Russia shipped 35% of petroleum product exports to Asia-Pacific countries in 2023

Russia shipped 35% of petroleum product exports to Asia-Pacific countries in 2023

Russia shipped over 35% of its petroleum product exports to countries in the Asia-Pacific region in 2023, Deputy Prime Minister Alexander Novak said in an op-ed in the Energy Policy publication, as per Interfax.

Novak said that Russia has redirected "the entire export volume of oil and petroleum products, which dropped following implementation of the sanctions, to new markets."

"The main buyers of Russian oil last year were countries in the Asia-Pacific region. Over 80% of Russian oil and over 35% of petroleum products were shipped to Asia-Pacific countries in general in 2023," Novak said.

As reported previously, friendly countries accounted for 86% of oil exports in 2023 versus 40% in 2021, and 84% of petroleum product exports against 30%, respectively.

Russia has not disclosed the export volume of petroleum products in 2023. The country's volume of oil refining totaled 275 million tonnes of the 530.6 million tonnes produced. Output of motor gasoline totaled 44 million tonnes and diesel fuel totaled 88 million tonnes. Processing intensity rose from 72% in 2000 to 84% in 2023, Novak said.

The International Energy Agency (IEA) has estimated that Russia exported 2.6 million barrels of petroleum products per day in 2023, with barrels converted into tonnes using various ratios depending on the product, a rise of 100,000 bpd versus 2022 and at the level of 2021.

Economic Development Ministry data indicate that Russia exported 144.1 million tonnes of petroleum products in 2021 and 127.4 million tonnes in 2022.

The outlook for socio-economic development forecasts Russia to export 131.3 million tonnes of petroleum products in 2024, 2025, and 2026, respectively, under the baseline scenario, and that the country shipped 128 million tonnes of petroleum products to foreign markets in 2023.

Russia's oil exports declined 3.3% year-on-year to 234.3 million tonnes in 2023.

We remind, Russia's oil refining capacities make it possible to not only fully satisfy the needs of the domestic petroleum products market, but also to supply the markets of neighboring countries.

Dow names Lange president of performance materials and coatings

Dow names Lange president of performance materials and coatings

Dow Inc. has appointed Brendy Lange, business vice president of industrial solutions, as president of its performance materials and coatings business, one of three operating segments within Dow, said the company.

He succeeds Mauro Gregorio, who will retire from Dow at the end of September after 40 years with the company. Dow said the transition will begin immediately.

Dow’s performance materials and coatings segment, with 2023 sales of USD8.5 billion, consists of two global businesses — coatings & performance monomers and consumer solutions — and includes the company’s operations in acrylics, cellulosics and silicones.

Lange has previously held roles at Dow in corporate development, electronic materials and the DowDuPont integration management office. Prior to joining Dow in 2010, Lange worked as a consultant at Deloitte Consulting in Chicago.

Gregorio has served as president of performance materials and coatings since February 2020. Previous roles include business president of consumer solutions from 2016 to 2020, where he led the integration of Dow Corning into Dow.

We remind, Dow and the Procter & Gamble Company announced a joint development agreement to create a new recycling technology to enable efficient conversion of hard-to-recycle plastic packaging into recycled polyethylene with near-virgin quality and a low greenhouse gas emissions footprint.

Solvay joins the Cyber Security Coalition to strengthen digital defenses

Solvay joins the Cyber Security Coalition to strengthen digital defenses

Solvay has become a member of the Cyber Security Coalition, a key step to strengthen its cyber defense capabilities and build a solid and secure digital ecosystem, said the company.

This membership aligns with Solvay’s dedication to protecting the integrity of its operations, the security of its supply chain and the privacy of customer data against the constantly changing landscape of cyber threats.

As digitalization continues to transform industries worldwide, cybersecurity becomes a critical aspect of operational resilience. Solvay’s engagement with the Coalition is part of its global cybersecurity policy, designed to protect the Group and its network of partners, customers, and stakeholders.

The Cyber Security Coalition brings together a variety of stakeholders, including private sector entities, academic institutions, and governmental bodies, all committed to strengthening Belgium’s digital defenses. Solvay's participation provides a valuable opportunity to exchange knowledge, best practices, and discover innovative strategies to stay ahead of emerging threats, mitigate risks, and strengthen the resilience of critical infrastructure.

We remind, Solvay and Carester announced the signing of a Memorandum of Understanding (MOU) to form a strategic partnership, aimed at leveraging the expertise of both companies to pursue manufacturing opportunities within the rare earth industry for the permanent magnets value chain in Europe.

Denka completes construction of chemical recycling plant

Denka completes construction of chemical recycling plant

Japan-based chemical companies Denka and Toyo Styrene have finished construction of the country's first polystyrene (PS) chemical recycling facility, said Polimerica.

Investment totalled approximately JPY 4 billion (EUR24.6 million). Denka and Toyo Styrene completed construction of the 3,000 tonnes/year pyrolysis facility.

Installed at the Denka Chiba complex, the new unit uses process technology provided by US-based Agilyx, under a licensing agreement stipulated in early 2022.

Once fully operational, it will be able to process up to 10 tons per day of pre- and post-consumer polystyrene, generating high-quality styrene monomer to be reused in the production of new styrenic resins, thanks to the purification process developed by Toyo Styrene itself.

In order to guarantee traceability and recycled content, the Japanese group is ISSC Plus certifying the Goi and Kimitsu plants to be able to apply mass balance to the allocation of circular styrene in its plastic resins.

With a production capacity of around 330,000 tonnes of polystyrene per year, Toyo Styrene is the leading styrenic producer in Japan. The company was founded in 1999 by Denka - which holds 50% -, Nippon Steel Chemical & Material (35%) and Daicel (15%).

KBR to provide Petro Rabigh with predictive maintenance services for Saudi petchems site

KBR to provide Petro Rabigh with predictive maintenance services for Saudi petchems site

KBR has secured a five-year asset condition monitoring program contract from Rabigh Refining & Petrochemical Company (Petro Rabigh) to deploy predictive maintenance services at its plant in Rabigh, Saudi Arabia, said the company.

The program will optimize asset lifecycle, enhance machinery performance and improve overall reliability. This collaboration aims to boost energy and equipment efficiency while mitigating operational risks, aligning with Petro Rabigh's commitment to safety and sustainability.

"We are pleased to build a longstanding partnership with Petro Rabigh and offer our innovative technology-led industrial solutions," said Jay Ibrahim, President, KBR Sustainable Technology Solutions. "KBR's predictive maintenance services improve operational efficiency and align with the clients' ESG objectives by promoting sustainability and responsible resource management."

We remind, KBR announced it has been awarded a project management contract by Sonangol for the design and construction of a new 200,000bpd refinery in Lobito, Angola. Under the terms of the contract, KBR will provide services encompassing the project management of engineering, procurement and construction phase execution.