PolyOne presented speciality polymers in Europe

MOSCOW (MRC) -- PolyOne, a premier global provider of specialized polymer materials, services and solutions, has recently presented its aquired Comptek high temperature polymer formulations and concentrates portfolio for the first time in Europe, as per GV.

In addition, the company was highlighting creative applications its customers have developed with its speciality polymer formulations and services. Recently completed applications on display include a paint replacement project for one of the world’s largest manufacturers of appliances, and a consumer product for a leading global supermarket chain.

Proven solutions on display at PolyOne include:

- OnFlex LO low VOC thermoplastic elastomers: Easily processed TPEs that help manufacturers meet strict vehicle interior air quality (VIAQ) standards;
- Therma-Tech thermally conductive materials: Engineered materials that are lighter than metal and are easier to form, but do not compromise conductivity;
- Gravi-Tech density modified polymers: Composite materials that provide the look, feel and sound of metal, but deliver the design freedom of a polymer;
- LubriOne wear resistant solutions: Inherently lubricated polymers that eliminate the need for added oils and greases between moving components.

As MRC reported earlier, in January 2016, PolyOne Corporation announced the acquisition of Magenta Master Fibers (Magenta), an innovative developer of specialty solid color concentrates for the global fiber industry. PolyOne purchased Magenta from BASF for USD22 million, which represents a multiple of 6.8x EBITDA.

PolyOne Corporation is a global provider of specialized polymer materials, services, and solutions with operations in specialty polymer formulations, color and additive systems, polymer distribution and specialty vinyl resins.
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According to the National Statistical Committee of the Republic of Belarus, the local LDPE roducer - Polymir - reduced slightly its capacity utilisation in November. November polyethylene (PE) output was 5,500 tonnes, compared to 5,700 tonnes a month earlier. Thus, Polymir's overall LDPE production was 56,400 tonnes in January-November 2017 versus 92,400 tonnes a year earlier.

The fire at one of the ethylene units in late June 2016, which led to a two-fold reduction in the olefin production, was the main reason for such a major fall in the output.

As reported earlier, Polymir had completed maintenance works at some production capacities, the outage of the line lasted for about a month.

Polymir (part of Naftan) is Belarus' largest petrochemical company, producing a wide range of chemical products, such as low density polyethylene (LDPE), acrylic fibers, products of organic synthesis, hydrocarbon fractions, etc. Polymir was founded in 1968. The producer uses technologies of the largest foreign companies from Great Britain, Japan, Germany, Italy (Courtaulds, Asahi Chemical Co. Ltd, Kanematsu Gosho, SNIA BPD, etc.), as well as the developments of scientific research institutes and design institutes of the CIS countries. The plant's annual production capacity is 130,000 tonnes.

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MOSCOW (MRC) — Emerson announced it has completed the purchase of Paradigm, a leading provider of software solutions to the oil and gas industry, said Hydrocarbonprocessing.

The combination of Paradigm with Emerson’s Roxar software business creates a comprehensive Exploration & Production (E&P) software portfolio offering.

Paradigm is headquartered in Houston and has more than 500 employees globally. The company provides an array of tools that enable customers to gain deeper insight into the subsurface, reduce uncertainty and support responsible asset management.
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MOSCOW (MRC) -- Idemitsu SM Malaysia has undertaken a planned shutdown at its styrene monomer (SM) plant, as per Apic-online.

A Polymerupdate source in Malaysia informed that the company has halted operations at the plant on December 1, 2017. The plant is expected to remain off-line for a period of around 45 days.

Located at Pasir Gudang in Malaysia, the plant has a production capacity of 240,000 mt/year.

As MRC reported earlier, in 2016, Idemitsu SM Malaysia conducted a turnaround at its SM plant in Pasir Gudang from mid-April to end-May.

