Tatneft joined the Top -10 of environmental efficiency rating

MOSCOW (MRC) -- Tatneft joined the Top -10 of environmental efficiency rating, said the company.

The environmental rating of the ERA agency assessed the fundamental efficiency of the production activities of companies. This rating reflects the ability of enterprises to operate with a low environmental impact, economical consumption of resources and energy, minimal losses of ecosystem stability in the area of presence of enterprises, with an increase in production per unit of resource costs and environmental reporting open to society.

The ranking identified 160 leaders in 16 groups based on technological similarities. 289 companies participated in the Oil and Gas Production and Pumping Group. When evaluating ERA, 5 criteria were used (energy resource, technological and ecosystem efficiency, efficiency dynamics and transparency). The transparency indicator of Tatneft was 91.6%.

Information transparency is an important factor in business sustainability. Tatneft publishes a sustainability report that meets the requirements of the GRI standards. By joining the UN Global Compact, the Company increases the level of integration into business processes of all aspects of sustainable development and continues to increase its contribution to the fight against climate change.

As per MRC, Tatneft intends to develop the production of composite materials. Currently, the development strategy of Tatneft's petrochemical complex projects is at the stage of updating, integrating a new project of the company for the production of butadiene rubbers in Kazakhstan and the recently acquired EcoPet plant (Kaliningrad) for the production of polyethylene terephthalate (PET). Within the framework of updating the strategy, Tatneft plans to pay great attention to "green" projects.

According to MRC's ScanPlast report, Russia's estimated PET consumption totalled 411,200 tonnes in the first six month of 2021, up by 12% year on year. Russian companies processed 62,910 tonnes in June, compared to 85,890 tonnes a month earlier.

JSC Tatneft is part of JSC Tatneftekhiminvest-holding, an industrial and financial company that unites the largest enterprises of the oil and gas chemical complex of Tatarstan. Tatneft accounts for over 80% of oil produced in Tatarstan. In 2013, the company increased oil production by 0.4% to 26.107 million tons. The main shareholder of Tatneft is the state holding OJSC Svyazinvestneftekhim, which owns 30.44% of the shares in the authorized capital of the company. Tatarstan owns the "golden share" of Tatneft.
MRC

MOSCOW (MRC) -- Asia's middle distillate markets firm on Friday, buoyed by a firming demand outlook and tighter regional supplies, said Hydrocarbonprocessing.

Recovering industrial demand due to easing COVID-19 restrictions and increased usage of the fuel for power generation on the back of high coal and gas prices are boosting the markets, trade sources said.

Rising natural gas and thermal coal prices are likely to see increased gas-to-oil switching, supporting demand for residual fuel oil and gasoil, ANZ Research said in a note.

ANZ analysts raised their fourth-quarter 2021 crude oil demand forecast by 450,000 bpd amid rising gas-to-oil switching in the power generation and industrial sectors and a continued recovery in demand for transportation fuels. The front-month gasoil time spread climbed to 72 cents a barrel, its highest since December 2019, Refinitiv data in Eikon showed.

Meanwhile, the front-month jet fuel crack firmed to USD12.32 a barrel over Dubai crude during Asian trading hours despite firming crude oil prices. The jet crack hit a near two-year high of USD13.50 a barrel on Wednesday.

Gasoil stocks held independently in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose 1% to 2.03 MM tons in the week ended Oct. 7, according to Dutch consultancy Insights Global.

The gasoil stockpiles, which hit a near 1-1/2 yr low in late-September, edged up slightly on the back of higher imports from the Middle East Gulf. ARA jet fuel inventories fell 6% this week to a near six-month low of 867,000 tons. Some jet fuel is being blended into winter-specification diesel, draining stocks. Jet coming from Russia, some product moving to Britain, some jet blended into winter spec diesel.

As per MRC, India is framing policies to promote the use of clean fuels, including electric vehicles (EVs), and tightening emission norms to meet its carbon reduction targets. India is the third-largest user of transport automobiles in the world but 70% of its transport energy need is fulfilled by importing fossil fuels.

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 1,396,960 tonnes in January-July 2021, up by 7% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market were 841,990 tonnes in the first seven months of 2021, up by 29% year on year. Supply of propylene homopolymers (homopolymer PP) and block-copolymers of propylene (PP block copolymers) increased, whereas supply of statistical copolymers of propylene (PP random copolymers) subsided.
MRC

MOSCOW (MRC) -- Brazilian state-run oil company Petrobras announced it will raise gasoline and cooking gas prices at the refinery starting on Saturday, at a time when high energy prices have been weighing on inflation, said Reuters.

According to Petroleo Brasileiro SA, as the company is formally known, gasoline prices will rise to 2.98 reais (USD0.5411) per liter from 2.78 reais, while cooking gas will go up to 3.86 reais per kg from 3.60 reais.

Petrobras said this marks the first adjustment to gasoline prices in 58 days and the first one for liquefied petroleum gas (LPG) in 95 days.

It added that the pricing changes come on the back of higher international oil prices and a stronger U.S. dollar.

Brazil’s consumer prices rose in September at the fastest pace for the month since 1994, with rising fuel and electricity prices largely to blame.

We also remind that Braskem is no longer pursuing a petrochemical project, which would have included an ethane cracker, in West Virginia. And the company is seeking to sell the land that would have housed the cracker. The project, announced in 2013, had been on Braskem's back burner for several years.

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 1,396,960 tonnes in January-July 2021, up by 7% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market were 841,990 tonnes in the first seven months of 2021, up by 29% year on year. Supply of propylene homopolymers (homopolymer PP) and block-copolymers of propylene (PP block copolymers) increased, whereas supply of statistical copolymers of propylene (PP random copolymers) subsided.

