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Crisis again! A large number of chemical plants such as Dow and DuPont will be forced to close, and Saudi Arabia smashes 50 billion to build a factory in South Korea.

The risk of railway strike is approaching

Many chemical plants may be forced to stop working

According to a latest analysis released by the US Chemistry Council ACC, if the US railway is in a major strike in December, it is expected to affect $ 2.8 billion in chemical goods per week. The one -month strike will cause about $ 160 billion in the US economy, equivalent to 1%of the US GDP.

The American chemical manufacturing industry is one of the largest customers in the freight railway and transports more than 33,000 trains a week. ACC represents companies in industrial, energy, pharmaceuticals and other manufacturing. Members include 3M, Tao Chemical, DuPont, ExxonMobil, Chevron and other international companies.

The whole body is moved. Because chemical products are the upstream materials of multiple industries. Once the railway shutdown causes the transportation of chemical industry products, all aspects of the US economy will be dragged into the swamp.

According to Jeff Sloan, a senior director of ACC transportation policy, the week of the railway company released a strike plan in September, due to the threat of strike, the railway stopped receiving goods, and the amount of chemical transportation decreased by 1975 trains. “Big strike also means that in the first week of railway services, many chemical plants will be forced to close,” Sloan added.

So far, 7 of the 12 railway unions have agreed to the railway agreement intervened by the US Congress, including 24%of the salary increase and additional bonuses of $ 5,000; 3 unions voted for rejection, and 2 and two were the other. The vote has not been completed.

If the remaining two unions have approved the tentative agreement, the BMWED and BRS in the rejuvenation of the union will start strike on December 5th. Although the small international boiler manufacturer brothers will vote for rejuvenation, they will still be in the calm period. Keep negotiation.

If the situation is opposite, the two unions also rejected the agreement, so their strike date is December 9. BMWED previously stated that BRS has not yet expressed its statement in conjunction with the strikes of the remaining two unions.

But whether it turns out to be a three-union walkout or a five-union walkout, it will be a nightmare for every American industry.

Spending $7 billion

Saudi Aramco plans to build a factory in South Korea

Saudi Aramco said on Thursday that he plans to invest $7 billion in the plant of S-Oil, its South Korean subsidiary, to produce more high-value petrochemicals.

S-Oil is a refining company in South Korea, and Saudi Arabia has more than 63% of its shares to hold its company.

Saudi Arabia stated in the statement that the project is called “Shaheen (Arabic It is an eagle)”, which is the largest investment in South Korea. Petrochemical steam cracking device.It aims to build a large integrated refinery and one of the largest petrochemical steam cracking units in the world.

The construction of the new plant will begin in 2023 and be completed in 2026. Saudi Arabia said the factory’s annual production capacity will reach 3.2 million tons of petrochemical products. The petrochemical steam cracking device is expected to deal with by -products generated by crude oil processing, including the production of ethylene with petroleum and exhaust gas. This device is also expected to produce acryl, butyl, and other basic chemicals.

The statement pointed out that after the project is completed, the proportion of petrochemical products in S-OIL will double to 25%.

Saudi Arabia CEO Amin Nasser said in a statement that the growth of global petrochemical demand is expected to accelerate, partly because the Asian economy’s petrochemical products are growing. The project can well meet the growing needs of the local area.

On the same day (17th), the Saudi Arabian Crown Prince Mohammed Ben Salman visited South Korea and was expected to discuss the future cooperation between the two countries. The business leaders of the two countries signed more than 20 memorandums between the government and enterprises earlier on Thursday, including infrastructure, chemical industry, renewable energy, and games.

Energy use of raw materials is not included in total energy consumption

How will it affect the petrochemical industry?

Recently, the National Development and Reform Commission and the National Bureau of Statistics issued the “Notice on Further Instead of Energy Control of Energy Consumption Control” (hereinafter referred to as the “Notice”), which notified the provision ” , Hydrocarbon, alcohol, ammonia and other products, coal, oil, natural gas and their products, etc., are the category of raw materials. ” In the future, the energy consumption of such coal, petroleum, natural gas and its products will no longer be included in total energy consumption control.

From the perspective of the “Notice”, most of the non -energy uses of coal, oil, natural gas and its products are closely related to the petrochemical and chemical industry.

So, for the petrochemical and chemical industries, what impact does raw energy use from the total energy consumption?

On the 16th, Meng Wei, a spokesman for the National Development and Reform Commission, said at a press conference in November that the use of raw materials can be deducted more scientifically and objectively to reflect the actual situation of the energy use of petrochemicals, coal chemical industry and other related industries, and effectively enhance the total energy consumption. The elasticity of quantitative management is to provide a space for high -quality development, provide guarantee for the reasonable energy use of high -level projects, and support the supporting support for the strengthening of the toughness of the industrial chain.

At the same time, Meng Wei emphasized that the use of raw materials for deduction is not to relax the requirements for the development of industries such as petrochemical and coal chemical industry, and not to encourage blindly developing related projects in various regions. It is necessary to continue to strictly implement project access requirements, and continue to promote industrial energy saving and improve energy efficiency.


Post time: Nov-25-2022