SABIC Olefins 6

Airsumaces1968 said:
That might be true but sabic take 70% of the energy from Sembcorp so the site could become unsustainable if sabic doesn’t restart because Sembcorps operating assets rely on sabics offtake off take o many services
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Looks like SembCorp has survived the last five years without Olefines 6 taking any steam, electricity or utilities?
 
ThePrisoner said:
Looks like SembCorp has survived the last five years without Olefines 6 taking any steam, electricity or utilities?
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Sabic are paying for use of system I would expect (right to use it asap) and water, steam (use of system charges) etc etc...paying into the sembcorp system 'as it were' and if they were to not pay into that collective system then all other companies have to pay more if sabic pull out and those same services - they have to be absorbed by other companies. That would be almost impossible to impose. Be interesting to see how Sembcorp figure that out....
 
Craggyjohn said:
Decision day next week. See if Sabic Teesside get the money to finish the project off or close it. Its dropping to bits having been offline for 5 years
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Any update on this fella?
We've just had equipment we provide offhired by SABIC which doesn't bode well.
 
JV06 cracker is on indefinite hold all project teams are getting shipped out today .May get up rated but not in the near future. Possibility to bring feedstock for LDPE from USA and store on NorthTees Site according to mate who works there.
 
This from the Daily Telegraph. Its not good reading I am afraid.

Very high electricity prices in this country are killing the chemicals industry and will have soon killed it completely. They have been very high for a long time - its criminal really.

Its doesn't seem to interest 99% of the media in London so gets little publicity till its too late. Surely having a working cracker is very important to our long term security, much more so than giving pensioners £400 to pay their energy bills or paying people to eat more processed food (as the last Government did). If we lose these industrial jobs people will turn more and more to the "snake oil salesman" parties with their politics of hate.



ttps://www.msn.com/en-gb/money/other/major-british-chemical-plant-faces-closure-as-energy-prices-soar/ar-AA1EsC0P?ocid=msedgntp&pc=HCTS&cvid=bec47d42520640f7bdee644750e89fc1&ei=6
 
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Redwurzel said:
This from the Daily Telegraph. Its not good reading I am afraid.

Very high electricity prices in this country are killing the chemicals industry and will have soon killed it completely. They have been very high for a long time - its criminal really.

Its doesn't seem to interest 99% of the media in London so gets little publicity till its too late. Surely having a working cracker is very important to our long term security, much more so than giving pensioners £400 to pay their energy bills or paying people to eat more processed food (as the last Government did). If we lose these industrial jobs people will turn more and more to the "snake oil salesman" parties with their politics of hate.



ttps://www.msn.com/en-gb/money/other/major-british-chemical-plant-faces-closure-as-energy-prices-soar/ar-AA1EsC0P?ocid=msedgntp&pc=HCTS&cvid=bec47d42520640f7bdee644750e89fc1&ei=6
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It was gas prices that killed Mitsubishi at Cassel
Impossible to compete when the gas prices rose so high and their usage is so much
 
The area used to be booming with industry, supporting plenty of well paid jobs. So much of it has gone or is in the process of going.
I don’t envy the kids starting out and looking for apprenticeships these days as it appears they may have a lot less choice than we did.
 
Norton_Nomad said:
If we had just done what the Norwegians did with their oil and gas the windfall tax would never have been needed. It’s borderline criminal negligence how the big corporations have been allowed to pillage those resources and pay next to nothing for it.
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78% tax on North Sea oil and gas production.
 
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