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COVID-19 - News digest as of 15.09.2020

September 15/2020

1. Euro Chlor launches strategy for chlor-alkali industry sustainable future in Europe

MOSCOW (MRC) -- Euro Chlor (Brussels, Belgium), the European association of chlor-alkali manufacturers, has released its latest strategy for the sustainability of the chlor-alkali industry to 2050, said Chemweek. The strategy, released at the association�s annual general assembly on Friday, �defines what the sector aims to look like by 2050, as well as the direction planned to ensure that this safe, competitive, and green European chlor-alkali industry will be here for the benefit of Europe in 2050,� it says. The work on the strategy began in the run up to Euro Chlor�s third 10-year Sustainability Program covering 2021-2030, and builds on Cefic�s own mid-century vision, released last year. Euro Chlor is a sector group within Cefic, the European chemical industry association. The 2050 strategy also addresses some future needs of European society in the context of the EU�s Green Deal, it says.

2. MOL partners with Meraxis for recycled plastic compounds

MOSCOW (MRC) -- MOL (Budapest, Hungary) says it has agreed to partner with polymer distributor Meraxis (Bern, Switzerland) for the development and production of recycled polyolefin compounds, said Chemweek. The companies have signed a letter of intent to cooperate on the development of a new product portfolio, with Meraxis to supply MOL with post-consumer recyclate to be blended with MOL�s virgin polyolefin resins. MOL says the new products will be produced by its Aurora Kunststoffe (Neuenstein, Germany) subsidiary, with both companies to partner on distribution.

3. Neste plans restructure of refinery operations in Finland

MOSCOW (MRC) -- Neste is planning to restructure its refinery operations in Porvoo and Naantali, Finland. The company is exploring the shutdown of its refinery operations in Naantali and focusing the Naantali site on the terminal and harbor operations, as well as transforming the Porvoo refinery operations to co-processing renewable and circular raw materials, said Hydrocarbonprocessing. The demand for fossil oil products will continue to decline, and the share of renewable energy solutions will continue to grow in the coming years. The COVID-19 pandemic has substantially accelerated the decline in demand for oil products, which is not expected to recover to previous levels. Fundamental changes are therefore needed to secure the competitiveness of Neste�s Oil Products business. With the planned measures, Neste aims to improve its productivity, resource efficiency and adaptiveness to market changes. The planned measures will not affect the security of fuel distribution supply in Finland.
Author:Anna Larionova
Tags:petroleum products, liquid caustic soda, kausticheskaya soda, rigid caustic soda, petrochemistry, MOL Group, MOL Petrochemicals, Neste oil, COVID-19, recycling.
Category:General News
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