Sinopec's E-commerce Platform Epec.com Closes Deals Totaling Nearly USD 40 Billion

Sinopec | November 06, 2020

Sinopec's E-commerce Platform Epec.com Closes Deals Totaling Nearly USD 40 Billion
Epec.com, a professional SC2B e-commerce platform for industrial products launched by China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") in 2017, has listed a total of 1,565 online vendors and more than 14,000 product items since it went online three years ago, achieving an accumulated transaction volume of over USD 39 billion. Epec.com is an e-commerce platform facilitating SC2B (supply chain to businesses) transactions of industrial products, serving Sinopec as well as providing procurement, sales, financial and general services for global enterprises.

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CHEMICAL MANAGEMENT

ExxonMobil Expands Interest in Biofuels, Acquires Stake in Biojet AS

ExxonMobil | January 12, 2022

ExxonMobil is expanding its interests in biofuels that can help reduce greenhouse gas emissions in the transportation sector, acquiring a 49.9% stake in Biojet AS, a Norwegian biofuels company that plans to convert forestry and wood-based construction waste into lower-emissions biofuels and biofuel components. Biojet AS plans to develop up to five facilities to produce the biofuels and biofuel components. The company anticipates commercial production to begin in 2025 at a manufacturing plant to be built in Follum, Norway. The agreement enables ExxonMobil to purchase as much as 3 million barrels of the products per year, based on the potential capacity of five facilities. “The agreement with Biojet AS advances ExxonMobil’s efforts to provide lower-emissions products for the transportation sector. Using our access at the Slagen terminal, we can efficiently distribute biofuels in Norway and to countries throughout northwest Europe.” Ian Carr, president of ExxonMobil Fuels and Lubricants Company Biofuels and biofuel components can meet the requirements for advanced fuels under Norwegian, European Union and United Kingdom regulations. According to the European Union Renewable Energy Directive, biofuels produced from wood waste can help reduce life-cycle greenhouse gas emissions by 85% compared to petroleum-based diesel. When produced, Biojet AS’s biofuels can be used for passenger vehicles and heavy trucks. Additional opportunities for marine transportation and aviation may develop as the market for lower-emissions biofuels expands. The investment in Biojet AS builds on ExxonMobil’s continuing efforts to develop and deploy lower-emission energy solutions. ExxonMobil established a Low Carbon Solutions business in 2021 and is currently evaluating biofuels, carbon capture and storage, and hydrogen projects around the world. ExxonMobil’s majority-owned affiliate, Imperial Oil Ltd., is moving forward with plans to produce renewable diesel at a new complex at its Strathcona refinery, and ExxonMobil expanded its agreement to annually purchase up to 5 million barrels of renewable diesel from Global Clean Energy’s biorefinery in California. Chemically similar to petroleum-based diesel, renewable diesel and other biofuels can be readily blended for use in engines on the market today. Since 2000, ExxonMobil has invested more than $10 billion to research, develop and deploy lower-emission energy solutions. About ExxonMobil ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world.

