Russian oil imports to the UK dry up for first time on record: official data

Russian oil imports to the UK dry up for first time on record: official data

MOSCOW (MRC) -- The UK imported no crude oil or refined products from Russia in June for the first time on record, according to UK trade data, following phased sanctions on imports of Russian oil over the invasion of Ukraine, said S&P.

As a result of the UK's phase-out of Russian oil and gas imports, there were no flows of refined oil, crude, gas or coal, coke and briquettes from Russia in June, the Office for National Statistics said. The UK government said early March the country would phase out Russian oil imports by the end of 2022 and end imports of Russian liquefied natural gas "as soon as possible" thereafter.

Prior to Russia's Feb. 24 invasion of Ukraine, it was the UK's largest supplier of refined oil in 2021, accounting for 24.1% of all imports, also supplying 5.9% of the UK's crude oil imports, and 4.9% of the UK's gas imports. For the 12 months to February 2022, the value of Russian fuel imports had averaged GBP499 million (USD589 million), according to ONS data.

The value of crude imports averaged GBP105 million over the same pre-war period, with gas imports averaging GBP95 million and coal and coke GBP18 million, it said.

While imports of Russian oil are allowed during the sanctions phase-in period, businesses have been encouraged to secure oil from alternative sources. As a result, the UK's imports of refined products from Belgium, Kuwait, the Netherlands and Saudi Arabia rose in recent months, according to ONS data.

The US, Norway, Guyana, and Angola were the biggest suppliers of additional crude to the UK in June compared to pre-war levels, the data showed, with a combined additional value of GBP1.04 billion.

For oil products, Saudi Arabia was the biggest additional supplier in June to the UK compared to pre-war levels, with Belgium, the UAE, South Korea, and the Netherlands leading other countries supplying additional imports.

As per MRC, Many global oil traders and banks have stopped dealing with Indian refiner Nayara Energy, a Rosneft affiliate, as they are worried about Western sanctions over Russia's invasion of Ukraine. Nayara per se has not been sanctioned as part of the international response to what Russia calls its "special military action" against Ukraine but sanctions are in place against Rosneft. The Russian energy giant owns about 49% of Nayara which is India's second-largest private refiner, while Kesani Enterprises Co Ltd, a consortium led by Trafigura Group and Russia's UCP Investment Group, holds 49.13%.
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Indorama Ventures committed to science-based targets, contributing to net-zero global emissions by 2050

Indorama Ventures committed to science-based targets, contributing to net-zero global emissions by 2050
MOSCOW (MRC) -- Indorama Ventures Public Company Limited (IVL), a global sustainable chemical company, announced its commitment to science-based targets by the Science Based Targets initiative (SBTi) to help drive its ambitious sustainability programs, said the company.

The company will also participate in the SBTi Expert Advisory Group for the chemicals industry. SBTi is a collaboration between CDP, the United Nations Global Compact, the World Resources Institute, and the World Wide Fund for Nature to help businesses set emissions reduction targets based on the most recent climate science. IVL has committed to science-based targets under its purpose of “Reimagining chemistry together to create a better world” which aims to reduce global warming in line with the 1.5°C Paris Climate Agreement.

Under its Vision 2030 ambition, Indorama Ventures aims to build on its global industry leadership in sustainability, including by reducing GHG intensity by 30% and increasing renewable electricity consumption to 25%. Green projects are helping the company to achieve its operational efficiency targets, increase its use of renewable energy (especially renewable electricity – both onsite generation and offsite procurement through power purchase agreements), implement new decarbonization technologies including carbon capture, introduce bio-feedstock to its petrochemical value chain, and expand its PET recycling capability.

To meet its targets, IVL recognizes the importance of collaboration between the public and private sectors to decarbonize its operations through a variety of strategies. The established targets help its customers and suppliers to achieve their own sustainability goals, particularly their science-based targets.

As per MRC, Indorama Ventures, a global sustainable chemical company, has entered into a non-binding agreement with Capchem Technology USA to study the opportunity to build and operate a world-class lithium-ion battery solvents plant at one of IVL’s petrochemical facilities in the U.S. Gulf Coast.

Indorama Ventures Public Company Limited, listed in Thailand, is one of the world’s leading petrochemicals producers, with a global manufacturing footprint across Europe, Africa, Americas, and Asia Pacific. The company’s portfolio comprises Combined PET, Integrated Oxides and Derivatives, and Fibers. Indorama Ventures products serve major FMCG and automotive sectors, i.e., beverages, hygiene, personal care, tire, and safety segments. Indorama Ventures has more than 26,000 employees worldwide and consolidated revenue of USD14.6 billion in 2021.
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Technip Energies and Agilyx announce the launch of chemical recycling of polystyrene

Technip Energies and Agilyx announce the launch of chemical recycling of polystyrene

MOSCOW (MRC) -- Technip Energies and Agilyx announced today the launch of the TruStyrenyx™ brand, the only all-in-one solution for the chemical recycling of polystyrene, said the company.

