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World Chemical News, June 2020, by chemwinfo

World Chemical News,  June 2020, by chemwinfo

World Chemical News,  June 2020, by chemwinfo

29 June 2020


bp agrees to sell its petrochemicals business to INEOS

• $5 billion deal for bp’s global aromatics, acetyls
  and related businesses

• Next strategic step in focusing portfolio
  as part of reinventing bp

• Further strengthens bp’s finances,
  delivers $15 billion divestment target a year early


bp’s aromatics business is a global leader

in the production of purified terephthalic acid (PTA),

a key feedstock for the manufacture of polyester plastics,

and its precursor paraxylene (PX).


The business’s largest manufacturing plants are

in China, the US and Belgium

and it licenses its leading PTA production technology

to producers around the world.

 

The acetyls business produces

acetic acid and derivatives

such as acetic anhydride

which have uses in a wide range of sectors.


It has a diverse base with manufacturing plants

in the US, the UK, China, Korea, Taiwan and Malaysia.


The sale will also include related interests such as

the chemical recycling technology bp Infinia

and bp’s interest in acetylated wood developer Tricoya.


Read more

19 June 2020

Solvay starts up new Hydrogen Peroxide

dilution and packing plant in Vietnam.


Solvay Peroxides Vietnam started production

at its new Hydrogen Peroxide

dilution and packing plant

at Phuc Long Industrial Zone

in Long An Province, Vietnam.


This facility is designed

to reach 24k ton capacity per year

to meet growing local demand

for international standard quality Hydrogen Peroxide

for the textile industry and other applications.


Being the first industrial facility based in Vietnam

of the Solvay group, this plant was built

and made operational in full alignment

with the group’s

Health Safety & environmental standards.


High quality Hydrogen Peroxides are supplied by

Solvay Peroxythai,

our world largest plant in Thailand

and diluted and packed

to customer requirements locally..

Read more


19 June 2020

Altura Mining Limited (ASX: AJM) (“Altura”)

is pleased to advise that it has secured

both a contract for 2020 and

a multi-year Binding Offtake Agreement (BOA) with

Hunan Yongshan Lithium Co., Ltd,

a subsidiary of Ningbo Shanshan Co., Ltd

(“Shanshan”), a global leader in the production

and sales of anode and cathode material

to the lithium battery market..

Read more


Key Offtake Terms

 Separate contract for 2020 to provide 44,000 dmt

   of 6% grade spodumene concentrate (SC6)

   product in line with market price.


 5-year offtake agreement (from 2021 to 2025)

   with take or pay provisions

   commencing from January 2022.


 Contract years 2 – 5 (2022 to 2025)

   have a confirmed minimum

   annual quantity of 60,000 dmt.


 Pricing under BOA is on a US$CIF basis

   linked to Altura production costs

   via a pricing formula which is also adjusted

   for spodumene concentrate quality,

   with additional product supplied

   to be sold at a market price

   agreed between parties.


 BOA includes an option for the sale of

   any other Stage 1 production

   that becomes available for a maximum

   of 30,000 dmt in 2021 and 60,000 dmt per annum

   between 2022 and 2025.


 BOA includes a further option

   for the supply of any product outside

   the Stage 1 production of up to 30,000 dmt

   per annum (and subject to a maximum

   total of 100,000 dmt over the term of the BOA).


18 June 2020

Evonik wants to make green hydrogen more affordable

• Innovative membranes for water electrolysis

• Polymer chemistry is the key

   to anion exchange membrane

• EU research project on

   cost-efficient hydrogen production


Read more



18 June 2020


Kurt Bock elected as

new chairman of the Supervisory Board of BASF SE


Successor to Jürgen Hambrecht,

who is leaving the Supervisory Board as planned

Read more


Congratulations to Mr. Kurt Bock for being elected

as new Chairman of the Supervisory Board of BASF SE

www.chemwinfo.com 

Mr.Phicai Ek

19/6/2020



17 June 2020

Dow sets targets to reduce GHG emissions,

stop plastic waste,

and drive toward a circular economy


Company to achieve

carbon neutrality by 2050

One million metric tons of plastic

to be collected, reused or recycled by 2030


100% of Dow products sold into

packaging applications

to be reusable or recyclable by 2035

Read more


16 June 2020

LyondellBasell today announced that

Indian Oil Corporation Ltd. (IOCL) will use

the LyondellBasell Spheripol process technology 

for a 450 KTA polypropylene plant

to be built in Panipat, Haryana State, India


Indian Oil is already operating polypropylene plants

with a total capacity of 1300 KTA

at its Panipat and Paradip sites in India

which are also based on LyondellBasell’s proprietary 

Spheripol technology.


