The Urethane Blog

November 27, 2019

China CO2 Emissions Fall

China’s CO2 Emissions Fell 4% Last Year, Bringing Decline to Nearly 46% Since 2005

Dou Shicong
/SOURCE : yicai
China’s CO2 Emissions Fell 4% Last Year, Bringing Decline to Nearly 46% Since 2005

(Yicai Global) Nov. 27 — China’s emissions of carbon dioxide per unit of gross domestic product fell 4 percent last year, meaning the total has dropped almost 46 percent since 2005, according to an official report published today.

That equals a total reduction of 5.26 billion tons of carbon dioxide emissions over those years, the Ministry of Ecology and Environment said in its 11th annual report on China’s climate change policies and actions.

The report shows that the government took a series of policy measures last year to control greenhouse gas emissions, while improving the system to combat climate change and promoting the development of a carbon emissions market, Vice Minister Zhao Yingmin said at a press conference.

In recent years, China has continued to control greenhouse gas emissions through industrial restructuring and clean energy development.

China has continued to address the problem of excess steel and coal capacity, the report said. By the end of 2018, it had slashed more than 150 million tons of crude steel capacity, and shut more than 20 million kilowatts of outdated coal power plants, achieving its 2016-2020 production reduction target two years in advance.

Coal accounted for 59 percent of energy use last year, down 1.4 percentage point. Meanwhile, the country vigorously developed non-petrochemical energy. Its installed generating capacity from renewable sources rose 12 percent to 730 million kilowatts at the end of last year, accounting for 38.3 percent of all installed capacity, a gain of 1.7 point.

By the end of June, China had opened pilot carbon emission markets in the cities of Beijing, Tianjin, Shanghai, Chongqing and Shenzhen as well as in the provinces of Hubei and Guangdong. Market quota transactions are running smoothly, and the accumulated spot trading volume of quotas has reached 330 million tons of carbon dioxide, with transactions amounting to CNY7.1 billion (USD1 billion).

The 2019 United Nations Framework Convention on Climate Change will be held in Madrid, Spain, next month. China hopes the important meeting will help negotiations on the implementation of the Paris Agreement’s remaining issues, and that developed countries will fulfill their commitments to provide climate funding assistance to developing countries.

https://yicaiglobal.com/news/china-co2-emissions-fell-4-last-year-bringing-decline-to-nearly-46-since-2005

November 27, 2019

China CO2 Emissions Fall

China’s CO2 Emissions Fell 4% Last Year, Bringing Decline to Nearly 46% Since 2005

Dou Shicong
/SOURCE : yicai
China’s CO2 Emissions Fell 4% Last Year, Bringing Decline to Nearly 46% Since 2005

(Yicai Global) Nov. 27 — China’s emissions of carbon dioxide per unit of gross domestic product fell 4 percent last year, meaning the total has dropped almost 46 percent since 2005, according to an official report published today.

That equals a total reduction of 5.26 billion tons of carbon dioxide emissions over those years, the Ministry of Ecology and Environment said in its 11th annual report on China’s climate change policies and actions.

The report shows that the government took a series of policy measures last year to control greenhouse gas emissions, while improving the system to combat climate change and promoting the development of a carbon emissions market, Vice Minister Zhao Yingmin said at a press conference.

In recent years, China has continued to control greenhouse gas emissions through industrial restructuring and clean energy development.

China has continued to address the problem of excess steel and coal capacity, the report said. By the end of 2018, it had slashed more than 150 million tons of crude steel capacity, and shut more than 20 million kilowatts of outdated coal power plants, achieving its 2016-2020 production reduction target two years in advance.

Coal accounted for 59 percent of energy use last year, down 1.4 percentage point. Meanwhile, the country vigorously developed non-petrochemical energy. Its installed generating capacity from renewable sources rose 12 percent to 730 million kilowatts at the end of last year, accounting for 38.3 percent of all installed capacity, a gain of 1.7 point.

By the end of June, China had opened pilot carbon emission markets in the cities of Beijing, Tianjin, Shanghai, Chongqing and Shenzhen as well as in the provinces of Hubei and Guangdong. Market quota transactions are running smoothly, and the accumulated spot trading volume of quotas has reached 330 million tons of carbon dioxide, with transactions amounting to CNY7.1 billion (USD1 billion).

The 2019 United Nations Framework Convention on Climate Change will be held in Madrid, Spain, next month. China hopes the important meeting will help negotiations on the implementation of the Paris Agreement’s remaining issues, and that developed countries will fulfill their commitments to provide climate funding assistance to developing countries.

https://yicaiglobal.com/news/china-co2-emissions-fell-4-last-year-bringing-decline-to-nearly-46-since-2005

November 27, 2019

TPC Explosion

Evacuations ordered after plant explosion in southeastern Texas

The explosion from the Port Neches plant, which produces chemical and petroleum-based products, blew out windows on homes several miles away.
By Phil Helsel, Colin Sheeley, Suzanne Ciechalski, Shamar Walters and Ben Kesslen

Residents were ordered to evacuate near a southeast Texas refinery after a chemical explosion set off a major fire early Wednesday, injuring workers and shaking homes several miles away, officials said.

