Bio-attributed PVC Biovyn helps meet automotive customers demand for sustainable raw materials

Bio-attributed PVC Biovyn helps meet automotive customers demand for sustainable raw materials

MOSCOW (MRC) -- Continental has announced it has entered into an agreement with Inovyn to use Inovyn’s Biovyn, a bio-attributed PVC, to produce the technical and decorative surface materials it supplies to its automotive customers, said Sustainableplastics.

The agreement will help Continental to reduce its carbon footprint and meet customer demand for sustainable bio-based products. Biovyn, which is certified by the Roundtable on Sustainable Biomaterials (RSB), is a ‘drop-in’ product that is made from a 100% renewable raw material, thereby reducing dependency on fossil-based feedstocks. According to Inovyn, the production of Biovyn results in a reduction of greenhouse gas emissions by over 70% compared to conventional PVC production methods.

"Major automotive manufacturers are now demanding more sustainable raw materials such as biobased polymers,” said Dr. Dirk Lei?, who leads Continental's Surface Solutions business area. “With the fully bio-attributed PVC material, we meet these customers' demand, contribute to more sustainability and drive innovation of products at the same time."

Inovyn is the the first commercial producer of bio-attributed PVC, and, said Inna Jeschke, Business Unit Manager Polymers, has received considerable attention from all industries. "We look forward to working together with Continental on innovative solutions for a sustainable future."

We remind, Inovyn has announced the proposed closure of its sulphur chemicals plant at Runcorn Site, and its withdrawal from the UK sulphur chemicals market. The decision follows a detailed management review of the business in light of recent unforeseen events. In October 2020, an unexpected interruption to the third-party power supply to Runcorn Site resulted in the sulphur chemicals plant being taken offline. During a carefully controlled restart, it was identified that a number of critical plant components had suffered significant damage. As a result, to ensure the safety and integrity of the plant it was taken back offline.
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Honeywell finalizes engineering evaluation for PEC Aromatics project in Malaysia

Honeywell finalizes engineering evaluation for PEC Aromatics project in Malaysia

MOSCOW (MRC) -- Johor'Honeywell has completed the engineering assessment for Pengerang Energy Complex's (PEC) greenfield integrated condensate splitter and aromatics complex to be built in Johor, Malaysia, Bernama reported, said Apic-online.

The project, being developed by ChemOne Group, will include a 6.5-million-t/y facility with a processing capacity of 150,000 b/d of condensate plus side feed of naphtha, 2.3-million t/y of aromatics products, 3.9-million t/y of energy products and 50,000 t/y of hydrogen.

The facility is expected to be fully operational in 2026. PEC will utilize Honeywell UOP's latest generation LD Parex technology for the production of paraxylene.

"We are delighted to partner with our trusted colleagues at Honeywell UOP for this mega greenfield development," said the report quoting PEC Chief Executive Alwyn Bowden.

"With the petrochemical market set to pick up further, PEC is poised to deliver profitable growth while creating local employment and moving Malaysia further up the value chain in the petrochemical sector.

We remind, Shanghai Honeywell announced that China Tianying (CNTY) has selected the Honeywell UpCycle process technology to use in a new advanced plastics recycling plant to be built in Jiangsu Province, China. The facility, which will be the first commercialized waste plastics recycling facility using the UpCycle process in China, will convert mixed waste plastics into polymer feedstock. A schedule for the project was not given.
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Turkish re-refinery completes one year of operations

Turkish re-refinery completes one year of operations

MOSCOW (MRC) -- AYRAS and Sequoia announced the completion of one year of operations of TAYRAS’ state-of-the-art re-refining plant located in Osmaneli, Turkey, said Hydrocarbonprocessing.

The plant is capable of processing 60,000 metric tons per year of the waste oil into high quality API Group II+ base oil, meeting the most stringent specifications for sulphur, VI, volatility and even polyaromatic hydrocarbons concentrations. Sequoia designed, specified and supplied all process equipment for the used lubricating oil processing plant based on its vacuum distillation and hydrogeneration technologies. Sequoia has granted exclusive access to its technologies to TAYRAS for Turkey and its neighboring countries.

Mehmet Afsin, Chairman of TAYRAS’s Board said: "It is a great opportunity and challenge to bring a new re-refinery alive. Whilst supply and sales has been organized local, the international technology provided by Sequoia is the heart of the undertaking. Sequoia?s team did a great job by providing the core components on time in high quality. More important is the outstanding ongoing advice and cooperation with our young local employees. I thank Rohit and his staff and our dedicated team led by Ertugrul K?l?c for their enthusiasm and successful diligent work."

Rohit Joshi, Managing Director of Sequoia companies said: “This plant represents an important achievement for our dedicated team and I am grateful to Mehmet Afsin and his colleagues for this wonderful opportunity. I hope we have met their expectations. I also want to thank all of Sequoia employees who worked tirelessly through Covid period to meet our obligations to TAYRAS."

As per MRC, Fitch Ratings has revised its outlooks on Turkey’s major petrochemical producer Petkim and largest Turkish refiner Tupras to negative from stable. The move follows Fitch’s recent sovereign rating action that downgraded Turkey to 'B+', four notches below investment grade, with a negative outlook. Turkey is mired in an economic crisis that sent the official annual inflation figure to 49% at the end of January. The Turkish lira struggling to hold ground against the US dollar. The Turkish currency lost 44% of its value against the dollar in 2021.
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Industry asks court to quash Canadas single-use plastics ban

Industry asks court to quash Canadas single-use plastics ban

MOSCOW (MRC) -- A coalition of plastics companies has sued to block Canada's ban on six single-use plastic products, challenging Ottawa's decision to declare them "toxic" and prohibit them, said Sustainableplastics.

