Global bio-based PET market expected to grow at 68.25% CAGR by 2019

MOSCOW (MRC) -- The global bio-based polyethylene terephthalate (PET) market is expected to grow at 68.25% CAGR by 2019 as per Plastemart with reference to a report by ReportsnReports.

Bio-based PET is a biodegradable product made from materials such as monoethylene glycol (MEG) and terephthalic acid (PTA). About 30% of bio-based PETs are composed of monoethylene glycol (MEG), a product of sugarcane ethanol, and the rest is composed of purified terephthalic acid (PTA), a chemical-based product of crude oil.

There are different types of bioplastics: polymers directly extracted from biomass and processed, polymers made from bio-based precursors (polylactic acid or PLA), and polymers made from bacteria (PHA and PHBs). They can be used to manufacture tools, bags, beds, furniture, carpets, films, bottles, cups, and other packaging materials. In landfills, they emit about 30-70% less CO2 compared to conventional plastics.

In 2014, Germany was the major contributor to the market, followed by Asia, the US, and Brazil.

We remind that, as MRC wrote previously, the global Bio-based polypropylene (PP) market will reach USD36.19 mln by 2020, according to a new study by Grand View Research, Inc. Supportive regulatory and political landscape to promote bio-plastics, coupled with growing demand for lightweight materials in automotive applications will augment bio-based PP market growth. Increasing application scope in textile, packaging and construction industries will have a positive impact on market growth.
MRC

IOC Board gives approval for paraxylene/PTA, ethylene glycol units at Paradip

MOSCOW (MRC) -- The board of Indian Oil Corporation (IOC), India's largest refiner and oil marketing company, has given in principle approval for a 350,000 tpa glycol unit to be set up at cost of Rs 3,800 crore, and a 1 mln tpa paraxylene/PTA (purified terephthalic acid) unit at an investment of Rs 8,000-9,000 crore, as per Plastemart.

The two projects are expected to come onstream near its refinery at Paradip by 2020. Both the units are part of the Petroleum, Chemicals and Petrochemical Investment Region (PCPIR) hub being established at Paradip. IOC is the anchor tenant of this hub.

IOC also has plans to set up a petcoke gasification plant with an investment of more than 15, 000 crore.
These facilities are in addition to a 0.7 mln tpa polypropylene unit coming up in the petrochemical hub.

As MRC reported earlier, Indian Oil Corporation's Rs 34,555-crore 15 million tonnes per annum Paradip Refinery has been commissioned in phases from March 2015 onwards. The refinery is capable for processing a broad basket of crude oil grades, including cheaper high-sulphur heavy crudes, which will help the company to improve bottomline,

Indian Oil Corporation Limited, or IndianOil, is an Indian state-owned oil and gas corporation with its headquarters in New Delhi, India.
MRC

BCPL-Assam gas cracker partially commissioned

MOSCOW (MRC) -- The Brahmaputra Cracker and Polymer Limited (BCPL), also known as the Assam gas cracker project, was partially commissioned on Saturday, reported Plastemart.

Three units of the petrochemical plant - the gas sweetening unit (GSU), C2+recovery unit and polypropylene unit (PPU) were commissioned. The ethylene cracker unit and linear low density polyethylene (LLDPE)/high density polyethylene (HDPE) unit are almost near completion and expected to be ready in two months.

The gascracker project is a joint venture in which GAIL holds equity share of 70%, while OIL, NRL and the state government hold 10% stake each. GAIL and BCPL have already inked a deal for marketing petrochemical products produced at the plant. There are also plans to export polymer and finished products to countries like Bangladesh, Myanmar, Bhutan, Nepal and China.

As MRC informed previously, GAIL India said it will convert its liquefied petroleum gas (LPG) recovery unit in Assam, India, to supply C2+ hydrocarbon feedstock for a petrochemical project being set up by Brahmaputra Cracker & Polymer Ltd. (BCPL) in Lepetkata, near Dibrugarh, India,

BCPL is a joint venture owned 70% by GAIL and 10% each by OIL, NRL and the Assam government.
MRC

Evonik expands leading market positions in C4 products

MOSCOW (MRC) -- Evonik Industries has strengthened its leading position in C4-based products and has successfully, and on time, put into operation new production plants in Antwerp (Belgium). Also in the Marl Chemical Park (Germany), the C4 capacities are being increased. For this, the company has invested a total amount in the three-digit million range (Euro) in the two sites, reported the producer on its site.

