BASF starts first MDI production in Chongqing

MOSCOW (MRC) -- BASF has begun its first production of diphenylmethane diisocyanate (MDI) at its wholly-owned site in Chongqing, China. Production will be ramped up gradually in line with market demand, said the company in its press release.

MDI is an important component for polyurethanes – an extremely versatile plastics material that contributes towards improved insulation, provides lighter materials for cars, and helps save energy in buildings. MDI production will support these key industries in China’s western areas.

As MRC informed earlier, BASF, SK Chemicals (Seoul) and Solvay are in discussions, which may lead to the construciton of a hydrogen peroxide-to-propylene oxide (HPPO) project at Ulsan.

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.

Showa Denko launches new hydrophilic HPLC columns

MOSCOW (MRC) -- Showa Denko (SDK) will launch two series of columns as new products of Shodex(TM), which is SDK's business producing separation/analysis columns for high performance liquid chromatography (HPLC). One series consists of polymer-based columns for hydrophilic interaction chromatography (HILIC) which are suitable for separation of anionic biochemicals, said the company in its press release.

The other series consists of columns for aqueous size exclusion chromatography (SEC) which are compatible with multi-angle light scattering (MALS) detector.

SDK will introduce these two product lines at Japan Analytical & Scientific Instruments Show 2015 (JASIS 2015) to be held at Makuhari Messe, Chiba, Japan, from September 2nd to the 4th.

In 1974, SDK developed separation/analysis columns for gel permeation chromatography (GPC) and branded them as "Shodex(TM)." Since then, SDK has been promoting product development specializing in columns with polymer-based packing materials. Generally speaking, polymer base generates lower level of noise than silica base and is suitable for high-sensitivity analysis using MALS detector or charged aerosol detector. SDK will continue expanding lineup of high-functioning columns, with focus on use in fields of pharmaceuticals and functional chemicals.

In December 2014, SDK started to market "HILICpak" series, a series of columns for HILIC which can conduct high-sensitivity analysis of hydrophilic chemicals. The first subseries of HILICpak put on the market at that time was "HILICpak VG-50." This subseries uses highly-reproducible polyvinyl alcohol as packing material, and shows high recovery rate in analysis of reducing sugars, though the subline consists of amino-columns. HILICpak VG-50 can perform high-sensitivity analysis of mannose and galactose.

This time, SDK newly developed another subseries "HILICpak VT-50." This subseries can perform high-sensitivity analysis of anionic samples including phosphorylated saccharides, organic acids, and other medical substances. This product is suitable for measurement of metabolites in organisms. Thus we expect this product to be applied to development of pharmaceuticals and functional foods. SDK started to market HILICpak VT-50 this August.

As MRC informed earlier, Showa Denko (SDK) has decided to establish a new production site for thermosetting bulk molding compound (BMC) in Zhuhai, Guangdong Province, China, jointly with Eternal Materials Co., Ltd., a synthetic resin manufacturer based in Taiwan.

Showa Denko K.K. is a major manufacturer and marketer of chemical products serving a wide range of fields ranging from heavy industry to the electronic and computer industries. SDK makes petrochemicals (ethylene, propylene), aluminum products (ingots, rods), electronic equipment (hard disks for computers) and inorganic materials (ceramics, carbons). The company has overseas operations and a joint venture with Netherlands-based Montell and Nippon Petrochemicals to make and market polypropylenes.

Sumitomo Demag reorganises two production sites in Germany

MOSCOW (MRC) -- The injection moulding machine manufacturer Sumitomo (SHI) Demag has announced that its production sites in Schwaig and Wiehe, Germany, will now focus on their core competencies to boost efficiency and flexibility in the production of injection moulding machines, as per GV.

The site in Wiehe will focus on small and medium-sized hydraulic and all-electric machines. As part of the new production unit, Wiehe will be responsible for the production of control cabinets and electric components. Medium-sized and large hydraulic and hybrid injection moulding machines will be manufactured at the site in Schwaig.

