10
December
2014
HYDROCARBON
ENGINEERING
w rldnews
Honeywell |
SUPPORTING EMISSIONS GOALS
H
oneywell released a statement in
support of President Obama and
President Xi's environmental
commitments and emissions reduction
goals which read:
'We applaud the environmental
commitments that President Obama
and President Xi announced today.
Governments need to take meaningful
steps to reduce and prevent
environmental degredation to our air
and communities. That is what
President Obama and President Xi did
today. Honeywell is ready to support
the broad adoption of the goals that
the leaders of the world's biggest
economies outlined today. Sustainable
development, that includes clean air
and communities, is a key building
block to stronger economies around
the world over the long term.
Establishing emissions reduction
commitments, like the ones highlighted
by President Obama and President Xi
today, are critical to the success of
healthier global environments. The
leadership demonstrated by both the
US and China in outlining specific goals
is an important step in the right
direction and we applaud both
countries for their positive
commitments.
'Technologies exist today that will
help companies and government make
tremendous strides immediately.
Honeywell will do our part to provide
the products and technologies and to
reduce even further our own emissions.
We should all stand ready to use
existing technologies, while also
continuing to innovate for a brighter
future.
BMI |
BRAZIL'S PETROCHEMICAL SECTOR
B
usiness Monitor International (BMI)
has said that the Brazilian chemicals
industry is continuing to lose
competitiveness due to the fact that it
is dependent on high cost feedstocks
as well as the effects of water
shortages and black outs. In the first
half of this year, BMI has said that
Brazil's petrochemicals industry
reported negative performance in all
polymer segments. Domestic
production of thermoplastic resins
dropped and the capacity utilisation
rate decreased by 3% compared to the
same time last year. In the year to June
2014, BMI said production fell 2% due
to a 5.5% fall in exports and a 7.5%
increase in imports.
The company has forecast that in
the medium term, the focus of the
sector will be on the planned
capacities for the Comperji facility
which is expected to begin operations
in 2018. Once work is complete the
plant will have the capacity for
1.2 million tpy of ethylene and
880 000 tpy of propylene feeding units
with capacities of 800 000 tpy of
polyethylene and 850 000 tpy of
polypropylene. Also, it has been
reported by BMI, that the complex will
have capacities of 700 000 tpy of
paraxylene, 160 000 tpy of butadiene,
500 000 tpy of styrene, 600 000 tpy of
ethylene glycol, 500 000 tpy of purified
terephthalic acid and 600 000 tpy of
polyethylene terephthalate.
When it comes to the wider
economy BMI has also reported that it
expects further depreciation due to a
still weak balance of payments
dynamics and a poor growth outlook.
However, BMI has said that the rate of
depreciation may not be sufficient to
improve the competitiveness of the
country's petrochemicals sector.
15 - 18 February
Middle East Turbomachinery Symposium
Sheraton Doha Resort & Conference Hotel
Doha, Qatar
Tel: +1 979845 7417
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Madinat Jumeirah
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NCED Conference Center and Hotel
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Tel: +1 405 325 3891
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AFPM Annual Meeting
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