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

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

-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

-Turkey polymers demand revival dependant on political, monetary stability post-election -Turkish polymers players are hoping demand will pick up after the 24 June election following a recovery in the lira’s exchange rate against the dollar, but new capacities in the US and potential new sanctions on Iran may yet disrupt further trade of polyethylene (PE) and polypropylene (PP) in the country – Turkey polymers demand monetary stability

POSTS 新闻 Plastic Petrochemicals

-China tariffs could halt surging US crude oil exports to a huge growth market -Beijing on Friday announced plans to slap a 25 percent duty on U.S. crude oil in response to President Donald Trump’s decision to hit $50 billion in Chinese goods with an equivalent tariff – China tariffs USA crude oil

 POSTS 新闻 Plastic Petrochemicals

-ASIA: The week ahead in petrochemicals -Crude oil price movements and the upcoming meeting in Vienna on June 22 among OPEC members and other oil exporters are factors that will influence the performance of Asian petrochemical markets this week – ASIA petrochemicals

POSTS 新闻 Plastic Petrochemicals

-Volvo sets goal of 25% recycled plastics in cars from 2025 – Volvo says at least 25 percent of the plastics used in its new cars from 2025 will be from recycled materials, in an anti-pollution plan praised by the United Nations. – Volvo 25% recycled plastics cars

POSTS 新闻 Plastic Petrochemicals

-Kenyan manufacturers and PET Recycling Company partner for waste management -PET Recycling Company Ltd (PETCO) has partnered with Kenyan manufacturers in order to improve the collection, sorting, and recycling of plastic bottles – Kenyan manufacturers PET Recycling Company waste management

 POSTS 新闻 Plastic Petrochemicals

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

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

-China  : Dragon Boat Festival 2018 –

Holiday : 21-06-2018

POSTS 新闻 Plastic Petrochemicals

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

POSTS 新闻 Plastic Petrochemicals

Polymers Petrochemicals – Graphs – FGPET – FGPET Bright -BGPET -POLYAMIDE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 –

POSTS 新闻 Plastic Petrochemicals

-US moves forward with tariffs on $50bn of Chinese goods – USA tariffs $50bn Chinese goods

POSTS 新闻 Plastic Petrochemicals

-Brexit will free the UK from ‘anti science’ EU regulations, says Tory MP – THE European Union held back the booming British biotech industry with its “anti innovation regulations” and prevented the UK from taking its scientific expertise onto a global platform – Brexit UK EU regulations

POSTS 新闻 Plastic Petrochemicals

-‘A death blow’: Tariff threat looms large in the heart of Canada’s auto industry – Mike Malott has survived massive turmoil during his nearly 20 years as an automotive worker here in the heart of the Canadian industry — but now that his livelihood is in the crosshairs of a United States president who appears hell-bent on restricting cross-border trade, he is frightened – Tariff threat Canada auto industry

POSTS 新闻 Plastic Petrochemicals

-It’s Trump Sanctions, Not OPEC, That’s Boosting Oil – Trump Sanctions OPEC Boosting crude Oil

POSTS 新闻 Plastic Petrochemicals

-Faurecia to set up new interiors plant – Faurecia, a leading automotive technology company, is expanding its presence in India with a new interiors plant in Anantapur district – Faurecia interiors plant automotive

 POSTS 新闻 Plastic Petrochemicals

-Pretium Packaging to expand US manufacturing facilities – Pretium Packaging USA manufacturing facilities

 POSTS 新闻 Plastic Petrochemicals

-Dhanuka-Lohia JV travels to Egypt – Dhunseri Petrochem Ltd has signed a definitive agreement with Thailand’s Indorama Ventures (IVL) to sell a 35 per cent stake in its Egyptian PET resin business, capping a series of recent transactions to restart the mothballed plant – Dhanuka Lohia JV EIPET Egypt

POSTS 新闻 Plastic Petrochemicals

-The Fourth Industrial Revolution Is On The Horizon – Fourth Industrial Revolution

