Polynt hikes prices for composite products in Europe

MOSCOW (MRC) -- Polynt Composites, which specializes in the manufacture of unsaturated polyester resins, vinyl esters, gelcoats, and derivatives, has announced a further price increase for its entire range of its composite products, according to MaterialsToday.

The nominated price increase of EUR250/metric ton (USD297/metric ton) is effective as of 10 April 2021 or as contracts allow.

‘The escalation of the prices of the main raw materials in Europe is continuing as a consequence of the production and logistical disruptions recorded in recent weeks,’ the company said. ‘Polynt Composites will continue to make every effort to limit the impact of these rising costs upon product pricing.’

Polynt has announced a series of price increases in the first three months of 2021 due primarily to rising raw material costs.

As MRC informed previously, in early March, 2020, Polynt announced that all its sites and activities in Italy were running smoothly and according to plan, despite the news about the Italian situation related to the spreading of the coronavirus in the country.

Polynt runs two maleic anhydride (MA) plants in northern Italy, including Bergamo’s 36,000 tonne unit in Lombardy and Ravenna’s 60,000 tonne plant on the east coast. The bigger production line at Ravenna had been operating at a reduced rate since March 2019 due to technical issues, the firm previously said. A new reactor ordered is expected to be operational in 2021. Polynt also produces phthalic anhydride at Bergamo and its San Giovanni Valdarno site, as well as plasticizers at San Giovanni Valdarno.

Maleic anhydride is a feedstock for the production of tetrahydrofuran, tetrahydrophthalic anhydride, films and synthetic fibers, pharmaceuticals, detergents, plasticizers, maleic, succinic, fumaric and malic acids and a number of chemicals for agriculture.

Plasticizers are substances introduced into a polymeric material to give it elasticity and plasticity during processing and operation. In particular, plasticizers are used to produce polyvinyl chloride (PVC). The share of plasticizers used for the production of PVC products is about 80%.

According to MRC's ScanPlast report, Russia's estimated consumption of polyethylene terephthalate (PET) increased in January 2021 by 3% year on year. Thus, January estimated PET consumption in Russia totalled 57,420 tonnes.

AOC raises prices for polyester resin and epoxy vinyl ester range in EMEA

MOSCOW (MRC) -- AOC Resins (Collierville, Tennessee) says that it has made a price increase for its entire unsaturated polyester resin (UPR) and epoxy vinyl ester (VE) range sold in Europe, Middle East and Africa (EMEA) on tight supply of key feedstocks and higher delivery and packaging costs, according to MaterialsToday.

The price increase of EUR300 per ton will take immediate effect for all new orders or as soon as contracts allow and is in addition to the increases that were previously announced.

‘The availability of key raw materials from our contract suppliers has been severely hampered and we are continuing to have to resort to other, more expensive, sources,’ said Fons Harbers, vice president. ‘Also logistics and packaging costs have been increasing steadily. This leaves us no choice but to raise the prices of our products further as a result, realizing that supply can continue to be somewhat irregular given these additional supply routes.’

As MRC informed earlier, in October 2020, AOC, Kaprain and Spolchemie announced they had reached agreement on AOC acquiring the Unsaturated Polyester Resin (UPR) manufacturing operations located at the Spolchemie site in Usti nad Labem (Czech Republic). This footprint extension will allow AOC to further improve service and logistics to its customers in Central/ Eastern Europe as well as in Germany, and will make new products (e.g. based on recycled PET) available for customers around Europe.

According to MRC's ScanPlast report, Russia's estimated consumption of polyethylene terephthalate (PET) increased in January 2021 by 3% year on year. Thus, January estimated PET consumption in Russia totalled 57,420 tonnes.

INOVYN to withraw from UK sulphur chemicals market by closing its sulphur chemicals plant at Runcorn

MOSCOW (MRC) -- INOVYN has announced the proposed closure of its sulphur chemicals plant at Runcorn Site, and its withdrawal from the UK sulphur chemicals market, as per the company's press release.