LyondellBasell's Hostalen technology

is additionally employed by IOCL

to produce 300 KTA of HDPE product.


Indian Oil is aiming to almost

double

the polypropylene production capacity

in the next five years and

is the largest commercial enterprise of India,

having the largest refining capacity and

having the second largest share

of Indian Petrochemical market..

Read more





15 June 2020

BASF’s battery materials plants in Europe advance

as planned


in Harjavalta, Finland

Construction started on precursor plant 


in Schwarzheide, Germany

Secured building permit

for cathode active materials plant


The new battery materials plants are part of

BASF’s goal to be the leading global supplier

of high energy density CAM

for the automotive industry.


The initial capacities will enable

the supply of around 400,000 full electric vehicles

per year with BASF battery materials..



BASF Battery Materials and

BASF’s commitment to e-mobility,

visit website


Read more


10 June 2020

Petrofac to support leading

UK CCS and hydrogen project


Petrofac’s Engineering and Production Services (EPS)

business announces today it has been

awarded an Engineering and Project Management

Office support contract for the Acorn project.


EPS will provide Project Management systems

and technical support during

the Front End Engineering Design

for Acorn Carbon Capture and Storage (CCS),

and the Concept Select for Acorn Hydrogen,


both part of the exciting developments planned

at the St Fergus gas terminal

near Peterhead, Aberdeenshire..

Read more



10 June 2020

Gazprom reduces greenhouse gas emissions in 2019


Savings of energy sources achieved in parallel

with growth in gas production.


Greenhouse gas emissions reduced by

3.52 million tons of СО2 equivalent in 2019..

Read more



5 June 2020

Hengli Petrochemical announces successful

performance demonstration on

its 4th PTA line utilising

INVISTA’s P8 PTA Technology 


Hengli’s 4 PTA line

of 2.5 million tonnes per annum capacity,

located in Changxing Island, Dalian City,

Liaoning Province, utilising

INVISTA’s P8 PTA technology with industry

leading variable cost, capital productivity

and environmental performance,

came online on January 8 , 2020.


This PTA line also produces

benzoic acid as co-product,

utilising INVISTA’s proprietary R2R technology.


Hengli’s 4 PTA line was executed

in record time of 22 months

from engineering kick-off meeting to start-up.

Both parties demonstrated extraordinary commitment

under the difcult circumstances.

INVISTA’s commissioning team provided Hengli

with onsite and remote technical support

to optimise the plant performance in quick time..

Read more


3 June 2020


Arkema announces an innovative partnership

in the United States for the supply of

anhydrous hydrogen fluoride,

the main raw material

for fluoropolymers and fluorogases.


Arkema announces an innovative a

nd long-term partnership with

Nutrien Ltd,

the largest integrated agricultural company in the world,

for the supply of anhydrous hydrogen fluoride

to Arkema’s Calvert City (KY) site.


This project has many advantages as it secures

a competitive access to anhydrous hydrogen fluoride,

the main raw material for fluorine chemistry,

it supports the growth of fluoropolymers

in the attractive segments of water treatment,

electronics and batteries, and it offers

greater environmental protection

than more traditional production processes..

Read more




2 June 2020

Roeland Baan joins Haldor Topsoe as new CEO


Today is the first workday

for the company’s new top manager


Roeland Baan joins Topsoe from a position

as CEO of Outokumpu.,

a global stainless steel company

listed on the Finnish stock exchange..

Read more


Congratulations to Mr. Ronald Baan

for being appointed as CEO of Haldor Topsoe.

www.chemwinfo.com

By Mr.Phichai Ek

2 June 2020


2 June 2020

BASF kicked off the piling work of the first plants

of its smart Verbund project

in Zhanjiang, Guangdong, China.


This came as another important milestone

in the development of the company’s US$10 billion

investment project since its official commencement

in November 2019.


