Petrochemicals Synthetic Fabrics Polyamide 28-03-2020

Petrochemicals Synthetic Fabrics Polyamide

-France shortage of recyclates likely as more waste plastic goes to landfill, incineration

France is diverting more of its mixed plastic waste to landfill or incineration because of a drop in man-power at separation and sorting facilities due to coronavirus, sources in the recycled polyethylene terephthalate (R-PET) market said this week.

Regardless of what material is being removed from the recycling stream, the move to incineration or landfill will reduce the amount of post-consumer PET bottles in France.

The majority of sources also agreed that the problem was impacting mixed plastic waste and not just post-consumer PET bottles.

Petrochemicals Synthetic Fabrics Polyamide

-Large oil companies prepare for oil price at USD10 per barrel

Large oil companies were hit by a wave of cost reductions, as oil prices ranged from USD20 to USD30 per barrel, Vesti writes.

On Monday, Royal Dutch Shell said it would cut costs by 20%, or USD5 billion, and also suspend its share buyback plan. The French oil giant Total SA and the Norwegian company Equinor are going to take similar steps.

ExxonMobil and Chevron have suggested that they also cut budgets, with Exxon experiencing particular pressure. Goldman Sachs estimates that Chevron needs a price of USD50 per barrel to cover costs. ExxonMobil needs a price of about USD70.

Large oil companies prepare for oil price at USD10 per barrel

-Germany’s economic sentiment at lowest since reunification

Business sentiment among Germany’s corporates continues to plummet in the wake of the coronavirus pandemic, according to economic research institute Ifo on Wednesday.

The Ifo business climate index tumbled to 86.1 points in March from 96.0 points in February, marking both the steepest since German reunification in 1990 and the lowest value since July 2009.  Petrochemicals Synthetic Fabrics Polyamide

MANUFACTURING TUMBLES

Ifo’s business climate index for the manufacturing sectors has dropped to the lowest level since August 2009 as companies across Germany have reported production curtailments, including in the chemicals-intensive automobile industry.

Petrochemicals Synthetic Fabrics Polyamide

-Transforming Recycled Plastic into Additives for Industrial and Consumer Products

GreenMantra out of Canada is a rapidly growing clean technology company that produces specialty polymer additives from recycled plastics.

With a more increased focus on adding more recycled content to products, it’s becoming very apparent that innovation is required in order to meet these demands.

During the Plastics Recycling Conference, Canadian cleantech company GreenMantra Technologies accepted the Association of Plastics Recyclers (APR) Showcase Award, which is given to companies who have a innovative and potentially game-changing idea to advance the recycling of plastics. Petrochemicals Synthetic Fabrics Polyamide

Petrochemicals Synthetic Fabrics Polyamide

-Plastics recycling challenges could create new openings for aluminium players

The ‘circular economy’ approach has received ever-greater attention amid rising concerns about impacts of carbon emissions and demands from investors and consumers for environmentally sustainable products and business practices. The circular economy approach rethinks the traditional linear ‘take-make-dispose’ economic model and envisions a new model aimed at eliminating waste and minimising use of natural resources—through practices such as reuse, remanufacturing and recycling of materials and products.

We maintain that circular business models can prove just as profitable as linear models for companies in a diverse array of industries. Mining is no exception. To be sure, metals and minerals have been circular for a long time, including being supported by separated-waste collection for many materials. Much packaging, though, is still intended for single-use only—which misses the circular-economy mark. Petrochemicals Synthetic Fabrics Polyamide

Petrochemicals Synthetic Fabrics Polyamide

-Sustainability Push Driving M&A For Plastic Recyclers

Consumer demand and government regulations are prompting global plastic producers to acquire in the space.

A combination of government regulations and consumer pushback against single-use plastic, could bring investors off the sidelines into plastics recycling, sources say.

“We are in the middle of a shift right now,” said Martin Aares, who co-heads the private equity platform of sustainability-focused New York private equity and venture house Closed Loop Partners. Petrochemicals Synthetic Fabrics Polyamide

Sustainability Push Driving M&A For Plastic Recyclers

-Coronavirus is not yet impacting Avantium’s business, but firm is monitoring the situation closely

“In line with Dutch government advice, Avantium has taken the decision to ask its employees, where possible, to work from home until at least 6th April 2020.”

Dutch renewable chemicals company Avantium has not yet seen an impact on its business operations from the global coronavirus outbreak, but has stated that it is closely monitoring the situation. Petrochemicals Synthetic Fabrics Polyamide

It announced the statement in its 2019 financial results.

In its financial statement, Avantium said: “We are closely monitoring the impact of the Covid-19 virus and the consequences of the recent turmoil in the petroleum industry on our business. At present, we have not experienced material negative changes to our business prospects but it is still too early to predict how the next weeks and months will unfold.”

Coronavirus is not yet impacting Avantium’s business, but firm is monitoring the situation closely

-Asian petchems end mixed, oil lower as investors await US jobless claims data

Asian petrochemical shares ended mixed on Thursday while crude oil prices fell as investors await key data on initial jobless claims in the US later in the day.

The widely-watched initial jobless claims data would give a clearer picture on the state of the world’s largest economy following the coronavirus outbreak, which has now infected close to 500,00 people globally, with the number of deaths exceeding 20,000.

News that US Senate and White House leaders finally reaching an agreement on a $2 trillion stimulus package on Thursday failed to sway investors as fears of the global coronavirus pandemic continued to weigh on sentiment. Petrochemicals Synthetic Fabrics Polyamide

Asian petchems end mixed, oil lower as investors await US jobless claims data

-European plasticizers market starts to see some companies fall victim to the coronavirus

Both sellers and buyers of plasticizers are starting to feel the ramifications of the coronavirus, as the spread across Europe is impacting both those producing and those downstream, and this is starting to dent the chain.

Further plant closures makes April demand uncertain

Day-by-day decisions

Logistical constraints a concern

Restrictions on both personal and professional lives are wide and varied depending on the location of offices and plants. Petrochemicals Synthetic Fabrics Polyamide

-European plasticizers market starts to see some companies fall victim to the coronavirus

-Coronavirus and oil price war

European chemical producers are now coming under increasing pressure, with manpower shortages linked to the coronavirus impacting operations.

Both sellers and buyers of plasticizers are starting to feel the ramifications of the coronavirus, as the spread across Europe is impacting both those producing and those downstream, and this is starting to dent the chain.

With integrated chemical producers tied into refinery feedstocks, there are fears that lower refinery rates could impact feedstock availability.

On a brighter note, among the current collapse in most chemical markets, there are some spots of stronger demand for chemicals which create products helping to combat the spread of coronavirus. Petrochemicals Synthetic Fabrics Polyamide

Coronavirus and oil price war

-Meraxis expands regranulate portfolio for film applications

The global polymer trading group Meraxis has expanded its recycling division to include regranulates from post-industrial sources (PIR) and post-consumer sources (PCI).

The products are used for film applications in the packaging industry, for sacks and bags, and for construction and agricultural films, among other things.

Elmar Schröter, Executive Director Recycling Materials, Compounds and New Business Development, said: “With our PIR- and PCR-based regranulate solutions, we offer first-class recycling alternatives for films. The demand for recyclates for film applications is on the rise, especially in the packaging industry. Here, we sense great interest in premium qualities for use in non-food applications.”  Petrochemicals Synthetic Fabrics Polyamide

Meraxis expands regranulate portfolio for film applications

Petrochemicals Synthetic Fabrics Polyamide

Petrochemicals Synthetic Fabrics Polymers 27-03-2020

Petrochemicals Synthetic Fabrics Polymers 27-03-2020

Petrochemicals Synthetic Fabrics Polymers

Crude Oil Prices Trend

Crude Oil Prices Trend 

-ACI Plastics and PreZero invest in Davis-Standard reclaim extruders for sustainable recycling operation

ACI Plastics, a U.S. leader in post-industrial plastics reprocessing, will install two Davis-Standard reclaim extruders at its new South Carolina plant in early 2020 with two more slated for a fourth-quarter installation in California.

The extruders will be used to pelletize scrap materials from the mixed rigid plastics, including the production of PE and PP plastic pellets for re-sale.

The expansion is part of ACI’s partnership with PreZero, a global waste management and recycling firm that invests in new technologies, systems, and processes committed to long-term environmental sustainability. With PreZero’s support, ACI Plastics will expand its footprint for closed-loop sustainable processing of film and rigid plastics to better support customers nationwide.Petrochemicals Synthetic Fabrics Polylactic

Petrochemicals Synthetic Fabrics Polymers

-US nears approval of $2 trillion stimulus bill: Update

The US Senate is set to vote today on a massive stimulus bill that will provide funds to businesses, airlines and workers struggling from the coronavirus outbreak but excludes targeted help for the oil industry.Petrochemicals Synthetic Fabrics Polymers

Congressional leaders negotiated the bipartisan $2 trillion deal in just five days, as the death toll in the US from the outbreak surpassed 700 and shuttered US businesses laid off what some analysts expect could be millions of workers.

The deal would funnel the equivalent of nearly 10pc of US GDP to struggling businesses, states, hospitals and workers through a variety of grants, loans, cash payments and increased government benefits.

Petrochemicals Synthetic Fabrics Polymers

-Zhejiang Zhengkai starts up Chongqing PET plant

Chinese producer Zhejiang Zhengkai’s subsidiary Chongqing Wankai is starting up today its new 600,000 t/yr polyethylene terephthalate (PET) bottle chip plant.

Feedstock purified terephthalic acid and ethylene glycol was fed into the Chongqing plant in southwest China today, with Wankai targeting on-specification production by the end of this month. Petrochemicals Synthetic Fabrics Polymers

The project has a design capacity of 1.2mn t/yr of PET bottle chip, including two 600,000 t/yr production lines. Total investment is 3.6bn yuan ($507mn).

Petrochemicals Synthetic Fabrics Polymers

-India petrochemical trades stalled; force majeure in place at ports amid lockdown

Petrochemical trades in India were disrupted with plants shutting down and ports declaring a force majeure amid a three-week nationwide lockdown meant to contain the spread of the novel coronavirus in the world’s second most populous country.

“Supply chains are a major risk for a country such as India,” ICIS senior Asia analyst John Richardson said. Petrochemicals Synthetic Fabrics Polymers

“For example, as both its ports and petrochemical plants shut down, it may run short of the resins it needs to package food and other daily necessities. Despite big recent capacity expansions, it is still a net polyethylene [PE] importer,” he added.

Petrochemicals Synthetic Fabrics Polymers

-PP recent-months pressure remains with liquidity increasing

Since the Spring Festival, PP spot-futures price spread spiraled higher from around -200yuan/mt to 50yuan/mt, which was profitable for hedgers. However, with the gradual strengthening of the PP spot-futures basis, hedgers started to sell their spot cargoes and market sources increased. Moreover, the destocking progress of upstream was not smooth, thus they had strong willingness to sell goods at relatively lower price and market price had been affected.Petrochemicals Synthetic Fabrics Polymers

After the Spring Festival, because of the high inventory, restricted logistic transportation and financial pressure, upstream offered low intensively to sell goods and PP spot-futures price spread weakened significantly, giving hedgers a better opportunity for arbitrage, and the price spread around -200yuan/mt had attracted a large number of capital arbitrage speculative demand.

Petrochemicals Synthetic Fabrics Polymers

-UK consumer stockpiling lifts R-PET demand

UK recycled polyethylene terephthalate plants remain at high production capacity as order books for the food and beverage packaging markets remain robust.

As consumers stock up on supermarket essentials, including packaged food and bottled water, converters are calling on suppliers of R-PET clear flakes and food-grade pellets for additional volumes.Petrochemicals Synthetic Fabrics Polymers

“We’ve had more calls on material over the weekend than all of February,” one supplier said.

A recycler said bottled water was “flying off the shelves. We’re not seeing any downturn in demand.”

A consumer said they were increasing stock levels from the usual three days of supply to seven days, but were nearing warehouse capacity.

UK consumer stockpiling lifts R-PET demand

-Fortune Business Insights offers global PE market analysis

The global polyethylene market size was valued at $103.49bn (~€95.5bn) in 2018 and is expected to reach $143.30bn by 2026, exhibiting a CAGR of 4.1%, according to a report by Fortune Business insights.Petrochemicals Synthetic Fabrics Polymers

The increasing demand for PE is a key factor driving the global market. The report, titled ‘Polyethylene (PE) Market Size, Share & Industry Analysis, By Type (HDPE, LDPE, LLDPE), By End User (Packaging, Automotive, Infrastructure & Construction, Consumer Goods/Lifestyle, Healthcare & Pharmaceutical, Electrical & Electronics, Agriculture, Others), and Regional Forecast, 2019-2026’, added that the PE market is segmented into HDPE, LDPE, and LLDPE.

Fortune Business Insights offers global PE market analysis

-Klӧckner Pentaplast completes major pharma capacity expansion in Brazil

Klöckner Pentaplast (kp) the market leader in pharmaceutical packaging films, has completed a significant expansion at its Cotia facility in Brazil.

Along with a larger and more sustainable facility, the project gives kp additional coating capacity to better support the rapidly growing South American pharmaceutical market.

The state-of-the-art coating line has increased kp’s local South American coating capacity by over 30 per cent, offering customers high quality, innovative films with shorter lead times. Petrochemicals Synthetic Fabrics Polymers

The added capacity arrives at the right time, as the pharmaceutical blister market continues to grow in PVdC coated products as a cost effective high-barrier packaging solution.

Klӧckner Pentaplast completes major pharma capacity expansion in Brazil

-Green light for plastics and rubber machinery manufacturers

As per the decree of the Italian President of the Council of Ministers (DPCM) issued on Sunday 22 March 2020, Italian manufacturers of plastics and rubber machinery – referring to Ateco code 28.96 – may continue their activity, since they belong to a production chain defined as necessary.Petrochemicals Synthetic Fabrics Polymers

Of course, the Italian trade Association Amaplast underlines that such factories will have to comply with the Protocol (signed on March 24 both by Government and social parties) listing all the measures that hinder and limit the spread of the infection inside and outside the work sites and keeping the safety and the health of people involved in the production cycle as a priority.

Green light for plastics and rubber machinery manufacturers As per the decree of the Italian President of the Council of Ministe

-EUBP raises concerns over biased EASAC report on bio-based and biodegradable plastics

Statements implicitly lead to some very questionable recommendations to EU institutions and citizens

“If we wanted to condense the gist of the report, we could say that EASAC discourages all the innovations that appear in the industrial sector currently dominated by fossil-based plastics”, says François de Bie, Chairman of European Bioplastics (EUBP) in response to the report ‘Packaging plastic in the circular economy’ recently published by the European Academies’ Science Advisory Council (EASAC).Petrochemicals Synthetic Fabrics Polymers

According to EUBP, the statements on bio-based and biodegradable plastics by EASAC implicitly lead to some very questionable recommendations to EU institutions and citizens.

EUBP raises concerns over biased EASAC report on bio-based and biodegradable plastics

Petrochemicals Synthetic Fabrics Polymers

Petrochemicals Synthetic Fabrics Polylactic 26-03-2020

Petrochemicals Synthetic Fabrics Polylactic 26-03-2020

Petrochemicals Synthetic Fabrics Polylactic

Crude Oil Prices Trend 

Crude Oil Prices Trend 

-New, 100% U.S. Sourced Sugarcane Fiber Bowl from Sonoco Answers Demand from Shoppers and Brands for More Sustainable Packaging Options

Natrellis™ package for refrigerated, frozen and prepared foods launching in April with PRIMAL KITCHEN®

Sonoco (NYSE: SON), recently named to Barron’s 100 Most Sustainable Companies, in partnership with Tellus®, a packaging company based in Belle Glade, Fla. and jointly owned by Florida Crystals Corporation and Sugar Cane Growers Cooperative of Florida, today announced the introduction of its first, 100% U.S. sourced, sugarcane-based fiber bowl for refrigerated, frozen and prepared foods.

Branded as Natrellis™, the fiber bowl is dual-ovenable, PFAS-free, and provides an alternative to more traditional rigid plastic packages used by the majority of refrigerated and frozen food products on the market.

Petrochemicals Synthetic Fabrics Polylactic

-Ethanol cutbacks keep pressure on corn prices

Corn futures continue to flirt with contract lows as ethanol producers curb production amid tumbling oil prices.

May corn futures fell by 2¢/bushel today toclose at $3.42/bushel, about 2pc above the contract low reached on 18 March, and they are poised for further price headwinds as demand from ethanol producers wanes. Petrochemicals Synthetic Fabrics Polylactic 

Traders today said ethanol producers have curtailed output to mitigate losses stemming from plunging oil prices. Ethanol producer margins fell further into the red after oil prices plunged following the breakdown in the Opec+ supply negotiations earlier this month.

Ethanol cutbacks keep pressure on corn prices

-China’s LLDPE prices fall to lowest since 2008

Prices of linear low-density polyethylene (LLDPE) film in China have fallen close to a 12-year low on the back of weak demand amid the coronavirus pandemic.

Argus data showed that LLDPE film prices in China, on a midpoint basis, were at $780/t, the lowest since 28 November 2008.

Low crude oil prices are weighing on buying sentiment for polymer resins.

Polymer plants in China are increasing production to 80-90pc after weeks of reduced operations.Petrochemicals Synthetic Fabrics Polylactic 

Petrochemicals Synthetic Fabrics Polylactic

-Direct-spun PSF plants partly operate by futures mode

Affected by the epidemic, the market kept falling after Spring Festival holiday. Especially crude oil price slumped close to $20/b, followed by polyester feedstock.

Direct-spun PSF decreased a bit more slowly, so its cash flow was considerable.

Upon high cash flow of direct-spun PSF, downstream buying interest was thin though the price has declined below 6,000yuan/mt. At present, downstream expected the price to move down to about 5500yuan/mt.Petrochemicals Synthetic Fabrics Polylactic 

However, direct-spun PSF plants did not show strong willingness to undersell with low inventory.

In addition, as crude oil and polyester feedstock rebounded and tended stable, downstream plants more intended to go bottom fishing, but with adequate stocks of raw materials and high spot price, operation by futures mode appeared.

Petrochemicals Synthetic Fabrics Polylactic

-Asia polymers face more weakness as virus cuts demand

Polymer prices in Asia are coming under further pressure because of a lack of resin demand as the region grapples with the coronavirus pandemic.

Polypropylene (PP) and polyethylene (PE) prices have steadily declined since the coronavirus outbreak worsened in January, and the search for a bottom continues.

Spot prices of linear low-density PE (LLDPE) film in China fell close to a 12-year low last week, while PP raffia prices slumped to a four-year low.Petrochemicals Synthetic Fabrics Polylactic 

Argus assessed LLDPE film prices in China at $770-790/t cfr and PP raffia prices at $800-830/t cfr on 19 March.

Petrochemicals Synthetic Fabrics Polylactic

-Coronavirus Pandemic Losses Exceeded Damage from 2008 Financial Crisis

Losses from the coronavirus pandemic have already exceeded the damage from the global financial crisis of 2008 and from the terrorist attacks of September 11, 2001, Interfax reports with reference to an interview with the BBC broadcaster, Jose Angel Gurria, Secretary General of the Organization for Economic Cooperation and Development (OECD)

“Even if there is no global recession, we will get either zero or negative growth in many countries of the world, including the largest.

Because of this, global growth will not only be low this year, but will also be restored for a long time,” Gurria said.Petrochemicals Synthetic Fabrics Polylactic 

-Coronavirus Pandemic Losses Exceeded Damage from 2008 Financial Crisis

-Europe benzene March spot prices crash over 50% since Monday

Europe benzene spot prices for March have halved in value in less than 24 hours on the back of collapsing demand.

March was valued at $150-170/tonne on Tuesday afternoon, which is a $185-190/tonne decrease over values seen on Monday.

April traded earlier at $150/tonne and at $180/tonne, and twice for H1 April at $175/tonne. Petrochemicals Synthetic Fabrics Polylactic 

“Demand in Europe is bad,” a trader said, adding that consumers were selling.

On Monday, benzene for April traded at $300/tonne.

Europe benzene March spot prices crash over 50% since Monday

-EUBP elects new board

European Bioplastics (EUBP), the association representing the interests of the bioplastics industry, has elected a new board with François de Bie of Total Corbion PLA as its chair.

EUBP’s new Vice Chairpersons, Mariagiovanna Vetere (NatureWorks) and Lars Börger (Neste), will lead the association’s continuous support towards achieving a circular economy.Petrochemicals Synthetic Fabrics Polylactic 

De Bie said: “It is a pivotal time for our industry as the European Union is serious in developing from a linear to a circular economy. This provides us with a unique opportunity.

EUBP elects new board

-S&P Global Ratings expects US GDP to contract at least 12% YOY in Q2

Washington — S&P Global Ratings expects US GDP to contract at least 12% year over year in the second quarter due to the impact of the actions taken by the national and local governments and businesses to limit the spread of the coronavirus.

The rating agency’s previous estimate was for a 6% decline in growth.

“It’s now clear that the hit to global economic activity from the measures to slow the spread of the coronavirus pandemic will be massive,” S&P Global Ratings said, warning that downside risks to its forecasts continue to grow.Petrochemicals Synthetic Fabrics Polylactic 

S&P Global Ratings expects US GDP to contract at least 12% YOY in Q2

-Coronavirus, Industry, market

The car market is in free fall, as a result, more and more manufacturers are stopping production. The situation is no different for household appliances, fashion, textiles, construction and all related industries. Petrochemicals Synthetic Fabrics Polylactic

In addition, the staff are reduced to the bone. These are why even without many government decrees, factories are destined to stop.

In general, almost all sectors not related, even indirectly, to food and health, will soon be forced to close. The food producers themselves have difficulties in collecting the products (lack of staff) and in selling them (people prefer canned or long-life products).

Coronavirus Industry Market

UK Liverpool : Empty supermarket shelves

Petrochemicals Synthetic Fabrics Polylactic

Petrochemicals Crude Oil Polylactic 25-03-2020

Petrochemicals Crude Oil Polylactic 23-03-2020

Petrochemicals Crude Oil Polylactic

Petrochemical Plastics Polyethylene Terephthalate Prices

Petrochemicals Crude Oil Polylactic

Crude Oil Prices Trend 

Crude Oil Prices Trend 

-Italy closes everything, a new decree completely stops Italy, only essential services are open ( Italian Languge Only)

Italy stops the whole country. New even more restrictive measures come into force throughout Italy.

The Prime Minister Giuseppe Conte announced it with a direct facebook after a day of meetings and discussions.

A new decree is on the way and will come into force very soon however before the reopening of Monday’s activities.

It will probably be in effect from midnight on Sunday 22 March.

The virus continues to run therefore the country stops as well as in the afternoon Lombardy and Piedmont had already decided to do.

But the closure is less stringent than that of the two worst affected regions.
Stop any activity that is not absolutely essential.

The work must be done exclusively in smart working. Construction sites stop, factories stop. Professional studies stop, but only partially.

-Lower For Longer: COVID-19’s Impact On Crude Oil And Refined Products

The price of crude has dropped to levels that we have not seen in a generation.

The driver for this has been the disagreement between Russia and Saudi Arabia about decreasing production by 1.5 million barrels per day and instead increasing production by about 2 million barrels per day.

The global demand for oil until recently was about 100 million barrels per day. After nearly five years of oversupply, supply had finally come into close agreement with demand.

Petrochemicals Crude Oil Polylactic

-Amcor Develops First 100% Post-Consumer Recycled Clear PET Container

Global packaging company Amcor has just developed and launched a PET container made from 100% post-consumer recycled (PCR) content resin. According to the company, the clear bottles are the first of its kind in the world. They are available in 2 sizes, and were created for Californian multivitamin brand Ritual.

Australian multinational packaging company Amcor recently debuted a new 100% recycled plastic container for Ritual. The clear bottles are available in two sizes, 100 and 150 cubic centimetres, and the first kind to be manufactured using only PCR content resin, most of which derived from PET plastic bottles. Petrochemicals Crude Oil Polylactic

Petrochemicals Crude Oil Polylactic

-Indian buyers source local polymers as rupee declines

Indian converters are turning to locally produced polymers as the coronavirus pandemic is triggering a sharp drop in the rupee.

The rupee stood at 75 against the US dollar on 20 March, a historic low.

Imports of polymers from the Middle East, purchased in US dollars, typically takes up to a month to arrive in India.

Buyers need not worry about shipment delays, when local ports tighten measures, if they source domestic supply. Petrochemicals Crude Oil Polylactic

Petrochemicals Crude Oil Polylactic

-EUBP raises concerns over EASAC report on biobased and biodegradable plastics

European Bioplastics has said that statements in the ‘Packaging plastic in the circular economy’ report by the European Academies’ Science Advisory Council lead to some questionable recommendations to EU institutions and citizens.

EUBP says that the report mainly raises emotional and not science-based arguments while being critical about bioplastics, and gives the idea that biodegradability and durability are properties that cannot coexist.  Petrochemicals Crude Oil Polylactic

Petrochemicals Crude Oil Polylactic

-Europe on course for sharp reduction in power demand

  • Italian demand plummets in week 12
  • Worse-hit regions suggest further falls likely
  • Downside for UK and German prices in lockdown scenario

Power sector demand across key European countries is set for a major slump over the coming weeks as countries scale-up their efforts to tackle the spread of the coronavirus.

Demand in Italy, which has been hit the hardest by the outbreak, has dropped 10% compared to its five-year average for March during the second week of its nationwide lockdown.  Petrochemicals Crude Oil Polylactic

Petrochemicals Crude Oil Polylactic

-PolyOne/Clariant masterbatch deal in doubt amid coronavirus crisis

The worsening coronavirus (Covid-19) crisis and likely recession could jeopardise PolyOne’s deal to acquire Clariant’s masterbatch business for $1.6bn.

In a conference call on Friday, PolyOne CEO Robert Patterson said that the deal includes a “major adverse event clause” (MAC)”, and “we are going to take care, first and foremost, of our investors’ money”.  Petrochemicals Crude Oil Polylactic

Given the “tremendous uncertainty about almost everything” because of the crisis, PolyOne will not proceed with the deal “under any or all circumstance”, he said.

-PolyOne/Clariant masterbatch deal in doubt amid coronavirus crisis

-Microplastics can be Released by Just Opening a Plastic Bottle

Scientists at the University of Newcastle, Australia, have discovered that microplastics are released just by the action of opening a plastic bottle. These findings are significant, given the potential for microplastics to harm the environment as their debated role in human health.

Microplastics Pose a Threat to The Environment and Potentially Human Health

Microplastics pose a significant threat to the health of our marine ecosystems. In the form of tiny fibers, microbeads, and tiny plastic fragments, microplastics have entered the marine environment and studies have shown that they are present in 114 aquatic species, over half of which are consumed by humans. Petrochemicals Crude Oil Polylactic

Microplastics can be Released by Just Opening a Plastic Bottle

-ANDRITZ To Supply A Turnkey Spunlace Line To BCNonwovens, Spain

International technology Group ANDRITZ has received an order from BCNonwovens, Spain, to supply a neXline spunlace line as a turnkey project to meet growing needs from customers globally. The line is scheduled for start-up early in 2021.

This new state-of-the-art line will help BCNonwovens to better serve its customers and position the company for current and changing requirements in the marketplace. Petrochemicals Crude Oil Polylactic

ANDRITZ To Supply A Turnkey Spunlace Line To BCNonwovens, Spain

Petrochemicals Crude Oil Polylactic

Petrochemicals Crude Oil Biofilm 21-03-2020

Petrochemicals Circular Economy Polylactic 24-03-2020

Petrochemicals Circular Economy Polylactic

Crude Oil Prices Trend 

Crude Oil Prices Trend 

-PET packaging flies off the shelves in Europe, defying current challenges

Watch senior editor Caroline Murray discuss the challenges faced by the polyethylene terephthalate  (PET) industry.

Deliveries hampered by difficult logistics

An effective workforce amid health crisis

Recessionary fears may affect ‘peak’ season

Petrochemicals Circular Economy Polylactic

-Monforts Head Of Technical Textiles Jürgen Hanel Outlines The Development Of The Textile Coating Industry

Humans are the only primates without fur to protect themselves from the elements and first used animal skins and furs to shield themselves from either the cold or from UV radiation, depending on where they were in the world. Petrochemicals Crude Oil Polylactic

Over 5,000 years ago, fabrics woven from plant fibres and wool were then developed, bringing many advantages such as their warmth, softness and breathability, as well as UV-shielding, and the development of dyeing gradually gave rise to the concept of fashion.

Petrochemicals Circular Economy Polylactic

-Sarnia’s Auto House Honda PRESENTED BY SARNIA’S AUTO HOUSE HONDA

Imperial Oil scales back maintenance turnaround at Sarnia site

Imperial Oil has reduced the scope of a spring maintenance turnaround at its Sarnia manufacturing site in response to the COVID-19 outbreak.

Imperial Oil has reduced the scope of a spring maintenance turnaround at its Sarnia manufacturing site in response to the COVID-19 outbreak.

That change is expected to significantly reduce the number of contractors and tradespeople working on the site during the turnaround.

The turnarounds used by industry for maintenance and other upgrades at production sites are a major source of work for construction tradespeople in the Sarnia area, which is home to several refineries and chemical plants.

Petrochemicals Circular Economy Polylactic

-DSM HONORS PROFESSOR MARC HILLMYER WITH THE 2020 BRIGHT SCIENCE AWARD IN MATERIALS SCIENCES

Royal DSM, a global science-based company in Nutrition, Health and Sustainable Living, today announces that it has awarded Professor Marc Hillmyer, from the Chemistry Department at the University of Minnesota Twin Cities, with the 2020 Bright Science Award in materials sciences. The jury selected Professor Hillmyer because of the scientific breadth and depth of his work and its relevance to the advancement of bio-based and circular materials.

Over the past few decades, linear economic consumption of material resources has left the world facing a series of defining, complex and interdependent environmental challenges. It’s this concerning landscape that underpins the Bright Science Award in materials sciences. This award is for scientists who have made major contributions to fundamental or applied research in the field of sustainable materials and whose work is instrumental in helping businesses involved in materials industries adopt more sustainable strategic directions.

Petrochemicals Circular Economy Polylactic

-Analysis on impacts of low oil price on spandex industrial chain

Crude oil prices plummeted recently and entered the era of low oil prices. Spandex industrial chain is dominated by spot, and the long industrial chain causes that the impact of low oil prices on cost is slow.

PTMEG faced losses pressure, and the easing effects of crude oil slump on cost was very limited

As prices of BDO and PTMEG were at below the cost line, so the reaction to declining cost may be relatively slow. In addition, the processing routes of BDO and PTMEG were various, and crude oil accounted for a small part of domestic units. Thus, the crude oil plunge is unlikely to put downward pressure on prices in short term.

Petrochemicals Circular Economy Polylactic

-Next Five Years Could be Pivotal for Bioplastics

Plastic pollution is rapidly becoming one of the world’s biggest environmental issues as increasing production of single use plastic products far outweighs the world’s ability to deal with them.

This is particularly visible in African and Asian nations, where trash collection infrastructure is often lacking, although Europe and North America also struggle to collect discarded plastics and recycling rates remain troublingly low.

Most plastics are currently made from petrochemical feedstocks, furthering the world’s dependency on crude oil.  Petrochemicals Crude Oil Polylactic

Despite growing awareness around the problems of plastics, global plastics production is growing, with the recent IDTechEx report, Bioplastics 2020-2025, forecasting plastics to pass 600 million tonnes/661 million tons by 2030.

Petrochemicals Circular Economy Polylactic

-Trinseo launches PULSE ECO Series containing recycled PC

Trinseo has launched a new portfolio of recycled content-containing PC/ABS for automotive applications.

Trinseo’s new PULSE ECO Series contains between 30 and 50 per cent recycled content, combining European-sourced post-industrial recycled (PIR) PC with Trinseo’s virgin MAGNUM ABS.

Developed using Trinseo’s unique PULSE GX technology, the new product family boasts strong technical features, such as superior flow properties, low temperature ductility, a low CO2 footprint and low density, allowing up to three per cent more parts per tonne compared to competitive materials.

Trinseo launches PULSE ECO Series containing recycled PC

-S&P Ratings slashes crude oil forecast for 2020 by $10 per barrel

Demand for jet fuel, which typically accounts for 8 to 10% of global oil supply has had ‘an immediate demand impact’

S&P Ratings slashed its forecast for oil prices by $10 a barrel, citing severe supply-demand imbalance due to the coronavirus outbreak.

The ratings agency lowered its 2020 assumptions for crude commodity benchmarks Brent and West Texas Intermediate to $30 and $25 a barrel, respectively, from previous $40 and $35 a barrel estimates. Price forecasts for 2021 and 2022 remain unchanged, S&P said.

S&P Ratings slashes crude oil forecast for 2020 by $10 per barrel

-Why Japan’s chemical firms still make drugs

They persist in the pharma business, even as chemical companies in the West have mostly exited

In November, the Japanese chemical producer Asahi Kasei agreed to buy the biotech firm Veloxis Pharmaceuticals for $1.3 billion. It was an unusual move by the standards of the international chemical industry. But not for Japan.

Throughout the 1990s and the first decade of the new millennium, Western chemical companies spent much energy on restructuring. A common move was to sell off pharmaceutical operations. This is what Dow, DuPont, and BASF did, as well as now-defunct firms like Rhône-Poulenc and Hoechst. The moves led to the creation of new drug giants, including Aventis (later absorbed by Sanofi) and Novartis.

Why Japan’s chemical firms still make drugs

-Why glass has a bright future – according to a packaging expert

As flexible packaging solutions continue to dominate the headlines in terms of sector growth and market share, what lies ahead for traditional materials such as glass? David Harrison, chief operating officer at the PPMA (Processing and Packaging Machinery Association) Group of Associations, explains why glass packaging still has a bright future.

With constant reports and predictions forecasting the ongoing growth and dominance of flexible packaging, it is easy to see why the outlook for more traditional solutions such as glass may look a little bleak. Indeed, the flexible packaging market is set to grow by 4.9 per cent by the year 2025 to reach a value of the $311.38 billion. And yet, if you look behind these initial headlines, there are positive trends that indicate glass-based packaging solutions still have their place in the global market and will continue to play an important role in the future of packaging.

Why glass has a bright future - according to a packaging expert

Petrochemicals Circular Economy Polylactic

 

Petrochemicals Crude Oil Polylactic 23-03-2020

Oil companies oil price USD10 barrel

Oil companies oil price

Large oil companies prepare for oil price at USD10 per barrel

Oil companies oil price

MOSCOW  – Large oil companies were hit by a wave of cost reductions, as oil prices ranged from USD20 to USD30 per barrel, Vesti writes.

