Hydrogen-project – Carbon-capture 06-04-2022

Hydrogen-project – Carbon-capture

-SYSTEMIQ: European plastics system will need to make use of emerging technologies to meet circularity goals

According to a new report by SYSTEMIQ, the current measures being taken to adapt the European plastics system will not be enough to meet agreed climate goals, circularity policies, and the European Green Deal. The organisation says that recycling alone cannot fully enable a circular economy or mitigate carbon emissions and calls urgently for innovation, investment, and policy support across the value chain. In particular, the report emphasises the need to develop less mature pathways, such as green hydrogen, chemical recycling, and carbon capture, to support existing measures.  Hydrogen-project – Carbon-capture

The precedent

In the ‘ReShaping Plastics – Pathways to a Circular, Climate Neutral Plastics System in Europe’ report, SYSTEMIQ says that, in 2020, around 14% of plastic waste was recycled. This is a slightly lower figure than that suggested by AMI, which put forward the figure of 23.1% for the overall mechanical recycling rate in Europe in 2021.

However, both groups concur that a significant amount of plastic is lost either to landfill or incineration, or uncounted for due to gaps in waste data.

SYSTEMIQ, for example, estimates that 50% of Europe’s plastic waste is incinerated for energy recovery, while around 8-15 million tonnes of plastic are unaccounted for because of gaps in waste data. While some of this could be attributed to the plastic being ‘in use’ within the economy, the organisation says that this explanation does not encompass all of the missing data. “This data gap presents a major challenge to the understanding of the environmental and climate impacts of plastic,” the organisation warns.  Hydrogen-project – Carbon-capture

Hydrogen-project - Carbon-capture

-S.Korean naphtha importers to stop buying from Russia

South Korean naphtha cracker operators are expected to stop importing Russian petrochemical products after deliveries from existing contracts are completed, two industry sources told Reuters.Hydrogen-project – Carbon-capture

The country’s naphtha cracker operators will not sign any new contracts for Russian products and are working to diversify to other sources such as U.S. and India, the sources said, declining to be identified as they are not authorized to speak to media.

“Companies are unwilling to take the risk of trying to bring in Russian products after sanctions by the U.S. and others, when import and export processes could fall apart on any one of many points such as financial, insurance and shipping,” said one of the sources.

South Korean naphtha cracker operators had already flagged the possibility of seeking alternative supplies beside Russian petrochemical products, after Western countries imposed aggressive sanctions on Moscow following the invasion of Ukraine.

As per MRC, Clariant announced that it will suspend business with Russia in response to the Russian state’s intolerable acts of violence in Ukraine with immediate effect. Clariant’s operations in Russia include a sales office and a laboratory in Moscow and contribute approximately 2% to the company’s annual sales.

Honeywell has substantially suspended sales, distribution and service activities in Russia and Belarus.  Hydrogen-project – Carbon-capture

The company prioritizes the safety and security of the employees and partners in the region and responding to their immediate needs.

Hydrogen-project - Carbon-capture

-Klöckner Pentaplast adds rPET/PET capacity to Beaver site

Further growing sustainable healthcare and food packaging market in North America

Klöckner Pentaplast (kp), in recycled content products and high-barrier protective packaging, has chosen its production facility in Beaver, West Virginia for its multi-million dollar production expansion, adding post-consumer recycled content (PCR) PET capacity in North America.  Hydrogen-project – Carbon-capture

This expansion will further grow Klöckner Pentaplast sustainable innovation offering in consumer health, pharmaceutical, and food packaging markets through the addition of an extrusion line and two thermoformers, delivering a total of 15,000 metric tonnes of new rPET/PET capacity. kp currently leads the industry with over 20% of its volumes made from PCR material.

Scott Tracey, kp’s chief executive officer states, “The expansion responds to continued demand for sustainable options from our food packaging, pharmaceutical, consumer and label film customers. The extrusion line will support the production of important sustainable product lines such as kpNext recyclable pharmaceutical blister films, Smartcycle recyclable label and consumer packaging films. The thermoformers will produce award-winning kp Elite mono-material protein trays which are made using up to 100% recycled PET and are easily recycled creating a circular economy.”

The addition is part of kp’s continued North America expansion plans. The state has committed to local grants and incentives for the placement. The installation will add 60 jobs to the West Virginia facility with commercialization beginning at the end of 2022 for the first thermoform line. The extrusion addition will be completed in mid-2023.Hydrogen-project – Carbon-capture

Klöckner Pentaplast adds rPET/PET capacity to Beaver site

-India plans to impose anti-dumping duties (ADD) ranging from USD17.05-216.76 per tonne on imports of high-pressure polyethylene (LDPE) from Saudi Arabia, Thailand, Singapore and the United States for five years, ICIS reported.

