Perstorp appoints Ib Jensen as CEO

Perstorp has appointed Ib Jensen as CEO, effective 1 March, said the Swedish chemicals producer.

Jensen will succeed Jan Secher, who is to step down after nine years as CEO, said the company. Prior to his upcoming new position, Jensen has been an executive at Arxada, Lonza, Syngenta, Danisco, and Lego.

In October, Perstorp was acquired by Malaysia’s Petronas Chemicals Group (PCG).

“This decision [by Secher to step down] is based on a personal direction set more than a year ago, prior to the acquisition by PCG, allowing for a full search process to be conducted for his replacement,” said Perstorp.

We remind, Perstorp moves to make more eco-friendly polyols at Swedish site. Perstorp, a Sweden-based speciality chemicals provider, is transforming a huge majority of the polyols generated at their largest production facility in Perstorp, Sweden, to 'Pro-Environment' products. It will convert all base polyols prepared at its Perstorp unit - neopentyl glycol (Neo), pentaerythritol (Penta), and trimethylolpropane (TMP) - to 'Pro-Environment'.

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The GCC chlorinated polyvinyl chloride (CPVC) pipes market size reached USD472.1 M in 2021, said Globenewswire.

Looking forward, the publisher expects the market to reach $628.2 M by 2027, exhibiting a CAGR of 4.88% during 2021-2027. CPVC is a thermoplastic produced by the chlorination of the PVC resin. As CPVC can withstand high temperatures and is more flexible than standard PVC, it is used for manufacturing pipes which are further utilized for dispensing hot and cold water, and industrial liquid handling.

In comparison with conventional galvanized pipes, CPVC pipes offer advantages such as long service life, ease of installation and maintenance, additional safety, and resistance to corrosion. In the GCC region, growing awareness about health, hygiene, sanitation and wastewater management is increasing the demand for lightweight, sustainable and acoustic drainage pipes. As a result, CPVC pipes are gaining traction in the commercial and residential sectors in the region. Traditionally, the GCC countries have relied on the oil and gas industry for economic growth. However, the governments of these countries have resolved to diversify their economies after the recent fall in oil prices.

In line with this, they have introduced different development projects, such as Saudi Vision 2030, NEOM City, Jeddah Waterfront and Entertainment City, for escalating the influx of tourists in their countries. Additionally, due to strong growth in the hospitality sector on account of the rising number of cafes, hotels and restaurants, and religious tourism, the GCC region holds lucrative opportunities for manufacturers in the CPVC pipes industry.

Moreover, governments are investing in the development of transportation, telecommunication, water distribution, agriculture and other infrastructures which, in turn, is proliferating the demand for CPVC pipes. Breakup by application: plumbing, water supply systems and chemical industry, sewerage, drainage and irrigation, and others. At present, plumbing represents the largest application area accounting for the majority of the total market share. Regional insights: Saudi Arabia, UAE, Kuwait, Bahrain, Oman, and Qatar. Region-wise, Saudi Arabia enjoys the leading position in the GCC CPVC pipes market. The competitive landscape of the market has been analyzed in the report. Some of the key players operating in the industry include: IKK Group, AGM, SAPPCO, and MMT Group. A table shows the report attribute.

We remind, on 16 Feb 2022, Shin-Etsu Chemical Co Ltd announced plans to invest over $695 M to expand its silicone manufacturing plants across Japan to meet a very strong demand for advanced functional products. According to the company, the new plant investments will expand the manufacturing capacity of "highly diversified" kinds of silicone resins, fluids, and rubber end products by 2025. The expansion project will start with Shin-Etsu's main facility, the Gunma Complex in Gunma Prefecture, and will be followed by two other facilities in Naoetsu, Niigata Prefecture, and Takefu, Fukui Prefecture.

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To determine the best way to recycle and reuse plastic, researchers at the U.S. Department of Energy’s (DOE) National Renewable Energy Laboratory (NREL) examined the benefits and trade-offs of current and emerging technologies for recycling, said Recyclingtoday.

The paper is called “Technical, economic and environmental comparison of closed-loop recycling technologies for common plastics,” and provides a comparison of various technologies for closed-loop recycling. This allows for the reuse of plastic through mechanical or chemical processing, eliminating the need for fossil-fuel-derived virgin materials. They considered technical metrics like material quality and retention and environmental metrics, including energy use and greenhouse gas emissions.

“We know cost is one of the primary ... drivers for recycling for companies wanting to invest in it,” says Taylor Uekert, the lead author. “I think it’s just so important to remember that there are other things that are equally important for our life on this planet and we need to be considering those environmental impacts as well."

Her co-authors, all from NREL, are Avantika Singh, Jason DesVeaux, Tapajyoti Ghosh, Arpit Bhatt, Geetanjali Yadav, Shaik Afzal, Julien Walzberg, Katrina Knauer, Scott Nicholson, Gregg Beckham and Alberta Carpenter.

