Polyestertime

POSTS-News- Plastic-Petrochemicals – POSTS 新闻 Plastic Petrochemicals

POSTS 新闻 Plastic Petrochemicals POSTS 新闻 Plastic Petrochemicals POSTS 新闻 Plastic Petrochemicals

-Big Oil is gearing up for another crazy round of cost cuts – Big Oil cost cuts

-High Added Value Renewable Polymers – Renewable Polymers

POSTS 新闻 Plastic Petrochemicals

-UK Budget Deficit Widens In June – UK Budget Deficit

-China – Filament Grade Semi Dull PET Chip – PET bottle chip 瓶芯 – Pet chip resin 宠物芯片树脂

POSTS 新闻 Plastic Petrochemicals

-Asia PTA dips after recent spike; tight supply to buoy up prices – Asia PTA prices

-Indonesia’s textile exports grow by small percentage – Indonesia textile exports

-Vietnam can fully absorb polyolefins from Long Son project – Vietnam polyolefins

-Initial US August BD contract nominated at 8 cent/lb decline – US August Butadiene

-Oil dives 2 percent; consultant sees OPEC crude output rise in July – Crude  Oil OPEC output

-PET Exports to EU – Polyethylene terephthalate (PET) Eu Pakistan

-Campaign launched for flame retardant-free car seats – Flame Retardant car seats

-A Viet Tien garment production line – Vietnam Viet Tien garment

-Next generation performance cotton on show at OR – Next generation cotton

POSTS 新闻 Plastic Petrochemicals

-US starts antidumping probe on polyester staple fiber from S Korea, Taiwan – US polyester staple fiber

 

POSTS-News- Plastic-Petrochemicals – POSTS 新闻 Plastic Petrochemicals

POSTS 新闻 Plastic Petrochemicals  POSTS 新闻 Plastic Petrochemicals  POSTS 新闻 Plastic Petrochemicals 

-A circular approach to bioeconomy: an opportunity to decarbonise the economy and reconnect it with society – Circular bioeconomy

POSTS 新闻 Plastic Petrochemicals

-Polypropylene recycling venture launches $120 million project – Polypropylene recycling project

POSTS 新闻 Plastic Petrochemicals

-Analyst: Technology Gains In US Shale Ramp Up Production, Pressure – Technology US Shale

POSTS 新闻 Plastic Petrochemicals

-Global plastic waste totals 4.9 billion tonnes – Global plastic waste

POSTS 新闻 Plastic Petrochemicals

-LyondellBasell technologies to be used for Chinese petrochemical complex – LyondellBasell technologies Chinese petrochemical

POSTS 新闻 Plastic Petrochemicals

-ECKART Effect Pigments for Labels and Packaging –ECKART Effect Pigments Packaging

 POSTS 新闻 Plastic Petrochemicals

-Crude Oil : WTI BRENT 原油 – Crude oil WTI BRENT 原油

POSTS 新闻 Plastic Petrochemicals

-China – Filament Grade Semi Dull PET Chip – PET bottle chip 瓶芯 – Pet chip resin 宠物芯片树脂

POSTS 新闻 Plastic Petrochemicals

-Europe PE players seeing bottom of cycle approach – Europe PE players

-Japan’s Toray to make new top-grade carbon fiber in US – Japan Toray carbon fiber

POSTS 新闻 Plastic Petrochemicals

-August expectations surface in Europe’s PVC market – Europe PVC market

-Half of All Plastic That Has Ever Existed Was Made in the Past 13 Years – Plastic waste

-Mars colonies could benefit from bacteria that turn CO2 into 3D printable biopolymers – Mars colonies bacteria CO2 biopolymers

-Brazilian cotton prices dip to lowest levels since Nov ’16 – Brazilian cotton prices

-Plastic packaging: from waste to valuable resources – Plastic packaging waste resources

-Apparel Textile Sourcing Canada Show To Provide Glimpse Into Global Design And Fashion Trends For 2018 And Beyond – Apparel Textile Sourcing Canada Show

-There’s literally a ton of plastic garbage for every person in the world – Plastic garbage world

-Asahi Kasei profit seen hitting record on automotive plastics – Asahi Kasei automotive plastics

 

POSTS-News- Plastic-Petrochemicals – POSTS 新闻 Plastic Petrochemicals

POSTS 新闻 Plastic Petrochemicals POSTS 新闻 Plastic Petrochemicals  POSTS 新闻 Plastic Petrochemicals POSTS 新闻 Plastic Petrochemicals  POSTS 新闻 Plastic Petrochemicals POSTS 新闻 Plastic Petrochemicals

-DuPont Tate & Lyle’s Latest Innovations Showcased at Outdoor Retailer Summer Market – DuPont Tate Lyle Outdoor Retailer Summer Market

-Could US sour crude oil be exported to Europe at the expense of other grades? – US  crude oil Europe

