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 * 16 November, 2021
 * Anna Larionova


EVONIK TO EXPAND PLASTICIZER PORTFOLIO

MOSCOW (MRC) -- Evonik plans to launch new plasticizer products based on the raw
material INA (Isononanol) next year, said the company.

This will strengthen the Group's global business in plasticizers, which are used
in particular for flexible PVC products such as cables, flooring and roofing
membranes. The new products are to be manufactured at the Group's largest site
in Marl, Germany.

"We are confident of the future viability of our oxo alcohol INA and our
INA-based plasticizers VESTINOL® 9 and ELATUR CH. With the new products, we are
addressing the specific needs of our customers and complementing our portfolio
on a step-by-step basis," says Paul Harmsen, Vice President Strategic Marketing
at Evonik Performance Intermediates. The portfolio expansion contributes to the
consistent strategy of expanding our business with innovative plasticizers of
the new generation.

To determine how existing production capacities at the Marl site can best be
expanded, Evonik recently commissioned preliminary planning. As soon as this
planning has been completed, the basic engineering phase will begin. This will
involve the definition of the basic requirements for the facilities and further
elaboration of details on production volumes. The necessary construction work
can then begin.

The market for innovative plasticizers is growing rapidly. Evonik is driving
this development with its expansion. "As an innovative player in the
plasticizers industry, we are embracing trends in this industry. In addition to
a balanced product portfolio, supply security is particularly relevant for our
customers. Our response to this is to take measures to further secure the
availability of plasticizers and the raw materials used to produce them," says
Roland Pietz, Head of the Oxo Alcohols and Plasticizers market segment at
Performance Intermediates. In addition to the universal plasticizer VESTINOL 9
(DINP), Evonik already offers the innovative products ELATUR® CH (DINCH) and
ELATUR® DPT.

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.
MRC

#petrochemistry#news#PP#PE#crude oil#Evonik#MRC#polymers#Siraya
neft#petrochemistry#neftegaz+Add all tags to filter

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 * 16 November, 2021
 * Margaret Volkova


INDIAN ONGC SELLS CARGO OF RUSSIAN SOKOL CRUDE FOR JANUARY SHIPMENT

MOSCOW (MRC) -- Indian explorer ONGC Videsh has sold a cargo of Russian Sokol
crude for loading in January at the highest premium in 22 mos on robust demand
in Asia, reported Reuters with reference to trade sources' statement on Monday.

The 700,000-bbl cargo was sold at a premium of about USD7.50 a bbl to Dubai
quotes, the highest since trades registered in January 2020, according to the
sources and data on Refinitiv Eikon.

Itochu bought the cargo loading on Jan. 8-14, they said.

ONGC last sold Sokol cargoes for December loading at USD5.30-USD5.90 a bbl.

As MRC informed earlier, India’s state run oil and gas explorer ONGC’s plan to
merge its refining subsidiary Mangalore Refinery and Petrochemicals Ltd (MRPL)
with Hindustan Petroleum Corp Ltd (HPCL) has got delayed. The process is now
expected to be complete by 2024. The merger was aimed at aligning ONGC’s
upstream and downstream operations into two verticals. But ONGC has decided to
consolidate its refining and petrochemicals business around MRPL first before
going for the merger.

Mangalore Refinery and Petrochemicals Limited (MRPL), is an oil refinery at
Mangalore and is a subsidiary of ONGC, set up in 1993. The refinery is located
at Katipalla, north from centre of Mangalore city. The refinery was established
after displacing five villages of Bala, Kalavar, Kuthetoor, Katipalla, and
Adyapadi.

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

#petrochemistry#ethylene#propylene#crude and gaz
condensate#India#news#PP#PE#ONGC#MRC#petrochemistry#polymers+Add all tags to
filter

Related news
 * 29 March, 2022

ONGC sells Russian Sokol crude oil to Indian refiners
 * 27 December, 2021

Tumble in spot premiums for February-loading cargoes spurs Asia refiners to
purchase Mideast oil
 * 28 October, 2021

Relianceand bp JV launches its first mobility station in India
 * 22 October, 2021

Crude oil futures drop in Asia as pandemic concerns weigh on demand outlook
 * 11 August, 2021

Iraq to raise oil production to 8 mln barrels per day by 2027
 * 06 May, 2021

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Refinery
 * 16 November, 2021
 * Anna Larionova


OIL PRICES DECREASED ON ANTICIPATION OF HIGHER CRUDE SUPPLY

MOSCOW (MRC) -- Crude oil prices fell on Monday on expectations of increasing
supply, while the recent surge in energy costs and rising COVID-19 cases are
expected to weigh on demand, said Hydrocarbonprocessing.

