Toyo Ink Group to wholly acquire Thai Eurocoat

Toyo Ink Group to wholly acquire Thai Eurocoat

Toyo Ink SC Holdings, the Japan-based parent company of the specialty chemicals company Toyo Ink Group, has announced that, on March 10, 2023, it and its consolidated subsidiary Toyo Ink (Thailand), concluded a share purchase agreement to wholly acquire Thai Eurocoat, manufacturer of external coatings for non-printed cans in the Thai canned food market, said the company.

Following the transfer of shares, Thai Eurocoat, which is based in Samut Sakhon province, will retain its name and operate as a business unit of Bangkok-based Toyo Ink Thailand. Through the acquisition, the Toyo Ink Group will expand its regional business operations with the aim of becoming a top metal coatings supplier in the ASEAN canned food market.

Can coatings are applied to the interiors and exteriors of steel and aluminum cans to preserve the quality of packaged food, beverage or other product, and to protect the metal surface appearance and integrity against abrasion. In recent years, metal packaging has been garnering greater attention as global demand for processed foods has been strong stemming from rising populations and incomes, and a renewed focus on metal packaging due to their recyclability. As a result of these trends, the global canned food market is expected to grow by more than 130% by 2026 compared to 2020. To meet with the increase in future demand, the Toyo Ink Group aims to leverage its own technological strengths with the product commercialisation capability of Thai Eurocoat.

We remind, Toray Industries, Inc., announced that it has developed a polyethylene terephthalate (PET) film that combines excellent applicability and adhesion for water-based and solvent-free coatings and can eliminate solvent-derived carbon-dioxide emissions. The company looks to produce the film at a domestic plant by end-March 2024 to help popularize eco-friendly film products for which decarbonization during manufacturing is desirable. These items include release, adhesive, printing, packaging, and automotive films.

mrchub.com

MAN Energy Solutions ships world’s largest salt bath reactors to China

MAN Energy Solutions ships world’s largest salt bath reactors to China

MAN Energy Solutions has completed the world's largest salt-operated reactors for a new maleic anhydride plant for the production of biodegradable plastic, said Hydrocarbonprocessing.

The three reactors, each weighing 655 tons, have now been loaded onto the 135 meter long Danube ship “Excelsior” at the MAN Energy Solutions site in Deggendorf (Germany). From there, the reactors will first be transported via the Danube to the Romanian port of Constanta, from where they will then reach their destination in the Chinese city of Yantai (Shandong province) by ocean-going vessel.

The customer is Wanhua Chemical Group Co. Ltd., a leading supplier of chemical products in China, which will use the three salt bath reactors to produce maleic anhydride. This chemical product is in turn required for the production of PBAT (polybutylene adipate terephthalate), a raw material for biodegradable plastics. With a total capacity of 200,000 tpy, Wanhua will start up one of the world's largest production plants for maleic anhydride.

Norbert Anger, MAN Energy Solutions’ Head of Site in Deggendorf, says: “With an annual capacity of 67,000 metric tons each, the three salt bath reactors are the largest ever built anywhere in the world. Currently, only MAN Energy Solutions has the know-how and capabilities required to build such large reactor systems.”

The salt-operated reactors each measure nearly 7 meters in height and around 12 meters in diameter. Each reactor consists of 38,500 tubes. The power consumption of the system is optimized and a higher efficiency of the process is achieved through an optimized tube diameter, which leads, among other things, to a lower pressure drop across the catalyst bed. The reactors reach an operating temperature of up to 450°C. Thanks to the excellent temperature control provided by the DWE reactors, the operating conditions for each of the 38,500 tubes are practically identical, maximizing selectivity and yield.

China expects a growing demand for maleic anhydride in the coming years, mainly driven by the process industry’s efforts to increase the production of environmentally sustainable packaging-material. PBAT-based plastic is biodegradable: when buried in soil, it decomposes due to the action of naturally occurring micro-organisms – such as fungi, algae and bacteria – and leaves no toxic residues behind.

