Rohm presents meracryl proterra mma based on sustainable raw materials

Rohm presents meracryl proterra mma based on sustainable raw materials

MOSCOW (MRC) -- Rohm‘s trademark for methacrylate monomers, MERACRYL®, stands for high-quality products, supply reliability and excellent customer service. At EPCA 2023, Rohm is launching a resource-saving alternative to their long-established methyl methacrylate (MMA), said the company.

For MERACRYL® proTerra MMA, 30 percent fossil raw materials are substituted by sustainable raw materials from circular, recycled or biogenic sources, certified by the International Sustainability and Carbon Certification ISCC PLUS. The product’s carbon footprint is reduced by 25 percent. Rohm guarantees the same specifications, quality and reliable processes.

“We are looking forward to meet our customers and industry partners at this year’s EPCA”, states Hans-Detlef Luginsland, Senior Vice President Bulk Monomers. “As European producer we are thrilled to provide a sustainable solution to our customers to support their sustainability goals. EPCA is a great opportunity to discuss the industry transformation towards sustainable and green solutions in the methacrylates industry.”

Sustainability is an integral part of Rohm’s global business strategy. By the year 2050, Rohm aims to become climate-neutral by eliminating greenhouse gas emissions. A first milestone on this path is the “Track 2030” initiative with the goal of significantly reducing carbon dioxide emissions, resulting from the production or sale of Rohm products. The company has set itself an ambitious goal with the target of 30 percent per ton compared to 2020.

Rohm’s proTerra brand suffix is the quality seal for sustainable products and services that were made from sustainable raw materials, make a significant contribution to promote the circular economy and that save resources, such as raw materials, energy or water.

We remind, Rohm has spent the past 18 months on, among other things, the construction of a new innovation centre at its site in Worms, Germany. The project has now been finished and the new centre was festively opened during a ceremony attended by the managing partners of the Thelen Group, the real estate investor and general contractor for the project, and invited guests.

LUKOIL receives the highest level in the RBC and NCR ESG index

LUKOIL receives the highest level in the RBC and NCR ESG index

MOSCOW (MRC) -- LUKOIL Group was assigned the highest, first level in the ESG index prepared by the analysts of RBC media holding and NCR rating agency, said the company.

This fact confirms the Company's commitment to apply the best environmental, social and corporate responsibility practices.

In 2023, over 100 Russian companies representing various economy sectors were included in the index. The assessment was conducted on the basis of the submitted questionnaires and data from open sources, with account of the specifics of each industry. In particular, the analysis covered data on investment into environmental technologies, emissions of harmful substances, adherence to labour legislation, existing social safety net for employees, options for professional development, fairness of wages, and other aspects.

We remind, PJSC LUKOIL and the International Association of LUKOIL Trade Union Organizations signed an agreement until the end of 2026. The document outlines the main principles and conditions for managing social and labour issues, as well as provides for additional social guarantees, more extensive than those set by the current legislation.

LUKOIL is one of the largest oil & gas vertical integrated companies in the world accounting for over 2% of crude production and circa 1% of proved hydrocarbon reserves globally. LUKOIL enjoys a full production cycle to control the entire value chain from upstream to downstream. LUKOIL employs over 110 thousand people who join their efforts and talents to secure the Company’s market leadership.

Shinkong secures US FDA approval for R-PET

Shinkong secures US FDA approval for R-PET

MOSCOW (MRC) -- Thai Shinkong Industry Corporation (TSIC) recently secured the approval from the US Food and Drug Administration (FDA) on the use of its recycled materials for food-contact packaging, said the company.

The US FDA approval is key for TSIC to tap on the US market, which is currently a major buyer of R-PET pellets from Shinkong’s facility in Taiwan.

TSIC, which is a joint venture between Mitsubishi Corporation and Shinkong Synthetic Fibers Corporation, launched its new R-PET facility in Rayong, Thailand in early September.

