Trinseo raised April PS prices in Europe

MOSCOW (MRC) -- Trinseo, a global materials company and manufacturer of plastics, latex binders and synthetic rubber, and its affiliate companies in Europe has announced a price increase for all polystyrene (PS), as per the company's press release.

Effective April 1, 2019, or as existing contract terms allow, the contract and spot prices for the products listed below will increase as follows:

- STYRON general purpose polystyrene grades (GPPS) - by EUR120 per metric ton;
- STYRON and STYRON A-Tech and STYRON X- Tech and STYRON C- Tech high impact polystyrene grades (HIPS) -by EUR120 per metric ton.

As MRC informed before, Trinseo last increased its prices for all PS grades on 1 February 2019. Thus, February prices for the said products grew, as stated below:

- STYRON GPPS grades - by EUR45 per metric ton;
- STYRON and STYRON A-Tech HIPS grades - by EUR45 per metric ton.

Trinseo is a global materials company and manufacturer of plastics, latex and rubber. Trinseo's technology is used by customers in industries such as home appliances, automotive, building & construction, carpet, consumer electronics, consumer goods, electrical & lighting, medical, packaging, paper & paperboard, rubber goods and tires. Formerly known as Styron, Trinseo completed its renaming process in 1Q 2015. Trinseo had approximately USD4.4 billion in net sales in 2017, with 16 manufacturing sites around the world, and approximately 2,200 employees.
MRC

MOSCOW (MRC) -- Trinseo has partnered with Grolman Group for the marketing and distribution of Trinseo's styrene-acrylic Ligos binders in Germany, Austria, Switzerland and the Benelux region, said Rubbernews.

The agreement took effect March 1. SA Ligos binders are used in the paints, coatings and construction markets.

"Trinseo has been developing styrene-acrylic technology for many years, and we have demonstrated consistent levels of strong performance and quality with them," Andre Hugentobler, Trinseo's global industry development leader for Adhesives & Construction Binders, said in a statement. "Having a trusted distributor partnership with Grolman Group in strategic European countries speaks to the value Trinseo's SA Ligos binders brings to the construction and coatings market."

As MRC informed earlier, Trinseo latex binders and synthetic rubber, and its affiliate companies in Europe have announced a price increase for all acrylonitrile-butadiene-styrene (ABS) and acrylonitrile-styrene copolymer (SAN) grades in March.

- MAGNUM ABS resins - by EUR70 per metric ton;
- TYRIL SAN resins - by EUR70 per metric ton.

Trinseo is a global materials company and manufacturer of plastics, latex and rubber. Trinseo's technology is used by customers in industries such as home appliances, automotive, building & construction, carpet, consumer electronics, consumer goods, electrical & lighting, medical, packaging, paper & paperboard, rubber goods and tires. Formerly known as Styron, Trinseo completed its renaming process in 1Q 2015. Trinseo had approximately USD4.4 billion in net sales in 2017, with 16 manufacturing sites around the world, and approximately 2,200 employees.
MRC

MOSCOW (MRC) -- The government of Curacao is sending officials this month to meet with companies interested in taking over and operating the island nation’s sole refinery and expects to receive non-binding proposals this summer, reported Reuters.

Government-owned Refineria di Korsou has been searching for a business to replace Venezuela’s Petroleos de Venezuela (PDVSA) as operator of the 335,000-barrel-per-day Isla refinery. The facility has been idled largely due to a lack of crude shipments.

Curacao has been looking for an operator willing to take over Isla, possibly before PDVSA’s contract to run the facility, which provides fuel and shipping operations, expires at the end of 2019.

Motiva Enterprises LLC initially was selected as preferred bidder, but dropped out of the running in January.

Curacao said in a statement it will send a team this month to visit companies interested in managing, operating and modernizing the facility, with the first trips scheduled this month in the United States and Britain.

It expects to evaluate potential bidders in May and June and accept non-binding proposals by July.

The government had previously held talks with China’s Guangdong Zhenrong to replace PDVSA as the refinery’s operator, but a deal was never reached.
MRC

MOSCOW (MRC) -- - AVEVA, a global leader in engineering and industrial software, announced significant advances to its industry-leading cloud portfolio and subscription programme that will dramatically accelerate industrial digital transformation, said Hydrocarbonprocessing.

