Grupa Azoty reduces production in March and April after difficult first quarter in 2023 - Issue 391 || PKN Orlen-petrochemical production Jan-Apr 2023 - Issue 391 || Central European styrene trade Jan-Apr 2023 - Issue 391 || Polish polyethylene production & trade Jan-Apr 2023 - Issue 391 || Polish polypropylene production & trade Jan-Apr 2023 - Issue 391 || Polish synthetic rubber trade, Jan-Apr 2023 - Issue 391 || Central European MDI trade Jan-Apr 2023 - Issue 391 || Central European methanol trade Jan-Apr 2023 - Issue 391 || Russian chemical industry-new terminals required to serve Chinese market - Issue 391 || Russian butadiene production Jan-Apr 2023 - Issue 391 || Russian plastics and polyethylene production Jan-Apr 2023 - Issue 391 || Russian polyethylene trade Jan-Apr 2023 - Issue 391 || PTA deliveries from China to Kaliningrad - Issue 391 || Russian methanol production Jan-Apr 2023 - Issue 391 || Russian methanol exports, Jan-Apr 2023 - Issue 391 || Methanol plant at Volgograd signs agreement with Chinese company - Issue 391 || Russian polyurethane raw materials 2023 - Issue 391 || Uzbek methanol island-Air Products - Issue 391 || Russian Methanol Production, exports and domestic sales 2023 - Issue 392 || Polish petrochemical production Jan-May 2023 - Issue 392 || Olefin 111 project outline - Issue 392 || Polimex Mostostal and Naftoremont-Naftobudowa-Olefin 111 project - Issue 392 || Hungarian propylene exports Jan-Apr 2023 - Issue 392 || Central European styrene trade Jan-May 2023 - Issue 392 || Czech petrochemical trade, Jan-May 2023 - Issue 392 || Polish rubber trade Jan-May 2023 - Issue 392 || Hungarian TDI-MDI exports Jan-Feb 2023 - Issue 392 || Russian propylene exports & sales Jan-May 2023 - Issue 392 || KPI polypropylene outage & exports - Issue 392 || Russian methanol producer operational balances 2023 - Issue 396 || Russian Methanol Exports October 2023 - Issue 396 || Polish Polyol Exports 2022-2023 - Issue 396 || Polish Polyol Imports 2022-2023 - Issue 396 || Central European isocyanate trade Jan-Sep 2023 - Issue 396 || Czech polyol imports Jan-Sep 2023 - Issue 396 || Polish polyol trade Jan-Sep 2023 - Issue 396 || Isocyanate/polyol imports from China into Russia - Issue 396 ||
 


PKN Orlen & MOL

PKN Orlen Q4 & 2017

PKN Orlen’s fourth-quarter net profit in 2017 fell by 11% to Kc 1.59 billion ($477.42 million) as higher oil prices affected refining margins.  For the whole of 2017 the Orlen Group generated an EBITDA result of zl 10.4 billion, including a record result from the retail division over zl 2 billion.  The group refined 33.2 million tons in 2017 from its refineries in Poland, the Czech Republic and Lithuania, against 30.3 million tons in 2016.

In Orlen’s petrochemical division, monomer production increased from 680,000 tons in 2016 to 877,000 tons in 2017 whilst polymer production rose from 283,000 tons to 543,000 tons.  Increases were attributed largely to the restart of the Litvinov cracker after more of a year’s absence between August 2015 and October 2016.

In the PTA sector production at Wloclawek was down in the fourth quarter due to force majeure, with volumes dropping to 104,000 tons against 159,000 tons in the third quarter.  PTA production for Orlen fell from 601,000 tons in 2016 to 519,000 tons in 2017.  As a result of lower production total sales of PTA fell from 605,000 tons to 523,000 tons.  More than 60% of Orlen’s PTA sales are exported, the largest destination of which is Germany followed by smaller quantities to Belarus.

Investment outlays in the Orlen Group totalled zl 4.6 billion in 2017 of which zl 2.9 billion was allocated to the downstream segment (refinery, petrochemicals) and energy), and 0.8 billion zlotys for the upstream.  In 2018, investment outlays in the Orlen group are to amount to zl 4.8 billion, with zl 3 billion in the downstream segment, and zl 0.8 billion in the upstream segment.  Major petrochemical projects for the Orlen Group include the PE3 unit at Litvinov and the metathesis propylene plant at Plock. 

MOL-Chevron Lummus-strategy for petrochemicals

Chevron Lummus Global has been selected by MOL to undertake a Master Plan Study to assist in its long-term strategy to gradually increase the share of non-motor fuel products to above 50% by 2030.  This will be achieved through carefully selected investment projects primarily focused on the petrochemical and chemical value chains.  MOL is currently constructing a synthetic rubber plant and is working on plans for new projects for propylene oxide and polyols.  Chevron Lummus Global previously completed projects at MOL’s Danube refinery, in addition to refineries at Rijeka in Croatia and Bratislava in Slovakia. 



Summary archives from Last year :


Latest News from 2023
Jan Feb Mar Apr
May Jun Jul Aug
Sep Oct Nov Dec




 
New User? Sign up Here  |  Log in  
Latest News from 2024
Jan Feb Mar Apr
May Jun Jul Aug
Sep Oct Nov Dec
 
Chemical Links
Paraxylene
Methanol
Ethylene
Butyl Rubber
Metafrax
Butanols
Isoprene
MDI
SIBUR
Kazanorgsintez
ZapSibNeftekhim
Propylene
Gazprom neftekhim Salavat
Benzene
Synthetic Rubber
TDI
Niznekamskneftekhim
PTA
 
FORTHCOMING EVENTS
Video
Russian Methanol Market 1st half of 2020
Youtube
Russian Methanol Projects Update Q4 2020
Shchekino
Shchekinoazot starts third methanol plant
www.cirec.net
CIREC Monthly News November 2022
UK
Under Sanctions Russian chemical production and trade


Home | Subscription | Monthly News | Search Engine | Statistical Database
About Us | Contact Us
Chemical Industry Consulting for the CIS & Central-East Europe
Copyright 2000-2024 Cirec.net, All Rights Reserved