ITP MEDIA GROUP / BUSINESS JUNE 2020 • VOL. 13, ISSUE 06 Downstream industry bodies and associations provide information to guide companies restart facilities, post Covid-19 shutdowns THE WAY AHEADNEWS 05 Check out all the major actions that took place regionally and globally OPINION 10 Ekaterina Kalinenko and Stefan Chapman of Euro Petroleum Consultants comment on the mix of energy sources of the future June 2020 VOLUME 13 / ISSUE 06 OPINION 18 Dr Abdulwahab Al- Sadoun ofGPCA comments on the negative impact of trade protectionism in the fight against Covid-19 COMMUNITY 22 Latest CSR actitivities of the downstream industry companies that impact the society PRODUCTS 26 Recently launched products, solutions, and technologies DOWNSTREAM TRENDS 28 An update on some of the major trends taking place in the downstream sector PROJECTS 29 A look at the latest investments and projects in the Middle East FIVE MINUTES WITH 34 Ali Maabereh, head of mergers and acquisitions at KPMG in Saudi Arabia REGULARS 12 Cover Story One of the many unforeseen consequences of the global Covid-19 pandemic is the potential impact on chemi- cal manufacturing facilities that have had to shut down operations for days, or even weeks, and then restart their manufacturing processes FEATURES 11 24 0907 27 21 20 Case Study ENOC’s on-demand fuel ser- vice, ENOC Link, extended support to Dubai Municipal- ity’s national disinfection drive to curb the Covid-19 outbreak by dedicating mobile fuelling trucks to provide free petrol and diesel fuel to all the vehicles and other equipment 22 03 Refi ning & Petrochemicals Middle East June 2020www.refi ningandpetrochemicalsme.com ContentsC ovid-19 pandemic continues its havoc on almost every sector of the industry all over the world. The devastation it created on the livelihood of people is too alarming. Unemployment is at an unbe- lievable level and migrant workers are one of the most negatively impacted groups in the catastrophe. All segments of the downstream industry are seriously aff ected, transporta- tion fuel sector being a typical example, as the world came to a complete lock- down. Recently, the ICIS Petrochemical Index plunged to a level last seen in November 2003 and is just below that in January 2009. However, healthcare sector fi ghting the pandemic and the segments providing essential supplies to the sector are working overtime in this global fl ight against coronavirus. Here, downstream industry plays a vital role in the supply chain. Even though Covid-19 came in as a shock to the political and industry leaders as well as common people, the resolve to fi ght it gained momen- tum very fast, and science, technology, human resources and political will are working in tandem around the world to mitigate its impact. Then came in the narration that Covid-19 is going to be there around us for a long time, and we all have to live with this new ‘normal’. Slowly, countries around the world started relaxing on the complete lockdown, even though it will take many more months, if not few years, to bring in complete removal of the lockdown. As a result, the manufacturing units around the world, which went into shutdown, are in preparation, looking at how the facilities could be restarted at the appropriate time, without any safety incidents. Downstream industry is highly complex with many unit operations, high temperatures and pressures, and a very large number of hazardous substances involved in operations. Restarting a downstream facility shutdown due to Covid-19 pandemic requires proper guidelines, to be on safer side completely. International Council of Chemical Associations (ICCA) has recently issued information to guide chemical companies restarting facilities post Covid-19 shutdowns. According to ICCA, one of the many unforeseen consequences of the global Covid-19 pandemic is the potential impact on chemical manufactur- ing facilities that have had to shut down operations for days, or even weeks, and then restart their manufacturing processes. Majority of chemical facility incidents occur during facility start-up, according to the US Chemical Safety Board. For example, in the United States, process safety incidents are fi ve times more likely to occur during start-up as compared to normal operations. ICCA developed a guidance document to address this scenario, ‘Be Smart, Safe Restart: Restarting Chemical Production Facilities Post Covid-19 Re- strictions’, in order to prompt owners and operators of chemical