Weekly Ethylene Outlook

Key Market Updates:

● ExxonMobil Chemical shut down its 3,300 M Lbs/yr BOP-2x Ethylene cracker in Baytown, TX on September 12, 2022. Current expectations are to restart the unit by October 1, 2022.

● Chevron Phillips remains shut down at its 3,330 M Lbs/yr 1594 Ethylene unit in Cedar Bayou (Baytown), TX. The unit was shut down on September 4, 2022. Current expectations are to attempt restart of the unit by the end of this week.

● Eastman Chemical began a T/A at its 300 M Lbs/yr HCC 3 Ethylene unit in Longview, TX on September 19, 2022. Expectations are to restart the unit in mid-October.

● Formosa Plastics remains shut down at its 1,650 M Lbs/yr Olefins 1 Ethylene unit in Point Comfort, TX. The unit was shut down on August 2, 2022 due to economics within the plastics market. Current expectations are to potentially restart the unit in late October. The restart timeline will be dependent on market conditions.

Key Market Updates:

● Pampa Energia completed a last minute 10-day outage at its 68 M Lbs/yr Ethylene unit at the Puerto General San Martin Petrochemicals plant in Argentina. Pampa Energia decided to halt production and perform maintenance work to hold the unit until its 2023 planned T/A.

● Dow Quimica Argentina continues its major T/A at its 547 M Lbs/yr Ethylene Cracker 1 and 1,433 M Lbs/yr EPE units in Bahia Blanca, Argentina. The T/A began on July 4, 2022 and current expectations are to restart the units on September 30, 2022.

Key Market Updates:

Petkim Petrokimya Holding A S began a 30-day T/A at the 1,146 M Lbs/yr Ethylene unit in Aliaga, Turkey. Expectations are to restart the unit on October 3, 2022.

● Versalis Germany GmbH continues a 60-day T/A at its 331 M Lbs/yr LDPE 1 unit in Oberhausen, Germany. The T/A began on August 22, 2022 with expectations to resume operations on October 20, 2022.

● SABIC Polyolefine GmbH is on schedule to perform a 14-day T/A at its 353 M Lbs/yr PE 1 unit in Gelsenkirchen, Germany on November 3, 2022. Expectations are to resume operations on November 16, 2022.

Key Market Updates:

● Oriental Energy (Ningbo) New Material began a T/A on the 1,455 M Lbs/yr PDH 1 unit in Ningbo, China on August 28, 2022. Expectations are to restart the unit by September 30, 2022.

● ENEOS Corporation delayed the restart of the 1,190 M Lbs/yr Ethylene unit in Kawasaki, Japan due to needed additional repairs in the unit. The unit was originally scheduled to restart on September 10, 2022 however now, expectations are to complete repairs and restart the unit by October 1, 2022.

● Zhejiang Petrochemical began a 72-day T/A at its 1,322 M Lbs/yr PDH unit in Zhoushan, China on August 10, 2022. Expectations are to restart the unit by October 20, 2022.

● Korea Petrochemical Industry Company Limited began a 48-day T/A at the 1,764 M Lbs/yr Ethylene unit in Onsan, South Korea on September 16, 2022. Expectations are to restart the unit by November 2, 2022. A revamp project aimed at increasing the unit capacity up to 1,984 M Lbs/yr is expected to be completed during the T/A.

Key Market Updates:

● Saudi Polymers Company is on schedule to perform a 58-day T/A at its 1,213 M Lbs/yr HDPE/LLDPE Swing II and 882 M Lbs/yr PP units in Jubail, Saudi Arabia on October 1, 2022. Expectations are to resume operations on November 27, 2022.

● Bakhtar Petrochemical Company is on schedule to perform a 15-day T/A at its 2,205 M Lbs/yr Ethylene 2 unit in Bandar Asaluyeh, Iran on March 5, 2023. Expectations are to resume operations on March 19, 2023.

● Abu Dhabi Polymers Company Limited (Borouge) is on schedule to perform a 30-day T/A at its 3,086 M Lbs/yr Ethylene unit in Ruwais, UAE on March 13, 2023. Expectations are to resume operations on April 11, 2023.

● Reliance Industries Limited is on schedule to perform a 30-day T/A at its 2,072 M Lbs/yr Ethylene, 661 M Lbs/yr PE 1, and 992 M Lbs/yr PP units in Hazira, India on March 17, 2023. Expectations are to resume operations on April 15, 2023.