Sinopec Yangzi Petrochemical to shut LLDPE plant in China for maintenance

MOSCOW (MRC) -- Sinopec Yangzi Petrochemical is in plans to shut a linear low density polyethylene (LLDPE) plant for maintenance turnaround, reported Apic-online.

A Polymerupdate source in China informed that the plant is planned to be shut in end-July 2015. It is likely to remain off-stream for around one month.

Located at Nanjing in China, the plant has a production capacity of 200,000 mt/year.

As MRC informed previously, on March 26, 2015, Sinopec Cangzhou Petrochemical has shut its refinery for maintenance turnaround. It is planned to remain off-stream for around two months. Located at Cangzhou in Hebei province of China, the plant has a production capacity of 2.5 million mt/year.

Sinopec Corp. is one of the largest scale integrated energy and chemical companies with upstream, midstream and downstream operations. Its refining and ethylene capacity ranks No.2 and No.4 globally. The Company has 30,000 sales and distribution networks of oil products and chemical products, its service stations are now ranked third largest in the world.

Sibur approves new logo as part of rebranding

MOSCOW (MRC) -- Russian energy and petrochemicals group Sibur has announced the first logo change in its 20-year history, the new design featuring its name in an updated font style, said the company in its press relelase.

Previously, the company had two logo design versions, using either the Sibur name or a stylised Latin S and a tree leaf located in a triangular with the name in the same font.

The key concept idea behind the new logo is an icebreaker, which reflects the company’s ambition to keep moving forward despite all the obstacles, according to a 21 April press release.

"Any brand evolution is the story of the company’s changes and achievements. Established 20 years ago, Sibur has since then grown into the industry leader steadily pursuing its line," said Oleg Makarov, Sibur’s managing director.

The logo is the first stage of a rebranding campaign covering all aspects of Sibur’s corporate style. This is a phased process scheduled for the next two to three years.

As MRC informed earlier, this year, SIBUR has added new advanced polypropylene (PP) grades to its product mix. The grades are included into the production plans of the Company's facilities and are already available to customers.

Sibur is a vertically integrated gas processing and petrochemicals company. SIBUR owns and operates Russia’s largest gas processing business in terms of associated petroleum gas processing volumes, and is a leader in the Russian petrochemicals industry. As of 30 June 2014, SIBUR operated 26 production sites located all over Russia, had over 1,400 large customers engaged in the energy, chemical, fast moving consumer goods (FMCG), automotive, construction and other industries in approximately 70 countries worldwide and employed over 26,000 personnel.

DuPont Q1 profit falls

MOSCOW (MRC) -- Chemicals giant DuPont Co. said first-quarter profit declined from the previous year, as revenues dropped amid adverse currency and decreased volumes, as per company's press release.

The company now expects higher-than-previously estimated negative currency impact in 2015, and as a result sees full year earnings at the low end of its prior outlook.

Ellen Kullman, DuPont Chair and CEO, said, "DuPont delivered volume and margin improvements in the majority of our post-spin segments through intense focus on innovation, disciplined execution and ongoing efficiency improvements and cost reduction, even in the midst of challenging currency and market environments. We expect performance in the remainder of the year to build on this momentum, driven by new product sales and benefits from our accelerated operational redesign.

Attributable net income dropped to USD1.03 billion or USD1.13 per share from USD1.44 billion or USD1.54 per share reported in the prior year.

Including a USD0.25 per share negative currency impact, operating earnings were USD1.34 per share, while it totaled USD1.58 per share in the prior year. On average, 18 analysts polled by Thomson Reuters expected earnings of USD1.31 per share for the quarter. Analysts' estimates typically exclude special items.

Cost reductions from operational redesign contributed USD0.10 per share to operating earnings. In 2015, total cost savings are expected to increase to around USD0.40 per share. Net sales fell to USD9.172 billion from USD10.128 billion in the prior year. Analysts expected revenues of USD9.41 billion.