Headquartered in Rio de Janeiro, Petrobras is an integrated energy firm. Petrobras' activities include exploration, exploitation and production of oil from reservoir wells, shale and other rocks as well as refining, processing, trade and transport of oil and oil products, natural gas and other fluid hydrocarbons, in addition to other energy-related activities.
MRC

MOSCOW (MRC) -- Following the launch of Neste MY Renewable Diesel on the Belgian market in July, Neste has now entered a partnership with Q8 to offer the product on seven Q8 stations during this year., said Hydrocarbonproceesing.

Neste MY Renewable Diesel is a premium diesel?made entirely from renewable raw materials. It helps reduce the greenhouse gas (GHG) emissions by up to 90%* when emissions over the fuel's life cycle are compared with fossil diesel. The renewable diesel is a “drop-in” fuel, fully compatible with all diesel engines, not requiring any modifications to the existing vehicles or fuel distribution infrastructures.

Neste MY Renewable Diesel is from available at Q8?Zaventem/Nossegem, Q8 Mechelen Brusselsesteenweg and Q8 Rotselaar. By the end of this yr, 3 more locations will be added: Q8 Lokeren, Q8 E34 Ranst direction Turnhout and Q8 E42 in Verlaine. "These locations were chosen strategically in order to support the development of the market," explains Sven Dochez, Director Supply & Innovation at Q8. "And our ambitions do not stop here. If this offer is successful, we will extend the implementation in our network."

Expanding the availability of Neste’s renewable diesel significantly strengthens the presence of Neste in Belgium. "We are delighted to extend the availability of our renewable products in the Belgian market. This expansion is an important step in the implementation of our global growth strategy,” says Peter Zonneveld, Vice President Sales Renewable Road Transportation at Neste.

Neste and Q8 are convinced that all solutions are needed to reduce mobility emissions as a contribution to the European goal of achieving carbon neutrality by 2050. "We can do that in an instant with our Neste MY Renewable Diesel. Neste is committed to supporting to reduce greenhouse gas emissions by at least 20 MM tons CO2 equivalent annually by 2030,” says Peter Zonneveld.

As per MRC, Neste Corporation has signed an agreement to sell its existing base oils business to Chevron Corporation, one of the world's leading integrated energy companies. The agreement covers a combination of share and asset deals forming Neste's entire global base oils business. As part of the divestment, the parties have also agreed on a long-term offtake for Neste’s base oils supply from Porvoo, Finland.

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 1,176,860 tonnes in the first half of 2021, up by 5% year on year. Shipments of exclusively low density polyethylene (LDPE) decreased. At the same time, PP shipments to the Russian market were 727,160 tonnes in the first six months of 2021, up by 31% year on year. Supply of homopolymer PP and block-copolymers of propylene (PP block copolymers) increased. Supply of statistical copolymers of propylene (PP random copolymers) subsided.
MRC

MOSCOW (MRC) -- TotalEnergies SE plans to begin restarting the gasoline-producing fluidic catalytic cracker unit (FCCU) at its 225,500 barrel-per-day (bpd) Port Arthur, Texas, refinery by Oct. 14, said sources familiar with plant operation, said Hydrocarbonprocessing.

TotalEnergies did not reply to a request for comment. The 76,000-bpd FCCU shut down on Sept. 9 because of a boiler leak, forcing a shutdown of the entire refinery due to the loss of steam supply from the FCCU, the sources said.

Late last week, Total restarted the 40,000-bpd ACU-2 crude distillation unit (CDU) and its attached 51,000-bpd vacuum distillation unit-1 (VDU-1), according to the sources. Both units shut down on Sept. 9.

ACU-2 is the smaller of two CDUs at the refinery. The 150,000-bpd ACU-1 CDU and its attached 60,000-bpd VDU-2 as well as the 60,000-bpd coker are remaining shut for a planned overhaul scheduled to last about two months, the sources said.

CDUs do the initial breakdown of crude oil into feedstocks for all other units at the refinery. VDUs refine at vacuum pressure residual crude from the CDUs, which operate at atmospheric pressure. Cokers convert residual crude from distillation units into either motor fuel feedstocks or petroleum coke, a coal substitute.

Total has had a string of issues at its French refineries in recent years. The 240,000 b/d Gonfreville refinery near Le Havre only resumed crude runs in June following a fire at the end of 2019. Cracks in a pipeline that supplied crude to the 93,000 b/d Grandpuits refinery were discovered last year, forcing the plant to shut ahead of schedule. Grandpuits was already earmarked for conversion into a biorefinery. A previous pipeline leak shut the refinery in June 2014.

Leaks in the pipeline supplying Feyzin forced a three-week shutdown in the summer of 2019. And a crack was also found earlier this year in a pipeline that supplies crude to TotalEnergies' 222,000 b/d Donges refinery. Donges was shut on economic grounds at the time and is due to remain closed until next year.

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 1,396,960 tonnes in January-July 2021, up by 7% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market were 841,990 tonnes in the first seven months of 2021, up by 29% year on year. Supply of propylene homopolymers (homopolymer PP) and block-copolymers of propylene (PP block copolymers) increased, whereas supply of statistical copolymers of propylene (PP random copolymers) subsided.

Total S.A. is a French multinational oil and gas company and one of the six "Supermajor" oil companies in the world with business in Europe, the United States, the Middle East and Asia. The company's petrochemical products cover two main groups: base chemicals and the consumer polymers (polyethylene, polypropylene and polystyrene) that are derived from them.

MRC