-Humanity has produced 8.3 billion tons of plastic for 65 years – Humanity plastic

POSTS 新闻 Plastic Petrochemicals

-Composites of Polyplastic were included in the international list of the automotive concern Peugeot Citroen – Polyplastic automotive Peugeot Citroen

POSTS 新闻 Plastic Petrochemicals

-UK plastics processing facility opened / Site expansion plans – UK plastics Vanden Recycling

POSTS 新闻 Plastic Petrochemicals

-Could this Indonesian invention solve the world’s plastic bag problem? – Indonesian invention plastic bag problem

-VDMA publishes online reports on textile machinery – VDMA  textile machinery

POSTS 新闻 Plastic Petrochemicals

-Algerian Textile Producers On The Upswing – Algerian Textile

-Tunisia to be the guest of honor at the World trade fair for textiles and fashion “Première Vision” in Paris – Tunisia textiles Première Vision Paris – France Language Only

POSTS 新闻 Plastic Petrochemicals

-German Economic Confidence At 4-Month Low – German Economic Confidence

POSTS 新闻 Plastic Petrochemicals

-Crude Oil : WTI BRENT 原油 – Crude oil WTI BRENT 原油

POSTS 新闻 Plastic Petrochemicals

-China – Filament Grade Semi Dull PET Chip – PET bottle chip 瓶芯 – Pet chip resin 宠物芯片树脂

-Asia ABS prices rise as supply tightens, buyers may resist – Asia ABS prices

-Americas Styrenics seeks US Aug PS price hikes – Styrenics US PS price

-Study Examines On-Purpose Propylene Technologies – Propylene Technologies

-100% recycled polyester yarn for fabric production from PET bottles –  Recycled polyester yarn fabric

-Plastic packaging: from waste to valuable resources – Plastic packaging waste resources

-Algerian Textile Producers On The Upswing – Algerian Textile Producers

-MSM Poly Converts Anobex Resin Into Film and Component Parts – MSM Anobex Resin Film

-European acrylonitrile price decline slows from June – European acrylonitrile price

POSTS 新闻 Plastic Petrochemicals

-Southeast Asia’s import PET market hits 4 month-high – Southeast Asia  PET

 

-BioEconomy Investor Discusses the Changing Government Landscape  – BioEconomy Investor

POSTS-News- Plastic-Petrochemicals – POSTS 新闻 Plastic Petrochemicals

POSTS 新闻 Plastic Petrochemicals POSTS 新闻 Plastic Petrochemicals POSTS 新闻 Plastic Petrochemicals

Polymers Petrochemicals – Graphs – FGPET – FGPET Bright -BGPET -PX – PTA -MEG -CPL -POLYAMIDE – POY – DTY – PSF – SPANDEX – ACN – ASF – VSF – BENZENE – NAPHTHA – ADIPIC ACID – PP – PE  —图形:聚酯切片对苯二甲酸单乙二醇己内酰胺聚酰胺聚酯纱丙烯腈丙烯酸短纤维聚丙烯聚乙烯石脑油苯  – sợi tổng hợp

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-Team of PE scientists create biodegradable shopping bags – PE biodegradable shopping bags

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-US in a gas war with Iran, Russia, own allies – US gas war Iran Russia

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-China asks to ban mixed paper and many plastic scrap grades – China plastic scrap grades

-Bangladesh textile operators visit Arioli factory  –  Bangladesh textile Arioli factory

-Coca-Cola’s enhanced UK R-PET procurement to provide limited support to demand – CocaCola UK RPET

-DOC stops anti-dumping investigation against VN polyester fibre – DOC  antidumping VN polyester fibre

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Big Oil is gearing up for another crazy round of cost cuts – Big Oil cost cuts

Big Oil cost cuts Big Oil cost cuts Big Oil cost cuts Big Oil cost cuts Big Oil cost cuts Big Oil cost cuts Big Oil cost cuts 

Big Oil is gearing up for another crazy round of cost cuts

Big Oil cost cuts Andrew Burton/Getty Images

LONDON, July 21 (Reuters) – After a brief respite at the start of the year, the world’s top oil and gas companies are set to double down on cost cutting as a recovery in crude prices after a three-year slump falters.

Corporate hopes were raised by a deal between members of the Organization of Petroleum Exporting Countries and other non-OPEC producers to cut production, which lifted oil prices above $58 a barrel in January, after they had slid to as low as $27 in 2016.

But Brent crude prices have since slipped back below $50 and banks have lowered price forecasts, amid surging output from the United States and other nations not bound by the global oil pact.

Investors are again focussing on the ability of top oil firms such as Exxon Mobil, Royal Dutch Shell and Total to live within their means and eke out profits when oil has failed to recover, as hoped, to $60.

The majors, often dubbed Big Oil, have already been through tough spending cuts since a collapse in crude prices since mid-2014 from above $100. They have shed thousands of jobs, scrapped projects, sold assets and squeezed service costs.

