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Platinum 2011: autocatalyst recycling
FOCUS catalysts used in its manufacture. Consumer demand in India is lifting demand for platinum in production of chemical intermediates. Consumption of platinum gauze for nitric acid increased significantly in 2010. A table gives world platinum demand in the chemical sector by region for 2008-2010. In 2010 demand was split: Europe 110,000 oz, Japan 50,000 oz, N America 100,000 oz, China 80,000 oz and rest of the world 105,000 oz. Original Source: Johnson Matthey Platinum, May 2011, (2011), 31 (Johnson Matthey plc, Precious Metals Marketing, Orchard Road, Royston, Hertfordshire SG8 5HE, UK. Tel: +44 (0)1763 256315. Fax: +44 (0)1763 256338. Website: http://www.platinum.matthey.com) © Johnson Matthey plc 2011
Palladium autocatalysts in 2011 World gross demand for palladium in the automotive sector was up by 1.40 M ounces (oz) to 5.45 M oz in 2010. This was the highest level since 1999. Increased world production of light duty passenger vehicles, principally petrol cars, and stricter emissions legislation in various markets boosted demand. Substitution of platinum by palladium in autocatalyst formulations has continued despite a narrowing of the price differential between the two metals. Gross demand for palladium in European autocatalysts was up by 33% in 2010 to 1.33 M oz. Although vehicle production was at its second lowest level of the past decade, European palladium autocatalyst demand was at its highest since 2002. Japanese gross automotive demand increased by 38% to 815,000 oz due to a recovery in vehicles production. Sales of palladium to the N American automotive sector were up by 33% to 1.36 M oz. Chinese vehicle production pushed up palladium demand to 975,000 oz in 2010 (up 290,000 oz compared with 2009). A table gives palladium demand for autocatalyst usage 2009-2010 by region. This gives gross and net demand plus recycling. In 2010 rest of the world net demand was split Europe 990,000 oz, Japan 740,000 oz, N America 570,000 oz, China 925,000 oz and rest of world 900,000 oz. Original Source: Johnson Matthey Platinum, May 2011, (2011), 36-37,39 (Johnson Matthey plc, Precious Metals Marketing, Orchard Road, Royston, Herts. SG5 8HE, UK. Tel: +44 (0)1763 256315. Fax: +44 (0)1763 256338. Website http://www.platinum.matthey.com) © Johnson Matthey plc 2011
SEPTEMBER 2011
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Platinum 2011: autocatalyst recycling National car scrappage schemes continued to boost recycling of platinum, palladium and rhodium from autocatalysts in 2010. Recovery was up by a third to 1.09 M ounces (oz) of platinum, 1.33 M oz palladium and 236,000 oz of rhodium. N America is the largest market for autocatalyst recycling. Higher vehicle sales in 2010 resulted in more vehicles being scrapped. Many of these were relatively recent models with high platinum group metal loadings, particularly of palladium. Higher pgm prices in 2010 also encouraged scrap collectors to return metal to the market. In Europe, there was an increase in the amount of platinum being recycled. This was mainly from end-of-life diesels. Original Source: Johnson Matthey Platinum, May 2011, (2011), 24 (Johnson Matthey plc, Precious Metals Marketing, Orchard Road, Royston, Hertfordshire SG8 5HE, UK. Tel: +44 (0)1763 256315. Fax: +44 (0)1763 256338. Website: http://www.platinum.matthey.com) © Johnson Matthey plc 2011
COMPANY NEWS Albemarle announces quarterly dividend payable 1 Oct 2011 The Board of Directors of Albemarle Corp has declared a quarterly dividend of $0.165/share. The dividend is payable 1 Oct 2011, to shareholders of record at the close of business as of 15 Sep 2011. PR Newswire, 13 Jul 2011 (Website: http://www.prnewswire.com)
ART expands manufacturing capacity through strategic relationship with Kuwait Catalyst Co Advanced Refining Technologies LLC (ART), a jv between Chevron Products Co (Chevron) and WR Grace & Co, and Kuwait Catalyst Co (KCC) have agreed to expand their relationship to provide enhanced products and services to petroleum refiners in the Middle East and around the world. ART was established to develop and supply hydroprocessing catalysts and is the largest
shareholder of Kuwait Catalyst Company, a privately held Kuwaiti company and a supplier of hydroprocessing catalysts for petroleum refining in the Arabian Gulf region. The agreement provides ART with exclusive access to KCC’s state of the art manufacturing capacity and highly skilled operations personnel. Additionally, KCC will have greater access to ART’s premier catalyst technology and commercial resources, including technical services, to work with ART in supporting petroleum refiners in Kuwait as well as other Middle East countries. The KCC site in Shuaiba, Kuwait, will be integrated into ART’s global manufacturing network. ART is a leading global supplier of hydroprocessing catalysts which remove sulfur and other contaminants from petroleum to produce more environmentally-friendly transportation fuels, and allow refiners to process less expensive feedstocks. The use of these catalysts is growing around the world as fuel specifications are becoming more stringent. ART, Chevron, and Grace have supplied catalysts to the region for more than 40 years and Chevron has established a number of technology relationships in Kuwait and the region. WR Grace is a leading global supplier of catalysts and other products to petroleum refiners; catalysts for the manufacture of plastics; silica-based engineered and specialty materials for a wide range of industrial applications; sealants and coatings for food and beverage packaging, specialty chemicals and additives and building materials for commercial and residential construction. Founded in 1854, Grace has operations in over 40 countries. For more information, visit Grace’s web site at http://www.grace.com. Chevron is one of the world’s leading integrated energy companies, with subsidiaries that conduct business worldwide. The company is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemical products; generates power and produces geothermal energy; provides energy efficiency solutions; and develops the energy resources of the future,
