Imports of general purpose polystyrene into Russia increased by 37% in 2016

MOSCOW (MRC) - Imports of general purpose polystyrene (GPPS) in Russia amounted to 26,600 tonnes, up 37% than in 2015, as per MRC Annual Report "Polystyrene in Russia in 2016".

The largest imported GPPS volumes accounted for Styrolution. Imports of GPPS from Styrolution into the country were 16,600 tonnes in 2016.
Russian companies imported 14,700 tonnes of general purpose polystyrene by Styrolution production.

The second place in Russia's GPPS imports took Polimeri Europa. Imports of GPPS by Polimeri Europa production in 2016 was 2,600 tonnes, which was more than twice than a year earlier.


The third largest supplier was a Chinese producer Qingdao Haier New Material, with 1,540 tonnes of GPPS imported in 2016. At the same time in 2015, the producer did not carry out exports into Russia.

The greatest demand in the consumption of imported brands by sectors accounted for GPPS, used in the production of thermal protection.
Volumes of consumption of imported GPPS by construction sector in 2016 amounted to 12,300 tonnes against 7,300 tonnes in 2015.

At the same time demand for the brands in the sector of packaging and disposable tableware decreased. Imports of this brands into the country were 6,300 tonnes, compared with 7,300 tonnes in 2015.

Imports GPPS for the production of electrical machinery rose to 7,200 tonnes in 2016 against 4,180 tonnes a year earlier. The depreciation of the euro against the dollar and the general strengthening of the ruble could lead to a change in the geography of imports and increase purchases of polystyrene in Europe, according to converters.

According to several importers, today imports from Europe are cheaper than Asian material, while logistics is also significantly shorter.
In this connection part of the traders and converters plan to increase the volume of purchases in Europe beginning of this year.


MRC

ADNOC to improve energy efficiency by 10% by 2020

MOSCOW (MRC) -- The Abu Dhabi National Oil Company (ADNOC) announced, today, it plans to introduce measures that will increase energy efficiency by 10% by 2020, sid Hydrocarbonprocessing.

The energy efficiency strategy will reduce ADNOC’s gas consumption by 156 MMcf/d, saving a total of USD1 billion by 2020.

The initiatives have already cut CO2 emissions by 3.1 MMt, the equivalent of 658,800 car journeys a year, compared with 2014 levels. Further cuts in emissions will occur over the next three years as additional operational efficiencies are introduced.

ADNOC’s energy efficiency plans were announced on the second day of the World Future Energy Summit (WFES), being held as part of the Abu Dhabi Sustainability Week (ADSW) Exhibition and Conference, at the Abu Dhabi National Exhibition Centre (ADNEC).

As part of the initiative, ADNOC will optimize energy use, consumption and performance, across a range of industry related activities, and upgrade systems to measure and report data for better energy planning across the organization.

"ADNOC’s commitment to energy efficiency has already brought significant tangible results," said Omar Al Suwaidi, Director of Gas Management at ADNOC Group. "These efficiencies are going to drive further cost savings and enable us to create maximum value from our gas resources. This will not only improve profitability, it will also enable ADNOC to achieve its strategic goal of meeting Abu Dhabi’s rising energy demand from domestic gas supplies."

As MRC informed earlier, ADNOC shut half the capacity at its 800,000 barrels-per-day Ruwais refinery after a fire in mid January 2017.

The Abu Dhabi National Oil Company or ADNOC is the state-owned oil company of the United Arab Emirates (UAE). According to the Oil & Gas Journal, as of January 2015, the UAE holds the seventh-largest proven reserves of oil in the world at 97.8 billion barrels. Most of these reserves are located in Abu Dhabi. It is the world's 11th largest oil company by production, standing at 3.1 million barrels per day.It is the UAE's biggest company.
MRC

Neste Jacobs NAPCON selected for Borealis PE2 plant distillation section

MOSCOW (MRC) -- Technology, engineering and project management company Neste Jacobs was selected to optimize the recovery area of Borealis Borstar PE2 plant in Porvoo, Finland with Neste Jacobs' NAPCON Controller solution, said Hydrocarbonprocessing.

The aim of optimization is to reduce energy consumption and production loss and enhance the plant operability.

