Coronavirus affecting EMEA petrochemicals markets

S&P Global | April 07, 2020

Following are key facts about the unprecedented challenges and uncertainty faced by the European petrochemical industry due to the coronavirus pandemic and government restrictions on movement in an attempt to limit its spread. As supply-chain concerns in Europe continue to rise, market players will be faced with the prospect of cutting rates regardless of margins. Talks of end product production closures are expected to feedback into feedstock petrochemicals in the coming months. "Europe currently has the lowest cost of ethylene production in the world based on cracking naphtha feedstocks," senior manager for Petrochemical Analytics at S&P Global Platts, Rob Stier, said.
"However, these high margin are not expected to last much longer as buyers and sellers have to face reality in April and fix prices. Platts Analytics forecast much lower polymer prices starting in April as price transparency returns to the market after an illiquid and murky March."

Spotlight

Industrial Packaging has been manufacturing Bulk Packaging Solutions for 3 generations, we are more than just stockist, we are problem solvers. We partner with our customers to develop packaging solutions that protect their products throughout the supply chain.

Spotlight

Industrial Packaging has been manufacturing Bulk Packaging Solutions for 3 generations, we are more than just stockist, we are problem solvers. We partner with our customers to develop packaging solutions that protect their products throughout the supply chain.

Related News

CHEMICAL MANAGEMENT

Center for Sustainable Behavior & Impact to Drive Improvement in Recycling Behavior and Boost Confidence in U.S. Recycling

