Evonik and The Vita Group to recycle PU

MOSCOW (MRC) -- Evonik is working with polyurethane (PU) specialist The Vita Group to develop a recycling process to convert foams from used mattresses back to the polyol raw material, said the company.

The hydrolysis recycling processes developed by the partnership will enable used flexible PU foams and mattresses to be recycled and used in different applications.

The European association of flexible polyurethane foam blocks manufacturers (EUROPUR) stated that 40m mattresses are discarded each year in Europe alone, the majority of which end up in landfill, creating the equivalent of 600,000 tonnes of waste, including more than 300,000 tonnes of PU foam.

Evonik’s technology will reduce PU waste while increasing the use of renewable raw materials, closing the loop to support the circular economy, and reducing the number of mattresses that are incinerated or sent to landfill each year.

The Vita Group currently recycles and rebonds more than 30,000 tonnes/year of trim as part of its sustainability practices.

This builds on Evonik's recent inauguration of its PU additives site in Essen, which is focusing on sustainable production.

As MRC informed earlier, in February, 2020, Dow and Evonik entered into an exclusive technology partnership. Together, they plan to bring a unique method for directly synthesizing propylene glycol (PG) from propylene and hydrogen peroxide to market maturity.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,868,160 tonnes in the first nine months of 2021, up by 18% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market were 1,138,510 tonnes in January-September 2021, up by 30% year on year. Supply of propylene homopolymer (homopolymer PP) and block-copolymers of propylene (PP block copolymers) increased, whereas supply of injection moulding statistical copolymers of propylene (PP random copolymers) decreased significantly.

Evonik Industries is one of the world's leading chemical companies in the promising areas of specialty chemistry. The company's products are focused on the high growth rates of megatrends, especially healthcare, nutrition, resource efficiency and globalization.
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1. PTTGC Q3 net profit increased on higher prices, volumes

MOSCOW (MRC) -- PTT Global Chemical's (PTTGC) net profit surged in the third quarter, supported by higher petrochemical sales prices and volumes, said the company. PTTGC shows strong Q3 performance, supports 9 months, turns a profit of 41 billion baht, receives sales revenue. PTT Global Chemical Public Company Limited or PTTGC reported operating results for the 3rd quarter and the first 9 months of 2021 with net profits as follows. As for the operating results in the 3rd quarter of 2021, the company had total sales revenue of 112,173 million baht, slightly increased from the quarter. 2/21 and an increase of 47% from Q3/2017. Likewise, the direction of petroleum product prices continued to rise in line with recovering crude oil prices and demand after many countries around the world began to pass.



MRC

MOSCOW (MRC) -- Oil prices rose on Wednesday, extending strong gains in the previous session, after industry data showed US crude stocks unexpectedly fell last week just as near term travel demand picked up with pandemic curbs easing, reported Reuters.

US West Texas Intermediate (WTI) crude futures rose 23 cents, or 0.3%, to USD84.38 a bbl at 0132 GMT, adding to a 2.7% gain on Tuesday.

Brent crude futures jumped 36 cents, or 0.4%, to USD85.14 a bbl, after rising 1.6% on Tuesday.

Tightening global oil inventories have supported strong crude prices during the past several mos, and the latest data from the American Petroleum Institute reinforced the view that supply remains constrained.

According to market sources, API data showed US crude stocks declined by 2.5 MM bbl for the week to Nov. 5, defying analysts' estimates for a 2.1 MM build in crude stocks in a Reuters poll.

Further underpinning the view the market remains tight, trading giant Vitol Group's CEO Russell Hardy said on Tuesday that oil demand had returned to pre-pandemic levels and that the first quarter of 2022 could see demand exceed 2019 levels.

"The possibility of a spike to USD100 per bbl is clearly there," Hardy told the Reuters Commodities Summit.

Market gains on Tuesday were mainly driven by a short-term outlook from the EIA, which projected gasoline prices would fall over the next few mos.

As MRC informed before, US commercial crude stocks fell 3.48 million barrels to 413.96 million barrels in the week ended Sept. 17, to more than 8% below the five-year average, Energy Information Administration data showed. Stocks were last lower Oct. 5, 2018.

