Chandra Asri to supply distributes liquid oxygen to several hospitals in DKI Jakarta and Banten

MOSCOW (MRC) -- PT Chandra Asri Tbk (TPIA), a petrochemical company, distributes 210 tons of liquid oxygen to several hospitals in DKI Jakarta and Banten, said the company.

This supply would answer the demand for liquid oxygen regarding the COVID-19 pandemic response. Erwin Ciputra, President Director of Chandra Asri, claims that the liquid oxygen provision is a way of the company helping the COVID-19 patients in hospitals. “This relief would be channelled to Mayapada Hospitals in Jakarta and Banten, which are a part of Indonesia Regional Hospitals Association,” Ciputra explains in a press conference.

According to Ciputra, the overflowing liquid oxygen demand rises following the surge in COVID-19 cases. As a result, the government is boosting liquid oxygen production up to 922.9 tons per day from its current maximum production capacity of 1,700 tons per day.

On the other occasion, Jonathan Tahir, CEO of Mayapada Healthcare Group, confirms that Chandra Asri delivers 90 tons of liquid oxygen to Mayada. “These would assist the patients currently struggling with COVID-19,” he adds.

The need for liquid oxygen jumps to 1,000 tons per day from the previous 400 tons per day. With this massive surge of COVID-9 cases, the government even predicts the number could go up to 2,600 tons per day.

As per MRC, last year, Chandra Asri (CAP), one of the largest petrochemical producers in Indonesia, received commercial products in the second week of July at its linear polyethylene (LDL) / low density polyethylene (HDPE) plant in Cilegon (Cilegon, Indonesia) and started the process there. capacity building. So, since May 22, the company was forced to reduce the capacity utilization at this enterprise with a capacity of 400 thousand tons of LLDPE / HDPE per year due to various technical problems.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 953,400 tonnes in the first five months of 2021, which virtually corresponded to the same figure a year earlier. High density polyethylene (HDPE) shipments decreased.

Основные владельцы Chandra Asri – таиландская Siam Cement Group (30%) и индонезийская PT Barito Pacific и (64,87%).
MRC

MOSCOW (MRC) -- Sika, a producer of construction chemicals, has acquired American Hydrotech Inc. in the USA and its affiliate Hydrotech Membrane Corporation in Canada, as per the company's press release.

Hydrotech is an experienced and highly regarded liquid membrane manufacturer and provider of full-system roofing and waterproofing solutions. In the fastgrowing green/garden roof segment, Hydrotech is the clear North American market leader.

The acquisition strengthens Sika’s roofing and waterproofing portfolio, and complements Sika’s sustainability focus. In 2020, the acquired company generated sales of CHF 83 million.

With this acquisition, Sika will become the number one supplier of green roofs in North America. Furthermore, Sika gains a new growth platform with the expanded offering of complete roofing and waterproofing systems. The two companies have a similar corporate culture with highly motivated people and a strong focus on sustainable, reliable, long-lasting, solutions and customer relationships, and therefore fit together perfectly.

As MRC informed earlier, in November 2020, Sika commissioned a manufacturing facility in Dubai, United Arab Emirates (UAE), which produces epoxy resins aimed at flooring solutions. Sika has decided to invest in the expansion of its manufacturing facilities at the Dubai site in order to increase flexibility in production, shorten delivery times, optimize cost structures, and reduce inventories.

And in April 2021, Sika expanded its production capacity for concrete admixtures and has started manufacturing epoxy resins in Qatar. Epoxy resins are key components in high-quality floor coverings and adhesives. With its enlarged portfolio and its local production capacity, Sika wants to exploit market potential and drive forward the focused expansion of its business in the region.

Sika is a specialty chemicals company with a leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle industry. Sika has subsidiaries in 101 countries around the world and manufactures in over 200 factories. Its more than 20,000 employees generated annual sales of CHF 7.09 billion in 2018.
MRC

MOSCOW (MRC) - Dow Inc's second-quarter profit doubled from the previous quarter on the back of rising polymer prices, demand and declining inventories, the company said.

Prices were up 16% from the prior period and volumes were up 1%, boosted by increased demand in the infrastructure, industrial and personal care markets.

Net operating income increased in the first quarter by USD2.06 billion, or USD2.72 per share, from USD1.02 billion, or USD1.36 per share, to USD2.06 billion in the third quarter.

Earlier it was reported that Dow Chemical, one of the largest US petrochemical companies, on 19 July began the process of restarting production at its cracker No.7 in Freeport (Freeport, TX, USA) after a technological disruption earlier this month.