Brent crude futures fell 87 cents , or 1.1%, to $81.30 a bbl, as of 11 a.m. EDT
(1500 GMT). U.S. West Texas Intermediate (WTI) crude lost 80 cents, or 1.0%, to
USD79.99 a bbl. Oil markets have ended each of the last three weeks lower than
the previous one. However, Brent has only shed a total of 4% in that time, as
the market see-sawed between concerns about insufficient supply and worries that
high prices will cool demand just as drillers ramp up activity.

The strengthening dollar has also pressured oil prices, along with speculation
that President Joe Biden's administration might release oil from the U.S.
Strategic Petroleum Reserve. U.S. energy firms last week added oil and natural
gas rigs for a third week in a row with crude prices hovering near a seven-year
high, prompting some drillers to return to the wellpad.

The oil and gas rig count, an early indicator of future output, rose by six to
556 in the week to Nov. 12, highest since April 2020, energy services firm Baker
Hughes Co said on Friday. U.S. shale production in December is expected to reach
prepandemic levels of 8.68 MMbpd, according to Rystad Energy. At the same time,
there are indications that demand may be slowing in due to heightened
coronavirus cases and inflation.

The Organization of the Petroleum Exporting Countries (OPEC) last week cut its
world oil demand forecast for the fourth quarter by 330,000 bpd from last
month's forecast, as high energy prices hampered an economic recovery from the
COVID-19 pandemic. "The market now seems to be less concerned about the current
supply tightness, expecting it to be short-lived," said Rystad senior markets
analyst Louise Dickson. "Traders are instead refocusing on the return of two
bearish factors – the possibility of more oil supply sources and more Covid-19
cases."

UAE Energy Minister Suhail al-Mazrouei said all indications point to an oil
supply surplus in the first quarter of 2022. "There's little chance of OPEC+
raising output faster, especially if - as UAE energy minister Suhail al-Mazrouei
claimed today - the group expects the market to return to surplus in the first
quarter of 2022," said Craig Erlam, senior markets analyst at OANDA.

Europe has again become the epicentre of the COVID-19 pandemic, prompting some
governments to consider re-imposing lockdowns, while China is battling the
spread of its biggest outbreak caused by the Delta variant.

As per MRC, crude oil futures extended declines in midmorning trade in Asia Nov.
15, as investors continued to fret over a stronger dollar amid signs of rising
inflation and a recent uptick in COVID-19 cases in Europe and China. At 10:12 am
Singapore time (0212 GMT), the ICE January Brent futures contract was down 49
cents/b (0.60%) from the previous close at USD81.68/b, while the NYMEX December
light sweet crude contract fell 39 cents/b (0.48%) to USD80.40/b. Bearish
pressures continued to dominate sentiment in an event-thinned week of Nov. 14,
with investor confidence shaken in recent days by signs of rising inflation in
the US. The Biden Administration has hinted at action to tackle surging energy
prices in the form of Strategic Petroleum Reserve releases.

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

#petrochemistry#news#PP#PE#petroleum products#MRC#polymers#petroleum#Siraya
neft#petrochemistry#neftegaz+Add all tags to filter

Related news
 * 08 April, 2022

Lukoil can shut its refineries in the Russian Federation due sanctions
 * 08 April, 2022

Mitsui and Pertamina look for CCUS opportunities in Indonesia
 * 07 April, 2022

Repsol becomes shareholder in Enerkem
 * 05 April, 2022

Singapore chemicals output fall 2.7% in February
 * 05 April, 2022

Russian attacks have destroyed an oil refinery in Kremenchuk
 * 04 April, 2022

Suncor says Edmonton refinery fire put out
 * 16 November, 2021
 * Margaret Volkova


SHELL TO SIMPLIFY ITS SHARE STRUCTURE AND TO BECOME FULLY UK-BASED

MOSCOW (MRC) -- Shell said Nov. 15 it plans to scrap its long-standing dual
share system and move its tax residence to the UK to simplify its structure,
boost competitiveness and accelerate shareholder distributions, reported S&P
Global.

Shell said it will propose to shareholders moving to single class of shares to
bring it in line with its competitors and most other global companies.

Shell has been incorporated in the UK with Dutch tax residence and a dual share
structure since 2005. Its origins as a dual structure company date back to 1907
when Koninklijke Olie merged with Shell Transport and Trading.

"The simplification will normalize our share structure under the tax and legal
jurisdictions of a single country and make us more competitive. As a result,
Shell will be better positioned to seize opportunities and play a leading role
in the energy transition," Shell chair Andrew Mackenzie said in a statement.

As a result of the changes, Shell said it expects to change the company's
official name from Royal Dutch Shell to Shell.

Shell, like all its European energy major rivals, has set targets to shift away
from oil and gas production as it ramps up spending on renewables such as solar
and wind power. The company says its oil production has already peaked in 2019.

In addition to changing its tax residence to UK, Shell said its chief executive
and a chief financial officer will be located in the UK along with its board and
executive committee meetings. Following the simplification, Shell shareholders
will continue to hold the same legal, ownership, voting and capital distribution
rights in Shell. Shares will continue to be listed in Amsterdam, London and New
York, with FTSE UK index inclusion.

