INEOS Inovyn and Statkraft have today renewed their long-standing partnership in Norway by signing two new long-term power agreements to supply renewable energy for INEOS Inovyn’s Rafnes and Porsgrunn sites. The first agreement effectively replaces the site’s existing power contract, which will expire in May 2023. It covers a capacity of 100 MW for an annual renewable energy production of 876 GWh each year. The second agreement will come into effect in 2026: it will cover an additional 30MW (263 GWh per year) and will support INEOS Inovyn’s extensive development plan in process electrification and hydrogen production at Rafnes. In Norway, INEOS Inovyn produces caustic soda, chlorine, hydrogen, vinyl chloride monomer and PVC – fundamental raw materials for sectors as diverse as automotive, building and construction, paints and adhesives, food, healthcare and medical, personal care, pulp and paper, textiles, and water treatment. “These long ...

Evonik Coating Additives introduces two innovative defoamers, TEGO Foamex 16 and TEGO Foamex 11, at the American Coatings Show 2024, April 30 – May 2, at the Indiana Convention Center in Indianapolis. These new additives are designed to improve the sustainability and performance of waterborne architectural coatings. TEGO Foamex 16 is a siloxane-based defoamer concentrate that provides an exceptional balance of defoaming efficiency and compatibility, particularly for low to medium PVC coatings. TEGO Foamex 11, a siloxane-based defoamer emulsion, is optimized for high PVC coatings. With 15 percent active ingredient, it is a highly effective, more environmentally friendly alternative to traditional mineral oil-based defoamers. Both products demonstrate Evonik’s strong commitment to environmental responsibility, as they have very low VOC and SVOC content and do not contain solvents or mineral oils. In addition, TEGO Foamex 16 contains 25 percent bio-based material, reducing th...

During the one month period since the Double Holiday, the plastic industry has been dominated by bearish trends. On the macro level, the US dollar strengthened in October, and the performance of US economic data was eye-catching. The market is concerned that the Federal Reserve still has expectations of raising interest rates as a result. In terms of cost, due to the strengthening of diplomatic efforts in international geopolitical conflicts, the tension has been partially alleviated. Venezuela’s export restrictions have also eased, with expectations of increased market supply and a weakening of crude oil prices due to pressure fluctuations. At the same time, downstream plastic enterprises are not actively willing to stock up, their consumption follow-up is lagging, and the market momentum is weak. Under the influence of declining consumption and cost fluctuations, the price performance of plastic futures has significantly declined. According to the Commodity Market Analysis Sys...