On Monday, Royal Dutch Shell said it would cut costs by 20%, or USD5 billion, and also suspend its share buyback plan. The French oil giant Total SA and the Norwegian company Equinor are going to take similar steps.Oil companies oil price

ExxonMobil and Chevron have suggested that they also cut budgets, with Exxon experiencing particular pressure. Goldman Sachs estimates that Chevron needs a price of USD50 per barrel to cover costs. Oil companies oil price

ExxonMobil needs a price of about USD70.

Large companies are relatively more protected from recession than small and medium-sized shale drillers. They have oil refining assets, which, during a period of declining prices, are usually more efficient than producing ones.

For example, refineries spend less on oil during a recession, while lower prices contribute to increased sales of petroleum products.Oil companies oil price

However, this time, large companies do not have such an airbag. Now is the height of the supply and demand crisis. Oil consumption could fall by 10 million barrels per day or more. It doesn’t matter how cheap the oil is. Oil companies oil price

If people do not travel, do not fly on airplanes and their consumption level is limited by the most necessary, there will be no growth in demand even against the background of low prices. Oil companies oil price

On Monday, Exxon announced that it was cutting production at the Baton Rouge refinery, because of low demand because the tanks were full. Exxon also cut 1,800 contractors. Another major petrochemical project in the Appalachians will also not be able to develop in the near future, as the market situation worsens.

The first round of oil industry spending cuts is obvious. However, the second round begins, notes Goldman Sachs.Oil companies oil price

“It is worth preparing for a decrease in US oil production by 1.4 million barrels per day for five quarters after the second quarter of 2020 amid a decrease in drilling volumes. At the same time, the company’s capital expenditures decreased by 35% in 2020,” writes Goldman Sachs.

However, the budget review is still ongoing. Decrease in expenses, drilling and production volumes may intensify against the background of a more noticeable reduction in capital expenditures. “US oil activity will collapse, oil prices will be well below USD30,” said Raymond James. Oil companies oil price

According to the bank, the initial round of reduction led to the fact that expenses fell 45% below the level of 2019. “Nevertheless, the decline will be much more severe than these initial reductions …

The total amount of capital investment in the United States may fall by more than 65%, and WTI will remain at the level of USD20,” the investment bank concluded.

Rystad Energy delivered a similar assessment on Monday. Oil exploration and production companies may reduce approved projects to USD131 billion, or about 68% year on year, according to a company based in Oslo.

“Mining companies will need to carefully analyze their cost levels and investment plans to counter the financial impact of lower prices and demand. Companies have already begun to cut annual capital expenditures for 2020,” notes Odun Martinsen of Rystad Energy.

No one knows how low the price of WTI and Brent can be. But several analysts have already noted that overcrowded storages may become the cause of a possible fall in prices. “No one can be sure that production will be quickly reduced without impairing our ability to store oil,” a JBC Energy note said.Oil companies oil price

The firm had in mind reductions in refineries, such as the Exxon Baton Rouge plant, as they ran out of stock. “In such circumstances, Brent could briefly reach $ 10 per barrel, as it was in 1986 or 1998,” concludes JBC.

Earlier it was reported that Russian oil companies, while maintaining current low oil prices, will be forced to overestimate new projects and may reduce investment in the least profitable fields. Against the background of the price war with Saudi Arabia and the influence of coronavirus, the price of the Russian Urals variety fell to the lowest level since 2002, less than USD19 per barrel, and the discount to Brent increased to USD4 per barrel.

mrcplast.ru

Author:Anna Larionova

Oil companies oil price

Petrochemicals Synthetic Fabrics Polyamide 28-03-2020

Oil Prices Face Shaky Outlook

 

Coronavirus Pandemic Losses 2008 Financial Crisis

Coronavirus Pandemic Losses

Coronavirus Pandemic Losses Exceeded Damage from 2008 Financial Crisis

Coronavirus Pandemic Losses

MOSCOW – Losses from the coronavirus pandemic have already exceeded the damage from the global financial crisis of 2008 and from the terrorist attacks of September 11, 2001, Interfax reports with reference to an interview with the BBC broadcaster, Jose Angel Gurria, Secretary General of the Organization for Economic Cooperation and Development (OECD) .

“Even if there is no global recession, we will get either zero or negative growth in many countries of the world, including the largest. Because of this, global growth will not only be low this year, but will also be restored for a long time,” Gurria said.

“We don’t know how much money will be needed to fight unemployment – because we don’t know how many people will lose their jobs. And we don’t know how much it will take to reanimate hundreds of thousands of medium and small enterprises that have already suffered,” the head of the OECD believes. Coronavirus Pandemic Losses

Earlier it was reported that the remaining car factories are closing in Europe due to the coronavirus pandemic. So, Volvo Cars closed its Belgian factory in Ghent due to the coronavirus pandemic, becoming one of the last automakers to resort to this measure.

Previously, the suspension of production in Europe due to the coronavirus was announced by Volkswagen AG, Daimler, Ford, Fiat Chrysler Automobiles, PSA Group, as well as Renault. It was also reported that Volkswagen will reduce production of the Skoda Rapid model at the plant in Kaluga due to lack of components.Coronavirus Pandemic Losses

The OECD, established in 1948, is one of the leading international economic organizations in the world. It unites 36 developed countries, including most of the EU countries.

mrcplast.ru

Author: Anna Larionova

Coronavirus Pandemic Losses

Petrochemicals Synthetic Fabrics Polylactic 26-03-2020

US may become next centre of coronavirus pandemic, says WHO

Coronavirus Industry Market Recession Crisis

Coronavirus Industry Market

Coronavirus, Industry, market

Coronavirus Industry Market

UK Liverpool : Empty supermarket shelves

The car market is in free fall, as a result, more and more manufacturers are stopping production. The situation is no different for household appliances, fashion, textiles, construction and all related industries.

In addition, the staff are reduced to the bone. These are why even without many government decrees, factories are destined to stop. Coronavirus Industry Market

In general, almost all sectors not related, even indirectly, to food and health, will soon be forced to close. The food producers themselves have difficulties in collecting the products (lack of staff) and in selling them (people prefer canned or long-life products).

Sellers cannot travel, meet customers. Portfolio orders are subject to postponements or cancellations. The warehouses are full of finished product made with raw materials 30/40% more expensive than the current market, therefore unsaleable unless substantial losses. Coronavirus Industry Market

Customers ask for payment extensions  or they don’t pay at all. Even those who have prospects to be able to produce cannot obtain credit from the banks for the purchase of raw materials.

Lenders prefer to direct the liquidity made available by the ECB and the FED in government securities or financial transactions (purchases of shares or finance  for the purchase large groups at clearance prices).Coronavirus Industry Market

In recycling, mountains of plastic and paper begin to amass.

Now in ,the UK, it seems to be experiencing the scenario previously envisaged in the event of a hard BREXIT: empty supermarket shelves, no meat, flour, pasta .. even fruit juices are applying quotas.

China is starting up again, but without strong support for domestic consumption there will be difficulties in returning to the regime.

In the petrochemical sector there is the possibility that the plants and spare parts for the world oil industry will become a Chinese exclusive, given that many western producers have closed their doors.Coronavirus Industry Market

This situation may no longer be reversible.

Author : Bronx

Petrochemicals Synthetic Fabrics Polylactic 26-03-2020

Europe faces coronavirus choice: to close economy or not

Petrochemicals Crude Oil Polylactic 25-03-2020

Petrochemicals Crude Oil Polylactic

Crude Oil Prices Trend

Crude Oil Prices Trend

-Oerlikon bags orders for MMF production solutions

Oerlikon has received orders for manmade fibres production solutions from three of the world’s leading manmade fibres manufacturers. All three companies are based in China and have been key customers of Oerlikon. The orders are for Oerlikon Barmag’s world leading filament-spinning technology for the highly efficient production of polyester fibres.

The three projects have a total value of more than CHF 600 million (EUR 565 million). A very small proportion of these projects will be recognized in Oerlikon Group’s order intake in 2020, and the majority will be accounted for in 2021 and 2022. On-site delivery and installation of these systems is planned for the period from 2021 to early

Petrochemicals Crude Oil Polylactic

Global melt-blown nonwovens market – CAGR of 7.6%

The demand for face masks has witnessed a large increase since the outbreak of the coronavirus infection (COVID-19) , on the other side markets shows a deep shortage in melt blown fabrics supplies.  Petrochemicals Crude Oil Polylactic 

According to Zion Market Research,the global melt-blown nonwovens market was valued approximately USD 7,263 million in 2018 and is expected to reach approximately USD 13,009 million by 2026, at a CAGR of around 7.6% between 2019 and 2026.
Petrochemicals Crude Oil Polylactic

-Avantium : Ray Technology™

Our Ray Technology™ is a highly efficient process that converts plant-based sugars into glycols, which are important chemical building blocks for the polyester value chain. Avantium is scaling up its Ray Technology™ and the demonstration plant in Delfzijl, the Netherlands opened on November 7, 2019.Petrochemicals Crude Oil Polylactic 

A bright step to the future

Avantium’s Ray Technology™ is a highly efficient one-step hydro-genolysis process to produce mono-ethylene glycol (MEG) from plant-based industrial sugars.

Petrochemicals Crude Oil Polylactic

-China’s PP raffia prices hit four-year low

Polypropylene (PP) raffia prices in China have slumped to a four-year low as demand continues to decline amid the coronavirus pandemic.

PP raffia prices in China on a midpoint basis were at $815/t cfr, the lowest level since 24 February 2016, according to Argus data.

Feedstock propylene prices in Asia have been under pressure in recent weeks because of weak derivative demand. Petrochemicals Crude Oil Polylactic 

Propylene prices in northeast Asia were at $670-720/t cfr on 18 March, down by $30/t from the previous week.

Petrochemicals Crude Oil Polylactic

-Trump’s Ultimate Weapon To End The Oil War

U.S. President Donald Trump is facing increasing calls from some U.S. senators and congressmen to pressure Saudi Arabia into ending the oil price war, with one of his own Republican party – Senator Kevin Cramer – last week urging him to impose an embargo on oil imports from Saudi Arabia, Russia and other OPEC nations.

It is not because the U.S. shale producers cannot deal with a much lower sustained oil price environment as they can.

It is because in order to cope with this environment, capital expenditure will have to be trimmed back to the sorts of ratios seen the last time that the Saudis tried the same thing from 2014 to 2016. Petrochemicals Crude Oil Polylactic 

Petrochemicals Crude Oil Polylactic

-News from the world of fashion: Italian luxury is preparing to face the crisis (Italian Language Only)

FASHION AND TEXTILE also face a moment of uncertainty without precedents.

An analysisof the first data that tell the impact of the coronavirus on luxury brands in the world.
With over 80% of shopping centers and supermarkets reopened in Beijing, Shanghai and Guangzhou and Chengdu, China, “the” market par excellence for the Italian luxury industry, tries to start again. A research by JP Morgan predicts that the Chinese economy will increase by 15% between April and June compared to the previous three months: and 45% of the luxury goods produced in the world are consumed here.
THE NEW FASHION CALENDAR Petrochemicals Crude Oil Polylactic 
The Italian fashion houses have instead canceled any presentation planned for the cruise collections in North America, Dubai and Japan, and together the cancellations rain at the participation of any fair event. The presentation of Giorgio Armani, scheduled for 19 to 20 April in Dubai, is postponed in October: in any case it will no longer include the cruise collection. Versace and Gucci both canceled their shows in the United States, originally scheduled for May.

-Sustainability partnership invests in Davis-Standard reclaim extruders

ACI Plastics, a US-based post-industrial plastics reprocessing business, will install two Davis-Standard reclaim extruders at its South Carolina plant in early 2020.

Two more are scheduled for installation in its California plant later this year. The extruders will be used to pelletise scrap materials from mixed rigid plastics, including the production of PE and PP pellets for re-sale.Petrochemicals Crude Oil Polylactic 

The expansion is part of ACI’s partnership with PreZero, a global waste management and recycling firm committed to long-term environmental sustainability. With PreZero’s support, ACI Plastics will expand its footprint for closed-loop sustainable processing of film and rigid plastics to better support customers.

Sustainability partnership invests in Davis-Standard reclaim extruders

-Built to last: Lego could take up to 1,300 years to decompose

One of the world’s most enduring toys lasts longer than even its makers intended.

Lego, scientists have found, could take 1,300 years to decompose.

Researchers testing Lego retrieved during beach clean-ups found its tough plastic bricks in great condition despite decades of wear and tear from constant exposure to water, sunlight and abrasive sands and stones. Petrochemicals Crude Oil Polylactic 

The Lego tested could be dated to the 1970s because the bricks contained certain chemical colourants outlawed after that time.

Built to last: Lego could take up to 1,300 years to decompose One of the world's most enduring toys lasts longer than even its makers

-Plant-based plastic biodegrades in the ocean

Whether it’s entangling marine animals, clogging their guts when they eat it, or forming giant floating “garbage patches,” oceanic plastic waste is a huge problem. There may be new hope however, in the form of what is claimed to be a better type of marine-biodegradable plastic. Petrochemicals Crude Oil Polylactic 

First of all, various groups have already developed plastics that harmlessly biodegrade in the ocean environment. According to Japan’s Osaka University, however, these have three main drawbacks: they’re of inferior quality to conventional plastics, they cost over twice as much to produce, and they can only be manufactured in relatively small amounts.

Plant-based plastic biodegrades in the ocean

-Indorama Ventures Aims To Recycle 50 Billion PET Beverage Bottles Per Year By 2025

Indorama Ventures Public Company Limited (IVL), a global company listed in Thailand has recycled 50 billion PET bottles since 2011. The equivalent of over 200,000 elephants in weight. This major global recycling milestone saved three million barrels of crude oil and eliminated 1.65 million tons of carbon. The company has committed US$ 1.5 billion to deliver more recycling infrastructure globally. Petrochemicals Crude Oil Polylactic 

Mr. Yashovardhan Lohia, Chief Recycling Officer at Indorama Ventures said, “Today we recycled our 50 billionth PET bottle, since we started in 2011. As a Thai company, we are very proud to achieve this major global recycling milestone. We want to go further because we know PET is fully recyclable and uses less energy and water to produce than alternative beverage packaging. In five years’ time we aim to recycle 50 billion bottles a year.

Indorama Ventures Aims To Recycle 50 Billion PET Beverage Bottles Per Year By 2025

Petrochemicals Crude Oil Polylactic

Petrochemicals Circular Economy Polylactic 24-03-2020

Petrochemical Plastics Polyethylene Terephthalate Prices

Petrochemical Plastics Polyethylene Terephthalate

Petrochemical Plastics Polyethylene Terephthalate

Polyestertime
ITEM16/03/202023/03/2020+/-
Bottle grade PET chips domestic market5,600 yuan/ton5,325 yuan/ton-275
Bottle grade PET chips export market740 $/ton700 $/ton-40
Filament grade Semidull chips domestic market

Petrochemical Plastics Polyethylene Terephthalate

5,200 yuan/ton4,675 yuan/ton-525
Filament grade Bright chips domestic market5,300 yuan/ton4,800 yuan/ton-500
Pure Terephthalic Acid PTA domestic market3,700 yuan/ton3,280 yuan/ton-420
Pure Terephthalic Acid PTA export market
470 $/ton 435 $/ton-35
Monoethyleneglycol MEG domestic market3,880 yuan/ton3,450 yuan/ton-430
Monoethyleneglycol MEG export market465 $/ton408 $/ton-57
Paraxylene PX FOB  Taiwan market611 $/ton532 $/ton-79
Paraxylene PX FOB  Korea market593 $/ton514 $/ton-79
Paraxylene PX FOB EU market

Petrochemical Plastics Polyethylene Terephthalate

535 $/ton472 $/ton-63
Polyester filament POY 150D/48F domestic market6,200 yuan/ton5,600 yuan/ton
-600
Recycled Polyester filament POY  domestic market6,300 yuan/ton6,050 yuan/ton-250
Polyester filament DTY 150D/48 F domestic market8,150 yuan/ton7,700 yuan/ton-450
Polyester filament FDY 68D24F domestic market 7,000 yuan/ton6,850 yuan/ton-150
Polyester filament FDY 150D/96F domestic market
Petrochemical Plastics Polyethylene Terephthalate
6,700yuan/ton6,200 yuan/ton-500
Polyester staple fiber 1.4D 38mm domestic market6,180 yuan/ton5,900 yuan/ton-280
Caprolactam CPL domestic market9,400 yuan/ton8,500 yuan/ton
-900
Caprolactam CPL overseas  market1,165 $/ton1,100 $/ton-65
Nylon6 chips overseas  market1,500 $/ton1,420 $/ton-80
Nylon6 chips conventional spinning domestic  market10,750 yuan/ton10,000 yuan/ton-750
Nylon6 chips  high speed spinning domestic  market10.700 yuan/ton10.000 yuan/ton-700
Nylon 6.6 chips domestic  market22,350 yuan/ton22,000 yuan/ton-350
Nylon6 Filament POY 86D/24F domestic  market

Petrochemical Plastics Polyethylene Terephthalate

13,100 yuan/ton12,600 yuan/ton-500
Nylon6 Filament DTY 70D/24F domestic  market16,100 yuan/ton15,700 yuan/ton-400
Nylon6 Filament FDY  70D/24F  domestic  market14,200 yuan/ton13,800 yuan/ton-400
Spandex 20D  domestic  market36,500 yuan/ton36,500 yuan/ton
Spandex 30D  domestic  market35,000 yuan/ton35,000 yuan/ton
Spandex 40D  domestic  market29,500 yuan/ton29,500 yuan/ton
Adipic Acid domestic market7,450 yuan/ton7,200 yuan/ton-250
Benzene domestic market4,500 yuan/ton3,650 yuan/ton-850
Benzene overseas  market520 $/ton423 $/ton
-97
Ethylene South East market600 $/ton530 $/ton-70
Ethylene NWE  market713 $/ton588 $/ton-25
Acrylonitrile ACN  domestic market8,000 yuan/ton8,000 yuan/ton
Acrylonitrile ACN  overseas market1,200 $/ton1,150 $/ton-50
Acrylic staple fiber ASF  domestic market14,200 yuan/ton13,600 yuan/ton-600
Viscose Staple Fiber VSF  domestic market9,300 yuan/ton9,300 yuan/ton
PP Powder domestic market6,900 yuan/ton6,350 yuan/ton-550
Naphtha overseas market 

Petrochemical Plastics Polyethylene Terephthalate

308 $/ton252 $/ton
-56
Phenol domestic market 6,450 yuan/ton6,250 yuan/ton-200
PS Taiwan 5250 GPPS1,000 $/ton 970 $/ton-30
PS Taiwan 8250 HIPS1,110 $/ton 1,090 $/ton-20
LDPE CFR Far East 862 $/ton852 $/ton-10
LLDPE CFR Far East792 $/ton772 $/ton-20
LDPE   FOB Middle East852 $/ton842 $/ton-10
LLDPE FOB Middle East782 $/ton762 $/ton-20
HDPE CFR Far East792 $/ton762 $/ton-30
LDPE FD Northwest Europe 943 €/ton943 €/ton-
LLDPE FD Northwest Europe 913 €/ton913 €/ton
Homopolymer PP CFR Far East845 $/ton820 $/ton-25
Homopolymer PP FD NWE991 €/ton971 €/ton-20

 

Petrochemical Plastics Polyethylene Terephthalate

Petrochemicals Crude Oil Biofilm 21-03-2020

Petrochemicals Crude Oil Biofilm

-Clariant and Floreon enter high-performance biopolymer collaboration

Clariant’s Additives business and UK-based Floreon-Transforming Packaging Limited have announced a collaboration to extend the performance properties and market potential of biopolymers, whilst preserving their environmental benefits.

The collaboration aims to access additional possibilities for plastic manufacturers and brand-owners to consider biopolymers as a viable, low-carbon footprint alternative to fossil-based plastics for both single-use and durable applications.

Petrochemicals Crude Oil Biofilm

-Different approach to safe plastics recycling needed: EUBP

European Bioplastics (EUBP) has offered its broad support to the European Commission’s (EC’s) new Circular Economy Action Plan (nCEAP), but has voiced concerns over measures around the safe recycling of plastics.  Petrochemicals Crude Oil Biofilm

EUBP said the nCEAP was an “ambitious step forward to transform Europe into a circular economy”, but added it would prefer a different approach to ongoing and planned initiatives for plastics – notably, those used in packaging.

Petrochemicals Crude Oil Biofilm

-Coca-Cola, Indorama Ventures ink partnership to build PH’s largest bottle-to-bottle recycling facility

With the shared goal of making a more sustainable future happen today, Coca-Cola Beverages Philippines, Inc. (CCBPI)—the bottling arm of Coca-Cola in the country—and Thailand-headquartered Indorama Ventures have signed a joint-venture agreement to establish PETValue, the largest state-of-the-art, a bottle-to-bottle recycling facility in the Philippines.  Petrochemicals Crude Oil Biofilm

Petrochemicals Crude Oil Biofilm

-Avantium interview: How can the chemicals industry be more sustainable?

We’ve heard polyethylene furanoate described by some as the ‘polyester of the future’, and chemicals company Avantium is very much championing its environmental benefits. Victoria Hattersley spoke to CEO Tom Van Aken about why this is, and the conversation led on to the specific challenges faced by the chemical industry when it comes to adopting more sustainable production models.  Petrochemicals Crude Oil Biofilm

VH: Can you tell me about Avantium’s plants-to-plastics technologies, and the development of PEF as a potential alternative to conventional plastics? What are the unique properties of this material from an environmental standpoint?

Petrochemicals Crude Oil Biofilm

-Ulma packaging welcomes government plans for plastics tax

Ulma Packaging UK has welcomed measures put forward by government to tax plastic packaging that is less than 30% recyclable.

As the company noted, the sector is continually moving toward a more circular economy in plastics, and it believed the latest British legislation will help drive innovation and achieve that goal to deliver tangible positive environmental impacts.

With companies using plastic packaging containing less than 30 per cent recycled content set to be taxed £200 per tonne from April 2022, Ulma added that plastic packaging machinery manufacturers are well-positioned to take the lead in prescribing eco-friendly solutions.  Petrochemicals Crude Oil Biofilm

Ulma packaging welcomes government plans for plastics tax

-Indorama Ventures will complete expansion of TPA and PET production in the USA in 2023

The Thai company Indorama Ventures Ltd (IVL) has announced that its joint venture for the production of purified terephthalic acid (TPA) and polyethylene terephthalate (PET) in Corpus Christi in the United States will be completed in 2023, the company said. .

PET manufacturers DAK Americas, IVL, and Eastern New Century (FENC) completed the acquisition of a PET plant from M&G USA Corp through a Corpus Christi Polymers joint venture in December 2018.  Petrochemicals Crude Oil Biofilm

Indorama Ventures will complete expansion of TPA and PET production in the USA in 2023

-European recycling markets reel from coronavirus

Concerns over the long-term impact of the coronavirus outbreak on key European recycling markets sharply escalated this week following the adoption of further containment measures across the continent. Petrochemicals Crude Oil Biofilm

Sources are particularly worried about limited volumes entering collection systems, logistic disruptions, potential downstream demand losses in non-packaging sectors, buyers abandoning sustainability measures and a reduction in necessary long-term investment.

European recycling markets reel from coronavirus

-US Q2 GDP plunge may reach 8%, crushing chem demand

The US economy could contract by 8% in the second quarter as a result of the disruptions caused by the coronavirus (Covid-19) and the decline in oil prices, the chief economist of the American Chemistry Council (ACC) said in an ICIS webinar on Thursday.

Such a sharp decline in GDP would slow down several petrochemical end markets. ICIS editors highlighted how a downturn could affect major plastics and chemicals, part of a free webinar series ICIS will run through next week. Petrochemicals Crude Oil Biofilm

EFFECTS ON THE GENERAL ECONOMY

The coronavirus started off as a supply shock and is now becoming a demand shock, said Kevin Swift, ACC chief economist. He made his comments during the ICIS webinar, “The Impact of Coronavirus on Chemical and Energy Supply Chains”.

Petrochemicals Crude Oil Biofilm

-MEG prices fall in Asia by 6.08%

Monoethylene glycol (MEG) prices in Asia fell 6.08% on Thursday amid a sharp drop in oil prices and futures in China, ICIS reports. Petrochemicals Crude Oil Biofilm

MEG spot prices fell to USD414-420 per tonne, CFR CMP, which is USD24-30 per tonne lower than the previous day. Monoethylene Glycol MEG Prices

According to market sources, several shipping transactions in the second half of March-April were concluded at a price of USD410-420 per tonne, CFR CMP.

MEG prices fall in Asia by 6.08%

-Lenzing publishes latest Sustainability Report

Just ahead of the ‘Day of Forests’ on 21 March, which the FAO (Food and Agricultural Organization of the United Nations) introduced in the 1970s in response to global deforestation, the Lenzing Group has published its Sustainability Report 2019. This sets out how the company is actively dealing with the global challenges.

Lenzing produces fibres from the renewable raw material wood and is well known among its customers and partners in the global textile and nonwoven fabric industry for the clear position it takes as a sustainable producer. It is no accident that the new report is appearing on the International Day of Forests. Lenzing’s sustainable practices in procurement, especially for wood and pulp, were once again ranked as leading in the 2019 reporting year (Hot Button Report). Petrochemicals Crude Oil Biofilm

Lenzing publishes latest Sustainability Report

Petrochemicals Crude Oil Biofilm

Petrochemicals Crude Oil Covid19 20-03-2020

Indorama Ventures TPA PET production USA

Indorama Ventures TPA PET

Indorama Ventures will complete expansion of TPA and PET production in the USA in 2023

Indorama Ventures TPA PET

MOSCOW  – The Thai company Indorama Ventures Ltd (IVL) has announced that its joint venture for the production of purified terephthalic acid (TPA) and polyethylene terephthalate (PET) in Corpus Christi in the United States will be completed in 2023, the company said.

PET manufacturers DAK Americas, IVL, and Eastern New Century (FENC) completed the acquisition of a PET plant from M&G USA Corp through a Corpus Christi Polymers joint venture in December 2018. Indorama Ventures

The Corpus Christi project is an integrated plant for the production of TPA and PET, which is currently expanding, and when the project is completed, its nominal capacity will be 1.1 million tons and 1.3 million tons per year of PET and TFK, respectively.

According to the ICIS-MRC Price Survey , last week the influence of two opposing trends on the Russian market sharply increased. Indorama Ventures TPA

On the one hand, a sharp increase in the dollar against the ruble puts upward pressure on the value of Russian PET. On the other hand, a decline in Asian quotes has a downward effect; prices dipped last week.

Indorama Ventures PLS is one of the world’s leading manufacturers of PET, TPA, MEG (in the USA), as well as polyester filaments and fibers

mrcplast.ru

Author: Anna Larionova

Indorama Ventures  PET

Petrochemicals Crude Oil Biofilm 21-03-2020

Indorama Ventures Secures Thailand’s First Sustainability-Linked Ninja Loan

Monoethylene Glycol MEG Prices Asia Crude Oil

Monoethylene Glycol MEG Prices

MEG prices fall in Asia by 6.08%

Monoethylene Glycol MEG Prices

MOSCOW  – Monoethylene glycol (MEG) prices in Asia fell 6.08% on Thursday amid a sharp drop in oil prices and futures in China, ICIS reports.

MEG spot prices fell to USD414-420 per tonne, CFR CMP, which is USD24-30 per tonne lower than the previous day. Monoethylene Glycol MEG Prices

According to market sources, several shipping transactions in the second half of March-April were concluded at a price of USD410-420 per tonne, CFR CMP.

Chinese MEG futures declined, which had downward pressure on the spot market.

MEG, along with terephthalic acid (TFA), is one of the main raw materials for the production of polyethylene terephthalate (PET).  MEG Prices

According to the ICIS-MRC Price Review , last week the influence of two opposing trends on the Russian market sharply increased. Monoethylene Glycol Prices

On the one hand, a sharp increase in the dollar against the ruble puts upward pressure on the value of Russian PET.

On the other hand, a decline in Asian quotes has a downward effect; prices dipped last week.

mrcplast.ru

Author: Anna Larionova

Monoethylene Glycol Prices

Petrochemicals Crude Oil Biofilm 21-03-2020

Asia key petrochemical prices hit multi-year lows on crude falls, poor demand

Chinese Bottled Polyethylene Terephthalate prices

Chinese Bottled Polyethylene Terephthalate

Chinese PET prices hit historic lows

Chinese Bottled Polyethylene Terephthalate

MOSCOW – Negotiations on the sale of lots of Chinese brands of bottled polyethylene terephthalate (PET) are currently held at a historically low level – below the level observed in late 2008 and early 2016, ICIS reported.

So, some negotiations are in the range of USD725-730 per tonne, FOB China, since the futures of raw materials – refined terephthalic acid TPA) in China continue to decline.

Spot PET quotes last week amounted to USD725-750 per tonne, FOB China, when upstream prices went down. C

According to the ICIS-MRC Price Survey , last week the influence of two opposing trends on the Russian market sharply increased. On the one hand, a sharp increase in the dollar against the ruble puts upward pressure on the value of Russian PET. On the other hand, a decline in Asian quotes has a downward effect; prices dipped last week.

mrcplast.com

Author:Margarita Volkova

Europe panic buying of PTA, PET products create ‘normal’ demand in extraordinary times

Petrochemicals Crude Oil Covid19 20-03-2020

Petrochemicals Crude Oil Covid19 20-03-2020

Petrochemicals Crude Oil Covid19

Crude Oil Prices Trend

Crude Oil Prices Trend

-Worsening COVID-19 abroad to weigh on polyester export &downstream O/R

The COVID-19 pandemic has been deteriorated overseas, and the total overseas infections have been surpassed those in China now. The latest data was updated here Latest on the novel coronavirus outbreak.

Current polyester polymerization rate has ascended to above 81% with eased COVID-19 pandemic in domestic China and increasing production resumption, and the run rate of fabric mills in Zhejiang and Jiangsu rose to near 70%.

Domestic supply has recovered now, but the spread of COVID-19 continued abroad. Market players paid much attention to the influence on the export of polyester products.

Worsening COVID-19 abroad to weigh on polyester export &downstream O/R

-Manmade Fibers Segment

Long-term project business in China remains stable – Oerlikon wins three large manmade fibers orders in China with a total value of over CHF 600 million

Pfäffikon, Schwyz, Switzerland – March 16, 2020 – Oerlikon has received new large orders for manmade fibers production solutions from three of the world’s leading manmade fibers manufacturers.Petrochemicals Crude Oil Covid19

All three companies are based in China and have been key customers of Oerlikon for many years.

The orders are for Oerlikon Barmag’s world leading filament-spinning technology for the highly efficient production of polyester fibers. The three projects have a total value of more than CHF 600 million (EUR 565 million).

Petrochemicals Crude Oil Covid19

-Abu Dhabi set to ban single-use plastic by 2021

A new policy by The Environment Agency aims to foster a culture of recycling to reduce plastic dependency

A new policy by the nation’s Environment Agency lays out the plan to eliminate use of avoidable single-use plastic and non plastic materials by encouraging community recycling and re-use.  Petrochemicals Crude Oil Covid19

The efforts are part of the government’s ‘Ghadan 21’ programme focused on increasing sustainability alongside accelerating economic development.

Petrochemicals Crude Oil Covid19

-Chinese PET prices hit historic lows

Negotiations on the sale of lots of Chinese brands of bottled polyethylene terephthalate (PET) are currently held at a historically low level – below the level observed in late 2008 and early 2016, ICIS reported.Petrochemicals Crude Oil Covid19

So, some negotiations are in the range of USD725-730 per tonne, FOB China, since the futures of raw materials – refined terephthalic acid TPA) in China continue to decline.

Petrochemicals Crude Oil Covid19

-Weekly Resin Report: After Slow Start, Week Ends with Large Volumes of PE Changing Hands

The spot resin markets were slow most of last week, as many participants retreated to their bunkers, watching the commodity and stock markets erode in epic fashion.

There is no doubt that the severe restriction of non-essential travel, in an attempt to contain the spread of the novel coronavirus, as well as the effective shutdown of public events will have a tremendous impact on the economy and, ultimately, plastics demand, reports the PlasticsExchange in its Market Update.Petrochemicals Crude Oil Covid19

Petrochemicals Crude Oil Covid19

-Volatile Asia-Latin America freights decline, cheaper PET imports have no takers

Freight costs remain volatile as vessels are now transporting goods half full impacted by the coronavirus pandemic that has created logistics nightmares.

As Chinese petrochemical participants partially return to the market scene trying to reduce inventory levels, other parts of the world such as the Americas are seeing increasing numbers of infection posing a big challenge to the shipping industry.

Chinese offers of polyethylene terephthalate (PET) are heard at $800-835/tonne CFR Main Port Pacific Coast of South America. The price declined $125/tonne from offers a week ago at $925/tonne CFR same basis.Petrochemicals Crude Oil Covid19

Petrochemicals Crude Oil Covid19

-ITM and HIGHTEX exhibitions postponed until July

The ITM20 and HIGHTEX20 exhibitions, which were due to take place from 2-6 June, have been postponed. Both shows will now take place from 14-18 July 2020.

The organisers issued the following statement just minutes ago: “ITM 2020 International Textile Machinery Exhibition and HIGHTEX 2020 International Technical Textile & Nonwoven Trade Fair, organized with the partnership of Tüyap Tüm Fuarcılık Yapım A.Ş and Teknik Fuarcılık A.Ş to be held in Istanbul Tüyap Convention and Congress Center this year between June 2-6, have been postponed to 14-18 July 2020, as a result of decisions taken by World Health Organization (WHO) and Turkey – Ministry of Health.”  Petrochemicals Crude Oil Covid19

ITM and HIGHTEX exhibitions postponed until July

-South Korea to enact plastic import restrictions

A large market for U.S. scrap plastic is planning measures to reduce PET imports and increase domestic recycling.

The South Korean government recently announced its plans to restrict scrap PET bottle imports, although some specifics of the policy changes are still in the works.

PET bottle import ban   Petrochemicals Crude Oil Covid19

In a Feb. 5 English language release, the environment ministry framed upcoming import policy changes as a way to bolster recycling within South Korea.

South Korea to enact plastic import restrictions

-‘Made in Turkey’ home textiles sold to 165 countries as exports surge

Turkish-made home textiles were exported to 165 countries in the first two months, as overseas sales surged, according to Uludağ Exporters’ Associations (UİB) data Wednesday.

Sales in January and February surged by 5.76% year-on-year to hit nearly $415 million, up from $392.2 million in the same period of 2019.