"We are very proud to have this opportunity to deepen and develop our relationship with Borealis further. Neste Jacobs as an optimization partner is able to provide know-how of process technologies and has optimized performance of the PE2 plant's distillation section with minimum risks," said Jarmo Suominen, CEO of Neste Jacobs.

In this project the NAPCON Controller (real-time process control software) was first built on top of customer's process simulator, while the actual plant changes were undergoing. Once the process changes were ready, the NAPCON Controller was commissioned to the real process. This way the full financial benefits from the process control solution were achieved right after the plant start up.

Neste Jacobs has provided real-time solutions to multiple plants at Borealis.

As MRC informed earlier, Borealis AG and PAO Gazprom, the world's gas major, signed a Memorandum of Understanding. The document reflects the parties' interest in evaluating opportunities to develop joint gas chemical projects in Russia.

Borealis is a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers. With headquarters in Vienna, Austria, Borealis currently employs around 6,500 and operates in over 120 countries.
MRC

Linde Engineering names new CEO in North America

MOSCOW (MRC) -- Linde Engineering North America (LENA) announced the appointment of Jason Cooper as President and Chief Executive Officer (CEO), said Hydrocarbonengineering.

Mr Cooper, who has been with the Linde Group since 2008, has 22 years of experience at the domestic and international level in both owner/operator and engineering, procurement and construction (EPC) corporate environments.

Mr Cooper recently served as Managing Director of the company’s southeast Asia region. In his new role, he will work primarily from LENA’s office in Houston, Texas, US, but will maintain an ongoing presence throughout the company’s geographic footprint.

Dr Christian Bruch, Linde Group Executive Board, said: "We are pleased to name Jason Cooper as LENA’s President and CEO […] Jason has demonstrated clear results for Linde in numerous areas of the company and in several areas of our international footprint. We look forward to the executive leadership he will bring to LENA as the company explores growth opportunities. I would also like to thank Steve Bertone for his long-time dedication to Linde and his valuable contributions throughout his more than 33 years with the company."

Mr Cooper said: "I see great opportunities for LENA’s future […] We have a very talented team that have achieved some wonderful things over the years. Certainly there are opportunities and some challenges in the road ahead, but I know our employees at every level are committed to generating value for our customers. We will continue to push for strong collaboration with customers and partners, driving for innovative solutions and delivering successful projects."

As MRC informed earlier, in January 2016, Linde AG agreed with Gazprom to build a gas processing plant in eastern Russia.

The Linde Group is a world-leading gases and engineering company with around 62,000 employees in more than 100 countries worldwide.
MRC

Reliance expects sharp rise in operating profit from next financial year


MOSCOW (MRC) -- Reliance Industries reported a 3.6 per cent rise in its third quarter net profit after petrochemical margins made good a drop in its core refinery profits, said Reuters.

Net profit of Rs 7,506 crore, or Rs 25.4 a share, in October-December, was 3.6 per cent higher than Rs 7,245 crore, or Rs 24.5 per share, in the same period a year back, the company said in a statement.

RIL, the owner of world’s largest refining complex, earned USD 10.8 on turning every barrel of crude oil into fuel as compared to a gross refining margin (GRM) of USD 11.5 in third quarter of 2015-16 fiscal. Turnover was up 16.1 per cent at Rs 84,189 crore.

RIL Chairman and Managing Director Mukesh D Ambani said: "Our robust integrated platform, sound operational processes and business portfolio aligned to the needs of emerging India enabled us to deliver another record performance in challenging market conditions.

"The refining business has delivered eight consecutive quarters of double-digit GRMs, benefiting from the global demand for transportation fuels and improved product cracks."

As it was written earlier, Reliance Sibur Elastomers Private Limited (RSEPL), a joint venture between SIBUR and Reliance Industries Limited (RIL), announced plans for setting up South Asia’s first halogenated butyl rubber unit at RIL’s integrated petrochemical site in Jamnagar, India.

Reliance Industries is one of the world's largest producers of polymers. The company's polymer production in 2010-11 (polypropylene, polyethylene and polyvinyl chloride) made 4,094 kilo tonnes.
MRC