Indian Oil selects Reliance Jio Managed Network Services for its retail outlets

Indian Oil selects Reliance Jio Managed Network Services for its retail outlets

MOSCOW (MRC) -- Jio wins IOCL order for providing SD-WAN solution that will power IOCL’s retail automation and critical business processes, such as payment processing, daily price updates, Remote Desktop Protocol (RDP) software and network monitoring with enterprise-grade connectivity, Quality of Service (QOS) and 24x7 support across 28 states and 8 union territories, said Polymerupdate.

JioBusiness, the Enterprise arm of Reliance Jio Infocomm Ltd will be deploying and managing SD-WAN (Software Defined Wide Area Network) for IOCL across its 7,200 retail outlets for a period of 5 years.

Speaking on the win, Prateek Pashine, Head Enterprise, Reliance Jio said, "It is a matter of great pride for Jio to have been selected by IOCL for this prestigious project. We look forward to support IOCL’s digital transformation journey by implementing the largest SD-WAN network in the country with our ‘Made in India’ managed network solution. Our extensive experience in large scale deployments equip us with the technical expertise to support IOCL in achieving higher performance benchmarks across their network and leverage Jio’s connectivity at each of the 7,200 sites. This will in fact be one of the largest deployments of SD-WAN solution in India across any Industry as well as in the Oil & Gas Industry across Asia. Currently the solution deployment is in an advanced stage with 2,000+ Retail outlets already onboarded on Jio’s SD-WAN setup”.

The current deployment is testimony to strong product, robust processes, and learnings from the thousands of WAN links deployed by Jio in offices, factories, and warehouses in various geographies for customers across Government, Banks, Large and Small Businesses.

We remind, India is taking most of Russia’s Urals crude oil loading in December as it remains top buyer for a second month in a row, according to traders and Refinitiv data. Volumes and India’s share of the exports are expected to rise month on month despite a shorter loading plan for Russia’s Western ports, traders said. In November India accounted for about 53% of the total tanker shipments of the grade – the highest level on the record.

LUKOIL completes reconstruction of several units at Volgograd refinery

LUKOIL completes reconstruction of several units at Volgograd refinery

MOSCOW (MRC) -- A large-scale reconstruction has been completed at the Volgograd refinery, said Hyddrocarbonprocessing.

The project included modernization of the CDU-VDU-5 crude distillation unit with production capacity of 3.5 MMtpy and the solvent extraction unit with production capacity of 300, 000 tpy. Over 230 core equipment items were installed and technologically outdated units were decommissioned. The share of Russia-made equipment installed during the reconstruction exceeded 70%. The construction site spanned the area of 34 thousand square metres; investments into the project exceeded 12 B roubles.

The implementation of the project will increase amount of petroleum feedstock refined by 400 thousand tonnes per year, as well as intensify production of kerosene and diesel fractions. Thanks to introduction of modern technological and digital solutions, energy efficiency of the refinery will increase and its CO2 intensity will decrease.

In 2021, LUKOIL commissioned a high-viscosity index oils production complex at its Volgograd refinery. The investment in the facility amounted to about 10 B roubles.

We remind, PJSC LUKOIL became one of the leaders of ESG-indices of Russian Union of Industrialists and Entrepreneurs (RSPP): Responsibility and Transparency and Sustainability Vector. The 2022 index participant list was compiled on the basis of RAEX-600 Top 100 rating of the largest Russian companies and the Moscow Exchange Index companies list. The ESG-indices calculations were based upon public reports of the enterprises. The assessment took into account 44 indices and 73 indicators that reflect economic, environmental, social and governance aspects of sustainable development.

Amcor sells factories in Russia

Amcor sells factories in Russia

MOSCOW (MRC) -- Amcor announced it completed the sale of its three factories in Russia to HS Investments, a Russian-based investor, after receiving all necessary regulatory approvals and cash proceeds, including receipt of closing cash balances, said the company.

The cash and debt free consideration value is EUR370 million. This follows Amcor’s previously announced decision to pursue the orderly sale of its Russian business while continuing to support its people and customers as well as preserving value for shareholders.

The Russian business produces flexible and cartons packaging from one site in St. Petersburg and two sites in Novgorod and employs approximately 900 people. Amcor’s three sites in Russia generated approximately 2% of total Amcor sales in fiscal 2022.

