Evonik expands sustainable catalyst offerings with new product Octamax

Evonik has launched a highly sustainable new catalyst product, Octamax, that improves sulfur removal performance for refinery fuel, said Hydrocarbonprocessing.

The technology consists of uniquely selected NiMo and CoMo catalysts regenerated and enhanced at optimal conditions for use in cracked gasoline hydrodesulfurization units. The cost-effective solution from Evonik maximizes sulfur removal and improves octane level retention to meet current gasoline pool requirements, extending the business line’s sustainable catalyst offerings within refinery applications.

“Refiners face a complex balance of commercial viability in a competitive market, while remaining environmentally conscious. At Evonik, we are committed to creating sustainable, value-added catalytic processes and solutions for our customers,” says John Kennedy, Evonik Catalysts Vice President and General Manager of the Americas region.

He added, “We look forward to better serving refiners with our extended catalyst expertise and product offerings, now across a greater range of refinery applications. The launch of Octamax is a great example of our commitment to Next Generation solutions at Evonik, that also helps customers improve their bottom line.”

Octamax reduces potential landfill waste by regenerating spent catalysts that can be re-used. This reduces reliance on fresh catalysts, helping to save valuable raw materials – and supporting refineries’ sustainability efforts.

Jignesh Fifadara, Global Director of HPC Catalysts at Evonik Catalysts and responsible for sustainability issues in this field, says: “The worldwide push for lower sulfur content in gasoline is putting refiners under pressure to comply with new limits. They are being challenged to find new ways to optimize performance and profitability, while operating units at higher severity.

“Octamax presents a high-performance and cost-effective solution for Fluid Catalytic Cracking [FCC] gasoline post-treatment units, allowing refiners greater flexibility.” The product offers equal or better octane selectivity to alternative fresh catalysts and allows refiners to lower sulfur in gasoline without impacting target cycle length.

Octamax can be used by refineries processing FCC Naphtha that are looking to maintain or improve octane levels, while producing ultra-low sulfur gasoline. Its application is also suitable for refineries looking to maximize sulfur credits, by taking advantage of improved catalyst HDS activity.

We remind, Evonik Industries AG said it has signed an agreement to sell its superabsorbents business to International Chemical Investors Group for an enterprise value in the low triple-digit million euro range. The agreement also includes the assumption of pension obligations by ICIG, the company said. The final transfer of the business is planned for mid-2024 following approval by the relevant competition authorities

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Technip Energies, leader of a joint venture with JGC and NPCC, have received a Limited Notice To Proceed from ADNOC to commence early engineering, procurement and construction activities at the Ruwais low-carbon LNG project, located in Al Ruwais Industrial City, Abu Dhabi, said Hydrocarbonprocessing.

The project will consist of two natural gas liquefaction trains with a total LNG production capacity of 9.6 MMtpy. The plant will use electric-driven motors instead of conventional gas turbines and will be powered by nuclear energy.

The plant is set to be the first LNG export facility in the Middle East and North Africa (MENA) region to run on clean power, making it one of the lowest-carbon intensity LNG plants in the world.

The project will significantly enhance ADNOC's LNG production capacity aligning with global natural gas demand and the shift towards decarbonization.

Arnaud Pieton, CEO of Technip Energies, commented, “LNG is a critical source of energy on the world’s pathway to net zero and Technip Energies is committed to supporting its continued development while concretely addressing the necessary demand being placed on the industry for emissions abatement. The Ruwais LNG project reflects the future. It innovates for a decarbonized LNG industry. With zero carbon energy sources to power electrified LNG trains, we are setting a new standard for LNG production. This project not only enhances our strong partnership with ADNOC but also reinforces our position as a leader in low-carbon LNG. We are proud to be part of this project that perfectly aligns with our ambition of enabling net zero solutions and meeting the challenge of an affordable, available and sustainable energy.”

Farhan Mujib, Representative Director, President of JGC, commented, “We are highly honored to participate in this innovative low-carbon LNG Project. With the backdrop of global focus on decarbonization, the JGC Group is accelerating the promotion of energy transition, and the project is firmly in line with the direction of our strategy. We commit to leveraging our capabilities and experience for the Ruwais low-carbon LNG Project, bringing to the project our proven track record in the LNG field. We are convinced this will contribute to the success of the project and enhance economic growth in the UAE.”

Ahmed Al Dhaheri, CEO of NPCC, commented, "We are deeply honored to be selected for the Ruwais low-carbon LNG Project with our esteemed partners, marking a significant step toward environmental sustainability and global energy transition. Utilizing clean energy for LNG production sets a new industry standard, drastically lowering carbon emissions and paving the way for a cleaner future. We're proud to be part of a project that not only secures energy but also showcases the UAE's role in leading the energy transition."

We remind, ADNOC announced that it has formally closed the acquisition of a 24.9% shareholding in OMV AG, a global energy and chemicals group, headquartered and listed in Vienna, Austria, from Mubadala Investment Company. The transaction accelerates delivery of ADNOC’s global chemicals growth strategy, and reinforces its status as a responsible, long-term partner and growth-oriented investor. Financial details were not disclosed.

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Crude inventories fell by 1.5 MM barrels to 447 MM barrels last week, the EIA said, compared with analysts' expectations in a poll for a 1.3 MM-barrel rise, as per Reuters.