Germany, one of the country’s top export markets, took the lead in sales, seeing an increase of 9.2% from $65.2 million to $71.2 million. Petrochemicals Crude Oil Covid19

Made in Turkey’ home textiles sold to 165 countries as exports surge Turkish-made home textiles were exported to 165 countries in the first two m

-RoTac³ tangling unit with comprehensive modifications

major technological changes to Oerlikon Neumag’s RoTac³ tangling unit produce even more efficient BCF yarn tangling.

On the one hand, the tangling nozzle has been flow-optimized, allowing the air pressure to be lowered by approximately 10 percent compared to its predecessor, while maintaining the same knot strength.

Furthermore, the nozzle bearing arrangements have been improved. Consequently, either higher speeds or nozzle rings with greater numbers of holes can be used, generating more knots in the yarn.  Petrochemicals Crude Oil Covid19

RoTac³ tangling unit with comprehensive modifications

Petrochemicals Crude Oil Covid19

Petrochemicals Bioeconomy Coronavirus 19-03-2020

MEGlobal Monoethylene Glycol April MEG contract

MEGlobal Monoethylene Glycol April

MEGlobal lowers April MEG contract price in Asia by USD40 per ton

MEGlobal Monoethylene Glycol April

MOSCOW – MEGlobal, the world leader in the production of monoethylene glycol (MEG) and diethylene glycol (DG), nominated the April MEG contract price for Asia at USD640 per tonne, which is USD40 per tonne lower than March, the press said. company service.

The price was announced on terms of delivery CFR Asia.

Weekly MEG quotes in Asia last week fell 8.14% to the range of USD468-480 per tonne, CFR CMP (main ports of China) after falling crude oil quotes and exacerbating concerns about the slowdown in global demand caused by the outbreak of coronavirus.

It was previously noted that MEGlobal reduced the March MEG contract price for Asia by USD60 per tonne compared to the previous month – to USD680 per tonne, CFR Asia.

MEG, along with terephthalic acid (TFA), is one of the main raw materials for the production of polyethylene terephthalate (PET). MEGlobal Monoethylene Glycol April

According to the ICIS-MRC Price Review , last week the influence of two opposing trends on the Russian market sharply increased. MEGlobal Monoethylene Glycol April

On the one hand, a sharp increase in the dollar against the ruble puts upward pressure on the value of Russian PET. On the other hand, a decline in Asian quotes has a downward effect; prices dipped last week.

Headquartered in Dubai (UAE), MEGlobal is the world leader in the production of monoethylene glycol (MEG) and diethylene glycol (DG). Established in July 2004, MEGlobal currently sells more than 2.5 million tons of DG per year worldwide.

DG is used as a raw material for the production of polyester fibers (clothing and other textile products), polyethylene terephthalate (PET), antifreeze and other industrial products.

MEGlobal is a 100% subsidiary of Equate Petrochemical Company. In December 2015, Dow Chemical closed a deal to sell its stake in MEGlobal to Equate Petrochemical Company as part of a strategy to optimize its equity stake in Kuwaiti joint ventures.

mrcplast.ru

Author:Margarita Volkova

MEGlobal Monoethylene Glycol April

Petrochemicals Bioeconomy Coronavirus 19-03-2020

Monoethylene Glycol Market Report and Price Trend

Petrochemicals Bioeconomy Coronavirus 19-03-2020

Petrochemicals Bioeconomy Coronavirus

Crude Oil Prices Trend

Crude Oil Prices Trend

-MEGlobal lowers April MEG contract price in Asia by USD40 per ton

MEGlobal, the world leader in the production of monoethylene glycol (MEG) and diethylene glycol (DG), nominated the April MEG contract price for Asia at USD640 per tonne, which is USD40 per tonne lower than March, the press said. company service.

The price was announced on terms of delivery CFR Asia.

Weekly MEG quotes in Asia last week fell 8.14% to the range of USD468-480 per tonne, CFR CMP (main ports of China) after falling crude oil quotes and exacerbating concerns about the slowdown in global demand caused by the outbreak of coronavirus.

MEGlobal lowers April MEG contract price in Asia by USD40 per ton

-Coronavirus kills Brexit negotiations — for now

Britain insists the Brexit transition period will not be extended.

Britain and the EU finally gave up hope of holding formal Brexit negotiations amid the unfolding coronavirus crisis.

A U.K. government spokesperson said the two sides “will not formally be convening negotiating work strands tomorrow in the way we did in the previous round” in light of the latest guidance on the disease. Two government officials said there would not be negotiations this week, as previously planned.

Petrochemicals Bioeconomy Coronavirus

-Future of Flexible Packaging According to Covestro

What do deliciously crunchy chips, crisp green salad and fresh roasted coffee beans have in common? Their bags and pouches belong to a quickly growing category known as flexible packaging – currently the most widely used form of packaging worldwide.

Flexible packaging is on the rise. In recent years it has surpassed all other packaging types including rigid plastics, metal, paper and glass.

And for good reason: flexible packaging offers efficient roll-to-roll processing and appealing designs. Its high functionality also extends the shelf life of food while minimizing material usage.  Petrochemicals Bioeconomy Coronavirus

Petrochemicals Bioeconomy Coronavirus

-Using fewer resources, saving water denim industry trends

The top three denim industry trends are to use fewer natural resources and apply closed-loop recycling systems to existing processes; to use water-saving techniques, either to create laser finishes or ecological washes, and dyes of natural origin; and craft textures with rustic air, aesthetics and resistance, but with refined fabrics, according to Tejidos Royo.

The company is capable of dyeing indigo without water, Jose Royo, sales director for emerging countries at the 116-year-old Spanish fabric manufacturer, told Fibre2Fashion in an interview.  Petrochemicals Bioeconomy Coronavirus

Petrochemicals Bioeconomy Coronavirus

-Biffa pledges £1.25 billion green economy investment

Waste management company Biffa has pledged to reduce its CO2 emissions by 50% by 2030 and “unlock” £1.25 billion of investment in UK green economy infrastructure.

The pledge was announced in its long-term sustainability strategy ‘Resourceful, Responsible’, published today (16 March).

The strategy focuses on three areas: building a circular economy, tackling climate change and caring for its employees. Petrochemicals Bioeconomy Coronavirus

Michael Topham, chief executive of Biffa plc, said: “’Resourceful, Responsible’ fully supports our strategic growth plans and long-term vision, defining the important role Biffa can play in delivering more sustainable solutions to help combat the UK’s waste challenge.

Petrochemicals Bioeconomy Coronavirus

-Polyester polymerization rate climbs to 80% under intensive restart

Oil, stock and polyester market all witnessed sharp up-and-down rarely seen before at the beginning of 2020.

The polyester polymerization rate was once below 60% in mid-Feb and has gradually ascended to above 80% in early-Mar after more polyester companies resumed operation, which is not ruled out to rise to near 86% in end-Mar with more plants restarting production.  Petrochemicals Bioeconomy Coronavirus

Polyester polymerization rate climbs to 80% under intensive restart

-Chemicals need to plan for collapse in demand, prolonged downturn – consultant

Chemicals executives must make business plans for a worse case scenario of collapsing demand and a prolonged economic downturn, according to an industry consultant.

Coronavirus has triggered a collapse of global markets at a time when asset values were vastly over-inflated by unprecedented levels of debt, said Paul Hodges, chairman of consultancy International eChem. Petrochemicals Bioeconomy Coronavirus

“The current stock market collapse is a sign that the central banks have lost control of the stock market, just as OPEC has lost control of oil markets,” he said.

Chemicals need to plan for collapse in demand, prolonged downturn – consultant

-OAS and 2-DTech in graphene-plastic compound collaboration agreement

Oxford Advanced Surfaces (OAS), a pioneer and market leader in the surface treatment of polymeric, plastic and composite materials by the application of highly reactive carbene chemistry, has entered into a collaboration agreement with 2-DTech Limited, a subsidiary of Versarien plc.

Graphene molecular grid, graphene atomic structure concept, hexagonal geometric form, nanotechnology background 3d rendering  Petrochemicals Bioeconomy Coronavirus

The aim is to develop a new range of products that incorporate nanomaterials, such as graphene, into OAS’ proprietary Onto chemistry platform to deliver enhanced mechanical performance and improved electrical and thermal conductivity.

OAS and 2-DTech in graphene-plastic compound collaboration agreement

-Swiss innovation meets African promise

Swiss textile machinery companies made a major impact at the inaugural ITME Africa trade show, with 12 member companies from Swissmem (the Swiss Textile Machinery Association) presenting their latest technologies.

The event, staged in the Ethiopian capital Addis Ababa from February 14 to 16, featured more than 170 exhibitors from 15 countries. It was organized by India ITME Society, as an extension of its existing trade shows in India.

Post-show reports from the Swissmem companies indicated a high level of satisfaction with the organization – and the positive impression made by the attractive design of the Swiss Pavilion. The business prospects were also said to be upbeat, with Ethiopia and neighbouring East African countries increasingly viewed as fertile ground for technological and commercial developments in textile production. The region is widely viewed as an emerging option for global apparel sourcing. Petrochemicals Bioeconomy Coronavirus

Swiss innovation meets African promise

-China: Export rebate rates adjustment for some chemicals

China will increase export tax rebates on almost 1,500 products from March 20, the finance ministry said on Tuesday, as the government looks to ease the pressure on companies hit hard by the coronavirus outbreak. The Ministry of Finance said 1,084 products, would have the rebate raised to 13%, while another 380 products will see the rebate rise to 9%. It did not specify the previous rebate rates.

The adjustment won’t have direct impact on benzene. However, the adjustment on downstream derivatives may boost product exports, which is expected to support benzene demand. The rebate of styrene monomer and ethylbenzene would be raised from 10% to 13%.  Petrochemicals Bioeconomy Coronavirus

China: Export rebate rates adjustment for some chemicals

Petrochemicals Bioeconomy Coronavirus

Petrochemicals Bioeconomy Polyolefins 18-03-2020

Asian benzene prices slowdown

Asian benzene prices slowdown

Asian benzene prices hit 11-month low

Asian benzene prices slowdown

MOSCOW – Benzene prices in Asia fell below USD500 per tonne, FOB Korea this week, this is the level that was last observed during the financial crisis in 2008, ICIS reports.

The crude oil market collapsed last week to below USD30 per barrel and has since struggled to gain a foothold.

Fears of a slowdown in global demand due to the spread of supply chains, as well as coronavirus, have put pressure on markets around the world.Asian benzene prices slowdown

According to the latest WHO data, a total of 168,019 people have been confirmed to be infected with 6,610 deaths in 148 countries, areas or territories.

Naphtha, a feedstock for benzene, fell below USD300 per ton, reaching a 17-year low.

At the same time, manufacturing activity in China began to return to a relative norm, and infection with coronavirus seems to have become under control.Asian benzene prices slowdown

Benzene is a raw material for the production of styrene, which, in turn, is the main raw material component for the production of polystyrene (PS).

According to ScanPlast of Market Report, the total estimated consumption of PS and styrene plastics decreased by 10% in January 2020 compared to the same month a year earlier and amounted to 41.42 thousand tons. In the reporting month, the total operating time at the facilities of Russian plants also decreased (by 3%) compared with January a year earlier and amounted to 43.26 thousand tons. Asian benzene prices slowdown

mrcplast.ru

Author:Anna Larionova

Petrochemicals Bioeconomy Bioplastics 17-03-2020

Benzene prices collapse in Asia

Petrochemicals Bioeconomy Polyolefins 18-03-2020

Petrochemicals Bioeconomy Polyolefins

Crude Oil Prices Trend 

Crude Oil Prices Trend 

-Asian benzene prices hit 11-month low

Benzene prices in Asia fell below USD500 per tonne, FOB Korea this week, this is the level that was last observed during the financial crisis in 2008, ICIS reports.

The crude oil market collapsed last week to below USD30 per barrel and has since struggled to gain a foothold.

Fears of a slowdown in global demand due to the spread of supply chains, as well as coronavirus, have put pressure on markets around the world.

According to the latest WHO data, a total of 168,019 people have been confirmed to be infected with 6,610 deaths in 148 countries, areas or territories.

Asian benzene prices hit 11-month low

-Does graphene cause or prevent the corrosion of copper?

Copper has been essential to human technology since its early days–it was even used to make tools and weapons in ancient times. It is widely used even today, especially in electronic devices that require wiring.

But, a challenge with using copper is that its surface oxidizes over time, even under ambient conditions, ultimately leading to its corrosion.Petrochemicals Bioeconomy Polyolefins

And thus, finding a long-term method to protect the exposed surfaces of copper is a valuable goal.

One common way of protecting metal surfaces is by coating them with anti-corrosive substances.

Petrochemicals Bioeconomy Polyolefins

-Plastics industry pays tribute to Dr Roger Storey

Dr Roger Storey, who was the Technical Director of Colloids Limited for 17 years until his retirement, passed away peacefully on 26 February 2020.

A scientist, with extensive technical expertise and knowledge of polymer science, Dr Storey graduated from Brunel University London in 1973, where he read Polymer Technology, and later went on to complete a PhD at the University of Manchester, gaining his doctorate in 1979.Petrochemicals Bioeconomy Polyolefins

Plastics industry pays tribute to Dr Roger Storey

-Spain chemicals plants press on as two-week quarantine kicks off

Petrochemicals and chemicals plants in Spain stepped up safety measures over the weekend as the country entered on Monday morning a two-week state of emergency due to the coronavirus outbreak.

The Spanish chemicals trade group FEIQUE, BASF Spain, and the trade group representing the petrochemicals hub of Tarragona said to ICIS that operations at all plants are running, but strict social distancing measures have been taken.Petrochemicals Bioeconomy Polyolefins

All office-based employees have been sent to work from home.

Petrochemicals Bioeconomy Polyolefins

-Coronavirus impact on energy markets

As the coronavirus spreads around the world and countries implement containment measures, energy supply and demand is being disrupted.

Italian demand was hit in week 11 as authorities enforced measures to slow the spread of the virus. Other European countries like Spain, France and Austria are following suit. These measures are likely to pressure prompt and near curve contracts, particularly as warmer weather also reduces heating demand.Petrochemicals Bioeconomy Polyolefins

The impact that country-wide lockdowns and demand slowdowns will have on energy markets will be evolving every day.

Petrochemicals Bioeconomy Polyolefins

From Haibao Plastics separator : Thank you

-Europe naphtha prices 9% lower, hit pre-financial crash levels

Europe naphtha prices have continued the downwards spiral as crude oil futures touched new lows amid limited relief from the ongoing price war rout and the coronavirus pandemic.

Prices have touched lows not seen since November 2008, before the the financial crisis-induced global recession.Petrochemicals Bioeconomy Polyolefins

European naphtha spot prices fell 9% on Monday afternoon to $238/tonne CIF (cost, insurance, freight) northwest europe (NWE), down from Friday’s close of $260.50/tonne.

Europe naphtha prices 9% lower, hit pre-financial crash levels

-Commission relaunches circular economy action plan

Under its Green Deal, the European Commission has presented a circular (bio)economay action plan that prepares the ground for a sustainable bio-economy.

A main goal of the new Circular Economy Action Plan as a major pillar of the European Green Deal, is sustainable growth.

The new Action Plan aims to strengthen the EU’s competitiveness while protecting natural resources and give new rights to consumers.Petrochemicals Bioeconomy Polyolefins

As resouces are limited, the action is focused on the design and production for a circular bio-based economy, with the aim to ensure that the resources used are kept in the EU economy for as long as possible.

The initiatives therein will be developed with the close involvement of the business and stakeholder community.

Petrochemicals Bioeconomy Polyolefins

-Technologies for Recycling and Biodegrading Plastics

Highlights include strategic partnerships with Nestlé Waters, PepsiCo and Suntory Beverage & Food Europe, which have joined the PET Consortium founded with L’Oréal

Signature of two exclusive agreements with Novozymes, the world leader in enzyme production

First PET bottles made with 100% Purified Terephthalic Acid coming from enzymatically recycled plastic waste   Petrochemicals Bioeconomy Polyolefins

Grant of major patents in the U.S., Europe and Japan

Petrochemicals Bioeconomy Polyolefins

-Fire could hamper Petronas polymer exports

Polymer exports from Malaysia’s state-owned Petronas are expected to be affected after a second fire in 12 months at its new petrochemical facility in Pengerang.

An explosion and fire occurred at the Pengerang integrated complex at around 10.50pm local time (02:50 GMT) on 15 March.

The fire was understood to have affected the refinery’s diesel hydrotreater unit but this could not be independently confirmed.  Petrochemicals Bioeconomy Polyolefins

ire could hamper Petronas polymer exports

-Auto industry turns attention to sustainable interiors

A push to swap out single-use plastics and other unsustainable materials leaves eco-friendly suppliers in a strong position. By Freddie Holmes

The textiles used to upholster a typical vehicle interior weigh around 30kg (65lbs), with seat covers alone accounting for more than 5kg.

Virtually all of those will use textiles will have been produced with non-recyclable synthetic fibres. Petrochemicals Bioeconomy Polyolefins

Auto industry turns attention to sustainable interiors

Petrochemicals Bioeconomy Polyolefins

Petrochemicals Bioeconomy Bioplastics 17-03-2020

Petrochemicals Bioeconomy Bioplastics 17-03-2020

Petrochemicals Bioeconomy Bioplastics

Crude Oil Prices Trend 

Crude Oil Prices Trend 

-HeiQ Viroblock NPJ03 antiviral textile technology tested effective against Coronavirus

HeiQ, winner of the Swiss Technology Award and Swiss Environmental Award, launches HeiQ Viroblock NPJ03, an antiviral and antimicrobial textile treatment that is tested effective against coronavirus.

Since its inception 15 years ago, HeiQ has forged a solid innovation track record helping brands improve textile products. Catalyzed to action by the global fight against Coronavirus, HeiQ launches HeiQ Viroblock NPJ03, an antiviral and antimicrobial textile treatment which is proven effective against human coronavirus (229E) in face mask testing, significantly enhancing the antiviral log reduction from 2.90 of untreated face masks to 4.48, over 99.99% reduction of virus infectivity. (Remarks: a log reduction of 2 is equivalent to 100 times the effectiveness.)

HeiQ Viroblock NPJ03 antiviral textile technology tested effective against Coronavirus

-Conai: “The turning point in the circular economy? You have to invest in plants and culture »  ( Italian Language Only)

Wednesday is the world recycling day. One of those appointments where budgets are usually made: “According to Conai’s first estimates, in 2019 Italy sent 71.2% of packaging waste to recycling”, explains Giorgio Quagliuolo, president of the National Packaging Consortium, which brings together six supply chain consortia: paper, plastic, glass, wood, aluminum and steel. Altogether 800 thousand companies producing and using packaging. “We have far exceeded the European target for 2025 – he explains – which is 65%, and with all our consortia also the supply chain targets, with the exception still of plastic but five years are missing and we will do it”.

So the system works? Yet in March 2019 the EU Court sentenced Italy for 44 landfills out of the norm or adequate late.

“The recovery and recycling of packaging, works. The EU circular economy rules stipulate that by 2035 no more than 10% of waste in general can be disposed of in landfills. Separate collection is needed and waste treatment plants are needed. Italy is divided into two on this: the North has plants for the treatment of all materials, in the South there are few, for example there are none for the wood. The cause is related to the well-known Nimby phenomenon, an acronym for not in my backyard, that is, nothing in my garden. Citizens don’t want plants near their home. ”  Petrochemicals Bioeconomy Bioplastics 

What about politicians?

«Politics most often follows. But the story of zero waste is a fairy tale that does not exist. With current technologies there is always a share of waste that cannot be recycled. But this does not mean that it must end up in landfills. Current waste-to-energy plants can transform that waste into heat and energy. If in Copenhagen, where environmental sensitivity is far more rooted and ancient than ours, they have a waste-to-energy plant on whose roof they ski, it means that there is no danger to health “.

How do you close the circle of the circular economy?

“The circular economy and the integrated waste cycle are resolved with an adequate plant structure. Over 40% of plastic is not recyclable. But it can become a secondary solid waste to feed cement factories with a reduction in emissions compared to pet coke, a product derived from petroleum, currently in use. But rules are needed that allow this use in higher percentages than the current ones “.

Conai: "The turning point in the circular economy? You have to invest in plants and culture »  ( Italian Language Only)

-We now know where most plastic trash goes in the oceans

You’ve probably heard that our oceans have become a plastic soup. But in fact, of all the plastic that enters Earth’s oceans each year, just 1% has been observed floating on the surface.

So where is the rest of it?

This “missing” plastic has been a longstanding scientific question. To date, the search has focused on oceanic gyres such as the Great Pacific Garbage Patch, the water column (the part of the ocean between the surface and the sea bed), the bottom of the ocean, and the stomachs of marine wildlife.

But our new research suggests ocean plastic is being transported back onshore and pushed permanently onto land away from the water’s edge, where it often becomes trapped in vegetation. Petrochemicals Bioeconomy Bioplastics

Petrochemicals Bioeconomy Bioplastics

Physical recycling for unrecyclable Plastic Waste (From Gerald Altnau Managing Director at CreaCycle GmbH)

Physical recycling for unrecyclable Plastic Waste

-Techtextil North America and Texprocess Americas Postponed: Rescheduled For December 15-17, 2020 at the Georgia World Congress Center in Atlanta, Georgia

In light of the worldwide spread of COVID-19 and after heavy analysis in collaboration with event stakeholders, including our partners at ATME-I and co-producers at SPESA, we have collectively decided to postpone Techtextil North America and Texprocess Americas.

Up until this point, we were optimistic that May was far enough away to proceed with the events as planned. Petrochemicals Bioeconomy Bioplastics

However, as the situation has evolved, we feel that we must act in the best interest of our exhibitors, visitors, and the industry overall.

Petrochemicals Bioeconomy Bioplastics

-Sustainability and the Economy

In the circular economy, there is a growing need for durability in product packaging. Not only could a model of packaging reuse help the environment, but, when done right, could also be financially effective for manufacturers.

The term “circular economy” is gaining traction as of late, as people around the world realize the linear economy of take, make, dispose—which for decades has been a mainstream mindset for many people—has created a massive amount of waste that is destroying the environment. Petrochemicals Bioeconomy Bioplastics

The circular economy is a closed-loop system that regenerates resources through reuse, refurbishing, and recycling.

Petrochemicals Bioeconomy Bioplastics

-Lenzing posts 22% drop in 2019 profit, expects further…

Austrian fibres producer Lenzing on Thursday reported a 22% slump in 2019 profit due to a drop in prices and lower standard fibre volumes and said it expects its 2020 results to fall further.

Net profit decreased to 114.9 million euros ($129.8 million) on 3% lower revenues of 2.11 billion euros in 2019, the group said.Petrochemicals Bioeconomy Bioplastics

It said it plans to lower its 2019 dividend to 1 euro per share from 5 euros per share the previous year.

Petrochemicals Bioeconomy Bioplastics

-By Pumping at Will, Saudi Arabia Hurts Oil Investment

It’s just become a lot harder to make long-term investment decisions in the oil industry. And no, I’m not talking about the need to transition to a low-carbon economy, or the backlash from climate activists and investors. Any veneer of certainty about the future path of oil prices has evaporated.Petrochemicals Bioeconomy Bioplastics

This is the second time in six years that Saudi Arabia has embarked on a pump-at-will oil production policy that has hammered prices. Whether it’s aimed at Russia or the U.S. shale sector, producers everywhere — from OPEC members such as Angola to corporate behemoths like Exxon Mobil Corp. — have been warned that they can no longer count on the kingdom to keep a floor under oil prices.

Petrochemicals Bioeconomy Bioplastics

-Poland to embark on EU’s circular economy strategy – new burden or opportunity?

The European Commission has just published the new Circular Economy Action Plan. We believe that – in contrast to its coal-based energy sector – Poland’s starting position for a transition towards a resource-efficient economy is much better than for energy transformation. Petrochemicals Bioeconomy Bioplastics

And the country could become a leader in implementing circular solutions

The European Commission (EC) is firmly sticking to the timeline of the European Green Deal and has just published the new Circular Economy Action Plan.

Petrochemicals Bioeconomy Bioplastics

-Packaging and Covid-19

Once in a while, we’re reminded that all of our plans and aspirations are dependent on basic conditions and assumptions that remain invisible – until they are threatened.

The world has watched the spread of the coronavirus largely in a state of powerless concern.Petrochemicals Bioeconomy Bioplastics

As cases rise in every continent and more and more countries take increasingly drastic measures to control the spread, no one can authoritatively predict the full impact or duration of the Covid-19 pandemic.

What does it mean for packaging and FMCG?

Packaging and Covid-19

-Constantia interview: Addressing the circularity challenge

Tim Sykes talks to Alexander Baumgartner, CEO of Constantia Flexibles, to hear his frank thoughts about how the industry can move forward in the most sustainable manner.

TS: In the flexibles business, there’s always this dichotomy between the focus on packaging waste that we’re seeing very fiercely across Europe and, on the other hand, the resource efficiency and the low carbon footprints that it gives rise to.

Is the current focus on plastic waste maybe created a little bit unfairly by the wider society when you consider the environmental footprint you actually have as a company? Petrochemicals Bioeconomy Bioplastics

Constantia interview: Addressing the circularity challenge

-Brightmark to Host Hiring Fair for Ashley Plant

California-based Brightmark Energy is set to host a career fair for its $260 million plastics-to-fuel plant in the Steuben County town of Ashley. The event, which will run Friday and Saturday, will feature a variety of available salaried and hourly positions at the facility.

The career fair will run from 11 a.m. to 3 p.m. both days at the Ashley Community Center, located at 500 S. Gonser Avenue. Some of the available positions include maintenance, material handlers, team leaders, and process mechanical and chemical engineers, among others. Petrochemicals Bioeconomy Bioplastics

Brightmark to Host Hiring Fair for Ashley Plant California-based Brightmark Energy is set to host a career fair for its $2

-EU Commission targets packaging, plastic in Circular Economy Action Plan

The European Commission has placed packaging and plastic at the heart of its Circular Economy Action Plan, which was unveiled Wednesday.

The plan, part of the European Green Deal, addresses key areas in a bid to drive sustainable growth.

The areas, which include electronics and ICT, batteries and vehicles, packaging, plastics, textiles, construction and buildings, and food, will all have an impact on plastics use in Europe.Petrochemicals Bioeconomy Bioplastics

EU Commission targets packaging, plastic in Circular Economy Action Plan

Petrochemicals Bioeconomy Bioplastics

Petrochemicals Bioeconomy Crude Oil 16-03-2020

Petrochemicals Bioeconomy Crude Oil 16-03-2020

Petrochemicals Bioeconomy Crude Oil

Petrochemical Plastics Monoethyleneglycol Prices

Petrochemicals Bioeconomy Crude Oil

-Crude Oil Prices Trend 

Crude Oil Prices Trend 

-AIMPLAS collaborates in development of antibacterial film

Anti-bacterial film based on essential oils for hospital use

The European FLEXPOL project has developed an innovative antibacterial plastic film using nanoencapsulated essential oils that is more eco-friendly than current hygienic practices and methods. The project involves using this material in hospitals, though this new development may be of interest to other sectors such as the public transport, food, textile, construction, electrical and electronics, and even cattle industries.

Valencia 13 March 2020 – AIMPLAS, the Plastics Technology Centre, has participated in the European FLEXPOL project, whose mission is to develop a new, more eco-friendly material with antimicrobial and antifungal properties to be used in hospitals. This plastic film is designed to cover surfaces that are highly exposed to contact with microbes and to prevent surface proliferation of these organisms by keeping them from adhering. Essential oil encapsulation technologies are therefore being used to obtain a product that is easy to apply and remove.  Petrochemicals Bioeconomy Crude Oil

Petrochemicals Bioeconomy Crude Oil

-Coronavirus restrictions exacerbate crude falls and chemical prices suffer

Travel restrictions, school and business closures and states of emergency do not only slam stock markets and rattle investors, they hit physical trade.

Following the most tumultuous week on global markets at least since the 2008/09 ‘great recession’ it is becoming much clearer that, no matter what actions governments take to combat the spread of the coronavirus Covid-19, the impact of the disease will be strung out over much of this year. It may well persist for years.Petrochemicals Bioeconomy Crude Oil

Extreme stock market volatility is an indicator of just how little we know and how little we can determine with any degree of accuracy about the spread and impact of the virus.

Petrochemicals Bioeconomy Crude Oil

-Malaysia’s Petronas targets Turkey for polymer exports

Malaysia’s state-owned Petronas is offering unbranded polyethylene (PE) and polypropylene (PP) from its Pengerang complex to Turkey, signalling a strategy to diversify beyond China where polymer demand is affected because of the coronavirus outbreak.

Pengerang, a joint venture between Petronas and Saudi Arabia’s state-controlled Saudi Aramco, can produce 750,000 t/yr of PE and 900,000 t/yr of PP.Petrochemicals Bioeconomy Crude Oil

Petrochemicals Bioeconomy Crude Oil

-Bigger Press Opens Opportunities for Molder

Acting quickly, Pittsfield Plastics arms its plant with high-tonnage Haitian press to meet customer demand and open options for more large-part molding projects.

A project initiated by an existing customer prompted injection molder Pittsfield Plastics Engineering LLC (PPE) to boost its large-part molding capability.

Back in November, PPE added a 1204-ton injection machine with a shot capacity of 155.6 oz to its plant in Pittsfield, Mass. PPE’s investment in the Haitian Jupiter III (JU10800 III) from Absolute Haitian is the latest in a series of upgrades the molder has made over the last five years.Petrochemicals Bioeconomy Crude Oil

Petrochemicals Bioeconomy Crude Oil

-Circular economy action plan 2.0: no circular economy without bioeconomy

“European Bioplastics (EUBP) welcomes the new Circular Economy Action Plan (nCEAP). It’s an ambitious step forward to transform Europe into a circular economy,” said François de Bie, Chairman of European Bioplastics.

“As EUBP, we especially endorse the European Commission’s commitment to support the sustainable and circular bio-based sector through the implementation of the Bioeconomy Action Plan,” he added.Petrochemicals Bioeconomy Crude Oil

Circular economy action plan 2.0: no circular economy without bioeconomy

-The Oil Collapse Isn’t Over Yet

Last week, Saudi Arabia threatened to flood the market with oil. This week, it did just that.

Aramco has been ordered to raise output capacity to 13 million bpd (from 12 million bpd), and it’s also going to slash its selling price by $6-$8 per barrel. Aramco will also load 300,000 bpd more for its customers in April, raising exports for the month to 12.3 million bpd.Petrochemicals Bioeconomy Crude Oil

If you thought the market was bad before this, consider that Aramco’s highest known production rate was 11.9 million bpd (back in November of 2018).

The Oil Collapse Isn’t Over Yet

-Prescient Color renames itself as Americhem Polymers

Prescient Color, an Indian producer of high-end colour masterbatches in niche applications such as synthetic fibres, has renamed itself as Americhem Polymers India Private Limited. This change of names comes almost two years after Americhem, an innovative, technology-driven leader in the global polymer industry, acquired the Indian company in June 2018.Petrochemicals Bioeconomy Crude Oil

The acquisition complemented Americhem’s position in the global synthetic fibre market and has expanded its geographic reach in this high growth region. Americhem Polymers India Private Limited has seen tremendous growth since joining Americhem by collaborating with their customers as the global, trusted advisor to shape the future through innovative and sustainable polymer solutions.

Prescient Color renames itself as Americhem Polymers

-PETCO, the PET Recycling Company

PRODUCERS of polyethylene terephthalate (PET) plastic in South Africa realised that collectively addressing their responsibilities with respect to post-consumer waste PET packaging would be more effective and efficient than government-imposed regulation. Thus, PETCO (PET Recycling Company) was established at the end of 2004 as an industry-driven and financed national recycling initiative, based on the concept of Extended Producer Responsibility (EPR), the goal being to capitalise on the expected growth in the market for recycled PET and to act as the vehicle through which the PET industry could self-regulate and co-ordinate its recycling activities.Petrochemicals Bioeconomy Crude Oil

PETCO, the PET Recycling Company

-Nonwovens Industry’s Coronavirus COVID-19 Poll

See how business are being affected by the Coronavirus

News concerning the Coronavirus COVID-19 is changing rapidly. As major events are cancelled, schools closed and travel restrictions put in place across the globe, the use of some nonwoven-based products like face masks and disinfectant wipes are surging.

Many of these products, in fact, are in short supply. Earlier this week, we conducted an anonymous survey of our readership to see how the spread of COVID-19, which was declared a global pandemic on March 11, is affecting their operations.Petrochemicals Bioeconomy Crude Oil

Nonwovens Industry's Coronavirus COVID-19 Poll

-Prepare For Bankruptcies, Layoffs And A Drilling Slowdown

Oil prices have fallen nearly 50 percent since the start of the year and the short-term outlook isn’t looking very promising as OPEC and Russia continue to boost supply.