A blast just after 1 a.m. ignited the blaze, which moved rapidly throughout the plant in the community of Port Neches, about 90 miles east of Houston, Jefferson County Sheriff’s Office Capt. Crystal Holmes said.

Three workers at the site were injured and are being treated, according to TPC Group, which owns the refinery and provides a range of products to chemical and petroleum-based companies, according to its website.

Jefferson County Judge Jeff Branick said one of the workers was transported by air to Houston with serious burns. A second worker was treated for a broken arm, and the third has already been released.

“We are very, very thankful that, from preliminary reports, there are no fatalities,” Branick said, adding that water canons deployed at the blast site suppressed the flames significantly.

TPC said it had accounted for all of its workers on site and that they had been evacuated. On its website, the company said it employs more than 175 full-time employees and 50 contractors.

“The event is ongoing, but will be brought under control as quickly and safely as possible,” it said in a statement early Wednesday.

Neighbors within a half-mile of the plant were being evacuated. The explosion in Port Neches, with a population of about 13,000, blew out windows on homes several miles away, The Associated Press reported.

Residents began making initial reports of the blast on social media at about 1:20 a.m.

Shawn Dunlap, who lives in Nederland, which is next to Port Neches, told NBC News that there were two explosions, and his friend’s apartment door was blown open and windows were shattered.

“It shook our house twice,” Dunlap said. “It was just like a bomb going off.”

William Joshua Hranicky, 20, of Port Neches, said that he told his brother goodnight and looked out the back window and “saw just orange.”

He said he told his brothers to run as the back doors blew open from the blast.

Macy Malin, 22, who was staying with a friend down the street from the site said the explosion woke her up. Her friend’s family, she said, were yelling and she realized that their home had been severely damaged.

“Their doors were blown open … doorknobs themselves were shot across rooms,” she said.

Malin then hurried home to Mauriceville, Texas, about 34 miles from the explosion, where she said her father was even woken up by the blast.

To drive home, she said, she had to travel in heavy traffic past the plant and was worried about what would happen if there was another explosion.

“We didn’t know what had exploded and what gasses were in the air,” she said. “I’ve never seen the traffic like that ever.”

The refinery had butadiene, one of the constituent ingredients in synthetic rubbers, Branick said, as well as C4, a petrochemical raw material. Branick said the South East Texas Regional Planning Commission is monitoring the air and environmental officials arrived on site.

Omar Hamza, a 22-year-old student at Lamar University in Beaumont, Texas, was at his family’s home in Port Neches with his 19-year-old brother when the explosion happened.

“I was packing my bag in the living room and I heard this pretty loud boom and I looked out and, right after, I saw this really bright flash of light coming towards the window and then everything just kind of exploded,” he said.

“I grabbed my brother and we just kind of got down and waited for all the glass and stuff to stop falling,” Hamza added.

He said he called the police who advised him to stay inside the house, but that he and his brother decided to leave.

“We waited for a little bit and we kind of looked outside and everyone was running around and freaking out,” he said. “So we just grabbed the important stuff we needed — I left a note on the door and we left.”

Branick, who lives less than a mile away from the explosion site, said his wife thought someone was shooting at their home when she heard the blast.

“I ran out with my pistol,” the judge said, before he realized it was a refinery explosion.

Texas has been the site of other major explosions, including a 2013 fertilizer plant blast in the rural town of West that killed 15 people and wiped out hundreds of homes.

https://www.nbcnews.com/news/us-news/explosion-reported-near-plant-southeastern-texas-n1092396

November 27, 2019

TPC Explosion

Evacuations ordered after plant explosion in southeastern Texas

The explosion from the Port Neches plant, which produces chemical and petroleum-based products, blew out windows on homes several miles away.
By Phil Helsel, Colin Sheeley, Suzanne Ciechalski, Shamar Walters and Ben Kesslen

Residents were ordered to evacuate near a southeast Texas refinery after a chemical explosion set off a major fire early Wednesday, injuring workers and shaking homes several miles away, officials said.

A blast just after 1 a.m. ignited the blaze, which moved rapidly throughout the plant in the community of Port Neches, about 90 miles east of Houston, Jefferson County Sheriff’s Office Capt. Crystal Holmes said.

Three workers at the site were injured and are being treated, according to TPC Group, which owns the refinery and provides a range of products to chemical and petroleum-based companies, according to its website.

Jefferson County Judge Jeff Branick said one of the workers was transported by air to Houston with serious burns. A second worker was treated for a broken arm, and the third has already been released.

“We are very, very thankful that, from preliminary reports, there are no fatalities,” Branick said, adding that water canons deployed at the blast site suppressed the flames significantly.

TPC said it had accounted for all of its workers on site and that they had been evacuated. On its website, the company said it employs more than 175 full-time employees and 50 contractors.

“The event is ongoing, but will be brought under control as quickly and safely as possible,” it said in a statement early Wednesday.

