CFN Kimya resumed EPS production in Turkey

CFN Kimya resumed EPS production in Turkey

MOSCOW (MRC) -- Turkey's CFN Kimya has resumed production of EPS after a scheduled overhaul at Gebkim, Turkey, Polymerupdate said.

The company shut this production facility with a capacity of 150,000 tonnes of EPS per year for scheduled maintenance works on 22 December.

Earlier it was reported that Ravago Group, a major European producer of petrochemical products, began planned turnaround at EPS production in Izmir (Izmir, Turkey). The company has postponed scheduled repairs at the plant with a capacity of 180,000 tonnes of EPS per year from 20 December, 2021 to 22 January, 2022.

According to ScanPlast by Market Report, in Russia, the estimated consumption of PS and styrene plastics in December last year amounted to 47,900 tonnes, which is 3% more than in December 2020. At the end of 2021, the estimated consumption of PS and styrene plastics in the country amounted to 563,420 tonnes, which is 12% higher than the consumption figure for the previous year (501,260 tonnes in 2020).

Cfn Kimya is based in Turkey, headquartered in Kocaeli. The company operates in the polymer production sector. The company was founded on 27 July, 2012.

NSRP to restart operations soon after major shareholders agreement to provide funding to the company

NSRP to restart operations soon after major shareholders agreement to provide funding to the company

MOSCOW (MRC) -- Nghi Son Refinery and Petrochemical (NSRP), Vietnam’s largest refinery, will no longer require a lengthy shutdown this February after major shareholders agreed to provide short-term funding to the company to settle the debts, according to CommoPlast with reference to media reports.

NSRP previously reduced its capacity utilisation to 80% in January due to financial difficulties.

Initially, te company was facing the threat of a lengthy shutdown owing to a shortage of crude supply.

As MRC reported earlier, on 26 January, 2022, state oil firm PetroVietnam blamed NSRP for the recent production cut. State media had reported PetroVietnam had failed to make an early payment under a "Fuel Products Offtake Agreement" (FPOA) with the refinery, causing financial difficulties for Nghi Son. But PetroVietnam, which owns 25.1% of the 200,000 barrel-per-day refinery in Thanh Hoa province, insisted it was not to blame.

As MRC wrote before, Vietnam’s Nghi Son oil refinery officially began commercial production from 14 November 2018, following months of tests. The USD9 billion refinery is 35.1% owned by Japan’s Idemitsu Kosan Co, 35.1% - by Kuwait Petroleum, 25.1% - by PetroVietnam and 4.7% - by Mitsui Chemicals Inc.

We remind that NSRP shut its new polypropylene (PP) plant in Vietnam for maintenance on 24 August, 2021, instead of the initially scheduled date of 17 August, for approximately three weeks. The company decided to postpone the maintenance shutdown at this plant by one week from the previous schedule due to the COVID-19 related lockdown. Thus, the new PP plant came back on-line in mid-September, 2021.

According to MRC's ScanPlast report, PP shipments to the Russian market were 1,363,850 tonnes in January-November, 2021, up by 25% year on year. Supply of homopolymer PP and block-copolymers of propylene (PP block copolymers) increased, whereas supply of injection moulding PP random copolymers decreased significantly.

Linde expands agreement with Celanese to provide decarbonization solutions

Linde expands agreement with Celanese to provide decarbonization solutions

MOSCOW (MRC) -- Linde announced it has expanded its existing agreement with Celanese Corporation, a global chemical and specialty materials company, and will begin supplying CO2 and hydrogen to the Celanese manufacturing facility in Clear Lake, Texas, said the Hydrocarbonprocesing.

Linde currently supplies oxygen, nitrogen and carbon monoxide to the Clear Lake facility. Under the terms of the expanded agreement, Linde will now also supply CO2 captured in its nearby carbon monoxide production facility. Celanese will use the CO2, plus hydrogen, as an alternative feedstock to produce methanol with a significantly lower carbon intensity in their Fairway Methanol LLC joint venture. By using the carbon dioxide captured from Linde's facility, the hydrogen supplied by Linde will also have a lower carbon intensity. Supply is expected to commence in the first half of 2023.

