Axens to begin licensing Plastic Energy TAC process for advanced plastic recycling

Axens to begin licensing Plastic Energy TAC process for advanced plastic recycling

MOSCOW (MRC) -- Following the signature of the strategic partnership between Plastic Energy and Axens in 2021, Axens is pleased to announce that Plastic Energy’s TAC process has now been fully integrated into Axens’ technology portfolio, thanks to a hardworking collaboration between the technology experts at both Plastic Energy and Axens, said Hydrocarbonprocessing.

Plastic Energy’s advanced recycling technology will now be licensed by Axens. Axens will provide its customers with associated services that includes basic engineering, supply of proprietary equipment, and technical assistance for start-up and operation of the plant, leveraging the expertise of Plastic Energy at each step.

Axens may also deliver the licensed technology as a complete modular unit. Plastic Energy’s TAC process for plastic waste is a unique, patented and industrially proven advanced recycling technology, processing end-of-life mixed plastic waste into TACOIL, which can be used to create virgin-quality plastics. Plastic Energy and Axens are the exclusive licensors of the TAC process.

Axens can license Plastic Energy’s recycling technology either independently or combined with its Rewind Mix purification process. “This is a major milestone in the cooperation between Plastic Energy and Axens, allowing Axens to now deploy Plastic Energy’s recycling technology worldwide, answering the strong demand of the market for robust and proven technological solutions to industrially develop advanced recycling of mixed plastics waste” said Stephane Fedou, Vice-President Plastic Circular Economy of Axens.

“We are delighted to be able to move to the next phase of our strategic partnership with Axens in the licensing of our unique and patented advanced recycling technology. This will provide endless opportunities worldwide to recycle more plastic waste and to provide more food-grade post-consumer recycled content to the marketplace for incorporation into products and packaging.” said Carlos Monreal, Founder and CEO of Plastic Energy.

As per MRC, Borealis and Axens have recently signed a license agreement for the Rewind Mix process in order to purify and upgrade 50 KTA of pyrolysis oils produced from plastics wastes at the petrochemical plant of Borealis in Stenungsund, Sweden. The unit is planned to be in commercial operation in 2025, subject to FID, and will produce a virgin-like recycled feedstock to be further processed in the existing steam cracker unit for the production of recycled polymers, which could be used for food-grade packaging and other high-value applications.

Tupras selects Honeywell Ecofining Technology for biofuel production in Turkey

Tupras selects Honeywell Ecofining Technology for biofuel production in Turkey

MOSCOW (MRC) -- Honeywell announced that Tupras will license Honeywell UOP Ecofining technology to produce biofuels from feedstocks such as used cooking oil and waste animal fat at their refinery in Izmir, Turkiye, said Hydrocarbonprocessing.

The new Ecofining plant is being designed to convert approximately 8,300 barrels per day of waste feeds/feedstocks to SAF, renewable diesel, and other products. By utilizing the Honeywell Ecofining process, Tupras should realize a capital efficient and high yield solution, ideal for producing biofuels and petrochemical precursors from renewable feedstocks. SAF and renewable diesel have similar molecules to petroleum-based diesel and jet fuels and can be used as a drop-in replacement without engine modifications. In the case of SAF, it can be used in blends of up to 50 percent with the remainder as conventional (fossil based) jet fuel. Apart from SAF, Bio-naphtha and Bio - LPG are used in the production of plastics, specifically olefins that are building blocks for other chemicals and aromatics used to produce polyester and other packaging materials.

Depending on feedstock choice, renewable diesel and SAF, which are produced from the Ecofining process, are expected to result in a significant reduction in lifecycle greenhouse gas emissions compared to conventional diesel or aviation fuel from petroleum. Honeywell is an early pioneer in SAF production with its Ecofining technology, which has been used to produce SAF commercially since 2016.

