Henkel Korea Inaugurates Production Facility for Electronics Solutions in Korea

Henkel Korea Inaugurates Production Facility for Electronics Solutions in Korea

MOSCOW (MRC) -- Henkel Korea has completed work on its Songdo Plant, a production facility for electronics solutions in Korea, said Process-worldwide.

The project is expected to become the firm’s production hub in the Asia-Pacific region for high-impact electronics solutions.

Incheon/Korea – A building dedication ceremony was recently held in the presence of more than 160 guests, including Incheon City Mayor Jeong-bok Yoo, Charge d’Affaires of German Embassy Peter Winkler, the Chairwoman of the Korean-German Chamber of Commerce and Industry Hyun-nam Park, Executive Vice President Henkel Adhesive Technologies Jan-Dirk Auris, and President of Henkel Asia-Pacific Mark Dorn.

Henkel Korea signed a memorandum of understanding (MOU) with the Incheon Free Economic Zone Authority in April 2019 for the project and started construction work in the same year. With an investment of approximately 35 million Euros, this is the largest single investment in the company?s history in Korea.

With a total floor area of 10,144 square meters and in a two-story building, the Songdo Plant implements an advanced smart factory system (SFS), enhancing process monitoring, data collection and troubleshooting. After undergoing trial production and quality verification since last year, the plant began production in the second half 2022.

We remind, Henkel Adhesive Technologies strengthens its capabilities for predictive maintenance solutions by investing in Direct-C LTD (Direct-C), Edmonton, Canada. The company has developed a sophisticated sensor technology for the early detection of hydrocarbon leakages. With the investment Henkel aims to further expand its maintenance, repair and overhaul (MRO) business and to drive the implementation of innovative digital applications.

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EIA expects U.S. ethane production to grow by 9% in the second half of 2022

EIA expects U.S. ethane production to grow by 9% in the second half of 2022

MOSCOW (MRC) -- Ethane production has been increasing in the United States for the past five years, and it reached a monthly record of 2.5 MMbpd in March. More than 2.4 MMbpd of ethane has been produced in the United States every month since then, said Hydrocarbonprocessing.

In our Short-Term Energy Outlook (STEO), we forecast ethane production in the second half of 2022 to grow by 9% compared with the first half of 2022, averaging over 2.6 MMbpd. We expect that production in 2022 will exceed production in 2021 by 16%, or 340,000 bpd.

Our STEO forecasts annual ethane production to increase again in the United States during 2023 by 7% to nearly 2.7 MMbpd to support continued growth in U.S. consumption and exports. Ethane is consumed almost exclusively as a feedstock in petrochemical plants known as steam crackers to produce ethylene, a precursor chemical for manufacturing many plastics and resins. Three new petrochemical crackers have come online to support growth in domestic ethylene production: two in Texas and one in Pennsylvania.

Since 2017, U.S. ethane prices have generally traded at a premium relative to natural gas prices, spurring natural gas plant operators to recover more ethane from raw natural gas streams. When ethane prices are relatively high, natural gas operators recover more ethane to sell in the liquid fuels market (known in the industry as ethane recovery). When ethane prices are relatively low, operators leave more ethane in the processed natural gas stream (known in the industry as ethane rejection), and this ethane is sold at the natural gas heating value. In 2021, ethane prices averaged 80 cents per MMBtu—26% higher than dry natural gas prices—driving higher rates of ethane recovery. During the first half of 2022, the ethane premium remained steady at USD1.36/MMBtu, which was 25% above the Henry Hub natural gas wholesale price, despite higher average natural gas prices.

Demand for ethane overseas as a petrochemical feedstock has been growing since 2015. We forecast U.S. exports of ethane to continue to grow from about 350,000 bpd in the second quarter of 2022 to about 440,000 bpd in the fourth quarter. We expect ethane exports to rise to 460,000 bpd in 2023.

In our long-term Annual Energy Outlook 2022 (AEO2022), we expect the rapid growth in U.S. ethane production to plateau around 2.7 MMbpd in the second half of this decade. We forecast a renewed period of generally steady growth after 2030, when we expect greater demand for natural gas to drive higher natural gas production. More natural gas production results in more natural gas plant liquids (NGPL), including ethane. We expect the majority of U.S. ethane production to be increasingly concentrated in two regions. In the Southwest, we expect ethane production to grow from 800,000 bpd in 2021 to 1.1 MMbpd in 2050. In the eastern United States, we expect ethane production to triple from 300,000 b/d in 2021 to close to 1.0 MMbpd by 2050. By 2050, the Southwest will account for 36% of all U.S. ethane production, and the eastern United States will account for 32%. We project total U.S. ethane production to peak at 3.0 MMbpd in 2050, the end of the AEO2022 projection period.

As per MRC, BASF has started producing fuel performance additives at its Pudong site in Shanghai, China. The new plant addresses the increasing regional demand for fuel performance additives and brings greater supply security and flexibility to customers in Asia. The site is the latest addition to BASF’s global network, strengthening its local manufacturing footprint in Asia.
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Technip Energies acquires Biosuccinium Technology from DSM for bio-sourced and fully biodegradable polymers production

Technip Energies acquires Biosuccinium Technology from DSM for bio-sourced and fully biodegradable polymers production

MOSCOW (MRC) -- Technip Energies announced the purchase of Biosuccinium technology from DSM, adding a technology solution to its growing Sustainable Chemicals portfolio, said Hydrocarbonprocessing.