Prepare For Bankruptcies, Layoffs And A Drilling Slowdown

Petrochemicals Bioeconomy Crude Oil

Petrochemicals Bioproducts Crude Oil 14-03-2020

Petrochemical Plastics Monoethyleneglycol Prices

Petrochemical Plastics Monoethyleneglycol

Petrochemical Plastics Monoethyleneglycol

Polyestertime
ITEM09/03/202016/03/2020+/-
Bottle grade PET chips domestic market5,800 yuan/ton5,600 yuan/ton-200
Bottle grade PET chips export market770 $/ton740 $/ton-30
Filament grade Semidull chips domestic market

Petrochemical Plastics Monoethyleneglycol

5,425 yuan/ton5,200 yuan/ton-225
Filament grade Bright chips domestic market5,525 yuan/ton5,300 yuan/ton-225
Pure Terephthalic Acid PTA domestic market3,690 yuan/ton3,700 yuan/ton+10
Pure Terephthalic Acid PTA export market
490 $/ton 470 $/ton-20
Monoethyleneglycol MEG domestic market3,600 yuan/ton3,880 yuan/ton+280
Monoethyleneglycol MEG export market457 $/ton465 $/ton+8
Paraxylene PX FOB  Taiwan market683 $/ton611 $/ton-72
Paraxylene PX FOB  Korea market665 $/ton593 $/ton-72
Paraxylene PX FOB EU market

Petrochemical Plastics Monoethyleneglycol

611 $/ton535 $/ton-76
Polyester filament POY 150D/48F domestic market6,380 yuan/ton6,200 yuan/ton
-180
Recycled Polyester filament POY  domestic market6,500 yuan/ton6,300 yuan/ton-200
Polyester filament DTY 150D/48 F domestic market8,300 yuan/ton8,150 yuan/ton-150
Polyester filament FDY 68D24F domestic market 7,600 yuan/ton7,300 yuan/ton-300
Polyester filament FDY 150D/96F domestic market
Petrochemical Plastics Monoethyleneglycol
6,950 yuan/ton6,700 yuan/ton-250
Polyester staple fiber 1.4D 38mm domestic market6,350 yuan/ton6,180 yuan/ton-170
Caprolactam CPL domestic market10,000 yuan/ton9,400 yuan/ton
-600
Caprolactam CPL overseas  market1,210 $/ton1,165 $/ton-45
Nylon6 chips overseas  market1,530 $/ton1,500 $/ton-30
Nylon6 chips conventional spinning domestic  market11,200 yuan/ton10,750 yuan/ton-450
Nylon6 chips  high speed spinning domestic  market11,300 yuan/ton10.700 yuan/ton-600
Nylon 6.6 chips domestic  market22,500 yuan/ton22,350 yuan/ton-150
Nylon6 Filament POY 86D/24F domestic  market

Petrochemical Plastics Monoethyleneglycol

13,650 yuan/ton13,100 yuan/ton-550
Nylon6 Filament DTY 70D/24F domestic  market16,600 yuan/ton16,100 yuan/ton-500
Nylon6 Filament FDY  70D/24F  domestic  market14,800 yuan/ton14,200 yuan/ton-600
Spandex 20D  domestic  market36,500 yuan/ton36,500 yuan/ton
Spandex 30D  domestic  market35,000 yuan/ton35,000 yuan/ton
Spandex 40D  domestic  market29,500 yuan/ton29,500 yuan/ton
Adipic Acid domestic market7,750 yuan/ton7,450 yuan/ton-300
Benzene domestic market4,600 yuan/ton4,500 yuan/ton-100
Benzene overseas  market623 $/ton520 $/ton
-103
Ethylene South East market690 $/ton600 $/ton-90
Ethylene NWE  market787 $/ton713 $/ton-74
Acrylonitrile ACN  domestic market8,200 yuan/ton8,000 yuan/ton
Acrylonitrile ACN  overseas market1,250 $/ton1,200 $/ton
Acrylic staple fiber ASF  domestic market14,200 yuan/ton14,200 yuan/ton
Viscose Staple Fiber VSF  domestic market9,300 yuan/ton9,300 yuan/ton
PP Powder domestic market6,630 yuan/ton6,900 yuan/ton-270
Naphtha overseas market 

Petrochemical Plastics Monoethyleneglycol

409 $/ton308 $/ton
-101
Phenol domestic market 6,925 yuan/ton6,450 yuan/ton-475
PS Taiwan 5250 GPPS1,015 $/ton 1,000 $/ton-15
PS Taiwan 8250 HIPS1,120 $/ton 1,110 $/ton-10
LDPE CFR Far East 862 $/ton862 $/ton
LLDPE CFR Far East802 $/ton792 $/ton-10
LDPE   FOB Middle East852 $/ton852 $/ton
LLDPE FOB Middle East792 $/ton782 $/ton-10
HDPE CFR Far East802 $/ton792 $/ton-10
LDPE FD Northwest Europe 953 €/ton943 €/ton--10
LLDPE FD Northwest Europe 923 €/ton913 €/ton-10
Homopolymer PP CFR Far East855 $/ton845 $/ton-10
Homopolymer PP FD NWE991 €/ton991 €/ton

Petrochemical Plastics Monoethyleneglycol

 

Petrochemicals Bioproducts Crude Oil 14-03-2020

Petrochemicals Bioproducts Crude Oil

-Europe panic buying of PTA, PET products create ‘normal’ demand in extraordinary times

In extraordinary times, a sense of normality is welcome, and the pull on purified terephthalic acid (PTA) and downstream polyethylene terephthalate (PET) in Europe seems to be “normal” for the time of year.

However, the reasons behind that normality are not necessarily the normal ones.

Coronavirus has hit global petrochemicals and financial markets hard, but for PET and by default its feedstock PTA, the results have not all been negative.

“In spite of the virus, I see demand as normal for time of year. It is surprising, as I thought there would be less sales or postponed sales,” a trader said.

Europe panic buying of PTA, PET products create 'normal' demand in extraordinary times

-DSM announces partnership with SABIC and UPM Biofuels to create bio-based Dyneema

Royal DSM, SABIC, and UPM Biofuels have announced a partnership that will help reduce the environmental footprint of Dyneema, ‘the world’s strongest fibre’.

The collaboration will see Dyneema transition to bio-based feedstock, leveraging Saudi Arabia-based SABIC’s TRUCIRCLE solutions for certified renewable products. As such, Netherlands-based DSM is delivering on its commitment to improve the sustainability footprint of Dyneema, moving towards a circular, bio-based economy.

Petrochemicals Bioproducts Crude Oil

-Answers to Six Key Questions About the Oil Price Collapse

Oil prices slipped as low as $30 per barrel this week as the new coronavirus, COVID-19, led to shuttered factories and Saudi Arabia and Russia ramping up oil production.

The future of oil prices will shape how the world recovers from the coronavirus outbreak and the fate of regional and national economies, not to mention how the world responds, or doesn’t, to the urgent threat of climate change.

Petrochemicals Bioproducts Crude Oil

-Asia polyester prices fall to four-year low; market to remain weak

Asia polyester prices plunged to a four-year low in line with falling crude and feedstock prices, and the market may remain weak in the near term as the coronavirus outbreak in the world will disrupt global demand and supply chains.

Spot polyester partially oriented yarn (POY) 150 denier (D) prices closed at $0.85-0.88/tonne FOB NE Asia, and spot polyester staple fibre (PSF) 1.4D prices were assessed $0.83-0.85/tonne at FOB NE Asia.

Similar prices were last seen in February 2016, according to ICIS.

Petrochemicals Bioproducts Crude Oil

-Recycling Polyester: perPETual And Polygenta Manufacture rPET FDY Using Oerlikon Barmag’s WINGS

The Indian yarn manufacturer Polygenta, specialized on the manufacturing of sustainable recycling yarns, recently commenced production of recycled polyester FDY yarns at its facilities in Nashik.

The yarn is produced using a combination of perPETual Global Technologies patented chemical recycling technology and Oerlikon Barmag’s direct spinning system equipped with the 32-end WINGS concept.

Petrochemicals Bioproducts Crude Oil

-Ingenia buys former LyondellBasell compounding plant

Materials firm Ingenia Polymers Corp. has acquired a toll compounding plant in Texas from LyondellBasell Industries.

The plant in LaPorte had operated as Bayshore Industrial. LBI, based in Houston and London, picked up the 100-employee plant in 2018 as part of its purchase of A. Schulman Inc. Schulman had owned the plant since 2010, when it was acquired as part of Schulman’s purchase of ICO Inc.

Officials with Houston-based Ingenia said in a March 10 news release that the acquisition “brings added expertise and capacity to [Ingenia’s)] existing world-class team and infrastructure.”

Petrochemicals Bioproducts Crude Oil

-DOMO Chemicals investing in China

DOMO Chemicals, a leading producer of high-quality engineering materials for a diverse range of markets, has announced plans for a new state-of-the-art plant in Zhejiang, China.

The new plant will be capable of producing 50,000 tonnes of sustainable and innovative engineered nylon compounds each year. The company signed a new factory project through ‘cloud contract’ with PingHu DuShan port Economic Development District on 20 February.

Production is expected to commence in the fourth quarter of this year.

DOMO Chemicals will invest €12m in the new plant, and the company plans to install multiple production lines at the first stage of development, which would offer an estimated capacity of 25,000 tonnes per year.

The move is in line with the company’s global growth strategy with a strong focus on APAC.

DOMO Chemicals investing in China

-Practical solutions for a circular economy.

“David Sudolsky, talks practical solutions for a circular economy, highlighting plastic waste as an alternative feedstock pathway for virgin polymers”, Hydrocarbon Engineering, March 2020.

Practical solutions for a circular economy

-Ampacet introduces Modern Mattes masterbatches for PET for a high-impact, luxurious finish

Ampacet has launched its new Modern Mattes masterbatches, which can provide a matte finish in one step, without the need for spraying, dipping, or bead blasting.

The masterbatches produce a consistent, high-quality matte finish or PET and rPET blow and injection moulded applications and sheet products without the need for retooling.

Designed for use in mono, multilayer, and extrusion, and standard as well as heavy-wall applications, Modern Mattes also eliminates scrap and waste resulting from traditional secondary processes such as spraying, dipping, and bead blasting.

Ampacet introduces Modern Mattes masterbatches for PET for a high-impact, luxurious finish

-Reifenhäuser joins Circular Plastics Alliance

Reifenhäuser has become a member of the European Union Circular Plastics Alliance (CPA). On March 10, 2020, Ulrich Reifenhäuser signed a declaration that commits over 175 companies and associations to reuse 10 million metric tons of recycled plastics in new products by the year 2025. The move also takes Reifenhäuser’s systematic strategy of sustainability a step further.

“Plastics are part and parcel of recycling,” says Ulrich Reifenhäuser, explaining the company’s step in supporting the CPA. “Our industry is called upon to incorporate plastics into the Circular Economy. We bear co-responsibility to establish collection systems, recycle plastic waste, and minimize production waste.” Reifenhäuser says it already offers solutions for a functioning Circular Economy to ensure that outstanding products with excellent properties are recyclable.

Reifenhäuser joins Circular Plastics Alliance

Petrochemicals Bioproducts Crude Oil

Petrochemicals ClosedLoop Crude Oil 13-03-2020

Petrochemicals ClosedLoop Crude Oil 13-03-2020

Petrochemicals ClosedLoop Crude Oil

Crude Oil Prices Trend 

Crude Oil Prices Trend 

-ALPLA builds new SA plant

ALPLA Group, an international specialist for plastic packaging and recycling, is building a factory in the province of Gauteng, South Africa, for manufacturing according to the latest production standards.

The groundbreaking work began in February 2020 and completion of the building is scheduled for summer 2021.

Since 2015, ALPLA has significantly expanded its market presence in Africa with acquisitions and co-operation agreements. This included the acquisition of the African market leader for PET preforms, PET bottles and closures Boxmore Packaging in 2017.

Petrochemicals ClosedLoop Crude Oil

-EURATEX —­ The New EU Industrial Strategy: How Do We Get From Principles To Practice?

EURATEX welcomes the proposed new EU industrial strategy but wonders how the proposed principles will be put into practice; reality checks and close monitoring of the implementation of the strategy will be essential to make a positive and sustainable impact.

The European textiles and apparel industry, worth nearly €180 bln and including 171,000 companies, is an essential pillar of the European industry. It is a very globalised industry with extensive value chains across different continents.Petrochemicals ClosedLoop Crude Oil

Petrochemicals ClosedLoop Crude Oil

-Is polyester biodegradable?

Understanding how polyester is made is a good place to start.

Polyester, or polyethylene terephthalate, is made from a chemical reaction involving crude oil, air and water. Petrochemicals ClosedLoop Crude Oil

The idea of synthetic polymers was first conceived in 1926 at the labs of E.I. du Pont de Nemours and Co. in the United States, but the early research stalled.

That work by W.H. Carothers, which involved mixing ethylene glycol and terephthalic acid, was later picked up by British scientists John Whinfield and James Dickson, who patented polyethylene terephthalate (PET) or PETE in 1941, according to What is Polyester.

Petrochemicals ClosedLoop Crude Oil

-Use a DOE to Improve Consistency of Your Resin-Drying Process

Hygroscopic polymers such as PET, ABS, TPU, PC, nylon, and many others absorb moisture from the surrounding environment.

These types of polymers have a polar molecular structure that attracts the polar water molecules from the air. Petrochemicals ClosedLoop Crude Oil

If these materials are processed with high moisture content, the high temperature causes a chemical reaction (hydrolysis) that breaks the polymer chain into smaller molecular weights.

Prior to processing, hygroscopic materials must be properly dried to prevent processing issues and poor end-product performance.

Petrochemicals ClosedLoop Crude Oil

-Versalis joins the Circular Plastics Alliance

The newest member of the Circular Plastics Alliance is Versalis, the chemicals arm of Italian energy company Eni.

The Circular Plastics Alliance (CPA)is an initiative under the 2018 European Strategy for Plastics, which calls on stakeholders in the plastics industry to actively contribute to achieving the ambitious European target of using 10 million tonnes of recycled plastic in new products by 2025.Petrochemicals ClosedLoop Crude Oil

Signatories sign a declaration pledging among other things to increase the uptake of recycled plastics in all plastic products, whilst ensuring product quality and safety.

Versalis joins the Circular Plastics Alliance

-UK Government announces plans for £200/tonne plastic tax during Budget 2020

The UK Government has announced plans to implement a £200/tonne tax on virgin plastics during Budget 2020 on Wednesday.

The consultation, which will run until 20 May 2020, proposes a Plastics Packaging Tax which “will apply at a rate of £200 per tonne of plastic packaging which does not contain at least 30% recycled plastic. This will apply to plastic packaging which has been manufactured in, or imported into, the UK,” according to the policy consultation document.

“The government will keep the rate of the tax and the 30% recycled plastic threshold under review to ensure that the tax remains effective in increasing the use of recycled plastic,” the document added.Petrochemicals ClosedLoop Crude Oil

Petrochemicals ClosedLoop Crude Oil

-FDA issues letters for HDPE and PET recycling

Erema Group got the go-ahead to use its technology to recycle HDPE into food and drink packaging and foodservice wares. Meanwhile, other companies got federal green lights for PET recycling.

Over the past seven months, the U.S. Food and Drug Administration (FDA) issued three letters of no objection (LNOs) to companies involved in plastics recycling. The letters allow reclaimers to use their recycling technologies to produce recycled resin for use in food and drink packaging.Petrochemicals ClosedLoop Crude Oil

In issuing the letters, the FDA was convinced the recycling processes would result in contaminant concentrations of 0.5 parts per billion or less in the food, below its “threshold of regulatory concern.”

-FDA issues letters for HDPE and PET recycling

-Europe ethylene output could decrease up to 8% in 2020 on coronavirus – ICIS

Coronavirus impact could cut Europe ethylene production by as much as 1.68m tonnes in 2020, compared with 2019, with cracker turnarounds and even force majeures common place in the second quarter, according to analysis by ICIS.

These preliminary scenarios assume a drop in operating rates in the second quarter of 2020 as the coronavirus hits downstream demand, pricing, and margins, according to Paolo Scafetta, ICIS Senior Analyst, Olefins.Petrochemicals ClosedLoop Crude Oil

Europe ethylene output could decrease up to 8% in 2020 on coronavirus

-Asian petrochemicals reel; coronavirus pandemic to batter global demand

Asia’s major petrochemical markets weakened on Thursday, tracking heavy losses in upstream energy and regional stock markets after the World Health Organization (WHO) declared the novel coronavirus a pandemic.Petrochemicals ClosedLoop Crude Oil

Global efforts to contain the unabated spread of the virus are expected to significantly hit consumer demand which does not bode well for petrochemicals.

Asian petrochemicals reel; coronavirus pandemic to batter global demand

-Recycled PET honeycomb now commercially viable using EconCore’s technology

rPET honeycomb is now commercially ready and available to license from EconCore.

The company successfully conducted two years of research, learning how to optimally process the reusable resource-based polymer into its continuously produced honeycomb core.Petrochemicals ClosedLoop Crude Oil

The benefit is a substantial fall in CO2, along with the already established CO2 reductions from the honeycomb technology in many transportation applications, due to the fuel and energy savings during the in-service use of lower weight products.

Recycled PET honeycomb now commercially viable using EconCore’s technology

Petrochemicals ClosedLoop Crude Oil

Petrochemicals Closed Loop BOPP 12-03-2020

Petrochemicals Closed Loop BOPP 12-03-2020

Petrochemicals Closed Loop BOPP

Crude Oil Prices Trend 

Crude Oil Prices Trend 

-Neste and Mirova back Recycling Technologies to accelerate transition to circular economy for plastic

Neste, the world’s leading provider of renewable diesel, renewable jet fuel, and an expert in delivering drop-in renewable chemical solutions, and Mirova, a pioneer impact investor in the natural capital space and an affiliate of Natixis Investment Managers, today announce a combined EUR 10 million investment into Recycling Technologies Ltd (‘Recycling Technologies’), a specialist plastic recycling technology provider. The aim is to accelerate the development of chemical recycling and foster the transition to a circular economy for plastic.

This investment, consisting of EUR 5 million from Neste and EUR 5 million from Mirova through the Althelia Sustainable Ocean Fund*, provides the capital to start building Recycling Technologies’ first commercial RT7000 machine in Scotland.

Petrochemicals Closed Loop BOPP

-Borealis starts roll-out of PP based on renewable feedstock

Borealis has started to produce polypropylene based on renewable feedstock in its production facilities in Kallo and Beringen, Belgium.

This marks the first time that Borealis has replaced fossil fuel-based feedstock in its large-scale commercial production of PP.Petrochemicals Closed Loop BOPP

The Belgian plants were recently awarded by the International Sustainability and Carbon Certification (ISCC) organisation with ISCC Plus certification for its renewable PP.

Petrochemicals Closed Loop BOPP

-Wearing clothes ‘can release more microfibres than washing them’

‘Many of the current issues associated with the environmental impacts of plastic items stem from a lack of holistic thinking at the design stage,’ says professor

Wearing clothes could release more microfibres into the air than washing them, a new study has discovered.Petrochemicals Closed Loop BOPP

Scientists from the Institute for Polymers, Composites and Biomaterials of the National Research Council of Italy (IPCB-CNR) and the University of Plymouth recently conducted research into the amount of fibres that are released by different kinds of polyester clothing when the garments are being worn and washed.

Petrochemicals Closed Loop BOPP

-South Korea to enact import restrictions

A large buyer of U.S. scrap paper and plastic is planning measures to reduce imports and increase domestic recycling of those materials.

The South Korean government recently announced its plans to restrict mixed paper and PET bottle imports, although some specifics of the policy changes are still in the works.

Contaminated mixed paper draws focus   Petrochemicals Closed Loop BOPP

On Feb. 17, the country’s Ministry of Environment published an announcement (in Korean) describing a general policy to reduce “waste paper” imports. The ministry has not yet published a translated version of the document; an online translation describes measures such as “full inspection” of imports and unspecified “restrictions.”

Petrochemicals Closed Loop BOPP

-AIMPLAS: High profile speakers at VII International Seminar

AIMPLAS opened the seventh International Seminar on Biopolymers and Sustainable Composites to address the challenges and opportunities of bioplastics and biocomposites in key legislative developments in Valencia, Spain, last week.

Mireia Mollà i Herrera, Valencian Minister of Agriculture, Rural Development, Climate Emergency and Ecological Transition, focused on the challenges and opportunities facing bioplastics and biocomposites in light of the fight against climate change. Mollà highlighted the role of AIMPLAS as a point of reference in terms of plastics innovation and knowledge transfer, and highlighted how its experience in the circular economy will help reintroduce materials into the production process.Petrochemicals Closed Loop BOPP

Petrochemicals Closed Loop BOPP

-Europe chems spot prices, stocks stabilise but devaluation risks loom large

European chemicals prices and stocks rebounded on Tuesday after one of the worst trading days in over a decade but downside risks remain on potential inventory devaluations that may weight down first-quarter financials.

Petrochemicals spot prices and crude oil futures were up in European morning trading, recovering from the heavy losses on Monday which knocked almost 10% off the value of some of Europe’s largest chemicals firms.Petrochemicals Closed Loop BOPP

Europe chems spot prices, stocks stabilise but devaluation risks loom large

-Average crude price expected below $50 into 2021

Average crude oil prices are anticipated to hover around $46 per barrel this year and not exceeding $50 next year following a disagreement on supply cut and the price war among Opec and non-member countries, says the Investment Analysts Association (IAA).

The forecast was a downward revision by 20% from previous expectations gauged by eight securities firms, according to the IAA.Petrochemicals Closed Loop BOPP

Average crude price expected below $50 into 2021

-US textile and apparel import demand still collapsing in Jan 2020

According to the latest data, US textile and apparel import was 5.692 billion square meters in Jan 2020, down by 9.2% year-on-year, among which that from China was 2.474 billion square meters, down by 17.5% year-on-year. Share of China’s textile and apparel import in US textile and apparel import market has declined by 43.5% compared with 47.8% in same period of last year.Petrochemicals Closed Loop BOPP

In Oct, growth rate of total textile and apparel import in the United States turned negative, with a decline rate of 8.2%. The growth rate of import has been negative for four consecutive months, and the decrement was expanding. Then the value and amount of textile and apparel imported from China were more unsatisfactory. Amount of textile and apparel imported from China has declined for five consecutive months, and it has declined to 17.5% in Jan; in terms of value, it has declined for six consecutive months and has dropped sharply by 31.6% year-on-year, indicating the sluggish demand of textile and apparel imported from China.

US textile and apparel import demand still collapsing in Jan 2020

-How to decide the bottom of nylon market after crude oil plummeted

After the collapse of oil prices, as a small branch downstream of energy-saving products, nylon industry chain is bound to be implicated. Historically speaking, the trend of CPL has a strong correlation with the trend of oil prices.

Before 2012, because CPL was in short supply in general, the trend of oil prices was almost decisive for CPL. But from 2012 to 2014, as CPL market entered into a capacity expansion period, the influence of supply and demand increased, and its correlation with oil prices declined. From 2015 to 2018, both oil prices and domestic supply-side structural reforms were the driving forces. Since 2019, a new round of expansion of CPL and chip, against weak demand, made the development of the two more different.

From a long-term perspective, the decline in oil prices is undoubtedly a major negative influence on the CPL market. In the past 20 years, CPL has twice touched and dropped below the 10,000yuan/mt in early 2009 and early 2016, both of which are highly related to oil prices.Petrochemicals Closed Loop BOPP

-How to decide the bottom of nylon market after crude oil plummeted

-Polyester market encounters heavier pressure amid tumbling oil price

The COVID-19 outbreak has swept across the world, affecting many industry worldwide. One hundred and one countries and regions have reported confirmed cases of COVID-19 as of Sunday morning, World Health Organization (WHO) spokesperson Fadela Chaib told Xinhua. A total of 105,427 confirmed cases were reported globally as of 6:00 CET (0500 GMT) Sunday, among which 3,583 patients have died, the spokesperson said. The influence of worldwide pandemic is not smaller than that of a global financial crisis. The global market was in “chaos”. Overseas stock market collapsed, and the OPEC+ failed to reach an output cut deal. Price of international oil plunged on Monday, with WTI crude oil price down to $30/bbl, and the whole world was in panic. The COVID-19 outbreak directly affected the end-user demand and rapidly transferred to upward market, resulting into high inventory of the whole polyester chain. The high stocks of polyester products were greatly devaluated after oil price collapsed, intensifying the pressure of the industry.

Worldwide epidemic spread drags down end-user demand

In view of domestic demand, the retail sales of apparels were substantially impacted by the COVID-19 outbreak. Many branded apparel companies chose to close the shop temporarily or curtail the running time to reduce losses. Sales of apparels were supposed to be sound near the Spring Festival holiday and back-to-school season, while sales were almost in stagnation, leading to piling up stocks in apparel enterprises. Inventory of winter wear accumulated, and sales of spring cloth were stunted too. Opening door to restart business meant losses for many apparel companies. Therefore, many companies started turning attention to online sales to reduce losses.

Many apparel companies still focused on traditional marketing channel although the layout of ecommerce increased. Thus, the spread of COVID-19 substantially impacted domestic sales of apparels.Petrochemicals Closed Loop BOPP

Polyester market encounters heavier pressure amid tumbling oil price

-2020 PET Monomer Recycling Forum Postponed – New Date To Be Announced

Petcore Europe has announced that the postponement of the event scheduled to be held on 16 April due to the recent developments regarding the coronavirus (Covid-19).

The decision to postpone the event was made due to the significant impact the Covid-19 virus has on international travel and events. In circumstances like these, the health aspect has to go first.Petrochemicals Closed Loop BOPP

2020 PET Monomer Recycling Forum Postponed - New Date To Be Announced

Petrochemicals Closed Loop BOPP

Petrochemicals Closed Loop BOPET 11-03-2020

Petrochemicals Closed Loop BOPET 11-03-2020

Petrochemicals Closed Loop BOPET

Crude Oil Prices Trend 

Crude Oil Prices Trend

-Asian naphtha flat price tumbles 23.7% day-on-day to reach 4-year low

Benchmark CFR Japan naphtha flat prices nosedived 23.7% day on day to a four-year low of $311.875/mt Monday on the back of a plunge in crude prices and weak demand for naphtha as a petrochemical feedstock.

The naphtha benchmark fell $96.88/mt day on day. It was last lower on February 24 2016 at $307.50/mt, according to S&P Global Platts data.

At 4:30 pm Singapore time (0830 GMT), front month May ICE Brent crude futures were $13.24/b (26.92%) down from Friday’s settle to stand at $35.94/b.

The Asian naphtha complex had been reeling from the weaker Chinese downstream petrochemical demand due to the coronavirus outbreak, in addition to the fresh downturn in demand last week from the shutdown of Lotte Chemical’s Daesan steam cracker.

Petrochemicals Closed Loop BOPET

-Asia petrochemical markets tumble on oil price war fears, poor demand

Asia’s petrochemical markets tumbled on Monday, greeted by a 30% plunge in crude values as Saudi Arabia’s surprise hefty price cuts could trigger an all-out oil price war against the backdrop of severely weakened global demand amid the coronavirus outbreak.

An oil price war would compound downside risks to the global economy, which is already facing a prolonged slowdown, or even a recession.Petrochemicals Closed Loop Film

Spot prices of petrochemical feedstock naphtha slumped 25%, while aromatics benzene shed 15%, paraxylene (PX) declined by more than 10% and isomer-grade xylene was down by about 15%, tracking the steep losses in the upstream crude market.

Petrochemicals Closed Loop BOPET

-Coca-Cola, Indorama Ventures to build plastic bottle recycling plant

Coca-Cola Beverages Philippines (CCBPI) on Monday said it partnered with Indorama Ventures to build the country’s biggest bottle-to-bottle recycling facility.

Coca-Cola said the P1-billion facility, called PETValue, will be set up in General Trias in Cavite and is expected to be completed by 2021.

The facility would ensure that used PET plastic bottles will be “collected, processed and used again and again,” Coca-Cola said in a statement.

It is projected to handle 30,000 metric tons of plastic a year or almost 2 billion pieces of plastic bottles. Petrochemicals Closed Loop BOPET

Petrochemicals Closed Loop BOPET

-Toray’s Mexican Subsidiary Opens Monterrey Office

Toray Industries Inc. announced last week that its resin compounds subsidiary Toray Resin Mexico S.A. de C.V. (TRMX) opened a sales office in Monterrey, Mexico, last month. This will be the Mexican manufacturing, marketing, and distribution subsidiary’s third sales office in the country, after those in El Salto and Queretaro.

With new players in the automotive and other sectors set to enjoy growth in Monterrey and other areas of northern Mexico because of the recent free trade agreement between Canada, Mexico and the United States, the office will help the company more swiftly identify needs and accelerate customer service in the region.Petrochemicals Closed Loop BOPET

Petrochemicals Closed Loop BOPET

-Companies sign up to European Plastics Pact

Several companies with a footprint in the dairy industry are among the signatories to the European Plastics Pact, which was launched last week.

Fifteen governments and 66 companies and organizations have already joined the pact.

The agreement is a public-private coalition that aims to achieve a circular European plastics economy by avoiding plastic waste and bringing together all participants in the value chain.Petrochemicals Closed Loop BOPET

Petrochemicals Closed Loop BOPET

-Monforts Advanced Technology Centre’s adventures in aquaculture

Monforts has recently been involved in a number of R&D trials aimed at improving the performance of the fishing cage nets employed in fish farming operations at its Advanced Technology Centre (ATC) in Mönchengladbach, Germany.

The cultivation of both freshwater and saltwater fish populations under controlled conditions is a global industry valued at around $200 billion annually and only made possible with the use of huge aquaculture nets.Petrochemicals Closed Loop BOPET

Petrochemicals Closed Loop BOPET

-Hengli Petrochemical’s PTA line reaches full operation

INVISTA’s technology and licensing group, INVISTA Performance Technologies (IPT) and Hengli Petrochemical (Dalian) Co. (Hengli) have announced that Hengli’s 4th purified terephthalic acid (PTA) line has reached its full production rate.

This PTA line of 2.5 million tpy capacity, located on Changxing Island, Dalian City, China, utilises INVISTA’s P8 PTA technology with strong variable cost, capital productivity and environmental performance, came online on 8 January 2020.

This PTA line also produces benzoic acid as co-product, through INVISTA’s proprietary R2R technology.Petrochemicals Closed Loop BOPET

Hengli Petrochemical’s PTA line reaches full operation

-Saudi-Russia oil war collapses prices — and the US is in the middle

Russia refused to cut oil output quotas by up to 1.5 million barrels per day at a failed meeting on Friday between OPEC and non-OPEC nations.

So in retaliation, Saudi Arabia will produce 2 million barrels per day at $6 to $7 a barrel into an already oversupplied global market. As a result, oil prices have dropped by a third today.Petrochemicals Closed Loop BOPET

How did this oil-price collapse happen?

Saudi Arabia wanted OPEC and Russia to make oil production cuts to support oil prices in light of the coronavirus outbreak, which has hurt the global economy.

Saudi-Russia oil war collapses prices — and the US is in the middle

-Europe chemicals prices could fall 10-20% in April after crude crash, coronavirus fears

European chemicals prices could fall as much as 20% in April after the collapse in crude oil prices on Monday and prevailing fears over the impact of the coronavirus outbreak on global economic growth and supply chains, according to ICIS analysis.

The impact of a collapse in production cut talks between OPEC and key partner country Russia late on Friday made itself fully felt on Monday morning, triggering huge drops in crude and stock market prices when markets opened in Asia and Europe.Petrochemicals Closed Loop BOPET

Europe chemicals prices could fall 10-20% in April after crude crash, coronavirus fears

-Ti3C2Tx like Graphene -Fast and furious: New class of 2D materials stores electrical energy

There are different solutions for storing electrical energy: Lithium-based electrochemical batteries, for example, store large amounts of energy, but require long charging times. Supercapacitors, on the other hand, are able to absorb or release electrical energy extremely quickly – but store much less electrical energy.Petrochemicals Closed Loop BOPET

Pseudocapacitors MXene

A further option is on the horizon since 2011: A new class of 2D materials that could store enormous amounts of charge was discovered at Drexel University, USA.

Fast and furious: New class of 2D materials stores electrical energy

-Neste and Mirova back Recycling Technologies to accelerate transition to circular economy for plastic

Neste, the world’s leading provider of renewable diesel, renewable jet fuel, and an expert in delivering drop-in renewable chemical solutions, and Mirova, a pioneer impact investor in the natural capital space and an affiliate of Natixis Investment Managers, today announce a combined EUR 10 million investment into Recycling Technologies Ltd (‘Recycling Technologies’), a specialist plastic recycling technology provider. The aim is to accelerate the development of chemical recycling and foster the transition to a circular economy for plastic.Petrochemicals Closed Loop BOPET

This investment, consisting of EUR 5 million from Neste and EUR 5 million from Mirova through the Althelia Sustainable Ocean Fund*, provides the capital to start building Recycling Technologies’ first commercial RT7000 machine in Scotland.

Neste and Mirova back Recycling Technologies to accelerate transition to circular economy for plastic

Petrochemicals Closed Loop BOPET

Petrochemicals Closed Loop Film 10-03-2020

Petrochemicals Closed Loop Film 10-03-2020

Petrochemicals Closed Loop Film

-IT IS NOT FINISHED – IN THE NEXT HOURS, AT THE REQUEST OF THE GOVERNOR ATTILIO FONTANA, CONTE WILL TAKE ANOTHER DRASTIC MEASURE: IN LOMBARDY, CLOSING OF ALL ACTIVITIES EXCEPT FOOD STORES AND PHARMACIES FOR 15 DAYS – SALVINI SPEAKES ALL ITALY (WHAT IS LIKELY TO COME SOON) (Italian Language Only)
“Shutting down Lombardy entirely for at least 15 days can serve to reduce or block the spread of the virus, experts say. Because for us, 15 or 20 more days with such a frenzied growth of people in the emergency rooms and intensive care units, are impossible , Lombardy is not able and Italy is not able “. The words of the Welfare Councilor Giulio Gallera – in connection with Agorà, on Rai1 – further raise the level of alarm that comes from the epicenter region of the coronavirus epidemic, which now calls for total blockade.
«We had already asked to close all commercial activities – explains Gallera – because if I go out to go to work I can’t stop shopping. But perhaps the time has come to tighten the measures even more ». Gallera then specified that those of basic necessities, such as supermarkets and pharmacies “will always remain open, even if all the rest of the production activities are closed”, therefore “there is no need” to queue.

Petrochemicals Closed Loop Film

Crude Oil Prices Trend 

Crude Oil Prices Trend 

-PM Phuc receives Chinese textile group’s head in Vietnam

The government leader spoke highly of the textile group’s business and production in Vietnam, and added that in his meetings with Chinese leaders, the two sides mentioned Texhong as an example of Chinese firms operating in Vietnam which make important contributions to bilateral relations.

For his part, the Chinese official said the attention paid by the PM, ministries and localities of Vietnam to the company as well as the country’s fight against the COVID-19 epidemic is encouraging the group to move positively toward expanding its investment in Vietnam, with an addition of US$500 million this year.

Petrochemicals Closed Loop Film

-Sartorius signs European Plastics Pact

Use of plastics in the biopharmaceutical industry an essential safety benefit for patients ▪ Targets: Improve use and recycling of plastics and reduce usage of new plastic ▪ Cooperation at the European level

Sartorius, a leading international partner of life science research and the biopharmaceutical industry, is the first company in its sector to sign the European Plastics Pact. The objective of this public-private coalition is to improve use and recycling of plastics and thus to reduce usage of new plastic. Through cross-border cooperation at the European level, the signatories of this Pact aim to develop new techniques and approaches, share knowledge, harmonize guidelines and standards, and reduce current barriers. Petrochemicals Closed Loop Film

Petrochemicals Closed Loop Film

-Mubadala confirms discussions with OMV to sell potential stake in Borealis

The Abu Dhabi investor currently owns 25 per cent of OMV and 64 per cent of Borealis

Mubadala confirmed it is in discussions to sell a potential $4.68 billion (Dh17.18bn) stake in Austria’s Borealis to the European energy company OMV.

“Mubadala can confirm the nature of the discussions with OMV. These discussions are consistent with our strategy of actively managing and diversifying our portfolio,” a spokesman for Mubadala’s petroleum and petrochemicals division told The National in a statement.Petrochemicals Closed Loop Film

Petrochemicals Closed Loop Film

-Carbios signs the European Plastics Pact

Carbios, a French company pioneering new bio-industrial solutions to reinvent the lifecycle of plastic and textile polymers, announced today the signing of the European Plastics Pact on the occasion of its official launch in Brussels on March 6th, 2020.

