Stahl completes acquisition of ICP Industrial Solutions Group

Stahl completes acquisition of ICP Industrial Solutions Group

MOSCOW (MRC) -- Dutch specialty chemicals and coatings company Stahl has acquired ICP Industrial Solutions Group. a US-based coatings producer for packaging and labelling applications, said the company.

The acquisition reinforces Stahl’s position in specialty coatings for flexible substrates, it said in a statement on Thursday.

ICP’s industrial coating technologies would enable Stahl to support customers in their transition to more sustainable packaging, it added.

Itasca, Illinois-based ICP had sales of USD140m in 2022. The acquisition price was not disclosed.

We remind, Stahl, an active proponent of responsible chemistry, is to offer a dedicated portfolio of low-impact, high-performance adhesive and bonding solutions. As an initial step, Stahl will introduce three dedicated adhesive products, under the RelcaBond® brand name, designed primarily for customers operating in the automotive sector, as well as other markets.

Perstorp strengthens its sustainable offerings with world’s first 100% renewable-based polyols

Perstorp strengthens its sustainable offerings with world’s first 100% renewable-based polyols

MOSCOW (MRC) -- Perstorp has launched new grades for two base polyols that are now available with 100% renewable, mass-balanced carbon content, said the company.

When including the biogenic CO2uptake1 from the renewable raw materials, the products will have a negative carbon footprint at the Perstorp gate. Based on a traceable mass-balance concept, Neeture™ N100 (neopentyl glycol) and Evyron™ T100 (trimethylolpropane) are designed to reduce the carbon footprint2 throughout the value chain and to support the sustainable sourcing of renewable and recycled raw materials.

This portfolio expansion reinforces the company’s position as a leading supplier of low carbon footprint chemicals, which began in 2010 with the introduction of Voxtar™, the world’s first pentaerythritol based on renewable carbon content. With the addition of these new grades, Perstorp can offer the industry’s lowest product carbon footprint for each of their base polyols (TMP, Neo, Penta). This marks an exciting milestone that enables future-proofing by phasing out virgin fossil raw materials for a wide range of applications in the market segments of resins, coatings, and synthetic lubricants.

Neeture™ and Evyron™, along with all Perstorp’s Pro-Environment products are certified according to the sustainability certification system ISCC PLUS (International Sustainability & Carbon Certification). ISCC PLUS provides companies, brand owners, and consumers the assurance that high sustainability requirements are met. The products, the mass balance, as well as the annually updated and audited product carbon footprint calculations are all ISCC PLUS certified.

Perstorp applies a mass balance with physical and chemical traceability which means that no credit transfer is applied and that all the different raw materials needed to produce the products are used. To produce Neeture N100 and Evyron T100, ISCC-certified biogas, methanol and propylene based on either bio or bio-circular origin are used. Being ISCC PLUS certified means that all sustainable raw materials are ISCC PLUS or ISCC EU certified in all parts of the value chain all the way back to the point of origin. The Pro-Environment products provide customers with an identical quality and performance as the fossil alternatives, but with the added benefit of an improved environmental profile.

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'.

ExxonMobil commissions Beaumont refinery expansion

ExxonMobil commissions Beaumont refinery expansion

MOSCOW (MRC) -- ExxonMobil Corp has started up its long-planned project to expand light crude oil processing capacity by 250,000 b/d at ExxonMobil Product Solutions Co's integrated refining and petrochemicals complex along the US Gulf Coast in Beaumont, TX, US, said the company.

Officially in operation as of 16 Mar 2023, the USD2 bn Beaumont expansion-completed on time and within budget despite difficulties posed by outbreak of the global pandemic following start of project construction in 2019-increases the refinery's overall crude processing capacity to more than 630,000 b/d, the operator said. Proposed in 2018 and formally approved in early 2019, the expansion added a third crude unit and hydrotreaters to accommodate the operator's growing Permian light crude production, to which the refinery is linked via pipeline.

ExxonMobil said the Beaumont refinery's new crude unit also will be well-positioned to further capitalize on segregated crude from the Permian's Delaware basin. Delaware production will be delivered via the ExxonMobil Pipeline Co-operated 650-mile, 36-inWink-to-Webster (W2W) pipeline that delivers to Webster, Baytown, and the Enterprise Crude Houston Oil terminal, in addition to providing connectivity to Texas City and Beaumont. An ExxonMobil spokesperson told OGJ the Beaumont refinery also has completed connecting pipeline additions at the site to accommodate the expansion's increased intake and offtake of crude and finished products, respectively.

