Trinseo raises prices for latex technologies in North America

MOSCOW (MRC) -- Trinseo, a global materials company and manufacturer of plastics, latex and rubber, has announced that effective August 1, 2015 or as contract terms permit, the company is increasing the prices of all styrene butadiene products sold into the carpet, paper, and performance latex markets in North America, as per the company's press release.

The increase will be up to USD0.10/dry lb for all styrene butadiene latexes.

We must implement this price increase in order to offset the rising costs to manufacture and transport our products and to remain an innovative and reliable supplier.

As MRC informed previously, Trinseo had announced that effective May 15, 2015 or as contract terms permit, the company increased the prices of all products sold into the carpet, paper, and performance latex markets in North America and Latin America. The increase was up to USD0.10/dry lb (USD0.09/Wet Kg) for all styrene butadiene latex and up to USD0.06/dry lb (USD0.055/Wet Kg) for acrylic latex products.

Trinseo is a leading global materials company and manufacturer of plastics, latex and rubber, dedicated to collaborating with customers to deliver innovative and sustainable solutions. Trinseo’s technology is used by customers in industries such as home appliances, automotive, building & construction, carpet, consumer electronics, consumer goods, electrical & lighting, medical, packaging, paper & paperboard, rubber goods and tires. Trinseo had approximately USD5.1 billion in revenue in 2014, with 19 manufacturing sites around the world, and approximately 2,100 employees. Formerly known as Styron, Trinseo completed its renaming process in the first quarter of 2015.
MRC

BASF and Poietis sign agreement on 3D bioprinting technology for advanced skin care applications

MOSCOW (MRC) -- BASF, the world's largest petrochemical major, and Poietis, the first company in the world for 3D laser-assisted bioprinting, have signed an agreement on research and development in cosmetics, reported BASF on its site.

Based on the combined expertise of both companies in tissue engineering and bioprinting, the agreement aims to apply the bioprinting technology of Poietis to improve BASF’s skin equivalent model Mimeskin. The terms and conditions of this agreement were not disclosed.

The 3D laser-assisted bioprinting technology, by which organic tissues can be reproduced, allows for a precise positioning of the skin cells in three-dimensional structures. Through this, cells are cultivated within BASF’s skin model Mimeskin, which is the closest equivalent to the original physiological tissue of human skin. Dr. Fabien Guillemot, Founder and President of Poietis, remarks: "We are extremely pleased about this collaboration. Having long-term expertise in solutions for the dermocosmetics market, BASF understands the benefits of 3D laser-assisted bioprinting compared to conventional cell culture technologies and other bioprinting methods. The partnership also emphasizes bioprinted tissue models as an alternative to animal testing in cosmetics and dermopharmacy."

As MRC said before, in April 2015, BASF developed new ingredients and innovative concepts for the personal care market. Driving forward the development of the brand Care CreationsTM, the company is taking a more and more science based approach to explore consumer needs: the focus is on a validated typology system with which users can define different consumer personalities.

BASF is the leading chemical company. It 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.
MRC

NEOS raises the roof on Europe biggest ethane tank at Grangemouth in Scotland

MOSCOW (MRC) -- IINEOS Grangemouth has seen the massive roof that covers Europe’s biggest ethane storage tank rise into place using just four low pressure fans, following six months of building work, reported the producer on its site.

The huge tank is 56 metres in diameter and 44 metres high - that gives it a displacement volume of 108,372 cubic metres - large enough for 560 double decker buses to fit inside.

The investment in the Grangemouth tank and infrastructure is part of the company’s GBP450 million rescue package to equip the site to import ethane gas from the US. The project will transform Grangemouth overnight and will allow its manufacturing assets to once more compete globally, providing raw materials for thousands of manufacturing businessesacross the UK and Europe.

John McNally, CEO of INEOS O&P UK, says, "This is a landmark day for Grangemouth. We know that US ethane has transformed US manufacturing and now Scottish industry will benefit as well. This will secure a cost-effective supply of ethane for the next 15 years, and give a sustainable base for Grangemouth for that time."

The building of Europe’s largest ethane storage tank is just part of INEOS’ USD1 billion global project to get US Shale gas to Europe.

INEOS has contracts to access a 100 mile pipeline from the Marcellus Shale in western Pennsylvania to the Marcus Hook gas terminal close to Philadelphia.

INEOS has commissioned eight huge Dragon class ships to carry the liquefied Shale gas ethane from the US to Europe. Besides, INEOS has built two brand new import terminals to receive the gas, one at Grangemouth and the other at Rafnes in Norway. This huge ethane storage tank and supporting infrastructure is one part of this project.

