Mitsubishi Chemical Advanced Materials acquires c-m-p GmbH

MOSCOW (MRC) -- Mitsubishi Chemical Advanced Materials AG (MCAM), a leading global manufacturer of high-performance materials, announced that it has entered into an agreement for the acquisition of c-m-p GmbH (c-m-p) through its German subsidiary Mitsubishi Chemical Advanced Materials GmbH, said the company.

The transaction is expected to close in early March 2020.

With the addition of c-m-p, both companies can further strengthen their market position in the composites world, as well as developing future composite materials. The acquired entity had been a 50:50 partnership between the original founders of c-m-p GmbH and DowAksa B.V. Through this acquisition, MCAM acquires 100% of the shares of c-m-p.

"Within Mitsubishi Chemical Advanced Materials (MCAM), the acquisition enhances our ability to produce prepreg solutions for customers in Europe, a further step in our mission of metal to plastic conversion which began more than 80 years ago," says Michael Koch, CEO Mitsubishi Chemical Advanced Materials. "MCAM, a fully owned subsidiary of Mitsubishi Chemical Corporation (Tokyo, Japan), identified c-m-p GmbH (c-m-p) as a leader in its areas of expertise and plans to preserve and enlarge c-m-p's unique market identity. Strategic corporate development activities, such as the c-m-p acquisition, contribute to MCAM's ability to grow rapidly and consistently while maintaining quality and innovation."

Following the acquisition, c-m-p can benefit from Mitsubishi Chemical's world-wide network of industry partners, customer relationships and technology developments, while bringing new technologies, specialized skills and market expertise into the group. Through the Mitsubishi Chemical network, new materials and applications will be further developed for the aviation industry, as well as automotive, sports equipment and utility services. With the acquisition of c-m-p, Mitsubishi Chemical will become capable of producing prepreg materials (resin-coated carbon fabric) in Europe, in addition to Mitsubishi Chemical's capabilities in Asia and USA.

As MRC informed earlier, Asahi Kasei Mitsubishi Chemical Ethylene Corp plans to restart ethylene cracker in Mizushima, Japan on 24 January.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,904,410 tonnes in the first eleven months of 2019, up by 6% year on year. Shipments of all PE grades increased. PE shipments increased from both domestic producers and foreign suppliers. The PP consumption in the Russian market was 1,161,830 tonnes in January-November 2019, up by 7% year on year. Deliveries of all grades of propylene polymers increased, with the homopolymer PP segment accounting for the largest increase.

Mitsubishi Chemical Advanced Materials is a leading global manufacturer of high-performance materials in the form of semi-finished products and finished parts. The company has locations in 20 countries and more than 2'800 employees. Its specialty engineering thermoplastics and composites are superior in performance to metals and other materials and are used in a wide range of applications, primarily in the capital goods industry.
MRC

Asahi Kasei Mitsubishi to restart naphtha cracker in Mizushima

MOSCOW (MRC) -- Asahi Kasei Mitsubishi Chemical Ethylene, a joint venture of Asahi Kasei Corp and Mitsubishi Chemical Corp, said it will restart operation at its naphtha cracker in Mizushima, Okayama prefecture on 24 January, after completing planned repair of the unit’s troubled refrigeration system, reported Kemicalinfo.

The naphtha cracker automatically shut down on 14 January after it detected a malfunction in the refrigeration system. Inspection remains underway and the venture plans to complete repairs by 24 January.

The unit’s closure has also forced some derivatives units to halt operations at the Mizushima plant. The venture is planning to gradually restart those closed derivatives units after restarting the naphtha cracker.

Japanese petrochemical firms Asahi Kasei and Mitsubishi Chemical launched the joint venture in April 2016 to operate the naphtha cracker, after integrating their operations in Mizushima.

The naphtha cracker has a production capacity of 567,000 tonnes a year without any turnaround and 496,000 tonnes with turnaround, the firm said.The venture continues to assess the impact from the closure of the naphtha cracker, while maintaining regular shipments.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,904,410 tonnes in the first eleven months of 2019, up by 6% year on year. Shipments of all PE grades increased. PE shipments increased from both domestic producers and foreign suppliers. The PP consumption in the Russian market was 1,161,830 tonnes in January-November 2019, up by 7% year on year. Deliveries of all grades of propylene polymers increased, with the homopolymer PP segment accounting for the largest increase.
MRC

PKN Orlen to increase monthly oil purchases from Saudi Aramco

MOSCOW (MRC) -- Polish oil refiner PKN Orlen, said it would increase monthly crude oil purchases from Saudi Aramco to 400,000 from 300,000 tons as part of its efforts to diversify supply, said Hydrocarbonprocessing.

Poland’s biggest oil refiner, which buys most of its oil from Russia via pipeline, has been receiving oil from Saudi Aramco since 2016.

"This is another step on the way to secure work of our installations within the group and to increase Poland’s energy security," PKN Orlen Chief Executive Daniel Obajtek said in a statement.

The company said that the Arabian Light crude will be refined in its facilities in Poland, Lithuania and the Czech Republic.

Seaborne oil supplies from sources other than Russia helped PKN Orlen and its smaller rival Lotos keep their refineries operating in April and May when deliveries of Russian oil via the Druzbha pipeline were suspended due to contamination.

PKN said that since the start of 2018 it has concluded spot purchases of crude oil from Angola, Nigeria, Norway and the United States.

