Avantium and Kvadrat sign offtake agreement for the development of PEF for interior textiles

MOSCOW (MRC) -- Dutch renewable chemistry company Avantium has signed another offtake agreement for its plant-based and recyclable polymer polyethylene furanoate (PEF), said the company.

Under the latest deal, Danish interior textiles company Kvadrat agreed to purchase PEF from Avantium’s upcoming furandicarboxylic acid (FDCA) plant in Delfzijl, Netherlands, Avantium said. The plant is expected to begin commercial production next year.

Kvadrat plans to use PEF yarns in the production of textiles. Financial or volume details were not disclosed. Over 2022 and into early 2023, Avantium signed eight offtake agreements for FDCA and PEF, and in total it now has 14 deals in place, it said.

Also, last month Avantium and US Origin Materials entered into a technology license agreement, providing Origin access to parts of Avantium’s YXY Technology, to enable the conversion of Origin-produced chloromethylfurfural (CMF) derivatives into FDCA.

Avantium is in "multiple discussions" on additional FDCA and PEF offtake deals, and is also exploring additional licensing opportunities for future large-scale production of FDCA and PEF, it said. FDCA is a chemical intermediate that is used to make PEF.

We remind, Avantium N.V. (“Avantium”), a leading technology company in renewable chemistry, and Origin Materials, Inc. (“Origin” and “Origin Materials”), a leading sustainable materials company based in the USA, today announced a partnership to accelerate the mass production of FDCA and PEF for use in advanced chemicals and plastics.

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MOSCOW (MRC) -- Satellite Chemical and South Korea’s SK Geo Centric China Ltd (SKGC) are planning to jointly construct a 50,000 tonne/year second ethylene acrylic acid (EAA) plant in China’s Jiangsu province, the Chinese partner announced.

The new plant is estimated to need yuan (CNY) 2.17bn (USD317m) of investment. Their existing joint venture will still be responsible for construction and operation of the second plant.

Their 40,000 tonne/year first EAA plant at the same site is now under constructing.

We remind, Satellite Petrochemical is planning to partner with French’s industry gas provider Air Liquide to construct an integrated new material and new energy project at Dushangang in China’s Zhejiang province. Under the agreement, Satellite will invest yuan (CNY) 10.2bn (USD1.57bn) to build an 800,000 tonne/year propane dehydrogenation (PDH) plant, an 800,000 tonne/year butanol unit and a 120,000 tonne/year neopentyl glycol (NPG) unit, together with some supporting facilities.

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MOSCOW (MRC) -- A fire that broke out on Wednesday at an INEOS phenol plant in Pasadena, Texas, injured one person, but has since been extinguished, a city official said, as per Reuters.

There is no danger to the community from the fire, and officials have not issued a shelter in place, said Laura Mireles with the City of Pasadena. Pasadena officials are at the scene.

A truck backed into a loading dock at the plant and it caught fire, Mireles said. The truck's driver was then transported to the hospital.

We remind, INEOS reached a three-year labour agreement with two unions at one of its pigment plants in Ohio, the company said. It reached the three-year tentative collective bargaining agreement on Friday with Teamsters Local Union 377 and Local 1033C of the International Chemical Workers Union Council of the United Food and Commercial Workers International Union.

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MOSCOW (MRC) -- India’s Bharat Petroleum Corp has chosen Chevron Lummus Global’s (CLG) ISOFINISHING technology for a catalytic processing unit at its Mumbai refinery, said the company.

Once complete, the 200,000 tonne/year facility would be the first catalytic process unit to manufacture de-aromatised solvents and white oil in India, CLG said in a brief statement on Wednesday. Production from the new unit would replace imports of these specialty products, it added.

CLG's scope for the Mumbai project includes the technology licence, engineering services, proprietary equipment and catalyst supply. Financial details or the expected startup timeline were not disclosed.

CLG is a joint venture between Chevron U.S.A. Inc. and Lummus Technology.

We remind, Chevron Corp. posted a record USD36.5 bn profit for 2022 that was more than double year-earlier earnings but fell shy of Wall Street estimates, undercut by an asset writedowns and a retreat in oil and gas prices.
The second largest U.S. oil producer's adjusted net profit for 2022 beat by about USD10 billion its previous record set in 2011. But USD1.1 B in writedowns in its international oil and gas operations in the fourth quarter left earnings short of forecasts for adjusted net profit of USD37.2 B.

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MOSCOW (MRC) -- A joint venture made up of Enterprise Products and Navigator plans to increase the export capacity of an ethylene terminal in the US by at least 550,000 tonnes/year to up to 2m tonnes/year, said the company.

The project would increase the total export capacity at the terminal to a maximum of 3m tonnes/year, Navigator said. Construction should finish by the end of 2024.

The project will increase the instantaneous ethylene refrigeration capacity to 375 tonnes/hour from 125 tonnes/hour, Navigator said.

The terminal is at Morgan's Point, Texas, and it is operated by the joint venture, Navigator Ethylene Terminal.

We remind, Enterprise Products Partners will expand its 1 million mt/year ethylene export terminal 50% by the second half of 2023 and double it to more than 2 million mt/year by 2025, the company said May 2, 2022.

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