As MRC informed earlier, Royal Dutch Shell plans to reduce its refining and
chemicals portfolio by more than half, it said in July 2020 without giving a
precise timeframe. The move is part of the Anglo-Dutch company's plan to shrink
its oil and gas business and expand its renewables and power division to reduce
greenhouse gas emissions sharply by 2050.

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.

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

#petrochemistry#crude and gaz
condensate#Netherlands#UK#news#PP#PE#Shell#MRC#petrochemistry#polymers+Add all
tags to filter

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 * 21 January, 2022

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 * 24 November, 2021

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 * 28 October, 2021

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 * 21 October, 2021

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 * 16 November, 2021
 * Anna Larionova


ORLEN POLUDNIE STARTED UP PRODUCTION OF GREEN PROPYLENE GLYCOL

MOSCOW (MRC) -- ORLEN Poludnie, an ORLEN Group company, has brought on stream
Poland’s first and Europe’s largest green propylene glycol production unit at
its biorefinery in Trzebinia, said the company.

The unit has a capacity of 30,000 tonnes a year, enough to cover as much as 75%
of the domestic demand for the product. This PLN 400m capital project will add
over PLN 50m to the Group’s annual EBITDA. An integral part of the complex is
Poland’s first hydrogen hub. The projects implemented in southern Poland are
another step towards achieving the Group’s strategic goals for low- and
zero-carbon energy.

Green glycol is a high-margin bio-based product that is clean and
environmentally safe. It is used for a wide range of applications, including in
medicine, cosmetics, and the food industry. It can also be used in aviation as
an anti-icing and de-icing agent for aircraft. ORLEN Poludnie will produce
30,000 tonnes of green glycol a year, an impressive 10,000 tonnes more than
Europe’s only unit of this type located in Belgium.

"We think ahead. We have launched a state-of-the-art unit to make green glycol
in Trzebinia as demand for this bio-based product is constantly growing in
Europe and around the world. Poland will be the leader of glycol production in
Europe. At the same time, we are bringing on stream Poland’s first hydrogen hub,
which forms part of the glycol complex. The completed projects will stimulate
fast growth of the ORLEN Group in strategic areas while significantly
strengthening competitive advantage of the Polish economy. For ORLEN Poludnie,
the projects are another milestone in the process of transforming the company
into a state-of-the-art biorefinery and consolidating its position as a major
business organisation and employer in the region - said Daniel Obajtek,
President of the PKN ORLEN Management Board".

Glycerine obtained at the Trzebinia plant as a by-product of biodiesel
production will be used to make the eco-friendly glycol, which will be sold to
customers in Poland and abroad. The project will also benefit other Polish
biodiesel producers, from whom the company will source glycerine. The new
project will strengthen ORLEN Poludnie’s position both as a player on the Polish
biocomponents market and an employer in the region. The glycol unit has created
several dozen jobs. Today the company has a workforce of over 670, with more
than half of them employed at the Trzebinia refinery.

Construction on the green glycol project was launched in the autumn of 2019 and
it was completed on schedule by a consortium formed by two Polish companies:
Technik Polska and Biproraf. An integral part of the glycol complex is Poland’s
first hydrogen hub with an annual output of 16 Nm3, of which 75% will be used
for glycol production and the remaining 25% will be further purified into
hydrogen fuel. The hub will have an annual production capacity of 350 tonnes of
pure automotive-grade hydrogen.

The fuel made in Trzebinia is to ultimately power public transport vehicles in
Krakow and the Upper Silesian agglomeration. To that end, the Group has signed
letters of intent with Miejskie Przedsiebiorstwo Komunikacyjne of Krakow,
Krakowski Holding Komunalny, and the Metropolitan Association of Upper Silesia
and Dabrowa Basin. In the future, ORLEN Poludnie will also operate a mobile
hydrogen refuelling station.

The strategic capital projects implemented in Trzebinia are underpinned by ORLEN
Poludnie’s firm and stable financial footing. In the first nine months of 2021
alone, the company posted revenue of ca. PLN 2.4bn, almost PLN 200m more than in
the entire 2019 and over PLN 500m more than in the pandemic year of 2020. ORLEN
Poludnie has also delivered record net profit for the first three quarters of
the year, of PLN 108m.

As per MRC, in August 2020, PKN Orlen signed a non-binding agreement with the
state treasury and Grupa Lotos to shape a deal to take direct or indirect
capital control of fellow state company Lotos.

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.

PKN Orlen would be the first refining and petrochemicals company in Europe to
use the Honeywell UOP MaxEne technology for molecule management of a naphtha
stream to produce high-quality products including olefins, aromatics and
gasoline.

MRC

#petrochemistry#propylene#news#PP#PE#PKN Orlen#Orlen Poludnie#MRC#polymers+Add
all tags to filter

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 * 18 February, 2022

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