Neighbors within a half-mile of the plant were being evacuated. The explosion in Port Neches, with a population of about 13,000, blew out windows on homes several miles away, The Associated Press reported.

Residents began making initial reports of the blast on social media at about 1:20 a.m.

Shawn Dunlap, who lives in Nederland, which is next to Port Neches, told NBC News that there were two explosions, and his friend’s apartment door was blown open and windows were shattered.

“It shook our house twice,” Dunlap said. “It was just like a bomb going off.”

William Joshua Hranicky, 20, of Port Neches, said that he told his brother goodnight and looked out the back window and “saw just orange.”

He said he told his brothers to run as the back doors blew open from the blast.

Macy Malin, 22, who was staying with a friend down the street from the site said the explosion woke her up. Her friend’s family, she said, were yelling and she realized that their home had been severely damaged.

“Their doors were blown open … doorknobs themselves were shot across rooms,” she said.

Malin then hurried home to Mauriceville, Texas, about 34 miles from the explosion, where she said her father was even woken up by the blast.

To drive home, she said, she had to travel in heavy traffic past the plant and was worried about what would happen if there was another explosion.

“We didn’t know what had exploded and what gasses were in the air,” she said. “I’ve never seen the traffic like that ever.”

The refinery had butadiene, one of the constituent ingredients in synthetic rubbers, Branick said, as well as C4, a petrochemical raw material. Branick said the South East Texas Regional Planning Commission is monitoring the air and environmental officials arrived on site.

Omar Hamza, a 22-year-old student at Lamar University in Beaumont, Texas, was at his family’s home in Port Neches with his 19-year-old brother when the explosion happened.

“I was packing my bag in the living room and I heard this pretty loud boom and I looked out and, right after, I saw this really bright flash of light coming towards the window and then everything just kind of exploded,” he said.

“I grabbed my brother and we just kind of got down and waited for all the glass and stuff to stop falling,” Hamza added.

He said he called the police who advised him to stay inside the house, but that he and his brother decided to leave.

“We waited for a little bit and we kind of looked outside and everyone was running around and freaking out,” he said. “So we just grabbed the important stuff we needed — I left a note on the door and we left.”

Branick, who lives less than a mile away from the explosion site, said his wife thought someone was shooting at their home when she heard the blast.

“I ran out with my pistol,” the judge said, before he realized it was a refinery explosion.

Texas has been the site of other major explosions, including a 2013 fertilizer plant blast in the rural town of West that killed 15 people and wiped out hundreds of homes.

https://www.nbcnews.com/news/us-news/explosion-reported-near-plant-southeastern-texas-n1092396

November 25, 2019

European Monomer Update

Firmer naphtha could stall falling European ethylene, propylene spot prices

Author: Nel Weddle

2019/11/22

LONDON (ICIS)–A month-on-month increase in feedstock naphtha values might help stave off any further declines in European ethylene and propylene spot prices, but cracker operators might curtail operating rates due to persistent market softness.

“Considering the [spot] discounts and the increase in naphtha, we are close to break-even point,” a source said.

Another said: “Firm naphtha and lack of support from the by-products would certainly put a cap on what some cracker operators can offer.”

Spot prices for both ethylene and propylene have been under downwards pressure in Europe for some time due to an oversupply driven by soft demand and weak global markets.

Double-digit percentage discounts against the prevailing contract reference price persist for both and deeper discounts are being talked although much will depend on the outcome of the December contract reference price negotiations that will start next week.

ICIS Editorial Chart goes here–
These bearish pressures have become more pronounced in November as crackers have come back online following planned maintenance and demand has slowed further as inventory concerns take precedence at year-end.

LACKLUSTRE DEMAND
No improvement in demand is likely before the new year but, on paper at least, supply is expected to grow as planned turnarounds will be finally complete for 2019 and the unplanned issues should also have been resolved.

However, sources said these unplanned issues, if ongoing, would not make too much of a difference in December anyway.

All sources canvassed this week – producers and consumers – anticipate some reductions in cracker operating rates next month but said firm decisions have yet to be made; they are waiting to have cracker restarts confirmed.

“If things don’t improve there will be structural reductions to limit the damage,” a third source said.

Cracker margins have been on a downward trend since early August.

 

 

 

 

 

 

 

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In previous years, producers had been able to manage year-end cracker balances usually through a raft of ethylene exports mainly to Asia, but prices there are such that the free on board (FOB) Europe netback would be too low – lower than is currently talked for domestic activities – to contemplate at this time.

The second source said it would expect to see some “significant trim next month, especially since export is not an option either.”

Some propylene export has already been fixed through October and November to help address the length in that market, particularly in chemical grade propylene (CGP), but it is not clear whether there will be more.

Market players are watching the situation very carefully.

“It’s going to be interesting to see what happens in the next two weeks,” a fourth source said.

Focus article by Nel Weddle

https://www.icis.com/explore/resources/news/2019/11/22/10447338/firmer-naphtha-could-stall-falling-european-ethylene-propylene-spot-prices?cmpid=SOC%7CRSS%7Ctwitter%7CFreeChemNewsFeed