The decision follows a detailed management review of the business in light of recent unforeseen events.

In October 2020, an unexpected interruption to the third-party power supply to Runcorn Site resulted in the sulphur chemicals plant being taken offline. During a carefully controlled restart, it was identified that a number of critical plant components had suffered significant damage. As a result, to ensure the safety and integrity of the plant it was taken back offline.

Since then, and despite significant effort and investment to rectify these issues, it has become clear that it will not be possible to safely restart the plant for at least a further 18-24 months.

This extended outage affects INOVYN’s ability to supply its customers and means that it will not be in a position to continue to produce sulphur chemicals for the UK chemicals market. Regrettably, the Company is therefore left with no option but to keep the plant offline and effect a permanent closure of the sulphur chemicals business.

There is no impact on other operations at Runcorn Site.

Inovyn’s operations at Runcorn are focused mainly on the production of chlorine, caustic soda, and chlorinated derivatives, according to its website. The site has one of the largest membrane electrolysis units in Europe. Chemicals produced there are sold into a variety of industrial applications across sectors including water, building and construction, electronics, and pharmaceuticals, it says.

As MRC reported earlier, in October 2019, INOVYN conducted maintenance works at its polyvinyl chloride (PVC) plant at its Jemeppe Site, Belgium. According to the company’s website, the Jemeppe site is one of the largest PVC production capacities in Europe with 420,000 tons/year of material supplied to key sectors including building, automotive and piping.

According to MRC's ScanPlast report, Russia's overall PVC production reached 259,400 tonnes in the first three months of 2021, down 3% year on year. All producers reduced their output over the stated period.

Headquartered in London, INOVYN is Europe’s leading producer of vinyls and in the top three worldwide. With an annual turnover of EUR3.1 billion, INOVYN has circa 4,200 employees and manufacturing, sales and marketing operations in 8 countries across Europe.

Neste plans to reduce business travel emissions

MOSCOW (MRC) -- Neste and Finnair are joining forces to reduce carbon emissions related to Neste employees’ business travel by using Sustainable Aviation Fuel (SAF), said Hydrocarbonprocessing.

Neste has recently made 300 tons of Neste MY Sustainable Aviation Fuel™ available at Helsinki Airport in Finland for Finnair’s use. By replacing a part of the fossil jet fuel with SAF on its flights departing from Helsinki Airport, Finnair will reduce its greenhouse gas emissions by 900 tons of CO2 equivalent. This represents a significant share of the emissions accumulated from Neste employees’ global air travel in 2020.

The collaboration contributes to the climate commitments Neste made in 2020, including a commitment to reduce and compensate emissions from its employees’ business travel through the use of the company’s own sustainable aviation fuel. Finnair is a strategic partner for Neste, and also one of the most frequently used airlines for business travel by Neste’s employees. Finnair’s target is to become carbon neutral by 2045, and to halve its net CO2 emissions by the end of 2025.

The collaboration between Neste and Finnair also serves as a showcase for other businesses, since it offers a clear solution on how to reduce business air travel emissions. Neste’s aim is to make this solution available for businesses, public institutions and other organizations with ambitious climate commitments.

As part of the pilot project, Neste has arranged to supply altogether 500 metric tons of SAF in Europe and North America to the airlines most frequently used by Neste employees on their business travels. The volume already provided for Finnair’s use is included in the total.

Replacing fossil jet fuel with such an amount of Neste MY Sustainable Aviation Fuel has been calculated to cut greenhouse gas emissions by up to 1,500 tons CO2 equivalent when all the emissions over the life cycle of the fuels are taken into account and compared. The emission savings correspond to the total estimated emissions that resulted from Neste employees’ business air traveling globally in 2020.

Neste will continue to reduce the emissions from its employees’ corporate traveling each year with its SAF-based solution. The volumes of SAF needed to cut the corresponding emissions are expected to increase post the COVID-19 pandemic; hence, the company continues to consider all alternatives to reduce its own emissions and those related to its value chains.

