project, the oil deep processing project two modern upgrading project. The two projects were completed by Sinopec Refining and Chemical Engineering Company in accordance with the EPCC contract model, with a total investment of US $ 2.7 billion. Among them, the aromatics project was completed in December 2015 put into operation, is currently the country’s largest and only aromatic plant.

The start-up trial operation of the Aftu refinery oil deep processing project by the 2.4 million tons / year catalytic cracking unit composed of 60 units, after completion, the oil processing depth of 85%, can produce in line with Euro Ⅳ, Euro Ⅴ emission standards Gasoline and diesel, will effectively reduce Kazakhstan high standards of oil import demand.

Up to now, the project has accumulated in Kazakhstan to pay the tax of about 180 million US dollars, the project location in the forefront of the amount of water in the state of the state; and Kazakhstan, a number of equipment manufacturers, steel manufacturers, material suppliers to reach the total More than $ 300 million in cooperation to promote the establishment of the Kazakhstan, CIS-based quality manufacturers and suppliers of resources; the use of subcontractors more than 200, the cumulative use of more than 6700 people, led to local employment.

In this regard, China Petrochemical Refining and Chemical Engineering Company General Manager to Wenwu said that the Aetelu refinery upgrade project to consolidate the economic and trade cooperation between China and Kazakhstan, deepen the traditional friendship has played an important role in promoting. Sinopec Refining & Chemical Engineering Company is willing to cooperate with Kazakhstan in the fields of refining engineering technology and engineering services, equipment manufacturing and other areas with leading technical capability and cost advantages, and contribute to the benefit of the two peoples.

Praxair and Linde, the world’s two largest industrial gas groups, announced on June 1 that they had formally reached a deal. The new company will become the world’s largest supplier of industrial gases.

The two companies said the deal is expected to end in the second half of 2018, the two sides hope to merge the cost savings target to 1.2 billion US dollars.

Based on the results of the 2016 report, the new company operating income of about 29 billion US dollars, the current market value of more than 70 billion US dollars (66 billion euros).

The board of directors of the new company will consist of 12 members, and Wolfgang Reitzle, chairman of the board of directors of Linde, will become chairman of the new company. Praxel chairman and CEO, Steve Angel will become CEO. The new holding company will be incorporated in Ireland.

Linde shareholders held every 1 share of Linde shares can be exchanged for 1.54 shares of new companies, while the Praxair shareholders is 1: 1 to provide shares, so as to achieve about 50:50 split share.

According to the agency reported in London on June 2, market sources said on the 2nd, due to the shortage of supply of propylene in Europe led to the supply of the region interrupted, the EU is now seeking to import propylene from the United States.

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US propylene prices were assessed at 37 cents / gallon ($ 815 / t FD) compared to 8,3.5 euros per tonne (936.8 US dollars / ton) FD Northwest. The freight is fixed at about $ 90 to $ 100 per tonne.

Sources said supply shortages caused by both the European crackers and refineries have led the EU to seek propylene imports from the west. The source added that Europe had booked two ships of propylene from the US at the end of May. A shipping industry source said that one of the ship’s propylene cargo is booked by the French company.

Total Inc. said on May 24 that after the three-week strike, the company’s Feyzin cracker and refinery began a re-start process. However, it is unclear whether the Belgian Antwerp cracker has now been restarted after the planned repair is complete.

In the first three months of this year, the EU imported 11.0204 million tons of propylene, of which US imports were zero. According to the Eurostat, Europe imports propylene from Russia, Serbia and Brazil.

Market research firm MarketsandMarkets a report predicts that the special pigment market in 2022 will exceed 962.2 million US dollars, 2017-2022 compound annual compound annual growth rate of 5.3%. Paint, plastics, printing inks, the development of the cosmetics industry, pulling the growth of special pigments market.

- according to the classification of pigments, mainly metal pigments, pearlescent pigments and others.

- In accordance with the application, special pigments can be used mainly in paints and coatings, plastics, printing inks, cosmetics and so on.

Metal Pigments: The largest share of specialty pigments in the market

Metal pigments can enhance the appearance of the effect, brightness and access to metal effects. Metal pigments have been widely used in coatings and coatings and printing inks.

Paint and Coatings: Specialty Pigments The largest application market

The application of paints and coatings is estimated to account for the largest market share during the forecast period. It is expected that from 2017 to 2022, the value and quantity in this industry will usher in high growth.

Asia Pacific: The fastest growing region for specialty pigments

Factors contributing to the Asia Pacific region’s specialty pigments market are the need for differentiation and appearance in a variety of applications; the rapid development of the paint and coatings industry due to increased urbanization.

The main players of the special pigments include BASF (Germany), Clariant (Sweden), Huntsman (USA), Atlanta (Germany), Merck (Germany), Sudarshan Chemical Industries (India).

2014 full year lucrative, especially in the first half, the profit up to 1,300 yuan / ton. In 2014, thanks to the downstream PTA, the expansion of vinyl acetate and sec-butyl acetate production capacity increased significantly, and the actual demand consumption increased by 13% over the previous year. Although the output in 2014 also increased, but the new production capacity is mainly released in the second half, especially in the second half, especially in the second quarter, the major domestic large-scale plant plans to focus on internal and external maintenance, in short supply to promote acetic acid prices quickly higher, 4-6 months prices rose as high as 36% The But the raw material methanol in 2014 is a shock down the process, which is acetic acid manufacturers an important reason for high profits. The following are the same as the ”

And the second half of 2015 to 2016 in October acetic acid business loss sales, mainly by the impact of supply and demand. In the second half of 2014, the new production capacity of 650,000 tons of equipment put into operation after the normal operation, so the output will continue to increase in 2015. But the macroeconomic environment downturn, environmental protection, security and other increasingly stringent, coupled with the impact of policy, the downstream of vinyl acetate, sec-butyl acetate and PTA and other production has declined, the market supply and demand contradiction, acetic acid manufacturers more low-cost competition, substantial profit margins.

Until October 2016, the downstream of vinyl acetate, PTA and acetate and other new devices put into operation, as well as the operating rate picked up, the consumption of raw materials increased. In addition, the rebound in crude oil prices, as well as the domestic production capacity is obvious, commodity prices generally, the downstream and the terminal to follow the bulk of goods in the late autumn and early winter operating rate rise, the overall demand has improved, supply and demand contradiction, support acetic acid factory profits rebound.

It should be noted that the raw material of methanol is the East China market price as a sample. In the country’s 15 acetic acid factory, the vast majority of factories are equipped with their own methanol plant, raw materials, 100% self-supply or a small amount of mining. Raw materials, methanol, synthetic gas from different backgrounds, the original raw materials and raw materials of the glacial acetic acid plant in the profitability is still more obvious difference. Producers who need to take methanol and gas supply after 2015 are basically “caught in the survival of the” state, especially in the third and fourth quarter, some companies choose to reduce the domestic device started, the deployment of other regions more cost competitiveness Of the supply to supplement China’s supply. And its own supporting methanol production enterprises, the overall profit is still considerable, which is the industry operating rate remained at 7.5-8 into a high level of an important reason.