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MARKET OUTLOOK

New start: Ceresana study on the market for coatings in the automotive industry

Ceresana | March 30, 2021

Automotive coatings do not just look good, they also protect the surface of vehicles against scratches, UV light, rust, fuel splashes, and other hazards. The automotive industry is one of the biggest consumers of coatings. The market research institute Ceresana has examined how the global market for automotive paints and coatings is recovering from the Corona crisis. Despite a massive decline, around 3.4 million tonnes of these high-performance coatings were consumed around the world in 2020. This latest study covers the coating of all components that are manufactured by suppliers or vehicle manufacturers and installed in road vehicles. It examines the use in passenger cars and commercial vehicles (trucks, vans, buses) - both in new construction and for spare parts. Number of Car Registrations is Increasing Again The global sales of new cars had already reached its peak in 2017 with more than 70 million units. Since then, i. a. the declining momentum in the emerging markets, especially the BRIC countries, has led to a drop in passenger car sales. The spread of Covid-19 caused a dramatic decline in the last year, with the number of new registrations decreasing by around 15% worldwide. However, a large part of the decline occurred in the first half of 2020. A recovery started already in the second half of the year, albeit to varying degrees depending on the country. More Refinish Coatings, Fewer OEM Coatings The financial losses suffered by many households as a result of the crisis will probably continue to have an effect for several years and will influence consumer behavior: Used cars gain in importance wherever new cars are unaffordable. Ceresana has conducted a detailed analysis of the demand for individual coating layers, areas of application, technologies, and product types. The market researchers expect coatings in the refinish segment to gain several percentage points of market share over OEM coatings in the course of 2021 or 2022. The slight time lag is due to the fact that the number of driven kilometers - and thus the demand for refinish coatings - is only gradually increasing again. Large Quantities of Basecoats High demands are placed on the quality and properties of automotive coatings. Full, partial, and individual part coatings are applied in the event of damage, for used cars, and for special new car coatings at the factory or dealership. The coating process can be divided into the following steps: cathodic dip coating, underbody protection and application of primer surfacer, basecoat, and clearcoat. Primer surfacers are used to even out surface irregularities and improve the adhesion of subsequent layers. The most important paint layer in terms of quantity is the basecoat, followed by the electrodeposition coating. The basecoat is a coloring layer and largely determines the appearance of the overall paint finish. Electrodeposition coating is primarily used to protect vehicle bodies from corrosion. The analysts at Ceresana expect the market for basecoats to reach a level of around 1.4 million tonnes in 2030. The Study in Brief: Chapter 1 provides an overview of the global market for coatings in the automotive industry - including forecasts up to 2030. Demand and revenues are presented for the regions Western and Eastern Europe, North America, South America, Asia-Pacific, the Middle East, and Africa. Chapter 2 provides market data for the 16 most important countries, i.e. including country-specific demand and revenues. Demand is analyzed in detail for different coating layers (electrodeposition coating, primer surfacer, basecoat, clearcoat), application areas (OEM coatings, refinish coatings), technologies (solvent-borne, water-borne, others) and product types (epoxy, polyurethanes/PUR, acrylic, others). Chapter 3 provides company profiles of the most important manufacturers of coatings for the automotive industry, clearly arranged according to contact information, sales, profit, product range, production sites, and profile summary. Detailed profiles are provided for 56 manufacturers. Further information: www.ceresana.com/en/market-studies/industry/automotive-coatings/ About Ceresana As one of the world's leading market research institutes, Ceresana is specialized in the segments chemicals, plastics, packaging, and industrial goods with a focus on transportation / mobility. Companies have been benefiting from our high-quality industry analyses and forecasts since 2002. More than 200 market studies provide more than 10,000 customers around the world with the knowledge base for their sustainable success. Find more information about Ceresana at www.ceresana.com Ceresana Mainaustrasse 34 78464 Konstanz Germany Press contact: Martin Ebner, m.ebner@ceresana.com

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CHEMICAL TECHNOLOGY

Eastman to invest up to $1 billion to accelerate circular economy through building world's largest molecular plastics recycling facility in France

