Shanghai Golden Philips to restart HDPE plant in China

MOSCOW (MRC) -- Shanghai Golden Philips Petrochemical Co. to resume operations at its high density polyethylene (HDPE) plant later this week, as per Apic-online.

A Polymerupdate source in China informed that the plant was taken offstream for a maintenance turnaround on November 29, 2015. The plant is expected to resume production on December 11, 2015.

Located at Shanghai in China, the HDPE plant has a production capacity of 135,000 mt/year.

As MRC informed previously, PetroChina, China's largest oil and gas producer, restarted its HDPE/linear low density polyethylene (LLDPE) plant in early June 2015 following maintenance turnaround. It was shut on April 10, 2015. Located in Dushanzi, China, the plant has a production capacity of 660,000 mt/year.

Besides, Yangzi Petrochemical shut its LLDPE plant for maintenance turnaround in end-July 2015. It remained off-stream for around one month. Located at Nanjing in China, the plant has a production capacity of 200,000 mt/year.
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BASF sells Versamid trademark to Gabriel Performance Products

MOSCOW (MRC) -- BASF Corporation and Gabriel Performance Products, LLC, a U.S. based specialty chemical company, finalized a transaction transferring the highly recognizable Versamid trademark to Gabriel, and exclusively licensing the polyamide curing agent technology in the U.S. Versamid polyamide curing agents are used for two component solvent-borne epoxy applications, said the company on its site.

"The Versamid product line is well known within the industry and this acquisition strengthens Gabriel’s position in the epoxy curing market," said Seth Tomasch, CEO of Gabriel Performance Products. "It is an excellent complement to our mercaptan product line, and we look forward to serving customers who formerly looked to BASF for epoxy curing agent solutions."

The transaction with Gabriel follows BASF’s announcement in July that they will close the Dimer and Polyamide Resins unit at the Kankakee, Illinois site, exit the business, and divest intellectual property including trademarks. BASF continues to operate the Kankakee site, which supplies products for the Nutrition and Health and Care Chemicals Divisions of the company. BASF intends to work closely with Gabriel to transition customers through March 2016.

BASF will continue to manufacture, market and sell PUR technologies through the back license of the Versamid® trademark with Gabriel. Versamid PUR polyurethane resins are used for flexographic and gravure printing ink applications. BASF South America is excluded from this transaction and will continue to manufacture, market and sell polyamide resins under the Versamid trademark in the South American region.

As MRC informed earlier, BASF has signed a contract to divest its subsidiary company Magenta Master Fibers s.r.l. (MMF) located in Magenta, Italy, including MMF’s wholly owned subsidiary in Shanghai, China (Magenta Master Fibers Co., Ltd.), to PolyOne Corporation, a leading global provider of specialized polymer materials, services and solutions based in Cleveland, Ohio.

Gabriel Performance Products, LLC is a market-leader in epoxy additives and specialty chemical manufacturing. Gabriel is focused on expanding its epoxy specialty offerings beyond its market-leading mercaptan-based curative technology.

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.

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Evergas orders four INEOS MAX vessels

MOSCOW (MRC) -- Chinese shipbuilder JHW Engineering & Contracting has secured a contract to build four INEOS MAX liquefied ethane / ethylene carriers for Evergas, a Denmark-based owner and operator of gas carriers, said Ship-technology.

Under the terms of the contract, JHW will build four 32,000m INEOS MAX vessels at a selected shipyard in China.

The new carriers will feature dual fuel propulsion flexibility that includes liquefied natural gas (LNG) and ethane, besides ballast water treatment system.

The carriers will have increased cargo capacity of about 10% when compared to the Dragon series 27,500m? class gas carriers currently owned by the operator.

Additionally, the newbuilds will incorporate a wide range of features for safe, environmentally friendly and efficient operations.

The new vessels are expected to comply with regulatory requirements such as Clean ship notation, Green Passport, EEDI Phase III compliance.

Deliveries under the order are expected to commence from the first quarter of 2018.