This technology synergizes with recently developed proprietary bio-polymer technologies and provides a commercially referenced production of bio-based succinic acid (bio-SAc) that serves as feedstock for the production of polybutylene succinate (PBS).

PBS itself is fully biodegradable and, if based on bio-SAc, is an ideal bio-based sustainable packaging material for food contact applications. It addresses consumers and governments concerns for better materials with lower carbon footprints and environmental impacts.

The purchase includes a wide range of patent families and proprietary yeast strains, which have been demonstrated in production facilities of licensees at large scale. Biosuccinium technology will be the only technology for production of bio-based succinic acid to be licensed on the market.

Bhaskar Patel, SVP Sustainable Fuels, Chemicals and Circularity of Technip Energies, commented: “We are very pleased to acquire this proven technology from DSM. This addition to our growing sustainable chemicals portfolio will allow Technip Energies to license a solution for the production of a bio-sourced and biodegradable polymer, which has a 50% lower carbon footprint compared to fossil-based routes. Superior product properties, combined with best-in class sustainability performance, are key attributes in today’s consumer market. We shall leverage the whole PBS value chain, where we already license the technology for the polymerization of the bio-sourced monomers into PBS."

It was earlier said, Technip Energies and Agilyx announced today the launch of the TruStyrenyx™ brand, the only all-in-one solution for the chemical recycling of polystyrene. 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.

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BASF opens new production plant for fuel performance additives in Shanghai, China

BASF opens new production plant for fuel performance additives in Shanghai, China

MOSCOW (MRC) -- BASF has started producing fuel performance additives at its Pudong site in Shanghai, China, said the company.

The new plant addresses the increasing regional demand for fuel performance additives and brings greater supply security and flexibility to customers in Asia. The site is the latest addition to BASF’s global network, strengthening its local manufacturing footprint in Asia.

BASF’s multifunctional additive packages, known as KEROPUR® are well established in the market, providing the maximum possible engine cleanliness, improved fuel economy, and lower emissions. Due to the growing trend in the use of multifunctional additives in fuels, and the increasing interest in cleaner and more efficient products, the fuel additive market in Asia is expected to grow at a compound annual growth rate of more than 4% through 2032.

“This strategic investment shows our continuous commitment to the fast-growing markets in Asia. With the new capacity, we will be able to improve supply reliability, shorten transport time and hence boost delivery accuracy, and provide locally produced grades to our customers in Asia,” says Matthias Lang, Vice President, Business Management Fuel and Lubricant Solutions Asia Pacific.

An additional investment to offer customized solutions to Asia’s key markets is scheduled for completion by the first quarter of 2023.

As per MRC, BASF completed the installation and start-up of a state-of-the-art acrylic dispersions production line in Dahej, India, serving the coatings, construction, adhesives, and paper industries for the South Asian markets.
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Dow receives CIO 100 award for digital manufacturing acceleration

Dow receives CIO 100 award for digital manufacturing acceleration

MOSCOW (MRC) -- Dow was honored with a CIO 100 Award for its Digital Manufacturing Acceleration (DMA) Program, said the company.

The US CIO 100 awards, now in its 35th year, recognize 100 organizations that are driving digital business growth through technology innovation. The award is an acknowledgement of strategic and operational excellence in IT.

Dow’s DMA Program was recognized for delivering innovative digital technology solutions that unlock company manufacturing data, leading to streamlined work processes that create value for the company’s employees, customers and businesses. The program accelerated the deployment of digital technologies and intuitive tools across Dow’s global manufacturing and maintenance areas, creating opportunities to improve safety, reliability, sustainability, agility and insights through data visibility.

The DMA program also includes innovative ways to securely integrate data while protecting intellectual property. For example, the use of private cellular networks in Dow manufacturing sites allows employees to collaborate in real time through secure video calls and instant messaging, improving both the speed and quality of work performed.

“The collaboration between Dow Operations and Information Technology has created a solid program focused on accelerating and supporting the progression of Dow’s digital priorities within manufacturing,” said John Sampson, senior vice president, Operations, Manufacturing and Engineering. “Dow’s DMA solutions are already generating tangible value and are focused on creating breakthrough growth for Dow by providing easy, enjoyable, and effective digital experiences for Dow employees and our customers."

This year’s CIO 100 Award winners were chosen by a team of external judges, many of them former CIOs. According to CIO, the winners “exemplify what it means to deliver business value through the innovative use of technology, creating competitive advantage in their organizations, improving business processes, enabling growth and improving relationships with customers."

As per MRC, Dow is cutting global polyethylene (PE) production rates by 15%. “Given continued global logistics constraints, including port and rail congestion in the US Gulf Coast and dynamic conditions in Europe, Dow is reducing operating rates across our polyethylene assets, resulting in temporarily lowering 15% of our global polyethylene nameplate capacity,” says the letter, dated 24 August. The letter says Dow expects the cutbacks to help balance high inventories at key global ports and packaging warehouses, particularly in the US Gulf Coast during August and September, the months when strong hurricanes are most likely to strike the region. Hurricane season, which lasts from June to November, has been quiet so far this year, although the National Oceanic and Atmospheric Administration (NOAA) predicted an above-average number of storms.
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