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 953,400 tonnes in the first five months of 2021, which virtually corresponded to the same figure a year earlier. High denisty polyethylene (HDPE) shipments decreased. At the same time, PP shipments to the Russian market were 607,8900 tonnes in January-May 2021, up by 33% year on year. Shipments of homopolymer PP and PP block copolymers increased, whereas deliveries of PP random copolymers decreased.

Dow Chemical is an American diversified chemical company headquartered in Midland, Michigan. It is a major manufacturer of polymer products, including polystyrene, polyurethane, polyethylene, polypropylene and synthetic rubbers. The company produces more than five thousand products at 188 production facilities in 37 countries.
MRC

MOSCOW (MRC) -- AkzoNobel’s target is to reduce carbon emissions for the whole value chain by 42% by 2030 (baseline 2020). This will apply to the company’s own operations, as well as its partners, such as customers and suppliers, as per the company's press release.

Currently being officially validated by the Science Based Targets initiative (SBTi), the target will further sharpen and accelerate the company’s vision for its own People. Planet. Paint. approach to sustainable business, which was launched in 2019.

AkzoNobel has become the first paints and coatings company to follow up on its commitment to setting science-based sustainability targets by announcing carbon reduction targets for the full value chain. The company has aligned its own sustainability ambitions with the Paris agreement, which aims to limit global warming and ensure that global temperature rise does not exceed 1.5 C above pre-industrial levels.

“Setting a target like this really matters,” says AkzoNobel CEO, Thierry Vanlancker. “It’s a clear signal that we’re preparing to mobilize our teams globally and take stronger action to tackle climate change. We need to act fast and focus on collaboration and innovation. When push comes to shove, there are those who contribute towards a zero carbon future and those who don't. We’re determined to do all we can and set the example by being the frontrunner in our industry.”

AkzoNobel has already taken great strides forward with its People. Planet. Paint. approach and is forging ahead of target on two key environmental ambitions – halving its own carbon emissions and having 100% renewable electricity in the company’s operations by 2030. To highlight this strong progress, it was recently announced that AkzoNobel would operate only on renewable electricity in Europe by 2022.

As MRC wrote before, AkzoNobel has strengthened its paints business and footprint in Spain by completing the acquisition of 100% of the shares of Spanish decorative paints maker Titan Paints for an undisclosed fee in March, 2021.

We remind that Russia's output of chemical products rose in March 2021 by 5.4% year on year. Thus, production of basic chemicals increased year on year by 6.7% in the first moths months of 2021.

Headquartered in the Netherlands, AkzoNobel is active in over 150 countries and employ around 33,000 people who deliver the high-performance products and services customers expect.
MRC

MOSCOW (MRC) -- SIBUR-Khimprom (Perm) plans to expand its presence in the Russian petrochemical market by delivering styrene monomer (SM) by road from Perm, reported Business Class.

Traditionally, SIBUR-Khimprom ships SM to customers in rail tank cars. Shipments by road will allow the company to meet the needs of customers who require small quantities of material.

"The shipment of styrene by road tank cars is necessary, first of all, for small enterprises with moderate consumption of SM in production, which do not have their own storage facilities. We fill a railway tank car with 66 cubic meters of products, and a car tank holds no more than 22 cubic meters, such volumes are of interest to many small- and medium-sized enterprises, "said Oleg Gryaznov, SIBUR-Khimprom's leading engineer.

According to the calculations of SIBUR-Khimprom experts, SM shipments by road will allow the company to increase the number of customers at the expense of the Central and Volga regions, where it will be profitable to deliver material by road from Perm, as well as by concluding small-scale deals with small businesses.

At present, the commissioning works at SIBUR-Khimprom, which will allow to start shipments of styrene by road tank cars, have already been fully completed.

The idea to ship SM by road was approved by the investment committee and implemented within two years. According to experts, its implementation will allow the plant to increase its sales of SM by 2,500-3,000 tonnes per year.

Commissioning works started at the beginning of 2021. The first SM shipment in a road tank car took place in May 2021.

As MRC reported earlier, SIBUR-Khimprom also produces dioctyl terephthalate (DOTP) - a special eco-friendly phthalate-free PVC plasticizer for general use in the amount of up to 100,000 tonnes per year. The final investment decision on the construction of a DOTP line at SIBUR's site in Perm was made in April 2017, and production was launched in the second quarter of 2019.

SM is the main feedstock for the production of polystyrene (PS).

According to MRC's ScanPlast report, Russia's estimated consumption of PS and styrene plastics totalled 236,110 tonnes in the first five months of 2021, up by 27% year on year (172,360 tonnes). May estimated consumption in the country was 48,880 tonnes, up by 66% year on year.

OAO SIBUR Holding is the largest petrochemical company in Russia and Eastern Europe with full coverage of the industry cycle from gas processing, production of monomers, plastics and synthetic rubbers to plastics processing.
MRC