Anti-dumping duties will not be applied to LDPE from the UAE and Qatar.

“The authorities recommend the introduction of a final anti-dumping duty for a period of five years to eliminate the damage caused to domestic industry,” the Directorate General of Trade Funds (DGTR) of India said in a notice dated March 31.

The Ministry of Finance is currently reviewing the rates and will decide on the introduction of add within three months. Hydrogen-project – Carbon-capture

India launched an anti-dumping investigation into LDPE imports from six countries in October 2020 and then decided to drop the investigation into the UAE and Qatar.

According to DGTR, the investigation was launched in October 2020 after a complaint filed by the Chemical and Petrochemical Industry Association (CPMA).

The study period covered four fiscal years from April 2016 to March 2020 and three months from April to June 2020.

The information is provided by Indian conglomerate Reliance Industries Ltd (RIL), the only LDPE producer in the country. Hydrogen-project – Carbon-capture

Hydrogen-project - Carbon-capture

-Ineos Styrolution raised the price of PS in the US

Ineos Styrolution has raised the prices of all grades of polystyrene (PS) by 9 cents per pound (USD198 per ton) in the United States, the company said.

The letter indicates as the reasons for the increase in costs associated with the production and supply of polystyrene, as well as the dynamics of the market.

PS contract prices rose for two consecutive months after the market experienced stable prices for five consecutive months between September and January.

Demand for polystyrene remains strong amid the continued expansion of manufacturing activities in the U.S. and reduced competition from polymers such as polypropylene (PP), polyethylene terephthalate (PET) and ABS. All of these polymers have faced a persistent shortage of supply, as well as higher prices in recent months.

Deliveries remain limited amid ongoing planned and unplanned downtime at styrene monomer plants.  Hydrogen-project – Carbon-capture

April’s contract prices for benzene rose from March, which is due to rising energy prices, while spot prices for Styrene in the US tend to rise due to limited supplies and high export demand from Europe.

March contract prices for PSS/M were agreed at 105-115 cents per pound and 113-123 cents per pound for impact resistant polystyrene (UPS/M), DEL US.

According to MrC ScanPlast, in Russia in January 2022, the total estimated consumption of PS and styrene plastics increased by 9% compared to January a year earlier and amounted to 49.17 thousand tons.

Estimated consumption increased for all types of PS relative to the same indicator last year. Hydrogen-project – Carbon-capture

Hydrogen-project - Carbon-capture

-Neste receives EU grant for clean hydrogen project in Finland

EUR 88 million granted by EU Innovation Fund for clean hydrogen project at Porvoo refinery in Finland

Neste has closed the grant agreement process with CINEA and the European Commission, following the earlier announced positive EU Innovation Fund grant decision of EUR 88 million to Neste’s clean hydrogen project at the Porvoo refinery in Finland. The ‘SHARC’ project introduces electrolysis and carbon capture and storage (CCS) solutions that allow the quick and efficient reduction of greenhouse gas emissions at the refinery. Neste’s project is in the feasibility phase with no final investment decision made yet and with the planned start of the operations around the mid 2020s.  Hydrogen-project – Carbon-capture

With this transformation project, a reduction of more than 4 million tons of CO2 emissions can be achieved at the Porvoo refinery in the first 10 years of operation. The project would strongly contribute to reaching both Finland’s and the EU’s climate targets by accelerating the green transition and has a significant role in Neste’s target of carbon neutral production by 2035.

“We are proud to be in the forefront of accelerating the European energy transition. With the SHARC project, Neste is pioneering in transforming industrial production by using clean hydrogen. The project will also build a foundation for the utilization of carbon dioxide and, for example, the production of electric fuels at the Porvoo refinery in the future,“ says Lars Peter Lindfors, SVP Innovation at Neste.

“This project is an essential step in our efforts towards carbon neutrality and to develop the Porvoo refinery into the most sustainable refinery in Europe by 2030.

By reforming our current hydrogen production and capturing emissions from the refinery, we will be strongly contributing to Finland’s climate targets.

SHARC will be one of the cornerstones of the future success of Neste,” says Markku Korvenranta, Executive Vice President of Oil Products at Neste.

Neste receives EU grant for clean hydrogen project in Finland

Hydrogen-project – Carbon-capture

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