Arkema is committed to the pursuit of the Sustainable Development Goals

MOSCOW (MRC) -- Arkema, which already endorses the UN Global Compact, is naturally committed to the pursuit, through its innovation, of the Sustainable Development Goals (SDGs) to contribute to this ambitious roadmap.
European Sustainable Development Week, as per compay's press-release.

Adopted in September 2015 by 193 countries within the United Nations, the UN’s 2030 Sustainable Development program aims to address the key economic, social and environmental challenges of our planet.

Accordingly, the plan’s 17 Sustainable Development Goals represent a universal roadmap to eradicate poverty, protect the planet, and guarantee the prosperity of all. Thus, governments, civil society and private sector are broadly invited to play a part in the program.

Arkema supports the UN Global Compact, endorsing its 10 guiding principles, which are among the founding values upon which its Corporate Social Responsibility (CSR) initiative is based.

In line with this approach, and with innovation at the heart of its CSR strategy, Arkema is committed, through its innovation platforms – bio-based products, new energies, water management, lightweight materials and design, electronic solutions, home efficiency and insulation – to the pursuit of the SDGs, by contributing more specifically to six of them.

Mold-tek Packaging to target food & FMCG sectors for IML containers

MOSCOW (MRC) -- The Hyderabad-based Mold-tek Packaging Ltd (formerly known as Moldtek Plastics Ltd), a manufacturer of injection moulded rigid plastic packaging containers, is aiming to expand its in-mold labelling (IML) containers business by focusing on fast-growth sectors such as food and FMCG, in addition to its traditional users such as lubes & paints manufacturers, said Business-standard.

Mold-tek claims to the first company in India to introduce in-mold labelling concept for decorating plastic containers using robots. IML enables photographic quality decoration with complete hygienic and hands free production of containers suitable for food & FMCG products.

"The company is moving into high-value added IML decorated containers for not only its traditional blue chip clients in paint & lube industry, but also increasing entry into food & FMCG industries, where IML is proved to be the best option for hygienic and food safety standard packaging,: commented J Lakshmana Rao, chairman & managing director, Mold-tek Packaging.

Mold-tek has started commercial supplies of IML containers for the new brand chocolates Dairy Milk Lickables recently launched by Mondelez. The company is also developing various new IML containers for other leading food & FMCG companies.

Mold-tek expects the contribution of food & FMCG sectors to overall turnover to increase considerably from the FY2017-18. “We expect it to reach around 16-18 percent next year from 6 percent in 2016-17," stated Rao.

The company will also set up plants at Vizag and Mysore for supplying pails (a bucket-shaped plastic containers) to the new plants of Asian Paints. Meanwhile, Mold-tek Packaging Ltd reported 12 percent increase in revenues in FY2016-17 to Rs 345 crore compared to Rs 308 crore in 2015-16. Similarly, net profit was up 12 percent to Rs 27 crores from last year’s Rs 24 crore.

PE imports to Kazakhstan rose by 15% in the first four months of 2017

MOSCOW (MRC) -- Imports of polyethylene (PE) into Kazakhstan grew in the first four months of 2017 by 15% year on year, totalling 35,200 tonnes. Shipments of all PE grades increased, reported MRC analytsts.

April PE imports to Kazakhstan rose to 9,200 tonnes from 8,500 tonnes a month earlier, local companies significantly increased their purchasing of low density polyethylene (LDPE). Overall PE imports totalled 35,200 tonnes in January-April 2017, compared to 30,600 tonnes a year earlier. Purchasing of all PE grades grew, with high density polyethylene (HDPE) accounting for the greatest increase.

The structure of PE imports by grades looked the following way over the stated period.

April HDPE imports to Kazakhstan went up to 7,600 tonnes from 7,200 a month earlier. Local companies further increased their PE purchasing in Uzbekistan. Thus, overall HDPE imports reached 26,100 tonnes in the first four months of 2017, up by 17% year on year.

