BASF presents innovations across all application segments for the oil and gas industry

MOSCOW (MRC) -- At the SPE Annual Technical Conference and Exhibition (ATCE) on 27-29 October, 2014 in Amsterdam (The Netherlands) BASF, the world's petrochemical major, will showcase its range of innovative chemical solutions as well as sustainable solutions for the upstream oil and gas industry market, reproted the company on its site.

These solutions allow companies to maximize their operations throughout the different phases of petroleum production including drilling, cementing, stimulation, production and enhanced oil recovery.

BASF will be presenting innovations across all application segments:

Basoblock: cementing latex-based, film forming additives with tunable performance profiles that help block gas migration through the cement slurry. In addition, the high temperature latex stabilizer Emulphor FAS 30 used in conjunction with Basoblock can prevent latex coagulation and improves slurry rheology in brines.

BasoMSA: an excellent option for stimulating high temperature wells with a superior performance at high temperatures, outstanding corrosion behavior and superb environmental profile.

Aspiro: a new range of polymers and surfactants that can be applied in a large variety of field conditions to enhance oil recovery. With the Aspiro product range customers can get combined expertise from one source.
The Aspiro P range consists of water soluble polymers based on polyacrylamide (PAM) technology. Standard anionic PAMs are suitable for mild field conditions, while developmental associative thickening polymers have shown promising behavior in demanding fields.

The Aspiro S product portfolio comprises a broad range of surfactants, co-surfactants and solvents.

As MRC wrote before, in September 2014, BASF announced the start-up of a new butadiene extraction plant at its Verbund site in Antwerp, Belgium. The plant has an annual production capacity of 155,000 metric tons. The plant in Antwerp is BASF’s second butadiene extraction plant in Europe. BASF already operates a butadiene extraction plant at its Verbund site in Ludwigshafen, Germany, with an annual production capacity of 105,000 metric tons. With the plant in Antwerp, BASF is more than doubling its production capacity for butadiene in Europe.

BASF is the world’s leading chemical company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. BASF had sales of about EUR74 billion in 2013 and over 112,000 employees as of the end of the year.
MRC

PET imports in Russia increased by 22% in January-September 2014

MOSCOW (MRC) - Imports of polyethylene terephthalate (PET) in Russia increased to 166,000 tonnes in January-September 2014, up 22% year on year, according to MRC ScanPlast.

Import volumes over the reported period increased because in the beginning of the year there were left big volumes of stock inventories.
Importers increased purchases because of the lower prices in Asia (in dollar terms). Further devaluation of the rouble and unjustified expectations of consumption in the season led to a decline in demand.

Following peak level in April imports has been falling for the fifth month in a row. Carryovers left from month to month led to a gradual decline in demand in the spot market.

PET imports in Russia expectedly declined in September. Season came to an end, the real needs of PET chips processing market lso decreased.
September PET imports in Russia were about 11,000 tonnes, down 1,000 tonnes from the August level.

Summing up the imports in the first three quarters, it should be noted the leadership of the Chinese suppliers. The share of Chinese PET increased to 75.6% from the total PET imports in Russia. Russia's imports of Chinese PET increased to 126,000 tonnes in January-September 2014, up 63% year on year.

MRC

Russian extrusion polycarbonate market increased by 5% in January-September 2014

MOSCOW (MRC) - Russia's market of extrusion polycarbonate (PC) increased to 62,000 tonnes in the first nine months of the year, up 5% year on year, according to MRC ScanPlast report.

Extrusion segment of PC granules market in Russia is the biggest (85% share) and dynamic. The only Russian producer of PC in the country is Kazanorgsintez.
The share of Kazanorgsintez's material over the reported period reached 66.4% from the total extrusion PC granules consumption in the country. In the same time last year it was 62.5%. Kazanorgsintez has adopted a policy of import substitution and the reorientation to the domestic market.

Russia's exports of extrusion PC granules over the reported decreased to 20,800 tonnes, down 6% year on year. Traditionally, the key importers of PC in the Russian market are Bayer and Sabic.

Production of PC for sheet extrusion by Kazanorgsintez increased to 42,200 tonnes in January-September 2014, up 10% year on year.
Russia's exports of extrusion PC decreased to 973 tonnes in the first nine months of the year, down 38% year on year.
MRC

PC production in Russia remained as last year over three quarters of 2014

MOSCOW (MRC) -- The output of polycarbonate (PC) in the Russian Federation reached 50,000 tonnes over the first three quarters of 2014, which equals the last year's level, according to MRC ScanPlast report.


Kazanorgsintez, Russia's only national PC producer, produced material steadily over the stated period. The plant's monthly capacity utilisation was 100% except for the months of scheduled maintenance works.

Kazanorgsintez produced the same volume of PC as last year. However, the production structure was changed. Thus, extrusion grades accounted 78% of the total PC output (38,400 tonnes) over the first three quarters of 2013 and injection moulding grades - 22% (10,700 tonnes). 42,200 tonnes of PC for sheet extrusion (86%) were produced over the first nine months of the year, while 6,800 tonnes of PC (14%) were produced for injection moulding. Thus, Kazanorgsintez's output of injection moulding PC fell by 36%, whereas its production of PC for sheet extrusion increased by 10%.


Almost all Kazanorgsintez's injection moulding grades produced last year were exported to foreign markets. Thus, 9,700 tonnes were exported from January to September 2013, accounting for 91% of the plant's total production of injection moulding PC over the said period.

The needs of the Russian market in this material are 800-900 tonnes per month, including imports. Injection moulding grades will be produced as per the needs of the national market (200-300 tonnes) because of the reorientation of the producer to the domestic market. Exports were suspended. Extrusion grade PC accounts for the bulk of the total output.

MRC

Saudi petrochemicals lose out after oil falls

MOSCOW (MRC) -- Saudi Arabia’s petrochemical companies are expected to disappoint in the third quarter after crude prices fell 15% over the same period, analysts say, reported The National.

"The only sector where we could have some negative surprises is petrochemicals, because they took a hit with the fall of oil prices in the quarter," said Sebastien Henin, the head of asset management at The National Investor, an Abu Dhabi-based investment bank.

Petrochemical prices are closely linked to prevailing oil prices because naphtha, a common feedstock, closely tracks the price of crude.

Saudi Arabia is the biggest producer in Opec and its petrochemicals sector has the biggest representation on the kingdom’s stock exchange. The results should trigger profit-taking as companies such as Sabic, the world’s biggest petrochemicals maker by market value, have performed extremely well of late, Mr Henin said. Shares of Sabic rallied 17 per cent from July 21 to September 9, he added.

Weighed by petrochemicals, Saudi Arabia’s companies are expected to register 5% growth in profits to 25.5 billion riyals (Dh24.97bn), Mubasher wrote. The financial and healthcare sectors are expected to register growth of 16%, it added.

As MRC wrote before, Sabic is modifying its Wilton cracker in the UK to enable it to use ethane feedstock imported from the US. The company is aiming to complete the project by 2016. Sabic had said in 2013 that it was studying the possibility of converting the naphtha cracker. The nameplate capacity is 865,000 tpy of ethylene, 400,000 tpy of propylene and 100,000 tpy of butadiene.

Saudi Basic Industries Corporation (SABIC) ranks among the world’s top petrochemical companies. The company is among the world’s market leaders in the production of polyethylene, polypropylene and other advanced thermoplastics, glycols, methanol and fertilizers.
MRC