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BASF plans Chinese coatings rm plant
January 2005
MHI RECEIVES ENEL ORDER Enel SpA has awarded Mitsubishi Heavy Industries Ltd (MHI) an order for three steam turbines on a turnkey basis. The turbines, each featuring an output of 680 MW, are part of a large-scale equipment replacement project at the Torrevaldaliga Nord power plant in Lazio. The replacement systems for power generation units No 2, 3 and 4 are scheduled to go into service progressively starting in May 2008. The Enel order marks MHI’s first delivery of steam turbines to Italy.
CHEMICALS BASF PLANS CHINESE COATINGS RM PLANT BASF is investing in a new US$30 million polyisocyanate plant in the Shanghai Chemical Industry Park in Caojing near Shanghai, China to supply the entire Asian market.
Construction of the 8000 metric tons per year plant is to begin in mid-2005. The facility is scheduled to go into operation at the end of 2006.
JACOBS TO BUILD PURIFIED ACID PLANT A Jacobs Engineering Group Inc subsidiary company has received a contract from a subsidiary of Potash Corp of Saskatchewan Inc for the expansion of its purified acid plant in Aurora, North Carolina. This project represents the fourth manufacturing train built by Jacobs at this site and will produce 90 000 tons per year of purified phosphoric acid. The contract covers basic and detailed engineering, procurement, modular fabrication, and construction.
PETROCHEMICALS EXXONMOBIL EXPANDS CAPACITY IN SINGAPORE ExxonMobil Chemical is expanding the capacity of its steam cracker in Singapore. The Singapore chemical plant, ExxonMobil Chemical’s single largest investment in the world, started up in 2001. This project will increase its ethylene capacity by 75 000 tons per year to more than 900 000 tons per year. Project completion is expected by 4Q 2006. “The economic growth in Asia Pacific has been robust, and the demand for petrochemical products closely mirrors this trend. This expansion will help position us to continue to meet the growing demand in this region,” said Lynne Lachenmyer, Asia Pacific manufacturing director, ExxonMobil Chemical Asia Pacific.
LNG TERMINAL CONTRACT GOES TO AK/IHI CONSORTIUM
FEASIBILITY STUDY FOR NIGERIAN LNG FACILITY
Sempra Energy has awarded the Aker Kvaerner and Ishikawajima-Harima Heavy Industries consortium (AK/IHI) a US$500 million contract for the engineering, procurement and construction of the Cameron LNG regasification terminal in Louisiana, USA. The project will run for three and a half years from the start of construction to operation start up in 2008. Engineering will take place primarily in Houston. The Cameron development is the first new onshore LNG terminal that has been granted a Federal Energy Regulatory Commission permit in the USA in over 20 years. The US$700 million facility, scheduled to begin commercial operation in 2008, will process 1.5 billion cubic feet of gas per day and is an important part of Sempra LNG’s strategy.
ChevronTexaco, the Nigeria National Petroleum Co (NNPC) and the BG Group plan to conduct a feasibility study on a potential liquefied natural gas (LNG) project in Nigeria. The study will consider available gas supply, marine /LNG loading concepts, available LNG technology options, LNG market options, project economics, and the social and environmental impact of the potential project. Any future decisions to move forward with Olokola LNG will depend on the results of the feasibility study.
CHENIERE AWARDS EPC WORK TO BECHTEL In a US$647 million agreement, Bechtel Corp is to undertake engineering, procurement and construction (EPC) work on Cheniere Energy Inc’s Sabine Pass liquefied natural gas (LNG) receiving, storage and regasification terminal in western Cameron Parish, Louisiana. Construction at the site is expected to begin during the first quarter of 2005, and the terminal is scheduled to be operational in early 2008. The terminal will consist of three 160 000 cubic metre storage tanks and two unloading docks capable of handling ships of up to 250 000 cubic metres.
OIL & GAS BP OUTLINES NORTH SEA SPENDING PLANS BP is to invest US$2 billion in its UK North Sea business in 2005. The company intends to spend US$780 million of capital on a range of projects and activities. In addition, US$1.2 billion will be invested in operating, supporting and maintaining its producing assets. BP’s total capital and operating investment in the UK North Sea over the next four years is expected to be over US$7 billion. An important element of the 2005 plan will be the operation of up to six mobile drilling rigs across the UK. BP will also start a platform drilling platform on up to six of its assets in the UK and Norway. BP’s programme includes development drilling for the Clair oilfield, west of Shetland, which is expected to come onstream in the next few weeks and development of the Rhum
3
MARKET PROSPECTS
commercial size demonstration plant for installation in Canada. The CCPC was created in 2000 to protect and enhance Canada’s vast coal and other carbon-based resource wealth. The CCPC represents power generators and coal suppliers of over 90% of Canada’s coalfired power generation. Their goal is to develop a demonstration project at commercial utility scale, which will allow all emissions, including CO2, to be controlled to meet all foreseeable new regulatory requirements. The emissions target will allow a coal-fired plant to be as clean as a modern natural gas combined cycle plant.