POSTS 新闻 Plastic Petrochemicals

-Why it matters if fracking companies are overestimating their ‘proved’ oil and gas reserves – The New York Times first raised concerns about the reliability of America’s proved shale gas reserves – Shale fracking companies oil gas reserves

POSTS 新闻 Plastic Petrochemicals

-BRICS Summit 2018: Foreign Ministers Oppose ‘New Wave Protectionism’, US Decision To Impose Tariffs On Its Allies – BRICS Summit 2018 Protectionism US Tariffs

 

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

-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

-IVL, Dhunseri form joint venture to acquire Egypt PET plant – Indorama Ventures Public Co Ltd (IVL) and India’s Dhunseri Petrochem have teamed up to acquire and restart a 540,000 tonne/year polyethylene terephthalate (PET) facility in Egypt – IVL Dhunseri joint venture Egypt PET plant

POSTS 新闻 Plastic Petrochemicals

-New route to synthesize bioplastics developed – While preparing oligoesters as part of regular experiments, researchers observed formation of a viscous solution which was behaving very similar to molecular self-assembly: disordered molecules were adopting a defined structure on their own – Route synthesize bioplastics

POSTS 新闻 Plastic Petrochemicals

-Moretto presented its new technological solutions at Plast 2018 – Moretto presented a range of products and machines, prepared for 4.0 process management at Plast 2018 – Moretto new technological solutions Plast 2018

 POSTS 新闻 Plastic Petrochemicals

-U.S. Shale, OPEC To Discuss Market Balance In Vienna – As everyone watches OPEC and Russia ahead of their meeting in Vienna next week, it’s easy to miss the fact that this is not the only meeting that will set the course of the global oil market in the coming months – USA Shale OPEC Market Balance Vienna

POSTS 新闻 Plastic Petrochemicals

-Market outlook: Recycling moves up the agenda – A paradigm shift is under way in the plastics industry as public concern mounts over the impact of plastic waste on the oceans and the environment – Market outlook Recycling

POSTS 新闻 Plastic Petrochemicals

-Crude oil-to-chemicals technology could be game changer for chemicals industry – Siluria Technologies (San Francisco and Menlo Park, CA) and Saudi Aramco Technologies Co. (Dhahran, Saudi Arabia) announced this week that they would join forces to revolutionize the petrochemicals industry through crude oil-to-chemicals (COTC) and oxidative coupling of methane (OCM) technologies – Crude oil chemicals technology chemicals industry

POSTS 新闻 Plastic Petrochemicals

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 POSTS 新闻 Plastic Petrochemicals

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

POSTS 新闻 Plastic Petrochemicals

-Happy Eid to all our  muslim readers

-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

-Southeast Asia PE market faces longer H2 supply, weak demand – Southeast Asia’s polyethylene (PE) market may be facing longer supply in the second half, hinging on how the US-China trade spat plays out, amid the region’s weakening demand for imports – Southeast Asia PE market

 POSTS 新闻 Plastic Petrochemicals

-Evertis continues its commitment to sustainability – At Evertis Ibérica, the company’s purpose has been achieved to the fullest extent. Evertis Ibérica, located in Portugal, is a subsidiary of Control PET, a group pioneer in the field of PET film extrusion – Evertis sustainability PET film extrusion Control PET

 POSTS 新闻 Plastic Petrochemicals

-Disconnect with feedstock allows European PET to be sold forward – The disconnect between raw material and current, high polyethylene terephthalate (PET) spot prices is so big in Europe that domestic producers are prepared to sell forward without knowing production costs – European PET polyethylene terephthalate raw material

POSTS 新闻 Plastic Petrochemicals

-Dornbirn Global Fiber Congress 57 to be held in September – The 57th Dornbirn Global Fiber Congress (Dornbirn GFC), the European-led innovation platform for the fibre industry, will be held from September 12 to 14, 2018, in Austria – Dornbirn Global Fiber Congress