Milliken | August 08, 2022

The Recycling Partnership announced today that it has launched The Center for Sustainable Behavior & Impactcto drive measurable improvement in residential recycling behavior and mobilize household participation in the circular economy. Human behavior is at the heart of any successful recycling program. The Recycling Partnership is taking the lead in helping people to overcome barriers to participation, pairing behavioral science with programs aimed at growing access. "Engaging the public means first ensuring that all people have equitable access to recycling services. As we reached over 100 million American households, we saw first-hand that there is a critical missing piece. We have a responsibility to make it easy, even enjoyable, for all Americans to fully participate. We will do just that, working in collaboration with our expert launch advisors to create and rapidly share innovative, evidence-based solutions with practitioners and stakeholders working across the circular economy on recycling, reuse, and reduction.” Keefe Harrison, CEO of The Recycling Partnership Each year, 15 million tons of household recyclables are lost to landfills because Americans are confused and lack confidence when it comes to recycling. The loss of 15 million tons of recyclable material is equivalent to 63 million metric tons of carbon dioxide; capturing this material would yield more than 17,500 jobs and $834 million in landfill savings. “Solving this challenge requires an evidence-based approach,” said Louise Bruce, Managing Director for the Center for Sustainable Behavior & Impact. “By rigorously evaluating and disseminating our findings, we are making the Center the go-to hub for innovative, people- focused solutions that substantially improve recycling at every step of the consumer journey. With this, we hope to empower recycling leaders to optimize their programs, and advance circularity of the economy.” With founding support from the Walmart Foundation and Milliken & Company Charitable Foundation, The Recycling Partnership will leverage its network of community partnerships, comprehensive national database, deep expertise in recycling education, and established track record of improving underperforming recycling programs to propel positive change in recycling behavior. This change will be measured through both an increased capture of recyclable material and growth in household recycling participation. “People are at the heart of our sustainability strategy, so supporting the Center for Sustainable Behavior & Impact was the right fit,” said Milliken & Company President and CEO and Milliken & Company Charitable Foundation Board Chair, Halsey Cook. “The Center’s work to build consumer confidence and equitably overcome barriers to residential recycling will become a critical element of our strategy to solve the plastics end-of-life challenge.” “The Center is filling a gap in the flywheel of the circular economy, which includes circular design, infrastructure and behavior change,” said Julie Gehrki, Vice President & COO of The Walmart Foundation. “The Walmart Foundation is supporting the Center for Sustainable Behavior & Impact to identify key trends, attitudes, motivations, and barriers to circularity nationally, regionally, and locally. These insights will inform multiple tools to accelerate trust in and adoption of recycling, including a digital playbook that will be designed purposefully to improve community confidence in recycling and embed equity in circular initiatives.” While Americans overwhelmingly support recycling with 80% saying it has a positive impact, when it comes to actually putting recyclables in the bin, one obstacle is lack of confidence. Through its inaugural Recycling Confidence Index, The Center uses behavioral science to gauge consumer confidence in recycling programs and identify the drivers of these beliefs. Half of those surveyed believe that the items they recycle are made into new things, suggesting that there is room to boost recycling confidence, but only 7% said they believed recycled items rarely or never become something new. Significantly, the survey found that the highest levels of confidence exist among those who receive the full spectrum of recycling communications and support, including convenient bins, recycling knowledge and information, and motivational messages. Where there is strong communication, information and support, consumers are most likely to trust that recycling works and that their personal behaviors have a genuine impact. Click here to read more about the Recycling Confidence Index. The Center will initially focus on three areas: (i) deepening understanding of consumer barriers and sentiments toward recycling, (ii) scientifically testing different types of solutions to determine the most effective and scalable tactics that improve recycling behavior with different populations in the US., and (iii) creating a playbook and accompanying online tool to make best practices and key insights available to national, state, and local recycling leaders. To support its initial phase The Center is working with six Launch Advisors; experts and practitioners in the fields of environmental research, behavioral science, community recycling program management and sustainability marketing to ensure that its research practices meet the highest scientific standards, while rooted in the everyday challenges of local communities. The Launch Advisors are Bridget Anderson, Deputy Commissioner of Recycling and Sustainability, NYC Department of Sanitation Jason Hale, Director of Operations, Ocean Plastics Asia, Systemiq Steve Raabe, Founder and President, OpinionWorks Suzanne Shelton, Founder, President, & CEO, Shelton Group Joseph Sherlock, Applied Behavioral Researcher, the Center for Advanced Hindsight at Duke University Cynthia Shih, Senior Advisor, Delterra “The vast majority of Americans want to do the right thing and keep their waste out of landfills. Why, then, are diversion rates so low in some areas? We have real work to do to change this, and I’m proud to be part of the effort to solve this problem, before it’s too late,” said Bridget Anderson, Deputy Commissioner of Recycling and Sustainability, NYC Department of Sanitation. About The Recycling Partnership At The Recycling Partnership, we are solving for circularity. We mobilize people, data, and solutions across the value chain to unlock the environmental and economic benefits of recycling and a circular economy. We work on the ground with thousands of communities to transform underperforming recycling programs; we partner with companies to achieve packaging circularity, increase access to recycled materials, and meet sustainability commitments; and we work with government to develop policy solutions to address the systemic needs of our residential recycling system and advance a circular economy. We foster public-private partnerships and drive positive change at every step of the recycling and circularity process. About Milliken Milliken & Company is a global manufacturing leader whose focus on materials science delivers tomorrow’s breakthroughs today. From industry-leading molecules to sustainable innovations, Milliken creates products that enhance people’s lives and deliver solutions for its customers and communities. Drawing on thousands of patents and a portfolio with applications across the textile, flooring, chemical and healthcare businesses, the company harnesses a shared sense of integrity and excellence to positively impact the world for generations. Discover more about Milliken’s curious minds and inspired solutions at milliken.

