PVC imports into Belarus decreased by 5.6% in 2018

MOSCOW (MRC) -- Last year's overall imports of unmixed polyvinyl chloride (PVC) into Belarus decreased by 5.6% year on year, totalling 32,600 tonnes, according to MRC's DataScope report.

According to the statistical committee of the Republic of Belarus, local converters significantly reduced their purchasing of PVC in December 2018 under the pressure of seasonal factors. Total imports were 2,600 tonnes, compared to 1,700 tonnes a month earlier.
Thus, imports of unmixed PVC reached 32,600 tonnes in the twelve months of 2018 versus 34,600 tonnes a year earlier, with local windows producers accounting for a decrease in demand.

Russian producers with the share of about 88% of the Belarusian market were the key suppliers of resin to Belarus over the stated period.

Producers from Ukraine and Germany with the share of 6% and 4% were the second and third largest suppliers, respectively.
MRC

TechnipFMC and DOF Subsea announce the delivery of Skandi Olinda and contract with Petrobras

MOSCOW (MRC) -- TechnipFMC and DOF Subsea (DOF) announce that the Skandi Olinda, a Brazilian-flagged flexible lay and construction vessel owned by the joint venture formed between TechnipFMC (50%) and DOF (50%), has commenced its 8-year charter contract with Petroleo Brasileiro S.A. (Petrobras), said the company.

Skandi Olinda has state-of-the-art pipelay and marine technology. She has a 340-ton Vertical Lay System tower capacity, a 2,500-ton underdeck carousel, and two work-class ROVs, allowing her to lay flexible pipes in water depths up to 2,500 meters. She was built by Vard Promar Brazilian yard, where her sister ship, Skandi Recife, was also constructed.

Under the TechnipFMC/DOF joint venture agreement, TechnipFMC will manage flexible pipelay, and DOF will be responsible for marine operations.

Arnaud Pieton, President Subsea at TechnipFMC, commented: "We are delighted that the Skandi Olinda is joining our fleet of specialized vessels. This new charter contract with Petrobras reinforces our commitment to the development of the Brazilian market and our extensive ultra-deepwater pipelaying experience. We are looking forward to seeing the vessel delivering projects in the field."

DOF Subsea CEO, Mons S. Aase, said: “The extensive newbuild program of 4 PLSVs*** together with TechnipFMC has combined the subsea and vessel expertise across our organizations. Taking final delivery of Skandi Olinda and commencing the contract with Petrobras marks the successful conclusion of the newbuild program of the joint venture, which now has 6 vessels."
MRC

Praxair starts up syngas plant in Geismar, Louisiana

MOSCOW (MRC) -- Praxair, Inc., a wholly-owned subsidiary of Linde plc, has announced the completion of a major investment project at its Geismar, Louisiana facility, bringing a new plant online that will increase carbon monoxide supply to customers in the Geismar area, said the company.

The plant incorporates a new carbon monoxide purification train with more than 13 million cubic feet per day of capacity. This facility is part of a much larger investment that Praxair has embarked upon in Louisiana and the US Gulf Coast and leverages proprietary technologies to improve the overall efficiency of the site and maintain its long-term reliability and competitiveness.

"Praxair has been an integral part of the Geismar chemical industry for over 50 years and with this latest investment, we are demonstrating our commitment to remaining a reliable and efficient source of industrial gases in the region well into the future," said Dan Yankowski, Praxair’s president of Global Hydrogen.

Carbon monoxide is essential for the manufacture of a wide array of products, such as polyurethane precursors and other specialty chemicals. Hydrogen, carbon monoxide and other gas products required by the local chemical and refining industries were first produced at this site in the early 1970’s. Over the years the site has been expanded and more recently, the Geismar facility has been integrated into a 90-mile pipeline network stretching from Baton Rouge to St. Charles. This latest investment further strengthens Praxair’s ability to reliably serve the increased demand from customers, ranging from world scale refineries to technology leading biofuel companies.

Praxair, Inc., a wholly-owned subsidiary of Linde plc, is a leading industrial gas company in North and South America and one of the largest worldwide. Praxair produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings. Our products, services and technologies are making our planet more productive by bringing efficiency and environmental benefits to a wide variety of industries, including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, primary metals and many others.
MRC

Celanese completes acquisition of synthesis gas production unit from Linde

MOSCOW (MRC) -- Celanese Corporation, a global chemical and specialty materials company, has announced it has completed the acquisition of a 365 kilo tons per annum synthesis gas production unit from Linde AG, as per the company's press release.

The production unit is located at the Celanese Clear Lake acetyl intermediates manufacturing facility located in Pasadena, Texas.

"With on-site production capability of synthesis gas - a crucial intermediate raw material for the production of acetic acid, hydrogen and methanol - Celanese is able to manage future productivity and growth configuration options for the world's largest acetyl intermediates production facility, as well as the production network of Celanese acetyls plants globally," said Todd Elliott, Celanese Senior Vice President, Acetyls.

Synthesis gas, or syngas, is a mixture of carbon monoxide, carbon dioxide and hydrogen. Syngas can be produced from many sources, including natural gas, coal, biomass, or virtually any hydrocarbon feedstock, by reaction with steam or oxygen.

Celanese announced its intent to acquire Linde's CO production unit on January 15, 2019.

As MRC wrote before, Celanese Corporation has raised its February list and off-list selling prices for Vinyl Acetate Monomer (VAM) sold in Asia Outside China (AOC) by USD50/mt.

Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Based in Dallas, Celanese employs approximately 7,600 employees worldwide and had 2017 net sales of USD6.1 billion.
MRC

Saudi Arabia signs oil agreement to supply Pakistan

MOSCOW (MRC) -- Saudi Arabia has signed an agreement to supply Pakistan with crude oil and petroleum products to secure its fuel needs, reported Reuters with reference to Saudi Energy Minister Khalid al-Falih's statement on Twitter.

Saudi Crown Prince Mohammed bin Salman arrived in Pakistan on Sunday and said Saudi Arabia has signed investment agreements worth USD20 billion during his visit to the country.

As MRC informed previously, Saudi Arabia plans to set up a USD10 billion oil refinery in Pakistan’s deepwater port of Gwadar, the Saudi energy minister said on 12 January 2019, speaking at the Indian Ocean port that is being developed with the help of China. He said then Crown Prince Mohammad bin Salman would visit Pakistan in February to sign the agreement. The minister added that Saudi Arabia would also invest in other sectors.
MRC