Caprolactam plant turnaround rescheduled by CPDC

MOSCOW (MRC) -- China Petrochemical Development Corp (CPDC) has rescheduled a maintenance turnaround at its caprolactam plant, said Apic-online.

A source in Taiwan informed that as per earlier schedule, the plant was to be taken off-stream for a maintenance turnaround in December 2015. However, the shutdown of the plant has been brought ahead of the schedule to November 2015 owing to weak market fundamentals. The plant will remain shut for around 3-4 weeks.

Located in Kaohsiung, Taiwan, the plant has a production capacity of 200,000 mt/year.

As it was informed earlier, China's caprolactam imports stood at 220,000 tons in 2014, half those from a year earlier.
China Petrochemical Corporation operates as a petroleum and petrochemical company in China and internationally. It engages in the exploration, production, storage, transportation, and marketing of oil and natural gas; oil refining; storage, transportation, wholesale, and retail of oil products; production, marketing, storage, and transportation of petrochemicals, natural gas chemicals, coal chemicals, and other chemical products, as well as coal. The company is also involved in the exploration, design, consulting, construction, and installation of petroleum and petrochemical engineering projects.
MRC

Solvay bolsters competitiveness of Peroxides activities in Povoa and opens site to partners

MOSCOW (MRC) -- Solvay has created new opportunities at its Portuguese site in Povoa by upgrading its peroxide activities and by opening the strategically located premises to other companies, said the company in its press release.

Over the past 19 months, and following the ending of Solvay’s on-site soda ash activities, Solvay’s Peroxides Global Business Unit has taken a range of measures to improve the long-term competitiveness of the site, which has a long tradition in serving Portugal’s leading pulp & paper industry and provides solutions to the textile, mining, industrial and hospital disinfection, for the treatment of effluents.

@Our recent investments on site reinforce our long-term commitment to our customers to whom we will continue to deliver top quality products. The optimization of the site makes it a strong industrial platform with plenty of potential thanks to the sharing of facilities, services and expert workforce with internal or external companies" said Alain Jeanmart, General Manager Peroxides for EMEA.

The hydrogen peroxide unit is now integrated with the sodium chlorate plant. Thanks to its highly skilled personnel, it runs continuously industrial-level trials that support the Research and Innovation for Solvay’s hydrogen peroxide plants worldwide.

Excellence measures to increase energy efficiency and reduce CO2 emission were implemented through an innovative project by burning an excess of hydrogen to produce energy as steam, thereby reducing production costs.

The site’s lay-out was reshaped with new facility networks now fully operational and around 30 hectares of land are now available for the development of new activities. The site’s location close to the capital city, the international airport and commercial ports, positions it ideally to meet local and regional customers’ and industrial partner’s needs.

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. SKC, a chemical unit under SK Group, has sought to use BASF's production license to build a propylene oxide facility with a 400,000-ton capacity in Ulsan, 414 kilometers southeast of Seoul.

Solvay S.A. is a Belgian chemical company founded in 1863, with its head office in Neder-Over-Heembeek, Brussels, Belgium. The company has diversified into two major sectors of activity: chemicals and plastics. Solvay supplies over 1500 products across 35 brands of high-performance polymers пїЅ fluoropolymers, fluoroelastomers, fluorinated fluids, semi-aromatic polyamides, sulfone polymers, aromatic ultra polymers, high-barrier polymers and cross-linked high-performance compounds.
MRC

Russian converters are seeking for PVC price cuts in October

MOSCOW (MRC) - Negotiations on suspension polyvinyl chloride (SPVC) contracts for October delivery have begun in the Russian market. Local converters are going to achieve price reduction at least by Rb1,000/tonne, according to ICIS-MRC Price Report.

The negotiations for Russian contract polyvinyl chloride (PVC) prices for October delivery began on Monday.
Local converters plan to achieve the reduction in contract prices, citing the approaching end of the season and the increase in supply of feedstock in the market. Producers, in their turn, said that there are no real reasons for the decline in prices.

Negotiations have just begun, but some companies said they managed to achieve a slight reduction in contract prices. The reduction in price was small and ranges from Rb1,000/tonne to Rb1,500/tonne, depending on the producer.