Eastman | January 17, 2022

This morning, French President Emmanuel Macron and Eastman Board Chair and CEO Mark Costa will jointly announce Eastman's plan to invest up to $1 billion in a material-to-material molecular recycling facility in France. This facility would use Eastman's polyester renewal technology to recycle up to 160,000 metric tonnes annually of hard-to-recycle plastic waste that is currently being incinerated. The investment would recycle enough plastic waste annually to fill Stade de France national football stadium 2.5 times, while also creating virgin-quality material with a significantly lower carbon footprint. Eastman is the largest investor at this year's "Choose France" event, which is focused on attracting foreign investment to France. This multi-phase project includes units that would prepare mixed plastic waste for processing, a methanolysis unit to depolymerize the waste, and polymer lines to create a variety of first-quality materials for specialty, packaging, and textile applications. Eastman also plans to establish an innovation center for molecular recycling that would enable France to sustain a leadership role in the circular economy. This innovation center would advance alternative recycling methods and applications to curb plastic waste incineration and leave fossil feedstock in the ground. The plant and innovation center would be expected to be operational by 2025, creating employment for approximately 350 people and leading to an additional 1,500 indirect jobs in recycling, energy and infrastructure. A circular economy is key to addressing the global plastic waste crisis and the climate crisis, which have both been at the center of attention in France and throughout Europe. This long-term partnership between France and Eastman will contribute to the EU achieving its sustainability goals, by reducing carbon emissions and enabling a circular economy. France has demonstrated tremendous leadership by recognizing the vital role of molecular recycling and supporting investments in innovation. Eastman's project has also garnered support from an impressive roster of global brands who share its commitment to solving the world's plastic waste problem and view molecular recycling as a pivotal tool for achieving circularity. LVMH Beauty, The Estée Lauder Companies, Clarins, Procter & Gamble, L'Oréal and Danone are leading the way by signing letters of intent for multiyear supply agreements from this facility. Eastman's proven polyester renewal technology provides true circularity for hard-to-recycle plastic waste that remains in a linear economy today. This material is typically incinerated because it either cannot be mechanically recycled or must be downcycled with existing technology. This hard-to-recycle waste is broken down into its molecular building blocks and then reassembled to become first-quality material without any compromise in performance. Eastman's polyester renewal technology enables the potentially infinite value of materials by keeping them in production, lifecycle after lifecycle. With the technology's inherent efficiencies and the renewable energy sources available in France, materials can be produced with greenhouse gas emissions up to 80% less than traditional methods. "Accelerating the transition to a circular economy is one of the main challenges in the years to come. Eastman's substantial investment in France demonstrates our country's willingness to embrace innovative technologies that will help us achieve our ecological and economic ambitions, by revolutionizing our country's plastics recycling capacities. France has always been at the forefront of this journey, and together with Eastman, is giving itself the means to achieve its ambitious plastics recycling targets set for 2025. We are very excited to welcome a company that has a 100-year history of innovation at a global scale and more than 30 years of molecular recycling experience." Barbara Pompili, French Minister for Ecological Transition Agnès Pannier-Runacher, French Delegate Minister for Industry stated, "Eastman's world-scale project will allow France to position itself as a European leader in new technologies for recycling and recovering plastic waste. This investment is the result of the ambitious approach to industrial reconquest led by the Government since 2017, which has enabled France to become the most attractive country in Europe from 2018 onward for industrial projects. With this project, which is an important step for our sovereignty, we are giving ourselves the means to achieve our ambitions in terms of ecological transition while creating sustainable jobs in manufacturing, infrastructure and energy. We look forward to developing this relationship with Eastman." "The investment in France is a significant step forward in Eastman's strategy to accelerate a circular economy globally. Eastman is proud to partner with the French government to actively contribute to France's and the EU's bold commitments," Costa said. "France has demonstrated their commitment toward a sustainable future and Eastman has set similar, ambitious carbon and circular economy goals. The announcement today has been made possible thanks to the support of President Macron, the French government and its agency Business France, who have worked with impressive urgency to enable and incentivize this large and complex project. We look forward to working together for the long term and offer necessary innovations to recycle plastic waste and protect our planet for future generations. "The plan to build the world's largest plastics recycling facility in France is an important part of our overall circular economy strategy," Costa added. "Today's announcement is a key milestone towards our commitment, and we expect to achieve additional milestones in the coming months, including agreements related to securing the plastic waste that will be raw material supply, securing government incentives, and the site location decision." About Eastman Founded in 1920, Eastman is a global specialty materials company that produces a broad range of products found in items people use every day. With the purpose of enhancing the quality of life in a material way, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability.

