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The supply-chain inflation threat to petrochemicals demand

JOHN RICHARDSON AND FERGUS JENSEN | May 9, 2021 | 230 views

Petrochemicals themselves remain in short supply. This is partly because of reduced feedstock from refineries, a consequence of the pandemic-related collapse in transportation fuels demand.Global petrochemical supply is still edging back to something like normal following the US winter storms in February, during which most US capacity was shut down.

A point of discussion is whether containers will become available in the right places at the right prices to relieve tightness in the European polyethylene (PE) market, once US supply has normalised. The container issue is making it difficult to move PE and polypropylene (PP) cargoes from Asia to Europe.Market intelligence from the US-based ICIS CDI team indicates that enough container freight space will be available to resume significant shipments of US PE to Europe, albeit at high prices. It will be several more weeks before domestic pipelines have been refilled, enabling US producers to refocus on exports, added CDI.

Spotlight

Hydrite

At Hydrite, we are family driven, financially strong and we are looking for problem-solvers to join our growing team. What employees say about Hydrite: •“The owners truly care about the employees and their families, despite significant growth. This type of environment is becoming more rare. I feel blessed to be part of the success of the organization.”• “Strong family values and great benefits.”• “Everyone cares about everyone else, from the lowest to highest positions in the company.”

OTHER ARTICLES
Chemical Management

We can solve the plastic waste crisis but we don’t have much time

Article | May 1, 2021

IN 2015, a global agreement was reached that 8m tonnes a year of plastic waste entering the oceans was unacceptable, according to this September 2020 article in The Conversation. This was the amount of plastic that was estimated to have ended up in the oceans in 2010. “Several international platforms emerged to address the crisis, including Our Ocean, the UN Sustainable Development Goals and the G7 Ocean Plastic Charter, among others,” continued the article. But in 2020, an estimated 24m-34m tonnes of plastic waste was forecast to enter our lakes, rivers and oceans. This could reach as much as 90m tonnes in 2030 if the current trajectory continued, said The Conversation. This is the type of information out there, free to view on the internet and accessible via a very quick Google search, representing a major challenges for our industry. I cannot of course verify the numbers. But they are out there. Also out there is a May 2019 article by the World Economic Forum (WEF), which provided a good summary of research into what experts believed was the scale of the waste problem in the developing world.

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Chemical Management

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

Article | May 2, 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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Chemical Management

Resin and Polymeric Binders for Inks

Article | June 15, 2021

The market size for polymeric and resin binders in the global printing ink marketwas estimated to be over 1,200,000 MT in 2020, with a CAGR of about five percent. A major driver of this growth comes from the packaging industry, due to increases in consumer spending and online shopping, as well as demand for processed and packaged foods and beverages. In addition, increased use of water-based inks is promoting market growth, off-setting environmental and health concerns regarding solvent-based inks in addition to strict environmental protection policies. Water-based inks are projected to overtake solvent-based inks due to environmental regulations, the reduction of volatile organic compounds (VOCs) in the pressroom, and improvements in overall print quality. Ink formulations are complex mixtures, consisting of four basic component classes: pigments, polymeric binder resins, solvents or an aqueous dispersant media, and additives, such as surfactants, waxes, and rheology modifiers that enhance print quality. The purpose of the resin binder is to disperse and carry the ink pigment to the substrate, stabilize the pigment and additives dispersion to prevent settling, and provide print properties such as ink transfer behavior, setting, and drying characteristics. The binder also contributes surface appearance and gloss, strength and flexibility, chemical and solvent resistance, and also rub resistance. Ink binders can be categorized into the following polymer and resin types: acrylics, polyurethanes, polyamides, modified resins, hydrocarbon resins, and modified cellulosics.

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Chemical Management

Boom in petrochemicals demand guaranteed but we must grow sustainably

Article | June 3, 2021

ONE OF THE GREATEST achievements of the last 30 years has been the fall in the number of people living in extreme poverty.In 1999, 1.9bn of the world’s population were living on less than $1.90, the Word Bank’s definition of extreme poverty. Despite setbacks caused by the pandemic, this had fallen to 698m by October 2020. Income levels alone are not enough to escape the life-threatening agony of extreme poverty. There is no point in having money if the essential goods and services to spend your money on are not available. Critical to poverty alleviation has been sufficient supply of all the things that people in the rich world take for granted. The raw materials to make the vast majority of manufactured goods include petrochemicals and polymers. Nearly all the major manufacturing chains would not have been able to function without petrochemicals. Think of medical equipment, syringes, blood bags, hospital gowns, face masks, pill bottles and medicine blister packs. None of the above could have been produced without petrochemicals. As people emerged out of extreme poverty and as economies became wealthier, modern-day medical services became more widely available.