"Celanese is taking strategic steps aimed at reducing our operational impact globally, and the work we are doing with recycled CO2 at our Clear Lake facility is a significant step forward in our efforts to preserve the environment and be a responsible community partner," said John Fotheringham, Senior Vice President, Acetyls, Celanese. "By working with Linde, we expect to produce lower carbon intensity methanol with a high capital efficiency at a competitive cost."

"Linde's products and technologies can assist customers in finding ways to produce essential chemicals with a lower carbon intensity," said Jeff Barnhard, Vice President South Region, Linde. "By capturing the carbon dioxide from our production facility and providing this to Celanese for use in their process, we are helping them to reduce their carbon footprint while also lowering Linde's own carbon emissions."

Last March, BASF SE (Germany), Sabic (Saudi Arabia) and Linde (Germany) signed an agreement to develop electrically heated cracking furnaces. Steam crackers require a significant amount of energy to break hydrocarbons into olefins and aromatics. The reaction takes place at a temperature of about 850°C. Today, these temperatures are reached by burning fossil fuels. The project aims to reduce CO2 emissions by providing electricity to the process. Using electricity from renewable sources, the revolutionary technology will reduce CO2 emissions by 90%.

As per MRC, RusKhimAlliance (a parity joint venture between Gazprom and RusGazDobycha), which is implementing a project to build an ethane-containing gas processing complex (EPEG) in Ust-Luga, has agreed on strategic cooperation with Germany's Linde GmbH. In particular, the companies signed an agreement on strategic cooperation in the areas of deep processing and liquefaction of natural gas, gas chemistry, and the introduction of advanced technologies.

Rosneft and CNPC strengthen their cooperation

Rosneft and CNPC strengthen their cooperation

MOSCOW (MRC) -- During the visit of the delegation headed by the President of the Russian Federation Vladimir Putin to Beijing (PRC), negotiations were held between PJSC Rosneft Oil Company and China National Petroleum Corporation (CNPC) and the Agreement was signed on the supply of 100 million tons of oil to China through Kazakhstan for 10 years, said the company.

Crude oil will be processed at factories in northwest China to meet the country's needs for petroleum products. The Company's total supplies to China since 2005 amounted to 442 million tons of oil. Rosneft is the leading oil exporter to PRC, providing 7% of the country’s total demand in raw annually. Rosneft is also one of the leading suppliers of petroleum products to China. Since 2009, the Company has exported about 41 million tons of petroleum products.

Also during the visit, agreements were signed in the field of low carbon development, digitalization and technological cooperation. Energy cooperation of Rosneft with Chinese partners is integral, covering all business segments.

In Udmurtia there is a joint mining enterprise of Rosneft and Sinopec – Udmurtneft. Over the 15 years of joint work, the enterprise's production amounted to over 96 million tons, more than 1.2 thousand new wells were drilled, and the volume of development drilling increased 6.3 times. During this period, Udmurtneft began developing 10 new fields, and the total increase in recoverable reserves amounted to about 110 million tons of oil.

Beijing Gas Company owns 20% of the share of Vercknechonskneftegas (a subsidiary of the Company), which is engaged in the exploration and development of the Verkhnechonskoye field located in the Irkutsk Oblast, which is one of the largest in the Eastern Siberia. The cumulative production of the enterprise is more than 87 million tons of oil. In addition, Rosneft and Beijing Gas are planning to implement a project to develop a network of gas service stations in Russia.

Cooperation with Chinese partners is also actively being developed within the framework of the large-scale project the "Zvezda" Shipbuilding Complex, which is being implemented by the Consortium of companies headed by Rosneft.

Rosneft and CNPC are organizers of Russian-Chinese Energy Business Forum established by the instruction of the President of the Russian Federation Vladimir Putin and the President of the People's Republic of China Xi Jinping. The objective of this Forum is a development of the energy dialogue between Russia and China, increase in bidirectional commodity circulation, extension of the portfolio of joint projects, attraction of investments and funding of projects.

Also, Rosneft and CNPC cooperate within the Joint Coordinating Committee (JCC), which was established by companies to develop cooperation in a number of strategic areas: interaction in the exploration and development of oil and gas fields, oil refining and petrochemicals, trade in oil and oil products, scientific and technical research, training of personnel, as well as the implementation of promising projects in the field of supply and oil services. In November 2021 there was the fourth meeting of the JCC.