Crude stocks at the Cushing, Oklahoma, delivery hub USOICC=ECI fell by 220,000 barrels in the week ended March 8, the EIA said. Refinery crude runs USOICR=ECI rose by 390,000 barrels per day in the week ended March 8, the EIA said.

Refinery utilization rates USOIRU=ECI rose by 1.9 percentage points in the week. U.S. gasoline stocks USOILG=ECI fell by 5.7 million barrels in the week to 234.1 million barrels, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.9 million-barrel draw.?

Distillate stockpiles USOILD=ECI, which include diesel and heating oil, rose by 888,000 barrels in the week to 117.9 million barrels, versus expectations for a 150,000-barrel drop, the EIA data showed.

Net U.S. crude imports USOICI=ECI fell last week by 241,000 barrels per day, EIA said.

We remind, a fire at Exxon Mobil's Port Jerome-Gravenchon refinery in northern France, which broke out earlier, has been brought under control, local authorities said. The Seine-Maritime prefecture said in a statement that the fire had started at a gasoline distillation unit around 3:30 p.m. (1430 GMT) and had generated thick plumes of smoke.

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South Korean authorities are investigating imports of naphtha, a petrochemical feedstock, looking into whether supply from Russia was being mislabeled as fuel from elsewhere, multiple sources familiar with the matter said, as per Hydrocarbonprocessing.

It could not immediately be determined why authorities were probing the origin of the naphtha, although Russian-origin energy cargoes have come under closer scrutiny in the aftermath of the sanctions on Moscow. The authorities have sought information from South Korean petrochemical firms as well as Trafigura, a global commodities trader which is among several companies selling naphtha into the country, sources said, declining to be named as they are not authorized to speak to the media.

The sources said they had no further details, including which Korean petrochemical firms had been contacted. Trafigura declined to comment. The Korea Customs Service declined to comment. A National Police Agency official said he had no immediate comment.

One of the sources said authorities including police and customs officials were looking into naphtha labelled as imported from Tunisia. Naphtha imports from Tunisia started in late 2022, with about 10,000 barrels per day (bpd) imported in 2023, Kpler data showed. The probe was first reported by Bloomberg.

South Korea was Asia's top naphtha importer at 560,000 bpd last year, Kpler data showed. The Group of Seven (G7) countries, the European Union and Australia set price caps for Russian crude and oil products to allow access to western services and keep markets supplied while limiting Moscow's revenues in the aftermath of its invasion of Ukraine. The EU banned import of those fuels from Feb. 5, 2023. South Korea supports the G7 price cap.

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Novoloop, an advanced recycling startup based in Menlo Park, California, announced that it has raised USD11 mln in Series A funding, said Recyclingtoday.

The funding will be used to expand the company's plastic chemical recycling process, Accelerated Thermal Oxidative Decomposition (ATOD), and bring its production process to scale. Miranda Wang, co-founder and CEO of Novoloop, said: “Plastic is not going away anytime soon, so we need innovation to close the gap between what is produced and what is reused. Our technical processing capacity has expanded to tens of thousands of tons.”

The round was led by Envisioning Partners, with participation from Valo Ventures and Bemis Associates. Early investors in the round include SOSV, Mistletoe and TIME Ventures.

ATOD is a proprietary processing technology that breaks down polyethylene (PE) into chemical components that can be synthesized into high-value products, the company said. The process will be used to make Oistre, a thermoplastic polyurethane (TPU) used in high-performance applications such as footwear, apparel, sporting goods, automotive and electronics.

Oistre is the first thermoplastic polyurethane made from post-consumer polyethylene with performance characteristics that match virgin thermoplastic polyurethanes made from petrochemicals, the company said. At the same time, Oistre's carbon footprint is 46 percent smaller than conventional TPU.

Development work with Bemis will begin in March. The product will first be used on its Sewfree on Demand line by Shirley, Massachusetts-based brand consultant Bemis Associates as a possible replacement for virgin petroleum-based thermoplastic polyurethane, Wang said.

In a press release, Bemis said: “Since its founding in 2015, Novoloop has been a pioneer in chemically converting plastic waste into high-performance chemicals and materials. Through strategic investments in environmentally conscious technologies, Bemis will continue to strengthen Its leadership in sustainability and offering a wide range of environmentally friendly products to the market."

Novoloop was founded when Wang and her business partner, Jeanny Yao, were undergraduate students at the University of Pennsylvania and the University of Toronto. Before that, the duo came up with the idea to start the project after visiting a municipal waste transfer station and realizing how much material was not being recycled.

While Oistre will be one of the company's main products, Wang estimates ATOD derivatives can produce a variety of products, including various adhesives, paints and nylons. The overall market for the products Novoloop can make is more than $140 billion, Wang said.

Novoloop is working to develop relationships with material recovery agencies like GreenWaste Recovery in San Jose, Calif., to source materials used to make Oistre, she said. Novoloop and GreenWaste Recovery plan to launch a new project later this year.

Novoloop says it is currently sampling and accepting pre-orders for Oistre 65A, a soft-grade polyester thermoplastic polyurethane for injection molding, especially for footwear applications. Higher hardness grades of Oistre TPU will be available soon.

We remind, INEOS Olefins & Polymers Europe, PepsiCo and Amcor have teamed up to launch new snack packaging for Sunbites crisps containing 50% recycled plastic, said the company. The new packaging was launched in the UK and Ireland for PepsiCo’s snack brand Sunbites in late 2023. The packaging is made by recycling plastic waste into food grade packaging material using an advanced recycling process.

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