ZE PowerGroup partners with MRC to provide customers with petrochemical and energy market data

MOSCOW (MRC) -- ZE PowerGroup Inc.(ZE), a global leader in data integration and analytics, has joined hands with the Market Report Company (MRC) to provide customers with greater choice in petrochemical and energy market data, as per press release of the companies.

The company boasts an exceptional global reputation and caters to the unique needs of organizations across industries by introducing new data sources every week. MRC is a recognized regional PRA (Price Reporting Agency) known for preparing pricing and analytical data reports on the markets of Russia, Ukraine, and the CIS countries.

This partnership will help clients worldwide get access to accurate niche data in the chemical and energy sector of a traditionally opaque market. As a result, businesses will be able to leverage valuable market insights to make intelligent, well-informed decisions.

"We are super excited to partner with MRC and expand our global data coverage to include the markets of Russia, Ukraine, and the CIS countries. This partnership will allow our clients in the petrochemical and greater energy industries to stay on top of this evolving market. ZE is always working hard to partner with critical data providers that can add value to our client’s business interests." says Aiman El-Ramly, Chief Business Officer, ZE PowerGroup.

Ross Linford, the Managing Director at MRC Partners Ltd, has similar thoughts. He states, "Market Report Company (MRC) is delighted to be working with ZE Power Inc and know our customers will share our enthusiasm as they interact with our predictive data on ZEMA. We are excited to welcome new customers looking to navigate a volatile and under-developed commodity sector with our specialist data and insights."

Established in 1995, ZE’s sole purpose is to help clients be more efficient through information automation and superior services. ZE is the developer of ZEMA™, comprehensive data integration and analytics platform for resolving data management and business process automation challenges. By providing unrivaled data collection, analytics, curve management, and integration capabilities, ZEMA offers flexible and cost-efficient business process solutions for clients in all markets and industries.

Market Report Company (MRC) has been at the forefront of chemicals business intelligence for the past two decades. Our data-driven solutions, pricing analytics, and local market insight help industry players make more informed decisions across the petrochemicals value chain. Our regional expertise has been developed over the years, working with the companies that matter within Russia, Ukraine and the CIS (Commonwealth of Independent States) region. We provide our global supply chain customers with the market pricing, fundamentals, and data analytics they have come to depend on to understand what is really happening in one of the world’s most important petrochemical markets.
MRC

MOSCOW (MRC) -- Japanese refiners will need at least three months to resume Iranian oil imports even if the Iranian nuclear talks lead to an agreement and a lifting of sanctions, Tsutomu Sugimori, president of the Petroleum Association of Japan (PAJ) said, as per Reuters.

Sugimori, who also serves as chairman of Eneos Holdings Inc , said the company's role is to support the Tokyo Olympics as a partner since there are athletes and officials who eagerly want the Games to be held.

As MRC informed earlier, an explosion on an oxygen pipeline in a petrochemical plant in Assaluyeh on Iran's Gulf coast killed one worker, Iranian state media reported, adding that the ensuing fire had been extinguished.

As per MRC, A fire broke out at the site of Bashneft-Ufaneftekhim branch in Ufa. The fire was quickly extinguished by the operational services of the branch. No one was injured. Bashneft-Ufaneftekhim explained that a small volume of oil caught fire at the industrial site, the area of the fire did not exceed 15 sq. m. The company does not see environmental threats: constant environmental monitoring is carried out on site. The main production of the plant is operating normally.

According to MRC's ScanPlast report, Ufaorgsintez was operating with higher capacity utilisation in March, the plant's PP production totalled about 11,400 tonnes versus 9,500 tonnes a month earlier. The Ufa plant's overall PP output reached 32,800 tonnes in the first quarter of 2021, down by 3% year on year.
MRC

MOSCOW (MRC) -- French industrial gases major Air Liquide is partnering with investment firm Rothschild and the Solar Impulse Foundation to launch a EUR200m clean energy technology buy-out and investment fund, said Gasworld.

The investment platform will bolster Air Liquide’s ambition to be carbon neutral by 2050 and allow the partners to focus on companies which demonstrate a positive impact on the environment and society across Europe. Sectors targeted will include clean energy, sustainable food and agriculture, circular economy, clean water and sanitation, smart cities, sustainable mobility, and industrial innovation.

About the development, Benoit Potier, Chairman and CEO of Air Liquide, said, “Sustainable development is at the heart of Air Liquide’s strategy. With this initiative, led through ALIAD (Air Liquide Venture Capital), its venture capital arm, Air Liquide aims to foster the development of technologies in line with its global ambition to ACT for a sustainable future."

“We are delighted to be able to contribute with Air Liquide’s expertise to the emergence of innovative companies in the impact field, alongside Rothschild & Co and the Solar Impulse Foundation, of whom we have been a long-standing partner."

With the need for a cleaner future building momentum over the past few years, Air Liquide has recently announced its new ESG objectives to ACT for a sustainable future and consider this initiative vital to accelerating Energy Transition. Of the partnership, Alexandre de Rothschild, Executive Chairman of Rothschild & Co, said, “We are delighted to partner with Air Liquide and Solar Impulse Foundation in this initiative."

Since 2013 with the first successful round-the-world solar-powered flight, Air Liquide has been partnering with the Solar Impulse Foundation. Bertrand Piccard, Founder and Initiator of the Solar Impulse Foundation, said, “We’ve proven that over 1000 profitable solutions exist to protect the environment."

"Now we need to show that investing in new and clean technologies makes both economic and ecological sense." Since its inception in 2013, ALIAD has invested in more than 35 companies for a total capital committed of nearly EUR100m.