Read More
Chemical Management

Developing pre-rig solutions that are greener, safer and more efficient

Article | May 1, 2021

IN 2015, a global agreement was reached that 8m tonnes a year of plastic waste entering the oceans was unacceptable, according to this September 2020 article in The Conversation. This was the amount of plastic that was estimated to have ended up in the oceans in 2010. “Several international platforms emerged to address the crisis, including Our Ocean, the UN Sustainable Development Goals and the G7 Ocean Plastic Charter, among others,” continued the article. But in 2020, an estimated 24m-34m tonnes of plastic waste was forecast to enter our lakes, rivers and oceans. This could reach as much as 90m tonnes in 2030 if the current trajectory continued, said The Conversation. This is the type of information out there, free to view on the internet and accessible via a very quick Google search, representing a major challenges for our industry. I cannot of course verify the numbers. But they are out there. Also out there is a May 2019 article by the World Economic Forum (WEF), which provided a good summary of research into what experts believed was the scale of the waste problem in the developing world.

Read More
Chemical Management

Global polyolefins for the rest of 2021: supply to lengthen as demand muddle continues

Article | May 2, 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).

Read More
Chemical Management

Global polyethylene demand boom likely, increasing the sustainability challenge

Article | June 15, 2021

The market size for polymeric and resin binders in the global printing ink marketwas estimated to be over 1,200,000 MT in 2020, with a CAGR of about five percent. A major driver of this growth comes from the packaging industry, due to increases in consumer spending and online shopping, as well as demand for processed and packaged foods and beverages. In addition, increased use of water-based inks is promoting market growth, off-setting environmental and health concerns regarding solvent-based inks in addition to strict environmental protection policies. Water-based inks are projected to overtake solvent-based inks due to environmental regulations, the reduction of volatile organic compounds (VOCs) in the pressroom, and improvements in overall print quality. Ink formulations are complex mixtures, consisting of four basic component classes: pigments, polymeric binder resins, solvents or an aqueous dispersant media, and additives, such as surfactants, waxes, and rheology modifiers that enhance print quality. The purpose of the resin binder is to disperse and carry the ink pigment to the substrate, stabilize the pigment and additives dispersion to prevent settling, and provide print properties such as ink transfer behavior, setting, and drying characteristics. The binder also contributes surface appearance and gloss, strength and flexibility, chemical and solvent resistance, and also rub resistance. Ink binders can be categorized into the following polymer and resin types: acrylics, polyurethanes, polyamides, modified resins, hydrocarbon resins, and modified cellulosics.

Read More
Chemical Management

Boom in petrochemicals demand guaranteed but we must grow sustainably

Article | June 3, 2021

ONE OF THE GREATEST achievements of the last 30 years has been the fall in the number of people living in extreme poverty.In 1999, 1.9bn of the world’s population were living on less than $1.90, the Word Bank’s definition of extreme poverty. Despite setbacks caused by the pandemic, this had fallen to 698m by October 2020. Income levels alone are not enough to escape the life-threatening agony of extreme poverty. There is no point in having money if the essential goods and services to spend your money on are not available. Critical to poverty alleviation has been sufficient supply of all the things that people in the rich world take for granted. The raw materials to make the vast majority of manufactured goods include petrochemicals and polymers. Nearly all the major manufacturing chains would not have been able to function without petrochemicals. Think of medical equipment, syringes, blood bags, hospital gowns, face masks, pill bottles and medicine blister packs. None of the above could have been produced without petrochemicals. As people emerged out of extreme poverty and as economies became wealthier, modern-day medical services became more widely available.

Read More
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Spotlight

Hydrite

At Hydrite, we are family driven, financially strong and we are looking for problem-solvers to join our growing team. What employees say about Hydrite: •“The owners truly care about the employees and their families, despite significant growth. This type of environment is becoming more rare. I feel blessed to be part of the success of the organization.”• “Strong family values and great benefits.”• “Everyone cares about everyone else, from the lowest to highest positions in the company.”