This Pact forms a European network of companies, States and NGOs who want to join forces to create a true circular economy of plastics that enables all market players to meet, or even exceed, the plastic recycling targets set by the European Union.

This public-private coalition will work, on all levels, to improve the recyclability and reusability of products by incorporating more recycled materials into new products and packaging.Petrochemicals Closed Loop Film

Petrochemicals Closed Loop Film

-Danone ramps up recycled plastics across Evian and Volvic brands

Danone is poised to boost the recycled content of its top selling UK water brands, promising that most Evian plastic bottles will be made from 100 per cent recycled plastic in the UK from next month, as both Evian and Volvic shift towards becoming ‘carbon neutral’ in 2020.

The French food and drinks giant yesterday announced that from April all 75cl and 1.5cl ‘on-the-go’ bottles of Evian water in the UK would be made from 100 per cent recycled PET plastic, excluding the caps and labels, rising from 50 per cent recycled content at present.Petrochemicals Closed Loop Film

Petrochemicals Closed Loop Film

-PX pressured by oil price rout

Crude oil plunged by more than 9% as OPEC+ deal failed Friday. Saudi Arabia announced on Saturday night to slash its official selling price (OSP) for April for all its crude grades to all destinations, which was considered as the start of price war. Brent crude futures slid more than 29% to $31.02/bbl Monday morning as Saudi Arabia vowed to step up production.

In the history of crude oil, the price tumbled during each price war. In 1985, Saudi Arabia, after years of shouldering OPEC production cuts nearly by itself, gave up and launched a price war. Prices collapsed almost 70% between November 1985 and May 1986. The kingdom crashed the market again in 1997, as its patience worn thin by overproduction in Venezuela. Brent crude price plummeted to all-time low of $9.55/bbl in December 1998. In 2014, Saudi Arabia slashed pricing of its crude exports, and oil prices began to decline, due to increasing U.S. production.Petrochemicals Closed Loop Film

PX pressured by oil price rout

-Fortum, BASF, and Nornickel sign cooperation agreement on Li-ion battery recycling

Fortum, BASF, and Nornickel have signed a letter of intent to plan a Li-ion battery recycling cluster in Harjavalta, Finland, serving the electric vehicle market. This would enable a successful “closed loop” cycle to re-use the critical metals present in used batteries.

In March 2019, Fortum announced that it had boosted the Li-ion battery recycling rate to more than 80%. (Earlier post.)Petrochemicals Closed Loop Film

Fortum, BASF, and Nornickel sign cooperation agreement on Li-ion battery recycling

-Oil plunges, price reduction of polyester products has a long way to go

2020 is an unusual year. Sales of polyester products were largely plain in Feb after operation resumed, but actual transactions were scarce. The polyester polymerization rate declined to historic low, below 60%. Operating rate of downstream market rose to 50-60% by early-Mar and that of polymerization rate ascended to above 70%. However, plunging crude oil price greatly impacted the whole industry just when market players expected supply/demand to improve.Petrochemicals Closed Loop Film

The Middle East stock market dropped sharply and commodity prices moved down with the plunge in oil prices as OPEC+ failed to reach an output cut deal. WTI dove around 28% and Brent saw the lowest below $32/b after opening in Asian hours this morning. It is hard to predict the bottom during plunge, and some participants expected oil price to be $20. Price of the whole polyester industrial chain will be affected by the collapsing cost.

Oil plunges, price reduction of polyester products has a long way to go

-Putin dumps OPEC to start a war with America’s shale oil industry

-At 10:16 a.m. on a wet and dreary Friday morning, Russia’s energy minister walked into OPEC’s headquarters in central Vienna knowing his boss was ready to turn the global oil market upside down.

Alexander Novak told his Saudi Arabian counterpart Prince Abdulaziz bin Salman that Russia was unwilling to cut oil production further. The Kremlin had decided that propping up prices as the coronavirus ravaged energy demand would be a gift to the U.S. shale industry. The frackers had added millions of barrels of oil to the global market while Russian companies kept wells idle. Now it was time to squeeze the Americans.

Putin dumps OPEC to start a war with America’s shale oil industry

-Impact of slumping crude oil prices on VSF market

Crude oil futures saw sharp declines last weekend. Both WTI and Brent crude oil futures opened lower by more than 20% in Asian hours this morning, with the lowest point below that of financial crisis during the trading session.

There is no high correlation between crude oil and VSF price trend. It could be seen that VSF price kept falling when crude oil soared to $150/bbl in 2008, while the decline started to slow down and even bounced up when crude oil started to plummet. When crude oil stayed at almost 10-year low in 2016, VSF was rising instead. When VSF started to drop since 2017 and recorded historic low, crude oil remained rangebound during the period and there was even big rebound for several times.Petrochemicals Closed Loop Film

Impact of slumping crude oil prices on VSF market

Petrochemicals Closed Loop Film

Petrochemicals Closed Loop PEF 09-03-2020

Petrochemical Plastics Polyamides Naphtha Prices

Petrochemical Plastics Polyamides Naphtha

Petrochemical Plastics Polyamides Naphtha

Polyestertime
ITEM02/03/202009/03/2020+/-
Bottle grade PET chips domestic market6,075 yuan/ton5,800 yuan/ton-275
Bottle grade PET chips export market800 $/ton770 $/ton-30
Filament grade Semidull chips domestic market

Petrochemical Plastics Polyamides Naphtha

5,650 yuan/ton5,425 yuan/ton-225
Filament grade Bright chips domestic market5,725 yuan/ton5,525 yuan/ton-200
Pure Terephthalic Acid PTA domestic market4,160 yuan/ton3,690 yuan/ton-470
Pure Terephthalic Acid PTA export market
530 55 $/ton 490 $/ton-40
Monoethyleneglycol MEG domestic market4,300 yuan/ton3,600 yuan/ton-600
Monoethyleneglycol MEG export market512 $/ton457 $/ton-55
Paraxylene PX FOB  Taiwan market688 $/ton683 $/ton-5
Paraxylene PX FOB  Korea market670 $/ton665 $/ton-5
Paraxylene PX FOB EU market

Petrochemical Plastics Polyamides Naphtha

614 $/ton611 $/ton-3
Polyester filament POY 150D/48F domestic market6,500 yuan/ton6,380 yuan/ton
-120
Recycled Polyester filament POY  domestic market6,700 yuan/ton6,500 yuan/ton-200
Polyester filament DTY 150D/48 F domestic market8,450 yuan/ton8,300 yuan/ton-150
Polyester filament FDY 68D24F domestic market 7,650 yuan/ton7,600 yuan/ton-50
Polyester filament FDY 150D/96F domestic market
Petrochemical Plastics Polyamides Naphtha
7,000 yuan/ton6,950 yuan/ton-50
Polyester staple fiber 1.4D 38mm domestic market6,520 yuan/ton6,350 yuan/ton-170
Caprolactam CPL domestic market10,250 yuan/ton10,000 yuan/ton
-250
Caprolactam CPL overseas  market1,250 $/ton1,210 $/ton-40
Nylon6 chips overseas  market1,600 $/ton1,530 $/ton-70
Nylon6 chips conventional spinning domestic  market11,250 yuan/ton11,200 yuan/ton-50
Nylon6 chips  high speed spinning domestic  market11,650 yuan/ton11,300 yuan/ton-350
Nylon 6.6 chips domestic  market22,600 yuan/ton22,500 yuan/ton-100
Nylon6 Filament POY 86D/24F domestic  market

Petrochemical Plastics Polyamides Naphtha

13,950 yuan/ton13,650 yuan/ton-300
Nylon6 Filament DTY 70D/24F domestic  market16,850 yuan/ton16,600 yuan/ton-250
Nylon6 Filament FDY  70D/24F  domestic  market15,100 yuan/ton14,800 yuan/ton-300
Spandex 20D  domestic  market36,500 yuan/ton36,500 yuan/ton
Spandex 30D  domestic  market35,000 yuan/ton35,000 yuan/ton
Spandex 40D  domestic  market29,500 yuan/ton29,500 yuan/ton
Adipic Acid domestic market7,850 yuan/ton7,750 yuan/ton-100
Benzene domestic market5,160 yuan/ton4,600 yuan/ton-560
Benzene overseas  market602 $/ton623 $/ton
+21
Ethylene South East market700 $/ton690 $/ton-10
Ethylene NWE  market790 $/ton787 $/ton-3
Acrylonitrile ACN  domestic market8,500 yuan/ton8,200 yuan/ton-300
Acrylonitrile ACN  overseas market1,300 $/ton1,250 $/ton-50
Acrylic staple fiber ASF  domestic market14,200 yuan/ton14,200 yuan/ton
Viscose Staple Fiber VSF  domestic market9,600 yuan/ton9,300 yuan/ton-300
PP Powder domestic market6,860 yuan/ton6,630 yuan/ton-230
Naphtha overseas market 

Petrochemical Plastics Polyamides Naphtha

432 $/ton409 $/ton
-23
Phenol domestic market 7,162 yuan/ton6,925 yuan/ton-237
PS Taiwan 5250 GPPS1,015 $/ton 1,015 $/ton
PS Taiwan 8250 HIPS1,130 $/ton 1,120 $/ton-10
LDPE CFR Far East 862 $/ton862 $/ton
LLDPE CFR Far East797 $/ton802 $/ton+5
LDPE   FOB Middle East852 $/ton852 $/ton
LLDPE FOB Middle East787 $/ton792 $/ton+5
HDPE CFR Far East792 $/ton802 $/ton+10
LDPE FD Northwest Europe 953 €/ton953 €/ton-
LLDPE FD Northwest Europe 923 €/ton923 €/ton
Homopolymer PP CFR Far East860 $/ton855 $/ton-5
Homopolymer PP FD NWE991 €/ton991 €/ton

Petrochemical Plastics Polyamides Naphtha

 

Petrochemicals Closed Loop PEF 09-03-2020

Petrochemicals Closed Loop PEF

Petrochemical Plastics Polyamides Naphtha Prices

Petrochemicals Closed Loop PEF

-Nestlé signs up to European Plastics Pact to push for 100% recyclable or reusable packaging

Food and beverage giant Nestlé has announced that its European business is following in the footsteps of its UK operations by signing up to the European Plastics Pact to help achieve its goals of ensuring packaging is 100% reusable or recyclable by 2025.

Nestlé UK and Ireland was a founding member of the world’s first plastic pact, launched in the UK by WRAP in 2018. The company has now committed to a European version of the pact, convened by France and the Netherlands, to promote the circular economy across its European markets.

The European Plastics Pact commits signatories to reducing virgin plastic products and packaging by at least 20%, raising the collection and recycling capacity of plastics in Europe by at least 25% and boosting the use of recycled content in plastic packaging to an average of 30%.  Petrochemicals Closed Loop PEF

Petrochemicals Closed Loop PEF

Crude Oil Prices Trend

Crude Oil Prices Trend

-Sinopec Puts Its First Meltblown Non-Woven Fabric Line into Production

Forty-eight hours ahead of schedule, Sinopec Corp, China’s leading energy and chemical company, put its first melt-blown non-woven fabric assembly line into operation at its Yanshan factory in Beijing on March 6. The Yanshan factory is a converted 3600 square meter old warehouse that has found new life as a global production base following the challenges brought by the coronavirus outbreak.

The 14,400-ton capacity Yanshan facility is one of Sinopec’s two melt-blown non-woven fabric assembly bases and is co-managed with China National Machinery Industry Corporation. The base has two non-woven production lines and three spunbond production lines and can produce up to 4 tons of melt-blown fabric for 1.2 million N95 disposable masks or 6 tons for 6 million disposable masks per day.Petrochemicals Closed Loop PEF

Sinopec Puts Its First Meltblown Non-Woven Fabric Line into Production

-Corona: Crude tumbles, Brent at lowest since June 17

The price of Brent crude has now fallen around more than 30 percent this year. Brent had touched $71.75 per barrel on January 8 this year and is now trading at $45.50 per barrel.

New Delhi: International crude oil prices went into downward spiral after major oil producers failed to reach an agreement to reduce production, as concerns about coronavirus impact spread across the globe.Petrochemicals Closed Loop PEF

Corona: Crude tumbles, Brent at lowest since June 17

-Eastman Talks Increasing Demand for Recycled Materials

Holli Alexander, Eastman’s strategic initiative manager of global sustainability, discusses the company’s recycling initiatives.

I recently attended the Plastics Recycling Conference in Nashville, Tenn. Much talk centered on how brand owner commitments to using more recycled material are placing an increasing amount of importance on obtaining recycled feedstock. This prompts an important question: where is this additional material going to come from?

Last year, we saw lots of new announcements from material companies getting involved in the recycled arena. One big player is Eastman, which sees sourcing recycled feedstock as both a “challenge and an opportunity” for the industry.Petrochemicals Closed Loop PEF

Petrochemicals Closed Loop PEF

-US PE tariff exemptions

Several importers and trading firms have received approvals for tariff exemptions on US-origin linear low-density polyethylene (LLDPE) and high-density polyethylene (HDPE), about two weeks after the Chinese government announced the initiative as part of easing trade tensions with the west.

The approvals for tariff exemptions on polyethylene (PE) came after successful applications for local propane dehydrogenation (PDH) operators who will also receive exemptions on US-origin propane imports.Petrochemicals Closed Loop PEF

Petrochemicals Closed Loop PEF

AQUAFIL – An equity security undervalued by 126% and in line with the green economy. Buy now ( Italian Language Only)
There is a stock in Piazza Affari that could be an excellent medium / long-term opportunity: Aquafil (MIL: ECNL).
The company has a very interesting history and owes its leadership in the eco-friendly synthetic fibers sector to its CEO and President Bonazzi. In fact, the company was born as a yarn manufacturer.

However, everything changed in 1998, when Bonazzi was invited to participate in a company trip in which an American entrepreneur, of whom Aquafil is a supplier, decided to share with all his collaborators the project of becoming a green company by 2020 through the exclusive use of recycled materials. The American entrepreneur is Ray Anderson, founder and president of Interface Inc.
Bonazzi accepts the challenge and launches into this sector. Thus was born Econyl, the ecological nylon obtained mainly from fishing nets and disused carpeting. Today Aquafil is not only the main supplier of Interface, but its Econyl is used all over the world by important companies. For example, it is widely used in Prada’s creations and an agreement has recently been signed with Safilo. The goal is to create the first eco-sustainable glasses.
The interesting project and the fashion trend to take great care of the green aspect, however,so far they have not served to get the stock to take off. From the listing that took place in April 2017 to today, in fact, the stock has lost about 60%, while from the historical highs it has lost about 70%.Petrochemicals Closed Loop PEF
This performance contrasts both with the analysts’ judgment and with the conclusion obtained by looking at fair value. For the former, in fact, Aquafil is underestimated on average by 126% with a BUY consensus, buy immediately .. In the case of fair value, on the other hand, the underestimation is around 50%.

Petrochemicals Closed Loop PEF

-ITALY :Government squeeze, Lombardy and 14 provinces in isolation. Conte(President of the Italian Council): “Changing the lifestyle” ( Italian Language Only)

A new government measure extends the red zone. Movements blocked, only allowed in case of emergency. “Suspension” on the whole national territory for cinemas, theaters, museums, gaming rooms and Bingo. In the armored areas, however, also stop at gyms, swimming pools, spas and ski resorts. Shopping centers open only from Monday to Friday. Critical governors. Lombardia: “Right direction, messy draft”. Emilia Romagna: “We are looking for more coherent solutions”. Veneto: “Disproportionate solution”
New national measures to contain the coronavirus emergency have been defined. In article 1 of the draft of the new government decree there is a ban on entry and exit from Lombardy and 14 other provinces, and the extension of the controlled areas to Piedmont and Emilia-Romagna. In detail, the provinces that have become “red zone” are as follows: Modena, Parma, Piacenza, Reggio Emilia, Rimini, Pesaro and Urbino, Venice, Padua, Treviso, Asti, Vercelli, Novara, Verbano Cusio Ossola and Alessandria. All new provisions are valid from March 8th until April 3rd.Petrochemicals Closed Loop PEF
Coronavirus, Conte: “Strict measures for 14 provinces. We cannot afford forms of aggregation”

Petrochemicals Closed Loop PEF

-In Denim, Investing in Sustainable Technology Is the New Normal

Eco-friendly denim is more ubiquitous than ever, but bringing it to market hasn’t been easy. Nor cheap, for that matter.

While planet-pandering technologies—think Jeanologia’s water-sipping denim-finishing systems, Tonello’s bleach-less OBleach or Archroma’s botanically derived EarthColors—are increasingly available, they also require upfront costs from the mills that employ them.

“Sustainability is really linked to research and innovation,” said Francesca Polato, marketing manager at Berto in Italy. “If the company doesn’t invest, there is no innovation and, as a consequence, there is no sustainability.”  Petrochemicals Closed Loop PEF

Petrochemicals Closed Loop PEF

-OPEC, allies fail to reach deal on oil production cuts

OPEC and its allies failed to reach a deal on oil production cuts on Friday, after Moscow refused to tighten supply to counter the effects of the coronavirus outbreak.

The day before, OPEC ministers had recommended reducing output by 1.5 million barrels per day in face of the global slowdown caused by the epidemic and the resulting fall in demand for oil. Petrochemicals Closed Loop PEF

But the decision hinged on agreement from the so-called OPEC+ grouping — Russia foremost among them

And on Friday, Russian Energy Minister Alexander Novak said that the talks between OPEC and his OPEC+ grouping had failed to bring about a deal.

OPEC, allies fail to reach deal on oil production cuts

-The Truth About Bioplastic

If you’re not the type to bring a reusable bag to the store, bioplastics have become an increasingly attractive alternative to the plastic that is slowly strangling the oceans, rivers, municipalities, and the very sediment record of Earth itself.

The name itself evokes nature, the packaging is often coloured green, the labels highlight how it was made from corn or compostable.Petrochemicals Closed Loop PEF

There’s something sweetly seductive looking at a bioplastic cup and imagining it ending up in a huge compost pile where it will natural degrade over a few weeks or months into fertiliser that can be used to grow more corn.

The Truth About Bioplastic

Petrochemicals Closed Loop PEF

Petrochemicals Closed Loop Plastic 07-03-2020

Petrochemicals Closed Loop Plastic 07-03-2020

Petrochemicals Closed Loop Plastic

-Automakers back on their production road

Almost 85 percent of China’s automobile production bases had resumed production by March 3, according to data from the Ministry of Industry and Information Technology.

The ministry also said that over 66 percent of employees in automotive companies had returned to work.

After the COVID-19 outbreak, some automakers postponed production. In order to ease the pressure faced by the industry, the Chinese government has released favorable policies to stabilize the market and promote purchases of new cars.Petrochemicals Closed Loop Plastic

Petrochemicals Closed Loop Plastic

-Clear on Plastics cuts through the confusion on plastics.

Brought to you by the sustainability experts, WRAP, we give you the latest information and insights on plastics.

Why can’t we just ban all plastic packaging?

Why can’t we replace plastic with other materials such as glass or paper?

What about bio-plastics, biodegradable and compostable plastics?

Is recycling just an excuse to carry on producing more plastic?

I’m worried that my recycling just isn’t worth it.

Brands, retailers and plastic producers aren’t doing enough, only paying lip service to the problem.Petrochemicals Closed Loop Plastic

Petrochemicals Closed Loop Plastic

-ACN supply and demand amid epidemic impacts

The chart and figure shows the import volume and proportion in 2019, and it can be seen that the proportion of ACN imports from Japan and South Korea is relatively high, accounting for the majority of the annual imports.

On the one hand, this is thanks to the short distance and fast transport. On the other hand, it is related to ABS import contract.Petrochemicals Closed Loop Plastic

If the outbreak intensifies, leading to the blockade of Japan and South Korea, with significantly falling import volume, there will be three situations: opening up new import approaches, consuming through China’s expanded capacity and reducing operating rate.

Petrochemicals Closed Loop Plastic

-Bringing people, process and technology together

A visit to the renowned Rockwell Automation fair in Chicago, US, wrapped up 2019 for Libby Munford with a valuable insight into the future of automation and software, experienced on a diverse show floor in terms of technological advancements and attendees alike.

Collaboration is key

Susana Gonzalez, regional president EMEA, stressed the importance of digitalization, and its ability to bring people, process and technology together. She explained that a lot of companies are in the planning stage, every customer has a different path, and the Rockwell Automation Connected Enterprise consultancy launching in the EMEA is designed to help this process, alongside its first customer centre for The Connected Enterprise facility located in the technology centre of Karlsruhe, Germany, which has been operating for the past two years.Petrochemicals Closed Loop Plastic

Petrochemicals Closed Loop Plastic

-Coronavirus impact still unclear amid global markets uncertainty – Synthomer CEO

Synthomer is cautious over the level of impact the coronavirus outbreak will have on the company’s 2020 financial performance due to the ongoing uncertainty in global markets, the CEO at the UK-headquartered chemicals producer said on Thursday.

While acknowledging that the virus had so far been the key factor to shape the industry this year, Calum MacLean described the initial impact on the specialty polymers producer’s performance as neutral.Petrochemicals Closed Loop Plastic

MacLean was speaking to reporters in London after the firm released earlier on Thursday its 2019 financial results. weighed down by weak markets and poor conditions for styrene butadiene rubber (SBR), a key product for the company.

Petrochemicals Closed Loop Plastic

-US February ethylene contracts settle at decrease amid ample supply

US February ethylene contracts settled for a majority of participants at a decrease of 1.75 cents/lb ($39/tonne), tracking lower spot as cracker start-ups and expansions in upstream fractionation capacity continue to boost already ample supply.

The settlement puts February ethylene contracts at 24.00 cents/lb, down from 25.75 cents/lb in January.Petrochemicals Closed Loop Plastic

US February ethylene contracts settle at decrease amid ample supply

-ASTM Plastics Committee Revises Resin ID Code

A revision to ASTM International’s standard for resin identification code, or RIC (known as D7611), brings greater specificity to resin code ‘1.’ ASTM’s plastics committee (D20) invites interested participants to join in further revisions of the standard, as code numbers and mechanisms for adding codes continue to be clarified.

Resin code ‘1’ is an equilateral triangle with the number one inside it, and below it the letters “PETE” or “PET,” an abbreviation for polyethylene terephthalate. The revision provides greater specificity for what kinds of plastics can be labeled with this code, according to David Cornell, technical contact for a working group addressing the revision of the standard.Petrochemicals Closed Loop Plastic

ASTM Plastics Committee Revises Resin ID Code

-Belarusian petrochemical companies sign over €2m worth of contracts, agreements in Turkey

Belarusian petrochemical companies signed over €2 million worth of contracts during the international textile expo Yarn Fair, which took place in Istanbul, Turkey on 27-29 February, representatives of the BelInterExpo enterprise of the Belarusian Chamber of Commerce and Industry told BelTA.

In particular, SvetlogorskKhimvolokno Company signed specifications for contracts on shipping products worth €500,000. Polotsk Steklovolokno Company signed protocols of intent worth a total of €850,000 with Turkish companies. The Khimvolokno Plant branch of OAO Grodno Azot contracted to ship about 1,500 tonnes of polyamide threads to the Turkish market in 2020.Petrochemicals Closed Loop Plastic

Belarusian petrochemical companies sign over €2m worth of contracts, agreements in Turkey

-Sage Automotive Interiors buys Adient for $175 million

Sage Automotive Interiors, a Greenville-based automotive textile supplier, is acquiring automotive fabric company Adient for $175 million, according to a news release.

Sage company officials said Adient’s textile facilities, a number of which are in Europe, are ideally suited to expand capacity and capability for automotive interior products to the European market.Petrochemicals Closed Loop Plastic

“Europe continues to be a key growth area for Sage Automotive Interiors,” Dirk Pieper, CEO of Sage Automotive Interiors, said in the March 5 release.

Sage Automotive Interiors buys Adient for $175 million

-Closed Loop Partners invests $2M in Reterra

Houston-based Reterra plans to increase its capacity to process PET as a result of this investment.

Closed Loop Partners, New York, plans to invest $2 million in Reterra Corp., a Houston-based advanced recycling company. Reterra turns waste byproduct streams of polyethylene terephthalate (PET) plastic that are produced in the recycling process into high-value intermediary products.

“Reterra’s advanced process serves a critical role in lowering the cost of PET recycling by capturing even the smallest discards of material and making a high-value product from them. This solves a system-wide issue that will become increasingly important as the market for recycled plastics continues to grow,” says Ron Gonen, CEO of Closed Loop Partners.Petrochemicals Closed Loop Plastic

Closed Loop Partners invests $2M in Reterra

Petrochemicals Closed Loop Plastic

Petrochemicals Closed Loop Polymers 06-03-2020

Petrochemicals Closed Loop Polymers 06-03-2020

Petrochemicals Closed Loop Polymers

-At RadiciGroup there is no arrest for coronavirus ( Italian Language Only)

The activity proceeds regularly in all the factories and commercial branches of the Bergamo group.
All RadiciGroup production and commercial companies (Specialty Chemicals, High Performance Polymers and Synthetic Fibers) are regularly operational and able to guarantee the continuity of relations with their customers and suppliers: the Bergamo-based chemical group said in a statement, polymers and synthetic fibers.

“Even in a particular situation, such as that dictated by the spread of coronavirus, our forces are more united than ever to ensure and optimize the performance of work activities”.

At RadiciGroup there is no arrest for coronavirus

Crude Oil Prices Trend

Crude Oil Prices Trend

-Where Goes the Textile Waste?

A new sustainability initiative, Accelerating Circularity, announced that it is working with major apparel companies such as Gap Inc., Target Corp. and VF Corp. to chart ways to eliminate textile-industry waste and recycle it into new fibers and materials, according to a Feb. 25 announcement.

Accelerating Circularity’s mission will be to research and identify opportunities in apparel supply chains in order to make them circular, which means taking returned goods and items defined as waste materials and turning them into new textiles, Karla Magruder, the group’s lead, said.

Petrochemicals Closed Loop Polymers

-Trinseo Announces Price Decrease for Polystyrene in Europe

Trinseo (NYSE: TSE), a global materials company and manufacturer of plastics, latex binders and synthetic rubber, and its affiliate companies in Europe announced today a price decrease for all polystyrene (PS). Effective March 1, 2020, or as existing contract terms allow, the contract and spot prices for the products listed below will decrease as follows:

STYRON™ general purpose polystyrene grades (GPPS) by 65 Euro per metric ton

STYRON™ and STYRON A-Tech™, STYRON C-Tech™ and STYRON X- Tech™ high impact polystyrene grades (HIPS) by 65 Euro per metric ton

Petrochemicals Closed Loop Polymers

-China’s benzene demand weakens on COVID-19 outbreak

The COVID-19 outbreak has seen petrochemical units across China reduce output due to logistical restrictions.

Refined oil prices dropped sharply on weaker demand. Some refineries cut processing rate or closed processing units due to the epidemic, resulting in less benzene output.

Coal-based benzene output decreased apparently in Feb due to the logistical constraints, with the output loss estimated at about 130-140kt.

By end February, operating rate of benzene units in China was around 74.3%, and of coal-based benzene 48%. The figures had recovered slightly from mid-Feb with the gradual recovery in logistics.

Due to the run rate cuts of benzene downstream units, benzene demand form downstream derivatives was estimated at about 1 million tons, down 300kt from the average level in 2019.

Petrochemicals Closed Loop Polymers

-Muller Technology launches M-Line for injection moulded packaging

Muller Technology Colorado (formerly CBW Automation), a leading US supplier of robots and automation solutions for thin-wall packaging, has announced the launch of the M-Line robot, a new integrated robotic and automation system which delivers significantly greater flexibility and versatility for production of injection moulded packaging.

The new automation line represents an evolution from previous designs and a major refinement which expands the window of applications for packaging manufacturers.

Petrochemicals Closed Loop Polymers

-Recycled PET market to double by 2029

The recycled PET Market is benefiting from the increasing consumption of packaged food products and carbonated and non-carbonated drinks across the world.

This trend is particularly being witnessed more in the developing economies of East Asia and South Asia. Moreover, consistent adoption of an extensive range of recycled PET packaging solutions such as clamshells & containers, bottles & jars, and other solutions in these regions in recent years has been noted. Rapid penetration of food, beverage, and healthcare industries, which show a high preference towards recyclable and sustainable packaging solutions, has led to the remarkable demand for recycled PET packaging solutions in these regions.

Petrochemicals Closed Loop Polymers

-Advertorial: LENZING™ solution from botanic origins

Cellulose has been used in the formation of filter media throughout history. Today’s wood-based Lyocell fibers provide a combination of high technical performance and low environmental impact. LENZING™ Lyocell Shortcut fibers are a sustainable raw material for filter media and specialty papers.

The demand for performance improvement, together with an ever-growing awareness of the environmental impact of product manufacture is driving a re-evaluation of the sources of raw materials, production methods and alternatives to the disposal of materials at the end of their life.

Advertorial: LENZING™ solution from botanic origins

-Knitted constructions dominate the ISPO 2020 Textrends

Adrian Wilson reports from Munich

ISPO Textrends is an annual guide to the most innovative products in performance wear compiled by an international panel of fabric experts and now in its eighth year.

This year’s edition, published to coincide with ISPO 2020 which took place in Munich from January 26-29th, featured no less than 450 separate products, largely focused on fabric constructions, with knitted constructions particularly dominant in the base layer, second layer and street sports categories.

Knitted constructions dominate the ISPO 2020 Textrends

-Positively PET

A new campaign from NAPCOR seeks to differentiate PET from other plastics.

Plastics have been the object of public scorn recently. Take the Planet or Plastic? campaign that National Geographic launched in May 2018. This multiyear effort is designed to raise public awareness about the global plastic trash crisis and encourage reducing the use of single-use plastics.

The polyethylene terephthalate (PET) container industry is responding to this situation with a campaign that seeks to differentiate PET containers from other plastics.

NAPCOR (National Association for PET Container Resources), Charlotte, North Carolina, launched Positively PET, a campaign that has been in the planning stages for approximately a year and a half, earlier this year.

Positively PET

-Is it the end of non-recyclable plastic packaging?

The different types of mono-material high barrier pouches exhibited on the BOBST stand at K 2019

Nothing perhaps defines our consumer-driven society of recent decades better than plastic. Its growth in production since the 1950s – primarily driven by the packaging – has been extraordinary. We now produce a staggering 300 million tons of it each year. But we know that the qualities that make plastic so suited for packaging – its versatility, durability, impermeability – also make it very environmentally unfriendly, non-biodegradable, and challenging to recycle.

Increasingly alarming projections around environmental damage have changed attitudes and focused minds in recent years. Environmentally friendly alternatives to plastic are no longer a nice-to-have aspiration for companies; they are essential. Indeed, the major brands – PepsiCo, Unilever, Nestlé, Mars, Coca Cola Company, to name a few – are challenging their suppliers to achieve the target of 100% reusable, recyclable or compostable packaging by 2025.

Is it the end of non-recyclable plastic packaging?

Petrochemicals Closed Loop Polymers

Chemicals Circular Economy Aromatics 05-03-2020

Chemicals Circular Economy Aromatics 05-03-2020

Chemicals Circular Economy Aromatics

-Latest on the novel coronavirus outbreak(Mar 5,2020)

– Chinese mainland reports 139 new infections of novel coronavirus (134 in Hubei), 31 new deaths (all in Hubei) (Read more)

– China honors 34 individuals posthumously for their contributions in fighting against the virus

Chemicals Circular Economy Aromatics

Crude Oil Prices Trend

Crude Oil Prices Trend

-Northeast Asian import prices drop to 18-week low

Import prices of ethylene in Northeast Asia fell to an 18-week low, as the outbreak of coronavirus in China continues to curb production in the country, ICIS reports.

The fall in oil and naphtha prices strengthened the downward mood. Although local authorities in China have largely lifted restrictions on traffic, domestic sales of ethylene derivatives remain weak.North  Chemicals Circular Economy Aromatics

Chemicals Circular Economy Aromatics

-February MEG contract price in Europe agreed at EUR17 per tonne below January

The contract price of monoethylene glycol (MEG) for February in Europe was finally agreed at EUR608 per tonne, which is EUR17 per tonne lower than the level of the previous month.

The contract price of the MEG for February shipments was agreed on the terms of delivery of FD NWE (with delivery to North-Western Europe).

A minimum configuration of 2 + 2 producer-consumer is required in order to consider the agreements fully confirmed. The March agreement appeared along with the full agreement for February, but has not yet been confirmed.Chemicals Circular Economy Aromatics

Chemicals Circular Economy Aromatics

-Chems face demand shock similar to 2008 as coronavirus goes global

As coronavirus goes global, chemical markets can expect a demand shock similar to the 2008 financial crisis, with the prospects of a recession in the first half of 2020 becoming increasingly likely.

In Europe, however, some chemicals markets have so far benefited from China’s disruption: there is good demand for polyolefins and polymethyl methacrylate (PMMA), for example, as downstream customers stock up for March ahead of potential disruption in April.

In this podcast, Will Beacham interviews Katherine Sale, ICIS Senior Editor for PMMA, and John Richardson, ICIS Senior Consultant, Asia.Chemicals Circular Economy Aromatics

Chemicals Circular Economy Aromatics

-Continental and Kordsa introduce 1st series tyres with Cokoon dip technology onto the road.

  • First 250,000 tyres featuring Cokoon dip technology currently in production with more to be produced in 2020 and beyond
  • More than 40 industry players already showing interest in open-source technology
  • Licensing pool welcomes interested parties to join  Chemicals Circular Economy Aromatics

Chemicals Circular Economy Aromatics

-Graphene helps in creating efficient tandem perovskite solar cell

Italian researchers from two Italian institutions have used graphene to develop a perovskite-silicon solar cell – a promising new solar technology – with an impressive conversion efficiency of 26.3%.

The researchers added graphene to the titanium dioxide electron selective layer used in a perovskite solar cell in order to increase chemical stability. The two-terminal cell was made by stacking two sub-cells which were fabricated and optimized separately. The new device blends the advantages of thin-film perovskite and silicon-based heterojunction cells, according to its developers.Chemicals Circular Economy Aromatics

Chemicals Circular Economy Aromatics

-Polyplastics Highlights DURANEX (R) PBT Grade for High-voltage Automotive Applications

The Polyplastics Group is offering an improved polybutylene terephthalate (PBT) grade which provides improved tracking resistance for a range of high-voltage automotive components. DURANEX (R) PBT CG7030 is a 30% glass-filled grade which also delivers strong dimensional stability and highly stable electrical resistance, and dielectric breakdown properties.

