Page 21 - Plastics News May 2019

COMPANY NEWS

ONGC places India on world map ExxonMobil plans $2 billion
of Heavy Oil Polymer Flooding expansion in Texas

LJQLÀFDQW RLO UHFRYHU\ KDV EHHQ REWDLQHG E\ D SLORW xxon Mobil Corporation announced that it will
SLQ 21*& %HFKDUML KHDY\ RLO ÀHOG LQ 1RUWK *XMDUDW Eproceed with a $2 billion expansion project at its
ZKLFK ZDV ÀUVW SXW RQ SURGXFWLRQ LQ -XO\ 21*& chemical plant in Baytown, Texas ExxonMobil plans
LV JRLQJ WR FRPPHUFLDOL]H WKLV RQ D ÀHOG VFDOH 2QO\ D capacity expansions for elastomers and specialty
few countries worldwide employ this heavy oil polymer ROHÀQV $FFRUGLQJ WR WKH VXSHUPDMRU WKH SURMHFW LV DQ
ÁRRGLQJ OLNH 0DUPXO 1LPU RI 2PDQ 3HOLFDQ /DNH RI add-on to its $20-billion-plus “Growing the Gulf” series
&DQDGD 7DPEDUHGMR ÀHOG RI 6XULQDPH %HQWOH\ RIIVKRUH of projects to build and expand manufacturing facilities
UK, etc. ONGC takes a lot of pride in accomplishing along the U.S. Gulf Coast.“Our Baytown chemical
expansion will put us in a solid position to maximize
the value of increased Permian Basin production and
will deliver higher-demand, higher-value products
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new, approximately 400,000-ton-per-year Vistamaxx
performance polymer unit, ExxonMobil stated. The
company added that expansion – slated to start up in
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this marvelous milestone with the combined efforts of a production capacity of roughly 350,000 tons per
LWV GLOLJHQW ZRUN IRUFH 7KH %HFKUDML KHDY\ RLO ÀHOG RI year. “Global demand for chemicals is expected to be
Mehsana Asset was discovered in September in the year greater than energy demand growth and GDP growth
1987 and put on commercial production in July 1988. As RYHU WKH QH[W \HDUV µ VDLG :RRGV 7KURXJK *URZLQJ
per the data on 1 April 2018, the proved OIIP and ultimate the Gulf, ExxonMobil last year began production at
UHVHUYH RI WKH ÀHOG DUH 00W DQG 00W RI its new ethane cracker at Baytown. The 1.5-million-
OIIP) respectively. The viscosity of crude oil is around 270 ton-per-year cracker provides ethylene feedstock to
cP at the reservoir conditions and oil API gravity is 15.6o. the company’s nearby Mont Belvieu plastics plant. In
The viscous nature of oil causes adverse mobility ratio its announcement, ExxonMobil stated that the latest
and results in early water breakthrough due to viscous
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in the early phases of production. As on 1 April 2018, the
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necessitated application of enhanced oil recovery (EOR)
techniques to increase recovery. In view of the limited
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Ahmedabad. The Laboratory studies and Simulation studies
VKRZHG HQFRXUDJLQJ UHVXOWV DQG VLJQLÀFDQW LPSURYHPHQW LQ Baytown project should create approximately 2,000
RLO UHFRYHU\ ZLWK 3RO\PHU ÁRRGLQJ 7KH SULPDU\ REMHFWLYH construction jobs. Today, the ExxonMobil Baytown
RI WKLV SURMHFW LV WR WHVW WKH HIÀFDF\ RI 3RO\PHU ÁRRGLQJ Complex is one of the largest integrated and most
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ÀHOG VFDOH DQG JDLQ RSHUDWLRQDO LQVLJKW complexes in the world.

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