Technip Energies and MetGen Oy announce a collaboration for the industrialization of METNIN technology

Technip Energies and MetGen Oy announce a collaboration for the industrialization of METNIN technology

Technip Energies and MetGen Oy, announce a collaboration for the industrialization of METNIN technology for the valorization of lignin. Lignin is a high-volume waste stream of biorefineries that is currently burned, said Hydrocarbonprocessing.

METNIN is an enzymatic process technology that enables the fractionation of lignin from lignocellulosic feedstocks to produce various renewable bio-products. Technip Energies and MetGen have signed a Memorandum of Understanding to jointly bring a standardized solution for lignin refining to the global market.

Bhaskar Patel, SVP Sustainable Fuels, Chemicals & Circularity of Technip Energies, commented: “We are pleased to work with MetGen to commercialize METNIN technology which is a game changer for the future operators of biorefineries. The technology transforms a high-volume waste stream into valuable end-products. The technology unlocks lignocellulosic biomass valorization in biorefineries, and enables lignin to be a source of a sustainable and renewable products.”

Alex Michine, CEO at MetGen Oy commented: “We are proud to work shoulder to shoulder to solve biorefinery bottlenecks and finally enable lignin as sustainable and renewable alternative to petrochemicals and oil-based materials”

As per MRC, Technip Energies announced the purchase of Biosuccinium technology from DSM, adding a technology solution to its growing Sustainable Chemicals portfolio. 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).

BASF and GS Engineering and Construction intend to jointly develop modular solutions for carbon capture

BASF and GS Engineering and Construction intend to jointly develop modular solutions for carbon capture

BASF and GS Engineering and Construction (GS E&C) today signed a Memorandum of Understanding (MoU) on a strategic partnership to jointly develop modular solutions for Carbon Capture facilities, said the company.

The partners want to develop individual package solutions from standardized elements for customers from all industries in order to remove CO2 from exhaust gases and process it so that it can be further utilized or stored.

Combining BASF’s advanced OASE blue CO2 capture process technology and GS E&C’s specialized engineering capabilities, a modular carbon capture package can be delivered very quickly to customers with optimized capital expenditures (CAPEX) and operating expenses (OPEX). This will efficiently shorten the implementation steps of Carbon Capture, Utilization and Storage (CCUS) projects from conceptualization to actual operation.

BASF’s OASE blue process technology will contribute to both sustainability and cost savings for CO2 capture from flue gas, while GS E&C will support carbon neutrality of CO2 emitters by providing a one-stop solution from specialized engineering services, carbon capture, project financing to storage and utilization.

Evelyn Shen, Vice President, Business Management Amines, Acetylenics & Carbonyl Derivatives Asia Pacific, Intermediates Asia Pacific, BASF, said, “CCUS is one of the key options with high technology readiness to accelerate the reduction of global CO2 emissions. The joint efforts between BASF and GS E&C are a testament to our commitment towards this."

Yoon Hong Huh, President, GS E&C’s new business division, said, “We hope to have a deep, bilateral relationship and growing partnership in green energy. This alliance will work as a gateway to make us to be a global leader for carbon capture solutions. Today’s agreement signals a decisive milestone towards meeting our climate action ambitions."

“The essence of OASE technology is that it can be highly customized to meet the intended outcome of each and every application. In this case, we’re thrilled to work with a forward-looking partner with a vision to serve certain viable segments of the CCUS market,” added Lawrence Loe, Director, OASE Gas Treating Excellence, Intermediates Asia Pacific, BASF.

“One of the biggest challenges the renewable energy sector faces is to reduce the uncertainty related to safety, quality, cost and schedule which can seriously affect economic options for the project. GS E&C’s extensive modular experiences can provide an effective solution to mitigate the risks,” concluded John Kwangho Jung, Modular Division Lead, GS E&C.

The OASE products are one of BASF’s accelerator products, which make a substantial sustainability contribution in the value chain.

We remind, BASF, SABIC and Linde have started construction of the world’s first demonstration plant for large-scale electrically heated steam cracker furnaces. By using electricity from renewable sources instead of natural gas, the new technology has the potential to reduce CO2 emissions of one of the most energy-intensive production processes in the chemical industry by at least 90% compared to technologies commonly used today.

Grace welcomes new UNIPOL Polypropylene Technology licensee in Egypt

Grace welcomes new UNIPOL Polypropylene Technology licensee in Egypt

Grace, the leading independent supplier of polyolefin catalyst and polypropylene (PP) technology, has licensed its UNIPOL PP technology to Red Sea National Petrochemicals Co. (Red Sea Co.), said Hydrocarbonprocessing.

