World Chemical News, August 2020, by chemwinfo
14 August 2020
Celanese Announces Acetyl Intermediates
Price Increases
Asia Outside China (USD/MT)
Ethyl Acetate $50
Butyl Acetate $50
EMEA (EUR/MT)
Vinyl Acetate Monomer €100
South America & Mexico (USD/MT)
Vinyl Acetate Monomer $125
USA & Canada (USD/LB)
Vinyl Acetate Monomer $0.03
13 August 2020
Neste to supply sustainable aviation fuel to
the world’s largest producer of renewable diesel
and sustainable aviation fuel (SAF)
produced from waste and residue raw materials,
Alaska Airlines, American Airlines
with sustainable aviation fuel for flights
from San Francisco International Airport (SFO).
The low-carbon and high-quality fuel
will contribute to each airline’s efforts
Neste and Finnair partner to reduce
with sustainable aviation fuels..Read more
13 August 2020
Haldor Topsoe and BASF collaborate
new optimization possibilities with
◼ Topsoe and BASF have entered into an agreement
to include BASF’s simulation tool,
in ClearView™ Ammonia, Topsoe’s leading
connected service solution for ammonia producers.
◼ The OASE® connect simulation tool processes
can now give customers complete insight into
the status and optimization potential
of their ammonia plant operation.
◼ The ClearView™ Ammonia solution provides customers
from all main units in the ammonia plant.
The service also includes support from
Topsoe experts, turning the information into action.
13 August 2020
AkzoNobel makes waves in China with
water-based renewal of major plant.
As Chinese customers and consumers demand
more eco-premium water-based decorative paints,
AkzoNobel’s Guangzhou plant aims to deliver.
A huge automation upgrade will have it running
at full production of exclusively water-based products.
Guangzhou is the last of four decorative paint plants
in China to completely switch to water-based products.
State-of-the-art technology will increase
its water-based paints production capacity
from 88 million liters to 140 million annually.
The plant’s upgrades will also bring
the company closer to
its overall sustainability ambitions,
which include 100% water reuse
at the most water intensive sites by 2030.
Once fully operational, Guangzhou will increase
water reuse by 70% and reduce waste water by 50%.
Significant reductions in electricity use
and VOC emissions are also expected.
12 August 2020
Kingdom of Thailand
Long Live Her Majesty Queen Sirikit,
The Queen Mother
Celebrating Her Majesty's Birthday Anniversary
12 August 2020
The Executives and staffs of www.chemwinfo.com
12 August 2020
Covestro, Goldwind and LZ Blades
develop world’s first 64.2-meter
full polyurethane wind turbine blade
• The blade satisfies the demand for
longer and stronger wind blades
• Full polyurethane blade cuts costs
while increasing efficiency
for wind power enterprises
Decreased costs and increased benefits
for wind power enterprises
Test results showed that the polyurethane resin
displays better mechanical properties
compared with traditional epoxy resin.
As it does not require postcuring and
has a lower viscosity and faster infusion speed,
the polyurethane resin system can greatly improve
the efficiency of blade production, thus
increasing the competitiveness of blade manufacturers.
In the end, the solution with the polyurethane resin
is more cost competitive than
the one with the epoxy resin.
In addition, Goldwind has optimized the structural design
of the blade, giving better play to
the advantages of polyurethane’s mechanical properties
and infusion speed and ensuring
the smooth production of the blade.
11 August 2020
ExxonMobil and Global Clean Energy Holdings
sign agreement for renewable diesel.
ExxonMobil has signed an agreement with
to purchase 2.5 million barrels
of renewable diesel per year for five years
from a converted California refinery starting in 2022.
The renewable diesel will be sourced
from a refinery acquired by Global Clean Energy
in Bakersfield, California, which is being retooled
to produce renewable diesel
from Global Clean Energy’s patented varieties of
camelina,
a fallow land crop that does not displace food crops,
and other non-petroleum feedstocks.
Following scheduled production startup in 2022,
ExxonMobil plans to distribute
the renewable diesel within California
and potentially to other domestic
and international markets.
Based on analysis of
California Air Resources Board (CARB) data,
renewable diesel from various non-petroleum
feedstocks can provide
life-cycle greenhouse gas emissions reductions
of approximately 40 percent to 80 percent
compared to petroleum-based diesel.
9 August 2020
>>DOWNLOAD ARAMCO H1 2020 PRESENTATION
Aramco navigated challenging market conditions
to record net income of $6.6 billion
for the second quarter
and $23.2 billion for the first half of 2020,
respectively, compared to $24.7 billion
and $46.9 billion in the corresponding periods of 2019.
This demonstrates Aramco’s agility, strength
and resilience across market cycles.
Free cash flow* was $6.1 billion in the second quarter
and $21.1 billion for the first half of 2020, respectively,
compared to $20.6 billion and $38.0 billion
for the same periods in 2019.
6 August 2020
INEOS Styrolution,
the global leader in styrenics,
a specialist plastic recycling technology provider
announce today the signing of
a joint development agreement (JDA)
to further advance the development of
recycling of polystyrene in Europe.
Both companies share the same goals
to make plastics a sustainable material.
This agreement recognises the commercial value
of post-consumer plastic waste
to prevent this important resource
being incinerated or ending up in landfills.
INEOS Styrolution has extensive knowledge
and expertise in polymer science and production
backed by its advanced technology and process.
Recycling Technologies possesses
extensive knowledge, technology
and expertise in the area of building reactors,
suitable to thermally recycle mixed plastics
using pyrolysis.