POSTS 新闻 Plastic Petrochemicals

-US shale firms miss out on $70 oil after hedging at $55 – Many top US shale oil producers are missing out on the rally in oil prices to more than $70 a barrel – because they sold their oil through futures contracts at about $55 last year when that looked like a good deal – USA shale firms $70 oil

POSTS 新闻 Plastic Petrochemicals

-NMMA provides update on EPA bio-isobutanol approval –  Earlier this week, U.S. Environmental Protection Agency Administrator Scott Pruitt approved the registration of bio-isobutanol as a fuel additive – NMMA EPA bioisobutanol

POSTS 新闻 Plastic Petrochemicals

-China’s Hengli aims to start first PX line in Nov, after refinery starts – China’s Hengli Petrochemical plans to start test runs at one of its two new paraxylene production lines in Dalian, Liaoning province, in November – China Hengli PX line

POSTS 新闻 Plastic Petrochemicals

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

PO-STS 新闻 Plastic Petrochemicals POSTS 新闻 Plastic Petrochemicals POSTS 新闻 Plastic Petrochemicals PO-STS 新闻 Plastic Petrochemicals POSTS 新闻 Plastic Petrochemicals POSTS 新闻 Plastic PetrochemicalsPO-STS 新闻 Plastic Petrochemicals POSTS 新闻 Plastic Petrochemicals POSTS 新闻 Plastic Petrochemicals PO-STS 新闻 Plastic Petrochemicals POSTS 新闻 Plastic Petrochemicals POSTS 新闻 Plastic Petrochemicals

-OPEC Lifts Non-OPEC Oil Production Growth Forecast – OPEC revised up on Tuesday its 2018 forecast for total non-OPEC supply growth, while it left unchanged its projection for world oil demand growth at 1.65 million bpd this year – OPEC NonOPEC Oil Production

POSTS 新闻 Plastic Petrochemicals

-Sustainable packaging requires a flexible supply chain – Many companies across the globe are attempting to develop sustainable packaging materials to reduce environmental impact – Sustainable packaging supply chain

POSTS 新闻 Plastic Petrochemicals

-PE prices in Europe are rising in June – Prices of polyethylene (PE) in Europe are expected to grow in June, buyers and sellers note, but the rise in PE prices has not yet covered the increase in raw material quotations – PE prices Europe June

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

-Asia PTA supply to lengthen in H2 on India, China plant start-ups – Asia PTA supply India China plant

POSTS 新闻 Plastic Petrochemicals

-BASF invests in carbon recycling company LanzaTech – BASF invests carbon recycling LanzaTech

POSTS 新闻 Plastic Petrochemicals

-Colour Tone to urge producers to ensure recyclability of non-clear plastics at PDM 2018 – Colour Tone producers recyclability nonclear plastics PDM 2018

POSTS 新闻 Plastic Petrochemicals

-First bio-based FDME pilot plant opens – First biobased FDME pilot plant

POSTS 新闻 Plastic Petrochemicals

-DSM launches innovative fermentation solution that improves ethanol production – DSM fermentation solution ethanol production

POSTS 新闻 Plastic Petrochemicals

-Improving nature’s tools for digesting plastic – Improving nature digesting plastic

POSTS 新闻 Plastic Petrochemicals

-MEGlobal nominates July MEG ACP at $1,110/mt CFR Asia, down $40/mt from June – MEGlobal MEG ACP $1,110/mt CFR Asia

POSTS 新闻 Plastic Petrochemicals

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

 Crude oil WTI BRENT 原油  Crude oil WTI BRENT 原油  Crude oil WTI BRENT 原油  油  

Crude Oil 

Brent Crude Oil          : 74,84 $/Barrel

1 year WTI Forecast : 55-70  $/Barrel 

07,26  a.m. European time

Related Topics

-Oil steady as extra U.S. supply balances strong demand – Oil prices steadied on Monday as U.S. production hit a record-high and OPEC members considered boosting supply to balance rising global demand – Crude Oil steady USA supply demand