The company attributed the sales drop to a 6 percent impact from currency, portfolio changes of 2 percent and expected near-term industry-wide challenges in Agriculture and Performance Chemicals.

Sales declined in the Agriculture business to USD3.94 billion from USD4.39 billion. Operating earnings decreased 21 percent, as improved product mix in Pioneer, pricing actions taken in parts of Europe and Asia and productivity improvements were more than offset by adverse currency, decreased volumes from expected reduction in global corn planted area, lower insecticide demand in Latin America and timing of seed shipments.

As MRC informed earlier, DuPont Crop Protection (DuPont) announced an agreement with Mitsui & Co., Ltd. (Mitsui) for DuPont to sell its global Kocide and ManKocide copper fungicide business assets to Mitsui.

DuPont is an American chemical company that was founded in July, 1802. The company manufactures a wide range of chemical products, leading extensive innovative research in this field. The company is the inventor of many unique plastics and other materials, including neoprene, nylon, Teflon, Kevlar, Mylar, Tyvek, etc. DuPont was the developer and main producer of Freon used in the production of refrigeration equipment.

Several crackers shut in Europe for maintenance

MOSCOW (MRC) -- Several petrochemical crackers in Europe were undergoing maintenance in March and April, which somewhat limited prompt demand for feedstocks naphtha and LPG, said Plastemart.

Among plants still undergoing unplanned maintenance this week are OMV's Schwechat cracker in Austria, Versalis's Dunkirk cracker in France, Shell's Moerdijk cracker in the Netherlands, and Total's Feluy cracker in France cracker. The plants still undergoing planned maintenance are Total's Antwerp cracker in Belgium, Total's Feyzin cracker in France, and Dow's Terneuzen cracker in the Netherlands.

Dow begun scheduled maintenance at one of its Terneuzen crackers in the Netherlands in early March. The maintenance, expected to last until late April, is taking place at the site's largest cracker, Terneuzen 3, which has an ethylene capacity of 680,000 tpa. Turkish major Petkim was heard to be restarting its Aliaga cracker this week after a power trip halted production last week, while Repsol's Puertollano cracker in Spain restarted last week.

Adidas to use marine plastic waste in products from 2016

MOSCOW (MRC) -- German sportswear firm Adidas is teaming up with a group trying to clean up the world's oceans with a plan to develop materials made from marine plastic waste that can be used in its products, Reuters.

As the result of its partnership with the Parley for the Oceans initiative, Adidas also said on Monday it would phase out the use of plastic bags at its 2,900 stores.

Big fashion brands are jostling to highlight their ethical credentials as protest groups like Greenpeace pressure them to cut their environmental impact and improve factory conditions.

Swedish retailer H&M for instance has pledged to triple the amount of products made of recycled fibres by the end of 2015. Plastic used in the consumer goods industry causes marine pollution with a "natural capital cost", a measure of environmental damage, of at least USD13 billion a year, according to the United Nations Environment Programme (UNEP).

Parley, a group of artists, designers, musicians and scientists, says much of the plastic waste ends up in mid-ocean whirlpools, entangling whales, birds and turtles and damaging the internal organs of the fish that ingest it.

Adidas said it would work with Parley to develop fibres made from recycled ocean waste for use in its clothing, and potentially shoe uppers, from next year. Dutch retailer G-Star Raw worked with Parley last year to launch a denim line made out of plastic waste.

Adidas made the announcement as it released its annual sustainability report, which detailed other steps the company is taking to improve its environmental record, such as using more sustainably-farmed cotton and recycled polyester.

As MRC informed earlier, representatives of European Union member states hammered out a dealto reduce consumption of lightweight plastic bags to 40 bags per person per year by 2025. National governments will have to either reduce average lightweight plastic bags consumption to 90 bags per person per year by 2019 and 40 by 2025 or ensure that, by 2018, consumers pay for their bags. A second unanimous vote was needed because the original agreement had been opposed by the European Commission, the EU’s executive body.