Recycling Technologies’ first site in Europe will be located
at the Brightlands Chemelot Campus in the Netherlands..Read more
Neste and Mirova back Recycling Technologies to accelerate transition
to circular economy for plastic..Read more
Citeo, Total, Recycling Technologies,Mars and Nestlé Join Forces
to Develop Chemical Recycling of Plastics
in France..Read more
4 August 2020
bp today introduces a new strategy
that will reshape its business as it pivots from being
an international oil company
focused on producing resources to
an integrated energy company
focused on delivering solutions for customers.
Within 10 years, bp aims to have increased
its annual low carbon investment 10-fold
to around $5 billion a year, building out
an integrated portfolio of low carbon technologies,
including renewables, bioenergy and early positions
in hydrogen and CCUS.
By 2030, bp aims to have developed
around 50GW of net renewable generating capacity
– a 20-fold increase from 2019 –
and to have doubled its consumer interactions
to 20 million a day.
Over the same period, bp’s oil and gas production
is expected to reduce by at least
one million barrels of oil equivalent a day,
or 40%, from 2019 levels.
Its remaining hydrocarbon portfolio is expected
to be more cost and carbon resilient.
By 2030, bp aims for emissions from its operations
and those associated with the carbon in
its upstream oil and gas production
(addressed by Aim 1 and Aim 2 of bp’s net zero ambition)
to be lower by 30-35% and 35-40% respectively.
Helge Lund,
chairman
“Energy markets are fundamentally changing,
shifting towards low carbon,
driven by societal expectations, technology and
changes in consumer preferences.
And in these transforming markets,
bp can compete and create value, based on
our skills, experience and relationships.
We are confident that the decisions
we have taken and the strategy
we are setting out today
are right for bp, for our shareholders,
and for wider society.”
Bernard Looney,
chief executive officer
“We bring with us over 100 years of experience
steeped in the world of energy.
We understand energy markets deeply,
and have developed unique capabilities in
trading, marketing, technology and innovation.
And we are not starting from scratch in this new world.
From our Lightsource bp joint venture
– now in 13 countries –
to our electric vehicle charging partnership
with DiDi in China,
and our industry-leading convenience partnerships
with M&S in the UK and REWE in Germany –
we are already building scale and capability.”
4 August 2020
Acquisition of PET Recycling Facilities in Poland
Indorama Ventures Public Company Limited
(“IVL” or the “Company”) would like to inform that
it has, through its indirect subsidiary
Indorama Netherlands B.V.,
signed a Conditional Share Purchase Agreement
on 3rd August 2020, with
O.R.V. Ovattificio Resinatura Valpadana S.P.A.
and OPOKA LTD.,
to acquire a 100% equity stake of
Industrie Maurizio Peruzzo Polowat spółka
z ograniczoną odpowiedzialnością
(“IMP Polowat”),
a limited liability company incorporated
under the laws of Poland.
IMP Polowat consists of two production sites
located in Bielsko-Biala and Leczyca,
Poland and processes post-consumer PET into
Recycled Polyethylene Terephthalate (rPET)
flakes and pellets,
with a combined capacity of
approx. 27,000 tonnes/annum,
consisting of 23,000 tonnes rPET flakes
and 4,000 tonnes of rPET pellets.
This facility will be an attractive recycling platform
for IVL in Eastern Europe, and will open up
new opportunities to meet
the increasing rPET demand
for more sustainable packaging solutions.
The combination of access to local bottle supply
and trusted product quality will secure opportunity
for IVL for growth and expansion over time.
The acquisition is consistent with
IVL’s ambitious target
in scaling its recycling capacity
to reach 750,000 tonnes by 2025.
4 August 2020
ADNOC L&S and Wanhua Chemical Group
form Strategic Shipping Joint Venture.
The new company named
AW Shipping Limited
is incorporated in
Abu Dhabi Global Market (ADGM)
in the United Arab Emirates (UAE).
This strategic JV agreement further strengthens
the collaboration between
ADNOC and Chinese companies
and builds on the deep-rooted bilateral relations
between China and the UAE.
The JV underscores ADNOC’s focus
on value-creating deals
and will support the delivery
of its 2030 smart growth strategy.
AW Shipping Limited (AW Shipping)
will own and operate a fleet of
very large gas carriers (VLGCs)
and modern product tankers.
The company will be responsible for
transporting LPG cargoes
and other petroleum products,
sourced from the ADNOC Group and global suppliers,
to Wanhua Group’s manufacturing bases
in China and around the world.
To deliver maximum fleet eciency, the company
may also pursue other market opportunities.
3 August 2020
Lightning strike at Olefins facility in USA
Indorama Ventures Public Company Limited (“IVL”)
would like to inform that on August 01, 2020
there was a lightning strike
at Indorama Ventures Olefins LLC (“IVOL”) facility
in Westlake, Louisiana, USA resulting in
a plant trip of the facility and subsequent flaring.
There is no danger to the site, employees
or surrounding community.
The plant is currently offline
and being assessed by plant personnel.
All appropriate regulatory officials have been notified.
The site has an ethylene production capacity
of 440 kilotons per annum (KTA) and is covered by
a comprehensive insurance policy.
1 August 2020
Read more
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PETROCHEMICAL, OIL AND GAS COMPANIES
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AUGUST 2020
Link to Leading chemical news websites
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CREDITS :
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PETROCHEMICAL, OIL AND GAS COMPANIES
and
WWW.SET.OR.TH,
WWW.BOI.GO.TH
and other leading organizations
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