–Bearish forecast for oil on rising US output, Opec plans – A rise in US shale production and plans by the Organisation of Petroleum Exporting Countries (Opec) to gradually ramp up production are both expected to have a bearish impact on oil prices – Bearish forecast crude oil USA output Opec

-Oil prices won’t keep plunging because US drillers can’t meet demand, analysts say – Supply and demand in the oil market are finely balanced, and surging U.S. output might not be enough to offset supply disruptions in Venezuela and Iran – Crude Oil prices USA drillers

-Oil climbs over 2 percent, shrugs off API’s U.S. crude build – Crude Oil climbs API USA

The surge is over — why $50 oil is now more likely than $100

-IMF urges Saudi Arabia to resist temptation to spend, as oil prices rise – Saudi Arabia has been advised by the International Monetary Fund (IMF) not to increase spending, as oil prices reach $80 a barrel and are predicted to go higher – IMF Saudi Arabia crude oil prices

-Low oil price era is ‘dead’ as crisis-stricken Venezuela risks a supply shock, analyst says – The “lower for longer” oil price mantra is doomed, one oil analyst told CNBC Tuesday, amid heightened energy market fears of an imminent supply shock – Crude oil price crisis Venezuela supply shock

The surge is over — why $50 oil is now more likely than $100

-IMF urges Saudi Arabia to resist temptation to spend, as oil prices rise – Saudi Arabia has been advised by the International Monetary Fund (IMF) not to increase spending, as oil prices reach $80 a barrel and are predicted to go higher – IMF Saudi Arabia crude oil prices

-Low oil price era is ‘dead’ as crisis-stricken Venezuela risks a supply shock, analyst says – The “lower for longer” oil price mantra is doomed, one oil analyst told CNBC Tuesday, amid heightened energy market fears of an imminent supply shock – Crude oil price crisis Venezuela supply shock

-Forget About Oil at $80. The Big Rally Is in Forward Prices – Crude Oil $80 Prices

-Oil prices to peak in mid-2019: BofAML – Brent crude oil prices are expected to trend gradually higher, hitting an average of $80 per barrel (/bbl) by mid-2019 before gradually trending lower to an average of $71/bbl by end-2019 – Crude Oil prices peak 2019 BofAML

-What is the perfect price for oil? – When it’s too high, consumers start freaking out and using less. When it’s too low, oil companies cut back operations and lay off thousands of workers – Perfect price crude oil

-The Regulations That Could Push Oil Up To $90 – International regulations on the fuels used in shipping could tighten the oil market and push prices up to $90 per barrel in the next two years – Regulations Push Crude Oil $90

-Morgan Stanley Sees Oil Climbing To $90 By 2020 – Forget Iran and OPEC. There’s another issue that will keep oil prices supported for the next two years, according to Morgan Stanley’s oil outlook – Morgan Stanley Crude Oil $90 2020

-Get ready for $100 a barrel oil and the conflict it represents – The geopolitical risk premium in oil has driven crude prices to nearly four-year highs and shows no signs of abating – $100 barrel crude oil

-Oil for $300. Is It Possible? – If major oil companies keep postponing the necessary investments, the next “huge supply shock” may bring the oil price up to $300 per barrel – Crude Oil $300 per barrel possible

-Oil eases as clock ticks down to Trump decision on Iran – Oil eased on Tuesday ahead of an announcement by U.S. President Donald Trump later in the day on whether the United States will reimpose sanctions on Iran, but the price held within sight of its highest in more than three years – Crude Oil Trump Iran

-Saudi Arabia Needs $88 Oil – Higher oil prices have provided a boost to the economies of oil-exporting nations such as Saudi Arabia – Saudi Arabia $88 Crude Oil

-BP says still sees oil at $50-$60/bbl in 2018 as shale output surges – BP expects benchmark oil prices to weaken in the second half of the year as U.S. shale production surges by up to 1.5 million barrels per day – BP crude oil $50 $60 barrel 2018 shale output

