Malaysia's Risda to invest USD 23 mil in Sarawak for rubber replanting

(chemnet) -- Malaysia's Rubber Industry Smallholders Development Authority, or Risda, plans to invest MR67.5 million (USD 22.5 million) in Sarawak state in 2012 to replant natural rubber trees.

The investment will affect about 5,000 hectares of land and the amount is larger than the MR17.7 million invested from 2009 to 2011.

In Sarawak, rubber trees have been planted on about 157,163 hectares of land, consisting of 151,474 hectares of matured area and 5,689 hectares of immature area, according to Sarawak's agriculture department.

In late October, the Malaysian government allocated MR195 million for rubber replanting and new rubber cultivation programs in the country for fiscal 2011-2012.

Malaysia is the third largest rubber producer in the world, after Thailand and Indonesia, and made 916,259 mt of the commodity over January-November 2011, data from the Department of Statistics showed.

MRC

Saudi Aramco Sets Out For Expansion in Asia

(process-worldwide) -- Saudi Aramco, Saudi Arabia's state owned national oil company plans big expansions in Asia. The company presented plans to increase refinery operation by 50 percent to 6 million barrels/day, investing around USD 90 billion.

Jeddah/Saudi Arabia - Arabian refinery giant Saudi Aramco announced plans to invest USD 90 billion to increase refining capacity by 50 percent up to six million barrels/day within the next five years. Most of this future growth is not planned for the domestic Middle Eastern markets, but for refinery operations in Asia: The bulk of Aramco's future refinery expansions is planned for China, said Saudi Armco's CEO Kalidh Al-Falih.

For China, the company plans to enter joint ventures with local partners, to tap the increasing oil consumption of Asia's biggest energy user. According to Frost & Sullivan, a growth partnership company, Saudi Aramco's growth plans are clearly aligned with the diversification objectives of the Kingdom of Saudi Arabia. Other plans of Saudi Aramco include the expansion of its petrochemical branch as well as the exploration of unconventional gas sources such as shale and tight gas, officials stated.

MRC

US film and bag recycling grew double-digit

(chemnet) -- Plastic film and bag recycling in the US is on the increase, jumping 14% in 2010 to 971.8 million pounds, according to a new report.

The annual increase is the first of more than 3% since 2006. "We are excited about the dramatic jump, said Keith Christman, managing director of plastics markets for the American Chemistry Council (ACC).

"The communication is getting out that plastic bags can be recycled. A lot more bags have messages on them that say bring it back,' he said. However, Mark Murray, executive director of Californians Against Waste, said the percentage increase was misleading.

"By every measure, plastic bags remain a recycling failure, Murray said. "The reported growth in plastic bag recycling volume of 27 million pounds from 2009 to 2010 was completely swamped by the Environmental Protection Agency's reported 220 million pound growth in plastic bag generation during the same period, he said.


"The volume of plastic bags generated and disposed grew by a substantially greater volume than recycling in 2010, Murray added.

The amount of plastic bags and film collected in 2010 jumped 14% from nearly 854.4 million to 971.8 million pounds in 2010, according to data compiled by Moore Recycling Associates and released by ACC yesterday.

By comparison, the cumulative percentage increase the previous three years was just 5.2%, with yearly individual increases of 2.24% in 2007, 0.25% in 2008 and 2.64% in 2009.

MRC

12 companies to secure commodity supply of raw materials for German industry

(specialchem4adhesives) -- The Federation of German Industry, BDI, recently announced that twelve German companies: Aurubis, BASF, Bayer, BMW, Chemetall, Daimler, Evonik Industries, Georgsmarienhtte Holding, Bosch, steel holding Saar, Thyssen Krupp and Wacker Chemie have formed a collaboration to establish an alliance in order to secure the supply of industrial raw materials for German industry.

"We are working together to build a powerful organization, which aims to improve the security of Germany sustained commodity" said BDI Vice President Ulrich Grillo on Monday in Berlin on the sidelines of the first meeting of the corporate supporters that accompany the start-up phase. The foundation phase is supported free of charge from the Boston Consulting Group, Egon Zehnder, Lovells and PricewaterhouseCoopers.

The Alliance aims to invest in resource projects in order to improve the long-term supply of industrial raw materials in German industry.
It is open to other companies as well. Priorities of the alliance's foundation phase are raw material clarifying, organizational and legal issues and the establishment of corporate structures. BDI is not directly involved in the financing and operational work.

The managing director of the alliance is Member of the Board of Management of E.ON Energie AG, Munich, Germany - Dierk Paskert. The BDI is developed under the direction of Grillo, the concept for the Alliance. "The company's focus will be on raw materials for which there are strong supply risks for German industry" said Grillo, BDI Vice President.

"The alliance will address raw materials at an early stage of the project and will explore opportunities to create purchase and participation options for German companies", underlined Grillo. In specific cases the raw material alliance will also be active with the extraction and processing of raw materials.


MRC

Mexico's Mexichem buys PVC pipe producer Wavin for EUR531mln

(mexichem) -- Dutch polyvinyl chloride (PVC) pipe producer Wavin has agreed to a takeover bid from Mexichem for EUR531mln (USD708mln), the two companies said on Wednesday.

PVC producer Mexichem intends to make a recommended all-cash public offer of EUR10.50 per ordinary Wavin share, which values 100% of the issued and outstanding shares at approximately EUR531m, the two companies said in a statement.

The combination of Wavin and Mexichem creates the global market leader in plastic pipe systems with total annual sales of around EUR 4.0 billion.

Mexichem and Wavin are highly complementary with very limited geographic overlap
The combined group will have stronger design, engineering and R&D capabilities whilst leveraging Mexichem's low cost manufacturing platform.
The combined group will have a more diversified end-market profile across the residential, non-residential and infrastructure segments exposing it to different economic and construction cycles.

Wavin will retain a separate operating and legal structure with headquarters in Zwolle, the Netherlands.
Wavin's brand will be retained and R&D innovation centre will be kept in the Netherlands.
Existing rights of the employees, including pension rights, will be respected and the current .

MRC