The painstaking effort has paid off.

Net income for Exxon, Chevron, Shell, BP, Total, Eni and Statoil is set to double on average in the quarter ending June 30 from a year earlier, even though oil prices are back as similar levels, according to analyst estimates compiled by Reuters.

By early 2017, management teams said their operations in 2017 would cover spending and dividend payouts at $60 a barrel, although for many firms this included using scrip programmes, when investors can opt for dividend payouts in shares not cash.Big Oil cost cuts Reuters

‘More of the same’

But earlier savings may not now be enough, with Brent crude averaging below $50 in the second quarter and forecasts that the 2017 average will be $54.

While net income for Q2 may climb year-on-year, the quarter-on-quarter picture is different. Compared to the first three months of the year, the second quarter will see net income fall by about 20 percent, according to analyst estimates.

“Given where oil prices are, 2017 is still a year of transition for these companies, and that is not necessarily supportive for investment,” said Jason Kenney, head of pan-European oil and gas equity research at Banco Santander.

“The sector needs to continue doing more of the same,” he said, referring to the ongoing need to reduce costs.

Dividend yield, the ratio between a firm’s dividend payout and share price, has risen in recent weeks to near recent highs as share prices have slipped, underscoring investor concerns.

Shell, Statoil and Total kick off the Q2 earnings reports on Thursday, followed by Exxon and Chevron on Friday. BP reports on Aug. 1.

Majors were targetting break even at $55 a barrel and could further cut spending by delaying investments, simplifying offshore and other project designs and selling assets, Kenney said.

About two thirds of the industry’s capital expenditure went to new projects, with the rest used to maintain existing output, Kenney added.

‘Off life support’

Company boards have taken different approaches to deal with the bumpy oil price recovery.

Exxon and Chevron have invested in U.S. shale oil in recent months, seeking to benefit from the relatively low development cost and the short time it takes to extract commercial oil.

Across the Atlantic, Shell, BP and Total have focussed more heavily on cutting costs of large, deepwater oil and gas projects to compete with the low-cost shale.

Analysts have rewarded some firms for their ongoing savings. Total holds 18 “strong buy” or “buy” recommendations, while Chevron has 17, among analysts polled by Reuters. Shell has 16.

Exxon holds the lowest number of “buy” recommendations at 8. Its high share price to earnings (P/E) ratio and a weaker production growth outlook make it less attractive, HSBC said.

Exxon shares are trading at a P/E ratio of 16.9, compared with Shell’s 11.9 and BP’s 10.3.

Oil majors have underperformed so far this year relative to the broader stock market . For some, that makes current valuations attractive.

Big Oil cost cuts Reuters

“The fundamental environment is looking quite good because this is an environment where (companies) can cut costs and reduce headcount and they don’t have to develop anything,” said Jonathan Waghorn, co-manager of the energy fund at Guinness Asset Management, which holds shares in Shell, BP, Total and Chevron. “They are off life support at $55 a barrel.”

(Reporting by Ron Bousso; Editing by Edmund Blair)

Read the original article on Reuters. Copyright 2017.

High Added Value Renewable Polymers – Renewable Polymers

Renewable Polymers Renewable Polymers Renewable Polymers Renewable Polymers Renewable Polymers

High Added Value Renewable Polymers

By Dr. Bernard Cooker, Chemical Processing Solutions, Consultant with Lee Enterprises Consulting
Special to The Digest

Biomass-based green polymer and monomer projects, as reported in Chemical and Engineering News and Chemical Engineering Progress in Q1, Q2 2017 are surveyed.

Renewable PolymersThe focus here is on combinations of low raw material cost, commercial scale operation and high added product value, to maximize the profit opportunity.

The author has compiled a spreadsheet of every article on biomass-fed chemical processing projects in Chemical and Engineering News (CEN) and Chemical Engineering Progress (CEP) since 2013. Reviewing the 556 entry database of renewable chemicals, polymers made from biomass are increasingly prominent, more diverse and entering commercial production with greater frequency. This is driven by their higher added value relative to simpler molecules of narrower application and the need for financial investors to make an adequate profit. This article briefly surveys the biomass-fed biopolymer and monomer projects reported in the first half of 2017.

Succinic Acid

Succinic acid is a green straight chain C4 dicarboxylic acid and a candidate monomer for multiple polymers. Ref. 1 discloses three commercial succinic acid production projects: a 15,000 ton/yr unit by Myriant in the U.S., started in 2013, a second unit with 10,000 ton/yr capacity by Reverdia, a JV of Dutch State Mines and Roquette, which was started up in Italy in 2012, and Succinity’s 10,000 ton/yr plant in Spain, which was started up in 2014. Succinity is a partnership of BASF and Corbion. The two most recently disclosed commercial succinic acid projects are summarized in Table 1. The first is a 36,000 ton/yr unit in China, developed by BioAmber and CJ Cheiljedang, employing a converted amino acid plant and fermentation facility. Start up is projected for 2018. See refs. 2 – 4. The second such plant is by BioAmber and Mitsubishi in Canada, with a 30,000 ton/yr capacity and using yeast fermentation production technology, licensed from Cargill. See refs. 5 and 6 and Table 1.