As a leading force driving further development of the petrochemicals industry in Egypt, Red Sea Co. is establishing a state-of-the-art, integrated refinery and petrochemicals complex to produce polyolefins, as well as PET polyester. The UNIPOL® PP technology plant will have the industry’s largest single PP reactor line with the greatest KPA capacity to produce homopolymers and random copolymers.

Laura Schwinn, President of Grace’s Specialty Catalysts business said, “This integrated complex will be the first of its kind in Africa and will significantly strengthen Red Sea Co.’s position in the region. We are excited to participate and deliver world scale polypropylene technology to Red Sea Co. and to partner with them to help satisfy their local and export market needs through leading process, catalyst, and product expertise.”

Eng. Mohamed Abady, Chairman and Chief Executive Officer added, “Our decision to choose Grace was based on the advanced technology they use to drive operational efficiencies and the PPartner Program™ services they offer to support us for the life of the plant.”

We remind, W. R. Grace & Co. (Grace) the leading independent supplier of polyolefin catalyst technology and polypropylene (PP) technology, has received a commitment from PT Kilang Pertamina International (PT KPI) to use Grace’s UNIPOL PP technology, which is part of its larger initiative, the Trans-Pacific Petrochemical Indotama (TPPI) Olefin Complex Development Project in Indonesia.

AkzoNobel expects lower Q3 earnings

AkzoNobel expects lower Q3 earnings

AkzoNobel expects its third-quarter earnings to fall year on year, the Dutch paints and coatings major said.

Its adjusted operating income in the July-September 2022 is projected to be in the range of EUR195m-215m, down from EUR241m in the same period last year, the company said in a statement. AkzoNobel will announce its Q3 financial results on 20 October.

It said that “customers and channel partners in the paints and coatings industry are proactively destocking” in Europe and China. “Current demand trends are expected to continue in Q4, whilst benefits will come from the company’s own initiatives to reduce costs, improve working capital and ongoing pricing initiatives,” the company said.

“While Q3 will see the highest raw material cost impact since the inflation cycle started early 2021, pricing will continue to offset raw material and freight inflation,” AkzoNobel said. “Overall raw material supply is normalizing and raw material prices are starting to soften broadly,” the Dutch producer added.

In the second quarter, AkzoNobel's net income fell by 59.4% year on year to EUR106m, weighed down by higher raw material and freight costs.

We remind, AkzoNobel bolsters its performance coatings portfolio after reaching an agreement to acquire the wheel liquid coatings business of Lankwitzer Lackfabrik GmbH. Completion of which is subject to regulatory approvals, is expected before end-2022. Lankwitzer's Rims and Wheel business operates out of a manufacturing site in Leipzig, Germany. Its products are approved for use by car manufacturers such as Daimler, Audi, VW, Opel, Fiat and Renault.

Selenis buys PET resin production lines in North Carolina

Selenis buys PET resin production lines in North Carolina

MOOSCOW (MRC) -- Selenis has acquired specialty PET resin production in North Carolina, said the company.

The batch production lines purchased by Selenis in Fayetteville, NC have an annual production capacity of 55 million pounds. They are used to manufacture Glycol Modified PET (PETG).

In a press release, Selenis officials said that given the continued development and growth of the North American market, the company “continues to pursue its expansion plans towards local production.”

“Our goal is always to take care of our employees, our customers and our shareholders,” said CEO Duarte Matos Gil. “This new agreement will help us expand the geographic and industry reach of our products.”

Officials added that Selenis is “very focused” on sustainability, centering its innovation on developing products with up to 50 percent recycled content and fully recyclable PET solutions. The company’s advances in molecular recycling “transform waste into the building blocks of their specialty resins, helping to fight climate change.”

Earlier this year, Selenis renewed its Recyclass certifications for the traceability of recycled content. The certifications attest to the use of 30 percent and 50 percent post-consumer recycled content in the company’s Eco Resins that it commercialized in 2019.

Also read: Selenis buys DAK's PET resin manufacturing facility in North Carolina.

We remind, Alpek, Indorama and FENC announced earlier that Corpus Christi Polymers (CCP) will resume construction on the facility in August. The plant is expected to begin production of polyethylene terephthalate (PET) and purified terephthalic acid (PTA) in early 2025. Construction of the state-of-the-art plan is resuming following a period of pandemic-related disruptions.

Based in Portalegre, Portugal, Selenis manufactures specialty polyester, PET and copolyester resins. The company is owned by the investment firm IMG Group from Porto, Portugal. IMG also owns global polyester film manufacturer Evertis and is a 50:50 partner with Mexico’s Alpek Group in a PET bottle resin plant in Montreal.