The Urethane Blog
June 25, 2021
June CGP is $0.725/lb
June 25, 2021
June CGP is $0.725/lb
June 25, 2021
Middle East’s petchems largely face oversupply, sluggish demand
Author: Felicia Loo
2021/06/25
SINGAPORE (ICIS)–Middle East’s petrochemicals are broadly facing a similar trend of ample supply and thin demand, and this is likely to persist through the summer season.
The markets are largely blighted by weak sentiment; this is primarily due to excess supply as well as a slowdown in demand in the summer months.
Sizzling red-hot temperatures are archetypal during summer in the Middle East, so there is reason for a summer lull and supply is expected to increase as production slowly normalizes after months of shortages due to tight feedstock availability.
In addition, there are hopes of a nuclear deal with Iran that is leading to expectations that Iran exports will increase in the coming months.
Middle East Group I base oils show ample cargo availability, with Group I Iran supply expected to increase in the coming weeks.
There are minimal known maintenance shutdowns so far among base oils producers located in the Middle East through the second half of the year.
There was some talk in the market of an Iranian producer due to undergo maintenance shutdown, but it could not be immediately confirmed.
Meanwhile, spot supply for Group I and Group II are improving, albeit slowly.
Concerning polymeric methylene diphenyl diisocyanate (PMDI) and toluene diisocyanate (TDI), demand in the Middle East is expected to remain tepid through the summer season.
A similar picture is painted when it comes to polyether polyols in the Middle East, where demand remains tepid amid vessel shortages and increasing freight costs from northeast Asia to the Middle East.
June 25, 2021
Middle East’s petchems largely face oversupply, sluggish demand
Author: Felicia Loo
2021/06/25
SINGAPORE (ICIS)–Middle East’s petrochemicals are broadly facing a similar trend of ample supply and thin demand, and this is likely to persist through the summer season.
The markets are largely blighted by weak sentiment; this is primarily due to excess supply as well as a slowdown in demand in the summer months.
Sizzling red-hot temperatures are archetypal during summer in the Middle East, so there is reason for a summer lull and supply is expected to increase as production slowly normalizes after months of shortages due to tight feedstock availability.
In addition, there are hopes of a nuclear deal with Iran that is leading to expectations that Iran exports will increase in the coming months.
Middle East Group I base oils show ample cargo availability, with Group I Iran supply expected to increase in the coming weeks.
There are minimal known maintenance shutdowns so far among base oils producers located in the Middle East through the second half of the year.
There was some talk in the market of an Iranian producer due to undergo maintenance shutdown, but it could not be immediately confirmed.
Meanwhile, spot supply for Group I and Group II are improving, albeit slowly.
Concerning polymeric methylene diphenyl diisocyanate (PMDI) and toluene diisocyanate (TDI), demand in the Middle East is expected to remain tepid through the summer season.
A similar picture is painted when it comes to polyether polyols in the Middle East, where demand remains tepid amid vessel shortages and increasing freight costs from northeast Asia to the Middle East.
June 24, 2021
Dow introduces polyurethane solutions sourced from recycled raw material to its MobilityScience™ platform in collaboration with Adient and Autoneum
Dow introduces more sustainable automotive solutions with SPECFLEX™ C and VORANOL™ C
HORGEN, SWITZERLAND – June 23, 2021 – Dow (NYSE: DOW) today announces a mass-balance approach to the production of new polyurethane solutions based on a circular feedstock sourced from a waste product of the mobility sector that replaces virgin fossil-fuel based feedstock. New SPECFLEX™ C and VORANOL™ C product ranges will initially be offered to the mobility sector in collaboration with leading automotive suppliers Adient and Autoneum.
SPECFLEX™ C and VORANOL™ C are designed to help automotive OEMs meet their market and regulatory demands for more circular products and reach their sustainability goals. Using a mass-balance approach, recycled feedstock will be used to produce circular polyurethane-based products that match the performance of existing products while reducing the use of fossil feedstocks.
“The automotive industry is undergoing significant change. This is being driven by market demand, the industry’s own ambition, and higher regulatory standards for reduced emissions and waste. The EU’s End-of-Life Directive is just one example of this. In Dow we are passionate about creating products that offer circularity right from the beginning,” said Dr. Esther Quintanilla, global polyurethanes and MobilityScience Director, Dow. “We have listened to the industry and are convinced that the mass-balance approach is a very efficient and validated way for automotive OEMs to meet regulatory standards and reach their own ambitious goals.”
