Azelis strengthens R&PA presence in Turkey

Azelis, a leading global innovation service provider in the specialty chemicals and food ingredients industry, announces that it has signed an agreement to acquire 100% of the shares of Dagalt Kaucuk San. (Dagalt), a specialty chemicals distributor active in the Turkish rubber and plastics additives (R&PA) market, said the company.

The acquisition of Dagalt? strengthens Azelis’ R&PA footprint in Turkey. Dagalt’s extensive product portfolio strategically complements the Group’s lateral value chain in industrial chemicals, enhancing the offerings and technical expertise Azelis provides to customers.

Established in 1980, Dagalt has grown to be a leader in rubber and rubber additives in the domestic market. With 14 employees, Dagalt supports over 400 customers with products and expertise. CEO Sadik Dagalt will continue leading the business to ensure a smooth transition into Azelis.

The transaction expects to close at the end of the third quarter, after fulfilment of customary closing conditions.

As per MRC, Azelis, a leading global innovation service provider in the specialty chemicals and food ingredients industry, announces that it has reached an agreement to acquire 100% of the shares of Chemical Solutions Sdn Bhd (“ChemSol”), one of the leading distributors of raw materials in the Personal Care, Cosmetics and Household markets in Malaysia.

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Beijing SK Geo Centric has signed an agreement with Weixing Chemical to form a joint venture that will construct a new ethylene acrylic acid (EAA) manufacturing facility in China to respond to Asian demand, said Apic-online.

The joint venture plans to invest around KRW 290-billion to build a 40,000-t/y EAA unit in Lianyungang, Jiangsu Province. The plant is scheduled to be completed in the first half of 2025.

SK Geo Centric will hold a 60% stake in the new joint venture, while Weixing Chemical will hold the remaining 40% interest.

"We will preempt the demand in China and Asia through the only EAA manufacturing plant in China, said SK Geo Centric Chief Executive Na Kyung-soo.

We will actively utilize SK Geo Centric's technological prowess and marketing capabilities in Asia to strengthen our portfolio of high value-added chemical products and to be reborn as a global leader in the field of eco-friendly chemical materials.

SK Geo Centric currently has EAA production sites in Texas and Tarragona, Spain, which it acquired in 2017 through the acquisition of Dow's EAA business.

As per MRC, five major Chinese companies including two of the country's largest oil producers will delist from the New York Stock Exchange. Sinopec and PetroChina -- two of the world's biggest energy firms -- will apply for "voluntary delisting" of their American depositary shares, the companies said in separate statements. The Aluminum Corporation of China, also known as Chalco, as well as China Life Insurance and a Shanghai-based Sinopec subsidiary, announced similar moves on Friday.
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Oil major Shell said it had to cut output at its German Rhineland refining facility, which makes fuels, heating oil and petrochemicals, citing low Rhine levels that have made the transport of goods via the river more challenging, said Rueters.

"Due to the low Rhine water level we have reduced the capacity of Shell Energy and Chemicals Park Rhineland. The situation regarding supply is challenging but carefully managed," the company said in an e-mailed statement.

The company did not say to what level capacity of the site which can process up to 17 MMt of crude oil a year, or 345,000 bpd, had been cut.

Continued extremely low water levels on the Rhine have inflated freight rates as some ships are touching the riverbed even when empty, said Lars van Wageningen at shipping consultancy Insights Global.

The water level at the Rhine chokepoint of Kaub <WL-KAUB> near Koblenz was at 34 centimeters on Thursday, still near lows last seen in 2018. Vessels need about 1.5 meters to sail fully loaded.

As per MRC, Shell posted record results, with a USD11.5 billion second-quarter profit smashing the mark it set only three months ago, lifted by strong gas trading and a tripling of refining profit. Higher feedstock and utility costs and higher turnaround activities hit Shell’s chemicals earnings in the second quarter. Shell reported an loss attributable to shareholders for the business of USD158m.
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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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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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