The article outlines how effectively closed-loop recycling technologies would work on polyethylene terephthalate (PET) and three types of polyolefins: high-density polyethylene (HDPE), low-density polyethylene (LDPE), and polypropylene (PP). The recycling rates of these polymers varied in the United States during 2019, from 2 percent for LDPE to 15 percent for PET bottles and containers.

Two closed-loop recycling methods are available for HDPE, LDPE, and PP plastics: mechanical, in which the plastic is grounded, melted and made into something new. There also is a solvent-based dissolution, which removes impurities so that the plastic is of suitable quality for reuse. Those same processes can be used on PET in addition to enzymatic hydrolysis, glycolysis and methanolysis.

More than 400 million metric tons of plastic waste are generated globally annually. Current recycling strategies can capture a fraction of these plastics, but there is a lack of consistent data on the capabilities and impacts of these processes. The NREL study quantitatively characterized the performance of plastic recycling technologies—including factors that are usually only discussed qualitatively, like contamination tolerance—and established a methodology for comparing new recycling processes as they emerge.

We remind, PureCycle Technologies Inc. and the Port of Antwerp-Bruges have announced that PureCycle will build its first polypropylene (PP) recycling facility in Europe at the port’s NextGen District in Belgium. The Orlando, Florida-based company says it expects the new plant to have an annual capacity of 59,000 metric tons, with opportunities to expand operations down the road since the 34-acre plot can support up to four processing lines, increasing total capacity to around 240,000 metric tons per year.

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Construction in Europe will see weaker growth in the period 2023–2025. Residential construction in particular – in Italy and many other European countries – is facing considerable headwinds, according to the EU’s statistical agency Eurostat.

This is evident from calculations by the EUROCONSTRUCT forecasting network, of which the ifo Institute is a member. “Resilience will be greatest in civil engineering,” says ifo expert Ludwig Dorffmeister.

After two superb years, the prospects for European housing construction have become much bleaker. Construction activity will fall by almost 3 percent overall in the period 2023–2024 before picking up again slightly in 2025. The current year will see a 2 percent reduction in new build volume as a result of the economic fallout from the war in Ukraine. In contrast, the downturn in work on existing buildings in 2023 and 2024 is driven largely by the reduction in the previously extremely generous state subsidies for renovation in Italy. “In most European countries, however, the recent energy price shock will likely lead to more investments in existing housing,” Dorffmeister says.

“Civil engineering volumes face a series of major challenges,” he adds. Necessary investment in energy supply, expansion of the transportation network, and public transit will trigger civil engineering growth of 2.9 percent in 2023, 1.8 percent in 2024, and 2.2 percent in 2025. Italy, Norway, Slovakia, and Poland are expected to see the largest increases. Only in Finland will the market shrink.

In Germany, pressure is mounting in new home construction. “The main reasons for this include significant increases in housing loan rates, sharp rises in construction costs, and the reduction in federal subsidies for new home construction,” Dorffmeister says. The results of the ifo survey in December showed that order backlogs, while still at a high level, fell for the fifth month in a row. The new orders the industry sorely needs failed to materialize. “There’s been a drastic deterioration in conditions for private developers and housing companies,” Dorffmeister says.

Nevertheless, the industry’s long lead times will likely temper the impact of this development on construction activity for now. In particular the finishing trade will remain busy in the months ahead due to capacity bottlenecks.

We remind, S-Oil plans to construct this for $7 bn between 2023 and mid-2026. The undertaking is regarded as the biggest outside investment in South Korea. S-Oil is owned 63.4% by Saudi Aramco. The new facility will house a steam cracker for 1.8 M tonnes/y of ethylene and be able to generate up to 3.2 M tonnes/y of petrochemical products after this project is finished. The plants will be built as part of an EPC contract by the South Korean construction firms Hyundai Engineering, Hyundai Engineering & Construction, and Lotte Engineering & Construction.

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TCI Sanmar Chemicals is planning to invest USD15 M in 2023 in Egypt for boosting its production capacity for calcium chloride and polyvinyl chloride (PVC) by employing four new production lines with an overall capacity of 225,000 tonnes/y, said the company.

According to the chairman of the company, PVC production is anticipated to increase to 350,000 tonnes by Mar 2023 compared to 245,000 tonnes achieved in 2021.

Full capacity of 400,000 tonnes is anticipated to be reached by end-2023. The chairman also announced that the company is targeting sales revenue of USD550-600 M in 2023.

Recently, the company has inked an MoU with the Saudi Ministry of Investment for the supply of vinyl chloride, a key raw material for PVC production. The company is also intending to create a loading station in El-Gamil area in Port Said worth USD160 M to import ethylene and export its products. TCI Sanmar Chemicals is a wholly-owned Egyptian subsidiary of Sanmar Group.

We remind, Chemplast Sanmar Ltd., a chemicals manufacturer based in India has reported financial results for the period ended March 31, 2022. The company’s net profit declined by 36.4% to Rs 2.31 billion for the period ended March 31, 2022 as against Rs 3.64 billion for the period ended March 31, 2021. Net sales increased by 34.4% to Rs 18.15 billion during the period ended March 31, 2022 as compared to Rs 13.50 billion during the period ended March 31, 2021.

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