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businesswire | September 26, 2023

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Vantage® Launches "Effortless Color" Formulation Collection for Multifunctional Color Cosmetic Essentials

prnewswire | September 14, 2023

Vantage has just introduced "Effortless Color," a collection of eight color cosmetic formulations building on consumer trends for multifunctional products. The latest installment in its 'Spark Inspiration' quick formulation program offers cosmetic chemists and formulators a starting point to accelerate their innovation pipeline as they create new product formulations. The eight "Effortless Color" formulations range from hybrid foundations to multi-use blushes and bold lip products. These prototypes marry the advanced technology from Vantage's premium ingredients with formulations expertise from the Company's in-house research & development team. Supported by market trends and industry knowledge, the resulting kit offers beauty manufacturers high-performing, on-trend product formulations which can be used as is or as a starting point for their creations. "Guided by market insights revealing that more than two thirds of American makeup users seek multi-functional products, we've meticulously curated formulations that honor the diverse spectrum of beauty through effortless, yet multifaceted essentials. This new collection is the latest of our Spark Inspiration series, that are aimed at accelerating our beauty customers' innovation pipeline," said Sebastien Massard, Global Director Strategic Marketing, Personal Care. The collection's hybrid foundations, multi-use blushes and bold lip formulations feature the Company's high-performing ingredients including actives like the BP TRILURONIC ACID A and the STRATAPHIX series; natural oils such as LIPOVOL® GTB and DW JOJOBA OIL; and natural silicone alternatives from the JEECHEM® NDA line. The formulations include Three versatile face products. Fresh Canvas Multi-Use Concealer can be used as a spot treatment to hide blemishes or as a full-coverage foundation. Tinted Zinc Shield is a lightweight tinted moisturizer that also includes an SPF-30. Hydrating Tinted Face Oil offers a buildable finish and can be applied on its own or worn as a primer before adding concealer or foundation. Blush Duo to bring a pop of color and help create a cohesive makeup look. Color Sculpt Trio is presented as a stick formula that glides on smoothly and quickly as it's applied. All-Over Glow Blusher can be used to brighten cheeks and eyes, acting as a two-in-one liquid blush. Three formulated lip products that each provide a different finish and benefit. The Hydrating Satin Lipstick is made with hydrating ingredients which offer a rich, creamy formulation. Dreamy Velvet Lip, a bold, matte liquid lipstick, leaves a smooth, lush finish. Plush Fruity Gloss provides a glassy shine leaving the lips feeling full and plump. About Vantage Personal Care Vantage Personal Care is one of the fastest growing and most reliable suppliers of personal care and beauty formulations and ingredients. An agile provider of forward-looking solutions that delight our customers through a responsible portfolio of naturally derived products, Vantage Personal Care focuses on skin, hair and sun care and color cosmetics. Vantage Personal Care serves its customers with formulation troubleshooting, new product development, and alternative sourcing solutions and on being the fastest developer of new product concepts in sensorial textures, skin health & delivery systems, and natural oils.

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Chemical Management

Danimer Scientific and Chevron Phillips Chemical Expand Collaboration to Include Application Development for Rinnovo™ Polymers

businesswire | September 21, 2023

Danimer Scientific, Inc. a leading next-generation bioplastics company focused on the development and production of biodegradable materials, today announced it is expanding its collaboration with Chevron Phillips Chemical (“CPChem”) to explore development and commercialization of cast extrusion films, blown extrusion films, injection molded parts and rotational molded parts using Rinnovo™ polymers produced in a loop slurry reactor process. Rinnovo™ is a type of polyhydroxyalkanoate (“PHA”) synthesized from lactones produced using Danimer’s proprietary Novo22™ catalyst technology, which can be used in the production of biodegradable alternatives to traditional plastics. The collaboration expands on Danimer and CPChem’s previously announced agreement, in which Danimer is evaluating the use of CPChem’s loop slurry reactor design to develop a continuous reactor system in the manufacturing process for Rinnovo™. Stephen E. Croskrey, chief executive officer of Danimer, said, “Our business relationship with CPChem continues to yield results, and we’re excited for the further opportunities that lie ahead. CPChem’s Research and Technology lab in Bartlesville, Oklahoma, is a premier facility staffed with world-class talent that we believe will accelerate the path toward adoption of Rinnovo™ materials in high-volume applications that will assist in lowering the cost to serve key markets.” Opened in 1950 by Phillips 66, CPChem’s Bartlesville facility contains first-class research equipment allowing for rapid testing of products across various processing conditions. Additionally, the facility’s testing and analytical capabilities provide a more rapid feedback loop, accelerating the development and optimization of resin formulations. “We continue to be excited about the potential of our MarTECH® process technology and related collaborations to advance Danimer’s Rinnovo™, another CPChem initiative that can help accelerate change for a more sustainable future,” said Venki Chandrashekar, CPChem vice president of research and technology. About Danimer Scientific Danimer is a pioneer in creating more sustainable, more natural ways to make plastic products. For more than a decade, its renewable and sustainable biopolymers have helped create plastic products that are biodegradable and compostable and return to nature instead of polluting our lands and waters. Danimer’s technology can be found in a vast array of plastic end products that people use every day. Applications for its biopolymers include additives, aqueous coatings, fibers, filaments, films and injection-molded articles, among others. Danimer holds more than 430 granted patents and pending patent applications in more than 20 countries for a range of manufacturing processes and biopolymer formulations.

