Toray's PPS Resins from Renewable Sources Earn ISCC PLUS Certification

Toray's PPS Resins from Renewable Sources Earn ISCC PLUS Certification

MOSCOW (MRC) -- Toray Industries, Inc. has shared the news about their Korean subsidiary, Toray Advanced Materials Korea Inc., receiving ISCC PLUS certification for their PPS resin manufacturing at the Gunsan plant, said Chemanalyst.

Being an independent multi-stakeholder initiative, ISCC PLUS is a renowned certification system that promotes sustainable, climate-friendly, and deforestation-free supply chains through full traceability.

Polyphenylene Sulfide is an organic polymer that comprises aromatic rings connected through sulfides. The synthetic fiber and textile manufactured using this polymer can withstand thermal and chemical damage. PPS finds its application in various fields like filter fabric for coal boilers, papermaking felts, electrical insulation, film capacitors, specialty membranes, gaskets, and packings. Moreover, it is also used to create a semi-flexible rod polymer family's conductive polymer. PPS, which is non-conductive, can be transformed into the semiconducting form by oxidation or using dopants.

Toray Advanced Materials Korea can now produce and provide PPS resins that include raw materials made from biomass naphtha and pyrolysis oil from waste plastics allocated through the mass balance method, with identical features as fossil-derived PPS resins, all thanks to the ISCC PLUS certification. This certification ensures that the recycled and biomass raw materials are adequately handled in the supply chain during mass-balance method production. The company is currently making arrangements to begin mass production.

As the biggest integrated PPS manufacturer in the world, the Toray Group manages a wide range of products, from polymers and compounds to fibers and films. Toray Advanced Materials Korea and Toray's Tokai Plant situated in Aichi Prefecture, Japan, have a combined PPS polymerization capacity that is the largest globally. Toray Advanced Materials Korea provides PPS resins to Group compounding sites located in China, Europe, the United States, and Southeast Asia.

Toray is currently seeking certification for the Tokai Plant. This initiative aims to establish a global supply structure for eco-friendly PPS resins and develop supply setups at compounding sites in countries where the company operates. This way, Toray can meet customer requirements for biomass and recycled raw materials while reducing its carbon footprint. Toray Group Sustainability Vision envisions a world where people manage resources sustainably by 2050. As part of its corporate philosophy to create new value and contribute to society, Toray will continue to cater to customer demand for environmentally friendly resins.

Toray Industries, Inc. is a multinational corporation that focuses on producing industrial goods utilizing organic synthetic chemistry, polymer chemistry, and biochemistry expertise. Initially, the company's focus was on fibers, textiles, plastics, and chemicals. The company has now expanded its operations into several other sectors, including but not limited to pharmaceuticals, biotechnology and R&D, medical products, reverse osmosis big membranes, electronics, IT-products, housing and engineering, and advanced composite materials.

We remind, Toray Advanced Materials Korea (TAK) has announced plans to increase its annual production capacity of polyphenylene sulfide (PPS) resin by 5,000 tons. The expansion will take place at the Gunsan plant located in Saemangeum Industrial Complex and is set to be completed by 2024, bringing TAK's total annual capacity to 13,600 tons, the largest in South Korea. TAK will also raise its capacity for sodium sulfide, the main raw material for PPS resin, to 4,800 tons per year.

U.S. lawmakers seek to lower biofuel blending compliance costs

U.S. lawmakers seek to lower biofuel blending compliance costs

MOSCOW (MRC) -- A bipartisan group of U.S. lawmakers introduced legislation this week directing the Biden administration to allow oil refiners to purchase compliance credits for U.S. biofuel blending laws at a lower, fixed cost compared to the open market, said Hydrocarbonprocessing.

The proposal would reduce rising compliance costs associated with the U.S. Renewable Fuel Standard (RFS) and aim to help struggling refineries stay afloat at a time of great flux in the global energy markets, lawmakers said. As part of the standard, oil refiners must blend billions of gallons of biofuels into the nation's fuel mix or buy tradable credits from those that do.

Oil refiners argue the mandates are pricey, while biofuel proponents like ethanol producers and corn farmers like the obligations because it increases the market for their products. Under the proposed bill, refiners could buy credits around conventional biofuel blending, which includes corn-based ethanol blending, at the fixed price if they are not able to obtain them in the market at cost-effective levels, according to a news release.

News of the bill caused prices for the credits, known as RINs, to dip. "We can and must do more to address volatile and soaring compliance costs driven by fuel mandates that are out of step with domestic fuel demand,” said Chris Coons, who introduced the bill along with fellow Democratic Senator Bob Casey and Republican U.S. Representative Brian Fitzpatrick.