The automotive industry is undergoing drastic change with electrification gaining traction due to worldwide efforts to reduce the use of fossil fuels and cut emissions. As carmakers move increasingly to electric vehicles, demand for high-voltage components is expected to increase. Polyplastics conducted extensive testing of both PA 66 and PBT in temperature environments ranging from -40 C to 140 C for electric car applications such as batteries, power control units (PCUs), and motors/generators.Chemicals Circular Economy Aromatics

Polyplastics Highlights DURANEX (R) PBT Grade for High-voltage Automotive Applications

-Avantium sells bioaromatics patent portfolio to TNO

These technologies lie outside Avantium’s strategic focus and will now be further developed by TNO

Avantium has sold its bioaromatics patent portfolio to The Netherlands Organization for Applied Scientific Research, TNO.

The sale includes both patents and know-how for technologies that produce bio-derived products for polymers and coatings. These technologies lie outside Avantium’s strategic focus and will now be further developed by TNO.Chemicals Circular Economy Aromatics

Avantium sells bioaromatics patent portfolio to TNO

-FDA Approves Full Recycled HDPE and PET Food Packaging

Erema Group got the go-ahead to use its technology to recycle HDPE into food and drink packaging and foodservice wares. Meanwhile, other companies got federal green lights for PET recycling.

Over the past seven months, the U.S. Food and Drug Administration (FDA) issued three letters of no objection (LNOs) to companies involved in plastics recycling. The letters allow reclaimers to use their recycling technologies to produce recycled resin for use in food and drink packaging.

In issuing the letters, the FDA was convinced the recycling processes would result in contaminant concentrations of 0.5 parts per billion or less in the food, below its “threshold of regulatory concern.” Chemicals Circular Economy Aromatics

FDA Approves Full Recycled HDPE and PET Food Packaging

-Looking ahead to ArabPlast 2021

The fourteenth edition of the ArabPlast trade fair in 2019 invited well-known names from across the world, including Milacron and GN Thermoforming from North America, and Reifenhäuser and NGR from Europe. These were joined by Middle East-based giants Tasnee, Astra Polymers and Borogue, amongst many others

Include the substantial number of players from further east – from Japan to Tajikistan –from Africa – from Algeria to Zimbabwe – and from South America, the 2019 edition begins to emerge as a truly global event, where international plastics industry exhibitors focused their efforts on Dubai, UAE. Chemicals Circular Economy Aromatics

Looking ahead to ArabPlast 2021

-be.responsible – Sustainable Textiles from bergertextiles at Fespa 2020

Press release from the issuing company

Krefeld – Climate change and environmental protection have already been considered by bergertextiles in 2014 with the introduction of the first sustainable and award-winning textile for large format digital printing.Chemicals Circular Economy Aromatics

True to the motto: “be.responsible”, bergertextiles is now presenting its expanded product range with sustainable textiles for brilliant printing applications at Fespa 2020 in Madrid.

be.responsible - Sustainable Textiles from bergertextiles at Fespa 2020

-Graham Packaging’s Deep Dive into Sustainable Packaging

Founded in 1970, Graham Packaging creates customized, sustainable packaging solutions for a wide range of industries including food and beverage, personal care, auto/chemical, household and healthcare.Chemicals Circular Economy Aromatics

Its production repertoire encompasses extrusion blow molding, injection blow molding and barrier technologies using PET and polyolefin polymers.

Graham Packaging’s Deep Dive into Sustainable Packaging

Chemicals Circular Economy Aromatics

Chemicals Circular Economy Graphene 04-03-2020

Northeast Asian Import Ethylene prices drop

Northeast Asian Import Ethylene

Northeast Asian import prices drop to 18-week low

Northeast Asian Import Ethylene

MOSCOW- Import prices of ethylene in Northeast Asia fell to an 18-week low, as the outbreak of coronavirus in China continues to curb production in the country, ICIS reports.

The fall in oil and naphtha prices strengthened the downward mood. Although local authorities in China have largely lifted restrictions on traffic, domestic sales of ethylene derivatives remain weak.Northeast Asian Import Ethylene 

Companies that acquire ethylene derivatives are gradually restarting their plants, and utilization rates can normalize in mid-second half of March.

Some of these companies previously asked their suppliers of raw materials to postpone supplies, while many others still kept their spot purchases to a minimum in March.

In recent weeks, affected suppliers to China have had to change the schedule of their vessels following the requests of their customers to cancel or reschedule supplies.

Ethylene consumption may gradually improve in the first half of March, and by then several companies are hoping to increase production.Northeast Asian Import Ethylene 

Ethylene is the main raw material component for the production of polyethylene (PE).

According to ScanPlast of Market Report, in 2019 the estimated PE consumption in Russia amounted to 2,093.26 thousand tons, which is 6% more than the same indicator a year earlier. Deliveries of all types of polyethylene increased. PE supplies increased both from domestic manufacturers and from external suppliers.Northeast Asian Import Ethylene 

mrcplast.ru

Author: Anna Larionova

Chemicals Circular Economy Graphene 04-03-2020

Ethylene Market Share, Size 2020 Review, Future Growth, Global Survey, In depth Analysis, Key Findings, Company Profiles, Comprehensive Analysis, Development Strategy, Emerging Technologies, Trends and Forecast by Regions

February Monoethylene Glycol Price Europe

February Monoethylene Glycol Price

February MEG contract price in Europe agreed at EUR17 per tonne below January

February Monoethylene Glycol Price

The contract price of monoethylene glycol (MEG) for February in Europe was finally agreed at EUR608 per tonne, which is EUR17 per tonne lower than the level of the previous month, ICIS reported.

The contract price of the MEG for February shipments was agreed on the terms of delivery of FD NWE (with delivery to North-Western Europe).February Monoethylene Glycol Price

A minimum configuration of 2 + 2 producer-consumer is required in order to consider the agreements fully confirmed. The March agreement appeared along with the full agreement for February, but has not yet been confirmed.

The contract price of ethylene in Europe for March deliveries was agreed at the level of EUR920 per tonne, which is EUR50 per tonne lower than the level of the previous month. A drop in ethylene prices was expected, given the decline in oil prices during February.

During the first two months of the year, the cost of MEG production remained stable at a high level, which exerted constant pressure on profitability, so the decrease in production costs in March put pressure on MEG prices.February Monoethylene Glycol Price

MEG spot prices rose in January due to delays in vessels and activity due to their replenishment, and then in February came under pressure, monitoring the level of contract prices.

For European sellers, prices are reaching critical levels, and local producers have little incentive to offer spot prices. Shipping costs from the US are high, but regular ships continue to arrive in Europe.February Monoethylene Glycol Price

MEG along with terephthalic acid (TFA) is one of the main components for the production of polyethylene terephthalate (PET).

According to ScanPlast of Market Report, in Russia the estimated PET consumption in December 2019 decreased by 16% compared to the previous year.

In total, according to the results of 2019, the total estimated material consumption in Russia increased by 1% and amounted to 696.81 thousand tons of PET (690.13 thousand tons in 2018). February Monoethylene Glycol Price

mrcplast.ru

Author: Anna Larionova

Chemicals Circular Economy Aromatics 05-03-2020

Monoethylene Glycol (MEG) Market Analysis and Demand with Forecast Overview to 2025

SIBUR Petrochemical polyolefins Russia Amur

SIBUR Petrochemical polyolefins Russia

The design capacities of SIBUR AGHK can increase to 2.3 million tons of PE and 400 thousand tons of PP per year

SIBUR Petrochemical polyolefins Russia

MOSCOW – SIBUR, the largest petrochemical holding in Russia and Eastern Europe, plans to expand the design capacities of the Amur Gas Chemical Complex (AGHK) for the production of polyolefins, if Gazprom will additionally supply a total of 1.5 million tons of LPG and ethane fraction to AGHK, said In an interview with Oil and Capital, a member of the board is Sergey Komyshan, Executive Director of SIBUR LLC.

Gazprom is a supplier of raw materials to the Amur MCC.SIBUR Petrochemical polyolefins Russia

“We signed a contract for the supply of about 2 million tons of ethane fraction per year. It is also assumed under the terms of the preliminary agreement that Gazprom will annually supply an additional 1.5 million tons of LPG and ethane fraction.

This important agreement opens up opportunities for us to expand the AGHK’s design capacity with 1.5 million tons of polyethylene to about 2.3 million tons of polyethylene and 400 thousand tons of polypropylene per year, “he said.SIBUR Petrochemical polyolefins Russia

Earlier, SIBUR planned to build an agrochemical complex for ethane processing, production of monomers and subsequent production of polyethylene of grades in demand on the Russian and world markets with a capacity of about 1.5 million tons per year.

It was also reported that SIBUR planned to make an investment decision on the construction of the AGHK by the end of 2019. The Amur Mining and Chemical Combine will be technologically connected with the project of the Amur Gas Processing Plant Gazprom. In May 2018, the parties signed an agreement on ethane supplies from the AGPZ to the AGHK. SIBUR Petrochemical polyolefins Russia

The document fixes the volumes of shipment of the ethane fraction (about 2 million tons per year), as well as the formula for the price of commodity products, the responsibility of the parties for stable supplies and reception of raw materials.

The preliminary cost of the AGHK project is estimated at USD7-9 billion. With the adoption of a positive decision on the project, SIBUR is ready to start construction immediately. In this case, the complex can be launched in 2024. A land plot for construction has already been determined, geographically it is located next to the Amur Gas Processing Plant under construction.SIBUR Petrochemical polyolefins Russia

As reported by Market Report, in February of this year, the German company Linde signed a contact for the provision of design and construction services for a part of SIBUR AGHK. Services will be provided as part of a consortium with NIPIgaz, part of SIBUR.

According to ScanPlast of Market Report, the estimated PE consumption in Russia amounted to 1,904.41 thousand tons in the eleven months of last year, which is 6% more than the same indicator a year earlier. SIBUR Petrochemical polyolefins Russia

Deliveries of all types of polyethylene increased. PE supplies increased both from Russian manufacturers and from external suppliers. The estimated consumption of PP in the Russian market in January – November 2019 amounted to 1,161.83 thousand tons, which is 7% more than in 2018. Deliveries of all types of propylene polymers increased, the largest increase was recorded in the segment of propylene homopolymer (PP-homo).

SIBUR Holding PJSC is the largest petrochemical company in Russia and Eastern Europe with full coverage of the industry cycle from gas processing, production of monomers, plastics and synthetic rubbers to plastics processing. SIBUR Petrochemical polyolefins Russia

mrcplast.ru

Author: Margarita Volkova

Chemicals Circular Economy Graphene 04-03-2020

Chemicals Circular Economy Graphene 04-03-2020

Chemicals Circular Economy Graphene

Crude Oil Prices Trend 

Crude Oil Prices Trend 

-Try This Lower-Cost Purging Method

You might be able to reduce purging times and save money by scheduling processing jobs in order of the increasing material viscosity. But to get started, you’ll need shear rate/viscosity curves for your polymers.

Purging is a necessary task for extrusion processors that change polymers for different production runs. There are many approaches to purging, and some are better than others. For extrusion processors that run different materials, the biggest time and polymer savings may not be in some magical purging technique or compound but in the production-planning process.

Chemicals Circular Economy Graphene

-The design capacities of SIBUR AGHK can increase to 2.3 million tons of PE and 400 thousand tons of PP per year

SIBUR, the largest petrochemical holding in Russia and Eastern Europe, plans to expand the design capacities of the Amur Gas Chemical Complex (AGHK) for the production of polyolefins, if Gazprom will additionally supply a total of 1.5 million tons of LPG and ethane fraction to AGHK, said In an interview with Oil and Capital, a member of the board is Sergey Komyshan, Executive Director of SIBUR LLC.Chemicals Circular Economy Graphene

Gazprom is a supplier of raw materials to the Amur MCC.

“We signed a contract for the supply of about 2 million tons of ethane fraction per year. It is also assumed under the terms of the preliminary agreement that Gazprom will annually supply an additional 1.5 million tons of LPG and ethane fraction.

Chemicals Circular Economy Graphene

-Europe polyolefins weather coronavirus storm but April disruption widely expected

European polyolefins have so far managed to weather the coronavirus storm that plunged global financial markets into their worst week since the 2008 financial crisis.

There is no escaping the spread of uncertainty that the coronavirus has caused, with the Chinese economy practically grinding to a halt in January and February.

For the European polyethylene (PE) and polypropylene (PP) markets, the show must go on, according to sources, and for now there is very much a ‘business as usual’ mentality in the region.Chemicals Circular Economy Graphene

Chemicals Circular Economy Graphene

-Mr. Green Africa chooses EREMA technology

At this year’s Propak East Africa in Nairobi (17-19 March), visitors can find out how the recycling company Mr. Green Africa combines social responsibility with technology and cost effectiveness. Since the beginning of the year, a new INTAREMA 1108 TVEplus RegrindPro with laser filter has been processing industrial and household waste plastic to produce recyclate at the company’s plant in the Kenyan capital, Nairobi.

Trade fair visitors are invited to take part in Mr. Green Africa’s plant tours on 18 and 25 March to witness the recycling quality live.Chemicals Circular Economy Graphene

Chemicals Circular Economy Graphene

-Comau partners with Exechon

Comau, a global leader in advanced industrial automation products and solutions, and Exechon, an international company whose patented technologies are being used to develop advanced Parallel Kinematic Machine (PKM) solutions, have joined forces to design and produce a new Comau machining centre able to handle lightweight framing and structural components for multiple sectors, particularly automotive, aerospace and electrification.Chemicals Circular Economy Graphene

The companies have begun a strategic co-operation in which they will leverage their respective competencies to develop a concrete solution that can cost-effectively meet key drivers within the evolving machining market: the expanded use of lightweight components; the growing importance of electrification for automotive manufacturers; and the increasing degree of production complexity within the aerospace sector.

Chemicals Circular Economy Graphene

-Asia petrochemicals outlook, w/c Mar 2

Sentiment in the Asian aromatics and polymers markets were expected to remain negative this week, while polyester markets may see some improvement as more of China’s textile and downstream producers return to work as staff, transportation and logical challenges stemming from quarantine efforts to contain the spread of coronavirus or COVID-19 are addressed.Chemicals Circular Economy Graphene

All Asian petrochemical markets will continue to closely monitor upstream crude oil benchmarks this week after they hit 14-month lows last Friday amid ongoing demand destruction concerns across the board stemming from the global spread of COVID-19.

Chemicals Circular Economy Graphene

-China’s factories at risk of double whammy as coronavirus hits South Korea, Japan

The spread of the coronavirus in South Korea and Japan could mean a second wave of disruption at Chinese factories after the disease triggered a record contraction in activity last month.Chemicals Circular Economy Graphene

Cases of the flu-like epidemic have jumped in South Korea and Japan, prompting some manufacturers there to partially suspend operations and risking a reduction in the supply of spare parts to factories in China as they restart work.

China's factories at risk of double whammy as coronavirus hits South Korea, Japan

-REIKU – 100% regenerated polyamide 12

Corrugated Tubing Made of Regenerated Polyamide for Cable Protection Brings Additional Sustainability to the World of Industrial Robots

With its new cable protection tubing of 100% regenerated polyamide 12, REIKU, one of the most innovative and diversified developers and manufacturers of high-quality cable protection systems for robotics and automation, is once again making its mark in matters of sustainability.Chemicals Circular Economy Graphene

REIKU - 100% regenerated polyamide 12

-Epidemic impact on high-grade PET flakes

In the first half year of 2020, PET flake supply is supposed to be tight, as the consumption of soft drinks and mineral water may remain low due to weakness in various sectors, such as transportation, travelling and catering services. Supply of PET flakes is hard to recover to normal level before June, 2020.Chemicals Circular Economy Graphene

In 2019, recycling volumes of PET flakes in China are assessed at about 3.90 million tons, while in 2020, the volumes are likely to shrink obviously. Take Hubei province as an example. According to CCFGroup, the supply of re-PET in Hubei accounts for about 15-20% of the total, and monthly supply is assessed at nearly 60kt. Under the outbreak of the novel coronavirus, the resumption of cleaning plants takes long time, and the supply that is affected may reach above 300kt. In 2020, the total recycling volumes may reduce by above 1.50 million tons, to be about 2.5 million tons.

Epidemic impact on high-grade PET flakes

-Nylon 6 chip inventory and risks rise in parallel

Since the nylon industrial chain gradually recovered from holiday and the COVID-19 impact, the recovery pace of different sectors of the chain varied.

When Caprolactam plants were running at relatively high rate (73-83% during the holiday), nylon 6 chip plants lowered run rate evidently, and downstream filament producers cut run rate significantly to as low as 31% (down from 74% before the Spring Festival).Chemicals Circular Economy Graphene

Usually this situation happened in every Lunar New Year holiday, while downstream normally had fully returned before the Latten Festival, but this time, delayed much more. By Feb 27, the run rate of nylon textile filament plants had slowly recovered to 45%, and that of nylon HS and CS chip plants’ were to 53% and 50%, CPL plants 58%.

Nylon 6 chip inventory and risks rise in parallel

Chemicals Circular Economy Graphene

Chemicals Circular Economy PETBottle 03-03-2020

Chemicals Circular Economy PETBottle 03-03-2020

Chemicals Circular Economy PETBottle

Crude Oil Prices Trend

Crude Oil Prices Trend

-Automotive sector decline in 2020 as pronounced as 2019, chems weak – BASF CEO

The decline in automobile production is likely to be as pronounced this year as in 2019, the CEO at BASF said on Friday, while no immediate rebound is expected for the Germany-headquartered chemicals major’s chemicals operations.

Global automobile production contracted 5.4% year on year in 2019, and the slump is expected to continue or deepen this year, Brudermueller said, as a result of lower demand, extended production downtime in China, and disruption to the sector’s complex global supply chains.

“For the automotive industry, one of our most important customer industries, we anticipate a production decline compared to the already-low level of 2019,” he said, speaking to reporters at the company’s Ludwigshafen headquarters.

Chemicals Circular Economy PETBottle

-China GDP could slow to 4.5% in 2020 as coronavirus, trade war bite – BASF

China’s GDP growth could fall to 4.5% in 2020 as the impact of the coronavirus continues and no immediate easing of the country’s trade conflict with the US is expected, the CEO at Germany’s chemicals major BASF said on Friday. Chemicals Circular Economy PETBottle

The impact of the coronavirus outbreak in China is expected to continue through the first half of the year, disrupting supply chains, customer demand, and access to raw materials.

This, along with the global economic slowdown and the ongoing US-China trade war, is likely to push down China GDP growth by 1.6 percentage points from 2019, which until this point was the weakest growth rate the country had seen in nearly three decades

Chemicals Circular Economy PETBottle

-Nova Chemicals delays 5 cents/lb PE price increase until March

Nova Chemicals Corp. is delaying a previously announced price increase of 5 cents/lb for its US polyethylene prices, the company said in a letter to customers obtained Friday by S&P Global Platts.

The increase was meant to begin February 1 but is now delayed to implementation on March 1.

The company was not available for a comment Friday.

The price increase is an addition to a previously implemented increase of 4 cents/lb for all polyethylene resins, which began in January 2020.Chemicals Circular Economy PETBottle

Platts last assessed US LDPE at $937-$959/mt FAS Houston, US linear LDPE at $761-$783/mt FAS Houston and US high density PE blowmolding at $772-$794/mt FAS Houston.

Nova Chemicals delays 5 cents/lb PE price increase until March

-MMF sector expected to attract more investments

The removal of anti-dumping duty on PTA (Purified Terephthalic Acid) in the Union Budget is expected to bring in investments in the Manmade Fibre (MMF) sector and benefit the entire value chain.

Madhu Sudhan Bhageria, Chairman and Managing Director of Filatex India, told The Hindu that so far availability of raw material was expensive. It will be lower now. And this will lead to higher availability of PTA too. The entire MMF value chain will benefit. Indian weavers will be able to compete with imported fabric. Chemicals Circular Economy PETBottle

The yarn producers were not planning expansion because of uncertainty on fibre availability.Chemicals Circular Economy PETBottle

Nova Chemicals delays 5 cents/lb PE price increase until March

-Biofuel From Microorganisms

The biofuel sector could soon get a boost, as the researchers at the International Centre for Genetic Engineering and Biotechnology (ICGEB) are developing a method to improve the growth rate and sugar content of a marine microorganism called Synechococcus sp. PCC 7002.

Most biotechnological processes, including biofuel production, are dependent on the availability of low-cost and sustainable supply of sugars and a nitrogen source. The sugars typically come from plants. Plants utilize light energy through the process of photosynthesis to convert carbon dioxide in the atmosphere into biological components such as sugars, proteins and lipids.Chemicals Circular Economy PETBottle

Biofuel From Microorganisms

-Danone aims for 100 per cent rPET in European water bottles

French group Danone wants to expand the use of recycled PET and reduce single-use plastics.Chemicals Circular Economy PETBottle

In Europe, all PET water bottles are to be made of 100 percent recyclate by 2025, the company announced at the release of its annual results.

In addition, Danone intends to explore alternatives, such as glass, cans, and paper-based packaging, as well as new business models for the provision of water.

Chemicals Circular Economy PETBottle

-View: A $30 oil is the real virus threat to Opec

US West Texas Intermediate crude is now firmly below $50 a barrel and global benchmark Brent briefly followed it on Friday.

It’s finally upon us. The week when ministers from the oil producing countries of OPEC and their allies meet to decide on the future of their latest round of output cuts.

Having failed to persuade Russia to bring the meeting forward, Saudi Arabia will now hope to convince its biggest non-OPEC ally of the need to make deeper cuts in the face of a demand slump triggered by the Covid-19 virus. Success is not a foregone conclusion and failure will be costly.Chemicals Circular Economy PETBottle

View: A $30 oil is the real virus threat to Opec

-Flat to Higher Pricing for Polyolefins, PS, PVC and PET

The trajectory for resin pricing going into the second quarter is unsettled by a virus outbreak.

In mid-first-quarter 2020, prices of polyethylene, polystyrene and PVC were up, while polypropylene and PET had potential to move up a bit as well. In most cases, prices had bottomed out and were more on par with global prices.

Domestic demand going into second quarter was not fully clear, though there was cause for optimism, despite significant uncertainties.Chemicals Circular Economy PETBottle

To what extent would domestic resin pricing be affected by the coronavirus outbreak in China, a major importer of U.S.-made PE and PVC.

Flat to Higher Pricing for Polyolefins, PS, PVC and PET

-March paraxylene ACP fails to settle

Negotiations for the March paraxylene (PX) Asia Contract Price (ACP) have failed to settle for a third straight month because of a wide bid-offer gap amid a volatile market.

South Korea’s SK Global Chemical has lowered its offer to $770/t from its initial offer of $840/t while other sellers kept their offers unchanged from initial prices.

March paraxylene ACP fails to settle

-Amaplast members working at full capacity, despite Coronavirus

In consideration of the measures adopted by the Italian Government with regard to the spread of coronavirus, Amaplast – Italian Plastics and Rubber Processing Machinery and Moulds Manufacturers’ Association has emphasised that its member companies have implemented all the actions required by legislation to protect the health and safety of employees.Chemicals Circular Economy PETBottle

Amaplast members working at full capacity, despite Coronavirus

Chemicals Circular Economy PETBottle

Chemicals Circular Economy Polyamide 02-03-2020

Petrochemical Plastics Polyamides CPL Prices

Petrochemical Plastics Polyamides CPL

Petrochemical Plastics Polyamides CPL Prices

Polyestertime
ITEM24/02/202002/03/2020+/-
Bottle grade PET chips domestic market6,225 yuan/ton6,075 yuan/ton-150
Bottle grade PET chips export market815 $/ton800 $/ton-15
Filament grade Semidull chips domestic market

Petrochemical Plastics Polyamides CPL

5,950 yuan/ton5,650 yuan/ton-300
Filament grade Bright chips domestic market5,950 yuan/ton5,725 yuan/ton-225
Pure Terephthalic Acid PTA domestic market4,330 yuan/ton4,160 yuan/ton-170
Pure Terephthalic Acid PTA export market
555 $/ton 530 $/ton-25
Monoethyleneglycol MEG domestic market4,395 yuan/ton4,300 yuan/ton-95
Monoethyleneglycol MEG export market525 $/ton512 $/ton-13
Paraxylene PX FOB  Taiwan market750 $/ton688 $/ton-62
Paraxylene PX FOB  Korea market732 $/ton670 $/ton-62
Paraxylene PX FOB EU market

Petrochemical Plastics Polyamides CPL

677 $/ton614 $/ton-63
Polyester filament POY 150D/48F domestic market7,025 yuan/ton6,500 yuan/ton
-525
Recycled Polyester filament POY  domestic market6,700 yuan/ton6,700 yuan/ton
Polyester filament DTY 150D/48 F domestic market8,700 yuan/ton8,450 yuan/ton-250
Polyester filament FDY 68D24F domestic market 8,000 yuan/ton7,650 yuan/ton-350
Polyester filament FDY 150D/96F domestic market
Petrochemical Plastics Polyamides CPL
7,400 yuan/ton7,000 yuan/ton-400
Polyester staple fiber 1.4D 38mm domestic market6,600 yuan/ton6,520 yuan/ton-80
Caprolactam CPL domestic market10,450 yuan/ton10,250 yuan/ton
-200
Caprolactam CPL overseas  market1,260 $/ton1,250 $/ton-10
Nylon6 chips overseas  market1,650 $/ton1,600 $/ton-50
Nylon6 chips conventional spinning domestic  market11,750 yuan/ton11,250 yuan/ton-500
Nylon6 chips  high speed spinning domestic  market11,950 yuan/ton11,650 yuan/ton-300
Nylon 6.6 chips domestic  market22,600 yuan/ton22,600 yuan/ton
Nylon6 Filament POY 86D/24F domestic  market

Petrochemical Plastics Polyamides CPL

14,200 yuan/ton13,950 yuan/ton-250
Nylon6 Filament DTY 70D/24F domestic  market17,000 yuan/ton16,850 yuan/ton-150
Nylon6 Filament FDY  70D/24F  domestic  market15,350 yuan/ton15,100 yuan/ton-250
Spandex 20D  domestic  market36,500 yuan/ton36,500 yuan/ton
Spandex 30D  domestic  market35,000 yuan/ton35,000 yuan/ton
Spandex 40D  domestic  market29,500 yuan/ton29,500 yuan/ton
Adipic Acid domestic market8,000 yuan/ton7,850 yuan/ton-150
Benzene domestic market5,515 yuan/ton5,160 yuan/ton-355
Benzene overseas  market676 $/ton602 $/ton
-74
Ethylene South East market700 $/ton700 $/ton
Ethylene NWE  market790 $/ton790 $/ton
Acrylonitrile ACN  domestic market9,100 yuan/ton8,500 yuan/ton-600
Acrylonitrile ACN  overseas market1,350 $/ton1,300 $/ton-50
Acrylic staple fiber ASF  domestic market14,200 yuan/ton14,200 yuan/ton
Viscose Staple Fiber VSF  domestic market9,600 yuan/ton9,600 yuan/ton
PP Powder domestic market7,000 yuan/ton6,860 yuan/ton-140
Naphtha overseas market 

Petrochemical Plastics Polyamides CPL

497 $/ton432 $/ton
-65
Phenol domestic market 7,450 yuan/ton7,162 yuan/ton-288
PS Taiwan 5250 GPPS1,035 $/ton 1,015 $/ton-20
PS Taiwan 8250 HIPS1,150 $/ton 1,130 $/ton-20
LDPE CFR Far East 862 $/ton862 $/ton
LLDPE CFR Far East807 $/ton797 $/ton-10
LDPE   FOB Middle East852 $/ton852 $/ton
LLDPE FOB Middle East797 $/ton787 $/ton-10
HDPE CFR Far East802 $/ton792 $/ton-10
LDPE FD Northwest Europe 953 €/ton953 €/ton-
LLDPE FD Northwest Europe 923 €/ton923 €/ton
Homopolymer PP CFR Far East850 $/ton860 $/ton+10
Homopolymer PP FD NWE991 €/ton991 €/ton

Petrochemical Plastics Polyamides CPL

Chemicals Circular Economy Polyamide 02-03-2020

Chemicals Circular Economy Polyamide

Petrochemical Plastics Polyamides CPL Prices

Chemicals Circular Economy Polyamide

Crude Oil Prices Trend 

Crude Oil Prices Trend 

-Forging ahead in 2020 with the Coca-Cola world without waste vision

Coca-Cola meets 2020 with reignited passions and an ever-steadfast commitment to their World Without Waste vision—signifying a renewed focus on the entire packaging lifecycle, from how bottles and cans are designed and made, to how they’re recycled and repurposed. Forging ahead through programs and initiatives that are impactful, relevant, and inclusive, the goal and challenge remains: to help collect and recycle a bottle or can for every one they sell by 2030.

While initial strides are steadily being felt towards this end, Coca-Cola continues to work towards transforming how recyclable packaging is perceived and defined: a valuable resource of limitless use and possibilities. Chemicals Circular Economy Polyamide

Chemicals Circular Economy Polyamide

-AIMPLAS launches LIFE CIRC-ELV to recycle plastics from end-of-life vehicles

AIMPLAS has launched its LIFE CIRC-ELV project, with the aim of creating a new technically and economically viable network in Europe where centres can separate vehicle parts such as fuel tanks and bumpers made of high-interest materials such as PE and PP.

One of the goals of the project is to obtain 12 tonnes of recycled plastic from every thousand vehicles, which by implementing the process and using recycled plastic, the carbon footprint is expected to be reduced by 75 per cent.Chemicals Circular Economy Polyamide

Chemicals Circular Economy Polyamide

-China is preparing a package of measures to restore export

For Russia, this is very important: from the Chinese supply depends on the production of many types of products – from electronics to food. The protracted effects of the virus Chinese “new year holidays” may have an impact on the Russian producers.

For Russia, the Chinese import is not only consumer goods. Delivery from China is critical for some Russian automakers and electronics manufacturers

In the structure of Russian import the share of China exceeds 22%. Basically China exports to Russia machinery, equipment and vehicles (57,04% of the total volume of imports from China, according to the portal “Foreign trade of Russia”), textiles and footwear (10,81%), chemical industry products (10,14%) and food and agricultural products (3,18%). Russia’s imports from China in 2019 exceeded 54.1 billion dollars, and China remains our main trade partner.Chemicals Circular Economy Polyamide

Chemicals Circular Economy Polyamide

-Asia Pacific Rayon selects STeP by OEKO-TEX

Asia Pacific Rayon (APR), with TESTEX, a Swiss testing and certification organisation for textile and leather testing, has selected STeP by OEKO-TEX certification to communicate its commitment to sustainability. Speaking to TESTEX about choosing STeP for sustainability, Ben Poon, business head, APR, spoke about its strategy for sustainable production.

“Sustainability is fundamental to APR. We firmly believe in the value of continuous improvement and transparency in guiding our sustainability efforts and engagement with stakeholders through open dialogues. APR strives to be a leading viscose rayon producer committed to the sustainability, transparency and efficiency of our operations, serving the interests of communities and country, and delivering value with renewable fibre to our customers,” Poon said in an interview with TESTEX.Chemicals Circular Economy Polyamide

Chemicals Circular Economy Polyamide

-Polestar Aims for Sustainable Vehicle Interiors

t’s a bit of a contradiction when electric car companies deck out the interior of their cars in unsustainable materials, such as plastic and leather. Polestar, the electric performance car brand jointly owned by Volvo Car Group and Zhejiang Geely Holding, has made another step towards correcting this irony by substituting in environmentally friendly alternatives.

After introducing the Polestar 2 with a vegan interior, Polestar aims to create sustainable interiors for other production models.

Polestar is working with Bcomp to utilize its environmentally friendly technologies to create interior panels.Chemicals Circular Economy Polyamide

Chemicals Circular Economy Polyamide

-Petchems unaffected by Kuwait port restrictions so far

Petrochemical exports from Kuwait are continuing as normal days after the country announced restrictions at its ports in response to the coronavirus outbreak.

The restrictions do not cover oil vessels and currently do not affect petrochemical traffic either.

Kuwait is a major Mideast Gulf petrochemical producer and regularly exports polypropylene (PP), polyethylene (PE), mono ethylene glycol (MEG) and aromatics to global markets.Chemicals Circular Economy Polyamide

Petchems unaffected by Kuwait port restrictions so far

-Advent Packaging leads in the eco-friendly and biodegradable packaging industry

Advent Packaging helps customers meet their own CSR goals by providing green packaging alternatives

Founded in June 2000, Advent Packaging is reinventing its business for the 21st century with Audrey Bong at the helm since 2017.

Her vision is to realise the sustainable potential of plastic packaging through research and development (R&D).Chemicals Circular Economy Polyamide

“We are creating environmentally friendly and biodegradable packaging,” says Bong, managing director of Advent Packaging, whose upstanding corporate social responsibility (CSR) is transforming the company into a leader in green packaging.

Advent Packaging leads in the eco-friendly and biodegradable packaging industry

-Asia’s garment industry sees lay-offs, factories closing due to coronavirus

Low-wage workers are particularly vulnerable to any global economic downturn triggered by travel restrictions and quarantines as the coronavirus outbreak spreads from China around the world, roiling supply chains.

Temporary factory closures and layoffs have already begun to hit low wage workers across Asia as quarantines and travel restrictions from the new coronavirus disrupt supply chains linked to China.Chemicals Circular Economy Polyamide

For 31-year-old Myanmar worker Aye Su Than, the suspension of production at Hunter Myanmar, which produces clothes for an Italian fashion brand, came out of the blue when managers informed its 900 employees almost two weeks ago.

Asia's garment industry sees lay-offs, factories closing due to coronavirus

-Indorama Ventures registers 18% volume growth in FY19

Indorama Ventures Limited (IVL), a global chemical producer, registered volume growth of 18 per cent in the fiscal year 2019, driven reportedly by inorganic expansion. Industry-wide spreads declined to historical lows in 2019, leading to 20 per cent reduction in IVL’s core EBITDA, as company stated. Operating cash flow increased 33 per cent to $1.3 billion. Chemicals Circular Economy Polyamide

“IVL now has three strong growth engines to generate continued returns for its stakeholders. The first is the combined PET segment, which includes its key feedstocks and recycling business; the integrated oxides and derivatives segment, which includes the recent acquisition of the Spindletop assets; the completed IVOL gas cracker in Louisiana; and lastly the fibres segment, which serves mobility, hygiene and lifestyle verticals,” Aloke Lohia, group CEO of Indorama Ventures, said in a press release.

Indorama Ventures registers 18% volume growth in FY19

Chemicals Circular Economy Polyamide

Chemicals CrudeOil Polyamide BOPP 29-02-2020

Chemicals CrudeOil Polyamide BOPP 29-02-2020

Chemicals CrudeOil Polyamide BOPP

-Apple patent for hi-tech car seat solves a problem created by hi-tech car seat

An Apple patent for a hi-tech car seat describes how the technology could solve a problem created by existing hi-tech car seats …

We may or may not ever see an actual Apple Car, but the company is certainly developing some interesting technology which might someday make it into cars made by other manufacturers. One possibility is a solution to a problem created by the number of different motors in some high-end car seats.