The first plants will produce

engineering plastics and thermoplastic polyurethane (TPU)

to serve the increasing needs of various growth industries

in the southern China market and throughout Asia..

Read more


2 June 2020


Arkema finalizes the divestment

of its Functional Polyolefins business


The sale of Arkema’s Functional Polyolefins business

to SK Global Chemical was finalized on June 1st

and is fully in line with the strategy

to refocus the Group’s activities

on Specialty Materials.


With sales of around €250 million,

the Functional Polyolefins business,

which is part of the PMMA activity,

comprises ethylene copolymers and terpolymers

for the food packaging, cable, electronics

and coatings markets.


This business employs around one hundred people

in France and has an international sales network

of around thirty people who will now be joining

SK Global Chemical,

a subsidiary of South-Korean group SK.

Read more

1 June 2020


Celanese Signs Technology Licensing Agreement

for Acetic Acid Route to Acrylic Acid


Celanese Corporation (NYSE: CE) announced that

its subsidiary, Celanese (Nanjing) Chemical Co. Ltd.,

has recently signed a tri-party agreement with

SOUTHWEST INSTITUTE OF CHEMICAL CO., LTD.

(SWCHEM), based in Chengdu, China, and

YANKUANG LUNAN CHEMICAL CO., LTD. (LUNAN),

based in Teng Zhou, China,

to build a Pilot Scale-up Unit (PSU)

in Teng Zhou, China,

to test industrial scale production

of acrylic acid using acetic acid

as the principal raw material.


Celanese and SWCHEM are jointly developing

an innovative technology of producing acrylic acid

with the process of acetic acid formaldehyde condensation

based on Celanese’s original proprietary research

in this field.


Under the terms of the agreement, LUNAN will build

an industrial scale pilot plant

to finish commercial production trials..

Read more

1 June 2020

BASF announces the 25th anniversary of producing

alkyl polyglycosides (APG®s)

at the production site in Düsseldorf-Holthausen.


Derived from the renewable raw materials

starch and vegetal oils,

Alkyl polyglycosides APGs are all-round surfactants

that offer mildness and foam quality

for a broad variety of formulation concepts

in personal care and home care

as well as in industrial applications.


Since its inauguration in April 1995

the plant has managed to produce more than

one million tons of APG.


Initially built and operated by Henkel KGaA,

the ownership of the plant

switched to Cognis in 2000,

which was acquired by BASF in 2011..

Read  more


Alkyl Polyglycosides Chemical Description, INCI

Alkyl Polyglycosides is a non-ionic surfactants.

C8-10 fatty alcohol glucoside, Caprylyl / Capryl Glucoside

C8-16 fatty alcohol glucoside, Decyl Glucoside

C8-16 fatty alcohol glucoside, Coco-Glucoside

C12-16 fatty alcohol glucoside, Lauryl Glucoside


1 June 2020


Methanex posts regional contract methanol prices

for North America, Europe and Asia. 


Asia Pacific

(Valid June 1, 2020 - June 30, 2020)

Asian Posted Contract Price 

USD 215/MT

Posted May 28, 2020


North America

(Valid June 1, 2020 - June 30, 2020)

Methanex Non-Discounted Reference Price

USD 0.87Gal* USD 289MT

Posted May 22, 2020 


Europe

(Valid April 1, 2020 - June 30, 2020)

Methanex European Posted Contract Price

Euro 260/MT

Posted March 27, 2020



>>Methanex Historical Methanol Price Sheet



1 June 2020


MEGlobal today announced that

its Asian Contract Price (ACP) for

monoethylene glycol (MEG) will be

US$570/MT CFR Asian main ports

for arrival June 2020.


The June 2020 ACP reflects

the short term supply/demand situation

in the Asian market.

About MEGlobal

For more information on the company,

visit www.meglobal.biz.


Read more

CREDITS :

WEBSITES OF LEADING CHEMICAL,

PETROCHEMICAL, OIL AND GAS COMPANIES,

other presitgious organizations

and

WWW.SET.OR.TH,

WWW.BOI.GO.TH

and All


June 2020

WWW.CHEMWINFO.COM  BY KHUN PHICHAI


Tags : World  Chemical  News  June  2020  by  chemwinfo

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