TruStyrenyx™ combines Agilyx’s pyrolysis process and Technip Energies purification technology, yielding a recycled styrene monomer with exceptional high purity. Styrene monomer is used to make numerous plastics and other polymers. It is one of the three primary components of ABS (acrylonitrile-butadiene-styrene), can make the pure polymer polystyrene, and is an ingredient in various synthetic rubbers.

This launch follows successful results from pilot plant testing conducted on difficult to recycle waste polystyrene, including flame retardant laden waste polystyrene. Recycled styrene monomer from the pilot plant meets American Society for Testing and Materials (ASTM) standards for styrene monomer and is greater than 99.8 wt% purity. Flame retardants contain halogens, which are known to be difficult impurities for current polymer production processes. The pilot plant has successfully shown that the resulting halogen concentration in the styrene monomer product is below available detection limits.

Technip Energies and Agilyx announced their partnership in June 2021, leveraging Agilyx conversion technology and Technip Energies purification process.

We remind, Technip Energies has been awarded a significant contract by Neste for the expansion of their renewable products production capacity in Rotterdam, the Netherlands, as part of the existing Partnership Agreement between Technip Energies and Neste. The contract covers Engineering, Procurement services and Construction management (EPsCm) for the expansion of Neste’s existing renewables refinery in Rotterdam which will increase Neste’s overall renewable product capacity by 1.3 MMtpy.
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INEOS Styrolution introduces new extrusion ABS product

MOSCOW (MRC) -- INEOS Styrolution, the global leader in styrenics, has today announced the introduction of an extension to its high-performance Novodur® line of specialty ABS products, said the company.

The new Novodur E3TZ is an extrusion grade that is a suitable for a variety of applications including food trays, sanitary applications and suitcases.

INEOS Styrolution’s Novodur family of ABS specialty products has been developed to offer a range of product properties making the various grades the material of choice for many applications across multiple industries. Properties like high impact strength, chemical resistance, high gloss and food contact compliancy make Novodur grades also a very attractive solution for many healthcare applications. Novodur grades are known for good flowability allowing for easy processing.

The new Novodur E3TZ is no exception. It offers good thermoforming properties and in particular high melt strength, good impact strength as well as higher ESCR. The fact that it complies with FDA food contact regulations makes it an ideal material for a broad range of applications including fridge liners. It offers the additional benefit of cost reductions due to the production of thinner walls.

Philipp Deitmerg, Commercial Product Manager Novodur, says: “The Novodur E3TZ extrusion grade is a complementary extension to the existing Novodur product family. I am excited about this new product especially after having seen the very positive initial reaction of our customers."

We remind, INEOS Styrolution, the global leader in styrenics, has announced that its sustainable mechanically recycled ECO grades have received RecyClass certification. The Recycled Plastics Traceability certification, which is valid for Terluran ECO MR as well as Novodur ECO MR grades, confirms the post-consumer origin of the waste used in the production of the respective products.

INEOS Styrolution is the leading global styrenics supplier, with a focus on styrene monomer, polystyrene, ABS Standard and styrenic specialties. With world-class production facilities and more than 90 years of experience, INEOS Styrolution helps its customers succeed by offering solutions, designed to give them a competitive edge in their markets.
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Recycled ABS grades from Ineos earn RecyClass certification

Recycled ABS grades from Ineos earn RecyClass certification

MOSCOW (MRC) -- Styrenics producer Ineos Styrolution has obtained RecyClass certification for its sustainable mechanically recycled ECO grades, the company announced.

Both its Terluran ECO MR and Novodur ECO MR grades have now earned Recycled Plastics Traceability certification, confirming the post-consumer origin of the waste used in the production of the respective products and guaranteeing the origins and traceability of recycled material. This is founded on the percentage-based recycled content calculation approach that is verified throughout the entire value chain and ensured via the Chain of Custody ISO 22095 as well as the Recycled Plastics EN 15353:2006 standards, on which the certification is based. The transparency of the scheme is additionally warranted via the system of the third-party certification audits.

Ineos’ Terluran ECO GP-22 MR50 and MR70 incorporating 50% and 70% recycled content, respectively, provide a drop-in solution for existing ABS applications and represent a significant step forward towards a circular economy. A selection of applications made from these mechanically recycled Terluran ECO materials will be exhibited at Ineos Styrolution’s booth at the K show in Dusseldorf in October, said Louie Mackee, Commercial Product Manager for Sustainable Products.

The company’s speciality Novodur ABS solutions come in a range of colours, as do their ECO MR counterparts. A product for self-colouring is available as well. Offering plug-in solutions, these Novodur grades are available with a 30% to 70% post-consumer mechanically recycled content; the individual grades come with a significantly reduced product carbon footprint of up to 57%.

We remind, INEOS Styrolution, the global leader in styrenics, has announced the introduction of an all-new product portfolio dedicated to polymer modification. The new product lines are addressing the need of compounders and extruders to enhance the properties of polymers and allow for improved processing. Smaller volumes of the new products are available via focused and very experienced distribution partners.
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