The new plants result in an expansion of capacities for butadiene in Antwerp, for the plasticizer alcohol Isononanol (Marl) as well as for the antiknock agent MTBE (Marl and Antwerp). According to market analyses, the global demand for these products increases by two to five percent per year.

"By expanding our C4 capacities and the necessary and important investments into the supply of raw materials at our sites, we are sustainably strengthening our market positions. At the same time we are supporting our customers’ growth plans in Europe and worldwide," said Klaus Engel, Chairman of the Executive Board of Evonik.

With long-term supply contracts, Evonik has sustainably ensured the raw material supply for the operation of the new plants. As a technology leader, Evonik has also for the first time made FCC- C4 material flows from refineries usable. This demonstrates Evonik’s technological excellence on C4 and is an important contribution to a sustainable production.

With the expanded production networks in Antwerp and Marl, Evonik wants to further develop and strengthen its market positions in C4 chemistry for the long-term.

Butadiene is mainly used in synthetic rubbers, for example for the manufacturing of tires. Furthermore, there is a wide range of application for elastomer and plastics.

The anti-knock agent MTBE (Methyl -tert.-butylether) increases the octane number of fuels in petrol engines and results in an improved combustion of fuels in the engines. This way, MTBE contributes to a better air quality.

Isononanol (INA) is mainly used as an alcohol component in the manufacturing of PVC plasticizers. Plasticizers based on INA are characterized by excellent properties, both in the plastisol and thermoplastic processing.

As MRC reported earlier, Essen-based Evonik Industries is making an investment in the double-digit-million euro range in a new research center at the Rheinfelden site. Starting at the beginning of 2016, research into silanes will be carried out in modern laboratories in the four-story building. Silanes are used in the electronics industry, in the tire industry, for the production of adhesives and sealants as well as plastics, and in the construction industry.

Evonik, the creative industrial group from Germany, is one of the world leaders in specialty chemicals. Its activities focus on the key megatrends health, nutrition, resource efficiency and globalization. Evonik benefits specifically from its innovative prowess and integrated technology platforms. Evonik is active in over 100 countries around the world. In fiscal 2014 more than 33,000 employees generated sales of around EUR12.9 billion and an operating profit (adjusted EBITDA) of about EUR1.9 billion.
MRC

BASF presents world first rear axle transmission crossbeam made of plastic in the S-Class from Mercedes-Benz

MOSCOW (MRC) -- The world’s first plastic transmission crossbeam in the rear axle subframe has been developed by ContiTech Vibration Control and BASF for the S-Class from Mercedes-Benz, reported BASF on its site.

It is made from the engineering plastic Ultramid A3WG10 CR, a specialty polyamide from BASF which is particularly reinforced and optimized to withstand high mechanical loads. Compared to the previous beam made from die-cast aluminum, this highly durable component offers a weight saving of 25%, better acoustics as well as excellent mechanical properties even at high temperatures and conforms to the latest crash requirements. The design expertise of BASF’s simulation tool Ultrasim also made a major contribution to these properties.

The plastic load-bearing structural component meets all the requirements for the static and dynamic loads which act on a transmission beam: As a central component of the rear axle it supports part of the torque which is transferred from the engine to the transmission, and bears a constant share of the load of the differential. This is why the Ultramid crossbeam is used in all the vehicle designs from Mercedes-Benz with all-wheel drive, with the exception of the AMG cars.

"The new rear axle transmission crossbeam is a milestone in the use of polyamides in the chassis. It has the potential to set a new trend in the automotive industry," says Kai Fruehauf, head of the ContiTech Vibration Control business unit. “In order to replace metal with high-performance plastics, it is necessary to make optimum use of the material and adapt it to the particular load situations, as BASF has demonstrated in the development of Ultramid for the transmission crossbeam."

As MRC informed earlier, BASF’s Coatings division is now the sole supplier of automotive coatings for the new plant of the Chinese automaker Chery in Jacarei, Brazil, which started operations in August 2014. The shades that BASF will supply are red, white, black, silver and gray. Not only the metal, but also the plastic parts will be painted with BASF's technology. The supply agreement between BASF and Chery includes waterborne coatings and the cathodic e-coat CathoGuard 800.

BASF is the largest diversified chemical company in the world and is headquartered in Ludwigshafen, Germany. BASF produces a wide range of chemicals, for example solvents, amines, resins, glues, electronic-grade chemicals, industrial gases, basic petrochemicals and inorganic chemicals. The most important customers for this segment are the pharmaceutical, construction, textile and automotive industries. BASF had sales of over EUR74 billion in 2014 and over 113,000 employees as of the end of the year.
MRC