Polybutylene Succinate (PBS)

A commercial polymer plant using succinic acid monomer was recently announced. See Table 1 and ref. 5. The polyester product combines butane diol and succinic acid and it is compostable and biodegradable. The plant is a JV of PTT and Mitsubishi Chemical, located in Thailand.

Epoxy Resins

AgroParis Tech of France recently reported separation of syringaresinol, a green monomer, from plant material, in the laboratory. They are targeting substitutes for bisphenol-A for epoxy resin manufacture. See Table 1 and ref. 7.

Polymers from Itaconic Acid

Itaconic acid is another monomer and renewable green chemical of interest, being an unsaturated C5 dicarboxylic acid, also known as methylene succinic acid. It is obtained from the fungal fermentation of carbohydrates and is non-toxic and readily biodegrades. See ref. 8. Ref. 9 discloses the laboratory scale work by Itaconix, a subsidiary of Revolymer, in the U.S., to make itaconic acid-incorporating polymers in collaboration with two partners. The first is Croda and the product is Zinador® 22L polymer, the prospective application being odor removal, and the second partner is AkzoNobel, making bio-based polymers for water quality, cleaning and hygiene applications. See Table 1.

2,5-Furandicarboxylic Acid

2,5-furandicarboxylic acid monomer is functionally somewhat equivalent to terephthalic acid in polymerizations, including polyester synthesis. A five member unsaturated C4O furan ring substitutes for the aryl group of TA. Table 1 and refs. 10 and 11 outline the commercial 2,5-furandicarboxylic acid plant of 50,000 ton/yr capacity by Synovia, a Vanadium/BASF JV in Belgium. The monomer is synthesized from sugars. Avantium invested $80 million in capital in the project and $220 million came from BASF, according to refs. 10 and 11.

Polyethylene Furanoate (PEF)

Table 1 and ref. 10 summarize some previous development work by Avantium to produce polyethylene furanoate (PEF) from 2,5-furandicarboxylic acid and ethylene glycol monomers. Avantium has collaborated with Coca Cola to develop a green PEF beverage bottle and they have also worked with Danone, to develop a green food packaging polymer. Ref. 12 relates to Avantium’s PEF pilot program and their $110 million public offering. Synvina, the Avantium/BASF JV, has invested in a commercial PEF plant in Europe, using their captive 2,5-furandicarboxylic acid supply. See ref. 13, which also discloses that a European PET bottle group recently concluded that PEF can be recycled with the PET stream.

Polyhydroxyalkanoates (PHAs)

Commercial capacity for PHAs from non-food agricultural residues at 1,000 ton/yr has been built in Italy by Bio-on and Sadam. The capital cost of the investment was reported as $15 million. See Table 1 and ref. 14.

Polyols

BioBased Technologies, recently purchased by Cargill, announced commercial biomass conversion to polyols, which are CHO polymers with multiple hydroxyl groups, frequently used as a co-monomers in epoxies and urethanes. The US plant produces polyols for production of flexible foams with high bio-based content. See Table 1 and ref. 15.

Adhesives, Lignin

Use of lignin, which has historically been consumed in the boilers of the pulp and paper mills where it is produced as a byproduct, as a low value fuel, is being upgraded to higher value products. All lignocellulosic biomass, including wood, contains 20 to 35% lignin on a dry basis. The upgrade is driven by the world wide decline in paper sales and consequent need by manufacturers to find new products from their feedstock and develop applications for them, including the lignin. Table 1 and ref. 16 disclose two projects at Stora Enso, the Finnish pulp and paper manufacturer to add biorefineries to their existing mills to accomplish this.

The company is piloting conversion of lignin, a tough, branched, high MW polymer, containing aryl rings and CHO-based functional groups, to adhesive for use in manufactured wood products, such as particle board and plywood. Stora Enso has also announced a 50,000 ton/yr lignin plant, the 95% pure product to yield phenol substitutes in manufactured wood composites. See ref. 16.

Methylene Diphenyl Diisocyanate and Pentamethylene Diisocyanate Monomers

Table 1 and ref. 17 disclose a potentially important development in processes for diisocyanate monomers. Covestro and collaborators University of Stuttgart, CAT Catalytic Center at RWTH Aachen University and Bayer, in Germany, have converted sugar and ammonia in the laboratory to aniline, via an intermediate. Aniline is a precursor to methylene diphenyldiisocyanate, a monomer in polyurethanes. Covestro is piloting the conversion of biomass to pentamethylenediisocyanate, another monomer, used as a polyurethane coatings hardener. See ref. 17.

