Archive for September 8th, 2021

Acetic Acid Agreement

by on Sep.08, 2021, under Uncategorized

The explosion and a series of acts of force majeure in the U.S. this year have pushed up export prices of acetic acid, which have risen 54 percent since last October. BP and China`s Zhejiang Petroleum and Chemical Corporation (ZPCC) have signed a Memorandum of Understanding (MOU) to examine the establishment of a new joint venture owned by 1 million tons (tpa) of the besigic acid plant of a quantity per year (tpa) in eastern China. HOUSTON (CIHI) –BP will distribute and market Eastman Chemical`s U.S. acetic acid at its Tennessee headquarters starting Aug. 1. The potential new facility, which would complement ZPCC`s vast integrated refining and petrochemical production complex in Zhoushan, would be the world`s largest acetic acid production site. After nearly two years of repeated requests from the Gujarat Narmada Valley Fertiliser Corporation (GNFC), a relatively small player it faced, BP refused to extend its patented acetic acid production license to the company in order to build a new facility. BP`s proprietary CATIVA® XL technology requires significantly lower capital investments and offers superior operating performance compared to other acetic acid technologies. To support BP`s commitment to a low-carbon future® CATIVA XL technology is also more energy efficient and has a large production capacity, which also helps reduce the carbon footprint. Li Shuirong, Chairman of ZPCC, said: “ZPCC is pleased to sign this Memorandum of Understanding with BP to explore this possibility for acetic acid production. I am confident that this cooperation will help ZPCC optimize its footprint structure and improve competitiveness, and together we will foster the quality development of China`s petrochemical industry. In a statement Monday, Eastman said it has “decided to sell certain grades of acetic acid produced at its site in Kingsport, Tennessee, through a single outlet that can reliably and effectively market the product. For the past 15 years, Bharuch-based GNFC has used BP Chemicals` patented methanol route technology to produce acetic acid in India.

BP Chemicals is the chemical arm of BP. Acetic acid has traditionally been produced from ethanol, but in recent times methanol is considered a more convenient option, given that operating costs are also lower when the size of the facility is large. In mid-May, a few weeks after BP`s move, Dow Chemical reported a case of global force majeure in vinyl acetate polymerome (VAM), with BP being its main supplier of acetic acid, an important raw material. The higher powers paralyzed BP`s acetic acid plant and Dow`s VAM plant in Texas City. “Eastman has found that BP has the skills to reliably and efficiently bring the non-special acid produced by Eastman to market,” the statement said. . . .

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278 Works Agreement

by on Sep.08, 2021, under Uncategorized

In order to make these improvements, the contracting authority must obtain the authorisation of the detailed planning of the works from the motorway authority and conclude an agreement defining the manner in which the works are to be carried out. An S278 contract is often used to allow development access to the existing road network. However, it can also be used to improve the motorway network, which is necessary as a result of development, or to contribute to future work on the wider motorway network. Section 278 of the Highways Act 1980 allows a developer to carry out work on public roads. This is usually necessary when a building permit has been issued for a development requiring improvements or modifications to the public road. A developer will submit an S278 application at an early stage in the design process, in many cases at least 12 months before on-site work is required. provided that the person pays all or part of the cost of the work that can be determined or determined in accordance with the agreement. For many of the work we do, you will often find references to an agreement under Section 278 (or S278). Highway improvement works on roads controlled by the Local Highway Authority normally follow the following guidelines and section 278 of the Highway Act 1980 is applicable where: The developer is generally responsible for the costs associated with carrying out the modifications, whether the work is carried out by a contractor designated by the developer or the local authority itself. The agreement between the motorway authority and the promoter is called “section 278 Agreement” and may contain points such as: if the Council has decided to carry out the work itself, they will contact Cormac to agree on the work programme and how this may correspond to other programmes on the network. They will also take care of all construction issues to ensure that delays or disruptions to the public are kept to a minimum as possible.

In addition to the works themselves, the developer may have to bear the costs arising from the following reasons: if the proposed works concern the “strategic road network”, which is under the control of Highways England and not the local authority, the S278 agreement must be concluded with the Minister for Transport. Salvatore Amico, Partner and Head of City and Country Planning, has this advice: “These agreements require a thorough and detailed approach. The specifications of motorway works and the conditions related to all links must be precise and precise. We always strive to protect the interests of our clients and ensure that their commitments are clear, so that there is no room for disagreements at a later stage. In addition, land ownership or ownership issues are also common features of these agreements, and we offer the necessary know-how to manage them. Although the Council is constantly involved in the discussion of projects and their timing with the developers, the final decision to proceed with a scheme and enter into an agreement rests with the developers and the Council has no control over this. The package may include motorway works carried out under a Section 278 agreement, drainage construction and earthworks. As central interlocutors for several aspects of the infrastructure, we can offer better coordination of work and minimize possible delays. As far as possible, the Council endeavours to link the work to existing works or other S278 programmes in or near the same environment, but this is not always possible due to other constraints, such as funding and programme delivery deadlines, planning requirements or the availability of road space. As a general rule, Section 278 agreements are the local authority that authorizes the developer to carry out the proposed work.

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