Saturday January 14, 2006 | ${log.root}/lowem.log Inflation, Investing and Everything |
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business-times.asia1.com.sg : Shell is drawing ever closer to a final decision on its planned US$1 billion world-scale petrochemical cracker here. It said that it had awarded the basic design engineering package for the sole downstream, or secondary plant linked to the ethylene cracker. The deal went to Mitsubishi Chemical Engineering Corporation (MEC) and Foster Wheeler Energy Limited (FWEL). While the new cracker is slated to be sited next to its 500,000 barrel Bukom refinery, the proposed 750,000 tonne per annum (tpa) mono-ethylene glycol (MEG) downstream plant will be located on Jurong Island. MEG - for which there is growing Chinese demand - is an intermediate used to make products from polyester fibres to plastic water bottles and engine coolants. Both the new cracker and MEG plant are targeted to begin operations in 2009. Shell said that the MEG plant will use both its proprietary ethylene oxide technology, as well as Mitsubishi's glycol technology. Shell's latest Bukom cracker will be its third here. (2006-01-14 11:41:02 SGT)
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