Austria's OMV and ADNOC to cooperate on petrochemical projects

| March 24, 2019

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Energy group OMV and Abu Dhabi National Oil Company (ADNOC) have agreed to cooperate in the petrochemical sector and to explore opportunities to make use of OMV’s recycling expertise, the Austrian company said. OMV is shifting the focus of its refinery division to aviation fuel and petrochemicals, banking on an ever increasing appetite for air travel and plastic products.

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Asian Group

Asian Chemical Agency, the first company of Asian Group was founded in 1952 and since then has been consistently growing by representing overseas manufacturers and suppliers from different countries to Indian market in the field of Pharmaceutical Excipients, Food Ingredients, Cosmetic Ingredients, Nutraceuticals, Electroplating chemicals, Base Metals, Ferro Alloys, Minor Metals etc.

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Petrochemical buyers, after a very difficult pandemic, can gain from China-driven deflation

Article | May 6, 2021

BUYERS OF polypropylene (PP) and other polymers and petrochemicals have had an incredibly difficult pandemic. Firstly, the converters and brand owners expected doom and gloom last March. At the time it seemed logical to expect a cratering of demand as the global economy pretty much imploded. Just looking at forecasts for GDP, parallels were drawn with the Global Financial Crisis when collapses in growth led to a cratering of polymers demand. The US is a good example where PP demand declined by 12% in 2008 over 2007. Demand then fell by a further 5% in 2009 over 2008.But what we all missed was the complete dislocation of polymers and petrochemicals demand from GDP. As economies registered historic declines, consumption went up. PP demand went through the roof, firstly for food packaging and hygiene applications.Then consumption for the durable goods made from PP also smashed through the rafters as we bought white goods (PP is used to make components of washing machines), consumer electronics (PP is used to make some electronic components) and carpets (PP fibres are used here).

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How Is the SCIP Database Different From the REACH Regulation

Article | May 6, 2021

Companies operating in the European Union (EU) must submit data when introducing articles containing Substances of Very High Concern (SVHCs) above the 0.1 percent weight by weight (w/w) threshold. The reporting trigger for an in-scope article is currently derived from the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) Regulation’s Candidate List of SVHCs, but the data requirements for the SCIP database, triggered by the EU Waste Framework Directive (WFD), vary widely from those required by the REACH Regulation.

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Petrochemicals in PA: What You Need to Know

Article | May 6, 2021

A bill recently passed by the Pennsylvania General Assembly would subsidize the use of fracked gas to produce petrochemicals. At some point—i.e., at a time chosen by the state Senate—H B 1100 will be sent to Governor Wolf, who has promised a veto despite override threats. Meanwhile, Pennsylvanians are trying to understand the bill and its potential impacts. That hasn't been easy, because as with the petrochemical subsidy bills Pennsylvania enacted in 2012, the General Assembly has not held a single hearing on the legislation. The purpose of this blog is to help fill that gap.

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COVID-19’S IMPACT ON CHEMICAL SUPPLY CHAINS

Article | May 6, 2021

The global COVID-19 pandemic has resulted in significant impact on chemical supply chains. Here we take a look at some of the chemicals that have been affected: Sanitization products such as Isopropyl Alcohol have experienced skyrocketing demand. Unfortunately, manufacturers are simultaneously dealing with problems that are preventing them from supplying at full capacity. While two US producers are experiencing production issues, another is having trouble with raw material Acetone supply. A fourth US producer is scheduled to restart production of IPA, but this material will take a few weeks to come online. Meeting this unprecedented demand is proving to be a challenge, and prices have increased sharply.

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Spotlight

Asian Group

Asian Chemical Agency, the first company of Asian Group was founded in 1952 and since then has been consistently growing by representing overseas manufacturers and suppliers from different countries to Indian market in the field of Pharmaceutical Excipients, Food Ingredients, Cosmetic Ingredients, Nutraceuticals, Electroplating chemicals, Base Metals, Ferro Alloys, Minor Metals etc.

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