As per MRC, Rosneft Oil Company and China National Petroleum Corporation (CNPC) signed the Memo on Cooperation in the field of low carbon development. Within the visit of the delegation headed by the President of the Russian Federation Vladimir Putin to Beijing (PRC), PJSC Rosneft Oil Company and China National Petroleum Corporation (CNPC) signed the Memo on Cooperation in the field of low carbon development.

Rosneft is the world's largest public oil company. The company accounts for about 5% of global oil production, and its proven reserves in the international category will exceed 5 billion tons of oil equivalent. The structure of Rosneft includes the Angarsk Polymer Plant and Ufaorgsintez (part of the structure of Bashneft) after the closing of the deal to purchase Bashneft on October 12, 2016. The main shareholder of Rosneft is the state-controlled Rosneftegaz (50% plus one share), and the British BP owns another 19.75%.

Trinseo to begin construction of its new recycling plant in Belgium by late 2022

Trinseo to begin construction of its new recycling plant in Belgium by late 2022

MOSCOW (MRC) -- Trinseo, a global materials company and manufacturer of plastics and latex binders, is targeting to begin construction of its world-class chemical recycling plant in Europe by the end of 2022, said the company on its site.

The company announced that plans for this plant are progressing rapidly. In late 2021, Trinseo contracted with global technology provider Synova and global engineering services company Worley, and is currently working on an engineering package and preparing Trinseo’ s Tessenderlo, Belgium site for recycling operations.

The plant will be dedicated to recycled polystyrene (rPS), meeting increased demand for the material as brand owners seek sustainable options. It will process 15 kilotons of rPS flakes annually that will be converted into high quality recycled styrene to enable further production of polystyrene (PS) and/or a styrene derivative including Acrylonitrile Butadiene Styrene (ABS) and Styrene Acrylonitrile (SAN).

PS is one of the most widely used plastics and can be fully circular. Due to its simple chemistry, it can be converted to its monomer yielding a material with identical properties as its fossil equivalent.

“Trinseo chose Synova and Worley to move forward with because of their leadership in their respective areas, the efficiency and maturity of their technologies and approaches, and high-quality output,” said Francesca Reverberi, SVP and Chief Sustainability Officer. “Both, also, have a very strong commitment to sustainability and this alignment was critical for us as we continue our journey and goal of delivering sustainable material solutions, while maintaining high quality and performance.”

Besides being a founding member of Styrenics Circular Solutions and an active member of over 60 industry and trade associations globally, regionally and locally, Trinseo has been an advocate for mass balance processes, essential to providing sustainable plastics solutions. The company recently announced an offtake agreement for recycled styrene with recycler Indaver, the acquisition of recycler Heathland B.V., and the introduction of bio-attributed PS, ABS and SAN.

As MRC reported earlier, Trinseo raised its prices for all PS, ABS and SAN grades on January 1, 2021, as stated below:

- STYRON GPPS -- by EUR175 per metric ton;
- STYRON and STYRON A-Tech and STYRON X- Tech and STYRON C- Tech HIPS - by EUR175 per metric ton;
- MAGNUM ABS resins - by EUR155 per metric ton;
- TYRIL SAN resins - by EUR155 per metric ton.

According to ICIS-MRC Price report, in Russia, prices of Nizhnekamskneftekhim's GPPS are at Rb190,750-201,700/tonne, CPT Moscow, including VAT, in February, whereas HIPS prices are at Rb202,750-213,700/tonne CPT Moscow, including VAT. Prices of Penoplex's material to be shipped in February grew to the range of Rb209,000-211,000/tonne CPT Moscow, including VAT. Prices of Gazprom neftekhim Salavat's GPPS are at Rb190,500-199,000/tonne CPT Moscow, including VAT, in early February.

Trinseo is a global materials company and manufacturer of plastics, latex and rubber. Trinseo's technology is used by customers in industries such as home appliances, automotive, building & construction, carpet, consumer electronics, consumer goods, electrical & lighting, medical, packaging, paper & paperboard, rubber goods and tires. Formerly known as Styron, Trinseo completed its renaming process in 1Q 2015. Trinseo had approximately USD3.0 billion in net sales in 2020 and has 26 manufacturing sites and one recycling facility around the world and approximately 3,400 employees.