Serdar Kemaloglu, Assistant General Manager at Tupras for Technical Affairs, said, “As Tupras, we have set out to become carbon neutral by 2050, as we expand into new sustainable business areas. A large portion of our investments will be allocated to new energy sources such as sustainable aviation fuels, green hydrogen and zero-carbon electricity. Biofuels will play a major role in the decarbonization of the industry. We aim to process 400,000 tons of bio feedstock by 2030, and triple our sustainable aviation fuel production capacity by 2035. We plan to become the largest SAF supplier in our country. In line with our future roadmap, Tupras selected Honeywell Ecofining technology to produce sustainable aviation fuel from plant and animal-based waste feedstocks because it produces high yields of high-value renewable products."

"This project is the first awarded in Turkiye and is significant because renewable fuels from waste feedstocks are the key to reducing the refining industry’s carbon footprint and meeting regulatory compliance. We, as Honeywell, are proud to be implementing this technology, which we pioneered, for the first time in our country, together with Tupras,” said Uygar Doyuran, Honeywell Turkiye, Israel & CA President.

As per MRC, Honeywell launched communications systems and bi-directional amplifiers (BDA) that cover the entire Public Safety spectrum, providing scalable solutions to support first responder emergency radio connectivity even in challenging environments. The new products also meet regulations of almost any jurisdiction or city.

As per MRC, Honeywell announced an Emissions Control & Reduction Initiative designed to help customers achieve carbon neutrality in a wide range of areas. The initiative will initially focus on helping oil and gas customers with upstream, midstream and downstream operations to monitor and reduce fugitive methane emissions, which are more than 25 times as potent as carbon dioxide at trapping heat in the atmosphere according to the Environmental Protection Agency.

Celanese sells USD7.5 bn of bonds to finance DuPont unit deal

Celanese sells USD7.5 bn of bonds to finance DuPont unit deal

MOSCOW (MRC) -- Celanese Corporation, a global chemical and specialty materials company, today priced USD7.5 billion in permanent financing for the acquisition of a majority of DuPont’s Mobility & Materials business (the “acquisition”), said the company.

The Company announced that its subsidiary, Celanese US Holdings LLC (the “Company”), has priced a registered offering (the “Offering”) of USD7.5 billion aggregate principal amount of notes of various maturities with interest rates ranging from 5.91% to 6.38% (the “Notes”). The Notes will be guaranteed on a senior unsecured basis by the Company and certain Celanese domestic subsidiaries, similar to prior issuances. The Offering is expected to close on or about July 14, 2022.

The Company simultaneously entered into a cross-currency swap to effectively convert USD2.5 billion of the US dollar denominated Notes into a euro-denominated borrowing at prevailing euro interest rates. The effective net borrowing rate to the Company will be approximately 5.6%, inclusive of the yield on the Notes and the beneficial impact of the currency swap.

"We are pleased to have secured a significant portion of the permanent financing for the M&M acquisition in this first window of opportunity,” said Scott Richardson, executive vice president and chief financial officer. “We were purposeful in securing an amount of debt that maintained competitive rates considering current debt market conditions. The cross-currency swap we simultaneously entered will help to align our currency mix with our anticipated global earnings while reducing our total borrowing cost. Looking to the future, we expect to have multiple windows and potential funding sources to secure the remaining financing, with flexibility depending on market conditions and the eventual timing to close the acquisition."

As MRC reported earlier, in H2, 2021, Celanese Corporation announced a force majeure (FM) in China for vinyl acetate monomer (VAM) shipments from its plant Nanjing, China. Celanese temporarily shut down its acetic anhydride and VAM production in Nanjing to comply with requirements of government departments in order to achieve dual energy consumption targets in the Jiangsu Province in 2021. Thus, its VAM plan with the capacity of 300,000 mt/year was shut on 17 September, 2021, and its resumed operations on 9 October, 2021.

Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Based in Dallas, Celanese employs approximately 8,500 employees worldwide and had 2021 net sales of USD8.5 billion.