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Chemical Management

Actylis Launches a New cGMP WFI Generation, Storage, and Distribution System with Additional ISO Class 7 Manufacturing Space

businesswire | September 26, 2023

Actylis, a leading global manufacturer of critical raw materials and performance ingredients for the life sciences and specialty chemicals markets, today announced the launch of Water for Injection (WFI) and additional ISO Class 7 manufacturing space at its Baie d’Urfé site in Montreal, Canada. Used for the preparation of media, buffers, and other aqueous solutions, Actylis’ WFI meets monographs for pharmacopoeias worldwide, and can be provided in both custom and standard packaging configurations. Gilles Cottier, CEO at Actylis, said: “Today we are delighted to announce the opening of this new WFI system at our Baie d’Urfé site. Investment in this new WFI generation, storage, and distribution system reflects our ongoing commitment to support our customers, and to continuously develop our range of products and services. The new system positions us to be a preferred outsource partner for our customers’ buffer solutions. We understand that capacity is often a pinch-point for our customers, and we are delighted to be able to propose this option to them.” Damien O’Rourke, SVP Manufacturing Operations at Actylis added: “Our new WFI system, redundant with our Limerick, Ireland WFI capabilities, incorporates the latest advancements in water purification technology, adhering to Good Manufacturing Practices (cGMP) that guarantees the production of WFI that meets or exceeds the most rigorous quality standards. In addition to the services this enables for our customers, the investment provides Actylis and our customers with a robust multi-site business continuity plan to ensure dependable supply.” Jean-Francois Raymond, Site Director, elaborated on some of the specifics of the system: “We are excited to have this new system here at Baie d’Urfé come on stream. The WFI system is fully qualified with all supporting validation documents, and is capable of generating and maintaining water as per required USP and PhEur/BP specifications of Water for Injection.” The new system’s strategic location in Montreal positions it as a pivotal hub for biopharmaceutical companies across North America and beyond. Its proximity to major transportation networks ensures timely distribution of WFI to manufacturers, enabling them to streamline their production processes and meet growing market demands. About Actylis Actylis is a leading global manufacturer and supplier of differentiated specialty ingredients to life sciences and specialty chemicals end markets. With business operations in ten countries, Actylis manufactures and supplies over 4,500 chemical compounds used principally by the pharmaceutical, biopharmaceutical, nutritional, agricultural and specialty chemical industries. Building on a series of strategic acquisitions, Actylis has integrated their manufacturing, R&D, quality, and sourcing capabilities to create a worldwide supplier of critical raw materials that includes a robust manufacturing footprint. Its global operations include a significant presence on the ground in North America, Europe, India, and China. Actylis is well positioned to innovate new solutions, ensure quality, and customize products to meet customers’ specific needs. Its expanded capabilities and decades of global sourcing expertise are especially valuable now that supply chain management is a critical strategic issue for companies worldwide.

Read More

Chemical Management

Vantage® Launches "Effortless Color" Formulation Collection for Multifunctional Color Cosmetic Essentials