-Iran and the oil market – How Iran’s nuclear deal and a host of other factors are forging a new crude reality – Iran Crude Oil market

-Oil output cuts succeeded but future cloudy – There is a danger of Opec, non-Opec members exceeding their vision due to current rally in oil prices, energy expert says – Oil output cuts Opec nonOpec

-Who’s to blame for costly oil? Saudis, Russia and Trump himself – Rising oil prices are now the latest target in President Donald Trump’s cross-hairs. The nation’s tweeter-in-chief complained Friday about OPEC fueling – Blame costly oil Saudis Russia Trump

-Oil pulls back from gains; OPEC says glut nearly gone – Oil prices on Thursday hit highs not seen since 2014, built on the ongoing drawdowns in global supply and as Saudi Arabia looks to push prices higher, though U.S. crude gave back gains in the afternoon to finish lower – Crude Oil OPEC glut Saudi Arabia

-Escalating Middle East Tension Could Trigger Oil Prices To Hit $100 Per Barrel – Oil prices could soon soar to $100 per barrel amid growing fear about conflict in the Middle East, according to an oil analyst for CNBC – Oil Prices $100 Barrel

 

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

China – Price Trend of Filament Grade Semi Dull PET Chip in Jiangsu is steady.

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

The prices of Semi-dull Chips in Jiangsu and Zhejiang are at 7,550 – 7,650    yuan/ton (cash),nearby.

The Bright Chip’s price in Jiangsu and Zhejiang is at 7,900 – 8,000 yuan / ton.

Polyester POY is at 8,950 -9,100 yuan/mt cash ex-works, while Polyester  DTY is at 10,700- 10,800 yuan/mt cash ex-works.

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China –PET Bottle Chip (Polyethylene terephthalate) -The  Market prices are steady.

Pet chip resin 宠物芯片树脂Polyestertime : Bottles

The domestic Polyester Bottle Chip I.V. 0,80 is at 10,100 – 10,200 yuan / ton cash,(ex-works).

The export PET Bottle Chip I.V. 0,80 is at 1,335- 1,375 $ /ton FOB CMP.

 

 

 

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“Mega-Plast” plans to open production of PET preforms in the SEZ “Dubna” – Mega-Plast plans to open production of PET preforms and closures in the special economic zone (SEZ) Dubna, Interfax reported – MegaPlast PET preforms Dubna

-BLOW MOLDING: Lightweight PET Bottle Bases for Demanding Applications – Blow Molding Lightweight PET Bottle

ACP and Teijin launch PET bottle recycling project – ACP Teijin PET bottle recycling

Industrial yarns still in demand – Industrial yarns

HC dismisses plea on PET bottle rules – HC PET bottle

Sidel Eco Booster Sustainability : Maximise Profit, Minimise Cost, Improve Sustainability

Danone, Nestle Waters & Startup to Accelerate All-Biobased PET Bottle – Danone Nestle Waters Startup Biobased PET Bottle

Turkey polymers demand revival dependant on political, monetary stability post-election -Turkish polymers players are hoping demand will pick up after the 24 June election following a recovery in the lira’s exchange rate against the dollar, but new capacities in the US and potential new sanctions on Iran may yet disrupt further trade of polyethylene (PE) and polypropylene (PP) in the country – Turkey polymers demand monetary stability

Turkey polymers demand monetary stability Turkey polymers demand monetary stability  Turkey polymers demand monetary stability  Turkey polymers demand monetary stability  Turkey polymers demand monetary stability  Turkey polymers demand monetary stability  

Turkey polymers demand revival dependant on political, monetary stability post-election

 Source:ICIS News

 Turkey polymers demand monetary stability   LONDON (ICIS)–Turkish polymers players are hoping demand will pick up after the 24 June election following a recovery in the lira’s exchange rate against the dollar, but new capacities in the US and potential new sanctions on Iran may yet disrupt further trade of polyethylene (PE) and polypropylene (PP) in the country.

