About 75% of industrial emissions are from refining and petrochemicals sector

The Straits Times | October 07, 2019

The Republic's vulnerability to rising sea levels and the need for coastal defences to buffer it against the impact of climate change have recently emerged on the national agenda. But in Parliament on Monday (Oct 7), Singapore's role in contributing to planet-warming emissions was also highlighted.
Singapore generated 52.5 million tonnes of greenhouse gases in 2017, said Dr Koh Poh Koon, Senior Minister of State for Trade and Industry. Of this, industries contribute about 60 per cent, Dr Koh said in response to a question raised by Nominated MP Anthea Ong. Ms Ong had wanted to know how much industries - in particular, the refinery and petrochemicals sector - were contributing to climate change, and what the Government was doing to urge industries to take responsibility for their contributions to the climate crisis. The majority of emissions from the industrial sector are from the combustion of fossil fuels by the refining and petrochemicals sector, with the latter contributing about three-quarters of industries' emissions, said Dr Koh.

Spotlight

Sulphides are inorganic compounds of sulphur containing sulphide ions. Sulphide ion forms variety of compounds. One famous example is the bright yellow species cadmium sulphide or cadmium yellow. Also the black tarnish on sterling silver is due to the formation of silver sulphide.

Spotlight

Sulphides are inorganic compounds of sulphur containing sulphide ions. Sulphide ion forms variety of compounds. One famous example is the bright yellow species cadmium sulphide or cadmium yellow. Also the black tarnish on sterling silver is due to the formation of silver sulphide.

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CHEMICAL MANAGEMENT

Over 200 global companies come together to stop 2 billion plastic bottles from entering the world's oceans

Plastic Bank | January 24, 2022

Over 200 global companies have stopped another billion plastic bottles from entering the world's oceans. This was achieved through Plastic Bank’s recycling ecosystems in just 8 months, and is 12 times faster than the first billion stopped. This 2-billion milestone is evidence of Plastic Bank’s commitment to stop ocean plastic and end poverty in the world's most vulnerable coastal communities, while revolutionizing the global circular economy for recycled plastics. Two billion plastic bottles is equivalent to more than 40 million kilograms of plastic that would have otherwise found its way into our oceans​​. In reaching this milestone, the social enterprise worked with more than 30,000 collectors across the Philippines, Indonesia, Brazil, and Egypt. Collectors in Plastic Bank’s ecosystems exchange plastic waste for bonuses that help improve household income and accessibility to basic family necessities such as groceries, cooking fuel, school tuition, health insurance and digital connectivity. "Plastic pollution and its impact on our oceans is one of the world's most significant challenges. The collection of two billion ocean-bound plastic bottles is a testament to the fact that each of us can be a hero in reducing plastic waste while improving the lives of people who collect it. Our Heroes – the collectors, branch owners, partners, contributors, and employees – are stewarding business, consumption, lives, and the planet towards regeneration." David Katz, Founder and CEO of Plastic Bank Founding partners SC Johnson and Henkel helped support the collection efforts by contributing to more than half of the two billion milestone. Over 200 global heroes, including CooperVision, METRO AG, ScanCom, HelloFresh, Carton Pack, Lombard Odier, Lillydoo, Advansa, Natreve, DM, Wella, P&G, Coca-Cola, Unwrapped Life, L’Oreal, Better Packaging, Alcon and Pernod Ricard helped enable the collection of ocean-bound plastic waste from beaches, riverbanks, and neighbourhoods, to reach the landmark amount. By integrating Social Plastic™ back into their manufacturing supply chain, Plastic Bank's partners support a regenerative circular economy. “There are ten trillion kilos of plastic still out there, with eight billion kilos being dumped into our oceans every year. You can either look away, assuming it’s someone else’s problem or become the change you seek. It takes heroes to stop ocean plastic and our planet desperately needs more of them,” says David Katz. “You need to understand the significance of every choice that solves the plastic problem and must be willing to make them – from what you buy or manufacture, to how you use, dispose and recycle plastic. It is time to gather together to stop ocean plastic and end poverty. It is time to transform our world into a better place.” Plastic Bank has more than 511 active collection branches across the Philippines, Indonesia, Brazil, and Egypt. With its sights on collecting the next billion plastic bottles, Plastic Bank plans to expand its presence in Southeast Asia and Central Africa. About Plastic Bank Plastic Bank® empowers the regenerative society. The organization helps the world stop ocean plastic while improving the lives of collector communities. Plastic Bank builds ethical recycling ecosystems in coastal communities and reprocesses the materials for reintroduction into the global manufacturing supply chain. Collectors receive bonuses for the materials they collect, which helps them provide basic family necessities such as groceries, cooking fuel, school tuition, and health insurance. Plastic Bank's Alchemy™ blockchain platform secures the entire transaction and provides real-time data visualization – allowing for transparency, traceability, and rapid scalability. The collected material is reborn as Social Plastic®, which can be easily reintegrated into products and packaging as part of a closed-loop supply chain.

