The Urethane Blog

Everchem Updates

VOLUME XXI

September 14, 2023

Everchem’s Closers Only Club

Everchem’s exclusive Closers Only Club is reserved for only the highest caliber brass-baller salesmen in the chemical industry. Watch the hype video and be introduced to the top of the league: read more

Meet Daniel Meyer

There aren’t many senior executives who can strike up a tune on the bagpipes, but for Daniel Meyer it’s just one of the many things this father of two enjoys in life.

Having held a variety of roles within Covestro and previously Bayer, he’s now President and Head of the Polyurethanes business unit. As he takes on the challenges that face the business today, we wanted to find out more about what makes him tick.

Daniel, you’ve had a long and interesting career within the industry. What is it that sustains your enthusiasm?

I love being able to talk to customers, really understanding where they are coming from and what they need, then creating innovations and solutions that work down the entire value chain. And that means great teamwork too, really engaging with and challenging my team to collaborate with customers and each other, to think differently and follow the path less travelled.

You’ve worked in Asia for a long time. How do you think that regional experience helps you in your approach?

I felt I needed a deep understanding of the customs and character of the region to be able to have informed credible conversations with customers. I read widely, asked questions, soaked up the background and really embraced the culture. I think this is a tactic you can take anywhere in the world, both in life and in business – be inquisitive about people, learn about their challenges, listen to their needs. It was a wonderful experience for my family and me personally and professionally.

How would you describe your leadership style?

It’s my responsibility to equip the business with everything it needs to sustain success in the long term. I like to compare it to raising children, giving my kids everything they need to have happy and successful lives. Openness and mutual trust are very important to me and I’ll often give very candid feedback – which is what I expect in return. We can only tackle the challenges ahead if we align with our strategy, talk to each another and act as one cohesive team.

What’s exciting about the future of PUR market?

Well the future always begins today! And the potential is exciting. The chair you are sitting on right now. The building you are in right now. Cars, furniture, appliances – you find polyurethane in almost all areas of everyday life. We have to ensure we are close to the market and operate fast and efficiently. This means having the best cost structure and being the ‘go-to’ supplier for our customers.

‘Every successful product and new discovery we make is based on the curiosity, courage and inquisitive mindset of our employees’

Every member of our team is an innovator – and we encourage people to take innovation beyond R&D, extending into every aspect of the business. The more sustainable we can be, the more profitable, and the more we can benefit society, the better. We have to help our customers support the circular economy and understand what trends are telling us.

Every successful product and new discovery we make is based on the curiosity, courage and inquisitive mindset of our employees. Only with their passionate approach can we continue to grow. It’s a great team to be part of and I’m looking forward to working with everyone to make the world a brighter place.

Daniel Meyer joined Bayer France S.A. in 1992, transferring to Bayer AG in Leverkusen in 1997. He occupied various positions in the pigments business before becoming product manager for coating resins in 2002, initially in Europe, the Middle East and Africa, and subsequently around the world. From 2004, Meyer held a number of different positions in Asia-Pacific for a total of eight years, including managing the marketing of coating raw materials. He went on to head Business Development before assuming responsibility for the entire Coatings, Adhesives, Specialties segment in the region, and subsequently around the globe. He became Head of Polyurethanes at Covestro in September 2017.

https://pureinsights.covestro.com/interview-daniel-meyer/

Meet Daniel Meyer

There aren’t many senior executives who can strike up a tune on the bagpipes, but for Daniel Meyer it’s just one of the many things this father of two enjoys in life.

Having held a variety of roles within Covestro and previously Bayer, he’s now President and Head of the Polyurethanes business unit. As he takes on the challenges that face the business today, we wanted to find out more about what makes him tick.

Daniel, you’ve had a long and interesting career within the industry. What is it that sustains your enthusiasm?

I love being able to talk to customers, really understanding where they are coming from and what they need, then creating innovations and solutions that work down the entire value chain. And that means great teamwork too, really engaging with and challenging my team to collaborate with customers and each other, to think differently and follow the path less travelled.

You’ve worked in Asia for a long time. How do you think that regional experience helps you in your approach?

I felt I needed a deep understanding of the customs and character of the region to be able to have informed credible conversations with customers. I read widely, asked questions, soaked up the background and really embraced the culture. I think this is a tactic you can take anywhere in the world, both in life and in business – be inquisitive about people, learn about their challenges, listen to their needs. It was a wonderful experience for my family and me personally and professionally.

How would you describe your leadership style?

It’s my responsibility to equip the business with everything it needs to sustain success in the long term. I like to compare it to raising children, giving my kids everything they need to have happy and successful lives. Openness and mutual trust are very important to me and I’ll often give very candid feedback – which is what I expect in return. We can only tackle the challenges ahead if we align with our strategy, talk to each another and act as one cohesive team.

What’s exciting about the future of PUR market?

Well the future always begins today! And the potential is exciting. The chair you are sitting on right now. The building you are in right now. Cars, furniture, appliances – you find polyurethane in almost all areas of everyday life. We have to ensure we are close to the market and operate fast and efficiently. This means having the best cost structure and being the ‘go-to’ supplier for our customers.