His Justice and Development (AK) party’s margin of victory will be key for the economy.

Immediately following the announcement of the election, some players suggested that trading would pick up directly afterwards, as no matter the result, political volatility should be limited for the next few years.

While an overall majority would have been a relief for the economy, according to sources, things stand less clear now after Erdogan said in May he intended to have a more active role in the running of monetary policy, a fact that caused the lira to collapse against the dollar.

The Turkish lira (TL) was trading at $1:TL3.81 on 1 March. By 23 May, the exchange rate stood at $1:TL4.90.

By Monday morning, the lira had recovered some losses, trading at $1:TL4.71.

The country’s central bank came to the currency’s rescue on 28 May, calming down markets, but sources in the country and Turkey analysts predicted at the time a rough path for the country’s economy in coming months.

Only six months ago, the Turkish polymers story was meant to be a different one, with players anticipating a better year than 2017, but after the promising start, the market stagnated as the lira fell in value.

Stock levels are poor for end users, with many players divesting their stocks as soon as it became evident that the local currency was dropping significantly.

This could prompt players to return to market in the near future, especially if demand climbs following Ramadan.

Many traders have large stocks remaining, having bought at higher prices, and they are now holding onto these volumes for fear of selling for significant losses.

This may ease any period of tightness once demand returns to the market and could undermine moves to hike prices by suppliers, as the traders are likely to be keen to move their stocks.

PP is structurally tight across the globe, so upward pressure is likely to be a permanent fixture throughout the year.

PE is more of a mixed picture, with high density polyethylene (HDPE) film currently tight as producers focus on that grade to satisfy spiking prices in China.

Once HDPE pipe prices cool, supply levels should balance.

Linear low density polyethylene (LLDPE) supply is ample and large volumes from expanded US capacities have been recorded in the most recent import and export statistics from Turkstat for the month of April.

PE prices are expected to struggle to climb much in the coming months, as the US capacities saturate markets around the world.

Even if the majority does not come to Turkey, it is likely to displace volumes elsewhere.

Sanctions on Iran are likely to limit trade between the two countries, although there are workarounds for the determined.

These usually involve routing cargo through another country and, for many, it will not be worth the effort and they will look elsewhere, hitting mostly HDPE.

At the moment, this is not having much effect on price but it may make a difference when demand returns to the market.

The revival of demand levels is currently key, following many weeks of limited business.

A jump in buying interest may stretch poorly stocked players and restart demand. The difficulty is predicting when players will be tempted back to market.

Pictured: The bridge over the Bosporus linking Istanbul’s European and Asian parts
Source: WestEnd61/REX/Shutterstock

By Ben Lake

Volvo sets goal of 25% recycled plastics in cars from 2025 – Volvo says at least 25 percent of the plastics used in its new cars from 2025 will be from recycled materials, in an anti-pollution plan praised by the United Nations. – Volvo 25% recycled plastics cars

Volvo 25% recycled plastics cars Volvo 25% recycled plastics cars Volvo 25% recycled plastics cars Volvo 25% recycled plastics cars Volvo 25% recycled plastics cars Volvo 25% recycled plastics cars Volvo 25% recycled plastics cars 

Volvo sets goal of 25% recycled plastics in cars from 2025

Volvo  25% recycled plastics cars

Volvo unveiled a specially-built version of its XC60 T8 plug-in hybrid SUV that uses recycled materials.

Photo credit: Volvo

Recycled plastics – such as from fishing nets or old bottles in car dashboards or carpets, would not affect safety or quality, Stuart Templar, director for sustainability at Volvo, told Reuters.

“We think this makes business sense,” he said.

Many big companies are designing products that can be recycled after use to limit pollution. Volvo’s plan goes a step further by building ever more recycled materials into its production lines.

“Volvo Cars is committed to minimizing its global environmental footprint,” Hakan Samuelsson, CEO of Volvo, which is owned by China’s Zhejiang Geely Holding Group, said in a statement.