production facilities to consider how the unique circumstances created by Covid-19 may have impacted their ability to restart safely. According to ICCA, it is circulat- ing these guidelines to chemical manufacturing companies around the globe via their national chemical associations and is translating it into several lan- guages, including English, Spanish, French, German, Hindi, Mandarin, Thai, Malay and Korean. The most appropriate approach for downstream industry companies restarting the facilities, which are shutdown due to Covid-19, would be to do it as per the ICCA ‘Be Smart, Safe Restart’ guidelines. ‘Be Smart, Safe Restart’ Published by and © 2020 ITP MEDIA GROUP FZ-LLC. 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Stories in next month’s issue of Refi ning & Petrochemicals Middle East [1] Heat Transfer and Temperature Control Refi ning & Petrochemicals Middle East will release a Special Report on the latest trends in the heat transfer and temperature control industry [2] Process Equipment Refi ning & Petrochemicals Middle East will publish a report on the latest initiatives taken by the process equipment manufacturers [3] Specialty Chemicals RPME will have a review feature on the recent specialty chemicals for the downstream industry DOWNLOAD THE APP on your iPad, Andriod, or Kindle Martin Menachery Editor, Refining & Petrochemicals Middle East martin.menachery@itp.com 04 Refi ning & Petrochemicals Middle East June 2020www.refi ningandpetrochemicalsme.com Editor’s CommentSpeaking on ADNOC’s ‘Virtual Majlis’, ADNOC CEO notes the OPEC-plus plus agreement and voluntary cuts outside OPEC are having a positive impact For all the latest refining and petrochemical news from the Middle East, visit our website: www.refiningandpetrochemicalsme.com The UAE’s forward-looking guidance directing ADNOC’s 4-year transformation has increased the company’s resilience and agility, says ADNOC CEO Dr Sultan Ahmed Al Jaber, UAE minister of state and group CEO of ADNOC, says there are signs that oil markets have tightened in recent weeks and will rebalance over time. Speaking on ADNOC’s ‘Virtual Majlis’ with Helima Croft, managing director and global head of commodity strategy at RBC Capital Markets, Dr Al Jaber said the world is in unchartered territory and right now, no one is in a position to predict exactly what the global economic recovery will look like. While this outlook remains unpredictable, Dr Al Jaber highlighted reasons for cautious optimism in oil markets. “When it comes to oil, there are signs that the market has tightened in recent weeks. The OPEC-plus agreement, voluntary cuts Speaking on ADNOC’s ‘Virtual Majlis’ with Helima Croft, managing director and global head of commodity strategy at RBC Capital Markets, Dr Al Jaber said the world is in unchartered territory and right now, no one is in a position to predict exactly what the global economic recovery will look like. outside OPEC-plus plus, and production shut-ins are working together to start to re- balance the market. This will take time. As economies begin to open up, demand will fol- low, but the path to the next normal is not a straight line,” Dr Al Jaber said. Dr Al Jaber continued by highlighting how ADNOC is reaping the benefi ts of its trans- formation over the past four years as it navi- gates this period of uncertainty. “We are seeing the benefi ts of the steps we have taken on over the last four years. In fact, this crisis has highlighted just how forward- thinking our leadership’s guidance has been in directing this transformation. As a result, AD- NOC is now far stronger and better positioned to manage the current market dynamics.” “Through our transformation, we have fo- cused on what we can control and that is our costs. We have been laser-focused on being one of the lowest-cost producers in the world. And this has given us the fl exibility and the resilience that we need at times like these. In this environment, we are continuing to work even harder to preserve our resources, and maximise our profi tability,” Dr Al Jaber said. Dr Al Jaber stressed ADNOC continues to make the health and safety of its employees its top prior- ity as it proactively responds to the risks presented by the Covid-19 situation. He detailed how this ap- proach closely aligns with the wise measures put in place by the UAE leadership to ensure the health and safety of everyone living in the country while driving health diplomacy around the world. 