Page 15 - DMEA Week 04 2023

DMEA NEWS IN BRIEF DMEA

FUELS resin (SPVC) plant in March, according to yarn, polyester-based polymers, specialty
the company’s managing director, as cited by polymers and intermediates.
Puma expands diesel NIPNA. stake in Sasa to Erdemoglu Holding, which
In 2015, Sabanci Holding divested its
Iran currently has a relatively small-sized
storage capacity in PVC production capacity, found across its increased its stake in the company to 85%.
southern regions, but it has never been fully
BNE
Zimbabwe utilised and product is mainly sold on the
domestic market.
Swiss oil company Puma Energy (Puma) “The new plant, scheduled to become PIPELINES
has built a 1mn-litre diesel storage facility in operational in 2024, will help add 300,000
Bulawayo, Zimbabwe’s second-largest city, to tonnes of PVC to Iran’s current production Egypt targets pipeline
serve the southwestern parts of the country. capacity of 700,000 tonnes per year,” the
Company managing director Daniel managing director, Mohammad Reza Karimi, upgrade to become regional
Duffau told state-owned daily The Herald that noted.
with the new complex, the target market will “The factory’s domestic sales of SPVC and hub
enjoy more reliable fuel supplies. EPVC [PVC emulsions] increased by 21%
“Supply to the facility is through rail and and 10%, respectively, during the first nine Egypt’s national project to upgrade and
can be replenished in 24 hours hence we will months of the current Iranian year [March expand the natural gas pipeline network has
not run dry in the southern region,” the daily 21-December 21],” he added. on the one hand increased the number of
cited him saying on January 23. Arvand’s net profit in 2023 will grow households being supplied with natural gas,
Zimbabwe has a long history of fuel by 15% y/y, if company forecasting proves especially in previously underserved Upper
shortages, but supplies have been broadly correct. Egypt, and on the other hand contributed
stabilising since 2018. BNE to reducing annual butane gas consumption
Duffau said the retailer is setting up seven from 4.2mn tonnes to 3.6mn tonnes,
more filling stations in southern Zimbabwe to Turkey’s Sasa gets licence Petroleum Minister Tarek El Molla reportedly
the 79 it already runs nationwide, including at announced at a news conference.
four local airports. for propylene plant The minister highlighted the importance
Puma, owned by Singapore-headquartered of upgrading and developing the nation’s
global commodity giant Trafigura, entered Sasa has announced a licensing agreement petroleum pipelines as well as raising their
Zimbabwe in November 2013 after acquiring central to its investment project for efficiency as one of the important means to
60% of Redan Petroleum. the construction of a $1.5bn propylene transport crude oil and petroleum products
BNE production (PDH) plant in the Yumurtalik throughout the country in support of
district of Turkey’s Adana province. achieving Egypt’s target to be a regional hub
Licensing, technical service and warranty for trading oil and gas.
PETROCHEMICALS agreements have been signed by Sasa and El Molla stressed the importance of
Honeywell UOP, the company said in a filing continuing to develop all oil and gas
Iran’s annual PVC output with Borsa Istanbul. production fields to maximise output,
The Yumurtailik plant with a capacity of
raise safety and industrial security,
set to reach 1mn tonnes 1mn tonnes/year is to be completed in the first protect the environment, keep pace with
technological development and expand digital
half of 2026 if all goes to plan.
Arvand, an Iranian petrochemical company The facility is expected to contribute some transformation projects across all petroleum
located in Mahshahr, Khuzestan Province, $1.2bn to Sasa’s turnover. activities.
is expected to start construction work on a Sasa is one of the world’s leading BNE
300,000-tonne/year polyvinyl chloride slurry manufacturers of polyester, fibre, filament

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