As MRC informed earlier, in H1 September 2019, Honeywell announced that PKN ORLEN had licensed the UOP MaxEne process, which can increase production of ethylene and aromatics and improve the flexibility of gasoline production. The project, for the PKN ORLEN facility in Plock, Poland, currently is in the basic engineering stage. Honeywell UOP, a leading provider of technologies for the oil and gas industry, first commercialized the UOP MaxEne process in 2013. The process enables refiners and petrochemical producers to direct molecules within the naphtha feed to the processes that deliver the greatest value and improve yields of fuels and petrochemicals.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polyprolypele (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,904,410 tonnes in the first eleven months of 2019, up by 6% year on year. Shipments of all PE grades increased. PE shipments increased from both domestic producers and foreign suppliers. The PP consumption in the Russian market was 1,161,830 tonnes in January-November 2019, up by 7% year on year. Deliveries of all grades of propylene polymers increased, with the homopolymer PP segment accounting for the largest increase.

PKN ORLEN would be the first refining and petrochemicals company in Europe to use the Honeywell UOP MaxEne technology for molecule management of a naphtha stream to produce high-quality products including olefins, aromatics and gasoline.
MRC

Enterprise starts up Mentone natural gas processing plant

MOSCOW (MRC) -- Enterprise Products Partners LP has commissioned its Mentone cryogenic natural gas processing plant in Loving County, Tex., in the Delaware basin, reported OGJ.

Equipped to process 300 MMcfd of gas and extract more than 40,000 b/d of NGLs, the Mentone plant - which is supported by a long-term acreage dedication agreement - recently entered service, Enterprise said on Jan. 21.

While the operator did not disclose a specific timeframe for when Mentone reached startup, Enterprise said commissioning of this seventh gas plant in the Delaware basin brings the company’s total capacity in the Permian basin to more than 1.6 bcfd of natural gas processing and more than 250,000 b/d of NGL extraction, according to its two most recent presentations to investors.

Alongside the new plant, Enterprise also built 66 miles of large-diameter gathering and residue pipelines, as well as expanded compression capabilities linking Mentone to the partnership’s NGL and Texas Intrastate natural gas pipeline networks.

"These assets provide critical infrastructure to facilitate growing natural gas and NGL production in the region, which is expected to increase by more than 60% over the next 5 years," said Brent Secrest, executive vice-president and chief commercial officer of Enterprise’s general partner. “The addition of Mentone also enhances access to our fully integrated midstream network of assets linking producers in the Delaware basin to domestic and international demand."

To accommodate the increase in NGLs, Enterprise also confirmed it remains in the process of adding 300,000-b/d of fractionation capacity at its Mont Belvieu, Tex. Complex in two 150,000-b/d projects.

In a December 2019 presentation to investors, Enterprise said the Mont Belvieu fractionation units, named Frac 10 and Frac 11, were scheduled for startup in fourth-quarter 2019 and second-quarter 2020, respectively.

As MRC informed before, Enterprise Products Partners' Mont Belvieu propane dehydrogenation unit in Texas restarted from planned maintenance in the first week of December, 2019. The PDH unit went offline for maintenance on November 13. That day, the company said in a filing with the Texas Commission on Environmental Quality that the RAC "B" turbine shut down, which resulted in flaring. The flaring was estimated to last 72 hours. The unit has a capacity of 750,000 tonne per year.

Propylene is the main feedstock for the production of polypropylene (PP).

According to MRC's ScanPlast report, the PP consumption in the Russian market was 1,161,830 tonnes in January-November 2019, up by 7% year on year. Deliveries of all grades of propylene polymers increased, with the homopolymer PP segment accounting for the largest increase.

Enterprise Products Partners L.P. is an American midstream natural gas and crude oil pipeline company with headquarters in Houston, Texas. It acquired GulfTerra in September 2004. The company ranked No. 105 in the 2018 Fortune 500 list of the largest United States corporations by total revenue
MRC

PP imports to Belarus up by 10% in Jan-Nov 2019

MOSCOW (MRC) -- Overall imports of polypropylene (PP) into Belarus rose in the first eleven months of 2019 by 10% year on year, totalling 99,800 tonnes. All grades of propylene polymers accounted for the increase in demand, according to a MRC's DataScope report.

PP imports to Belarus were 9,800 tonnes in November 2019, compared to 8,500 tonnes a month earlier, local companies raised their purchasing of PP in Russia. Overall imports of propylene polymers reached 99,800 tonnes in January-November 2019, compared to 90,500 tonnes a year earlier, demand increased for all PP grades, with propylene copolymers accounting for the greatest growth.

The structure of PP imports by grades looked the following way over the stated period.


November imports of propylene homopolymers (homopolymer PP) reached 7,500 tonnes, compared to 5,600 tonnes a month earlier, purchasing of homopolymer PP in Russia increased after September-October restrictions because of shutdowns for maintenance at some local plants. Overall imports of homopolymer PP reached 67,800 tonnes in January-November 2019, up by 9% year on year. Russian producers with the share of about 86% of the total shipments were the key suppliers.

November imports of propylene copolymers to Belarus were 2,300 tonnes versus 2,900 tonnes a month earlier, local companies reduced their procurement of injection moulding block-copolymers of propylene (PP block copolymer) from Russian producers. Thus, overall imports of propylene copolymers reached 32,000 tonnes over the stated period, up by 12.7% year on year.

MRC