Pump Industry Analyst
MHI RECEIVES ENEL ORDER Enel SpA has awarded Mitsubishi Heavy Industries Ltd (MHI) an order for three steam turbines on a turnkey basis. The turbines, each featuring an output of 680 MW, are part of a large-scale equipment replacement project at the Torrevaldaliga Nord power plant in Lazio. The replacement systems for power generation units No 2, 3 and 4 are scheduled to go into service progressively starting in May 2008. The Enel order marks MHI’s first delivery of steam turbines to Italy.
CHEMICALS BASF PLANS CHINESE COATINGS RM PLANT BASF is investing in a new US$30 million polyisocyanate plant in the Shanghai Chemical Industry Park in Caojing near Shanghai, China to supply the entire Asian market.
Construction of the 8000 metric tons per year plant is to begin in mid-2005. The facility is scheduled to go into operation at the end of 2006.
JACOBS TO BUILD PURIFIED ACID PLANT A Jacobs Engineering Group Inc subsidiary company has received a contract from a subsidiary of Potash Corp of Saskatchewan Inc for the expansion of its purified acid plant in Aurora, North Carolina. This project represents the fourth manufacturing train built by Jacobs at this site and will produce 90 000 tons per year of purified phosphoric acid. The contract covers basic and detailed engineering, procurement, modular fabrication, and construction.
PETROCHEMICALS EXXONMOBIL EXPANDS CAPACITY IN SINGAPORE ExxonMobil Chemical is expanding the capacity of its steam cracker in Singapore. The Singapore chemical plant, ExxonMobil Chemical’s single largest investment in the world, started up in 2001. This project will increase its ethylene capacity by 75 000 tons per year to more than 900 000 tons per year. Project completion is expected by 4Q 2006. “The economic growth in Asia Pacific has been robust, and the demand for petrochemical products closely mirrors this trend. This expansion will help position us to continue to meet the growing demand in this region,” said Lynne Lachenmyer, Asia Pacific manufacturing director, ExxonMobil Chemical Asia Pacific.
LNG TERMINAL CONTRACT GOES TO AK/IHI CONSORTIUM
FEASIBILITY STUDY FOR NIGERIAN LNG FACILITY
Sempra Energy has awarded the Aker Kvaerner and Ishikawajima-Harima Heavy Industries consortium (AK/IHI) a US$500 million contract for the engineering, procurement and construction of the Cameron LNG regasification terminal in Louisiana, USA. The project will run for three and a half years from the start of construction to operation start up in 2008. Engineering will take place primarily in Houston. The Cameron development is the first new onshore LNG terminal that has been granted a Federal Energy Regulatory Commission permit in the USA in over 20 years. The US$700 million facility, scheduled to begin commercial operation in 2008, will process 1.5 billion cubic feet of gas per day and is an important part of Sempra LNG’s strategy.
ChevronTexaco, the Nigeria National Petroleum Co (NNPC) and the BG Group plan to conduct a feasibility study on a potential liquefied natural gas (LNG) project in Nigeria. The study will consider available gas supply, marine /LNG loading concepts, available LNG technology options, LNG market options, project economics, and the social and environmental impact of the potential project. Any future decisions to move forward with Olokola LNG will depend on the results of the feasibility study.
CHENIERE AWARDS EPC WORK TO BECHTEL In a US$647 million agreement, Bechtel Corp is to undertake engineering, procurement and construction (EPC) work on Cheniere Energy Inc’s Sabine Pass liquefied natural gas (LNG) receiving, storage and regasification terminal in western Cameron Parish, Louisiana. Construction at the site is expected to begin during the first quarter of 2005, and the terminal is scheduled to be operational in early 2008. The terminal will consist of three 160 000 cubic metre storage tanks and two unloading docks capable of handling ships of up to 250 000 cubic metres.
OIL & GAS BP OUTLINES NORTH SEA SPENDING PLANS BP is to invest US$2 billion in its UK North Sea business in 2005. The company intends to spend US$780 million of capital on a range of projects and activities. In addition, US$1.2 billion will be invested in operating, supporting and maintaining its producing assets. BP’s total capital and operating investment in the UK North Sea over the next four years is expected to be over US$7 billion. An important element of the 2005 plan will be the operation of up to six mobile drilling rigs across the UK. BP will also start a platform drilling platform on up to six of its assets in the UK and Norway. BP’s programme includes development drilling for the Clair oilfield, west of Shetland, which is expected to come onstream in the next few weeks and development of the Rhum
3
MARKET PROSPECTS
commercial size demonstration plant for installation in Canada. The CCPC was created in 2000 to protect and enhance Canada’s vast coal and other carbon-based resource wealth. The CCPC represents power generators and coal suppliers of over 90% of Canada’s coalfired power generation. Their goal is to develop a demonstration project at commercial utility scale, which will allow all emissions, including CO2, to be controlled to meet all foreseeable new regulatory requirements. The emissions target will allow a coal-fired plant to be as clean as a modern natural gas combined cycle plant.
Pump Industry Analyst