Circular polyurethane range
SPECFLEX™ C and VORANOL™ C are certified by an independent mass-balance certification agency who will validate that the quantity of polyurethane intermediates produced from recycled materials corresponds to the appropriate quantity of end-product, thereby confirming the reporting is accurate and auditable.
“Dow’s industry-leading feedstock flexibility capability enables us to explore new feed streams that others may not be able to accommodate. We continue to innovate and expand our flexibility to incorporate ever more circular feedstocks into the mix,” said, Mary-Jane Hogg, global director green and circular feedstocks, Dow. “Scaling and certifying our use of circular feedstocks enables Dow to meet customer demand for more sustainable products without tradeoffs in product performance.” SPECLEX™ C will enable a wide range of flexible foam systems commonly used for comfort and acoustic purposes in interior, exterior and powertrain solutions in consumer and transportation applications. VORANOL™ C will enable the production of a wide range of low- to high-density foams with low viscosity that provides easier handling and the flexibility to choose the optimum loading level for any application.
Market-leading partnership
Adient, a market leader for seating in the automotive sector, and Autoneum, the leading acoustics and thermal management supplier, are partnering with Dow to pioneer the use of SPECFLEX™ C and VORANOL™ C.
“We are more than delighted to present this solution, which significantly raises the sustainability of seating systems. The urgent need to decarbonize the automotive industry goes far beyond powertrain emissions,” said David Nash, vice president foam & trim EMEA at Adient. “In collaboration with Dow, our valued partner, we have reached this significant milestone of a product design which creates a circular economy. As an important building block on the way to further decarbonize vehicle production the solution helps us to reduce fossil feedstocks by the re-integration of waste products without any compromise in quality and comfort.”
“SPECFLEX™ C and VORANOL™ C set new standards in terms of sustainability, which makes them a valuable complement to Autoneum’s sustainable product portfolio. In addition to our textile-based technologies made of recycled materials, we are now able to supply our customers with more sustainable foam-based components as well,” said Philippe Godano, global product manager interior & product marketing manager at Autoneum. “The new foam systems not only offer the same benefits as current automotive polyurethane foams such as geometrical adaptability and lightweight, but also lower the cradle-to-gate carbon footprint of cars significantly. By making use of recycled and locally obtained automotive waste, the products are also in line with Autoneum’s efforts in exploring shorter and more sustainable raw material supply chains.”
About Adient
Adient (NYSE: ADNT) is a global leader in automotive seating. With approximately 77,000 employees in 32 countries, Adient operates 202 manufacturing/assembly plants worldwide. We produce and deliver automotive seating for all major OEMs. From complete seating systems to individual components, our expertise spans every step of the automotive seat-making process. Our integrated, in-house skills allow us to take our products from research and design to engineering and manufacturing — and into more than 19 million vehicles every year. For more information on Adient, please visit www.adient.com.
About Autoneum
Autoneum is globally leading in acoustic and thermal management for vehicles. The Company develops and produces multifunctional, lightweight components and systems for interior floor and engine bay as well as the underbody. Customers include almost all automobile manufacturers in Europe, North & South America, Asia and Africa. Autoneum operates 53 production facilities and employs around 12 800 people in 24 countries. The Company with its headquarters in Winterthur, Switzerland, is listed on the SIX Swiss Exchange (ticker symbol AUTN). www.autoneum.com
About Dow MobilityScience™
Dow MobilityScience™ is a platform organized and designed to bring the full power of Dow to the transportation industry. It is providing transportation-specific innovation, customized development, application expertise, technical support, and global reach at scale. MobilityScience™ delivers value by providing expertise in sustainability with carbon management and circular economy solutions to support the move to low carbon mobility. The Mobility Platform team operates across businesses, functions, and geographies to coordinate one Dow global approach enhancing the customer experience. Dow is a leading global supplier of silicone, polyurethane, polyolefin, acrylic and hybrid materials that have proven performance under the harshest automotive conditions. For more information, visit www.dowmobilityscience.com and follow us on LinkedIn.
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