MEGlobal nominates ACP for November 2021 at USD1,020 per tonne

MOSCOW (MRC) -- MEGlobal has announced its Asian Contract Price (ACP) for monoethylene glycol (MEG) to be shipped in November 2021, according to the company's press release.

Thus, on 15 October, the company said ACP for MEG would be at USD1,020/MT CFR Asian main ports for arrival in November 2021, up by USD140/tonne from the previous month.

The November 2021 ACP reflects the short term supply/demand situation in the Asian market.

As MRC reported earlier, MEGlobal announced its October ACP for MEG at USD880/MT CFR Asian main ports, up by USD10/tonne from September.

MEG is one of the main feedstocks for the production of polyethylene terephthalate (PET).

According to ICIS-MRC Price report, the situation in the Russian PET market was not generally changed last week.
There were virtually no free quantities of material in the spot domestic market. Most market players said the situation with the shortage of spot volumes would remain the same next month, and the balance of supply and demand in the Russian PET chips market would begin to recover, at best, in the end of the year.

MEGlobal is a fully integrated supplier of monoethylene glycol (MEG) and diethylene glycol (DEG), collectively known as ethylene glycol (EG).
MRC

MOSCOW (MRC) -- A fire at Kuwait's Mina al-Ahmadi oil refinery on Monday injured several workers but operations were unaffected, reported Reuters with reference to Kuwait National Petroleum Company's (KNPC) statement.

The atmospheric residue desulphurization (ARDS) unit where the fire broke out was isolated and the fire has been fully brought under control, the state refiner said.

A number of workers employed by a contractor suffered minor injuries and smoke inhalation, KNPC said. Some were treated on site while others were taken to hospital and are in stable condition, it said.

"The refinery operations and export operations were not affected and there has been no impact to local marketing operations and supplies to the electricity and water ministry," KNPC said on its Twitter account.

Last month, KNPC said it started full operation of a project to expand refining capacity and produce fuel that generates lower emissions, including expanding capacity at the Mina al-Ahmadi refinery to 346,000 barrels per day.

As MRC informed earlier, in November 2018, Kuwait Petroleum Co prepared a study to transform its al-Zour refinery into a commercial one to increase its profitability.

We also remind that Kuwait Olefins Co (TKOC) brought on-stream its cracker in H2 November, 2017, following a maintenance turnaround. The cracker was taken off-line in end-October 2017. Located at Shuaiba in Kuwait, the cracker has a ethylene production capacity of 850,000 mt/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.
MRC

MOSCOW (MRC) -- The October contract price of propylene was settled in Europe up by EUR25/tonne from the previous month. As a result, European producers raised their October contract polypropylene (PP) prices for the CIS countries. But the price increase was not proportional to the rise in monomer prices, according to ICIS-MRC Price report.

Negotiations over October export prices of European PP were over last week. All market participants said almost all European producers still had export restrictions on propylene copolymers. Producers also raised their export PP prices for October shipments. Propylene copolymers accounted for the greatest price increase, whereas prices of propylene homopolymer (homopolymer PP) grew slightly.

Deals for October shipments of homopolymer PP were done in the range of EUR1,600-1,680/tonne FCA, whereas last month's deals were done in the range of EUR1,1590-1,660/tonne FCA. Deals for block copolymers of propylene (PP block copolymers) were negotiated in the range of EUR1,850-1,900/tonne FCA, up by EUR15-50/tonne from the previous month.
MRC

MOSCOW (MRC) -- A new biojet fuel developed by energy group Eni was used for the first time on Friday to power Alitalia successor ITA as part of plans to cut carbon footprints, according to Hydrocarbonprocessing.

The sustainable aviation fuel (SAF), made from waste products and residues, will be produced at Eni refineries in Taranto and, early next year, in Livorno, Eni said in a statement.

SAFs are an alternative to traditional jet fuel considered more climate friendly since they help replace dirtier petroleum products while providing new uses for waste products.

Eni said production of its new biojet fuel was part of plans to double its bio-refining capacity of 1.1 MM tons per year by 2024, raising it to 5-6 MM tons per year by 2050.

Earlier this year, Eni pledged to fully decarbonise all its products and processes by 2050, in part by growing output from bio-refineries.

As MRC informed previously, in September 2021, Italian energy group Eni and Atlantia's airport unit Aeroporti di Roma (ADR) signed an agreement to develop biofuel for aviation to fight climate change.

As MRC reported earlier, Eni is evaluating conversion of its Livorno refinery in northwest Italy into a biorefinery, as part of the Italian company's wider strategy to make its activities more environmentally sustainable. Eni has already converted two of its Italian refineries and is looking to almost double its biorefining capacity to around 2 million mt/year by 2024, and expand this to at least five times by 2050, as part of its pledge to achieve complete carbon neutrality by 2050.

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.

Eni, abbreviation of Ente Nazionale Idrocarburi, in full Eni SpA, Italian energy company operating primarily in petroleum, natural gas, and petrochemicals. Established in 1953, it is one of Europe's largest oil companies in terms of sales.
MRC

MOSCOW (MRC) -- Technip Energies and Shell Catalysts & Technologies announce that their jointly developed improvements on the Cansolv CO2 Capture technology are being tested in a pilot plant campaign at Fortum Oslo Varme’s Waste to Energy plant, according to Hydrocarbonprocessing.

In response to the increased global interest in Carbon Capture & Storage, the technologists and engineers of Shell Catalysts & Technologies and Technip Energies are working closely to bring continuous improvements to the Cansolv CO2 capture system’s process design, efficiency and costs. These efforts are to ensure improved affordability and aid wide scale deployment of carbon capture solutions by their Clients.

The 3-month test campaign has been kicked off in August 2021 and will entail different test phases that will support the extension of the related improvements.

This is the second test campaign conducted by this collaboration. In the first campaign, the low volatility and amine emissions of the DC-103 solvent used in the process was demonstrated as well as its low absorption energy and solvent degradation.

Nick Flinn, General Manager Decarbonisation of Shell Catalysts & Technologies, commented:” Although we have been designing and operating capture facilities for many years, we continue to strive to lower the cost through continuous improvement and development. This can only be achieved through close partnerships with the owner, the engineering company and the technology provider. This collaboration with Fortum Oslo Varme and Technip Energies is a nice example of 3 companies working in lockstep to achieve a common goal: decarbonising in a cost-effective manner.”

Technip Energies and Shell Catalysts & Technologies are engaged in an alliance for the development and application of Shell’s high efficiency and commercially proven Cansolv CO2 capture system.

As MRC wrote before, Shell and BASF are collaborating to accelerate the transition to a world of net-zero emissions. To this end, both companies worked together to evaluate, de-risk, and deploy BASF’s Sorbead Adsorption Technology for pre- and post-combustion Carbon Capture and Storage (CCS) applications. The Sorbead Adsorption Technology is used to dehydrate CO2 gas after it has been captured by Shell’s carbon capture technologies such as ADIP Ultra or CANSOLV.

We remind that Royal Dutch Shell plans to reduce its refining and chemicals portfolio by more than half, it said in July 2020 without giving a precise timeframe. The move is part of the Anglo-Dutch company's plan to shrink its oil and gas business and expand its renewables and power division to reduce greenhouse gas emissions sharply by 2050.

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.

Royal Dutch Shell plc is an Anglo-Dutch multinational oil and gas company headquartered in The Hague, Netherlands and with its registered office in London, United Kingdom. It is the biggest company in the world in terms of revenue and one of the six oil and gas "supermajors". Shell is vertically integrated and is active in every area of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading.
MRC