Sinopec | November 24, 2021
China Petroleum & Chemical Corporation has successfully tested its key project, "Technological Development and Industrial Application of Light Crude Oil Cracking into Ethylene," this month at Sinopec Tianjin.
The technology converts crude oil directly into ethylene, propylene and other chemical products and realizes the first industrial application of crude oil steam-cracking technology in China. The milestone is of great significance to the transformation and upgrading of China's petrochemical industry, also contributing to achieve "dual carbon" goals.
The crude oil steam-cracking technology is one of the "crude-to-chemicals" solutions which "skips" the traditional crude oil refining process to directly convert crude oil into valuable chemical products like ethylene and propylene – analogous to making bread directly with wheat and eliminating the flour grinding process. This approach will greatly shorten the production process, lower production costs and significantly reduce energy consumption and carbon emissions.
The technology was developed and engineered by Sinopec's Beijing Research Institute of Chemical Industry and Sinopec Engineering Group (SEG) and the industrial testing was carried out at Sinopec Tianjin. It has applied for 45 Chinese patents for invention and one international patent for invention. At present, ExxonMobil and Sinopec are the only two companies to successfully achieve industrial application of crude oil steam-cracking technology worldwide. It's estimated that for every 1 million tons of crude oil processed by this technology, nearly 500,000 tons of chemical products can be produced, 400,000 tons of which are high-value products such as ethylene, propylene, light aromatics and hydrogen. Overall, Sinopec's technology has reached an internationally-advanced level and presents huge economic value and potential.
A basic raw material of chemical products, ethylene is coined the "mother of the petrochemical industry," and is one of the key benchmarks to measure the development level of a country's petrochemical industry. As people's living standards continues to improve, the global demand for chemical products is also growing, and as basic raw materials, the demand for ethylene and propylene has also increased accordingly. In general, the raw materials needed for producing ethylene and propylene must go through the crude oil refining process at the refineries, the production process of which is not only longer, but also only 30 percent of the crude oil is used to produce the chemical raw materials.
Sinopec has always emphasized the R&D and application of "crude-to-chemicals" technologies. In April 2021, the catalytic cracking technology of crude oil independently developed by Sinopec's Beijing Research Institute of Chemical Industry, another "crude-to-chemicals" solution, also completed industrial application in Yangzhou, which has made China a leader in catalytic cracking of crude oil globally.
Similar to the crude oil steam-cracking technology, the chemical yield of catalytic cracking is also about 50 percent, and combining the two technologies is expected to increase the total amount of chemicals produced by crude oil to more than 70 percent, which will become an economically efficient solution for "crude-to-chemicals" conversion in the future.
Sinopec is preparing to carry out the development and engineering design of packaged technology for the production of ethylene by steam-cracking 1 million tons of crude oil at its Tahe company in Xinjiang Uygur Autonomous Region, building an industrial demonstration plant for the direct production of chemicals from crude oil and establishing a new model for the transformation and development of China's petrochemical industry.
For the large-scale ethylene project planned for the future, the crude oil steam-cracking technology will be included in the key technology comparison and selection scheme, which will provide strong support to relieve the contradiction between supply and demand as well as aiding the enterprises' transformation and upgrading, making greater contributions to achieving 'dual carbon' goals.
IPACKCHEM | November 10, 2021
IPACKCHEM Group (“IPACKCHEM”) announced it has signed a definitive agreement to partner with Mullackal Polymers Private Limited (“Mullackal”), a leading crop protection packaging provider in India, via an acquisition of the business.
Founded in 1987 by JP Morvan, IPACKCHEM is a leading global supplier of innovative and specialized barrier packaging solutions serving the crop protection and specialty chemicals end markets. IPACKCHEM’s leading market positions are further underscored by its strong sustainability orientation and 100% recyclable plastic barrier packaging. It currently has facilities across Europe, the UK, Russia, China, Brazil and South Africa.
With three facilities in Western India, Mullackal is a manufacturer of premium HDPE and barrier plastic containers, caps and measuring cups for India’s crop protection and specialty chemical industry. Founded in 1976 by P.K.N. Pillai, Mullackal pioneered plastic barrier manufacturing technology in India and today serves the largest multinational crop protection players with a presence in India. The partnership with Mullackal will allow IPACKCHEM to establish a strong presence in India’s large and high-growth market and position it for future expansion in the country.
“We are extremely excited to partner with Ramesh and Karthik Pillai, who have built a high-quality and innovative business, and we look forward to accelerating Mullackal’s growth under IPACKCHEM ownership. By leveraging IPACKCHEM’s sustainable barrier technology, Mullackal will be uniquely positioned to provide high-quality recyclable packaging for customers in India. Similarly, we expect to leverage Mullackal’s proprietary caps technology (CRTESS) across IPACKCHEM’s existing product portfolio. This transaction is core to our strategy of being the leading global barrier packaging player serving crop protection and specialty chemicals customers. We will continue to aggressively pursue acquisitions in new geographies, including North America, to fully mirror our clients’ global footprint.”
JP Morvan, CEO of IPACKCHEM
Mullackal owner and Managing Director Ramesh Pillai said, “IPACKCHEM is the perfect partner for Mullackal and we are excited to continue providing best-in-class packaging to India’s leading crop protection players with the added benefit of IPACKCHEM’s resources and industry relationships. Karthik and I will continue to lead Mullackal and look forward to working with JP and his team to bring their innovative solutions to the Indian market and grow our presence in India.”
In partnership with SK Capital Partners, IPACKCHEM is continuing its international expansion to better support its multinational customers globally, leveraging its unique industrial know-how and strong commitment to sustainability. SK Capital, which acquired IPACKCHEM earlier this year, is a private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors with more than $5 billion of assets under management and a global portfolio of businesses generating approximately $11 billion of revenues annually.
The transaction is expected to close towards the end of 2021. KPMG acted as exclusive M&A advisor and CK Juris and Pioneer Legal acted as legal counsel to IPACKCHEM. EY acted as exclusive M&A advisor and Lumiere Law Partners acted as legal counsel to Mullackal.
Headquartered in Paris, France, IPACKCHEM is a leading global manufacturer of innovative plastic packaging products (containers, bottles, jerrycans) for the crop protection and specialty chemicals end markets. The Company’s UN-approved packaging solutions enable users to safely transport and distribute “hard-to-hold” and hazardous chemicals, while adhering to stringent regulations. IPACKCHEM currently operates through 8 production facilities, employs ~850 people and serves ~1,200 customers in 35 countries. IPACKCHEM carries an Ecovadis Gold rating.
Hydro Systems | October 20, 2020
Hydro Systems, part of PSG and Dover, today announced its new family of RiteFlex™ portable dispensing products. The patent-pending product range features the RiteFlex Handheld Dispenser available in single and dual flow, and the RiteFlex Foamer/Sprayer. "Handheld dispensers offer numerous benefits, including versatility and the convenience of being ready to use without installation, training or additional equipment," said Matt Hayas, Global Product Manager, Hydro Systems. "Our RiteFlex products are the perfect solution for end-users who don't want the investment of a wall-mounted dispenser or for chemical suppliers who want to provide customers with convenience similar to ready-to-use products."