At the same time there are converters, which had to accept the September level of prices for October deliveries.
Supply of the resin in the market improved in the second half of September.

Almost all scheduled maintenance works have finished (with the exception of RusVinyl) while the high season is coming to an end, converters do not want to go into "winter" with expensive feedstock.

Producers, in their turn, reported that the demand for PVC was good enough, and imports declined.
At the same time, they added, they do not want to build up stocks and intend to contract all of their quotas for October.

September deals for Russian PVC were done in the range of Rb74,000-76,000/tonne CPT Moscow, including VAT.
MRC

PVC imports in Kazakhstan decreased by 29% in January-August 2015

MOSCOW (MRC) - Imports of unmixed polyvinyl chloride (PVC) into Kazakhstan dropped to 32,900 tonnes in January-July 2015, down 29% compared with the same time a year earlier, according to MRC analysts.

August imports of unmixed PVC into the country decreased to 5,300 tonnes, compared with 9,000 tonnes in July because of the devaluation of tenge. Total PVC imports into Kazakhstan decreased 32,900 tonnes in the first eight months of the year, compared with 46,100 tonnes year on year.

Such a serious decline in PVC imports in Kazakhstan resulted from a fall in demand from local producers and practically complete cessation of further re-imports of resin in Russia.

According to the Ministry of National Economy of the Republic of Kazakhstan, the volumes of re-imported resin in Russia over the reported period were about 8,000 tonnes.

The main suppliers of PVC in the local market were producers from China, with their share more than 98% from the total PVC imports into the country.
MRC

Anwil purchased bonds issued by PKN ORLEN

MOSCOW (MRC) -- Anwil – has purchased bonds issued by PKN ORLEN Regulatory announcement no 137/2015 dated 28 September 2015Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") hereby informs that in order to optimise the management of financial liquidity within the ORLEN Capital Group, on 28 September 2015 PKN ORLEN issued short term bonds to its subsidiary, Anwil S.A., said Bankier.

The bonds were issued in accordance with the Bond Issue Programme signed by PKN ORLEN and a syndicate of 6 banks in November 2006.The bonds are used for managing the working capital of ORLEN Capital Group. The bonds were issued in compliance with the Law on Bonds dated 15 January 2015 (Journal of Laws, 2015, point 238.) in Polish zlotys, as bearer, dematerialized, unsecured, and zero-coupon securities.

The redemption of the bonds will be at their nominal value.The bonds purchased today by Anwil were issued by PKN ORLEN with the following issue conditions:Series: ORLEN1159 281015; value of the bond issue PLN 95 000 000 composed of 950 bonds with a nominal value of PLN 100 000 per bond.- Date of issue: 28 September 2015 - Redemption date: 28 October 2015- Yield on bonds: based on market conditions, unit nominal price amounted to PLN 99 861.00.PKN ORLEN owns 100% of the registered capital of Anwil.

Anwil ?is one of the leading companies in the Czech chemical industry. It is the only Czech manufacturer of PVC and caprolactam and the largest maker of soda lye. Spolana’s core business is the production and sales of ethylene-based products (EDC and PVC) as a raw material for the production of polyamide threads and plastic construction elements (caprolactam), ammonium sulphate as well as non-organic products (sulphuric acid, chlorine, sodium hydroxide).

As MRC reported earlier, in mid-June 2013 PKN Orlen offered for sale a second PLN 200m tranche of its bonds and expects the proceeds from the entire bond issue programme to reach approximately PLN 1bn. This move was done in response to the enormous interest in PKN Orlen bonds on the part of investors, who subscribed to the entire PLN 200m of the first series of bonds in just two days.

Polski Koncern Naftowy ORLEN S.A. (PKN Orlen) is a Polish oil and gas coSolvents plant shut bympany. It has a lot of petrol stations in Poland, Germany, Czech Republic, Lithuania and Slovakia. It is the biggest company in Poland and one of the biggest oil and gas companies in Europe. Polish group PKN Orlen PKNA is a majority owner - 63% of czech polyolefins manufacturer Unipetrol.
MRC