Cash proceeds are expected to be used primarily for debt repayment and share repurchases. The transaction is not expected to have a material impact on the outlook for fiscal 2023.

We remind, Amcor, a global leader in responsible packaging solutions, on 15 Dec 2022 announced the opening of its new state-of-the-art manufacturing plant in Huizhou, China. With an investment of almost USD100 mln, the 590,000-sq-ft plant is the largest flexible packaging plant by production capacity in China, further strengthening Amcor's ability to meet growing customer demand throughout Asia Pacific.

Neste granted state funding for green hydrogen projects at Porvoo refinery

Neste granted state funding for green hydrogen projects at Porvoo refinery

MOSCOW (MRC) -- In order to develop strategies for producing renewable hydrogen, Business Finland has given Neste a public financial award of EUR 27.7 million for green hydrogen projects at Neste’s refinery in Porvoo, Finland, said Energynews.

For its hydrogen projects, Neste became the first Finnish firm to be given IPCEI (Important Project of Common European Interest) designation by the European Commission in July 2022. This gave Neste the opportunity to seek for the currently available public funding. EU IPCEI projects further the strategic goals of the EU and the shared interests of Europeans by funding innovation initiatives throughout the various EU Member States.

The decision to award the money is a part of the first wave of hydrogen IPCEI initiatives in the EU, which aims to advance and hasten the production and use of green hydrogen throughout Europe. The Ministry of Economic Affairs and Employment and Business Finland has managed the EU application procedure in Finland. The Sustainable Growth Programme for Finland, which is sponsored by the EU’s Recovery and Resilience Facility, includes projects in Finland that deal with the value chain for the hydrogen industry.

Neste began a strategy research in September 2022 on how to transform its Porvoo refinery into a top-tier global facility for sustainable and circular solutions. In the middle of the 2030s, if the transformation path were followed, crude oil would be replaced by recycled and renewable raw resources. The shift that is anticipated and Neste’s objective to reach carbon neutral output by 2035 depend heavily on the renewable hydrogen projects the company is working on.

We remind, Neste, Brightlands Venture Partners, 4 Impact VC and Asahi Kasei announce a combined EUR11 mln investment into Netherlands-based startup Circularise. The goal of the investment is to accelerate the transformation to more sustainable materials within the polymers and chemicals industry by providing new digital solutions to boost traceability and visibility of material flows along value chains.

NOVA achieves mechanical completion of Canadian cracker

NOVA achieves mechanical completion of Canadian cracker

MOSCOW (MRC) -- NOVA Chemicals Corporation announced that its second Advanced SCLAIRTECH technology facility and the third phase of the Corunna Cracker Expansion Project (“Cracker Expansion”) have each reached mechanical completion, said the company.

The world-scale AST2 facility, located at the new Rokeby Site in St. Clair Township, Ontario will have a production capacity of approximately one billion pounds of polyethylene per year. The Cracker Expansion will provide ethylene feedstock to the new AST2 facility, expanding the existing cracker’s current capacity by more than 50 per cent.

Both projects represent a significant investment bringing new technology, jobs and long-term economic viability to the region. Since the growth projects began in late 2017, NOVA Chemicals has added approximately USD2 billion (CAD) to the provincial economy and over 7,000 workers were involved in construction.

NOVA Chemicals is the largest private employer in the Sarnia-Lambton region with three manufacturing facilities and one corporate office currently operating in the area. Once the growth projects are fully commissioned and complete, an estimated 150 permanent full-time jobs will be added between direct hires and contractors at both facilities. Post-construction commissioning activities at the Rokeby Site are fully underway with several onsite unit operations in the startup phase.

NOVA Chemicals’ Corunna Site produces 1.8 billion pounds of ethylene and approximately 700 million pounds of co-products annually. Corunna provides feedstock to NOVA Chemicals’ Moore and St. Clair River Sites where they convert ethylene into up to 1.3 billion pounds of polyethylene per year. Ethane, a component of natural gas, is the primary feedstock for ethylene production at the Corunna Site.

We remind, NOVA Chemicals Corporation, a leading producer of polyethylene resins, announced the launch of its new, mechanically recycled polyethylene resin: EX-PCR-NC4. Incorporating this product allows converters and brand owners to meet their sustainability goals, without compromising package performance in applications such as shrink, e-commerce, heavy-duty sacks, and protective packaging.