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Chexpress - February 19, 2014
19 February 2014
North America
Ethane
INEOS Europe AG has announced a new ethane purchase agreement with CONSOL Energy in the USA. Ethane will be transported through the Mariner East infrastructure and imported by sea for use in INEOS’ European cracker complexes. Supplies will start in 2015.
Thermal Plant
The Ivanpah Solar Electric Generating System sprawls across roughly 5 square miles of federal land near the California-Nevada border. The $2.2 billion complex of three generating units is owned by NRG Energy Inc., Google Inc. and BrightSource Energy. It can produce nearly 400 megawatts of power.
Purchase
Phillips 66 Partners LP will buy a 681-mile refined products pipeline system and two refinery-grade propylene storage systems from Phillips 66 for $700 million. Phillips 66 Partners will now operate the 132,000 barrels/day Gold Line System that runs from a Phillips 66-operated refinery in Borger, Texas to Cahokia, Illinois. The storage systems in Medford, Oklahoma have a total working capacity of 70,000 barrels and are scheduled to start operating on March 1.
World
Postponement
Peru has pushed back the date it will announce the winner of the rights to build a $2.5 billion natural gas pipeline. The date has been pushed from Feb. 17 to June 30. The concession date has been changed twice since initially being scheduled for Oct. 7 of last year.
Refinery
PetroChina’s newly started $6 billion greenfield and petrochemical complex in Pengzhou is expected to start commercial operations by early April. The PetroChina plant is designed to process Kazakh, Russian oil as well as PetroChina’s own crude from the Xinjiang region. Crude will be piped from neighboring Kazakhstan via a trunk pipeline started in 2006. The refinery is integrated with a petrochemical complex, including an 800,000 ton/year ethylene unit, which makes feedstock for plastics and textiles.
Cracking Furnace Project
Technip was awarded a contract by Open Joint Stock Company to provide technology and services for a grassroots furnace at Kazan, Russia. The project consists of the engineering and procurement of an SMK double-cell cracking furnace. The project follows the successful start-up and operations of a Technip SMK double-cell cracking furnace supplied in 2007. The furnaces are part of the ethylene plant at the seat, with the output used as feedstock for other downstream units. Technip’s operating center in Zoetermeer, The Netherlands will execute the project, which is scheduled for mechanical completion in 2015.
Software Upgrade
ProSim has released a new version of its Simulis Thermodynamics software. This new version is compatible with 64-bit applications for thermodynamic calculations. Simulis Thermodynamics 2.0 also includes a pure-compound physical properties prediction tool for molecules.
