Russia to deliver second oil cargo to Brazil in September

MOSCOW (MRC) -- Russia loaded the second oil cargo for delivery to Brazil in September, two traders said and LSEG data showed, as per Reuters.

A tanker Apus loaded 100,000 tons of Varandey oil sourced by Lukoil in the Arctic port of Murmansk on Sept. 10, LSEG data shows. The vessel is expected to arrive in Brazil's Pernambuco area at the end of the month, according to LSEG data.

Lukoil did not reply to a Reuters request for comment. Lukoil loaded 80,000 metric tons of Varandey blend in August for delivery to Brazil making it the first Russian oil supply to the Latin American country on record.

The Stratos Aurora vessel was set to offload in the terminal of Madre de Deus port in Brazil, operated by Transpetro, a subsidiary of Petrobras, according to sources and shipping data.

Brazil has become one of major buyers of Russian fuel this year. The country is an oil producer and has it own refineries, but the produced volumes are not always enough for domestic demand. Brazil also imports crude oil for refining from west Africa and Saudi Arabia to add to refinery feeedstock.

We remind, Russia is shipping its first crude oil cargo to Brazil, as it seeks to diversify its list of buyers, which has been drastically limited by U.S. and EU sanctions. Russia has been heavily relying on India and China as main buyers of its crude after European embargo and price cap policies were imposed in December last year after Russia's action in Ukraine that Moscow calls a special military operation.

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MOSCOW (MRC) -- Sabic and Sinopec announced the commercial operation of a new polycarbonate (PC) plant at their 50-50 joint venture (JV) - Sinopec Sabic Tianjin Petrochemical Co Ltd (SSTPC), said the company.

Established in 2009, SSTPC is a mega-size petrochemical complex that already consists of nine world-scale production plants producing chemicals, polyethylene, and polypropylene. With an annual designed capacity of 260 KT, the new PC plant is a vital component of Sabic's PC growth strategy in China, allowing for further collaborations with global and local customers.

The development of the PC plant marks the next chapter of the JV and strengthens the partners' capability to meet regional PC market demands. The availability of SABIC's polycarbonate will primarily be for customers in the Greater China region, targeting major PC-related industries such as Electricals & Electronics, Consumer Goods & Appliances, automotive, healthcare products and Building and Construction applications. SABIC's portfolio of PC materials produced at SSTPC will be marketed under its LEXAN™ resin brand.

We remind, Saudi Basic Industries Corp (Sabic), one of the leading global petrochemical companies, today (August 3) reported a 85% plunge in its net profit for the second quarter which fell to SR1.18 billion (USD315 million) from SR7.9 billion (USD2.1 billion) last year mainly due to lower average sales prices. The net profit beat analysts’ mean estimate of SR1.05 billion, according to data compiler Refinitiv. Announcing its results for the three-month period ended June 30, 2023, Sabic said the group's average selling prices fell by 26%, while sales volumes were 4% lower due to scheduled maintenance activities.

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MOSCOW (MRC) -- SK Chemicals and Ottogi are actively taking the lead in reducing carbon emissions by applying 100% circular recycled materials to food containers for the first time in Korea, said Petnology.

SK chemicals announced on the 5th that it applied 100% of its circular recycled PET (CR-PET) to Ottogi's renewed pork cutlet and steak sauce packaging.

Circular recycle is SK chemicals' "chemical recycling" technology that enables infinite reuse by breaking down waste plastic to a molecular level and remanufacturing it into raw materials. Compared to the "mechanical recycling" method that cleans or cuts waste plastic into smaller sizes (flake form) for reuse, it has the advantage of maintaining the high-quality physical properties and safety.

Ottogi's renewed meat sauce containers use 100% "SKYPET CR," which were jointly developed by SK chemicals and Poonglim P&P, a food packaging subsidiary of Ottogi, after signing an MOU last year.

By applying SKYPET CR to meat sauce containers, greenhouse gas emissions can be significantly reduced compared to previous petroleum-based PET, meeting the needs of consumers who prefer eco-friendly products. In addition, there is an advantage in exporting to overseas countries such as in Europe where greenhouse gas regulations are strengthening.

We remind, Coca-Cola India recently launched its new 100 % rPET bottle for water – a significant milestone as it is the first time that a packaging made of 100 % recycled plastic is used for food or beverages in India. The food-grade rPET for the new bottles is produced by Srichakra Polyplast (India) Pvt Ltd on a Starlinger PET bottle-to-bottle recycling line.

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MOSCOW (MRC) - TotalEnergies restarted the coker at its 238,000-bpd Port Arthur, Texas, refinery, said people familiar with plant operations, said Reuters.

TotalEnergies restarted the 150,000-pd ACU-1 crude distillation unit (CDU) and 60,000-bpd vacuum distillation unit-2 (VDU-2), the sources said. A TotalEnergies spokesperson was not immediately available to comment.

The shutdown of ACU-1 because of a malfunction forced the shutdowns of VDU-2 and the 60,000-bpd coker on Aug. 23, the sources said.

CDUs operate at atmospheric pressure to perform the initial breakdown of crude oil into feedstocks for all other units at the refinery. Vacuum distillation units break residual crude oil from the CDU at vacuum pressure, increasing the yield from a barrel of oil.

Cokers convert residual crude oil from the CDUs and VDUs into either motor fuel feedstocks or petroleum coke, which can be used as a coal substitute.

The refinery's 40,000-bpd ACU-2 CDU was also shut on Aug. 23 but for planned work as part of a two-month multi-unit overhaul that includes the 76,000-bpd gasoline-producing fluidic catalytic cracker-2, and 5,000-bpd alkylation unit, the sources said.

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MOSCOW (MRC) -- As a partner of the Foundation since 2016, Arkema reinforces its commitment to developing the interest of middle and high school students in science, technology, and digital engineering by introducing them to related careers. Arkema is also a member of the Foundation's board of directors, said the company.

Education and science, integration and inclusion are major issues for Arkema, which has been involved with Fondation CGenial for many years. In September 2023, Arkema will join the circle of "Genialissimes" patrons of the Foundation, multiplying the number of classroom visits and presentations by its employees and supporting new programs such as gender workshops to promote the feminization of scientific careers.

"As a leader in Specialty Materials, it's essential that we support pedagogical and educational initiatives that give young people a taste for science. We share the Foundation's mission to promote science and showcase industrial careers to encourage the professions of tomorrow. In line with the initiatives of recent years, it seemed natural for us to invest even more by becoming a major sponsor, thus reinforcing, and extending the impact of our actions alongside Fondation CGenial", asserts Thierry Parmentier, Executive Vice President, Human Resources and Corporate Communication.

"Arkema has become a major partner of Fondation CGenial by involving its employees in our activities and opening its sites throughout France. We're delighted to have taken this next step, which will allow us to increase our impact." Helene Chahine, General Delegate of Fondation CGenial.

We remind, Arkema plans to acquire Polytec PT, a Germany-based company that develops thermal interface materials for batteries and engineering adhesives for the electronics market. The acquisition would strengthen the product offering of Arkema’s Bostik adhesives business to the fast-growing batteries and electronics markets, it said.

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