prnewswire | September 14, 2023

Vantage has just introduced "Effortless Color," a collection of eight color cosmetic formulations building on consumer trends for multifunctional products. The latest installment in its 'Spark Inspiration' quick formulation program offers cosmetic chemists and formulators a starting point to accelerate their innovation pipeline as they create new product formulations. The eight "Effortless Color" formulations range from hybrid foundations to multi-use blushes and bold lip products. These prototypes marry the advanced technology from Vantage's premium ingredients with formulations expertise from the Company's in-house research & development team. Supported by market trends and industry knowledge, the resulting kit offers beauty manufacturers high-performing, on-trend product formulations which can be used as is or as a starting point for their creations. "Guided by market insights revealing that more than two thirds of American makeup users seek multi-functional products, we've meticulously curated formulations that honor the diverse spectrum of beauty through effortless, yet multifaceted essentials. This new collection is the latest of our Spark Inspiration series, that are aimed at accelerating our beauty customers' innovation pipeline," said Sebastien Massard, Global Director Strategic Marketing, Personal Care. The collection's hybrid foundations, multi-use blushes and bold lip formulations feature the Company's high-performing ingredients including actives like the BP TRILURONIC ACID A and the STRATAPHIX series; natural oils such as LIPOVOL® GTB and DW JOJOBA OIL; and natural silicone alternatives from the JEECHEM® NDA line. The formulations include Three versatile face products. Fresh Canvas Multi-Use Concealer can be used as a spot treatment to hide blemishes or as a full-coverage foundation. Tinted Zinc Shield is a lightweight tinted moisturizer that also includes an SPF-30. Hydrating Tinted Face Oil offers a buildable finish and can be applied on its own or worn as a primer before adding concealer or foundation. Blush Duo to bring a pop of color and help create a cohesive makeup look. Color Sculpt Trio is presented as a stick formula that glides on smoothly and quickly as it's applied. All-Over Glow Blusher can be used to brighten cheeks and eyes, acting as a two-in-one liquid blush. Three formulated lip products that each provide a different finish and benefit. The Hydrating Satin Lipstick is made with hydrating ingredients which offer a rich, creamy formulation. Dreamy Velvet Lip, a bold, matte liquid lipstick, leaves a smooth, lush finish. Plush Fruity Gloss provides a glassy shine leaving the lips feeling full and plump. About Vantage Personal Care Vantage Personal Care is one of the fastest growing and most reliable suppliers of personal care and beauty formulations and ingredients. An agile provider of forward-looking solutions that delight our customers through a responsible portfolio of naturally derived products, Vantage Personal Care focuses on skin, hair and sun care and color cosmetics. Vantage Personal Care serves its customers with formulation troubleshooting, new product development, and alternative sourcing solutions and on being the fastest developer of new product concepts in sensorial textures, skin health & delivery systems, and natural oils.

Read More

Chemical Management

Danimer Scientific and Chevron Phillips Chemical Expand Collaboration to Include Application Development for Rinnovo™ Polymers

businesswire | September 21, 2023

Danimer Scientific, Inc. a leading next-generation bioplastics company focused on the development and production of biodegradable materials, today announced it is expanding its collaboration with Chevron Phillips Chemical (“CPChem”) to explore development and commercialization of cast extrusion films, blown extrusion films, injection molded parts and rotational molded parts using Rinnovo™ polymers produced in a loop slurry reactor process. Rinnovo™ is a type of polyhydroxyalkanoate (“PHA”) synthesized from lactones produced using Danimer’s proprietary Novo22™ catalyst technology, which can be used in the production of biodegradable alternatives to traditional plastics. The collaboration expands on Danimer and CPChem’s previously announced agreement, in which Danimer is evaluating the use of CPChem’s loop slurry reactor design to develop a continuous reactor system in the manufacturing process for Rinnovo™. Stephen E. Croskrey, chief executive officer of Danimer, said, “Our business relationship with CPChem continues to yield results, and we’re excited for the further opportunities that lie ahead. CPChem’s Research and Technology lab in Bartlesville, Oklahoma, is a premier facility staffed with world-class talent that we believe will accelerate the path toward adoption of Rinnovo™ materials in high-volume applications that will assist in lowering the cost to serve key markets.” Opened in 1950 by Phillips 66, CPChem’s Bartlesville facility contains first-class research equipment allowing for rapid testing of products across various processing conditions. Additionally, the facility’s testing and analytical capabilities provide a more rapid feedback loop, accelerating the development and optimization of resin formulations. “We continue to be excited about the potential of our MarTECH® process technology and related collaborations to advance Danimer’s Rinnovo™, another CPChem initiative that can help accelerate change for a more sustainable future,” said Venki Chandrashekar, CPChem vice president of research and technology. About Danimer Scientific Danimer is a pioneer in creating more sustainable, more natural ways to make plastic products. For more than a decade, its renewable and sustainable biopolymers have helped create plastic products that are biodegradable and compostable and return to nature instead of polluting our lands and waters. Danimer’s technology can be found in a vast array of plastic end products that people use every day. Applications for its biopolymers include additives, aqueous coatings, fibers, filaments, films and injection-molded articles, among others. Danimer holds more than 430 granted patents and pending patent applications in more than 20 countries for a range of manufacturing processes and biopolymer formulations.

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