New capabilities such as cloud visualization, Operator Training Simulation (OTS), and condition management, combined with a choice of flexible subscription models, empower users to adopt transformative technologies more quickly and easily than ever before.

AVEVA Connect, a cloud-based digital transformation hub, enables customers to seamlessly access AVEVA’s rich software portfolio, enabling digitalization of design, build, operations and maintenance processes across a wide range of industries. Over the past year, AVEVA Connect has launched eight new cloud-enabled offers, more than 75 updates to its digital services including the launch of cloud OTS, visualization and condition management capabilities, and grown to support over 5,500 daily users.

AVEVA CEO Craig Hayman said: "Driven by the rapid and profound digital transformation of industries AVEVA has been investing heavily in innovation. By harnessing edge, cloud computing, artificial intelligence and AR/VR technologies, customers are accelerating their digital transformation. AVEVA's innovative solutions quickly unify assets, people and processes in a combined, contextually-aware digital environment. Combined with new flexible commercial and deployment options we are enabling strong financial returns and business value for users."

Total OLEUM has benefitted from AVEVA’s revolutionary cloud-based operator training systems. Stephane Remy, Vice President Total Learning Solutions said: "Major Oil and Gas companies, like ours, must innovate and adapt themselves to new conditions for sustainable growth. As such, Total is always looking for improvement of safety, operational excellence, availability of assets, ROI, and competitiveness of our industrial sites. We wanted to make use of the new solutions provided by the digital revolution."

AVEVA’s new subscription programme, AVEVA Flex, presents a new dimension in edge-to-cloud integration, with advanced HMI visualization, operations control and information management, manufacturing execution and asset performance capabilities. With subscription-based, feature-rich software tiers, AVEVA Flex offers a broad range of flexibility in the purchase, design, and utilization of industrial software solutions.

"As industry continues its digital transformation journey, there is a need for solutions that provide the user with a single version of the truth and keep operations state-of-the-art and future-proofed,” according to Craig Resnick, Vice President, ARC Advisory Group. “AVEVA Flex eliminates traditional barriers to adoption by ensuring that customers can choose from a scalable set of solutions which are cyber-secure, based on industry standards, and support full asset and operations life cycle capabilities such as design, visualization, supervisory control, AI, AR/VR, MES, asset performance, maintenance and condition management while only paying for the capabilities needed today. This simplifies consumption of new capabilities and helps make digital transformation more easily digestible."

Flexible access to AVEVA’s comprehensive software portfolio, as-and-when it’s needed, helps customers drive digital transformation by bringing together a blend of on-premise investments with secure and reliable cloud-based capabilities, arming customers with actionable intelligence, faster and more accurately than ever before.

Among the first to take up the new AVEVA Flex subscription programme, Giovanni Borinelli – General Manager from Italian Steelmaker NLMK Verona, said: "For us to compete in today’s volatile market, we need a trusted partner who can help us master our digital transformation. The technical and commercial flexibility that AVEVA Flex provides is fundamental to that change and will help us remain agile and successful into the future."
MRC

MOSCOW (MRC) -- The Ercros factory in Tortosa has launched an expansion of its production capacity of polyols in order to meet the growing demand that this product range has in the market, said the company.

The polyols manufactured in Tortosa are pentaerythritol and dipentaerythritol, which are used to make paints and varnishes, high performance synthetic lubricants and printing inks; and sodium formate, which is used as deicing in airports and in the tanning industry.

The combined capacity of the pentaerythritol and dipentaerythritol plants has increased by 5,000 t/year, which represents an increase of 17%, reaching a total capacity of 35,000 t/year; in the case of the sodium formate plant, the increase has been by 3,000 t/year, also a 17%, reaching 23,000 t/year.

The investment carried out to expand the capacity of these plants comes together with technological improvements in the manufacturing processes and a greater energy efficiency, improving, as a result, the competitive position of this particular factory and of Ercros, in general.

As MRC informed earlier, The Ercros factory in Cerdanyola has expanded the production capacity of moulding compounds by 3,000 t/year, which represents an increase of 14% to reach 25,000 t/year. The thermostable moulding compounds manufactured in Cerdanyola have applications in very diverse sectors; can be used in the manufacture of electrical appliances, such as switches and plugs; of toilet seats and covers and other sanitary accessories; caps for the cosmetics and perfume industry; of buttons, tableware and trays, etc.
MRC