As you adjust the seat to suit you, all these different motors push and pull on the fabric, which is especially problematic with leather, as Apple’s patent explains.

Chemicals CrudeOil Polyamide BOPP

-Anellotech converts Lay’s Potato Chip bag into key feedstock to make plastic bottles.

“This is a world first, a significant step forward for our Plas-TCat technology, solving two major problems at once – expanded rPET supply and efficient, large-scale recycling of single-use packaging (including PE, PP and multilayer films).”

Sustainable technology company Anellotech has announced that a laboratory demonstration of its Plas-TCat technology – which transforms mixed plastic waste directly into chemicals – successfully converted a Lay’s Barbeque Potato Chip (PepsiCo) bag into paraxylene, the primary chemical used to make virgin PET for beverage bottles.

The conversion also had high yields of benzene, toluene and olefins used to make a range of plastics, including polyethylene, polypropylene, nylon, ABS and polycarbonate.

Consumer goods brand owners in the beverage, textile, food and cosmetics sectors are setting ambitious 2025-2030 goals to include recycled PET (rPET) content in their products. Used beverage bottles are the main source of rPET – however, not enough beverage bottles are currently produced, collected or recycled to satisfy growing global demand.Chemicals CrudeOil Polyamide BOPP

 

-Agthia Launches Middle East Region’s First Plant-based Water Bottle and Signs Sustainability MoU With Veolia at Gulfood 2020

Al Ain Plant Bottle set to be region’s first plant-based water bottle

MoU with Veolia makes Agthia the exclusive FMCG to pilot a recycling program of this caliber in the region  Chemicals CrudeOil Polyamide BOPP

Agthia Group PJSC, one of the region’s leading food and beverages companies,  announced the launch of Al Ain Plant Bottle, the region’s first plant-based water bottle, at a press conference on the sidelines of Gulfood 2020 during UAE Innovation Month, in the presence of H.E. Dr. Thani Al Zeyoudi, UAE Minister of Climate Change and Environment.

An MoU was also signed between Agthia and Veolia, a global leader in optimized resource management, to launch a PET water bottles collection initiative in the UAE.

Chemicals CrudeOil Polyamide BOPP

-Oerlikon hosts annual technology symposium in India

For more than a decade now, the Manmade Fibers segment of the Swiss Oerlikon Group has been hosting a comprehensive technology symposium at the beginning of each year in the Indian region around Silvassa/Daman. Numerous Indian manmade fiber producers have settled in this area, around a four-hour drive north of Mumbai.

Fed from Oerlikon polycondensation and extrusion systems, these companies manufacture polyester, nylon and polypropylene on large-scale installations with Oerlikon Barmag WINGS POY, WINGS FDY, IDY and DTY product lines and using Oerlikon Neumag’s staple fiber and BCF technologies. Reason enough for the Manmade Fibers segment’s experts to regularly provide their clientèle with detailed specialist presentations in India on the latest developments of the product and service portfolio.Chemicals CrudeOil Polyamide BOPP

Chemicals CrudeOil Polyamide BOPP

-INVISTA MAKES PROGRESS ON SHANGHAI ADIPONITRILE PLANT

Invista (Wichita, Kan.; www.invista.com) has announced its continues progress on a planned 400,000-ton adiponitrile (ADN) plant at the Shanghai Chemical Industry Park (SCIP). This $1.2 billion USD (8.4 billion RMB) investment will help meet the growing demand for nylon 6,6 chemical intermediates in China and the Asia Pacific region. Fluor was recently awarded a contract for EPC work at this site.

In January, the project obtained Environmental Impact Assessment (EIA) approval and Safety Condition Review approval. Detailed engineering and procurement on the project are well underway—with awards already made for more than 90 percent of process equipment. Invista plans to begin construction on the project this year and start production in 2022.Chemicals CrudeOil Polyamide BOPP

Chemicals CrudeOil Polyamide BOPP

-Top Green Heat-Shrink PET Film Gets Thumb’s Up from Association of Plastic Recyclers

Far Eastern New Century’s (FENC) Top Green heat-shrinkable PET film for shrink sleeve labels has been recognized by the Association of Plastic Recyclers (APR) for meeting or exceeding the requirements of APR’s Critical Guidance Protocol for Clear PET Articles with Labels and Closures (PET-CG-02). The announcement was made last week at APR’s annual meeting in Nashville.Chemicals CrudeOil Polyamide BOPP

The heat-shrinkable PET film delivers significantly improved recyclability of post-consumer PET bottles compared with alternative polyester materials such as PETG, according to George Pinter, a partner with Klear Plastic Ventures LLC (KPV), the Ann Arbor, MI–based distributor of FENC’s film in the United States and Canada. The majority of other shrink films currently used for sleeve labels are unable to meet APR guidelines.

Top Green Heat-Shrink PET Film Gets Thumb’s Up from Association of Plastic Recyclers

-PKN ORLEN licenses Honeywell technology for phenol production

Honeywell has announced that PKN ORLEN plans to use the UOP Q-MaxTM and Phenol 3G technologies to produce 200 000 tpy of phenol at its facility in Plock, Poland. UOP is providing a licence for the technology, in addition to basic engineering design services, plus key equipment, catalysts and adsorbents and technical services.

As part of the project, UOP will provide a cumene unit and a phenol unit with alpha methyl styrene hydrogenation. Chemicals CrudeOil Polyamide BOPP

When completed, the new complex would increase PKN’s market position in high-margin petrochemicals including phenol and acetone.

Chemicals CrudeOil Polyamide BOPP

-New pilot program aims to bring recycling solutions to the pet industry

Three companies establish Flex Forward

Earth Animal, the trusted choice in award-winning, veterinary formulated products, Petfood Experts, a wholesale distributor serving 4500 independently owned retailers and the Pet Sustainability Coalition (PSC), a nonprofit that advances business through environmental and social practices, announces Flex Forward – a 2020 return-to-retail packaging pilot program aimed at reducing landfill waste and delivering sustainable packaging solutions to the pet industry.Chemicals CrudeOil Polyamide BOPP

For Michael Baker, Pet Food Experts CEO, the idea to partner with these organizations was a no-brainer: “With shared values and a commitment to sustainability, the idea to partner with Earth Animal and PSC came naturally.  As leaders in sustainability, we owe it to the industry to be a beacon for others to follow on the journey to a more sustainable future.”

Chemicals CrudeOil Polyamide BOPP

-NFY production reboot needs more helpers  – Nylon Filament Yarn- Caprolactam China

The first month of Chinese lunar calendar has come to an end, and the weaving industry has ushered in the first wave of labor returning since the COVID-19 was strictly controlled last week (Feb 17-23).

However, new orders were hardly heard and even delivery for previously taken orders was slow. The run rate of nylon textile filament plants slowly lifted from 30% to 41% over the week, as only those who completely shut production gradually recovered operation. There were several reason for the slow reboot of NFY plant production.

  1. Although the epidemic situation control had been gradually relaxed, it was still difficult for workers to return to work quickly. Migrant workers still needed to be quarantined for 7 or 14 days, which directly affected the production ratio of NFY plants.
  2. The problems of logistics and auxiliary materials gradually eased, but the recovery of downstream demand was very limited. Near the Lantern Festival, poor logistics and shortage of auxiliary materials were the main reasons leading to the production cut or shut for some filament mills. However, starting last week, these two problems have gradually eased. However, the shortage of workers was the main reason for the slow recovery of production in downstream such as cloth mills and garment factories, which meant that the increase in spinning consumption was limited, which also indirectly affected the enthusiasm of filament mills to increase loads. Chemicals CrudeOil Polyamide BOPP

NFY production reboot needs more helpers  - Nylon Filament Yarn- Caprolactam China

-PX threatened by epidemic outbreak in China and S. Korea

The COVID-19 is spreading fast in Northeast Asia. Market participants show concerns in the supply of petrochemicals, including PX, from South Korea and Japan.

As is known to all, global PX capacity concentrates in Asia. South Korea and Japan account for over 20% of world’s total.

China, as a major PX consumer, depends greatly on the imports of PX from South Korea and Japan. China received about 8.14 million tons of PX from those two countries, 54% of the total PX imports.Chemicals CrudeOil Polyamide BOPP

Therefore, the plant operations in the two countries, especially in South Korea, would make a big difference to China’s PX supply.

However, we can find from the analysis that the earlier spread of epidemic in China brought impact more on the consumption of PX rather than directly on the plant operating rate. In addition, as moving PX mostly relied on ships, PX movements in China was barely affected.

PX threatened by epidemic outbreak in China and S. Korea

Chemicals Crude Oil Polyamide BOPP

Chemicals Biodegradable Polyamide BOPP 28-02-2020

Chemicals Biodegradable Polyamide BOPP 28-02-2020

Chemicals Biodegradable Polyamide BOPP

Crude Oil Prices Trend 

Crude Oil Prices Trend 

-Why PEEK is becoming increasingly popular in the medical sector

John Devine, medical business director at Invibio Biomaterial Solutions, a subsidiary of Victrex, spoke with MPN to explain the accelerating role of both non-implantable and implantable grades of PolyEther Ether Ketone (PEEK) polymers.

What are the major trends you anticipate for drug-delivery devices within the future?

We see a key trend towards connected drug-delivery devices or e-devices, such as insulin pumps which are used in the treatment of diabetes. E-devices have smaller dimensions compared to non-e-devices and are miniaturised to precise tolerances, resulting in reduced weight and easier use. When complex electronic components must be embedded, they too are designed to be compact with the lowest possible wall thickness.

Chemicals Biodegradable Polyamide BOPP

-Clariant: new colours for high temperature resins

Clariant has announced the availability of colour masterbatches for use in producing new FAKRA high-speed data connectors for next-generation automobiles.

The new masterbatches, available in 14 standard colours, were developed by Clariant in co-operation with major global polymer producers.Chemicals Biodegradable Polyamide BOPP

UL-Yellow Card-listed, change-controlled, and available globally, the colour concentrates help ensure performance and stability in high-temperature engineering plastics – including Nylon 66, PBT and PPA.

Chemicals Biodegradable Polyamide BOPP

-planarTECH’s graphene equity crowdfunding project is now live

UK-based planarTECH has launched an equity crowdfunding campaign at on Seedrs, as part of Graphene-Info’s Graphene Crowdfunding Arena. planarTECH aims to expand its current business and also initiate new graphene endeavors. Investors are now able to participate in this financing round, already at 39% only a few hours after it opened!

planarTECH, founded in 2014, supplies CVD equipment for the production of high quality graphene sheets, as well as other 2D materials. The company was focused on research institutes, and already sold over 65 systems with a customer list that includes Manchester University, the University of Cambridge, Stanford University and the National University of Singapore  Chemicals Biodegradable Polyamide BOPP

Chemicals Biodegradable Polyamide BOPP

-New lyocell padding product touts biodegradability

The insulating material won’t pollute soil or water

Weinheim, Germany – A new biodegradable padding made from lyocell is engineered to degrade in the ground in less than 60 days.

Freudenberg Performance Materials developed the comfortemp padding to meet all the performance requirements for thermal insulation for sports and outdoor clothing, while still reducing its ecological footprint for textile waste disposal.Chemicals Biodegradable Polyamide BOPP

Chemicals Biodegradable Polyamide BOPP

-Oeko-Tex updates standards guidelines for 2020

After a transition period, the regulations are effective April 1

An expanded list of substances to watch is part of the updated guidelines from Oeko-Tex for 2020.Chemicals Biodegradable Polyamide BOPP

After introducing its Made in Green label in 2015 for textiles, the standards organization has expanded the sustainability label to include leather products. Leather articles labeled with Made in Green must be tested for harmful substances in accordance with the Leather Standard as well as being produced in environmentally friendly facilities in socially acceptable workplaces in accordance with Step certification (Sustainable Textile and Leather Production). This ensures that consumers can track leather goods such as clothing, shoes and furniture using a unique product ID or QR code on the label.

Chemicals Biodegradable Polyamide BOPP

-Accelerating development of innovative sustainable solutions at INDEX

Beaulieu Fibres International, a leading European polyolefin and BICO fibre supplier, will announce the completion of its pilot line in Terni, Italy, the start-up of the state-of-the-art multifunctional production line in Terni, and the new BICO line in Belgium, at INDEX20 (Stand 1340). The company “invites the nonwoven sector to join efforts in accelerating the development of innovative and sustainable solutions for a rapidly changing global market.”

“We are delighted to launch our new pilot line, extending our capabilities as a reliable partner for product development,” comments Maria Teresa Tomaselli, General Manager at Beaulieu Fibres International.Chemicals Biodegradable Polyamide BOPP

Chemicals Biodegradable Polyamide BOPP

-APIC meeting postponed on coronavirus

The Asia Petrochemical Industry Conference (APIC) meeting, due to take place 28-29 May in New Delhi, India, has been postponed because of the coronavirus outbreak.

The organisers are concerned that travel restrictions by companies, especially in Asia, would affect attendance at the meeting. They hope to reschedule the event later in the year.Chemicals Biodegradable Polyamide BOPP

According to an e-mail sent from the APIC steering committee on 26 February: “As our member countries are from the region significantly impacted, we sought the opinion of steering committee members regarding rescheduling of APIC 2020. All steering committee members were of the opinion to reschedule the event.”

APIC meeting postponed on coronavirus

-Asia naphtha extends losses by 3% as virus stokes demand fears

Asia naphtha prices spiraled lower as crude oil markets weakened on concerns of a slowdown in global demand stemming from the coronavirus spread.

On Thursday morning, naphtha prices averaged at around $447/tonne CFR (cost and freight) Japan for first-half April delivery, down by more than $15.25/tonne or 3% from the previous day’s Asia close.Chemicals Biodegradable Polyamide BOPP

Prices have fallen by $60.50/tonne from a week ago, sending them to their lowest since July 2017, ICIS data shows.

Asia naphtha extends losses by 3% as virus stokes demand fears

-ADD removal on PTA respite to man-made textiles: Ind-Ra

The withdrawal of anti-dumping duty (ADD) on purified terephthalic acid (PTA) would further improve the affordability of man-made textiles, giving it an advantage over cotton, according to India Ratings and Research (Ind-Ra), which believes the PTA spread of ₹7-8 per kg (import landed price over domestic) will reduce over the near term, with landed PTA being cheaper by ₹4-6 per kg.Chemicals Biodegradable Polyamide BOPP

This would lead to the prices of finished products falling by ₹3-5 per kg, which would give a boost to demand. In addition, the removal of the duty would lead to higher imports, thereby reducing supplier concentration and improving the bargaining power of downstream producers, Ind-Ra said in a press release.

ADD removal on PTA respite to man-made textiles: Ind-Ra

-Government greenlights greater use of biomass in energy production

The government on Thursday agreed to amendments to the Electricity Market Act that would allow biomass to be used in greater amounts alongside oil shale in the production of electric energy in Estonia.Chemicals Biodegradable Polyamide BOPP

Minister of Economic Affairs and Infrastructure Taavi Aas said it makes sense to increasingly substitute oil shale with low-value wood waste to increase the competitiveness of the Narva power plants on the electricity market, preserve jobs in the energy sector and create new jobs in forestry.

Government greenlights greater use of biomass in energy production

Chemicals Biodegradable Polyamide BOPP

Chemicals Biodegradable Polyamide BOPET 27-02-2020

Chemicals Biodegradable Polyamide BOPET 27-02-2020

Chemicals Biodegradable Polyamide BOPET

-Invista declares force majeure for the Nylon 66 / PA66

Invista declares force majeure for Nylon 66 / PA66 for the plant located in Kingston, Ontario.

Invista has been forced to declare force majeure for the PA66 plant located in Kingston, Ontario, Canada due to problems receiving railcar shipments of feed stock that are needed to make polymer.

The disruption in rail service in Canada is being caused by Indigenous anti pipeline protesters/activists in support of the Wet’suwet’en First Nation in British Columbia who are fighting a 416-mile gas pipeline crossing through the Tyendinaga Hohawk territory.

The protesters in Ontario have blocked rail service since Feb. 10th, which has been blamed for 1,400 layoffs at Canada’s main rail companies, and disrupted feed stock and chemical shipments in and around Ontario.

In early February Canadian National, which owns the rail line, won an injunction to clear the blockade near the city of Belleville, Ontario.  Chemicals Biodegradable Polyamide BOPET

Unfortunately, the police are wary of protests and violent confrontations like in the 1990s with Indigenous groups, so thus far the authorities have been unwilling to forcefully remove the protesters/activists from the tracks.

Crude Oil Prices Trend

Crude Oil Prices Trend

-TAIF GC to continue to implement biopolymer production project

The Tatarstan company believes that the licensor’s problems shouldn’t influence the end result

TAIF GC’s licensor — Italian bioplastic manufacturer Bio-On S.p.A. — announced bankruptcy after the court’s decision late last year. Regardless of the Italian company’s further fate, 2BIO JSC, which was created by TAIF JSC together with Milan-based InvestiRE Italia società a responsabilità limitata, continued the elaboration of the basic project of bioplastic production. As Realnoe Vremya found out, Italian authorities took the solution of the licensor’s problems under control.

Chemicals Biodegradable Polyamide BOPET

-Serbia, India, Pakistan and European Bioplastics

Michael Stephen, an international spokesperson from the plastics industry, shares his thoughts and opinion on important issues impacting the bioplastics industry. Today, Michael writes about Serbia, India, Pakistan, Printweek, Re-inventing the Wheel and European Bioplastics.Chemicals Biodegradable Polyamide BOPET 

Serbia

I was reading an article “Plastic bags must be regulated by comprehensive law” on 21st February about a conference in Belgrade.  It seems that everyone agreed that Serbia has to regulate the issue of plastic bags in a systematic way, and that producers are rightly complaining of uncertainty in policy.

Chemicals Biodegradable Polyamide BOPET

-Bickford’s installs flexible PET line for sensitive drinks and CSD

Bickford’s, a family-owned and treasured Australian brand, put their trust in Sidel for the very first time, and installed a complete, flexible PET line, handling both sensitive beverages and carbonated soft drinks (CSD).

Riding the wave of healthy living, it was not only able to expand their portfolio but also to improve production efficiency and sustainability.Chemicals Biodegradable Polyamide BOPET 

All in all, this significantly optimised their total cost of ownership (TCO), while relying on new bottle designs.

Chemicals Biodegradable Polyamide BOPET

-Plant-based PEF Plan to Commercialization: The Digest’s 2020 Multi-Slide Guide to Avantium’s Renewable Polymers

We may love our pet, but do we love fossil-based PET? Don’t worry, PEF is working on kicking PET out of the plastics space. PEF is one of the most interesting plant-based polymers right now and Avantium is looking to PEF for the future of packaging. Their market traction in high-value applications like multilayer packaging, enhanced bottles and optical film are nothing to scoff at.Chemicals Biodegradable Polyamide BOPET 

How are they doing it? What can we learn from them? What’s their next step in commercializing renewable polymers? What’s the latest engineer studies for the 5 Kiloton Flagship Plant? A detailed timeline path to commercialization and answers to these questions and more.

Plant-based PEF Plan to Commercialization: The Digest’s 2020 Multi-Slide Guide to Avantium’s Renewable Polymers

-China site for Calysta’s commercial scale-up

THE first commercial scale plant for Calysta’s single cell protein fish feed is to be built in China.Chemicals Biodegradable Polyamide BOPET 

The factory, with an eventual capacity of 100,000 tonnes, will produce the novel ingredient FeedKind, which is made by fermenting natural gas.

The development is the result of a joint venture between FeedKind manufacturer Calysta and feed additives company Adisseo.

China site for Calysta’s commercial scale-up

-P&G Launches New Line of Antibacterial Cleaning Products, Microban 24

Don’t worry about continuously reapplying this new antibacterial cleaner. Microban 24 keeps surfaces protected for 24 hours1.Chemicals Biodegradable Polyamide BOPET 

oday, P&G announced the launch of Microban 24, a new brand of antibacterial home sanitizing products that keeps surfaces protected against bacteria for 24 hours when used as directed.

Not only does Microban 24 kill 99.9% of bacteria on contact, but it also keeps working throughout the day. Microban 24 provides a protective shield that keeps killing bacteria for a full 24 hours, even when the surface is touched or contacted multiple times.

P&G Launches New Line of Antibacterial Cleaning Products, Microban 24

-UFlex Gears up To Reduce Delhi-NCR Plastic Waste

Of the 8.3 billion metric tons of plastic that has been produced in the world, a recent study states that a whopping 6.3 billion metric tons has become plastic waste either lying in the landfill or swimming in the ocean. A meagre 9% of this plastic waste gets recycled. Reports indicate that by 2050, there will be 12 billion metric tons of plastic on this planet, if there isn’t an eco-system built to recycle plastic waste.Chemicals Biodegradable Polyamide BOPET 

UFlex, a pioneer in Multilayer Plastic Manufacturing and Waste recycling, is scaling up its recycling strength to help build a circular economy, by the way of setting up two lines that will wash and recycle post-consumer waste and subsequently give a second life to plastics.

UFlex Gears up To Reduce Delhi-NCR Plastic Waste

-Investors chase sustainable aromatics

Processes using lignin, sugar, plastic waste, and more are moving out of the lab

udo Diels, a research leader at the Belgian science institute Vito, gives a hopeful smile when asked if aromatic molecules—which make up about 40% of all industrial chemicals produced today—could soon be made from waste biomaterials or plastic.

Several years ago there was widespread talk that the arrival of such sustainable aromatics was imminent, but little—if any—commercial activity materialized. This time, though, Diels, who chairs the advisory board of Shared Research Center Biorizon, a Dutch research center that is striving to commercialize bioaromatics, is confident bioaromatics will soon be developed. “It’s our ambition to be on the market in 2025, and we are on schedule,” Diels says.Chemicals Biodegradable Polyamide BOPET 

Investors chase sustainable aromatics

-Switching to plant-based plastics

In 2017, industrial ecologist, Roland Geyer, led a study on the ‘Production, use and fate of all plastics ever made’ and estimated that there are more than 8.3 billion metric tons (Mt) of plastics that have been produced since the 1950s.

The study also found that in 2015, only nine percent of plastics have been recycled, 12 percent incinerated and 79 percent accumulated in landfills or the ocean.

If this trend continues, it is expected that roughly 12,000 Mt of plastic waste will be in landfills or the natural environment by 2050.Chemicals Biodegradable Polyamide BOPET 

It is undeniable that plastic waste contributes to the earth’s ecological devastation and issues in human health.

-Switching to plant-based plastics

-Audi now uses recycled plastic bottles in their seat fabrics

Just about every automaker uses recyclable materials in their cars today. From bumpers, interior bits, and even wiring harnesses, manufacturers are finding ways to build cars greener. Audi, on the other hand, has brought that up to the next level.

Instead of using fabrics and textiles for their seats, the German automaker will be making seat trims out of recycled plastic bottles. Chemicals Biodegradable Polyamide BOPET 

It will first be used in the next-generation A3 with other models eventually following suit. So how do they do it?

Audi now uses recycled plastic bottles in their seat fabrics

Chemicals Biodegradable Polyamide BOPET

Chemicals Biodegradable Polyamide Film 26-02-2020

Chemicals Biodegradable Polyamide Film 26-02-2020

Chemicals Biodegradable Polyamide Film

Crude Oil Prices Trend 

Crude Oil Prices Trend 

-Finding the Right Melt Filtration System for Post-Consumer Recycling

To achieve high-quality pellets at the end of the recycling process, chose filtration technology based on both the input materials as well as the performance requirements of the finished material.

Melt filters are a critical component in plastics recycling systems as they remove contaminants such as paper, cardboard, wood, rubber, aluminum or even foreign plastics from the stream. To achieve high-quality pellets at the end of the recycling process, the right filtration technology should be chosen based on both the input materials as well as the performance requirements of the finished pellets. Chemicals Biodegradable Polyamide Film

Chemicals Biodegradable Polyamide Film

-Global chems trade slows on coronavirus uncertainty

The coronavirus outbreak continues to send shockwaves around the world as markets become bearish on perpetual uncertainty.

Efforts to contain the virus have disrupted global trade-flows of material in the petrochemicals industry, which has restrained movement in the shipping industry.

While public concern of the situation remains prominent, there have been discrepant views on how this has impacted the flow of chemical shipments.Chemicals Biodegradable Polyamide Film

Chemicals Biodegradable Polyamide Film

-Prices Bottom Out for PE & PP? Up for PS, Flat-to-Down for PVC & PET

Drivers include parity with global prices, ample supplies and higher raw material costs in some instances.

By the end of the first full week of 2020, it appeared that prices of both polyethylene and polypropylene may be bottoming out, with domestic prices generally in parity with global polyolefin prices. Crude oil prices moved higher in the first week of January amid escalating tensions in the Mideast, which helped feed into international market sentiment that PE and PP prices had reached a bottom.Chemicals Biodegradable Polyamide Film

Chemicals Biodegradable Polyamide Film

-Coronavirus outbreak to lower China 2020 GDP growth to 5.6% – IMF

The coronavirus outbreak could lower China’s economic growth to 5.6% this year and cut global growth by 0.1 percentage point, International Monetary Fund (IMF) managing director Kristalina Georgieva said over the weekend.

The growth projection for China is 0.4 percentage point lower than the previous IMF estimate made in January this year.Chemicals Biodegradable Polyamide Film

In 2019, the world’s second-biggest economy posted a 6.1% growth – its slowest in nearly 30 years.

Chemicals Biodegradable Polyamide Film

-Shima Seiki to show latest textile machines at JEC World

Leading Japanese textile solutions provider, Shima Seiki of Wakayama, Japan, has announced that it will exhibit its latest range of textile machines, at the upcoming JEC World 2020 exposition, in hall 6, booth P28. JEC World, the leading international composites show, will be held from March 3-5, 2020, at Paris Nord Villepinte, halls 5 & 6, in France.Chemicals Biodegradable Polyamide Film

Shima Seiki, for the first time at JEC World, will display a prototype weft knitting machine under development that is capable of multi­axial insertion. Fabrics produced on the prototype machine use inlay technique for the production of hybrid textiles that combine the stretch characteristics of knitted fabrics with the stability of woven textiles, suited to various technical applications.

Chemicals Biodegradable Polyamide Film

-The market for recyclate PET (rPET) is expected to record a CAGR of above 7%

Reportlinker.com announces the release of the report “Recyclate PET Market – Growth, Trends, and Forecast (2020 – 2025)” – https://www.reportlinker.com/p05865837/?utm_source=GNW

On the flip side, lower profit margins in the industry are expected to hamper the growth of the market.

– The industrial yarn segment dominated the market. It is expected to grow during the forecast period, with increasing production of industrial yarn made from recycled PET bottles.Chemicals Biodegradable Polyamide Film

– The innovations in recycling technologies for automatic processing and sorting of plastics and the discovery of new material sources are likely to provide opportunities for the studied market, during the forecast period.

The market for recyclate PET (rPET) is expected to record a CAGR of above 7%

-CarbonLite targets Florida for $80M bottle-to-bottle recycled PET plant

Los Angeles-based CarbonLite Industries LLC is building its fourth bottle to bottle PET recycling plant in the United States, in Florida.

CarbonLite Industries LLC, one of the largest makers of food grade post-consumer PET resin, is investing $80 million in a new plant in Florida to meet increasing demand for recycled content plastic from major beverage companies.

The facility near Orlando would be the company’s fourth in the United States, joining current factories in Riverside, Calif., and Dallas as well as a third plant near Reading, Pa., that should be fully operational in March, said Chairman Leon Farahnik.

“We are doing this because of our customer base and the need for the post-consumer content in their product line,” Farahnik. “We supply all the major beverage companies across the country with post-consumer content.”Chemicals Biodegradable Polyamide Film

CarbonLite targets Florida for $80M bottle-to-bottle recycled PET plant

-Pregis joins CEFLEX

Pregis, a leading protective packaging materials and automated systems manufacturer, has joined Circular Economy Flexible Packaging (CEFLEX), a European consortium of companies and associations representing the entire flexible packaging value chain.

CEFLEX has established a roadmap and targets to achieve a circular economy for flexible packaging for the years 2020 to 2025, and increase recycling efforts across the EU. Robust actions also include guidelines on packaging design, driving collection and sorting of flexible packaging materials, as well as the identification of sustainable end markets for their downstream use.Chemicals Biodegradable Polyamide Film

Pregis joins CEFLEX

-Axion urges recycled polymers market collaboration

Collaboration between plastic recyclers and injection moulders/manufacturers is key to creating new end markets for recycled polymers, according to Axion Polymers.

With more manufacturers looking to increase recycled content, the UK-based plastics recycler suggests this presents opportunities for alternatives to virgin material.

At Axion’s two processing sites, recovered plastics and waste electrical goods are refined into high-quality engineering polymers that match virgin quality. The bespoke recycled Axpoly and Axplas polymers can be tailored to specifications for use in a range of new products.Chemicals Biodegradable Polyamide Film

Axion urges recycled polymers market collaboration

-Ethylene demand concerns remain ahead of European March contract talks

The European ethylene market is set to enter March with a supply overhung stemming from sluggish domestic downstream demand, exacerbated by the recent coronavirus outbreak.

With the Asian market closed to ethylene due to the effects of the coronavirus virus on Chinese industry and transport hubs, the European surplus remained stranded and talk of cracker run cuts emerged in recent weeks.Chemicals Biodegradable Polyamide Film

Ethylene demand concerns remain ahead of European March contract talks

Chemicals Biodegradable Polyamide Film

Chemicals Biodegradable Polyamide Fabric 25-02-2020

Chemicals Biodegradable Polyamide Fabric 25-02-2020

Chemicals Biodegradable Polyamide Fabric

Crude Oil Prices Trend 

Crude Oil Prices Trend 

-Exclusive: Toray develops ‘first’ 100% plant-based polyester

Japanese materials group eyes sustainability shift in apparel industry

Japanese materials maker Toray Industries looks to start mass production of polyester made entirely from plants, a breakthrough poised to cut reliance on petroleum and slash carbon emissions, Nikkei has learned.

Toray developed what is being described as the world’s first 100% plant-based polyester jointly with Virent, a U.S. biofuels startup. Production is set to begin in the early part of this decade, people familiar with the matter said.

Chemicals Biodegradable Polyamide Fabric

-Sugarcane Based PET Bottle Market Product and Economic Impact of key player on Industry During 2020-2026

The Sugarcane Based PET Bottle Market report provides estimations about the growth rate and the market value based on market dynamics and growth inducing factors.

While preparing this Global Sugarcane Based PET Bottle market analysis report, few of the attributes that have been adopted include highest level of spirit, practical solutions, committed research and analysis, innovation, integrated approaches, and most up-to-date technology. Chemicals Biodegradable Polyamide Fabric

Chemicals Biodegradable Polyamide Fabric

-China releases second batch of US products for tariff exemption

China will exempt from punitive tariffs more US goods for one year from 28 February, the Customs Tariff Commission of the State Council said on Friday.

The latest list covers 66 types of products, such as wood, laser machines and auto-driving devices, among others. No petrochemicals are included in the list.

Another list in the second batch will be released later, the Commission said.

The first batch of exemption was implemented in two sets in the second half of 2019 – one in September and another in December. Chemicals Biodegradable Polyamide Fabric

Chemicals Biodegradable Polyamide Fabric

-Eurozone economy picks up in February despite weakness in manufacturing

Manufacturing continued to hamper the recovery of the eurozone economy in February, according to IHS Markit on Friday.

The flash composite Purchasing Managers’ Index (PMI) – accounting for both the services and manufacturing sectors – rose to 51.6 points in February from 51.3 the previous month.

While this signifies the largest monthly increase in business activity since last August, manufacturing remained universally below the 50.0 neutral-mark – a reading below shows economic contraction.  Chemicals Biodegradable Polyamide Fabric

Chemicals Biodegradable Polyamide Fabric

-US AdvanSix expects continued nylon oversupply – execs

US nylon 6 producer AdvanSix will continue to face unfavourable industry conditions in nylon amid industry oversupply and weak demand in the near-term.

Meanwhile, the company has a “neutral” outlook for its ammonium sulphate (AS)  and chemical intermediates businesses in 2020, CEO Erin Kane and CFO Michael Preston said during AdvanSix’s Q4 earnings call on Friday.

Nylon was off to a slow start in 2020, following a tough 2019. With the ongoing challenges, total market pricing will likely be a “headwind” for the company in 2020 on a year-on-year basis, they said. Chemicals Biodegradable Polyamide Fabric

US AdvanSix expects continued nylon oversupply - execs

-China chems demand, prices and operating rates suffer as coronavirus persists

Coronavirus continues to wreak havoc on China’s chemicals industry, though there are early signs of recovery in demand for the polyolefins sector.

Although the country’s central government is easing restrictions on logistics and the movement of people, millions of migrant workers remain stranded or in quarantine.

Industrial value chains are still being disrupted with factories crippled by lack of raw materials, manpower, high inventories, and poor downstream demand.Chemicals Biodegradable Polyamide Fabric

China chems demand, prices and operating rates suffer as coronavirus persists

-Jokowi Inaugurates Indonesia’s Largest Viscose Rayon Facility

Pelalawan. With the inauguration of the country’s largest viscose rayon facility managed by Asia Pacific Rayon (APR) in Riau, Indonesia is one step closer in the “Making Industry 4.0” roadmap, President Joko “Jokowi” Widodo said on Friday.

In 2018, the government launched the roadmap to make Indonesia as one of the world’s 10 biggest economies by 2030.Chemicals Biodegradable Polyamide Fabric

The key strategies include the strengthening of the national textile and textile product (TPT) industry. For the roadmap to come to fruition, active involvement by the industry players is required.

Jokowi Inaugurates Indonesia's Largest Viscose Rayon Facility

-Coca-Cola envisions world without waste

Coca-Cola meets 2020 with reignited passion and steadfast commitment to its World Without Waste vision—signifying a renewed focus on the entire packaging lifecycle, from how bottles and cans are designed and made, to how they’re recycled and repurposed.

Forging ahead through programs and initiatives that are impactful, relevant and inclusive, the goal and challenge remains: to help collect and recycle a bottle or can for every one they sell by 2030.Chemicals Biodegradable Polyamide Fabric

While initial strides are steadily being felt towards this end, Coca-Cola continues to work towards transforming how recyclable packaging is perceived and defined: a valuable resource of limitless use and possibilities.

Coca-Cola envisions world without waste Coca-Cola meets 2020 with reignited passion

-Arkema bringing high-performance composites to JEC World 2020

The Arkema Group will showcase its offer of advanced materials and new solutions for increasingly effective composites at JEC World 2020 (3-5 March).

