European Council of Vinyl Manufacturers appointed new chairman

The European Council of Vinyl Manufacturers (ECVM) and VinylPlus, the sustainability program of the European PVC industry, have a new face at the helm: In the future, Dr. Karl-Martin Schellerer, Managing Director of Westlake Vinnolit, will continue to drive the industry’s sustainability efforts at European level, said Westlakevinnolit.

He succeeds Stefan Sommer, Chairman of the Supervisory Board of Vynova Holding. Dr. Karl-Martin Schellerer has already been heavily involved in the boards of ECVM and VinylPlus since 2018.

PVC is one of the world’s most widely used plastics with a wide range of durable applications such as window frames, pipes, flooring, cables or automotive interior and a number of life-saving medical applications. PVC can be recycled multiple times. VinylPlus aims to make the entire PVC value chain even more sustainable and further improve the circularity of PVC products.

We remind, Westlake Vinnolit continues to expand its lower-carbon GreenVin product line: Effective immediately, the company also offers GreenVin bio-attributed PVC based on renewable ethylene. Westlake Vinnolit’s lower-carbon GreenVin® product line continues to expand: in addition to GreenVin® PVC, with approximately 25% CO2 savings through the use of renewable electricity (Guarantees of Origin with quality label) in the Westlake Vinnolit production chain, GreenVin bio-attributed PVC is now also available. GreenVin® bio-attributed PVC is produced with renewable electricity and ISCC PLUS-certified renewable ethylene from biomass. The CO2 savings of GreenVin® bio-attributed PVC is about 90%, compared to conventionally produced Vinnolit PVC.

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Showa Denko has decided to license its technology to produce vinyl acetate monomer (VAM) to Asian Paints Limited, a leading paint and decor company in India, said the company.

In addition, SDK will provide Asian Paints with catalysts to be used for the company’s VAM production.

In order to strengthen its petrochemicals business’s tolerance to price fluctuation and earnings stability, SDK has been striving to improve the makeup of its organic chemicals sector by expanding the lineup of high-value-added products including derivatives, and expanding business to license SDK’s technologies to produce organic chemicals. Licensing of the technology to produce VAM of this time follows the same licensing to Shenghong Refining Petrochemical (Lian Yun Gang) Co., Ltd., China, in 2019.

VAM is a colorless transparent liquid used as raw material for wide-ranging products including adhesives and synthetic resins. SDK has been producing VAM at its Oita Petrochemical Complex for more than 40 years. As a part of the licensing package of this time, SDK will provide Asian Paints with its technical know-how about safe and stable operation of the VAM plant, which SDK accumulated through operation of many years, through KBR.

In addition, SDK will provide Asian Paints with catalysts for the company’s VAM production facility. We expect SDK’s catalysts will improve performance of the Asian Paints’ new plant.

We remind, Showa Denko Materials Co Ltd announces the decision to expand its production capacity of copper-clad laminates for semiconductor package substrates by introducing a production line and additional equipment by 2025 at its Shimodate Works and Group company Showa Denko Semiconductor Materials (Taiwan) Co Ltd (SDSMT). Showa Denko Materials plans to invest approximately Yen 10 bn to meet the rapidly growing demand for semiconductor package substrates, driven by the increasing use of semiconductors for communications infrastructure supporting 5G and post-5G networks. This expansion is expected to roughly double Showa Denko Materials Group's current output capacity of the product.
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Showa Denko K.K. decided to increase its production capacity for VGCFTM (vapor grown carbon fiber), which is added to cathodes and anodes of lithium ion batteries (LIBs) to improve electrical conductivity, said the company.

In the LIB market, where the demand for the product is rapidly increasing, especially the demand for LIBs to be used in xEVs (electric vehicles including hybrid vehicles) is growing very rapidly. VGCFTM is an essential material for LIBs. As a result, the demand for VGCFTM is rapidly growing especially among LIB manufacturers who provide European car manufacturers with LIBs. Aiming to respond to such a rapidly growing demand, SDK has decided to increase its capacity to produce VGCFTM. SDK will start to operate the expanded VGCFTM production facilities in October 2023. The expanded facilities, which are located in Kawasaki Plant, will have a capacity to produce 400 tons of VGCFTM per year, which is 33% more than the current capacity of 300 tons per year.

Repetition of charging and discharging gradually makes it difficult for lithium ion to move about, and causes deterioration of LIBs’ performance including a decrease in changing capacity. However, application of fibriform VGCFTM to cathodes and anodes of LIBs maintains movableness of lithium ion, thereby controlling deterioration of LIBs’ performance. Since VGCFTM is a fibriform material with high dispersiveness, addition of small amount of VGCFTM increases LIBs’ capacity and extends the life of LIBs. Furthermore, since VGCFTM has high heat conductivity, it improves LIBs’ heat management by accelerating heat dissipation from electrodes. As a result of these advantages, application of VGCFTM extends LIBs’ life, and is expected to contribute to reduction of CO2 emission throughout the life cycle of LIBs.

The Showa Denko Group produces various materials for LIBs including VGCFTM; aluminum laminate film “SPALFTM 1; binder for anode PolysolTM 2; and anode materials. The Group will continue contributing to sustainable development of global society through provision of products that help energy conservation and reduction of environmental burden.

We remind, Showa Denko K.K. decided to license its technology to produce vinyl acetate monomer (VAM) to Asian Paints Limited, a leading paint and decor company in India , under a formal alliance agreement between SDK and KBR, a global engineering and technology solutions company based in the U.S.. In addition, SDK will provide Asian Paints with catalysts to be used for the company’s VAM production.

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North American polyvinyl chloride (PVC) production in November fell nearly 12.4% from October and was 11% down from a year ago, according to final data released by the American Chemistry Council (ACC).

Market sources tell S&P Global Commodity Insights that the decline shows that US PVC producers have reduced output in response to softer demand for the construction staple amid rising interest rates and high inflation.

Formosa Plastics USA conducted a turnaround at its 536,000 metric tons/year PVC unit in Baton Rouge from late October to mid-November, which would account for some of the decline, sources said.

We remind, North American chemical rail traffic fell by 7.3% year on year to 44,458 railcar loadings for the week ended 17 December – marking a 13th consecutive decline. Declines in the US and Canada more than offset an increase in Mexico. The four-week average for North American chemical rail traffic was at 45,649 railcar loadings.

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Rosneft Oil Company held an Extraordinary General Shareholders Meeting in the form of absentee voting on December 23, said the company.

The shareholders decided to pay interim dividends in the amount of 20.39 roubles per share, which would entail allocating 50% of the IFRS consolidated net profit attributable to Rosneft shareholders, to dividends based on results for 1H 2022. Thus, the Company will pay interim dividends in the amount of 216.1 bn roubles.

Closing date of the register for dividend payments is 12 January 2023. The Company will pay dividends to nominee shareholders and trustees no later than 26 January 2023 and to other holders registered in the register no later than 16 February 2023.

We remind, Rosneft will parnter with Indonesia to contribute USD24 B on a greenfield refinery in East Java province.
The refinery will have 14 refining units for vehicle fuels as well as seven units for petrochemicals. The purpose is to construct a facility which can process heavy crude oil and high sulfur crude oil.
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