Conclusions

Investors in the bioeconomy increasingly seek high value added green products from efficient commercial plants because the combination of low raw material costs, lower conversion cost at scale and high product added value maximize profit potential. A growing proportion of new bio-projects are not in ethanol, biofuels or other low MW products with limited properties. This article has illustrated the high added value trend regarding green monomers and polymers. Highlights include the recent progress in commercial (low value) lignin conversion to useful polymeric products of added value and the conversion of non-food agricultural waste to PEF, which can now be comingled with a European PET recycle stream.

Dr. Cooker is a consultant affiliated with Lee Enterprises Consulting Inc., the world’s premier bioeconomy consulting group. LEC provides technical and business expertise in bioenergy, biofuels and renewable chemicals, through its 100+ members, worldwide.

Table 1. Added Value Renewable Polymer Projects, Q1 – Q2, 2017, Chemical and Engineering News, Chemical Engineering Progress. L – laboratory, P – pilot plant, C – commercial

# Product Raw materials Scale (ton/yr) Company, institution Notes
1 Succinic acid Biomass C, 36,000 BioAmber, CJ Cheiljedang China
2 Succinic acid Biomass C, 30,000 BioAmber, Mitsubishi Canada
3 Polybutylene succinate Succinic acid C PTT/Mitsubishi JV Thailand
4 Epoxy resins Syringaresinol L AgroParis Tech France, green monomer
5 Zinador® 22L polymer, biobased polymers Itaconic acid L Itaconix U.S.
6 2,5-Furandicarboxylic acid Sugars C, 50,000 Synvina, Avantium/BASF JV Belgium
7 Polyethylene furanoate Biomass P Avantium, Coca Cola, Danone Green bottles, packaging
8 Polyethylene furanoate 2,5- Furandicarboxylic acid C Synvina, Avantium/BASF JV Europe, recycled PEF/PET mix OK
9 Polyhydroxyalkanoates Nonfood ag residues C, 1,000 Bio-on, Sadam Italy
10 Polyols Biomass C BioBased Technologies, Cargill U.S.
11 Adhesive Lignin P Stora Enso Sweden
12 Lignin Wood C, 50,000 Stora Enso Finland
13 Methylene diphenyl diisocyanate, via aniline Sugar, ammonia L Covestro, Bayer, academia Germany
14 Pentamethylene diisocyanate Biomass P Covestro Germany

References

  1. Chemical and Engineering News, 2/13/17, p. 22
  2. Ibid, 1/2/17, p. 13
  3. Ibid, 1/9/17, p. 30
  4. Ibid, 2/13/17, p. 23
  5. Ibid, 2/13/17, p. 22
  6. Ibid, 3/27/17, p. 12
  7. Ibid, 1/30/17, p. 9
  8. Itaconic acid, Wikipedia, 6/19/17
  9. Chemical and Engineering News, 2/6/17, p. 12
  10. Ibid, 2/20/17, p. 13
  11. Ibid, 5/29/17, p. 15
  12. Ibid, 3/20/17, p. 13
  13. Ibid, 5/29/17, p. 15
  14. Ibid, 3/20/17, p. 12
  15. Ibid, 5/22/17, p. 15
  16. Ibid, 5/29/17, p. 28
  17. Ibid, 6/8/17, p. 10

About the Author

Bernard Cooker is a member of Lee Enterprises Consulting, the world’s premier bioeconomy consulting group, with more than 100 consultants and experts worldwide who collaborate on interdisciplinary projects, including the types discussed in this article. The opinions expressed herein are those of the author, and do not necessarily express the views of Lee Enterprises Consulting.

High Added Value Renewable Polymers – Renewable Polymers

Renewable Polymers Renewable Polymers Renewable Polymers Renewable Polymers Renewable Polymers Renewable Polymers

High Added Value Renewable Polymers

By Dr. Bernard Cooker, Chemical Processing Solutions, Consultant with Lee Enterprises Consulting
Special to The Digest

Biomass-based green polymer and monomer projects, as reported in Chemical and Engineering News and Chemical Engineering Progress in Q1, Q2 2017 are surveyed.

Renewable PolymersThe focus here is on combinations of low raw material cost, commercial scale operation and high added product value, to maximize the profit opportunity.

The author has compiled a spreadsheet of every article on biomass-fed chemical processing projects in Chemical and Engineering News (CEN) and Chemical Engineering Progress (CEP) since 2013. Reviewing the 556 entry database of renewable chemicals, polymers made from biomass are increasingly prominent, more diverse and entering commercial production with greater frequency. This is driven by their higher added value relative to simpler molecules of narrower application and the need for financial investors to make an adequate profit. This article briefly surveys the biomass-fed biopolymer and monomer projects reported in the first half of 2017.