05Update Refi ning & Petrochemicals Middle East June 2020www.refi ningandpetrochemicalsme.comTotal announced its ambition to get to net-zero emissions by 2050 together with society for its global business across its production and en- ergy products used by its customers. Through a joint statement developed be- tween Total S.A. and institutional investors – as participants in the global investor initiative Climate 100+1 – Total takes three major steps towards achieving this ambition. Three major steps to get Total to net zero: (i) net zero across Total’s worldwide operations by 2050, or sooner (scope 1+2); (ii) net zero across all its production and energy products used by its customers in Europe by 2050, or sooner (scope 1+2+3); and (iii) 60%, or more reduc- tion in the average carbon intensity of energy products used worldwide by Total customers by 2050 (less than 27.5 gCO2/MJ) - with in- termediate steps of 15% by 2030 and 35% by 2040 (scope 1 + 2 + 3). This ambition is supported by the strategy to develop Total as a broad-en- ergy company. Patrick Pouyanné, chair- man of the board, Total. The process technologies will be used in AGIC’s polyolefi n pro- duction assets in Jubail Industrial City, Kingdom of Saudi Arabia LyondellBasell’s Spheripol and Spherizone PP Technologies selected by Advanced Global Investment Company The facility includes a 400KTA polypropyl- ene plant using Lyon- dellBasell’s benchmark Spheripol technology as well as a 400KTA polypropylene plant using LyondellBasell’s leading Spherizone technology. (Image for illustration only) RISING FALLING Buoyed by restocking and a surge in demand due to changes in consumer buying habits driven by the Covid-19 pandemic, the US polyethylene demand through April 2020 increased 0.3% year-on-year Rompetrol’s polymer production rose 13 percent in first quarter of 2020 as low-density polyethylene operations of the company improved Petronas Chemicals reported a drop in Q1-2020 sales and earnings citing the Covid-19 pandemic. Profit after tax was down 39.4% to $113.2mn Linde announced Q1-2020 income from continuing operations up by 11 percent year-on-year at $573mn, on strong operating leverage from broad-based price increases and cost savings Ma’aden widened its net loss after tax more than twofold to $94.19mn for the first quarter of 2020, compared to $33.92mn in the same period last year Huntsman announced net income of $708mn in Q1-2020 compared with $131mn in Q1-2019, largely due to a gain on the sale of its chemical intermediates business to Indorama Sadara Chemical Company reported net loss after tax by 2% year-on-year to $340.27mn for the first quarter of 2020, compared to $334.4mn in the same period last year The IHS Markit Brent crude price outlook has been revised down to $35/bbl in 2020 and $44/bbl in 2021, with more downside in 2020 should the demand doldrums drag into the fall Total adopts a new climate ambition to get to net zero by 2050 EQUATE Group announced its Q1-2020 unau- dited earnings, reporting $250mn in EBITDA – a 15% decrease from $294mn in Q1-2019, and $729mn in revenue, an 18% decrease from $889mn in Q1-2019. Net income after tax stood at $97mn in Q1-2020, a 47% decrease from $183mn in the same period last year. EQUATE’s facilities around the world continued to operate safely despite sev- eral external challenges, notably the global Covid-19 pandemic and huge swings in oil prices. The average price of ethylene gly- col (EG) in Q1 was $473/MT compared to $625/MT in Q1-2019. Average prices of polyethylene (PE) in Q1-2020 were $828/ MT compared to $1,044/MT in Q1-2019. The significant headwinds on pricing were offset primarily by the volume increase from the new low-cost EG facility on the US Gulf Coast. EQUATE reports 47% lower net income in Q1-2020 compared to Q1-2019 Dr Ramesh Ramachandran, president and CEO of EQUATE Group. $97mn Net income of EQUATE after tax stood at $97mn in Q1-2020. LyondellBasell announced that Ad- vanced Global Investment Company (AGIC) has selected LyondellBasell’s leading polypropylene technology for a new world-scale facility. The process technologies will be used in AGIC’s polyolefi n production assets in Jubail Industrial City, Kingdom of Saudi Arabia. The facility includes a 400KTA polypropylene plant using LyondellBa- sell’s benchmark Spheripol technology as well as a 400KTA polypropylene plant using LyondellBasell’s leading Spheri- zone technology. “We are thrilled about AGIC’s deci- sion to use LyondellBasell’s polypro- pylene technology