MOSCOW (MRC) --OQ Chemicals (Monheim am Rhein, Germany), formerly Oxea, is showing its emphasis on sustainability as it has received ISCC certification under the ISCC Plus scheme for its German production sites and headquarters, according to CoatingsWorld.
International Sustainability and Carbon Certification (ISCC) is a globally recognized system for mass balance certifications, with a focus on the circular economy.
Customers can now procure ISCC Plus certified oxo intermediates and oxo derivatives out of Oberhausen and Marl. ISCC focuses on circular economy intending to ensure traceability of raw materials throughout the value chain and complies with the Renewable Energy Directive (RED) of the European Commission.
“With the ISCC Plus certification, we can now offer our customers an alternative to our fossil-based portfolio featuring the same quality and performance as conventional products. However, they contain a certain amount of sustainable feedstocks from sources such as biomass, biogenic wastes and residues, or renewables. Using the mass balance concept, we track the sustainability characteristics of our products and attribute them on the basis of a verifiable record-keeping audit trail. This supports our customers in producing their own ISCC Plus compliant products,” said Dr. Ina Werxhausen, responsible for sustainability management at OQ Chemicals. “The ISCC Plus certificates for our German sites are an important milestone on our path toward greater sustainability. The certificates apply to all products and processes in Oberhausen and Marl.”
As MRC wrote before, in September 2020, OQ Chemicals entered into an agreement to license its advanced proprietary technology for the production of ethylene and propylene derivatives to Duqm Refinery and Petrochemicals Industries Company (DRPIC) in Oman. DRPIC, a joint venture between Oman Oil Company and Kuwait International Oil Company, is a planned grassroots petrochemical complex at Duqm, Oman. In all, DRPIC awarded twelve license packages to international licensors.
Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 576,270 tonnes in the first three month of 2021, up by 4% year on year. Low density polyethylene (LDPE) and high density polyethylene (HDPE) shipments increased. At the same time, PP shipments to the Russian market totalled 410,890 tonnes in January-March 2021, up by 56% year on year. Supply of homopolymer PP and PP block copolymers increased.
OQ Chemicals, formerly Oxea, is a global manufacturer of oxo intermediates and oxo derivatives, such as alcohols, polyols, carboxylic acids, specialty esters, and amines. These products are used for the production of high-quality coatings, lubricants, cosmetics and pharmaceutical products, flavours and fragrances, printing inks and plastics. OQ Chemicals is part of OQ, an integrated energy company that delivers sustainability and business excellence. OQ operates in 16 countries and covers the entire value chain from exploration and production to the marketing and distribution of its products.