Succinic Acid

Succinic acid is a green straight chain C4 dicarboxylic acid and a candidate monomer for multiple polymers. Ref. 1 discloses three commercial succinic acid production projects: a 15,000 ton/yr unit by Myriant in the U.S., started in 2013, a second unit with 10,000 ton/yr capacity by Reverdia, a JV of Dutch State Mines and Roquette, which was started up in Italy in 2012, and Succinity’s 10,000 ton/yr plant in Spain, which was started up in 2014. Succinity is a partnership of BASF and Corbion. The two most recently disclosed commercial succinic acid projects are summarized in Table 1. The first is a 36,000 ton/yr unit in China, developed by BioAmber and CJ Cheiljedang, employing a converted amino acid plant and fermentation facility. Start up is projected for 2018. See refs. 2 – 4. The second such plant is by BioAmber and Mitsubishi in Canada, with a 30,000 ton/yr capacity and using yeast fermentation production technology, licensed from Cargill. See refs. 5 and 6 and Table 1.

Polybutylene Succinate (PBS)

A commercial polymer plant using succinic acid monomer was recently announced. See Table 1 and ref. 5. The polyester product combines butane diol and succinic acid and it is compostable and biodegradable. The plant is a JV of PTT and Mitsubishi Chemical, located in Thailand.

Epoxy Resins

AgroParis Tech of France recently reported separation of syringaresinol, a green monomer, from plant material, in the laboratory. They are targeting substitutes for bisphenol-A for epoxy resin manufacture. See Table 1 and ref. 7.

Polymers from Itaconic Acid

Itaconic acid is another monomer and renewable green chemical of interest, being an unsaturated C5 dicarboxylic acid, also known as methylene succinic acid. It is obtained from the fungal fermentation of carbohydrates and is non-toxic and readily biodegrades. See ref. 8. Ref. 9 discloses the laboratory scale work by Itaconix, a subsidiary of Revolymer, in the U.S., to make itaconic acid-incorporating polymers in collaboration with two partners. The first is Croda and the product is Zinador® 22L polymer, the prospective application being odor removal, and the second partner is AkzoNobel, making bio-based polymers for water quality, cleaning and hygiene applications. See Table 1.

2,5-Furandicarboxylic Acid

2,5-furandicarboxylic acid monomer is functionally somewhat equivalent to terephthalic acid in polymerizations, including polyester synthesis. A five member unsaturated C4O furan ring substitutes for the aryl group of TA. Table 1 and refs. 10 and 11 outline the commercial 2,5-furandicarboxylic acid plant of 50,000 ton/yr capacity by Synovia, a Vanadium/BASF JV in Belgium. The monomer is synthesized from sugars. Avantium invested $80 million in capital in the project and $220 million came from BASF, according to refs. 10 and 11.

Polyethylene Furanoate (PEF)

Table 1 and ref. 10 summarize some previous development work by Avantium to produce polyethylene furanoate (PEF) from 2,5-furandicarboxylic acid and ethylene glycol monomers. Avantium has collaborated with Coca Cola to develop a green PEF beverage bottle and they have also worked with Danone, to develop a green food packaging polymer. Ref. 12 relates to Avantium’s PEF pilot program and their $110 million public offering. Synvina, the Avantium/BASF JV, has invested in a commercial PEF plant in Europe, using their captive 2,5-furandicarboxylic acid supply. See ref. 13, which also discloses that a European PET bottle group recently concluded that PEF can be recycled with the PET stream.

Polyhydroxyalkanoates (PHAs)

Commercial capacity for PHAs from non-food agricultural residues at 1,000 ton/yr has been built in Italy by Bio-on and Sadam. The capital cost of the investment was reported as $15 million. See Table 1 and ref. 14.

Polyols

BioBased Technologies, recently purchased by Cargill, announced commercial biomass conversion to polyols, which are CHO polymers with multiple hydroxyl groups, frequently used as a co-monomers in epoxies and urethanes. The US plant produces polyols for production of flexible foams with high bio-based content. See Table 1 and ref. 15.

Adhesives, Lignin

Use of lignin, which has historically been consumed in the boilers of the pulp and paper mills where it is produced as a byproduct, as a low value fuel, is being upgraded to higher value products. All lignocellulosic biomass, including wood, contains 20 to 35% lignin on a dry basis. The upgrade is driven by the world wide decline in paper sales and consequent need by manufacturers to find new products from their feedstock and develop applications for them, including the lignin. Table 1 and ref. 16 disclose two projects at Stora Enso, the Finnish pulp and paper manufacturer to add biorefineries to their existing mills to accomplish this.

The company is piloting conversion of lignin, a tough, branched, high MW polymer, containing aryl rings and CHO-based functional groups, to adhesive for use in manufactured wood products, such as particle board and plywood. Stora Enso has also announced a 50,000 ton/yr lignin plant, the 95% pure product to yield phenol substitutes in manufactured wood composites. See ref. 16.