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Palladium autocatalysts in 2011 World gross demand for palladium in the automotive sector was up by 1.40 M ounces (oz) to 5.45 M oz in 2010. This was the highest level since 1999. Increased world production of light duty passenger vehicles, principally petrol cars, and stricter emissions legislation in various markets boosted demand. Substitution of platinum by palladium in autocatalyst formulations has continued despite a narrowing of the price differential between the two metals. Gross demand for palladium in European autocatalysts was up by 33% in 2010 to 1.33 M oz. Although vehicle production was at its second lowest level of the past decade, European palladium autocatalyst demand was at its highest since 2002. Japanese gross automotive demand increased by 38% to 815,000 oz due to a recovery in vehicles production. Sales of palladium to the N American automotive sector were up by 33% to 1.36 M oz. Chinese vehicle production pushed up palladium demand to 975,000 oz in 2010 (up 290,000 oz compared with 2009). A table gives palladium demand for autocatalyst usage 2009-2010 by region. This gives gross and net demand plus recycling. In 2010 rest of the world net demand was split Europe 990,000 oz, Japan 740,000 oz, N America 570,000 oz, China 925,000 oz and rest of world 900,000 oz. Original Source: Johnson Matthey Platinum, May 2011, (2011), 36-37,39 (Johnson Matthey plc, Precious Metals Marketing, Orchard Road, Royston, Herts. SG5 8HE, UK. Tel: +44 (0)1763 256315. Fax: +44 (0)1763 256338. Website http://www.platinum.matthey.com) © Johnson Matthey plc 2011
SEPTEMBER 2011
ON
C ATA LY S T S
Platinum 2011: autocatalyst recycling National car scrappage schemes continued to boost recycling of platinum, palladium and rhodium from autocatalysts in 2010. Recovery was up by a third to 1.09 M ounces (oz) of platinum, 1.33 M oz palladium and 236,000 oz of rhodium. N America is the largest market for autocatalyst recycling. Higher vehicle sales in 2010 resulted in more vehicles being scrapped. Many of these were relatively recent models with high platinum group metal loadings, particularly of palladium. Higher pgm prices in 2010 also encouraged scrap collectors to return metal to the market. In Europe, there was an increase in the amount of platinum being recycled. This was mainly from end-of-life diesels. Original Source: Johnson Matthey Platinum, May 2011, (2011), 24 (Johnson Matthey plc, Precious Metals Marketing, Orchard Road, Royston, Hertfordshire SG8 5HE, UK. Tel: +44 (0)1763 256315. Fax: +44 (0)1763 256338. Website: http://www.platinum.matthey.com) © Johnson Matthey plc 2011
COMPANY NEWS Albemarle announces quarterly dividend payable 1 Oct 2011 The Board of Directors of Albemarle Corp has declared a quarterly dividend of $0.165/share. The dividend is payable 1 Oct 2011, to shareholders of record at the close of business as of 15 Sep 2011. PR Newswire, 13 Jul 2011 (Website: http://www.prnewswire.com)
ART expands manufacturing capacity through strategic relationship with Kuwait Catalyst Co Advanced Refining Technologies LLC (ART), a jv between Chevron Products Co (Chevron) and WR Grace & Co, and Kuwait Catalyst Co (KCC) have agreed to expand their relationship to provide enhanced products and services to petroleum refiners in the Middle East and around the world. ART was established to develop and supply hydroprocessing catalysts and is the largest
shareholder of Kuwait Catalyst Company, a privately held Kuwaiti company and a supplier of hydroprocessing catalysts for petroleum refining in the Arabian Gulf region. The agreement provides ART with exclusive access to KCC’s state of the art manufacturing capacity and highly skilled operations personnel. Additionally, KCC will have greater access to ART’s premier catalyst technology and commercial resources, including technical services, to work with ART in supporting petroleum refiners in Kuwait as well as other Middle East countries. The KCC site in Shuaiba, Kuwait, will be integrated into ART’s global manufacturing network. ART is a leading global supplier of hydroprocessing catalysts which remove sulfur and other contaminants from petroleum to produce more environmentally-friendly transportation fuels, and allow refiners to process less expensive feedstocks. The use of these catalysts is growing around the world as fuel specifications are becoming more stringent. ART, Chevron, and Grace have supplied catalysts to the region for more than 40 years and Chevron has established a number of technology relationships in Kuwait and the region. WR Grace is a leading global supplier of catalysts and other products to petroleum refiners; catalysts for the manufacture of plastics; silica-based engineered and specialty materials for a wide range of industrial applications; sealants and coatings for food and beverage packaging, specialty chemicals and additives and building materials for commercial and residential construction. Founded in 1854, Grace has operations in over 40 countries. For more information, visit Grace’s web site at http://www.grace.com. Chevron is one of the world’s leading integrated energy companies, with subsidiaries that conduct business worldwide. The company is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemical products; generates power and produces geothermal energy; provides energy efficiency solutions; and develops the energy resources of the future,
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