‘Every successful product and new discovery we make is based on the curiosity, courage and inquisitive mindset of our employees’

Every member of our team is an innovator – and we encourage people to take innovation beyond R&D, extending into every aspect of the business. The more sustainable we can be, the more profitable, and the more we can benefit society, the better. We have to help our customers support the circular economy and understand what trends are telling us.

Every successful product and new discovery we make is based on the curiosity, courage and inquisitive mindset of our employees. Only with their passionate approach can we continue to grow. It’s a great team to be part of and I’m looking forward to working with everyone to make the world a brighter place.

Daniel Meyer joined Bayer France S.A. in 1992, transferring to Bayer AG in Leverkusen in 1997. He occupied various positions in the pigments business before becoming product manager for coating resins in 2002, initially in Europe, the Middle East and Africa, and subsequently around the world. From 2004, Meyer held a number of different positions in Asia-Pacific for a total of eight years, including managing the marketing of coating raw materials. He went on to head Business Development before assuming responsibility for the entire Coatings, Adhesives, Specialties segment in the region, and subsequently around the globe. He became Head of Polyurethanes at Covestro in September 2017.

https://pureinsights.covestro.com/interview-daniel-meyer/

October 17, 2018

Fire at FXI in NJ

East Rutherford Fire Department battles blaze at foam company

 

 

East Rutherford firefighters battled a fire at a foam company Monday morning, authorities said.

The East Rutherford Police Department said the fire broke out at 13 Manor Road at FXI, a foam manufacturer for the “home, health care, electronics, industrial, personal care and transportation markets.”

The blaze was put out within an hour, said Lt. Bill Hopkins. There were no injuries.

https://www.northjersey.com/story/news/bergen/east-rutherford/2018/10/15/east-rutherford-nj-fire-department-fights-fire-foam-company/1646585002/

October 17, 2018

Fire at FXI in NJ

East Rutherford Fire Department battles blaze at foam company

 

 

East Rutherford firefighters battled a fire at a foam company Monday morning, authorities said.

The East Rutherford Police Department said the fire broke out at 13 Manor Road at FXI, a foam manufacturer for the “home, health care, electronics, industrial, personal care and transportation markets.”

The blaze was put out within an hour, said Lt. Bill Hopkins. There were no injuries.

https://www.northjersey.com/story/news/bergen/east-rutherford/2018/10/15/east-rutherford-nj-fire-department-fights-fire-foam-company/1646585002/

October 17, 2018

Propylene Flat for October

US October propylene contracts roll over

16 October 2018 16:51 Source:ICIS News

HOUSTON (ICIS)–US October propylene contracts settled at a rollover for the majority of the market, sources confirmed, amid supply and demand fundamentals that remained balanced despite some production issues.

Image by Eye Ubiquitous/REX/Shutterstock

The October settlement keeps contract prices for polymer-grade propylene (PGP) at 60.0 cents/lb ($1,323/tonne) and for chemical-grade propylene (CGP) at 58.5 cents/lb, flat from September values.

US propylene contract prices

Propylene supply has become tighter in recent weeks. Most propylene is made in refineries, followed by crackers, then propane dehydrogenation (PDH) units and other sources.

Refinery operating rates began declining in recent weeks and fell below 90% in the week ended 5 October for the first time since early March amid maintenance outages. Refineries typically conduct short turnarounds in the autumn as they transition to produce winter fuels.

Production from crackers has been limited due to the increased usage of ethane as a feedstock. Ethane makes the least amount of propylene co-product when cracked. But as the most economical feedstock for ethylene, it has been favoured amid low ethylene prices and tight cracker margins.

Production from PDH units has been volatile, with the most recent outage resolved late last week.

The inventory picture is unclear, with the market brushing off a late September steep decline in reported levels, with many suspecting that it reflected a change in reporting rather than a change in stocks. Propylene inventories at 2.038m bbl on 5 October are 14% above four weeks prior, but 33% below the same week in the prior year.

Despite the production headwinds, supply remains available.

“People who need spot can find spot and don’t have to pay a premium for it,” a market source said.

Front-month PGP has traded in a narrow range of 56.50-57.75 cents/lb during the first half of October despite an active market. Spot prices were in a similarly narrow range during September, which is in contrast to the steep swings seen during much of the rest of 2018.

US PGP spot prices

A drop in demand may have helped offset some of the recent production issues, amid lower downstream polypropylene (PP) operating rates in September. PP is the largest consumer of US propylene.

US propylene prices for several months have been well above those in Asia and Europe, causing domestic derivatives to be less competitive against low-cost imports.

There had been little propylene demand drop-off over the last several months, due to strong demand or tight markets in downstream sectors. But the continued disparity in costs could be taking a toll on US derivatives.

“Maybe PP will see some demand destruction from sustained high prices,” a market source said.

US propylene contracts are typically settled during the month for the current month.

Major US propylene producers include Chevron Phillips Chemical, ExxonMobil, Flint Hills Resources and Shell Chemical.

Major buyers include Arkema, Ascend Performance Materials, Braskem, Dow Chemical, INEOS, Oxea and Total.

Image above shows bottle caps, which are often made of PP, the main use of propylene. Photo by Eye Ubiquitous/REX/Shutterstock

Focus article by Jessie Waldheim

https://www.icis.com/resources/news/2018/10/16/10266125/us-october-propylene-contracts-roll-over/?cmpid=SOC%7CRSS%7Ctwitter%7CFreeChemNewsFeed