GACL to expand its total caustic soda capacity

GACL to expand its total caustic soda capacity

MOSCOW (MRC) -- India’s Gujarat Alkalies & Chemicals Ltd (GACL) expects its total caustic soda capacity to reach more than 850,000 tonnes/year by year end from the current 412,500, said the company.

GACL expects to commission the caustic soda expansion project at its Dahej complex in western Gujarat state by October 2022, the source said. The expansion project will raise GACL’s caustic soda capacity at the site to 432,300 tonnes/year. from 259,050 tonne/year currently. The planned expansion was approved in 2019.

GACL initially expected to begin operations at the brownfield expansion project in the fiscal year ending March 2022. Meanwhile, the company also expects to fully commission a new 266,667 tonne/year caustic soda plant of its joint venture GACL-NALCO Alkalies & Chemicals Ltd (GNAL) by December 2022, the company source said.

The GNAL project at Dahej, is a joint venture project between state-owned firms GACL and National Aluminium Co Ltd (NALCO). In April, GNAL partially commissioned a 70,000 tonnes/year caustic evaporation unit which forms part of the greenfield caustic soda project. Once operational, the two caustic soda projects will help the company cater to domestic demand as well as export markets, the company source said.

As per MRC, Gujarat Alkalies and Chemicals Ltd (GACL) had earlier informed about updates on GACL-NALCO Alkalies & Chemicals Private Limited (GNAL), a Joint Venture Company between GACL and National Aluminium Company Limited (NALCO) formed to set up 800 TPD Caustic Soda Plant along with 130 MW Captive Power Plant at Dahej.
GNAL is a material subsidiary of the company.

Gujarat Alkalies and Chemicals Limited (GACL), incorporated in Mar 1973, is a state-owned chemical manufacturing unit. GACL is one of the largest producers of Caustic Soda in India, with a production capacity of over 1400 TPD at their two complexes eg. Dahej and Vadodara. GACL has also its subsidiary company viz. GACL-NALCO Alkalies and Chemicals Pvt. Ltd. (GNAL) putting up an 800 TPD Caustic Soda Plant together with 130 MW Thermal Power Plant (coal-based) at Dahej.

Air Products and VPI announced a joint agreement

Air Products and VPI announced a joint agreement

MOSCOW (MRC) -- Air Products, the world's largest hydrogen producer, and power generator VPI, are pleased to announce the signing of a joint development agreement to drive forward the "Humber Hydrogen Hub" or "H3", which seeks to develop a flagship 800MW low-carbon hydrogen production facility in Immingham, UK, said the company.

The majority of hydrogen produced would be used to decarbonize VPI Immingham's existing power production. The agreement was signed by Air Products Chief Operating Officer Dr. Samir J. Serhan and VPI Chairman Russell Hardy.

As the UK's largest industrial cluster, the Humber has the highest levels of industrial carbon dioxide (CO?) emissions. H3 would produce low-carbon hydrogen at large scale, combining market-leading hydrogen production, carbon capture technology and offshore CO? storage currently under development for the Humber region.

The majority of the low-carbon hydrogen would serve as a substitute fuel for VPI's existing third gas turbine power train. Additional low-carbon hydrogen would also be made available to other industrial users. Combined with deployment of post-combustion capture technology on trains 1 and 2 at VPI Immingham as part of the Humber Zero project, H3 would bring substantial decarbonization to the VPI combined heat and power facilities, saving over two-thirds of the emissions from its Immingham industrial site.

The H3 project looks to capture up to two million tonnes of CO? per annum and contribute to achieving Net Zero in the wider Humber industrial region by 2040.

As per MRC, Air Products and Gunvor Petroleum Rotterdam (GPR), a wholly-owned subsidiary of Gunvor Group (Gunvor), have signed a joint development agreement for an import terminal in Rotterdam, the companies said.The agreement responds to the accelerating demand for green energy sources to meet climate objectives and the need to diversify energy sources, with the import terminal expected to provide green hydrogen to the Netherlands in 2026, Air Products said.