on this site. This clearly demonstrates the need of oper- ators to invest in benchmark process technologies to ensure polypropylene product leadership over the lifecycle of the facility,” said Jim Seward, se- nior vice president of research and development, technology and sus- tainability at LyondellBasell. Seward added: “The simplicity and robustness of the Spheripol process and the abil- ity to produce outstanding polymer grades on a benchmark cost basis with the Spherizone technology is highly appreciated by our customers.” The Spheripol technology is the lead- ing polypropylene process with more than 125 lines licensed over time. 06 Refi ning & Petrochemicals Middle East June 2020www.refi ningandpetrochemicalsme.com NewsTotal has signed an agreement with PureCycle Technologies to develop a strategic partnership in plastic recycling. As part of the agreement, Total undertakes to purchase part of the output of Pu- reCycle Technologies’ future facility in the United States and to assess the interest of developing a new plant together in Europe. PureCycle Technologies uses an innovative, pat- ented technology to separate colour, odour and any other contaminants from plastic waste feedstock to transform it into virgin-like recycled polypropyl- ene. The company, which will begin construction on its first plant in Ohio (USA) this year, will produce 48,000 tonnes of recycled polypropylene. “This partnership is an important new milestone for Total as it strengthens the group’s position in chemi- cal recycling. This first partnership in the United States opens new perspectives for addressing the challenge of the circular economy and achieving our ambition of producing 30% recycled polymers by 2030,” said Valérie Goff, senior vice president, polymers, at Total. Sinopec puts China’s largest petrochemical port into operation Air Products and Haldor Topsoe announced the signing of a global alliance agreement. The two companies will collaborate, using their extensive market network outreach for developing potential projects and the com- bination of their expertise on large-scale ammonia, methanol and/or dimethyl ether plants to be developed and built globally. The alliance agreement provides Air Products access to Topsoe’s technology licence(s) and the supply of certain engi- neering design, equipment, high-perfor- mance catalysts and technical services for ammonia, methanol and/or dimethyl ether plants to be built, owned and operated by Air Products. The collaboration allows for the integration of Topsoe’s technology into many Air Products’ technologies including gasifi cation of various feedstocks, and syn- thesis gas processes. “The global agreement with Haldor Topsoe is very important to Air Products The alliance agreement provides Air Products access to Topsoe’s tech- nology licence(s) and the supply of certain engineering design, equip- ment, high-performance catalysts and technical services Air Products, Topsoe ink global alliance agreement for partnership on large-scale ammonia, methanol, and dimethyl ether projects around the world Topsoe’s proprietary autothermal reforming technology (ATR) will be one of the technologies offered to Air Prod- ucts via the new alliance. NEWSMAKER Sinopec Corp has put China’s largest petro- chemical port into operation with the suc- cessful docking and unloading of the New Renown, Crude Oil Tanker (VLCC) from the Middle East. The tanker was welcomed at the new 300,000-tonnes crude oil ter- minal of Sinopec Zhongke Refinery Port, which forms part of the company’s indus- try-leading ‘front terminal, rear plant’ pro- duction model. Housed 1,100 metres from Sino- pec’s refinery plant, the petrochemical port features eight terminals includ- ing a 300,000-tonnes crude oil berth, 100,000-tonnes oil berth and supporting facilities — providing a total capacity of 34 million tonnes per year. To date, the 100,000-tonnes berth is the largest domes- tic refined oil terminal with a loading and unloading capacity of 5.61 million tonnes per year. The terminal provides convenient access to refined oil and chemical products for Sinopec’s core domestic market, while also offering direct opportunities for global exports and enhancing Sinopec’s competi- tiveness within the industry. Total, PureCycle Technologies collaborate on plastic recycling as we continue to expand our scope of sup- ply to customers in developing large-scale projects around the world. We have built a reputation for successfully executing