MOSCOW (MRC) -- OQ Chemicals (Monheim
am Rhein, Germany) has announced sales control, effective immediately, for its
US oxo intermediate products, according to Chemweek.
The measure is due to “recent
increased demand and current shortages of supply for US oxo intermediate
products produced at the Bay City, Texas, site,” it says.
The company
will allocate global supply for all unfilled and future purchase orders “among
our contract customers for whom we have received forecasted demand and our
internal demand until the third quarter of 2021,” it says.
OQ Chemicals
announced a price rise earlier this month for its oxo intermediate products in
the Americas, effective 1 February 2021, due to rising demand and raw material
costs. In December it also imposed a price increase for the same products,
effective 1 January 2021.
As MRC wrote
before, in September 2020, OQ Chemicals entered into an agreement to license its
advanced proprietary technology for the production of ethylene and propylene
derivatives to Duqm Refinery and Petrochemicals Industries Company (DRPIC) in
Oman. DRPIC, a joint venture between Oman Oil Company and Kuwait International
Oil Company, is a planned grassroots petrochemical complex at Duqm, Oman. In
all, DRPIC awarded twelve license packages to international
licensors.
Ethylene and propylene are feedstocks for producing
polyethylene (PE) and polypropylene (PP).
According to MRC's DataScope report,
PE imports to Russia decreased in January-November 2020 by 17% year on year and
reached 569,900 tonnes. High density polyethylene (HDPE) accounted for the
greatest reduction in imports. At the same time, PP imports into Russia
increased by 21% year on year to about 202,000 tonnes in the first eleven months
of 2020. Propylene homopolymer (homopolymer PP) accounted for the main increase
in imports.
OQ Chemicals, formerly Oxea, is a global manufacturer of oxo
intermediates and oxo derivatives, such as alcohols, polyols, carboxylic acids,
specialty esters, and amines. These products are used for the production of
high-quality coatings, lubricants, cosmetics and pharmaceutical products,
flavours and fragrances, printing inks and plastics. OQ Chemicals is part of OQ,
an integrated energy company that delivers sustainability and business
excellence. OQ operates in 16 countries and covers the entire value chain from
exploration and production to the marketing and distribution of its
products. |