Read More

CHEMICAL MANAGEMENT

Kinder Morgan Acquires North American Natural Resources

Kinder Morgan, Inc. | August 12, 2022

Kinder Morgan, Inc. announced it has closed on the acquisition of North American Natural Resources, Inc. (NANR) and its sister companies, North American Biofuels, LLC and North American-Central, LLC. The $135 million acquisition in combined purchase price and related transaction costs includes seven landfill gas-to-power facilities in Michigan and Kentucky. Shortly following close, KMI will make a final investment decision (FID) on the conversion of up to four of the seven gas-to-power facilities to renewable natural gas (RNG) facilities with a capital spend of approximately $175 million. Pending FID, these facilities are expected to be in service by early 2024. Once complete, the facilities are expected to generate approximately 2 billion cubic feet (Bcf) per year of RNG. This acquisition and the additional investments discussed above, combined with the recent Kinetrex Energy and Mas CanAm acquisitions, will enhance the company’s vertically integrated platform that delivers differentiated solutions across the RNG value chain. The combined RNG operations will provide KMI with annual RNG generation capacity of approximately 7.7 Bcf per year once all of the RNG facilities are in service. The remaining three NANR assets, projected to produce 4.8 megawatt-hours in 2023, will further diversify KMI’s renewable portfolio by adding electricity generation to its landfill gas-to-power operations. “We are excited to continue KMI’s commitment to growing our RNG business through the acquisition of NANR’s facilities and expertise. We believe this further positions us as a leader in the RNG marketplace and look forward to expanding our RNG footprint to benefit the customers, businesses and communities we serve.” Energy Transition Ventures President Anthony Ashley “We are proud of the business NANR’s employees have built over the past 43 years,” said NANR President Bob Evans. “With the evolution of energy markets, we are excited to join the KMI family as the world transitions to a cleaner energy future.” KMI expects the investment to be accretive to its shareholders as the four converted RNG facilities become operational over the next 18 months, with the purchase price and additional development capital expenditures representing less than six times the expected 2024 EBITDA. KMI’s August investor presentation as revised to include the NANR acquisition has been posted to the Investor Relations page of KMI’s website. About Kinder Morgan, Inc. Kinder Morgan, Inc. is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient and environmentally responsible manner for the benefit of the people, communities and businesses we serve. We own an interest in or operate approximately 83,000 miles of pipelines, 141 terminals, and 700 billion cubic feet of working natural gas storage capacity. Our pipelines transport natural gas, refined petroleum products, renewable fuels, crude oil, condensate, CO2 and other products, and our terminals store and handle various commodities including gasoline, diesel fuel, renewable fuel feedstocks, chemicals, ethanol, metals and petroleum coke.

Read More

CHEMICAL MANAGEMENT

Green Science Alliance Developed 100 % Biomass Mark Acquired Water Based Coating Material

Green Science Alliance Co., Ltd | June 01, 2022

Environmental problems caused by population explosion such as global warming, natural resource depletion, water shortage and plastic pollution are getting severe in the world. Regarding plastic pollution issue, micro-plastics, nano-plastics are already in our human body. Therefore, plastic recycling, reduction of plastic usage itself, and biodegradable plastic application and development, are intensively carrying out. One of the reason for global warming is said to be carbon dioxide (CO2). Compared to petroleum derived chemical products, nature biomass derived chemical products can be considered as carbon neutral because plant absorbs CO2 during their growth and total CO2 emission will be 0 after they degrade after usage. Therefore, developing biomass derived chemical products is one way to reduce CO2 consumption in order to suppress global warming. The vision of Green Science Alliance is to offer actual cutting edge technology for sustainable, carbon neutral society. More precisely, those technologies are next generation rechargeable battery, fuel cell, CO2 photo conversion to chemical energy. Some of Green Science Alliance technologies are registered by the United Nation Organization and they were also selected as startup company supported by incubation programme of UNOPS GIC Japan in 2020. Green Science Alliance is also trying to replace all the petrochemical derived chemical products with nature biomass derived one. Those are 100 % nature biomass biodegradable plastic, biomass resin, biomass coating, biomass color ink etc. This time, Dr. Ryohei Mori at Green Science Alliance has developed 100 % biomass mark acquired water based coating material. When this material dries up after coating on the substrate, whole composition will be 100 % nature biomass, no petroleum. There is a trend to use more water based chemical products than using organic solvent one because some organic solvent can be harmful to the environment. Because this material is not only water base but also composed of 100 % nature biomass composition, it can be regarded as extremely environmentally friendly products.

Read More