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CHEMICAL TECHNOLOGY

PTT will Pay $4.75 Billion to Acquire a European Chemical Company

PTT | July 13, 2021

Thailand's PTT Global Chemical PCL will pay 4 billion euros (US$4.75 billion) to buy Allnex Holding GmbH, a European specialty chemicals producer, to expand its presence in high-value chemicals products. PTT Global stated in an exchange statement yesterday that it will buy all of Allnex Holding's common shares for 132.6 billion baht (US$4.1 billion) and assume 426 million euros in debts.According to the company, the acquisition would be financed with its cash and help from its parent company, PTT PCL. PTT Global shares fell as much as 7.3 percent to 54.25 baht in Bangkok trading, the worst intraday drop since June of last year. Thailand's largest business by market capitalization, PTT, gained 0.7 percent to 37.50 baht at 11:37 a.m. local time.PTT Global and its major domestic competitors, Indorama Ventures PCL and Siam Cement PCL, have increased foreign acquisitions and investments in recent years to grow their production of chemical ingredients used in plastic packaging, bottles, and other goods. According to Bloomberg statistics, PTT Global's acquisition of Allnex would be the largest foreign acquisition by a Thai company since Thai Beverage PCL's acquisition of Fraser & Neave Ltd in 2012. In search of higher profits, global refiners have made inroads into the plastic and specialty chemical industries. With car electrification increasing and oil demand growth slowing, more fuel producers in China and India are shifting their emphasis to petrochemicals rather than gasoline and diesel. According to the International Energy Agency, petrochemicals are expected to be the largest source of oil demand growth in the medium term, outweighing an increase in transport fuel use.According to a report, demand for raw materials used in the production of petrochemicals, such as ethane, liquefied petroleum gas, and naphtha, is projected to rise until 2026. PTT Global expects the transaction to be completed in December. According to a separate statement, the firm signed an agreement with PTT, the state-controlled energy giant, for up to 73.9 billion baht in loans to support its investment in high-value companies.

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SOCMA Urges USITC to Increase Collaboration with Trading Partners to Reduce Trade Barriers

SOCMA | October 08, 2020

The Society of Chemical Manufacturers & Affiliates (SOCMA) today testified before the U.S. International Trade Commission (ITC) on the Economic Impact of Trade Agreements Implemented Under Trade Authorities Procedures, 2021 Report. The testimony focused on encouraging ITC to adopt the Rules of Origin from the United States–Mexico–Canada Agreement (USMCA) in future free trade agreements (FTAs) and additional barriers to trade and growth of the specialty chemicals industry. "USMCA has drastically improved conditions for specialty chemical manufacturers and SOCMA members, who have found benefit from the modernized chemicals rules of origin," said Robert F. Helminiak, SOCMA's Vice President, Legal & Government Relations. "We encourage USITC to maintain these standards in future trade agreements."

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