The Responsible Plastic Use Coalition, which includes some of North America's largest resin makers and processors, is asking a federal court to quash the ban, which was announced June 20, and order the government to convene a scientific panel to review the decision. "There is no credible evidence that any of the [plastics] are 'toxic,'" RPUC said in its lawsuit. "The ban was made despite a paucity of facts and evidentiary support about the nature and extent of the environmental contamination and harm arising from the SUPs single-use plastics."

But Steven Guilbeault, the minister of Environment and Climate Change Canada, said in an Aug. statement that he expects the government to prevail in the lawsuit, which is testing the ministry's 2021 decision to label plastics manufactured products "toxic" so they could be regulated under the Canadian Environmental Protection Act.

"While a handful of plastic companies try to stop our ban on harmful single-use plastics, we are going to keep fighting for the clean, healthy environment Canadians deserve," Guilbeault said. "We're going to stick to the facts, which show very clearly that plastic pollution is harming our environment and we need to act." The Canadian ban applies to single-use retail bags, cutlery, foodservice ware that's made from "problematic" or hard-to-recycle materials, ring carriers, stir sticks and straws.

Prohibitions on manufacturing and importing start to phase-in in December, with exports banned in 2025. Guilbeault called on Canada's plastics industry to support government plans for net-zero waste, including requiring plastic products to have at least 50 percent recycled content by 2030, limiting the "chasing arrows" symbol to products that Canadian recycling plants can "actually process" and creating a registry that would collect life cycle data on plastics.

In his statement, he also called for support for a legally binding global treaty on plastic pollution. Industry citesconflicts. But RPUC, which includes Nova Chemicals Corp., Berry Global Group Inc., LyondellBasell Industries and Dow Inc., said the government hasn't proven that plastic products are toxic under CEPA.

In a lawsuit filed July 15, it suggested the bar to regulation of plastic products under CEPA should be similar to that for drugs or guns. "The substance must pose a threat or danger, in the same way that Parliament regulates other threats or dangers to the public, peace, order, health and security such as the regulation of narcotics and firearms pursuant to its criminal law power," RPUC said.

It argued the ban could allow the same plastic container to be sold in a hardware store to package nails but be banned from being sold in a grocery store to hold food. "The same would not be true for other regulated manufactured items," RPUC said. "A firearm would not be safe for use in a restaurant, but unsafe in a hardware store."

The plastics companies, which also filed a related lawsuit last year challenging the "toxic" CEPA listing broadly, said the government must conduct a life cycle assessment of the environmental impact of alternatives to plastic. "Such an assessment would include an investigation of the impacts of manufacture, raw materials, treating or preventing effluent, transportation of substitute products, and new sources of alternatives to the SUPs that are to be banned," the plastics companies said.

"The [plastic companies] do not dispute that reducing plastic pollution is desirable, but doing so should not come at the cost of increased environmental damage," RPUC said. Industry groups have previously argued that the government should focus on helping to develop recycling technologies and building end markets for recycled plastic, and said they worried a "toxic" listing would scare off investment in the country.

As per MRC, Brenntag, the global market leader in chemicals and ingredients distribution, has become the exclusive distributor of Nouryon’s specialty polymers in the United State and Canada. As the sole distributor of Nouryon’s proprietary LumaTreat™ polymers, Brenntag can offer a portfolio including the patented LumaTreat™ smart-tagged polymers, Aquatreat™, Versaflex™, and Versa™ polymers which offer scale control and dispersancy.
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Brazils antitrust watchdog postpones decision on Petrobras refinery sale

Brazils antitrust watchdog postpones decision on Petrobras refinery sale

MOSCOW (MRC) -- Brazil's state-run oil company Petrobras said it has signed a contract to sell the REMAN refinery in the northern state of Amazonas for USD189.5 MM to Ream Participacoes S.A., a subsidiary of distributor Atem, said Reuters.

In a separate filing, however, the company formally known as Petroleo Brasileiro SA said it had failed to secure a buyer for the Abreu e Lima (RNEST) refinery after the interested firms declined to offer a bid. Petrobras said it would end the sale process, and analyze its next steps.

For the REMAN refinery, the second it has agreed to sell of eight that were put up for sale, Petrobras said it would receive USD28.4 MM upfront with the rest paid when the deal closes. The sale still needs to be approved by competition regulator CADE. Petrobras said it will continue to run the refinery until the deal is completed.

The REFAP, REGAP, LUBNOR, and SIX units are still trying to attract buyers, Petrobras said.

We remind, Petrobras' Brazil-listed shares jumped almost 7% on Friday, hitting a 12-year high, after the state-run oil company smashed quarterly profit estimates and announced a record dividend payment. The company announced a USD17 B dividend payout, the largest ever, sending the firm's shares up some 3.3% in intraday trade. After the market close, the firm posted a second-quarter profit of 54.33 B reais, well above analysts' estimates, buoyed by higher margins in its fuel business. The company was on track for its fifth straight day in the black, with accumulated gains this week coming to 16%.
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