We remind, Huntsman completed the USD593m sale of its Textile Effects division to Archroma, a company owned by the private-equity firm SK Capital Partners. Archroma was set up by SK Capital Partners in 2013 after acquiring the textile chemicals, paper specialties and emulsions businesses from Swiss producer Clariant in 2013. It has about 3,000 employees in 25 facilities globally.

mrchub.com

Shell reports good progress on journey to net-zero emissions

Shell reports good progress on journey to net-zero emissions

Shell plc has published its Energy Transition Progress Report 2022, which shows it has again met its climate targets as part of its energy transition strategy, said Hydrocarbonprocessing.

The report will be put to shareholders for an advisory vote at Shell’s Annual General Meeting on May 23, 2023.

“In this report, we show the progress we have made towards becoming a net-zero emissions energy business by 2050, as we continue to supply the vital energy the world needs during a time of great volatility," said Wael Sawan, Shell's Chief Executive Officer. "I am especially proud of the progress we have made in reducing carbon emissions from our operations, with a 30% reduction by the end of 2022 compared with 2016 on a net basis."

By the end of 2022, the net carbon intensity of the energy products sold by Shell had also fallen by 3.8%, compared with 2016. Our analysis, using data from the International Energy Agency, shows the net carbon intensity of the global energy system fell by around 2% over that time.

The report highlights important steps that Shell has taken to advance its energy transition strategy. These include significant investments in liquefied natural gas (LNG), which Shell expects to remain an important part of the energy mix for many years to come, partly because of its role in reducing emissions from power generation and transport.

ther steps include Shell's $1.6 B investment in Indian renewable power developer Sprng Energy, and the final investment decision on the Holland Hydrogen 1 project in the Netherlands, which will be Europe’s largest renewable hydrogen plant. In 2022, Shell also announced the acquisition of Denmark's Nature Energy, which produces renewable natural gas, for around $2 B. This deal was completed at the beginning of 2023.

Shell also increased the number of electric vehicle charge points it owned or operated worldwide by 62% to around 139,000 in 2022, up from 86,000 the previous year. Sir Andrew Mackenzie, Shell Chair, said: “We believe the progress we have made in line with our energy transition strategy has been to the benefit of our customers, our shareholders and wider society."

This progress comes at a time when the energy system still faces challenges as high energy prices continue to contribute to a cost-of-living crisis for many people. These challenges have highlighted the need for a balanced energy transition: one in which the world achieves net-zero emissions, while still providing a secure and affordable supply of energy.

Shell’s energy transition strategy was put to an advisory shareholder vote at its 2021 Annual General Meeting, where it secured 89% of the vote. At the 2022 AGM, almost 80% of shareholders who voted supported our progress in implementing this strategy. This year, Shell is again asking shareholders to vote on its annual progress.

We remind, Royal Dutch Shell PLC subsidiary Shell Nanhai BV and China National Offshore Oil Corp. (CNOOC) have started up new units to complete the Phase 2 expansion of their 50-50 joint venture CNOOC & Shell Petrochemicals Co. Ltd.’s (CSPC) petrochemical complex in Daya Bay Economic & Technological Development Zone, Huizhou City, Guangdong Province, China.

mrchub.com

Indorama Ventures and Polymateria to produce biodegradable wipes and masks through biotransformation technology

Indorama Ventures and Polymateria to produce biodegradable wipes and masks through biotransformation technology

Indorama Ventures Public Company Limited (IVL), one of the world's leading sustainable chemical companies, and technology specialist Polymateria Limited have signed an exclusive 10-year partnership to help household brands bring biodegradable nonwoven hygiene products to the market through biotransformation technology, said the company.