Currently, it is in the process of securing approvals from major brands to be able to supply bottle-grade R-PET pellets to both local and overseas markets.

We remind, Thai Shinkong Industry Corporation (TSIC) in mid September commenced operations at its new recycled polyethylene terephthalate (R-PET) facility in Rayong, Thailand.

TSIC is a joint venture between Japan’s Mitsubishi Co and Taiwan’s Shinkong Synthetic Fibers Corp, which will offer chemically recycled R-PET pellets from southeast Asia.

South Korea's SK Energy offers more October gasoil

South Korea's SK Energy offers more October gasoil

MOSCOW (MRC) -- South Korea's SK Energy, owned by SK Innovation, is offering more October-loading 10ppm sulfur gasoil for sale, after selling around nine cargoes in the past few weeks, three industry sources familiar with the matter said Reuters on Monday.

The refiner is looking to sell one 300,000-barrel 10ppm sulfur gasoil cargo loading Oct. 30 to Nov. 2, the sources said. One 500ppm sulfur gasoil cargo is also available via this sale tender, for loading on Oct. 25-27, they added.

The tender for these cargoes close on Sept. 25 with same-day validity. SK Energy previously sold around nine 10ppm sulfur gasoil cargoes in the past two weeks between premiums of $1.70 a barrel and a discount of 60 cents a barrel to free-on-board Singapore prices.

The refiner could be trying to capitalize on lucrative margins now, given the backwardated market structure where October prices are trading at least $3 a barrel higher than November prices, one of the three sources said.

SK Energy typically does not comment on commercial matters.

We remind, Russian government has approved some changes to its fuel export ban, lifting the restrictions for fuel used as bunkering for some vessels as well as diesel with high content of sulfur. It also lifted restrictions on the export of fuel already accepted for export by the Russian Railways and Transneft before the initial ban had been announced last week. The ban on all types of gasoline and high-quality diesel remains in place.

Worley awarded FEED for QatarEnergy LNG’s largest CO2 sequestration project

Worley awarded FEED for QatarEnergy LNG’s largest CO2 sequestration project

MOSCOW (MRC) -- Worley has been selected to develop the Front-End Engineering Design for QatarEnergy LNG’s CO2 sequestration project in Ras Laffan, Qatar, said Hydrocarbonprocessing.

Through this CO2 sequestration project, there will be the capacity to capture 4.3 million metric tonnes of CO2 per annum, which will help QatarEnergy LNG to further reduce their environmental impact across the LNG value chain by reducing the greenhouse gas emissions from QatarEnergy LNG North’s 7 LNG trains and QatarEnergy LNG South’s 3 LNG trains.

CO2 will be captured from the trains, compressed, and injected into the new injection wells. New compression trains and pipelines need to be installed after FEED is completed. Using QatarEnergy LNG’s selected concept, Worley will develop the FEED study and EPC scope of work.

The project team at Worley’s Carbon Capture, Utilization and Storage (CCUS) Centre of Excellence will aim to prove the pre-FEED concept by modelling the CO2 capture process. This high-level technical approach will instill further confidence to expand the CO2 sequestration technology in the future to include the remaining trains at QatarEnergy LNG South and North.

Nawar Chapman, Country Manager Qatar & Kuwait at Worley stated, “Having worked alongside QatarEnergy LNG for over a decade, we are delighted to be involved in this project and support Qatar on its sustainability journey. This project presents an opportunity to utilize our in-depth knowledge of the region and global expertise in delivering FEED services to the CCUS sector to drive project delivery. As we work towards our purpose of delivering a more sustainable world.

The project will have international involvement from Worley’s teams in Qatar, and Australia, and is set for completion in April 2024.

We remind, Russia's Transneft suspended deliveries of diesel to the key Baltic and Black Sea terminals of Primorsk and Novorossiysk on Friday. Russia temporarily banned exports of gasoline and diesel to all countries outside a circle of four ex-Soviet states with immediate effect to stabilize the domestic fuel market, the government said on Thursday, without a specified end date.