MOSCOW (MRC) -- RusVinyl's polyvinyl chloride (PVC) production facility in Kstovo (NizhnyNovgorod Region), ranking among Russia’s largest petrochemical investment projects, was inaugurated on 19, September, said the producer in its press-release.
Vladimir Putin, the Russian President, attended the grand opening ceremony, along with Alex van Meeuwen, Belgian Ambassador to Russia, Valery Shantsev, Governor of Nizhny Novgorod Region, Leonid Mikhelson, Chairman of SIBUR’s Board of Directors, Alexander Dyukov, Deputy Chairman of SIBUR’s Board of Directors, Jacques van Rijckevorsel, Chairman of the Board of SolVin, Dmitry Konov, CEO of SIBUR, and Guenther Nadolny, CEO of RusVinyl. RusVinyl is a joint venture between SIBUR, Russia's leading gas processing and petrochemical company, and SolVin, and was created to construct a new PVC production site that could meet a significant part of domestic demand.
RusVinyl is one of the largest PVC producers in Russia with an annual production capacity of 330,000 tpa of PVC and 225,000 tpa of caustic soda. It will benefit from the nearby supply of ethylene, a key raw material for PVC, from SIBUR-Kstovo's steam cracker, expanded to 360,000 tpa especially for the RusVinyl. Salt, the other feedstock for PVC production, will be provided from Belarus and from the Astrakhan Region of Russia.
In 2013, PVC consumption in Russia exceeded 1 mt, of which only 0.6 mt was produced locally. RusVinyl will provide its top-quality products to the undersupplied Russian market and is aimed at the further development of downstream operations and consumption of petrochemicals.
Leonid Mikhelson, Chairman of SIBUR's Board of Directors, said "SIBUR has increased its production capacity of ethylene in Kstovo, which guarantees the supply of the raw material to the new PVC complex. This has ensured the creation of a new, competitive and cutting edge industrial facility. The best global practices and technologies have been introduced to the Russian market due to the realisation of the latest large scale investment project. The new petrochemical facility will beneficially impact Russia’s economic development by meeting the challenge of import substitution." "SolVin is proud to have successfully completed this project, which is among its biggest industrial achievements ever. SolVin’s experts from across the globe pulled together with SIBUR’s team made this the most modern and most environmental friendly, fully-integrated PVC production plant in the world," said Jacques van Rijckevorsel, Chairman of the Board of SolVin.
This greenfield project, with an investment exceeding RUB 60 bn (EUR1.4 bn), entirely complies with Russia's strictest environmental regulations. Thanks to cutting-edge vinyl technology, fully automated production and state-of-the-art equipment, the facility's environmental footprint is marginal. Each section of the facility has multi-tier safety systems. An advanced membrane method prevents hazardous substances from being formed during electrolysis. Finally, RusVinyl uses a patented technology that makes electrolysis completely waste-free.
As MRC wrote before, RusVinyl started commercial production of suspension PVC (SPVC) on 10, September.
LLC "RusVinyl" is a joint Russian-Belgian venture founded by SIBUR, Russia"s largest petrochemical company, and the Belgian company SolVin, a leading PVC producers in Europe. The project started in 2007 and was targeted for a construction of a plant with the annual capacity of 300,000 tonnes of PVC, 30,000 tonnes of emulsion PVC and 225,000 tonnes of caustic soda.
MRC
MOSCOW (MRC) -- Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers, announces the appointment of Mark J. S. Tonkens as Chief Financial Officer (CFO) and member of the Executive Board effective 1 November 2014, said the company in its press release.
He succeeds Daniel J. Shook who has decided to pursue career opportunities outside Borealis.
Mark J. S. Tonkens joined Borealis in 2009 and last held the position of Senior Vice President Group Controlling. He has a Master of Science (MSc) degree in Business Economics and a post graduate Chartered Accountant (Register accountant) degree from the University of Groningen in the Netherlands. Before joining Borealis he fulfilled a number of senior management roles in the Royal Philips group as CFO and Senior Vice President of various major global Business Units or Country Organisations located from the Netherlands and Greece in Europe to Taiwan and Hong Kong in Asia.
Mark Tonkens is a Dutch citizen, has three children and lives in Vienna, Austria.
"We welcome Mark to the Borealis Executive Board," comments Mark Garrett, Borealis Chief Executive. "We are looking forward to his contribution to building upon our successful performance over the past years, as well as continuing to strengthen our leading position. At the same time, we would like to thank Dan for his outstanding contribution to the success of Borealis over the past 7 years, wishing him success and enjoyment in his new challenge."
As MRC wrote before, Borealis signed an agreement for technology, engineering and project management company Neste Jacobs to deliver EPCM services for the upgrade of the process section part of Borealis' steam cracker to enable increased ethane cracking in Stenungsund, Sweden. The steam cracker is one of the most feedstock-flexible in Europe and in addition to ethane, it can also crack naphtha, propane and butane.
Borealis is a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers. The only polyethylene (PE) producer in Sweden, Borealis’ Stenungsund facilities include a PE plant, a cracker for ethylene and propylene production, and an innovation center focused on research and development for infrastructure markets.
MRC
MOSCOW (MRC) -- Showa Denko is in plans to shut its vinyl acetate monomer (VAM) plant for maintenance turnaround, as per Apic-online.
A Polymerupdtae source in Japan informed that the plant will be shut in March 2015. It is planned to remain off-stream for around one month.
Located at Oita in Japan, the plant has a production capacity of 175,000 mt/year.
As MRC wrote previously, last year, Mitsubishi Corporation (MC), a major petrochemical producer, and Showa Denko K.K. (SDK) entered into a strategic partnership in the Fullerene business.
Fullerene is a molecule composed entirely of carbon. It takes the form of a soccer ball and is one nanometer (one-millionth of a millimeter) in diameter. As the molecule is soluble in organic solvents and is an excellent electron acceptor, it is seen as a promising material in the field of electronics, particularly for such applications as n-type material for organic photovoltaic (OPV) cells.
Showa Denko K.K. is mainly engaged in the petrochemical business. The Petrochemical segment manufactures and sells olefin, organic chemicals and others. The Chemical Product segment supplies chemicals, industrial gases, special gas and functional drug for semiconductors, functional high molecular materials, among others.
MRC