We remind that in late August, 2021, US crude stocks dropped sharply while petroleum products supplied by refiners hit an all-time record despite the rise in coronavirus cases nationwide, the Energy Information Administration said. Crude inventories fell by 7.2 million barrels in the week to Aug. 27 to 425.4 million barrels, compared with analysts' expectations in a Reuters poll for a 3.1 million-barrel drop. Product supplied by refineries, a measure of demand, rose to 22.8 million barrels per day in the most recent week. That's a one-week record, and signals strength in consumption for diesel, gasoline and other fuels by consumers and exporters.

We also remind that US crude oil production is expected to fall by 160,000 barrels per day (bpd) in 2021 to 11.12 million bpd, EIA said in a monthly report earlier this year, a smaller decline than its previous forecast for a drop of 210,000 bpd.
MRC

MOSCOW (MRC) -- Shenhua Ningxia Сoal Industry (SNCG), a subsidiary of Shenhua Group, has shut down its two polypropylene (PP) lines in Ningxia province, China for an uscheduled maintenance, according to CommoPlast with reference to market sources.

Thus, the company took off-stream its No. 1 and No. 2 lines with the combined capacity of 500,000 mt/year of PP (250,000 mt/year each) on 4 November, 2021. Both of the units would remain shut indefinitely.

SNCG declined to comment on the causes of the unexpected shutdown. However, sources attributed the weak economic production to the decision.

Other production lines, including the No. 3 and No. 4 unit at the same complex also with a combined capacity of 500,000 mtyear, are unaffected by the shutdown.

In addition, the company’s phase II PP unit with nameplate output of 600,000 tons/year remains operating as usual.

As MRC reported previously, SNCG shut its No. 1 and 2 PP lines for a scheduled turnaround from 28 May, 2021, to 26 June, 2021.

According to MRC's ScanPlast report, PP shipments to the Russian market were 1,138,510 tonnes in January-September 2021, up by 30% year on year. Supply of propylene homopolymer (homopolymer PP) and block-copolymers of propylene (PP block copolymers) increased, whereas supply of injection moulding statistical copolymers of propylene (PP random copolymers) decreased significantly.

Shenhua Ningxia Coal Industry Group Co., Ltd. engages in coal mining and washing, coal deep processing, coal chemical industry, electric power, real estate, and other businesses.
MRC

MOSCOW (MRC) -- Australia will set up a AD1 B (USD740 MM) fund to invest in companies to develop low-emissions technology, Prime Minister Scott Morrison said on Wednesday, as the country seeks to cut carbon emissions and hit net-zero targets by 2050, reported Reuters.

Under the plan, the federal government will commit AD500 MM to the fund, matched by private investors, which will be used to back early stage companies in developing technologies including carbon capture and storage (CCS).

"Our plan to reach net zero by 2050 is an Australian one that's focused on technology not taxes and this fund backs Australian companies to find new solutions," Morrison said in a statement.

The federal government will introduce legislation to establish the fund, in order to allow the Clean Energy Finance Corp to fund CCS, which is not allowed under its existing terms.

The move came a day after the federal government pledged AD178 MM (USD132 MM) to ramp up the rollout of hydrogen refueling and charging stations for electric vehicles.

As MRC wrote before, in March 2021, BP plc stopped importing oil for its refinery in Western Australia, the country’s largest, and was on track to decommission the plant by the end of March. BP announced last October it would shut the loss-making Kwinana plant, capable of processing 146,000 barrels per day (bpd) of oil, and turn it into a fuel import terminal. It said at the time operations would wind down over six months.

We remind that in early February, 2021, Rosneft Oil Company and BP signed a Strategic Collaboration Agreement focused on supporting carbon management and sustainability activities of both companies. The agreement builds on years of partnership between the two companies and formalises key elements of their collaboration on sustainability and work to identify carbon reduction activities and low carbon opportunities.

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 1,868,160 tonnes in the first nine months of 2021, up by 18% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market were 1,138,510 tonnes in January-September 2021, up by 30% year on year. Supply of propylene homopolymer (homopolymer PP) and block-copolymers of propylene (PP block copolymers) increased, whereas supply of injection moulding statistical copolymers of propylene (PP random copolymers) decreased significantly.
MRC