Methylene Diphenyl Diisocyanate and Pentamethylene Diisocyanate Monomers

Table 1 and ref. 17 disclose a potentially important development in processes for diisocyanate monomers. Covestro and collaborators University of Stuttgart, CAT Catalytic Center at RWTH Aachen University and Bayer, in Germany, have converted sugar and ammonia in the laboratory to aniline, via an intermediate. Aniline is a precursor to methylene diphenyldiisocyanate, a monomer in polyurethanes. Covestro is piloting the conversion of biomass to pentamethylenediisocyanate, another monomer, used as a polyurethane coatings hardener. See ref. 17.

Conclusions

Investors in the bioeconomy increasingly seek high value added green products from efficient commercial plants because the combination of low raw material costs, lower conversion cost at scale and high product added value maximize profit potential. A growing proportion of new bio-projects are not in ethanol, biofuels or other low MW products with limited properties. This article has illustrated the high added value trend regarding green monomers and polymers. Highlights include the recent progress in commercial (low value) lignin conversion to useful polymeric products of added value and the conversion of non-food agricultural waste to PEF, which can now be comingled with a European PET recycle stream.

Dr. Cooker is a consultant affiliated with Lee Enterprises Consulting Inc., the world’s premier bioeconomy consulting group. LEC provides technical and business expertise in bioenergy, biofuels and renewable chemicals, through its 100+ members, worldwide.

Table 1. Added Value Renewable Polymer Projects, Q1 – Q2, 2017, Chemical and Engineering News, Chemical Engineering Progress. L – laboratory, P – pilot plant, C – commercial

# Product Raw materials Scale (ton/yr) Company, institution Notes
1 Succinic acid Biomass C, 36,000 BioAmber, CJ Cheiljedang China
2 Succinic acid Biomass C, 30,000 BioAmber, Mitsubishi Canada
3 Polybutylene succinate Succinic acid C PTT/Mitsubishi JV Thailand
4 Epoxy resins Syringaresinol L AgroParis Tech France, green monomer
5 Zinador® 22L polymer, biobased polymers Itaconic acid L Itaconix U.S.
6 2,5-Furandicarboxylic acid Sugars C, 50,000 Synvina, Avantium/BASF JV Belgium
7 Polyethylene furanoate Biomass P Avantium, Coca Cola, Danone Green bottles, packaging
8 Polyethylene furanoate 2,5- Furandicarboxylic acid C Synvina, Avantium/BASF JV Europe, recycled PEF/PET mix OK
9 Polyhydroxyalkanoates Nonfood ag residues C, 1,000 Bio-on, Sadam Italy
10 Polyols Biomass C BioBased Technologies, Cargill U.S.
11 Adhesive Lignin P Stora Enso Sweden
12 Lignin Wood C, 50,000 Stora Enso Finland
13 Methylene diphenyl diisocyanate, via aniline Sugar, ammonia L Covestro, Bayer, academia Germany
14 Pentamethylene diisocyanate Biomass P Covestro Germany

References

  1. Chemical and Engineering News, 2/13/17, p. 22
  2. Ibid, 1/2/17, p. 13
  3. Ibid, 1/9/17, p. 30
  4. Ibid, 2/13/17, p. 23
  5. Ibid, 2/13/17, p. 22
  6. Ibid, 3/27/17, p. 12
  7. Ibid, 1/30/17, p. 9
  8. Itaconic acid, Wikipedia, 6/19/17
  9. Chemical and Engineering News, 2/6/17, p. 12
  10. Ibid, 2/20/17, p. 13
  11. Ibid, 5/29/17, p. 15
  12. Ibid, 3/20/17, p. 13
  13. Ibid, 5/29/17, p. 15
  14. Ibid, 3/20/17, p. 12
  15. Ibid, 5/22/17, p. 15
  16. Ibid, 5/29/17, p. 28
  17. Ibid, 6/8/17, p. 10

About the Author

Bernard Cooker is a member of Lee Enterprises Consulting, the world’s premier bioeconomy consulting group, with more than 100 consultants and experts worldwide who collaborate on interdisciplinary projects, including the types discussed in this article. The opinions expressed herein are those of the author, and do not necessarily express the views of Lee Enterprises Consulting.

UK Budget Deficit Widens In June – UK Budget Deficit

UK Budget Deficit

UK Budget Deficit Widens In June

UK Budget Deficit Public sector net borrowing, excluding interventions increased by GBP 2.0 billion from previous year to GBP 6.9 billion in June. The expected level was GBP 4.9 billion.

In the current financial year-to-date, PSNB grew by GBP 1.9 billion to GBP 22.8 billion.

Of this GBP 22.8 billion of PSNB, GBP 17.1 billion related to the cost of the “day-to-day” activities of the public sector, while GBP 5.7 billion related to capital spending such as infrastructure.