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MARKET OUTLOOK

Connecting Old and New: Ceresana Examines the European Market for Adhesives

Ceresana | March 29, 2021

Future mobility will depend on innovative joining technology. Even today, a new car contains around 18 kg of adhesives - from heat-dissipating protective layers for battery cells to lightweight chassis and crash-proof windows. Where screws, rivets, or welds were used in the past, the automotive industry is now increasingly using adhesives. Ceresana has now examined the European market for adhesives for the fourth time: In 2019, a total of around 3.51 million tonnes were utilized. The market researchers expect sales generated with adhesives across Europe to grow by 0.5 % per year until 2027. Combining Established and Innovative Materials This latest study by Ceresana not only examines the growing use of adhesives in the automotive industry, where aluminum and fiber-reinforced plastics have to be joined with steel in a strain-free manner. An astonishing amount of paper is still needed in spite of digitalization and an increasing number of plastics: The most significant sales market for adhesives in 2019 was the segment paper and packaging with around 29% of total European usage. The construction industry came in second by a slight margin. Other major application areas for adhesives are wood processing, shoes and leather, as well as other consumer goods. Plastics with Special Properties Vinyl adhesives, which offer a particularly broad range of applications, constituted the most important product type in 2019. Adhesives based on polyvinyl acetate (PVAC) are also among the most important grades. Polyvinyl acetate is additionally used to produce polyvinyl alcohol (PVA), which is likewise used as an adhesive, e.g. for porous materials such as paper, cardboard, wood, cork, or leather. The primary consumers of vinyl adhesives are the paper, packaging, wood products, and construction industries, which use mainly water-based products and hotmelt adhesives. Looking for Alternatives to Solvents Physically setting adhesives in particular contain between 30 and 60 percent (by weight) of organic solvents, which evaporate from glued surfaces and from open tubes or bottles. Aromatic hydrocarbons are considered to be not only a fire hazard but also a health risk: Their vapors, such as those of xylene or toluene, can be addictive and are suspected of being carcinogenic and mutagenic. Alternatives that are less harmful to health and the environment are therefore increasingly sought after. In Europe, water-based adhesives already accounted for over 50% of total consumption in 2019. However, if an adhesive contains only water as a solvent, then preservatives must be added to it, which can in turn be problematic for people suffering from allergies. This study by Ceresana provides a breakdown of the adhesives market by technologies: water-based adhesives, hotmelt adhesives, solvent-based adhesives, reactive adhesives, and other products. The Study in Brief: Chapter 1 provides an overview and analysis of the European market for adhesives - including forecasts up to 2027: the development of sales, demand per application, trade, and production is presented for each country. The 8 largest countries are additionally analyzed with regard to adhesive technologies (water-based adhesives, hotmelt adhesives, solvent-based adhesives, reactive adhesives, other technologies) and adhesive types. Chapter 2 analyzes the various applications of adhesives in depth: Data and influential factors on their use in the segments paper and packaging, construction, wood processing, transportation, shoes and leather, consumer goods, and other applications. Additionally the chapter looks at the demand for individual adhesive types: vinyl, acrylic, polyurethane (PUR), elastomers, epoxy, and other adhesives. Chapter 3 presents a useful manufacturer's directory with the 82 most important adhesive producers, clearly arranged according to contact information, sales, profit, product range, production sites, profile summary, and specific information on adhesives. Further information: www.ceresana.com/en/market-studies/industry/adhesives-europe/ About Ceresana As one of the world's leading market research institutes, Ceresana is specialized in the segments chemicals, plastics, packaging, and industrial goods with a focus on transportation / mobility. Companies have been benefiting from our high-quality industry analyses and forecasts since 2002. More than 200 market studies provide more than 10,000 customers around the world with the knowledge base for their sustainable success. Find more information about Ceresana at www.ceresana.com Ceresana Mainaustrasse 34 78464 Konstanz Germany Press contact: Martin Ebner, m.ebner@ceresana.com

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They're banned in other countries but not the US. ... of the top 13 problematic products that are forbidden by governments, outside the U.S., due to ... “Today most artificial colors are made from coal tar, which is also used to seal-coat ... whiten, the American food processors prefer to use this chemical to bleach the flour ASAP.

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