Technip Energies (formerly TechipFMC PLC) provided engineering, procurement, and construction (EPC) of four units added as part of the expansion-including an atmospheric pipe still, kerosine hydrotreater, diesel hydrotreater, and benzene recovery unit-while KBR Inc delivered EPC services for the project offsites and interconnecting units. In its earnings presentation for 4Q 2022 and preliminary results for end-2022, ExxonMobil said it increased year-over-year net production from the Permian by about 90,000 boe/d to about 550,000-560,000 boe/d, with overall production from its regional operations anticipated to reach more than 600,000 boe/d during 2023.

By 2027, the operator said it plans to grow Permian output to about 1 M boe/d amid ongoing improvements in capital efficiency, lower costs, higher resource recovery, and better environmental performance. ExxonMobil confirmed that by end-4Q 2022 it had eliminated routine flaring from its Permian operations by 100% as part of the company's efforts to achieve net-zero Scope 1 and 2 greenhouse gas (GHG) emissions from the region by 2030.

We remind, ExxonMobil awarded a front-end engineering and design (FEED) contract to Technip Energies for a blue hydrogen project at its complex in Baytown, Texas. ExxonMobil described the contract as the largest of its kind in the world. The company could make a final investment decision (FID) on the project in 2024. If ExxonMobil proceeds, it could start operations in 2027-2028. Financial details were not disclosed.

Sika divestment to INEOS stopped on UK antitrust authority concerns

Sika divestment to INEOS stopped on UK antitrust authority concerns

MOSCOW (MRC) -- Sika is to divest some admixtures assets to investment fund Cinven after the UK’s competition authority showed “concerns” about the initially-planned divestment to INEOS, said the company.

Sika is in the process to acquire construction chemicals peer MBCC, a process it hopes to conclude in the first half of 2023. In January, it said it was to divest to INEOS some admixtures assets coming from MBCC in the UK, the US, Canada and Europe.

However, the UK’s Competition and Markets Authority (CMA) told Sika it had concerns about the levels of market concentration the divestment to European chemicals major INEOS could have in the markets. “The parties [Sika and INEOS] therefore agreed to terminate the contract, while Sika has agreed to sell the ‘disposal perimeter’ [the assets] to international private equity firm Cinven,” said Sika.

“The CMA has already approved Cinven as a suitable buyer of the disposal perimeter. Financial and transaction parameters remain largely unchanged." According to Sika, the assets to be divested now to Cinven generated sales of Swiss francs (Swfr) 920m (USD1.0bn) in 2022.

They include production sites and sales offices in 36 countries with more than 1,600 employees.

We remind, Sika has agreed to sell Aliva Equipment, a Swiss unit supplying machines for the application of shotcrete, to Normet Group Oy, a Finnish global company providing solutions for underground construction, said the company.
In 2021, Aliva Equipment generated sales of CHF 12 million.

Sika is a specialty chemicals company with a leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle industry. Sika has subsidiaries in 101 countries around the world and manufactures in over 200 factories.

Fruit and vegetable industry players release joint statement condemning European Commission plastic packaging ban

Fruit and vegetable industry players release joint statement condemning European Commission plastic packaging ban

MOSCOW (MRC) -- Copa-Cogeca, Freshfel Europe, the European Fresh Produce Association, and Europatat, the European Potato Trade Association have made a statement calling for the Regulation on Packaging and Packaging Waste to reconsider the ban on packaging for fruit and vegetables under 1.5kg and instead implement more nuanced incentives and strategies such as ecological labelling, said Packagingeurope.

Although the organisations say that they support the intentions of the new regulation to cut down on packaging waste, achieve a circular economy as per the ambitions of the European Green Deal, and protect the functioning of the internal market, they have expressed their concern about its ban on single-use packaging for fresh fruit and vegetables weighing less than 1.5kg, fearing that the move contradicts existing material uses and life cycle analyses.

A decrease in product shelf life and the compromising of hygiene, organoleptic quality, and traceability are listed as the potential consequences of focusing on prohibitions without implementing workable alternatives. In turn, the restrictions – said to lack thorough scientific evidence and display a disproportionate focus on the fruit and vegetable sector – could apparently increase food waste and environmental impact.

Therefore, the organisations call for the new regulation to respect the essential use of plastic in certain contexts and suggest that, instead of implementing overarching bans, it turns its attention towards cutting down on superfluous packaging; encouraging the adoption of recycled, degradable, or compostable packaging where technically and economically feasible; and improving the collection, sorting, and recycling management of packaging at a Member States level.

We remind, Burger King’s German restaurants are implementing reusable and recyclable polypropylene cups for their beverages, milkshakes, and ice cream products through the RECUP deposit return system in the hopes of conserving valuable packaging resources and reducing waste generated from single-use cup solutions.