AkzoNobel completes acquisition of Chinese Decorative Paints business from Sherwin-Williams

AkzoNobel completes acquisition of Chinese Decorative Paints business from Sherwin-Williams

MOSCOW (MRC) -- AkzoNobel has completed the acquisition of the Chinese Decorative Paints business of Sherwin-Williams. The acquisition will further boost the company’s position in China and will allow us further market segmentation and reinforce our position outside of the premium segment, said the company.

The business has an annual revenue of approximately €100 million and employs around 300 people. The transaction includes the renowned Huarun decorative paints brand, which has a long history and is well recognized in China.

News of the intended acquisition was first announced in April 2023.

We remind, AkzoNobel has received approval to supply its water-based refinish products to Porsche China – currently one of the premium automotive brand’s biggest markets.

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Re-refining Plant by Sequoia operational in Galicia Spain

Re-refining Plant by Sequoia operational in Galicia Spain

MOSCOW (MRC) -- Intacta, PMA and Sequoia are pleased to announce successful startup of a vacuum distillation plant in Galicia, Spain, said Hydrocarbonprocessing.

The plant is capable of processing fifty metric tons per day of waste lubricating oil and waste fuels. It will produce distilled lube base stocks and fuels for sale. The residue is also a saleable product in the bitumen market. The plant produces no solid or liquid waste.

The plant consists of three evaporation steps, each successively higher in vacuum and temperature. Each step has specially-designed evaporation equipment and process-scheme, appropriate for the condition used in the step. These include Sequoia’s proprietary long-tube vertical evaporator and a short-path wiped film evaporator. Sequoia designed, specified, and supplied all the process equipment for the plant.

Sequoia shipped partially assembled modules to Spain from India. Intacta installed the Sequoia equipment and integrated the plant with the necessary ancillary systems and tanks.

PMA will own and operate the plant with Intacta’s daily operational support. Sequoia continues to provide technical support. PMA and Intacta will explore with Sequoia’s help new projects to further expand the facility and improve its recycling operations in Spain.

Cristobal Pinon , Business Development Manager of Intacta said: “ It was a long and hard work, but we are proud of the result. This project marked a before and after in the position of the company in the field of waste oil management."

Antonio Roncero, Managing Director of PMA said: “As part of the property I would like to thank Intacta and Sequoia for the work, their support and effort. I would like to thank David and Roberto, as part of the PMA team, for their perseverance and good job since the very beginning of the project.

Rohit Joshi, managing director of Sequoia Global said: “We began work on this project in the middle of the covid pandemic. We are proud to have completed our work on time despite the many hurdles with supply-chains for different components. We supported the client during commissioning last year while we faced challenges with International travel. Of course, this would not have been possible without support from Montse, Andres and the entire Intacta team."

We remind, Repsol will invest more than 120 million euros (USD132.95 million) to retrofit a decades-old diesel plant to produce second-generation biofuels. As part of its strategy to pivot to renewables, Repsol targets the production of two million tons of low-carbon fuels by 2030, tripling the capacity it had at the beginning of this decade.

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North American chemical railcar traffic rose for a second week

North American chemical railcar traffic rose for a second week

MOSCOW (MRC) -- North American chemical railcar traffic rose for a second week, with loadings for the week ended 29 July up 3.1% year on year to 48,009, according to the freight rail data of Association of American Railroads.

For the first 30 weeks of 2023 ended 29 July, North American chemical rail traffic was down 2.6% year on year to 1,355,556 - with the US down 3.8% to 934,382 loadings.

In the US, chemical railcar loadings represent about 20% of chemical transportation by tonnage, with trucks, barges and pipelines carrying the rest. In Canada, chemical producers rely on rail to ship more than 70% of their products, with some exclusively using rail.

We remind, North American chemical railcar traffic rose for the first time in 10 weeks, with loadings for the week ended 22 July up 1.3% year on year to 45,218, according to the freight rail data of Association of American Railroads. In Canada, rail traffic continued to be affected by a strike from 1-13 July at the Vancouver and other west coast ports, as well as by ongoing wildfires in parts of the country.

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Axens will provide Vegan Technology to Haike Chemicals for its SAF project in China

Axens will provide Vegan Technology to Haike Chemicals for its SAF project in China

MOSCOW (MRC) -- Shandong Haike Chemical Co. Ltd, a Chinese refining and petrochemical company, has selected Axens’ Vegan technology to produce low carbon, cost competitive sustainable aviation fuel (SAF) by retrofitting its existing assets, said Hydrocarbonprocessing.

Vegan technology is a second-generation hydrotreated vegetable oil (HVO) solution which processes up to 100% of any kind of lipid, including wastes from agriculture and food industry to produce renewable fuels that are able to reduce greenhouse gas emissions by up to 80% compared with a conventional jet fuel production scheme.