As MRC informed previously, Neste has recently announced that it would acquire Bunge Loders Croklaan's refinery plant in Rotterdam, the Netherlands. The refinery plant is located next to Neste’s existing biorefinery and it consists of a pretreatment facility, tank farm, jetties and has a pipeline connection to Neste’s site. The acquisition has been approved by regulatory authorities, and the transaction has been completed on 1 March 2021. The transition of operations and employees will be implemented in phases with the refinery plant’s full and modified pretreatment capacity available for processing Neste’s feedstock by the end of 2024.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 241,030 tonnes in January 2021 versus 217,890 tonnes a year earlier. Only shipments of low density polyethylene (LDPE) and high density polyethylene (HDPE) increased. At the same time, PP shipments to the Russian market reached 141,870 tonnes in January 2021 versus 123,520 tonnes a year earlier. Supply of homopolymer PP and PP block copolymers increased.

Honeywell UOP is a leading international supplier and licensor of process technology, catalysts, adsorbents, equipment, and consulting services to the petroleum refining, petrochemical, and gas processing industries. Honeywell UOP is part of Honeywell’s Performance Materials and Technologies strategic business group, which also includes Honeywell Process Solutions, a pioneer in automation control, instrumentation and services for the oil and gas, refining, petrochemical, chemical and other industries.

USA plans to invest in the market of advanced green energy technologies

MOSCOW (MRC) -- U.S. President Joe Biden’s vast plan to modernize the nation’s infrastructure includes hundreds of billions of dollars to boost the market for electric vehicles, renewable power and advanced clean energy technologies, while stripping away subsidies for fossil fuels, said Hydrocarbonprocessing.

That makes the USD2 trillion infrastructure blueprint one of the administration’s biggest steps to date in achieving its agenda to decarbonize the U.S. economy by 2050 and restore the nation’s leadership in addressing global warming. While much of the package is aimed at traditional infrastructure goals like rebuilding roads and bridges, about a third, or USD628 billion, is linked to climate, according to an estimate by investment firm Raymond James.

The proposals, which must still be debated and approved by Congress before becoming reality, drew cheers from the renewable energy industry and some environmentalists, along with criticism oil and gas drillers. “President Biden’s infrastructure proposal is a significant step in meeting our collective clean energy goals,” Solar Energy Industries Association Chief Executive Abigail Ross Hopper said in a statement.

The American Council on Renewable Energy said the plan “will move the clean energy sector beyond the endless cycles of temporary stopgap incentives.” The American Petroleum Institute, which represents the country’s biggest oil and gas companies, said the plan would “undermine the nation’s economic recovery and jeopardize good-paying jobs."

Among the biggest climate-related provisions, the plan includes USD174 billion in investment to “win the EV market” by spurring domestic supply chains and giving consumers rebates to buy electric cars. It also delivers a key win for wind and solar project developers with a proposal to extend the industry’s key tax credits by a decade, far longer than the timelines the subsidies have enjoyed in the past. By contrast, it would strip away billions of dollars’ worth of subsidies available to fossil fuels producers, mainly in the form of tax breaks.

As per MRC, Clermont-based company Carbios signed an agreement with Equipolymers which should host, at its site in Schkopau (Germany), a unit that will produce 40,000 tonnes of recycled PET each year. In March, Carbios and Equipolymers, a subsidiary of Equate Petrochemical, signed a “ non-exclusive and non-binding agreement in the form of a Letter of Intent ”. If confirmed, Equipolymers, “ European leader in PET production ”, will host a unit at its Schkopau (Germany) site that will produce 40,000 tonnes of recycled PET each year using the enzymatic process developed by Carbios.

According to MRC's ScanPlast, the estimated PET consumption in Russia in January 2021 increased by 3% compared to the same indicator a year earlier. In total, according to the results of the first month of the year in Russia, the total estimated consumption of PET amounted to 57,420 tonnes.