Public sector net debt totaled GBP 1,753.5 billion at the end of June 2017, equivalent to 87.4 percent of gross domestic product.
Source: RTT News

China – Filament Grade Semi Dull PET Chip – PET bottle chip 瓶芯 – Pet chip resin 宠物芯片树脂

Pet chip resin 宠物芯片树脂 Pet chip resin 宠物芯片树脂 Pet chip resin 宠物芯片树脂

China – Price of Filament Grade Semi Dull PET Chips, today is steady, but always weak.

Pet chip resin 宠物芯片树脂Polyestertime: Polyester DTY

The prices of Semi-dull Chips in Jiangsu and Zhejiang are at 7,350- 7,500 yuan/ton(cash),nearby.

The Bright Chip’s price in Jiangsu and Zhejiang is  at 7,400 -7,550 yuan / ton.

Polyester POY is  at 8,400 – 8,550 yuan/mt cash ex-works, while Polyester  DTY is at 9,800- 9,950 yuan/mt cash ex-works.

 

——————————————————————————————

China –PET Bottle Chip (Polyethylene terephthalate) -The Market prices, today are steady, but always weak .

Pet chip resin 宠物芯片树脂Polyestertime : PET Preforms

The domestic Polyester Bottle Chip is at 7,750-7,900 yuan / ton cash,(ex-works).

The export PET is at 950 – 970 $ /ton FOB CMP.

Asia PTA dips after recent spike; tight supply to buoy up prices – Asia PTA prices

Asia PTA prices  Asia PTA prices  Asia PTA prices  Asia PTA prices  Asia PTA prices  Asia PTA prices  Asia PTA prices  Asia PTA prices  

Asia PTA dips after recent spike; tight supply to buoy up prices

Source:ICIS News

Asia PTA prices

SINGAPORE (ICIS)–Spot purified terephthalic acid (PTA) prices in Asia were stable to lower this week after a recent spike, but will remain supported by tight supply and low inventory in the key China market.

On 21 July, bids were at $630/tonne CFR (cost and freight) CMP (China Main Port), while offers were at $650/tonne for both import and domestic US dollar-denominated cargoes, largely stable from the previous day’s average of $642.50/tonne CFR CMP.

For five straight days from 10 July, PTA prices had gained $38/tonne or 6.3% before stabilizing on 18 July and dipping on 20 July.

Acute PTA shortages in the Chinese market saw the product’s spread over feedstock paraxylene (PX) widen to $100-130/tonne in recent weeks.

A major producer was on a buying spree, booking large quantities of both Chinese yuan-denominated and US dollar-denominated volumes. An estimated 100,000 tonnes of spot PTA volumes have been booked, according to market sources, and the purchases are expected to continue in the near term.

Sellers, on the other hand, were withholding cargoes as they were expecting a bullish price trend, and mulling offers on a formula basis to maximise profits.

Downstream polyester and non-polyester producers were out in the market, looking for end-July and August-loading cargoes.

But buyers were being forced to buy at high prices since only August-loading cargoes are available in the market. Chinese buyers have even sent enquiries to south Asia – a rarity in Asia’s PTA market.

Key market participants with short positions were covering their requirements with spot purchases, while they have an over-exposure in the futures market. They were also unable to roll over their futures contracts due to a backwardated market, in which the forward price is lower than prompt price of PTA cargoes.

Tight supply amid robust downstream demand should continue to support PTA prices in the near term despite recent slips. Inventory levels were at historically low level, exerting upward pressure on prices, industry sources said.

Operating rates at downstream polyester units are currently high, while availability of contractual PTA volumes from key producers are limited amid plant shutdowns.

Major Chinese producer Hengli Petrochemical is targeting to restart its 2.2m tonne/year No 1 purified terephthalic acid (PTA) line at Dalian in the first half of August, after about 40 days of maintenance. The shutdown was extended because of technical issues.

It estimated production loss of about 150,000 tonnes from the shutdown and will, consequently, reduce its August contractual volumes to end-users.

Another Chinese producer, Hanbang Petrochemical, is attempting to restart its 2.2m tonne/year PTA plant in Jiangyin as soon as possible given favourable spreads over feedstock PX. Half of the capacity is currently in operation.

In the third quarter, other major PTA plants are expected to undergo turnaround, including Jiangsu Sanfangxiang Group’s two 1.2m tonne/year plants and Shenghong Petrochemical’s 1.5m tonne/year plant.

Meanwhile, Jialong Petrochemical is looking at restarting its 600,000 tonne/year PTA line by the end of the month. It was shut on 10 July due to a mechanical issue.

In the PTA futures market, warehouse receipts on 19 July stood at 732,955 tonnes, down 3.4% from 14 July. Futures warehouse inventory levels are decreasing, based on positions held by key PTA producers including Yisheng Petrochemical, Hengli Petrochemical and Hanbang Petrochemical.

Focus article by Paul Lim

Asia PTA prices

Pictured above: A garment factory in Huaibei city in east China. The textile industry is the main downstream sector of purified terephthalic acid (PTA). (Source: ImagineChina/REX/Shutterstock)

By Paul Lim

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