This new contract with Haike Chemicals is Axens’ first reference for its Vegan technology in Asia and represents a major opportunity to scale up production of SAF in line with recognized international standards (ASTM D7566) and able to meet growing demand from the European and North American markets. According to ATAG1, the aviation sector will need around 450-500 million tons of SAF per year by 2050 to meet future demand and deliver its decarbonization targets. The challenge is to ramp up production rapidly to deliver economies of scale and make SAF production competitive.

Haike Chemicals aims to have their first SAF-only unit on stream with high yield on-spec production within 12 months before rolling out the process to other units to become a competitive world-leading supplier of high-quality SAF.

Flexibility is the key advantage of Axens’ Vegan technology in terms of feedstock, product and implementation. Based on a two-step process, it can process a wide range of feedstocks such as vegetable oils, animal fats, tall oil and used cooking oil to produce SAF or renewable diesel according to market demand. Vegan® technology can be applied in both standalone and integrated refinery environments. In this way, the retrofit of existing hydrotreatment assets into Vegan units represents a fast-track approach to advance a biorefinery project.

We remind, Axens has signed an agreement with KazMunayGas (KMG) to supply the process design package for its proprietary AlphaButol technology for producing high-purity 1-butene, which is required for producing PE. KMG has plans for a 1.2 million t/y PE plant in Atyrau, Kazakhstan. French technology and engineering group Axens has signed an agreement with KazMunayGas (KMG) to supply the process design package for its proprietary AlphaButol technology that produces high-purity 1-butene, which is required for producing PE. KMG plans to build a 1.2 million t/y PE plant in the Atyrau region of Kazakhstan – a timescale for the project has not been disclosed.

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Britain commits to hundreds of North Sea oil and gas licenses

Britain commits to hundreds of North Sea oil and gas licenses

MOSCOW (MRC) -- Britain committed to granting hundreds of licenses for North Sea oil and gas extraction as part of efforts to become more energy independent, drawing criticism from environmental campaigners, said Hydrocarbonprocessing.

Prime Minister Rishi Sunak confirmed plans for more than 100 such licenses, which attracted bids earlier this year and said hundreds of future licenses could also be granted. He also announced fresh support for two carbon capture and storage (CCS) clusters in Scotland and northern England.

Britain has a target to reach net-zero emissions by 2050, but Prime Minister Rishi Sunak said even by this date the country is expected to get more than a quarter of its energy from oil and gas. He said new domestic fossil fuels would help to improve energy security and reduce reliance on states such as Russia.

"We have all witnessed how (Russia's President) Putin has manipulated and weaponized energy... Now more than ever, it’s vital that we bolster our energy security," he said in a statement. British efforts to reach the net-zero target have become a sharp dividing line between the governing Conservatives and the opposition Labour Party ahead of an election expected next year, with Sunak saying it should be met in a "pragmatic" way that does not add to household bills.

The government argues that stemming the decline in domestic supply would reduce the carbon footprint when compared with an alternative option of importing liquefied natural gas, however it is facing legal challenges from climate activists and green groups who warn increasing fossil output is at odds with the goal.

Sunak said the new licenses were compliant with the government's environmental targets. The North Sea Transition Authority (NSTA) regulator expects the first of the new licenses to be awarded in the autumn. It is still evaluating 115 bids from producers for fields in the ongoing licensing round which closed in January.

Sunak, who will visit an energy infrastructure site in Scotland on Monday, said the new CCS clusters would also help support thousands of jobs. The plans were welcomed by energy companies, including Shell and Harbour Energy, who are among the partners in the Acorn CCS project which will gain so-called Track 2 status and can now enter into commercial negotiations with the government.

Harbour's Viking CCS project to store CO2 in the depleted gas fields has also been awarded Track 2 status. Britain aims to use CCS technology, which involves capturing planet-warming carbon from industrial smokestacks before it hits the atmosphere and storing it underground, to hold 20 million to 30 million tons CO2 by 2030.

There currently is no large-scale or commercial CCS project operating in Britain, and the government has faced criticism for slow progress on its deployment.

We remind, Russia's seaborne diesel and gasoil exports in July rose by 5% from a month earlier to about 3.8 million metric tons as seasonal refineries maintenance slowed down, data from traders and Refinitiv Eikon showed. Idle primary oil refining capacity for July was estimated at 2.458 million metric tons, down from June by some 37%, Refinitiv data and Reuters calculations showed. Since the full EU embargo on Russian oil products took effect on Feb. 5, Turkey remains the main destination for Russian diesel and gasoil seaborne exports, reaching about 1.3 million metric tons in July, or about one third of total month supplies.

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