Last month's LDPE purchasing by local companies grew to 1,400 tonnes, compared to 400 tonnes in March. Local companies were actively replenishing their inventories with Russian PE. Overall LDPE imports to Kazakhstan totalled 7,200 tonnes in January-April 2017, up by 8% year on year.

Purchasing of linear low density polyethylene (LLDPE) by local companies was 1,800 tonnes in the first four months of 2017, compared to 1,700 tonnes a month earlier.


Nexeo expands partnership with Wanhua Chemical

MOSCOW (MRC) -- The chemicals and plastics distributor Nexeo Solutions, Inc. and the Chinese PU raw materials manufacturer Wanhua Chemical Co., Ltd. have expanded their partnership to include the Northeast and Mid-Atlantic regions on ADI (aliphatic diisocyanates) for durable coatings, adhesives, sealants, elastomers and polyurethane markets, reported GV.

Nexeo Solutions has been representing Wanhua through the Southeast, Midwest and Southwest regions. The portfolio includes Wannate HMDI, HDI, HT (HDI trimer series), HB (HDI biuret series) and IPDI.

"We are pleased to expand our relationship with Wanhua, one of our strategic partners for the polyurethane industries. This will enhance our ability to bring quality products and solutions to our Northeast and Mid-Atlantic customers," said Joey Gullion, Nexeo Solutions Vice President of Specialty Chemicals.

"Our customers will benefit from Nexeo Solutions' service and logistics excellence and their complete line of urethane offerings," said Jon Palmer, Wanhua's Sales Manager.

As MRC informed before, in July 2016, Nexeo Solutions and DSM, a global science-based company active in health, nutrition and materials, announced their agreement to extend and further develop their existing partnership.

Nexeo Solutions is a leading global chemicals and plastics distributor, representing products from world-class producers to a diverse customer base. From product specification to sustainable solutions, the Company goes beyond traditional logistics to provide value-added services across many industries, including chemicals manufacturing, oil and gas, coatings, personal care, healthcare, automotive and 3D printing.

Unipec, Vitol set to supply Bangladesh with fuel in H2 2017

MOSCOW (MRC) -- Bangladesh Petroleum Corp has received offers from 11 companies for fuel supplies in the second half of the year, with Unipec and Vitol looking set to win the tender with the lowest offers on middle distillates and fuel oil, a BPC official said, as per Reuters.

Bangladesh Petroleum Corp was looking to buy up to 1.06 MMt of gasoil, jet fuel and fuel oil for second-half 2017 delivery in a tender that closed on May 16.

"As per weighted average, Unipec's offers are the lowest for both gasoil and jet fuel," said the official from Bangladesh Petroleum Corp (BPC).

"Unipec is supposed to win the tender for both gasoil and jet fuel, while Vitol will win the tender for fuel oil. We will finalize the deals by the end of this month after verifying all other details," the official said.

Unipec—trading arm of Chinese state oil major Sinopec—has offered to sell gasoil to Bangladesh at USD2.27 to USD2.47 a barrel premium to Middle East quotes versus other offers at USD2.47 to USD4.65, according to a document provided by a participant in the tender and seen by Reuters.

Unipec offered jet fuel for the second half period to Bangladesh at a premium of USD2.87 a barrel, the document said.

The offers are higher compared with an existing first-half 2017 contract Bangladesh has with Unipec in which gasoil was sealed below USD2.20 a barrel and jet fuel at USD2.76 a barrel.

As for fuel oil, Vitol had the lowest offer for the second-half 2017 contract at USD29.73 a barrel for June-December delivery versus other offers ranging from USD41.22 to $67.80.

Vitol's current contract with Bangladesh to supply fuel oil for January-June was inked at a premium of USD15.80 a barrel.

Others who took part in the Bangladesh tender, according to the document, include Trafigura, Glencore, Emirates National Oil Co, Sinochem, PTT PCL, Gulf Petroleum and Swiss Singapore.