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Kemira extends polymer supply agreement with UK oil extraction firm

September 17/2020

MOSCOW (MRC) -- Kemira has signed a multiyear extension of its polymer supply agreement with Ithaca Energy, the Finnish chemicals company said on Wednesday.

Kemira says it has signed a multiyear extension to its polymer supply agreement with Ithaca Energy (Aberdeen, UK). The agreement extends the contract between the two companies, signed in 2018, covering the supply of polymers to enhance oil extraction performance at one of the assets operated by Ithaca Energy in the UK North Sea.

The extended supply agreement is expected to utilize product from an expansion of polymer production capacity for chemical enhanced oil recovery at Kemira"s Botlek, Netherlands, site that took place in 2017, the company says.

The financial or volumes details of the supply deal with Ithaca were not disclosed.

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

According to MRC"s ScanPlast report, Russia"s overall PE production totalled 1,712,400 tonnes in the first seven months of 2020, up by 58% year on year. Linear low density polyethylene (LLDPE) accounted for the greatest increase in the output. At the same time, overall PP production in Russia increased in January-July 2020 by 24% year on year to 1,063,700 tonne. ZapSibNeftekhim accounted for the main increase in the output.


mrcplast.com
Author:Anna Larionova
Tags:petroleum products, PP, PE, ethylene, propylene, petrochemistry.
Category:General News
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