Idemitsu Kosan is a Japanese petroleum company. It owns and operates oil platforms, refineries and produces and sells petroleum, oils and petrochemical products. The company runs two petrochemical plants in Chiba and Tokuyama. The two naphtha crackers can produce up to 997,000 tonnes of ethylene per year.
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MOSCOW (MRC) -- Perstorp is announcing world’s first portfolio of renewable alternatives to the essential polyols Pentaerythritol (Penta), Trimethylolpropane (TMP), and Neopentyl glycol (Neo), as per the company's press release.

The product portfolio will be globally launched at China Coat. The launch is a response to the fast growing global need for more sustainable Coatings, Resins and Synthetic Lubricants to mention a few. This means that Perstorp is the only chemical company in the world to offer all three essential polyols Penta, TMP and Neo in both traditional and renewable forms.

World’s first renewable Penta, known as Voxtar was launched in 2010. It can reduce carbon footprint by up to 80% compared to fossil alternatives. The addition of two new innovative products; Evyron (partly renewable TMP) and Neeture (partly renewable Neo) will give Perstorp’s customers a clear market advantage in creating pro-environmental low carbon footprint products.

Anna Berggren, Global Market Segment Manager for Resins at Perstorp commented: "The time is right to add two new renewable polyols. The market demand for bio-based material is rapidly increasing due to a strong focus on sustainable chemistry and renewable raw materials. We are committed to our environmental responsibility as well as to helping our customers in their sustainable development. We are dedicated to our pro-environment products, giving prioritized supply for pro-environmental partners at all times."

Perstorp’s commitment to sustainability runs deep in the company led by CEO, Jan Secher. "This launch is a great achievement and I’m very proud of the engagement from our employees. It’s clear that we are looking to make a difference. Sustainability is in the core of everything we do which also makes it a perfect strategic fit."

Perstorp’s new pro-environment portfolio is a great example of how they intend to work towards their 2030 ambition to become Finite Material Neutral. "It is a tough ambition but we have to do it. There is no plan B, because we only have one planet," Jan continues.

Currently Perstorp is devoting 80% of its R&D resources to finding new sustainable solutions and in addition, all Perstorp Swedish plants will switch to using only renewable electricity in 2018. "With the new pro-environment products we are launching at China Coat, we are reaffirming that we believe our molecules can change things for the better", Jan concludes.

The two new Pro-Environment Polyols - Evyron and Neeture - complete the portfolio of the three essential polyols in renewable options. The new portfolio is based on a certified mass balance concept. Mass balance is about mixing fossil and renewable in the same existing systems but keeping track of their quantities and allocating them to specific products. This ensures that the quality and performance of the molecules are exactly the same giving customers a real go-pro-environmental choice.

Perstorp’s Pro-Environment Polyols are all ISCC certified which among other things ensures a traceability of the bio-based raw material back to its country of origin. Anna Berggren highlights: "The bio-based material in our products is sustainably sourced and I am proud to say that Perstorp launches world's first portfolio of renewable polyols. And even better, they will also be the first to become ISCC certified."

Voxtar, Evyron & Neeture is the property of the Perstorp Group and can be subject to registration in many countries.

Sales of the Pro-Environment Polyols will start January 1st, 2018.

As MRC reported previously, in the first half of 2017, Synthomer plc acquired Perstorp Oxo Belgium AB from the Swedish Perstorp Holding AB for EUR 78 million. Perstorp Belgium is a niche additives business serving the decorative and industrial coatings industries. In 2016, the business generated earnings before interest and tax of EUR 8 million and had gross assets of EUR 21 million. The company operates from a single site in Ghent, Belgium, and has 41 employees, who will all be transferred with the business.

Perstorp is one of the world leaders in various sectors of the specialty chemicals market, it's pioneer in formalin chemistry, plastics and surface materials. Perstorp was founded in 1881 and is controlled by PAI partners,a major European private equity company. The company has around 1,500 employees in with 22 production plants in Europe, Asia and North America.
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