Petrochemicals Biodegradable Hydrogen 18-09-2020
Petrochemicals Biodegradable Hydrogen
Crude Oil Prices Trend
Canadians have relied on the sanitary benefits of plastic during the coronavirus pandemic, with some reports showing upwards of a 250-per-cent increase in single-use plastic. As Albertans, we are part of that statistic and we know this trend is expected to continue with plastics as the go-to material that is lightweight, cost-effective and essential for our health and safety. While plastic use increases, there’s a little-known fact that Alberta is experiencing a surge in plastics sustainability.
Many stakeholders, focused on finding solutions to address plastic waste, have come together to manage environmental outcomes and capture lost value from the material. The goal is a circular economy for plastics — where materials are designed for reuse and recycling and producers demand recycled content for their products. This means reducing plastic waste by being smarter about how it is managed.
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China’s chemical fibre products manufacturer Hengyi Petrochemical is reportedly planning to spend $13.65bn to build the second phase of a refinery and petrochemical complex in Brunei.Petrochemicals Biodegradable Hydrogen
Hengyi plans to add a 14Mpta (equivalent to 280,000 barrels per day) crude oil refinery and a 2Mtpa paraxylene unit at its Palau Muara Besar complex.
It also intends to build a 1.65Mtpa ethylene plant and a 2.5Mtpa purified terephthalic acid (PTA) facility, Reuters reported.
Paraxylene and PTA are the potential materials for making polyester fibre used in textiles and packaging.
Construction of the petrochemical complex will take three years.
According to the company, investment on the project is expected to bring an ‘additional annual net profit’ of around $1.72bn.
Hydrogen, long touted as the fuel of the future, had a bit of a coming-out party at this week’s S&P Global Platts Asia Pacific Petroleum Conference, as some of the world’s biggest refiners, drillers and traders extolled it as key to fighting climate change
Indian Oil Corp., one of the biggest refiners in Asia, is taking the bus to reach what it considers the future of energy: hydrogen.Petrochemicals Biodegradable Hydrogen
The company that sells almost half the oil products in India will deploy 50 buses around the capital powered by a blend of hydrogen and compressed natural gas, Chairman Shrikant Madhav Vaidya said. The fleet will serve the public and could start rolling as soon as this year, potentially creating a new market for a producer trying to rebound from its first annual loss in at least 20 years.
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Global Post-Consumer Recycled Plastic Packaging Market Dynamics
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Global reverse vending leader TOMRA has unveiled its robust solution for big-city recycling, the TOMRA S1 Rugged.
Designed to withstand challenging weather conditions, this innovative reverse vending machine (RVM) has been designed for returning drink containers for recycling in semi-outdoor, metropolitan locations. TOMRA S1 Rugged hits the US market today and will roll out to other markets in the future.Petrochemicals Biodegradable Hydrogen
TOMRA S1 Rugged can withstand demanding use as well as increased exposure to the elements in metropolitan areas. It has been tested to comply with product standards for water resistance, making it ideal for semi-outdoor locations. The reverse vending machine’s touchscreen display is easy to read, even in bright sunlight. With TOMRA Flow Technology, the TOMRA S1 Rugged accepts containers in a smooth, fast flow, with top-of-the line system integrity.
The Polyplastics Group has launched a new grade of DURANEX polybutylene terephthalate (PBT) resin which delivers significant improvements in hydrolysis resistance and heat shock resistance for a range of applications.Petrochemicals Biodegradable Hydrogen
DURANEX 201HR is a new offering which ensures long-term reliability of parts and expands the penetration of DURANEX PBT in the automotive market.
DURANEX 201HR is an unfilled material which drastically improves hydrolysis resistance, which is an issue in the molecular structure of resins, while also maintaining the excellent mechanical and moulding properties of conventional PBT resins. Ideal for use in high-humidity environments, DURANEX 201HR can extend the usage life of a broad range of products. It is particularly well-suited for automotive connectors which function in harsh operating environments.
DURANEX 201HR complements Polyplastics’ DURANEX LT Series which also significantly improves heat shock resistance by enhancing toughness of the resin as well as relaxing strain due to heat shock cycle testing. Its performance even surpasses that of polyphenylene sulfide (PPS) resin, which is known to be one of the top resins in terms of heat shock resistance.
EU chemicals trade has shrunk this year as the coronavirus pandemic has spread and lockdowns have restricted industrial activity and consumer goods demand.
Trade is vitally important for the sector which has enjoyed a strong trade balance over the years. Chemicals has benefited hugely from globalisation and from broad-based tariff reductions.Petrochemicals Biodegradable Hydrogen
A key question is how the pandemic will impact trade over the longer term.
Through lockdowns, local production for local supply was of vital importance. Producers worked hard to supply and work with customers as best they could, but long trade routes came under particular pressure.
An underlying trend may be towards more local supply for local demand, although how that might be achieved in such an asset and investment heavy industry as chemicals remains to be seen.
For years, large companies have sought to produce from bigger, more efficient hubs, strategically placed to serve increasingly globalised markets.
A long-awaited tie-up between Sinochem and ChemChina looks closer, but the timing is precarious.Petrochemicals Biodegradable Hydrogen
Three years of efforts to combine China’s giant state-owned chemicals companies Sinochem Group Co. and China National Chemical Corp., or ChemChina, may finally be paying off. A merger between the two unlisted companies is at last “in progress,” Frank Ning, the chairman of both companies, said last week.
Such a deal would create a behemoth with about 1.04 trillion yuan ($152.2 billion) of revenue. If it was ever listed, that might result in a market capitalization of 777 billion yuan on the 0.75 times price-sales multiple typical of large chemical businesses — roughly the size of BASF SE, Dow Inc., and Nutrien Ltd. put together.
Kemira has signed a multiyear extension of its polymer supply agreement with Ithaca Energy, the Finnish chemicals company said on Wednesday.
Kemira says it has signed a multiyear extension to its polymer supply agreement with Ithaca Energy (Aberdeen, UK).Petrochemicals Biodegradable Hydrogen
The agreement extends the contract between the two companies, signed in 2018, covering the supply of polymers to enhance oil extraction performance at one of the assets operated by Ithaca Energy in the UK North Sea.
The extended supply agreement is expected to utilize product from an expansion of polymer production capacity for chemical enhanced oil recovery at Kemira”s Botlek, Netherlands, site that took place in 2017, the company says.
The financial or volumes details of the supply deal with Ithaca were not disclosed.
Ethylene and propylene are feedstocks for producing PE and polypropylene (PP).
Sinopec Zhongke Refinery and Petrochemical has started selling on-spec polypropylene (PP) materials in the open market with limited quantity from its new plant in China, reported S&P Global with reference to sources.
Thus, first lots of commercial material enterd the market in early September, 2020.
The company successfully completed the trial run at its newly constructed PP plant, consisting of two lines, and proceeded to commercial production within the month of August. Petrochemicals Biodegradable Hydrogen
Thus, No. 1 PP unit with an annual capacity of 350,000 tons/year started producing commercial cargoes on 18 August 2020. The initial output might be homo-PP yarn before the company switches to PP fiber grades. And No. 2 PP line with nameplate capacity of 200,000 tons/year was scheduled to produce commercial cargoes on 24 August 2020, making homo-PP injection and high MI PP copolymer.
As MRC wrote previously, Sinopec Zhongke successfully conducted trial runs at its new 350,000 tons/year No. 1 PP unit on 9 June, 2020.
Petrochemicals Biodegradable Hydrogen