This collaboration provides a new solution for dealing with essential items like facemasks and wipes once they have been used, ensuring they can return safely to nature without leaving behind any microplastics or toxic residue. It is specifically designed to tackle plastic leaking into the environment as unmanaged waste, meaning it is neither collected for landfill nor recycled. Given that most of the plastic in our oceans originates as unmanaged waste on land, addressing the unmanaged waste challenge is key. This partnership aims to do just that for essential hygiene items.

IVL's exclusive right to use Polymateria's unique biotransformation technology for nonwovens supports application in non-virgin resin recycling while providing a solution for 'fugitive' used articles, especially those items that end up in the natural environment. This biotransformation process involves the plastic transforming into a bioavailable wax in the open terrestrial environment, whereupon the wax is fully consumed by bacteria, microbes and fungi, leaving just carbon dioxide, water, and biomass. The pulp component is inherently biodegradable under similar conditions.

Nonwovens made by IVL using Polymateria's technology have been independently tested against, and meet the criteria in, the BSI PAS 9017 standard for the biodegradation of polyolefins in an open-air terrestrial environment published by the British Standards Institution in October 2020. This standard and/or its criteria - the first in the world to ensure plastic can biotransform in the open terrestrial environment without creating any microplastics - is being adopted around the world including in India, Malaysia, the Philippines and Hungary.

We remind, Indorama Ventures Public Company Limited (IVL), a global sustainable chemical producer, today outlined its business strategy at its 2023 Capital Markets Day in Bangkok, including enhancing competitiveness and applying a disciplined and sustainable approach to new opportunities as demand for the company’s products continues to grow globally.

mrchub.com

TotalEnergies and Paprec develop the first French value chain for advanced recycling of plastic film

TotalEnergies and Paprec develop the first French value chain for advanced recycling of plastic film

TotalEnergies and Paprec, leader in plastic recycling in France, have signed a long-term commercial agreement to develop a French value chain for advanced recycling of plastic film wastes, said Hydrocarbonprocessing.

The agreement will secure the supply of TotalEnergies' future advanced plastic recycling plant in Grandpuits. Following the terms of this agreement, Citeo, the main organization in charge of end-of-life household packaging in France, will provide a stream of flexible plastic waste sorted from post-consumer packaging. This stream will be delivered to the Paprec Plastiques 80 plant in Amiens (France), where a first-of-its-kind sorting and preparation line will be built. TotalEnergies will use this French-origin waste in its advanced recycling plant at the Grandpuits zero-crude platform and will produce recycled plastics which have the same properties as food-grade virgin plastics.

The advanced recycling plant, built by TotalEnergies (60%) and Plastic Energy (40%), will be able to process 15,000 tpy of waste and is scheduled to be operational in 2024.

"This long-term agreement is a major milestone for our advanced recycling plant at Grandpuits, as it guarantees a supply of waste of French-origin," said Valerie Goff, Senior Vice President Renewable Fuels & Chemicals at TotalEnergies. "It is a tangible example of TotalEnergies' commitment to developing a circular economy for plastics and fully contributes to our ambition of producing 30% circular polymers by 2030."

"Our job is to provide our customers and partners with circular packaging that makes it possible to return material to its original use and achieve carbon savings. We are taking an aggressive, innovative approach to monolayer resins such as PET, HDPE and PVC. This innovation with TotalEnergies supplements mechanical, or ‘low carbon’ recycling, which cannot offer the same circularity for plastic that’s not as eco-designed or that’s too soiled. Supporting and developing French industrial excellence is one of our missions," said Sebastien Petithuguenin, Chairman and CEO of Paprec Plastiques.

We remind, TotalEnergies is joining forces with Portuguese packaging player Intraplas to create commercial products with TotalEnergies renewable polymer – a range of the RE:clic portfolio, which uses renewable sources to lower carbon footprint. TotalEnergies’ biorefinery in La Mede, France, allows direct access to renewable feedstock for its drop-in RE: newable polymer range derived from bio-based products. The company claims these polymers retain virgin-like properties.

mrchub.com