Amcor triples recycled content targets

Amcor triples recycled content targets

MOSCOW (MRC) -- Packaging maker Amcor plc is tripling the company's recycled content target, said Sustainableplastics.

The company, in conjunction with the release of a new sustainability report, revealed Nov. 17 the new goal is 30 percent — up from the previous 10 percent — by 2030.

"In ramping up our targets for recycled content, we're helping radically scale the amount of recycled content coming into the market to create a circular economy for packaging," said David Clark, vice president of sustainability at Melbourne-based Amcor, in a statement.

"We do this by not only making sure that the packaging produced is designed to be recycled, but also by boosting infrastructure and consumer awareness to ensure content gets recycled and stays in the economy," he said.

Amcor also reported more than doubling the amount of post-consumer material purchased in recent years. The company purchased 171,000 tons during fiscal year 2022, up from 61,000 tons in fiscal year 2019.

Amcor purchased a total of 3.56 million tons of raw materials in fiscal year 2022. Of that total, 76 percent consisted of polymers, 13 percent fibers, 7 percent liquids and 6 percent metals, according to the sustainability report. The company's sales mix, meanwhile, was 76 percent polymers, 14 percent metals and 10 percent fibers.

Along with using more recycled content, the company has pledged to make all products recyclable, reusable or compostable by 2025. A total of 74 percent of Amcor's production by weight already is designed to be recycled, the company said.

Amcor's network of operations include 220 locations in 43 countries. The firm, with $15 billion in annual sales, employs 44,000 around the world.

CEO Ron Delia, in the sustainability report, called recycled content move "a significant increase beyond our previous target of 10 percent by 2025 and will play a critical role in our responsible packaging strategy."

We remind, Amcor, a global leader in developing and producing responsible packaging solutions, released its first Task Force on Climate-Related Financial Disclosure (TCFD) report, which includes the results Amcor’s climate scenario analysis exercise, along with information about the company’s climate governance structure, risk management approach and performance metrics.

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The new methanol plant in Sarawak will almost double Petronas Chemical Group's current production in Malaysia

The new methanol plant in Sarawak will almost double Petronas Chemical Group's current production in Malaysia
MOSCOW (MRC) -- The new methanol plant in Sarawak will almost double Petronas Chemical Group's current production in Malaysia, said Hydrocarbonprocessing.

The new Sarawak Petchem Methanol Project, located in the coastal city of Bintulu, in the Sarawak region of Malaysia, will represent an important step forward in the methanol production capacity of Petronas Chemical Group, which is already the main producer in Asia-Pacific and the fourth in the world, processing an additional 1.75 million tons per year to the 2.4 MMt it’s already capable of producing.

This new plant will provide a major economic boost to the Sarawak region, where 60% of Malaysia's gas reserves are located, thanks to the generation of direct and indirect employment, both for this new facility and for the Bintulu Additional Gas Sales Facility 2, which will provide up to 168 standard cubic ft of natural gas per day for methanol production.

For the plant's construction operation, which will last until March 2023, Samsung Engineering decided to call on the joint work of Harbour-Link and Sarens, taking advantage of the international experience of the world leader in heavy lifting, engineered transport and crane rental for the onshore heavy transport, installation of modules, jacking operations and heavy lifting of modules. To carry out these tasks, both companies decided to focus on the creation of local jobs, so that 90% of the team is currently made up of local workers.

Underway since April 2022, the works began with the transport and installation of the 48 modules that make up the factory, of which 35 needed to be installed by SPMT (Self-Propelled Modular Transport). The Sarens technical team then carried out the jacking maneuvers of the modules. Each pipe rack module had to be lifted to a certain height and transported by SPMTs to carry out the job in a more stable way and minimize the operation time.

Once the two previous phases were completed, the Sarens team proceeded with the heavy lifting for equipment and modules. For this, CC8800-1, CC2800, CC2400 cranes and other auxiliary equipment were used in the work area. Thus, the CC8800-1 unit was responsible for lifting 3 major columns with a max weight of 558t, and will also be in charge of installing the Process Unit Modules (PAU Modules), with a maximum weight of 560 tons.