John McNally adds, "Bringing US ethane to Europe is a huge undertaking involving INEOS experts from across the globe. To raise the roof of this huge tank means that yet another milestone for the project has been reached. It is still early days on this project as we now set to work on the internal structure of the tank and the surrounding infrastructure. We are on schedule for the first US ethane to arrive in Grangemouth during the second half of 2016."

Ineos Group Limited is a privately owned multinational chemicals company consisting of 15 standalone business units, headquartered in Rolle, Switzerland and with its registered office in Lyndhurst, United Kingdom. It is the fourth largest chemicals company in the world measured by revenues (after BASF, Dow Chemical and LyondellBasell) and the largest privately owned company in the United Kingdom.
MRC

Wacker wins award for sustainable logistics solutions

MOSCOW (MRC) -- Wacker Chemie AG has received the Responsible Care award from the Bavarian branch of the German Chemical Industry Association (VCI), reported the company on its site.

At a ceremonyin Munich, the chemical company was cited for its sustainable approach to using raw materials efficiently by avoiding empty freight shipments with its container management program. Key factors behind the jury’s decision were that Wacker’s strategy is of great economic significance and helps minimize CO2 emissions. Every year, the VCI confers its Responsible Care award on outstanding projects in the areas of health, safety and the environment. This year, the VCI invited entries under the slogan "We have good ideas for transport safety and sustainable logistics." Having won in Bavaria, Wacker now moves on to the VCI’s nationwide Responsible Care competition.

Wacker has a comprehensive logistics strategy for planning and controlling material flows and, in turn, for permanently optimizing its global transport networks. As early as fifteen years ago, Wacker started systematically shifting freight from road to rail, the latter being safer and more environmentally friendly. The focus of Wacker’s recent optimization project was on transport: on organizing freight even more efficiently and avoiding empty containers. As a result, it is the same container that delivers raw materials to production sites such as Burghausen or Nunchritz and leaves with goods produced there for international customers.

As MRC informed before, Wacker aims to strengthen its commitment to sustainable business practices in the supply chain. To this end, in February 2015, the company joined the "Together for Sustainability" (TfS) initiative. Established in 2011, the project is targeted on implementing a standardized global program for responsible procurement of goods and services in the chemical industry and improving the ecological and social standards of suppliers. After AkzoNobel, Arkema, BASF, Bayer, Clariant, DSM, Evonik Industries, Henkel, Lanxess, Merck and Solvay, Wacker is the twelfth company to become a TfS member.

Wacker Chemie AG is a worldwide operating company in the chemical business, founded 1914. The company is controlled by the Wacker-family holding more than 50 percent of the shares. The corporation is operating more than 25 production sites in Europe, Asia, and the Americas. The product range includes silicone rubbers, polymer products like ethylene vinyl acetate redispersible polymer powder, chemical materials, polysilicon and wafers for semiconductor industry.
MRC

Ukrainian PC market decreased by 38% in January-June 2015

MOSCOW (MRC) - Ukraine's market of polycarbonate (PC) decreased by 38% to almost 1,230 tonnes in January-June 2015 compared to the same period last year, according to MRC ScanPlast.

The fall in consumer activity resulted from both external and internal factors, including PC price increase in Europe, which led to the rise in export prices for European PC in Ukraine. In addition, it is important to note the deepening of trade and economic crisis between Russia and the Crimea because of the political conflict.

Converters reduced the volume of consumed PC because of the decrease of the exports of finished products. Besides the hryvnya devaluation and reduced purchasing capacity also affected the volumes of buying activity. In addition, importers have reported the disruptions of the supply since the beginning of the summer because of the PC shortage in Europe. Export quotas were significantly reduced for Ukrainian consumers. Most of all, it affected the markets of bottled and extrusion PC granules.

Major PC suppliers into the Ukrainian market reduced their supplies to the Ukrainian market by 21% in the first six months of the year, while Styron decreased by 64%. Spot sales has been practically absent in Ukraine. The the most cases deliveries were made under the current contracts and projects. Sellers often took the currency risks.

Most players continued to prefer to work on a prepaid basis. Demand for injection moulding PC over the reporting period (including special grades with various fillings) decreased by 27% in the first si[ months of the year compared to last year and amounted to only 709 tonnes, demand for extrusion PC fell by 72% (120 tonnes), and for the bottle grade PC increased by 2 % (up to 307 tonnes). In the near future converters do not expect recovery of the market.
MRC