Volvo said it was in talks with plastics producers to achieve its “ambition that from 2025, at least 25 percent of the plastics used in every newly launched Volvo car will be made from recycled material.”

Volvo sold 570,000 cars last year, with about five percent of plastics in its cars currently made from recycled materials.

Volvo unveiled a test model of its XC60 T8 plug-in hybrid SUV in Gothenburg, Sweden, that it said looks identical to the existing car except that some of its plastic parts were made from recycled materials.

The carpet, for instance, had fibers made from PET plastic bottles, old Volvo car seats were used in sound-absorbing material under the bonnet and fishing nets and ropes were used in the tunnel console – between the passenger and driver seats.

The United Nations welcomed Volvo’s plan. More than eight million tons of plastics end up in the oceans every year, threatening marine life from fish stocks to coral reefs.

“As far as we are aware this is a first attempt to source waste as a raw material for a new vehicle,” Erik Solheim, head of the U.N. Environment Program in Nairobi, told Reuters.

“We need to see a situation in which plastic waste begins to have more value and the processes to transform it into something new will also advance,” he said.

In 2017, Volvo said that it would electrify all new cars launched after 2019. Last month it said its aim was that fully electric cars would make up half of its global sales by 2025.

Contact Automotive News

Kenyan manufacturers and PET Recycling Company partner for waste management -PET Recycling Company Ltd (PETCO) has partnered with Kenyan manufacturers in order to improve the collection, sorting, and recycling of plastic bottles – Kenyan manufacturers PET Recycling Company waste management

Kenyan manufacturers PET Recycling Company waste management Kenyan manufacturers PET Recycling Company waste management   Kenyan manufacturers PET Recycling Company waste management   Kenyan manufacturers PET Recycling Company waste management   Kenyan manufacturers PET Recycling Company waste management  

Kenyan manufacturers and PET Recycling Company partner for waste management

Sophie Chapman – Leadership 

 Kenyan manufacturers PET Recycling Company waste management PET Recycling Company Ltd (PETCO) has partnered with Kenyan manufacturers in order to improve the collection, sorting, and recycling of plastic bottles.

The waste management project features companies such as Coca-Cola and Unilever implemented new marketing that follows new environmental laws.

The project follows Kenya’s National Environment Management Authority (NEMA) ban on the manufacturing and use of plastic bottles in April.

Prior to the implementation of the ban, manufacturers were advised to install plastic bottle collection points across the nation.

“Tonnes of polyethylene terephthalate (PET) are sold annually in Kenya and used to make beverage, food and other packaging material,” remarked John Waithaka, PETCO’s Chairman.

“There is a strong case for recycling since polyethylene terephthalate has fully recyclable synthetic fibres, with polymer chains that can be recovered for use in the manufacture of new products.”

PETCO has set the target of achieving 25% recovery and recycling in Kenya by the end of 2018, and 70% by 2030.

SEE ALSO:

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-Closed Loop PET Bottle Recycling Demonstrations from AMUT & EREMA – AMUT and EREMA are inviting guests to watch washed post-consumer PET bottle flakes being recycled in a closed material loop process from 28 to 31 May 2018 at the AMUT headquarters in Novara, Italu – Closed Loop PET Bottle Recycling AMUT & EREMA

-Erema are joining forces to progress PET recycling – Erema PET recycling

China tariffs could halt surging US crude oil exports to a huge growth market -Beijing on Friday announced plans to slap a 25 percent duty on U.S. crude oil in response to President Donald Trump’s decision to hit $50 billion in Chinese goods with an equivalent tariff – China tariffs USA crude oil

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China tariffs could halt surging US crude oil exports to a huge growth market

  • China announced plans to slap a 25-percent tariff on U.S. crude oil in retaliation for American duties on Chinese goods.
  • China has become one of the biggest markets for U.S. crude after the United states lifted a 40-year export ban in 2015.
  • The loss of the Chinese market would likely drive down prices for American oil producers and put pressure on the balance sheets of U.S. drillers.
Tom DiChristopher | 

 China tariffs USA crude oil

Eddie Seal | Bloomberg | Getty Images
The Eagle Ford crude oil tanker sails out of the the NuStar Energy dock at the Port of Corpus Christi in Corpus Christi, Texas, U.S., on Thursday, Jan. 7, 2016.