It is unclear whether the measure, unveiled on Tuesday, will pass. Issues around the RFS typically draw strong lobbying efforts from both oil refining advocates and biofuel advocates. The bill must pass both the Democratic-controlled Senate and the Republican-led House of Representatives before it could reach President Joe Biden's desk, who would decide whether to sign it into law.

Renewable fuel credits traded at USD1.54 each on Tuesday after the bill came out, down from USD1.56 prior, traders said. Credits traded on Wednesday between USD1.55 and USD1.56 each amid U.S. government data release.

We remind, Oil benchmark Brent futures breached $80 a barrel for the first time since May on Wednesday after U.S. inflation data suggested the interest rate hike cycle in the world's biggest economy is set to finally cool. Data released on Wednesday showed U.S. consumer prices rose modestly in June and registered their smallest annual increase in more than two years as inflation continued to subside.

Flare at Russia's petrochemical plant in Dzerzhinsk has been put out

Flare at Russia's petrochemical plant in Dzerzhinsk has been put out

MOSCOW (MRC) -- Russian petrochemical company Sibur said on Tuesday it suspended production at its plant in the city Dzerzhinsk after fire, said the company.

It said the blaze hit production of ethylene oxide and glycols. "Personnel have been evacuated. There is no threat to the life and health of the population," it said.

A fire at Sibur's petrochemical plant in the Russian city of Dzerzhinsk has been extinguished, emergency services said on Wednesday.

Sibur earlier said that it suspended production of ethylene oxide and glycols after due to fire.

Local emergency service said on social media that the fore had been put out and there were no injuries.

We remind, ZapSibNeftekhim produced the first batches of colored polyethylene pipe grades in Russia — blue HD 03505 RC blue and orange HD 03505 PE orange — for water and gas supply systems. The main feature of pipes from RC grades is their bright color, which makes it easy to identify the intended purpose of the pipeline during installation or repair work. In addition, the presence of a colored layer makes it easier to detect damage to the pipe surface during installation.

Fire extinguished at Angarsk oil refinery in Siberia

Fire extinguished at Angarsk oil refinery in Siberia

MOSCOW (MRC) -- A fire broke that broke out in the early hours of Wednesday at an oil refinery in the Siberian city of Angarsk has been extinguished, the governor of the Irkutsk region where the city is located, said Reuters.

"Let me say immediately: there were no casualties," the governor, Igor Kobzev, said earlier on the Telegram messaging app. The cause of the fire was not immediately known.

We remind, Silleno LLP, a joint venture between Russia's SIBUR Holding and Kazakhstan's national oil and gas company KazMunayGas, will soon start Front End Engineering Design for a polyethylene plant in Kazakhstan, Sergei Komyshan, SIBUR's executive director of marketing and sales.

BASF awarded Best Supplier by Sharp for a second consecutive year

BASF awarded Best Supplier by Sharp for a second consecutive year

MOSCOW (MRC) -- BASF has again been recognized as a Best Supplier for Sharp Electronics Indonesia (SEID)’s refrigerator division 2022, having achieved the highest level of excellence and consistently exceeded SEID’s expectations in quality, delivery, and cost performance, said the company.

“This award reflects BASF’s hard work and dedication in delivering the highest quality products and materials as one of our strategic suppliers,” said Tony Endri Hariandja, General Manager Procurement of SEID. “BASF has been an instrumental partner to us with their commitment to excellence and attention to detail, and we look forward to a continued strong partnership.”

The award was presented to BASF for the second consecutive year at the SEID annual supplier meeting.

“BASF has been a supplier of high-performance polyurethane to SEID for 12 years, providing innovative and sustainable materials for refrigerator insulation. We are proud to receive this recognition from SEID and are committed to continuing our successful collaboration,” said Joshua Lau, BASF Head of Performance Materials Indonesia.

One of the innovative solutions BASF supplies to SEID is Elastocool®, a pentane-based polyurethane rigid foam system for insulating refrigerators and freezers.

We remind, BASF celebrated the opening of Europe’s first co-located center of battery material production and battery recycling in Schwarzheide, Germany. The inauguration of a state-of-the-art production facility for high-performance cathode active materials and the unveiling ceremony for a battery recycling plant for the production of black mass represent important steps toward closing the loop for the European battery value chain – from the collection of used batteries and the recovery of mineral raw materials to their use in the production of new battery materials. Major step in Europe to participate in the rapidly growing global battery market.