For the installation of the modules, Sarens will use modular beams MB1500x600 with lifting yokes. It was a challenging maneuver for the Sarens team, as the weight of all tackles is over 100 tons. In addition, once the installation of the PAU modules is completed, Sarens will become the first company to install heavy modules in the Sarawak region.

Sarens has more than 60 years of international experience in the development and installation of strategically important projects. In the energy sector, Sarens has been recently involved in the Clean Fuel Project works in Thailand, in the lifting maneuvers of a 4,500-ton LQUP (Living Quarters and Utilities Platform) at the PTSC M&C plant in Vietnam, in the expansion of the S-Oil plant in Ulsan, South Korea, in the construction of the Petroperu refinery in Talara (Peru), and in the Skikda refinery in Algeria among others.

We remind, Samsung Engineering Co. said it has received a USD55.5-million contract from Sarawak PetChem to conduct the second phase of its planned methanol facility in Malaysia. The 5,000-t/d methanol project, to be built in Bintulu, will be based on Air Liquide E&C's Lurgi MegaMethanol technology. Operations are planned to begin in 2023.

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South Korea warns of supply disruptions, economic damage if truckers strike

South Korea warns of supply disruptions, economic damage if truckers strike

MOSCOW (MRC) -- South Korea's prime minister urged unionized truckers to scrap plans to go on strike this week to spare the economy what he called paralysis and irreversible damage, fueling fears for the post-pandemic recovery of global supply chains, said Reuters.

For the second time in less than six months, the trucking union in major exporter South Korea has threatened to begin a nationwide strike on Thursday which could disrupt manufacturing and fuel supplies in the world's top 10th economy.

The strike coincides with a worldwide increase in industrial action sparked by a slowdown in the global economy, and a surge in inflation and fuel costs.

"The union's refusal to transport would cause irreparable damage to the national economy beyond logistics paralysis," Prime Minister Han Duck-soo told reporters. "In the worst case, it could lead to the collapse of the logistics system, cutting our industries' external credibility and threatening global competitiveness."

In June, an eight-day strike by South Korean truckers delayed cargo shipments of products ranging from autos to semiconductors in Asia's fourth-largest economy, costing more than USD1.2 B in lost output and unmet deliveries.

The Cargo Truckers Solidarity Union, which has called for the strike, wants the government to extend beyond December its "Safe Trucking Freight Rate", a policy put in place during the COVID-19 pandemic that guarantees a minimum annual wage.

During talks this week, the government and ruling party offered a three-year extension of the scheme, but refused to accept the unions' request to extend these benefits to truckers in better-paying industries, such as fuel and steel.

The union has since rejected this compromise deal, saying the truckers, who are mostly independent contractors, must be protected from fuel price fluctuations and exploitation. "Life or death, we are going on strike this time with rage," union chief Lee Bong-ju Lee told reporters.

Lee said truckers supplying fuel from the four major refineries would also join the strike. SK Innovation Co Ltd , owner of SK Energy, the country's largest refiner by output, said it was trying its best to prevent any disruptions to its customers. It gave no further details.

During the truckers' strike in June, companies including Hyundai Motor and steelmaker POSCO were forced to cut output. POSCO on Tuesday warned that the planned strike could slow down repair works to a major plant hit by a flood this summer.

We remind, SK geo centric (SKGC; Seoul, South Korea) signed an HOA (head of agreement) for building advanced recycling (pyrolysis) plant within its recycling cluster in Ulsan with Plastic EnergyLtd., the UK-based advanced plastic recycling technology company, in Seoul, South Korea.

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China approves INEOS acquisition of Shanghai SECCO

China approves INEOS acquisition of Shanghai SECCO

MOSCOW (MRC) -- China’s State Administration for Market Regulation has approved unconditionally the acquisition deal of Shanghai SECCO Petrochemical between Sinopec and INEOS, said Reuters.

