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Everchem Updates
VOLUME XXI
September 14, 2023
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Sadara Chemical completes construction works for distribution station at Plaschem complexVisits : 13
- 2021/09/02
- No Comments
- 13
- مباشر
Sadara Chemical Company has completed the construction of the ethylene oxide (EO) and propylene oxide (PO) pipelines project and the distribution station that will supply the raw materials of ethylene oxide and propylene oxide to investors in the industrial park.
http://cementksa.com/en
Sadara Chemical completes construction works for distribution station at Plaschem complexVisits : 13
- 2021/09/02
- No Comments
- 13
- مباشر
Sadara Chemical Company has completed the construction of the ethylene oxide (EO) and propylene oxide (PO) pipelines project and the distribution station that will supply the raw materials of ethylene oxide and propylene oxide to investors in the industrial park.
http://cementksa.com/en
September 2, 2021
Mideast petrochemical demand may improve; shipping woes remain
Author: Felicia Loo
2021/09/02
SINGAPORE (ICIS)–Petrochemical demand in Middle East may see some improvement, shored up by post-summer restocking, although concerns remain about high freight costs and difficulties in securing empty containers and vessel space.
September is the archetypal month when peak demand kicks off for some products.
For base oils, market sentiment remains on a largely even keel, with any improvement in year-end demand tied to economic recovery.
Steady Iran Group I supply will be expected over the coming weeks, with mild improvement likely for Group II Asian bulk supply to the UAE.
While there are minimal known turnarounds so far among base oils producers in the Middle East throughout the second half of the year, spot supply for Group I and Group II are improving, albeit slowly.
There are concerns that slow automotive sales around the world could further dampen demand for downstream finished lubricants.
For polyethylene (PE), demand in the Gulf Cooperation Council (GCC) is likely to remain stable from August, with players looking forward to restocking for a seasonal Q4 demand uptick.
The GCC is home to several processors which export finished goods to Europe and Africa, and they are expect a steady flow of enquiries from buyers ahead of the year-end holiday season.
Regional players are also awaiting clarity on any impact on cargo availability following power supply issues at key PE facilities in Saudi Arabia earlier this month.
For general purpose polystyrene (GPPS), prices in the GCC market were stable as high freight costs are offset by lower cost of feedstock styrene monomer (SM).
Concerning toluene diisocyanate (TDI), regional buyers have procured volumes for delivery in September – the start of peak demand season for downstream foam markets.
Sellers are worried over worsening freight issues such as a shortage in empty containers, uncertainties in the cargo loading date and possible delays.
Regarding polymeric methylene diphenyl diisocyanate (PMDI), expectations are that demand should pick up over the next few months, on increased construction activity after the summer.
For polyols, activity has been subdued, with buyers maintaining a wait-and-watch stance on the market due to the volatility of feedstock propylene oxide (PO).
Buyers are not in a hurry to procure volumes and are waiting for PO prices to stabilise.
High freight costs and difficulties in securing empty containers and vessel space are also issues affecting the polyols market.
Focus article by Felicia Loo
September 2, 2021
Mideast petrochemical demand may improve; shipping woes remain
Author: Felicia Loo
2021/09/02
SINGAPORE (ICIS)–Petrochemical demand in Middle East may see some improvement, shored up by post-summer restocking, although concerns remain about high freight costs and difficulties in securing empty containers and vessel space.
September is the archetypal month when peak demand kicks off for some products.
For base oils, market sentiment remains on a largely even keel, with any improvement in year-end demand tied to economic recovery.
Steady Iran Group I supply will be expected over the coming weeks, with mild improvement likely for Group II Asian bulk supply to the UAE.
While there are minimal known turnarounds so far among base oils producers in the Middle East throughout the second half of the year, spot supply for Group I and Group II are improving, albeit slowly.
There are concerns that slow automotive sales around the world could further dampen demand for downstream finished lubricants.
For polyethylene (PE), demand in the Gulf Cooperation Council (GCC) is likely to remain stable from August, with players looking forward to restocking for a seasonal Q4 demand uptick.
The GCC is home to several processors which export finished goods to Europe and Africa, and they are expect a steady flow of enquiries from buyers ahead of the year-end holiday season.
Regional players are also awaiting clarity on any impact on cargo availability following power supply issues at key PE facilities in Saudi Arabia earlier this month.
For general purpose polystyrene (GPPS), prices in the GCC market were stable as high freight costs are offset by lower cost of feedstock styrene monomer (SM).
Concerning toluene diisocyanate (TDI), regional buyers have procured volumes for delivery in September – the start of peak demand season for downstream foam markets.
Sellers are worried over worsening freight issues such as a shortage in empty containers, uncertainties in the cargo loading date and possible delays.
Regarding polymeric methylene diphenyl diisocyanate (PMDI), expectations are that demand should pick up over the next few months, on increased construction activity after the summer.
For polyols, activity has been subdued, with buyers maintaining a wait-and-watch stance on the market due to the volatility of feedstock propylene oxide (PO).
Buyers are not in a hurry to procure volumes and are waiting for PO prices to stabilise.
High freight costs and difficulties in securing empty containers and vessel space are also issues affecting the polyols market.
Focus article by Felicia Loo
September 2, 2021
Arsenal’s Meridian Acquires Prime Blend, LLC September 1, 2021 – Meridian Adhesives Group (Meridian) announced the addition of its fourteenth company to the group’s portfolio today upon the acquisition of Prime Blend, LLC, (Prime Blend). Prime Blend is a manufacturer and formulator of water-based and hot melt adhesives and coatings. The company primarily serves the food and beverage packaging, paper/film and foil converting, and furniture markets. Based in Elk Grove Village, Illinois, the company offers products that are used to adhere and coat decorative beverage cartons, microwave bags, industrial strapping, point of purchase displays and various furniture applications.
“We found the right home in Meridian Adhesives Group,” said Jerry Stempel, CEO of Prime Blend. “This investment by Meridian will enhance our steep growth trajectory in our legacy markets and open doors to new opportunities by allowing Prime Blend to leverage Meridian’s broad technology platform to our extremely loyal customer base and end-users.”
The Prime Blend team brings over 100 years of experience in formulating, manufacturing, and selling adhesives. The company’s extensive manufacturing and warehouse capacity provides customers with quicker deliveries and greater inventories, as well as personal service, dedicated equipment, and highly qualified technical support.
“The addition of Prime Blend will strengthen the Meridian portfolio as we work to extend our product and technology offerings in our Industrial Division,” said Daniel Pelton, CEO of Meridian. “The acquisition of Prime Blend adds considerable end-use application knowledge and a customer-focused business model to further support our vision as a leader in the adhesives industry.” For more information regarding Prime Blend, visit https://www.pblend.com.
About Meridian Adhesives Group Meridian Adhesives Group is a leading manufacturer of high-value adhesive technologies. With a broad portfolio of dynamic solutions, Meridian serves the electronics, infrastructure, flooring, packaging and product assembly markets. The group’s operations are located in the Americas, EMEA and Asia, with a multitude of sales/service offices worldwide that are positioned to serve Meridian’s global customer base. For more information, visit https://meridianadhesives.com.
About Arsenal Capital Partners Arsenal is a leading private equity firm that specializes in investments in middle-market industrial growth and healthcare companies. Since its inception in 2000, Arsenal has raised institutional equity investment funds of $5.3 billion, has completed more than 200 platform and add-on investments, and achieved more than 30 realizations. Arsenal invests in industry sectors in which the firm has significant prior knowledge and experience. The firm works with management teams to build strategically important companies with leading market positions, high growth, and high value-add. Visit www.arsenalcapital.com.
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