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MOSCOW (MRC) -- INEOS and UPM
Biofuels have reached a deal to supply renewable raw materials to produce
bio-based polymers in Europe, the companies said in a statement
Tuesday.
The renewable raw materials will be supplied to Ineos' Cologne
plant in Germany in order to produce polymers suitable for plastic food
packaging, medical applications and piping.
The raw material will be UPM
Biofuel's BioVerno, which is produced from the residue from wood pulp
production. This raw material will be used by Ineos to create material's such as
BIOVYNTM, which is used to make bio-based polyvinyl chloride (PVC), called
Biovyn.
Announced at the K-Fair in Dusseldorf in October, Biovyn will be
manufactured at Inovyn's 320,000 mt/year Rheinberg site, and will receive the
bio-feedstock from Ineos' Cologne steam cracker via pipeline.
Biovyn is
said to be the first commercially available PVC made without using fossil fuels
and will follow strict technical, social and environmental standards set out by
the Roundtable on Sustainable Biomaterials.
Inovyn is an Ineos
company.
The RSB has now certified the entire production process, from
converting the wood-based residue through to creating the final polymer,
according to the statement.
"UPM BioVerno products now help to reduce
climate and environmental impacts in an even broader range of applications.
INEOS's and UPM Biofuels' commitment to RSB certification creates a strong
common ground to build on," according to Maiju Helin, head of Sustainability and
Market Development at UPM Biofuels.
As MRC reported before,
in June 2019, petrochemicals company INEOS announced Antwerp as the
location for its new petrochemical investment.
And earlier, in July
2018, INEOS announced that it
will invest EUR2.7 billion (USD3.15 billion) to build a new chemical cracker and
PHD unit in northwest Europe. This is the first cracker to be built in Europe in
20 years and both facilities will benefit from US shale gas economics, adding
that the project will be completed in four years.
According to MRC's DataScope report,
exports of suspension polyvinyl chloride (SPVC) from Russia totalled 193,700
tonnes in 2019, up by 11% year on year. Imports increased more significantly -
by 217% year on year - to 50,900 tonnes. |