The four option two INEOS MAX 32,000M3 liquefied ethane / ethylene carriers will release the LNG transportation capacity of the existing Dragon series of 27,500m LNG carriers, stated the company.

Of the total eight 27,500m LNG carriers to be delivered by Sinopacific Shipbuilding Group, Evergas has received three and they have been assigned to bring ethane from the US to the UK Ineos refineries.

With the expansion of its fleet, the company expects to improve trade in the growing mid-size LNG transportation market.

As MRC informed earlier, in January 2013 INEOS agreed a 15-year shipping agreement with Evergas for the transportation of ethane into Europe from the US Mariner East project, as the world’s first US ethane export contract. In 2014, INEOS and Evergas expanded the agreement to secure additional capacity for long-term shipping of advantageously priced US ethane for INEOS’ European crackers at Rafnes (Norway) and Grangemouth (Scotland).

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.
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Hengli Petrochemicals to set up aromatics complex and refining and petrochemical complex

MOSCOW (MRC) -- Hengli Petrochemical's 74 billion yuan refining and petrochemical complex started construction in Changxing Island Industrial Zone, Dalian, Liaoning Province, marking the first private company entering the oil refining industry, as per www.ccfgroup.com.

The project locates in petrochemical industrial park of Changxing Island and is near the company's PTA plant. The project includes 4.5 mln tpa aromatics complex and 20 mln tpa refining and petrochemical facility.

"The PTA plant of Hengli is the largest, most beautiful and best managed one as I had ever seen in the world," said Christine Dupraz, vice-president of Axens, an international provider of advanced technologies to refine petrochemicals, gas and alternative fuels.

Axens is supplying all the critical key technologies for the crude refining and petrochemical integrated complex.
"Hengli will become a rally integrated company, going from crude oil to PTA," said Dupraz.

Located on the Liaodong Peninsula, Changxing Island is an important part of the Liaoning Coastal Economic Belt, which is enjoying favorable policies for rapid development.

The petrochemical sector, shipbuilding and ocean engineering, equipment manufacturing and port logistics are pillar industries.

It is building a world-class large-scale petrochemical industrial base.

As MRC reported earlier, Hengli Petrochemical Company operates two PTA plants in Dalian with the total capacity of 4.4 million tpa. The company resumed operations at its PTA plant No. 2 with a capacity of 2.2 million tpa at the weekend, 20-21 October, 2012. Company"s PTA plant No. 1 with the capacity of 2.2 million tpa resumed production in September 2012. At present, the plant"s No. 1 capacity utilization is 80% of it total production capacity.
MRC

Dow to debottleneck glycidyl methacrylate, increase capacity at Freeport, Texas

MOSCOW (MRC) -- The Dow Chemical Company plans to complete a debottlenecking project at its Freeport, Texas facility to increase capacity for glycidyl methacrylate (GMA) in the second quarter of 2016, said the Coatingsworld.

The wide use of GMA, a versatile monomer for specialty coatings and resins, has placed increased demand on the product, tightening the market.

"GMA demand continues to grow, and debottlenecking will provide much needed capacity to help us meet and exceed our customer needs," said Kate Glasser, Dow global business director for Monomers. "The extra capacity will expand our capability to help our customers develop high performance coatings that benefit from GMA’s dual acrylic and epoxy functionality."

With outstanding chemical resistance and weatherability, GMA improves the quality and performance for automotive and powder coatings, radiation curable coatings, waterborne resins, industrial and protective finishes, appliance and hardware finishes, adhesives and plastic modifiers.

As MRC informed earlier, Dow Chemical and DuPont are expected to announce a merger by Thursday, in a deal that would be one of the biggest in the best-ever year for mergers and acquisitions.

The Dow Chemical Company is an American multinational chemical corporation. Dow is a large producer of plastics, including polystyrene, polyurethane, polyethylene, polypropylene, and synthetic rubber. In 2014, Dow had annual sales of more than USD58 billion and employed approximately 53,000 people worldwide.
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