As per MRC, Air Liquide, one of the world's leading industrial gas companies, has three long-term gas supply contracts with BASF in Antwerp, Belgium. The company has signed a new 15-year agreement to resume air gas supplies to existing plants operated by BASF in the area, as well as to a new ethylene oxide plant being built by BASF.

Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 576,270 tonnes in the first three month of 2021, up by 4% year on year. Low density polyethylene (LDPE) and high density polyethylene (HDPE) shipments increased. At the same time, PP shipments to the Russian market totalled 410,890 tonnes in January-March 2021, up by 56% year on year. Supply of homopolymer PP and PP block copolymers increased.
MRC

MOSCOW (MRC) – Dow, a global leader in materials science, joins CDP Supply Chain Program (formerly Carbon Disclosure Project, an international non-profit specialized in environmental reporting) to track climate impacts in the supply chain and identify collaborative decarbonization opportunities with suppliers, as per the company's press release.

This is part of Dow’s expanded Sustainable Procurement multigenerational plan. The CDP program supports Dow’s “protect the climate” targets, announced in 2020, and its commitment to accelerate its work with its suppliers, customers and value chain partners to ensure Dow’s ecosystem is carbon neutral by 2050.

In 2021 Dow intends to engage suppliers to request climate-related information via CDP’s online disclosure platform. “Dow has an aggressive target to reduce its net annual carbon emissions by 5 million metric tons (versus 2020 baseline) by 2030 and to ensure Dow’s ecosystem is carbon neutral by 2050,” said Leticia Jensen, Global Purchasing Sustainability Director. “While we continue to take action to reduce our own emissions, our suppliers will play a critical role in helping Dow achieve carbon neutrality.”

Dow will also engage its suppliers by providing feedback on areas for possible improvements, helping to build expertise in climate accounting. This engagement is part of Dow’s multigenerational plan to advance Sustainable Procurement practices.

By making climate data available on CDP’s platform, Dow can help its customers, suppliers and other value chain partners to make more informed decisions about their own risks and identify opportunities for collaboration to decrease the total carbon footprint.

As MRC informed before, in April, 2021, Dow and Mura Technology partnered to help keep plastic waste out of the environment. The collaboration will support the rapid scaling of Mura’s new HydroPRS (Hydrothermal Plastic Recycling Solution) advanced recycling process aimed at preventing plastic and carbon from entering the natural environment while creating the feedstocks for a sustainable, circular plastics economy.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 576,270 tonnes in the first three month of 2021, up by 4% year on year. Low density polyethylene (LDPE) and high density polyethylene (HDPE) shipments increased. At the same time, PP shipments to the Russian market totalled 410,890 tonnes in January-March 2021, up by 56% year on year. Supply of homopolymer PP and PP block copolymers increased.

The Dow Chemical Company is an American multinational chemical corporation headquartered in Midland, Michigan, United States. Dow is a large producer of plastics, including polystyrene (PS), polyurethane, polyethylene, polypropylene, and synthetic rubber.
MRC

MOSCOW (MRC) -- A Dutch court ordered Royal Dutch Shell to significantly deepen planned greenhouse gas emission cuts, in a landmark ruling that could pave the way for legal action against energy companies around the world, said Hydrocarbonprocessing.

Shell immediately said it would appeal the court ruling, which comes amid rising pressure from investors, activists and governments on energy companies to shift away from fossil fuels and rapidly ramp up investments in renewable energy. At a court room in The Hague, judge Larisa Alwin read out a ruling which ordered Shell to reduce its planet warming carbon emissions by 45% by 2030 from 2019 levels.

"The court orders Royal Dutch Shell, by means of its corporate policy, to reduce its CO2 emissions by 45% by 2030 with respect to the level of 2019 for the Shell group and the suppliers and customers of the group," Alwin said. Earlier this year Shell set out one of the sector's most ambitious climate strategies. It has a target to cut the carbon intensity of its products by at least 6% by 2023, by 20% by 2030, by 45% by 2035 and by 100% by 2050 from 2016 levels.

But the court said that Shell's climate policy was "not concrete and is full of conditions...that's not enough." "The conclusion of the court is therefore that Shell is in danger of violating its obligation to reduce. And the court will therefore issue an order upon RDS," the judge said.

The court ordered Shell to reduce its absolute levels of carbon emissions, while Shell's intensity-based targets could allow the company to grow its output in theory. "This is arguably the most significant climate change related judgment yet, which emphasises that companies and not just governments may be the target of strategic litigation which seeks to drive changes in behaviour," said Tom Cummins, dispute resolution partner at law firm Ashurst.

Shell said that it would appeal the verdict and that it has set out its plan to become a net-zero emissions energy company by 2050. Shares in its London-traded stock were down 0.7% at 1427 GMT, compared with 0.8% gains in the broader European energy sector.

As per MRC, Royal Dutch Shell agreed to sell its controlling interest in a Texas refinery to partner Petroleos Mexicanos (Pemex) for about USD596 million, the latest move by the European oil major to cut its global refining footprint. The deal ends a 28-year partnership between Shell and Pemex, Mexico's state-run oil company that processed up to 340,000 barrels per day of oil into gasoline and diesel. The deal was significantly revamped three years ago in a move to halve its purchases of Mexican crude beginning in 2023.

Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 576,270 tonnes in the first three month of 2021, up by 4% year on year. Low density polyethylene (LDPE) and high density polyethylene (HDPE) shipments increased. At the same time, PP shipments to the Russian market totalled 410,890 tonnes in January-March 2021, up by 56% year on year. Supply of homopolymer PP and PP block copolymers increased.

Royal Dutch Shell plc is an Anglo-Dutch multinational oil and gas company headquartered in The Hague, Netherlands and with its registered office in London, United Kingdom. It is the biggest company in the world in terms of revenue and one of the six oil and gas "supermajors". Shell is vertically integrated and is active in every area of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading.
MRC