Sinopec and INEOS in July this year announced the transaction, under which INEOS will take over 50% of SECCO from Sinopec.

After the deal, SECCO will have four shareholders, which are INEOS (50%), Sinopec Gaoqiao Petrochemical (15%), Sinopec (15%) and Sinopec Shanghai Petrochemical (20%).

SECCO produces around 3.2 m tonnes of petrochemicals each year, including olefins, polyolefins, styrene and aromatics, according to its website information.

We remind, INEOS Europe AG and Pacific Gas (Hong Kong) Holdings Co., Ltd, have signed long-term time charter agreements for four 99,000 cbm (cubic metre) VLECs (Very Large Ethane Carriers). The deal will bring INEOS’ ethane fleet to 16 vessels, with eight VLEC and eight Dragon class ethane carriers. With these agreements, INEOS will have a total of six VLECs under time charter with Pacific Gas.

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SK Geo Centric and Plastic Energy to establish Asia largest advanced recycling plant

SK Geo Centric and Plastic Energy to establish Asia  largest advanced recycling plant

MOSCOW (MRC) -- SK geo centric (SKGC; Seoul, South Korea) signed an HOA (head of agreement) for building advanced recycling (pyrolysis) plant within its recycling cluster in Ulsan with Plastic EnergyLtd., the UK-based advanced plastic recycling technology company, in Seoul, South Korea, said Chemengonline.

The signing ceremony was attended by the top management of both companies including CEO of SKGC Na Kyung-soo and CEO of Plastic Energy Carlos Monreal. This follow’s SKGC’s announcement that it would be collaborating with PureCycle Technologies to build the country’s first recycling plant for polypropylene.

According to this HOA, an advanced recycling (pyrolysis) plant in Ulsan will be built by SKGC using Plastic Energy’s technology. The two companies also agreed on promoting joint advanced recycling technique businesses in metropolitan areas in Korea and expanding the businesses to Asian regions. As the largest advanced recycling plant in Asia, the facility will be built on a total area of 13,000m2. with an annual capacity of 66,000 tons by the second half of 2025.

SKGC will also build a post-treatment plant using its own technology with an annual capacity of 100,000 tons. Using pyrolysis oil in the post-treatment process will upgrade the quality of the products. Moreover, through this process, the pyrolysis oil can be applied in the production of various petrochemical products.

Founded in 2012, Plastic Energy is operating two advanced recycling (pyrolysis) plants in Spain, one in Almeria and the other in Sevilla. The company also own several patented advanced recycling technologies in the U.S. and Europe. It is also currently under discussion with several major petrochemical companies to build 5 more global advanced recycling plants.

Using pyrolysis oil, which is obtained by heating plastic waste at high temperature, will help creating circular economy. The methodology is also called “urban oil field” technology as it extracts crude oil from waste such as vinyl.

Demand for recycled plastics is expected to surge due to strengthened regulations in developed countries, such as the mandatory recycling plastics policy. According to the petrochemical industry, the pyrolysis oil chemical recycling market is expected to grow at an average annual rate of 17% from 700,000 tons in 2020 to 3.3 million tons in 2030.

“We are pleased to work with Plastic Energy, who has excellent advanced recycling technique to establish the largest pyrolysis plant in Asia,” said Na Kyung-soo, CEO of SKGC. “SKGC will keep expanding our cooperation with multiple global partners to achieve plastic circular economy,” he added.

“Korea is an important market for advanced recycling of end-of-life plastics. SKGC has a truly unique vision to deploy different technologies to recycle many types of plastic, and Plastic Energy is excited to play a role in realizing this vision,” said Carlos Monreal, Founder and CEO of Plastic Energy.

We remind, SK Energy announced that it is in full swing to cooperate with Doosan Fuel Cell to establish the on-site hybrid energy stations that utilize fuel cells (Tri-gen) which can generate hydrogen, energy, and heat simultaneously.

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