Evonik inks distribution agreement with Nexeo Solutions

MOSCOW (MRC) -- Evonik Corporation’s High Performance Polymers Business Line has announced a distribution agreement with chemicals, plastics and composites distributor Nexeo Solutions for VESTAMID, VESTAMID Care, TROGAMID and TROGAMID Care product lines used in medical device applications, reported the company on its site.

"We are very excited about this alliance with Nexeo Solutions," said Sabine Fleming, business development manager of Evonik Corporation’s High Performance Polymers Business Line. "Nexeo Solutions has a dedicated healthcare team with significant expertise in the distribution of plastics and chemicals used for medical devices. This alliance will offer Evonik Corporation broader medical market exposure and our customers more supply chain flexibility for our specialty high performance polymers. Our customers will benefit from Nexeo Solution’s excellent distribution service and market presence."

TROGAMID is a key ingredient for stopcocks, valves used to restrict or isolate the flow of liquids or gases.

Evonik Corporation’s VESTAMID and TROGAMID are specialty polymers characterized by excellent chemical resistance, biocompatibility, durability.

As MRC wrote previously, Evonik Industries, the German specialty chemicals company, has announced a significant expansion of its Jurong Island, Singapore oil additives plant, to be completed in early 2015. With ongoing improvement and debottlenecking projects scheduled to be finalized during the first half of 2014, these optimizations and the planned expansion will nearly double the capacity of the oil additives plant in Singapore.

Nexeo Solutions is the largest global chemical, plastics and composites distributor and environmental services with a centralized business model. As a private company employing more than 2300 employees with operations across North America, Europe and Asia, Nexeo Solutions is a leading distributor of chemicals, plastics, composites and environmental services.

Evonik Industries is an industrial corporation in Germany and one of the world's leading specialty chemicals companies. Company's specialty chemicals activities focus on high-growth megatrends, especially, health, nutrition, resource efficiency, and globalization, and on entering attractive future-oriented markets. In 2012 Evonik generated sales of EUR13.6 billion and an operating result (adjusted EBITDA) of EUR2.6 billion.
MRC

MOSCOW (MRC) -- JX Nippon Oil & Energy is in plans to restart its residue fluid catalytic cracker (RFCC), as per Apic-Online.

A Polymerupdate source in Japan informed that the unit is likely to be restarted on October 20, 2013. It is currently under a maintenance turnaround.

Located at Sendai in Japan, the RFCC unit has a propylene production capacity of 100,000 mt/year.

As MRC reported earlier, JX Nippon Oil & Energy Corp. is considering shutting down oil refinery operations at its Muroran plant in Hokkaido by the end of March 2014. JX Nippon will keep the Muroran refinery as a manufacturing plant for petrochemical products and keep its employees through job displacement.

The Nippon Oil Corporation, or NOC or Shin-Nisseki is a Japanese petroleum company. Its businesses include the exploration, importation, and refining of crude oil; the manufacture and sale of petroleum products, including olefines (ethylene, propylene) and aromatics.
MRC

MOSCOW (MRC) -- Taiyo Vinyl Corporation, a subsidiary of Tosoh Group, is expanding its polyvinyl chloride (PVC) capacity at Chiba, Japan, by 10,000 tonne per year with construction of a new unit, as per Tosoh's press release.

Replacing aging production facilities with state-of-the-art facilities improves safety, enhances production efficiencies, stabilizes supply and raises the plant’s ability to meet increasing demand, explained Tosoh, which controls 68% of Taiyo Vinyl.

The additional capacity is expected to be completed in October 2014.

We remind that, as MRC reported earlier, Honeywell UOP has been selected by Japan's Taiyo Oil to supply technology and catalysts to improve operational flexibility and increase petrochemical production at the Shikoku complex in Ehime, Japan.

Taiyo Vinyl Corporation, a subsidiary of Tosoh Group, is one of the major Japanese polyvinyl chloride (PVC) producer. The Chiba plant is a vital supply hub for Taiyo Vinyl. It ships PVC to over 50% of the subsidiary’s customers located in the Kanto region of Japan, which includes Tokyo.
MRC

MOSCOW (MRC) -- Petrofac, an international service provider to the oil and gas industry, Linde and GS Engineering & Construction Corporation have been engaged by KLPE to provide services to the development of its Integrated Petrochemicals Complex and Infrastructure project, in the Tengiz and Karabatan regions of Kazakhstan worth up to USD3.58 billion in total, according to Hydrocarbonprocessing.

The first part of the contract is worth USD77 million, of which USD21 million is Petrofac's share, and will involve the consortium undertaking engineering work on an open book estimate.

Petrofac will lead the consortium for the execution of the Integrated Petrochemicals Complex and Infrastructure, or IPCI, project.

Subject to satisfactory conclusion of the open book estimate, and successful contract conversion, it is contemplated that the IPCI project will move into a second phase, in excess of USD3.5 billion, for a polyethylene plant comprising two streams each producing 400,000 tpa of product.

Eventual scope for the IPCI petrochemical project will include the engineering, procurement, construction and commissioning of a gas plant, ethane cracker, gas pipelines, polyethylene plants and associated utilities and offsites in the Tengiz and Karabatan areas.

We remind that, as MRC informed previously, South Korean petrochemical company LG Chem is planning to build an ethylene production plant in Atyrau, Kazakhstan. The project is going to be constacted in collaboration with two other Kazakh firms. The production is expected to begin in late 2016. LG projects that the plant will manufacture up to 800,000 tonnes of ethylene a year by injecting a USD4.2 billion investment into the complex.
MRC

MOSCOW (MRC) -- India's cabinet has approved state-run Hindustan Petroleum Corp.'s (HPCL) 372 billion rupee (USD6 billion) refinery and petrochemicals complex in the northwestern state of Rajasthan, reported Hydrocarbonprocessing with reference to Information and Broadcasting Minister Manish Tewari.

The 9 million tpy refinery will mostly draw upon crude supplies from Cairn India Ltd.'s oilfields in the state.

Hindustan Petroleum will own 74% of the project, while the Rajasthan state government will own the rest. The refinery, located in Rajasthan's Bamer town, is expected to go on stream in four years.

The project's clearance comes ahead of state elections in Rajasthan, due to take place toward the end of this year.

Besides, as MRC wrote previously, another major Indian petrochemical (polypropylene, polyethylene and polyvinyl chloride) producer Reliance Industries plans to expand capacity at its refineries in the western state of Gujarat. Last year, the company unveiled an USD18 billion investment plan for India over the next five years.

India imports three-fourths of its energy requirement but has one of the world's largest refining capacities. The country has also emerged as one the largest exporters of refined products in the world.
MRC