megaprojects. Having this Alliance and access to Haldor Topsoe’s technology- leading capabilities will serve to strength- en both our offerings and customer con- fidence in the reliability and quality of project development and performance,” said Dr Samir J Serhan, executive vice president at Air Products. On 6 May 2020, BASF management and employee representatives at BASF SE signed a new site agreement. Entitled ‘Living the new BASF together!’, the agreement applies to the approximately 34,000 employees of BASF SE at the Ludwigshafen site. It will run for fi ve and a half years (from 1 June 2020 until 31 December 2025) and replaces the current site agreement, which would have expired at the end of 2020. (From left to right): Dr Uwe Liebelt, president European Site and Verbund Management and site manager for Ludwigshafen; Sinischa Horvat, chairman of the Works Council of BASF SE; Michael Heinz, member of the board of executive directors of BASF SE and site director for Ludwigshafen; and Rainer Nachtrab, chairman of the representative committee of the executive employees at BASF SE. 07 Refi ning & Petrochemicals Middle East June 2020www.refi ningandpetrochemicalsme.com News“Product prices remain chal- lenged with no improvement in the supply/ demand bal- ance for key products in Q1-2020 compared to the previ- ous quar- ter.” Yousef Al-Benyan, vice chairman and CEO, SABIC “At Sadara, you are the ‘big pic- ture’! It is the mainstay of all our efforts to transform the Sadara culture and make our organisa- tion the best workplace possible.” Dr Faisal Al-Faqeer, CEO, Sadara The ICIS Petrochemical Index (IPEX) plunged in April as the impact of the falling oil price and coronavirus-driven demand destruction slammed the sector. The global index stands at a level last seen in November 2003 and is just below that in January 2009. Each of the regional components of the global index fell sharply month-on-month as petrochemical and plastic prices fell across the board. The index charts the largely contract and average monthly price movements of a basket of the 12 major petrochemicals and plastics. Aromatics prices fell steeply and quickly in April as the falling value of naphtha worked its way through the re- gional markets. Petrochemicals prices are impacted by the drop in crude oil and the negative market sentiment of oversupply as coronavirus lockdowns across large areas of the globe hit downstream and end-use product demand. “While there are some bright spots of increased demand for certain chemicals and plastics important for the protection of human health, the overarching price trend for petrochemicals and plastics is down due NEWS IN QUOTES THE BIG PICTURE ICIS Petrochemical Index plunges to November 2003 level The ICIS Petrochemical Index provides a capacity-weighted measure of average change in petrochemical prices over time. largely to oversupply,” according to Nigel Davis, Insight Editor at ICIS. Some of the polymers have been least aff ected by the lockdowns although in terms of price, the drops for products such as poly- propylene in the US and polystyrene in Eu- rope were still in the 5%-6% range. “There were no price increases for products used to compile the IPEX in April,” added Davis. The ICIS petrochemical index tracks the movement of 12 major petrochemi- cals and polymers: ethylene, propylene, butadiene, benzene, toluene, para- xylene, polyethylene, polypropylene, styrene, polystyrene, methanol and polyvinyl chloride with the regional indexes weighted by capacity. Some of the polymers have been least affected by the lockdowns although in terms of price, the drops for products such as polypropylene in the US and polystyrene in Europe were still in the 5%-6% range. 5%-6% range “Owing to the very challeng- ing macroeconomic environ- ment, there is great uncertain- ty in the markets, making reli- able planning nearly impos- sible at the moment.” Dr Martin Brudermüller, chairman, board of executive di- rectors, BASF 08 Refi ning & Petrochemicals Middle East June 2020www.refi ningandpetrochemicalsme.com NewsJXTG Group has developed the ENB business since 1979 JXTG Nippon Oil & Energy Corporation to conduct feasibility study on ENB plant in Saudi Arabia JXTG Nippon Oil & Energy Corporation an- nounced that it will conduct the feasibility study of a new Ethylidene Norbornene (ENB) plant, to be built in Jubail, on Saudi Arabia’s eastern coast, as part of the petrochemical Amiral complex, announced by Saudi Aram- co and Total on 