Within the new unit, Schwaig will also operate a competence centre for die cast processing and plasticisation. Furthermore, Schwaig will install a central Application Engineering Centre to improve the company’s application-related customer support. In addition, new order processing centres - which will be integrated into the production organisation at both sites - will further improve the customer service.

As MRC informed earlier,in 2013, Sumitomo Demag Plastics Machinery and its Chinese subsidiary Demag Plastics Machinery (DPG) in Ningbo unveiled its plans to expand production capacity in China from 650 to 1,000 injection moulding machines/year, through an investment of EUR7 million.

The global development and production network of Sumitomo (SHI) Demag and its Japanese parent company Sumitomo Heavy Industries is comprised of four facilities in Japan, Germany and China with more than 3,000 employees. The product portfolio includes all-electric, hydraulic and hybrid injection moulding machines with clamping forces of between 180 and 20,000 kN. With more than 115,000 installed machines, Sumitomo (SHI) Demag says it is present in all important global markets.

Indian Oil to start production from Paradip refinery by October

MOSCOW (MRC) -- Indian Oil Corp. Ltd (IOC) plans to start its Paradip refinery in Odisha by October and increase its capacity utilization to 80% before the end of fiscal year 2017, the company said during a conference call with analysts, said Livemint.

The call was organized to inform analysts on the proposed 10% divestment of the company, scheduled for Monday, and its future plans. The share sale may fetch the government almost Rs.9,890 crore, based on a 15-day average price of the stock at Rs.407.35. The floor price for the share sale will be announced on 22 August. The government currently holds 68.57% in the company.

The company informed analysts that it has earmarked an investment of close to Rs.15,000 crore for the current fiscal year. These will be largely put into augmenting the capacity of its existing pipelines, setting up a new pipeline, a petrochemical plant at Paradip and a liquefied natural gas (LNG) regasification terminal at Ennore in Tamil Nadu.

A major part of the capital expansion will go into its pipelines projects, which comprises the Rs.2,321-crore Paradip-Hyderabad pipeline; Rs.1,823 crore will be invested for augmenting the capacity of the Paradip-Haldia-Durgapur LPG pipeline, and Rs.887 crore for the Jaipur-Panipat naphtha pipeline. Another mega investment will be for the proposed Rs.3,150-crore polypropylene project at its yet-to-be-commissioned Paradip refinery.

The management told analysts that all the projects have been planned with a minimum internal rate of return (IRR) of 13%. Analysts have earlier said that the company’s much-delayed Paradip refinery will continue to be a drag on the firm’s profits in the initial years although it will increase its revenues substantially.

As MRC informed earlier, Indian Oil Corp. is seeking to build a USD3 billion petrochemicals plant in Iran. The plan hinges on assurances from Iran that the 1 million-ton-a-year project will have access to cheap natural gas as feedstock.

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

Nova Chemicals to make a final investment decision on new polyethylene plant

MOSCOW (MRC) -- Nova Chemicals is likely to make a final investment decision on a new polyethylene plant for St. Clair Township only after mid-2017, as per Plastemart.

The new plant, a possible USD1 billion investment in Chemical Valley, was first proposed by Nova in 2011.

Currently, the company is moving forward with its study of the expansion of the Corunna plant by approximately 50%, to boost production from 5 mln lbs of ethylene a day to 8 mln lbs.

Nova is working with a partner on the pipeline project that will also required some internal retrofitting work at the Corunna cracker. The project is expected to cost slightly more than USD350 million.

As MRC informed before, in early 2013 NOVA Chemicals decided build two polyethylene (PE) plants and expand its ethylene capacity. NOVA has taken several actions to secure additional ethane feedstock supply for its crackers in Corunna, Ontario, and Joffre, Alberta.

Nova Chemical is one of the largest world's petrochemical companies, a manufacturer of polyethylene, styrene polymers, monomers, and many other related products.