The escalating trade war between China and the United States threatens to halt surging U.S. crude oil exports to China, which has become the biggest Asian market for American drillers over the last 2½ years.

Beijing on Friday announced plans to slap a 25 percent duty on U.S. crude oil in response to President Donald Trump‘s decision to hit $50 billion in Chinese goods with an equivalent tariff.

The impact on overall U.S. crude oil exports could be muted in the near-term, provided drillers are able to find other buyers. But if the standoff persists, it could destroy a huge source of future demand growth, drive down the cost of U.S. crude and weigh on the balance sheets of America’s shale drillers.

China is now surpassing Canada as the biggest purchaser of U.S. crude in some months. Shortly after the U.S. lifted the 40-year ban on crude exports in 2015, China went from not buying a single barrel of American crude to consuming a record 448,000 barrels a day last October.

Chinese companies spent nearly $2 billion to import American crude oil in the first quarter of the year, according to S&P Global Platts.

While Canada has long provided a steady market for U.S. crude, China’s purchases have been growing, and the country has capacity to buy even more, said Matt Smith, director of commodity research at tanker-tracking firm ClipperData.

“If [the sanctions] get applied, then it means that we’re going to see U.S. supplies to its largest market being cut,” Smith told CNBC.

China, Europe and other regions have been buying so much American oil largely because it has been trading at a steep discount to international benchmarks like Brent crude. Weekly shipments are now regularly surpassing 2 million barrels a day.

But with U.S. West Texas Intermediate crude trading at nearly $66 a barrel, the Chinese tariffs would tack an additional $16 to $17 onto the cost, said Suresh Sivanandam, senior manager for Asia refining at energy research firm Wood Mackenzie. That would more than wipe out U.S. crude’s current $9.50 discount to Brent crude, so American oil would no longer be competitive.

“A 25-percent tariff is a huge number,” Sivanandam said. “The discount has to be nearly double for it to make sense for China” to import U.S. crude, factoring in shipping costs.

It’s possible that overall U.S. crude exports could remain stable immediately after Chinese demand dries up, said Sivanandam. That’s because Chinese buyers would turn to other countries for the kind of medium sour and light crude grades that they previously purchased from the United States. American companies would then have an opportunity to supply markets that lost barrels to Chinese buyers.

However, American drillers stand to miss out on growing Chinese demand if the tariffs remained in place. Wood Mackenzie projects that U.S. crude exports to China could double through 2023 in a free trade environment, but the tariffs mean shipments could fall short of that forecast.

“While China could secure the crude from alternative sources such as West Africa, which has similar quality as the U.S. crude, U.S. would find it hard to find an alternative market that is as big as China,” Wood Mackenzie said in a briefing on Monday.

Other American crude grades from Texas are trading at even steeper discounts to Brent than West Texas Intermediate, as drillers face a shortage of pipeline capacity to accommodate a boom in production from the Permian basin. But the tariffs would also whittle away that advantage, potentially leaving that oil stranded just as drillers work through the bottlenecks next year, according to Smith at ClipperData.

That leaves two likely outcomes for U.S. drillers, neither of which are good. U.S. prices would have to fall even lower relative to foreign crude to make it attractive to Chinese buyers, or American oil would have to sell at a discount in other markets.

“You would see other market players coming in being able to pick that crude up at bargain basement prices,” Smith said.

That could include India, South Korea, Taiwan and Thailand, all of which are emerging as steady buyers.

Trump could benefit in one respect because lower oil prices would keep a lid on the cost of gasoline under his watch. But the Chinese tariffs would hurt the growing U.S. oil industry, a key part of his base, and undermine his goal of narrowing the trade deficit with China.

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