8 October 2018. ENB is an important component in the manufacture of Ethylene Propylene Diene Monomer (EPDM), an advanced heat and weather resistant synthetic rubber used pri- marily in the automotive and construction industries. Demand for ENB has been in- creasing strongly alongside the growth in the automotive production sector. JXTG Group is the world’s leading ENB producer with one production line in Japan and two pro- duction lines in the USA. The company pro- vides stable ENB supply for their worldwide customers through independent production locations and its network of terminals in the USA, Europe, and Asia. JXTG Group has de- veloped the ENB business since 1979 and has grown its production to an overall capacity of 68,000 tonnes per year in April 2020. JXTG Group will commence the feasibility study for the new ENB plant project in Saudi Arabia, which would make the kingdom a third production site along with Japan and the USA. The location in the Kingdom of Saudi Arabia, downstream of the world-scale mixed feed cracker of the Amiral petrochemical complex, which is being jointly developed by Saudi Aramco and Total will ensure the fu- ture ENB plant of the reliable supply of raw materials and energy. Fluor to provide PMC services for Advanced Global Investment Company’s PDH and polypropylene complex in Saudi Arabia Fluor Corporation announced that it was named project management consultant for Ad- vanced Global Investment Company’s (AGIC) new propane dehydrogenation, polypropylene and utilities and off sites complex in Jubail In- dustrial City, Saudi Arabia. Fluor will perform project management consultant services for the front-end engineering design, detailed engineering, procurement and construction phases of the project. Fluor booked its portion of the undis- closed contract value in the fi rst quarter of 2020. “Fluor has supported clients and safely executed projects in Saudi Arabia for more than 70 years,” said Mark Fields, group president of Fluor’s energy and chemicals business. “Our legacy of execution excellence continues with this most recent award from AGIC. We look for- ward to helping AGIC and the Kingdom of Saudi Arabia meet the world’s growing demand for polymers and support their eff orts to diversify its economy and also become one of the world’s leading global producers of polypropylene.” Once complete, the complex will manufac- ture 843,000 tonnes-per-year of propylene and 800,000 tonnes-per-year of polypro- pylene that will be used for the production of specialty polymers for the face masks, au- tomotive, pipes, food packaging and textiles industries. Fluor’s offi ces in Farnborough, United Kingdom, and Al Khobar, Saudi Ara- bia, will lead the project management con- sulting services with support provided by the company’s network of global experts. $6.8bn $108.92mn $85bn $1.76bn Borealis to discontinue $6.8bn world-scale polyethylene project in Kazakhstan ADNOC Distribution reports net profi t of $108.92mn in Q1-2020 Over $85bn of 2020 forecast expenditure erased from oil and gas sector IN NUMBERS SABIC posted a net loss of $253.33mn in the fi rst quarter of 2020, a decrease of 20% com- pared to net losses of $210.67mn posted in the previous quarter. Total sales during the fi rst quarter amounted to $8.22bn, a decrease of 18% compared to the same quarter of 2019, and a decrease of 6% against the previous quarter. The chemical sector is designated as critical infrastructure in many of the world’s largest economies and many of SABIC’s manufac- turing sites are excluded from governmental shutdown orders. They remain operational, operating under increased health and safety standards aligned with local government measures and guidelines issued by the World Health Organization. To date, SABIC has made donations to help the global response to the pandemic totalling over $45mn. SABIC posts net loss of $253.33mn in Q1-2020, suspends all capex In this fi le photo from 8 October 2018, Amin H Nasser (stand- ing, right), president and CEO of Saudi Aramco, and Patrick Pouyanné (standing, left), chairman and CEO of Total, witness the signing in Dhahran of the joint development agreement for the FEED of a giant petrochemical complex in Jubail, on Saudi Arabia’s eastern coast. SABIC annual general meeting approves $1.76bn in dividends in H2-2019 Mark Fields, group president of Fluor’s energy and chemicals business. 09 Refi ning & Petrochemicals Middle East June 2020www.refi ningandpetrochemicalsme.com NewsNext >