These innovations were developed through strategic partnerships to meet changing 3D production technologies and keep up with increasing demand for advanced composites in the construction, transportation, wind and sport sectors.

Rapid digital development is substantially changing the way in which products are designed and manufactured in many sectors.Chemicals Biodegradable Polyamide Fabric

-Baerlocher strengthens recycling applications through PRSE 2020

Following high interest from recyclers at K 2019, Baerlocher will exhibit at the Plastics Recycling Show Europe 2020 in Amsterdam (25-26 March).

A leading supplier of PVC additives, Baerlocher is also a long-established provider of additives for PP, PE and other thermoplastics developed by its Special Additives business unit. The portfolio includes the unique Baeropol RST stabiliser, which has formed the basis for a set of additive blends that have been found to be particularly useful in polyolefin recycling applications.Chemicals Biodegradable Polyamide Fabric

Baerlocher strengthens recycling applications through PRSE 2020

Chemicals Biodegradable Polyamide Fabric

Chemicals Biodegradable Polyamide PET 24-02-2020

Chemicals Biodegradable Polyamide PET 24-02-2020

Chemicals Biodegradable Polyamide PET

Petrochemical Plastics Polyamides ACN Prices

Chemicals Biodegradable Polyamide PET

Crude Oil Prices Trend

Crude Oil Prices Trend

-Safilo and Aquafil in partnership for eco-sustainable eyewear (Italian Language Only)

Safilo, one of the world leaders in the design, production and distribution of glasses, announces the introduction of ECONYL regenerated nylon in the eyewear collections, thanks to a pioneering partnership with Aquafil, a global player with over fifty years of experience in the creation of synthetic fibers .
ECONYL is a regenerated nylon obtained through the regeneration and purification process of plastic waste, such as fishing nets, synthetic fabric waste and industrial plastic.

ECONYL, obtained through a depolymerization and repolymerization process, has the same characteristics as nylon from virgin or petroleum sources, without any difference in quality or performance, and can be recycled, recreated and remodeled several times, without losing its properties .

The choice of this material, never used before in the industrial production of glasses, is a sign of Safilo’s further progress in the sustainability strategy and its commitment to pursuing innovation as a driver of growth and development.

Safilo and Aquafil in partnership for eco-sustainable eyewear

-New synthetic bioplastic blocks UV radiations with better airtightness

The transparency of the bioplastic is still good.

Plastic, despite the greener initiatives, remains the king in many industries and also in the daily lives of the citizens. The alternative is a bioplastic, a new type of plastic made from plants or other biological materials instead of petroleum.

Now, a team of researchers at Finland’s University of Oulu has developed new synthetic bioplastic that, unlike traditional carbon-based plastics or other bioplastics, provides protection from the sun’s ultraviolet radiation. It not just blocks the harmful UV radiations, but is also 3-4 times more airtight than the standard PET plastic. The transparency of the bioplastic is still good.

Chemicals Biodegradable Polyamide PET

-Lotte Chemical : Govt refuses to allow raw material import from India

Amid a trade standoff with the neighbouring country, the government has refused to allow South Korean firm Lotte Chemical Pakistan import of raw material from India.

According to officials of the Commerce Division, Lotte Chemical Pakistan Limited – a major South Korean investment in Pakistan – had approached the Ministry of Commerce, seeking permission to import 40,000 tons of paraxylene from India, which is a raw material for manufacturing pure terephthalic acid (PTA). This raw material is not produced locally and it needs to be imported. Chemicals Biodegradable Polyamide PET

Chemicals Biodegradable Polyamide PET

-With an investment of 100 crore INR, Uflex is scaling up its recycling strength to help build a circular economy, by the way of setting up two lines that wash and recycle post-consumer waste.

This pilot plant in its Noida facility is aimed to mitigate the piling plastic dumps in Delhi–NCR by recycling collected post-consumer waste PET bottles and multi-layer plastic packaging into chips and granules, put into further use to make products with economic value. The plant has the capacity to recycle 9600 tonnes of PET bottles and 10,000 tonnes of multi-layer plastic waste per annum.

Uflex claims to manufacture more than 100 products using the recycled plastic waste. This initiative is in line with the company’s global sustainability campaign Project Plastic Fix, where waste is converted into wealth.Chemicals Biodegradable Polyamide PET

Chemicals Biodegradable Polyamide PET

-Quinn launches food-grade PET packaging made from 100% recycled material

Quinn Packaging is continuing its drive to improve the sustainability of plastic food packaging with the development of its newest product, Orbital.

The product is produced using 100% recycled PET material and is reportedly fully suitable for food packaging applications.

Quinn received certification to manufacture food-grade PET packaging made from 100% recycled material from the European Food Safety Authority in July 2019, paving the way for their newest product line.Chemicals Biodegradable Polyamide PET

Traditionally, according to the company, PET food packaging was manufactured using a combination of virgin PET polymer and recycled PET material.

Quinns foodgrade PET packaging made recycled material

-Plastic and carbon proposals to help plug Brexit budget gap

National contributions from member states to the next long-term EU budget could soon partly depend on the amount of plastic put into circulation that is not recycled.

If the proposal is agreed by member states, the EU could kill two birds with one stone – increasing the EU budget, while contributing to the goals of the Green Deal.

The last “negotiating box” announced by Charles Michel, the president of the European Council, included a plastic tax as part of the so-called “own resources” – referring to sums that the EU could itself collect.Chemicals Biodegradable Polyamide PET

Chemicals Biodegradable Polyamide PET

-China’s textile market is ending due to Corona, cotton yarn may be cheaper

The Textile Ministry is going to bring a new textile policy soon to eliminate the dominance of China and Bangladesh from the country’s textile market.

In addition, under the policy, the production capacity of textile industry can be expanded at low cost.

A number of new measures will be taken to compete Indian textiles globally, including global branding of Indian clothing, use of high technology in production and the ability to deliver large orders on time.Chemicals Biodegradable Polyamide PET

Apart from this, there is also talk of changes in labor rules for the textile industry. According to T. Rajkumar, chairman of the Confederation of Indian Textile Industry (Citi), the global brand retail stores in India have a large number of garments from China, Bangladesh and Sri Lanka.

Chemicals Biodegradable Polyamide PET

-Adding value to polymers

How do we determine the value of polymers in a vast global marketplace, and with a balancing act between developing solutions by adding properties to polymers (to help save food waste for example), versus the overall carbon emissions and sustainability of the packaging material? Let’s start at the end of life, focusing on the recyclability of polymers.

The end

Libby Munford asked Damien van Leuven, CEO of plastics recycling company Vanden Recycling, for his opinion on this subject. “Education in the packaging design community is the starting point.Chemicals Biodegradable Polyamide PET

Chemicals Biodegradable Polyamide PET

-Smart Fabrics Summit 2020 announces new speakers

Smart Fabrics Summit 2020 has added new speakers to present at the 2020 summit, which will be held on April 16-17, 2020, in Washington D.C. The summit provides a forum for professionals in the industrial textiles industry to understand how to bring a smart product to market. The summit is organised in partnership with the department of commerce.Chemicals Biodegradable Polyamide PET

The first speaker is Jesse Jur, associate professor of textile engineering, chemistry, and science at North Carolina State University. Jur has spent his career researching the interfaces of technologies: from semiconductor device development to textile designs.

Smart Fabrics Summit 2020 announces new speakers

-Royal DSM acquires Glycom A/S for €765m

Royal DSM NV has entered the growing market of human milk oligosaccharides (HMO) taking over the producer of recombinant 2’-fucosyl lactose, Danish Glycom A/S.

The Dutch industry giant for nutrition, health and sustainable products paid €765m for Glycom A/S, which made €74m of sales in 2019, mainly from a collaboration with Nestlé, which markets the Danish company’s recombinantly produced infant formula supplement 2’-fucosyl lactate (2-FL).Chemicals Biodegradable Polyamide PET

This human milk oligosaccharide (HMO), which can be produced significantly cheaper in E. coli that by the classical chemico-enzymatic route, is the second largest component of human breast milk and is attributed to be crucial for the development of a health-promoting gut microbiota, and is said to be essential for the development of the brain and immune system of infants.

Royal DSM acquires Glycom A/S for €765m

-Vynova Launches Bio-attributed PVC Range

Vynova has launched a range of bio-attributed PVC resins that will enable customers in all application sectors to innovate their PVC products and support their sustainability goals.

The new PVC portfolio is manufactured using renewable ethylene which is produced from certified second-generation biomass feedstock which does not compete with the food chain.Chemicals Biodegradable Polyamide PET

This approach reduces the use of fossil feedstock conventionally used in the PVC production process, resulting in a CO2 emission reduction of more than 90% (based on a recent peer-reviewed Sabic internal LCA study and the PlasticsEurope eco-profile study on VCM and PVC 2015).

Vynova Launches Bio-attributed PVC Range

Chemicals Biodegradable Polyamide PET

Chemicals Biodegradable Bioplastic PET 22-02-2020

Petrochemical Plastics Polyamides ACN Prices

Petrochemical Plastics Polyamides ACN

Petrochemical Plastics Polyamides ACN

Polyestertime
ITEM17/02/202024/02/2020+/-
Bottle grade PET chips domestic market6,175 yuan/ton6,225 yuan/ton+50
Bottle grade PET chips export market810 $/ton815 $/ton+5
Filament grade Semidull chips domestic market

Petrochemical Plastics Polyamides ACN

5,900 yuan/ton5,950 yuan/ton+50
Filament grade Bright chips domestic market6,000 yuan/ton5,950 yuan/ton-50
Pure Terephthalic Acid PTA domestic market4,345 yuan/ton4,330 yuan/ton-15
Pure Terephthalic Acid PTA export market
550 $/ton 555 $/ton+5
Monoethyleneglycol MEG domestic market4,370 yuan/ton4,395 yuan/ton+25
Monoethyleneglycol MEG export market528 $/ton525 $/ton-3
Paraxylene PX FOB  Taiwan market742 $/ton750 $/ton+8
Paraxylene PX FOB  Korea market724 $/ton732 $/ton+8
Paraxylene PX FOB EU market

Petrochemical Plastics Polyamides ACN

669 $/ton677 $/ton+8
Polyester filament POY 150D/48F domestic market7,075 yuan/ton7,025 yuan/ton
-50
Recycled Polyester filament POY  domestic market7,050 yuan/ton6,700 yuan/ton-350
Polyester filament DTY 150D/48 F domestic market8,825 yuan/ton8,700 yuan/ton-125
Polyester filament FDY 68D24F domestic market 8,025 yuan/ton8,000 yuan/ton-25
Polyester filament FDY 150D/96F domestic market
Petrochemical Plastics Polyamides rPET
7,400 yuan/ton7,400 yuan/ton
Polyester staple fiber 1.4D 38mm domestic market6,650 yuan/ton6,600 yuan/ton-50
Caprolactam CPL domestic market10,750 yuan/ton10,450 yuan/ton
-300
Caprolactam CPL overseas  market1,260 $/ton1,260 $/ton
Nylon6 chips overseas  market1,650 $/ton1,650 $/ton
Nylon6 chips conventional spinning domestic  market12,150 yuan/ton11,750 yuan/ton-400
Nylon6 chips  high speed spinning domestic  market12,150 yuan/ton11,950 yuan/ton-200
Nylon 6.6 chips domestic  market22,600 yuan/ton22,600 yuan/ton
Nylon6 Filament POY 86D/24F domestic  market

Petrochemical Plastics Polyamides ACN

14,350 yuan/ton14,200 yuan/ton-150
Nylon6 Filament DTY 70D/24F domestic  market17,150 yuan/ton17,000 yuan/ton-150
Nylon6 Filament FDY  70D/24F  domestic  market15,500 yuan/ton15,350 yuan/ton-150
Spandex 20D  domestic  market36,500 yuan/ton36,500 yuan/ton
Spandex 30D  domestic  market35,000 yuan/ton35,000 yuan/ton
Spandex 40D  domestic  market29,500 yuan/ton29,500 yuan/ton
Adipic Acid domestic market8,050 yuan/ton8,000 yuan/ton-50
Benzene domestic market5,550 yuan/ton5,515yuan/ton-35
Benzene overseas  market658 $/ton676 $/ton
+18
Ethylene South East market750 $/ton700 $/ton-50
Ethylene NWE  market802 $/ton790 $/ton-12
Acrylonitrile ACN  domestic market9,100 yuan/ton9,100 yuan/ton
Acrylonitrile ACN  overseas market1,400 $/ton1,350 $/ton-50
Acrylic staple fiber ASF  domestic market14,700 yuan/ton14,200 yuan/ton-500
Viscose Staple Fiber VSF  domestic market9,600 yuan/ton9,600 yuan/ton
PP Powder domestic market6,650 yuan/ton7,000 yuan/ton+50
Naphtha overseas market 

Petrochemical Plastics Polyamides ACN

491 $/ton497 $/ton
-6
Phenol domestic market 7,758 yuan/ton7,450 yuan/ton-308
PS Taiwan 5250 GPPS1,065 $/ton 1,035 $/ton-30
PS Taiwan 8250 HIPS1,170 $/ton 1,150 $/ton-20
LDPE CFR Far East 882 $/ton862 $/ton-20
LLDPE CFR Far East822 $/ton807 $/ton-5
LDPE   FOB Middle East872 $/ton852 $/ton-20
LLDPE FOB Middle East812 $/ton797 $/ton-15
HDPE CFR Far East822 $/ton802 $/ton-20
LDPE FD Northwest Europe 953€/ton953 €/ton-
LLDPE FD Northwest Europe 933 €/ton923 €/ton-10
Homopolymer PP CFR Far East880 $/ton850 $/ton-30
Homopolymer PP FD NWE1,001 €/ton991 €/ton-10

Petrochemical Plastics Polyamides ACN

Chemicals Biodegradable Bioplastic PET 22-02-2020

Chemicals Biodegradable Bioplastic PET

-REPI to Attend Amsterdam’s Plastic Recycling Show

REPI will have the opportunity to present its approach to circularity and Carbon Footprint control at the Plastic Recycling Show in Amsterdam.

REPI joins the highly focused event for the first time in order to present how additives and colours are a crucial way to make plastic more recyclable, reducing its carbon footprint and making it therefor sustainable and circular.Chemicals Biodegradable Bioplastic

Chemicals Biodegradable Bioplastic PET

-No colour, no PVC: South Korea bans hard-to-recycle plastic materials for F&B packaging

South Korea has enforced regulations banning the usage of plastic materials that are difficult to recycle such as PVC and coloured PET bottles for the packaging of food and beverage items.

This is part of the country’s objective to reduce its plastic waste production by half, as well as more than double recycling rates from 34% to 70% by 2030.

“The comprehensive countermeasures focus on enhancing public management and stabilizing the recycling market,” South Korean Ministry of Environment (MoE) Minister Kim Eun-kyung said at an announcement back in 2018, not long after China announced an import ban on 24 types of recyclables. Chemicals Biodegradable Bioplastic PET

Chemicals Biodegradable Bioplastic PET

-EU targets textiles, batteries and packaging in plan to…

Recycling textiles, batteries and packaging will be the priority in a new plan to halve waste in the European Union by 2030, the head of the EU’s “Green Deal” said on Tuesday.

Frans Timmermans, who is leading the EU’s drive to become the first climate-neutral continent by 2050, told European lawmakers in Brussels that the share of materials recovered and recycled in the EU economy had to increase, or “by 2050 we would need three planets to sustain our consumption habits.” Chemicals Biodegradable Bioplastic PET

Chemicals Biodegradable Bioplastic PET

-Trelleborg restarting operations at Chinese facilities

Trelleborg AB has restored operations at the majority of its production facilities in China. Work at those plants was halted temporarily in the wake of the coronavirus outbreak.

In a statement, Karin Larsson, head of communications for Trelleborg, said the situation in China is “somewhat of a moving target” and that the operational status may change depending on local decisions.Chemicals Biodegradable Bioplastic PET

Chemicals Biodegradable Bioplastic PET

-Klear Plastic Ventures recognized by APR

Top Green heat shrinkable film from for sleeve labels, a product from Klear Plastic Ventures, has been recognized by the Association of Plastic Recyclers as meeting or exceeding APR’s critical guidance protocol for Clear PET articles with labels and closures requirements – PET-CG-02.

The announcement was made at the recent APR Annual Meeting in Nashville.

During the PET bottle recycling process, polyester shrink sleeve labels that remain with the bottle are ground into flake and sink along with the PET bottle flake. FENC TopGreen film creates negligible clumping and IV drop, both of which are detrimental to the value of the recycled PET plastic.Chemicals Biodegradable Bioplastic PET

Chemicals Biodegradable Bioplastic PET

-Asahi teams up with recycling leaders to build plastic pelletising facility

Beverage giant Asahi is teaming up with Pact Group Holdings and Cleanaway Waste Management to build a local plastic pelletising facility.

The facility will process up to 28,000 tonnes of plastic bottles and other recyclables which will be turned into flake and food grade pellets for raw material use on food and beverage packaging. It will located in Albury/Wodonga.

Cleanaway will provide available feedstock and Pact will provide technical and packaging expertise. Asahi and Pact will buy the majority of the recycled pellets from the facility to use in their packaging.Chemicals Biodegradable Bioplastic PET

Asahi teams up with recycling leaders to build plastic pelletising facility Beverage giant Asahi is teaming up with Pact Group Holdings and Cleanaway Waste

-Report: U.S. labels on plastics mislead the recycling public

When China stopped accepting recyclable plastics from across the globe in 2018, it left many in the developed world wondering what would happen next. Some of the worst fears have come true, and a new report from the United States calls on companies to stop labeling their plastic packaging as recyclable when it effectively isn’t.

The 36-page “Circular Claims Fall Flat” study from Greenpeace offers a comprehensive look at 367 material recovery facilities (MRFs) in the U.S. to better understand what happens to different types of plastics that well-intentioned Americans leave at the curb in their recycling bins. After identifying the classes of plastics that come from most households – all the milk jugs, soda bottles, yogurt tubs and shampoo bottles – author John Hocevar explains why the plastic has nowhere to go.Chemicals Biodegradable Bioplastic PET

Report: U.S. labels on plastics mislead the recycling public

-Refiners, chemical firms feared to take further hit from virus

The new coronavirus outbreak is expected to deal a fresh blow to South Korean oil refiners and chemical makers already reeling from worsening profits, industry sources said Thursday.Chemicals Biodegradable Bioplastic PET

The pessimistic outlook comes as South Korean refineries’ exports to China, their largest overseas market, are projected to drop sharply because of the COVID-19 shock.

South Korean refiners resort to exports more than domestic demand for their sales. China is estimated to account for nearly 20 percent of their total overseas shipments.

Refiners, chemical firms feared to take further hit from virus

-Sumitomo Expands Epoxy, PES Offerings for Carbon-Fiber-Reinforced Composites

The aerospace industry is constantly searching for stiff, strong, lightweight materials that can handle rapid temperature changes, broad chemical exposure, and provide long service life with excellent fatigue resistance. Thanks to the successful launch of composites-intensive aircraft like Boeing’s 787 Dreamliner in 2011 and the A350 XWB from Airbus in 2015, the use of composite materials has grown significantly on commercial aircraft owing to their ability to reduce mass, lower fuel consumption and maintenance, and improve corrosion and fatigue resistance.Chemicals Biodegradable Bioplastic PET

Sumitomo Expands Epoxy, PES Offerings for Carbon-Fiber-Reinforced Composites

-100% Recyclable First Plant-Based Water Bottle Made

Aghita Group PSJC, one of the leading food and beverage companies in Dubai, produced the first 100% recyclable plant-based water bottle. The company promoting the product at the UAE Innovation month meeting held in Dubai, Minister of Climate Change and Environment. Thani informed Al Zeyoudi about the product.

A company that produces completely natural and recyclable water bottles instead of plastic water bottles is preparing to offer its product as a commercial product. These bottles, which are referred to as biodegradable products, draw attention with their being completely environmentally friendly. According to the statements, the company’s signature product “Al Ain”, which has 40 percent of the bottled water market, is ready to use. The company, which has also been approved by the UAE Minister of Environment, now has to do bottled water.Chemicals Biodegradable Bioplastic PET

100% Recyclable First Plant-Based Water Bottle Made

Chemicals Biodegradable Bioplastic PET

Chemicals Biodegradable Bioplastic PEF 21-02-2020

Chemicals Biodegradable Bioplastic PEF 21-02-2020

Chemicals Biodegradable Bioplastic PEF

Crude Oil Prices Trend

Crude Oil Prices Trend

-SIBUR plans to recycle secondary PET in Bashkiria

SIBUR does not exclude the appearance of its own secondary PET, which is supposed to be processed at the Polyef (Bashkiria) plant in the coming years, Rupec reports citing SIBUR Executive Director Sergei Komyshan during a company press conference on Tuesday 18 February.

“We have developed a project for the production of secondary PET, we are moving and quite successfully. Within 1.5 years we’ll enter the market with an offer of not only primary, but also secondary PET,” said board member Sergei Komyshan.

Chemicals Biodegradable Bioplastic PEF

-Von der Leyen: EU wants more ambitious Brexit trade deal than ‘Australia model’

‘The United Kingdom can settle for less, but I personally believe that we should be way more ambitious,’ Commission president says.Chemicals Biodegradable Bioplastic PEF

European Commission President Ursula von der Leyen is “a little bit surprised” that Boris Johnson cited the “Australia model” as a potential blueprint of a post-Brexit trade relationship between the U.K. and the EU.

“Australia without any doubt is a strong and a like-minded partner, but the European Union does not have a trade agreement with Australia. We are currently trading on WTO [World Trade Organization] terms,” she said during a speech in the European Parliament on Tuesday.

Chemicals Biodegradable Bioplastic PEF

-Ecopat will be sold until the end of 2020

The non-core asset bank Trust plans to sell the Kaliningrad-based Ecopet enterprise by the end of 2020, Rugrad reports citing the company’s press service.

The process of preparing an asset for sale has not yet been finalized. Earlier, the general director of the plant, Alexander Anikeev, expressed the hope that the deal would be closed in a short time, and reported at least three potential investors.

The press service of the Trust did not specify the price at which the Kaliningrad enterprise will be sold; it is considered the largest producer of polyethylene terephthalate (PET) – materials for plastic packaging in Russia and Europe. However, in 2020, the bank plans to sell 20 real estate in the amount of 8.1 billion rubles. and 4 companies worth 6.3 billion rubles.Chemicals Biodegradable Bioplastic PEF

Chemicals Biodegradable Bioplastic PEF

-PS I love you: Polystyrene ‘one of the best’ sortable plastics

Under the umbrella of Styrenics Circular Solutions (SCS), Tomra, a recognised leader in waste collection via deposit systems and sorting, has recently completed tests revealing that polystyrene is one of the best plastics for both recycling and sorting.

With Tomra’s near-infrared (NIR) sensor technology, post-consumer plastic waste was sorted in a multi-step process, including initial sorting from post-consumer waste, grinding into smaller flakes, washing, drying and flake sorting. The resulting purity of PS turned out to be higher than 99.9%.Chemicals Biodegradable Bioplastic PEF

Chemicals Biodegradable Bioplastic PEF

-Recycled PET Demand Projected to Surge

Reports of increased recycling rates, particularly of PET bottles, are showing success in closing the loop. The latest report from sustainability consultancy Eunomia, in collaboration with the European Federation of Bottled Water (EFBW), Petcore Europe, and Plastics Recyclers Europe (PRE), projects a strong trend toward the use of recycled PET (rPET) thanks to increased demand.

The combination of significant improvements in recycling processes and increased quality of materials could result in rPET accounting for as much as 55% of total PET demand by 2030.Chemicals Biodegradable Bioplastic PEF

Recycled PET Demand Projected to Surge

-Polymers from fruit waste provide biodegradable packaging materials

Today, fresh as well as convenience food is sold in packages and the hygienic conditions, long shelf life and easy availability of these packaged products are part of our modern lifestyle. However, the result is significant environmental impacts and pollution due to the plastic materials associated with the packaging.

One answer to plastics in packaging are biodegradable materials, on the market for many years and their market share continues to grow. But there are severe restrictions preventing their wider application in food packaging, as these materials do not provide a sufficient barrier against water vapour, oxygen or flavours.Chemicals Biodegradable Bioplastic PEF

Chemicals Biodegradable Bioplastic PEF

-NAPCOR talks PET, packaging and recycling

For industry professionals and others, this is an exceptionally interesting period in plastics and packaging.

The accelerating, ever-changing landscape in these markets yields presents numerous hurdles met by an continuing wave of technical innovation. The result is a kind of yin and yang dualism—opposite or contrary forces that may actually be complementary, interconnected and interdependent in the natural world Chemicals Biodegradable Bioplastic PEF

NAPCOR talks PET, packaging and recycling

-Exxon puts PX off-takers on allocation amid glitch

ExxonMobil will place its paraxylene (PX) off-takers on supply allocation from March because of mechanical issues it is experiencing at its Singapore-based aromatics unit.

The company did not identify the unit but said it would shut the plant for maintenance and that supply allocation will remain in place until plant operations resume and reaches on-specification production.

Benzene off-takers of ExxonMobil do not appear to have been affected by this production issue so far.Chemicals Biodegradable Bioplastic PEF

Chemicals Biodegradable Bioplastic PEF

-Index20 to showcase the future of nonwoven technologies

Visitors and exhibitors will gather at INDEX20 in Geneva from 31st March – 3rd April 2020, to participate in the industry’s largest platform for nonwoven technologies.

Over the course of four days, more than 13,000 visitors and 700 exhibitors representing around 100 countries will gather to meet like-minded professionals as well as take part in industry workshops, seminars, and networking events.

Advances in nonwovens continue to be at the forefront of a cross-section of influential industries including infection prevention, hygiene and cleaning. Innovations in nonwoven materials open new doors for industries looking to improve the accessibility, affordability, and most importantly the efficacy, of their products.Chemicals Biodegradable Bioplastic PEF

Index20 to showcase the future of nonwoven technologies

-Montefibre to build new 100-ton carbon fibre line in Spain

Montefibre Carbon is investing €16.2 million in its plant in Miranda de Ebro, Spain, €11.5 million of which will come from the Spanish Ministry of Industry, to produce polyacrylonitrile (PAN) precursor for conversion to carbon fibre with semi-aerospace quality and to build a flexible carbonization line.Chemicals Biodegradable Bioplastic PEF

The new PAN precursor fibre will have a tensile strength of 700 ksi and will be marketed as M700. The new carbonization line will be one of the most advanced lines in the industry to serve as a development and demonstration of Montefibre’s carbon fibre and will be able to work with fibre from 80K to 480K, up to a capacity of 100 tons per year.

Montefibre to build new 100-ton carbon fibre line in Spain

Chemicals Biodegradable Bioplastic PEF

Chemicals Biodegradable Bioplastic 20-02-2020

SIBUR recycle secondary PET Bashkiria

SIBUR recycle secondary PET

SIBUR plans to recycle secondary PET in Bashkiria

SIBUR recycle secondary PET

MOSCOW  – SIBUR does not exclude the appearance of its own secondary PET, which is supposed to be processed at the Polyef (Bashkiria) plant in the coming years, Rupec reports citing SIBUR Executive Director Sergei Komyshan during a company press conference on Tuesday 18 February.

“We have developed a project for the production of secondary PET, we are moving and quite successfully. Within 1.5 years we’ll enter the market with an offer of not only primary, but also secondary PET,” said board member Sergei Komyshan.

Previously, Dmitry Konov, the company’s management, spoke about plans to involve secondary PET in the production cycle on the Annunciation site.

“Most likely, the Blagoveshchensk model is a small number of points where plastic will be massively processed, and accordingly, clean secondary plastic will be brought to one point,” D. Konov said.SIBUR recycle secondary PET

At a press conference on Tuesday with reporters from SIBUR’s board of directors, he noted that from the point of view of reducing the carbon footprint, a company can first produce polymer, and in the second, involve it in further processing.

  1. Komyshan noted that SIBUR is currently working on several projects in the field of plastic recycling, but it is premature to announce them.

In January, the SIBUR Board of Directors approved a strategy for the sustainable development of the company. SIBUR recycle secondary PET

One of the goals is to increase by 50% investments in R&D projects aimed at processing polymer waste and involving renewable sources of raw materials, building an effective system of interaction on sustainable development throughout the supply chain, as well as achieving a share of PET production with secondary granule content from the total PET production in the amount of not less than 40%.

According to the ICIS-MRC Price Survey , SIBUR last week offered PET with deviations in terms of indicators at a discount from current spot prices. SIBUR recycle secondary PET

As previously reported, the production of TPA at the plant in Blagoveshchensk in late January was again stopped. Partial production of PET at the plant is carried out.

Earlier it was reported that on October 9, 2019, industrial wastewater partially hit the territory adjacent to the enterprise due to the collapse of a fragment of the wall of the reserve tank.

Polyef JSC (Blagoveshchensk, Republic of Bashkortostan) is the only producer of terephthalic acid and the largest supplier of polyethylene terephthalate in Russia. The capacity for the production of TPA after modernization is 350 thousand tons per year, PET – 219 thousand tons per year.SIBUR recycle secondary PET

mrcplast.ru

Author:Anna Larionova

Chemicals Biodegradable Bioplastic 20-02-2020

SIBUR reports Q4 and FY 2019 IFRS results

Ecopat Polyethylene Terephthalate Plastic Packaging

Ecopat Polyethylene Terephthalate

Ecopat will be sold until the end of 2020

Ecopat Polyethylene Terephthalate

MOSCOW – The non-core asset bank Trust plans to sell the Kaliningrad-based Ecopet enterprise by the end of 2020, Rugrad reports citing the company’s press service.

The process of preparing an asset for sale has not yet been finalized. Earlier, the general director of the plant, Alexander Anikeev, expressed the hope that the deal would be closed in a short time, and reported at least three potential investors.

The press service of the Trust did not specify the price at which the Kaliningrad enterprise will be sold; it is considered the largest producer of polyethylene terephthalate (PET) – materials for plastic packaging in Russia and Europe. However, in 2020, the bank plans to sell 20 real estate in the amount of 8.1 billion rubles. and 4 companies worth 6.3 billion rubles.Ecopat Polyethylene Terephthalate

“We plan to sell these assets, but everything will depend on the market conditions. Enterprises are more difficult to sell than real estate, as there are fewer potential buyers, and it is more difficult to structure transactions. Nevertheless, all enterprises are finalizing the sales preparation process,” the press reports – word service of the chairman of the board of Trust Alexander Sokolov.

In addition, in the second week of February, Ecopet began launching PET production after a planned shutdown. Ecopat Polyethylene Terephthalate

The manufacturer stopped its facilities at a scheduled stop on January 20. The plant still does not ship granules for export, the current level of export prices is EUR840 per tonne, FCA Kaliningrad, excluding VAT.

In May 2017, Alco-Nafta CJSC was reorganized into AO, and from June 26, 2017 it was renamed into Ecopet AO.

Ecopet JSC is the successor of Alco-Nafta CJSC, founded in 2003. The company’s revenue in 2018 amounted to 1.3 billion rubles. The enterprise participates in the national project “Labor productivity and employment support.” Ecopat Polyethylene Terephthalate

As RUGRAD.EU previously reported, Trust Bank is looking for new owners directly for Ecopet JSC, which owns petrochemical production facilities on the Baltic Highway, and for the Balttehprom infrastructure site The proceeds from the sale of the assets of Trust Bank are used to compensate for government spending on the rehabilitation of the country’s largest banks. Ecopat Polyethylene Terephthalate

mrcplast.ru

Author: Anna Larionova

Chemicals Biodegradable Bioplastic 20-02-2020

Chemicals Biodegradable Bioplastic

Crude Oil Prices Trend 

Crude Oil Prices Trend 

-Engineering, Procurement and Construction Contract for World-Scale Adiponitrile Plant

Fluor Awarded Engineering, Procurement and Construction Contract for World-Scale Adiponitrile Plant

Fluor Corporation announced today that it was recently awarded a contract to provide engineering, procurement and construction for a new 400 kilo-ton-per-annum adiponitrile (ADN) plant in Shanghai, China. The new ADN plant is part of INVISTA’s ongoing work at the Shanghai Chemical Industry Park where the company recently completed a 215 kilo-ton-per-annum hexamethylenediamine (HMD) plant and a 150 kilo-ton-per-annum nylon 6,6 polymer plant. Fluor booked the undisclosed contract value in the fourth quarter of 2019.

“Fluor has been providing engineering, procurement and construction solutions to clients in China for more than 40 years,” said Mark Fields, group president of Fluor’s Energy & Chemicals business. “With this award, our proud legacy in China continues and we look forward to supporting INVISTA’s efforts to expeditiously increase production of ADN with their company’s most-advanced technology to meet growing demand within China and globally.”

Chemicals Biodegradable Bioplastic

-U.A.E. Company Produces Mideast’s First Plant-Based Bottles

A Middle Eastern drinking-water company is producing the region’s first bottles made entirely from fermented plant sugars.Chemicals Biodegradable Bioplastic

Agthia Group, which markets the Al Ain brand of drinking water, plans to distribute its first shipment of water in the biodegradable containers within a few months, Chief Executive Officer Tariq Ahmed Al Wahedi said in an interview. The Abu Dhabi-based company is in talks with potential buyers across the United Arab Emirates including hotels, restaurants and government agencies, he said.

Agthia makes the new bottles from corn sugars, which it processes into a resin and molds like plastic. It fashions the bottle caps from fermented sugar cane. The plant-based materials can decompose in as little as 80 days, Al Wahedi said in Dubai, the second-biggest emirate in the U.A.E. after Abu Dhabi.

Chemicals Biodegradable Bioplastic

-Dystar Resigns From ETAD And Joined TEGEWA

DyStar, a specialty chemical company with a heritage of more than a century in product development and innovation, has resigned from Ecological and Toxicological Association of Dyes and Organic Pigments Manufacturers (ETAD) and is very happy to have joined TEGEWA as a member since January this year.Chemicals Biodegradable Bioplastic

Despite being one of the major sponsors and supporters of ETAD for many years, DyStar had to make this decision in response to the new industry challenges. The executive decision to leave ETAD and join TEGEWA was made after careful considerations during periodical reviews and business alignment sessions on current global business needs, market demands and customers’ requirements.

Chemicals Biodegradable Bioplastic

-The Russian economy expects an increase in food prices and an increase in waste after the introduction of a ban on polymer packaging

The Russian economy is expected to increase prices for dairy products, meat and fish, groceries and bakery products by almost 10%, as well as a large-scale increase in the volume of food and paper waste after the ban on polymer packaging, Kommersant reports citing research by scientists of the Higher School of Public Administration (HSHA) of Moscow State University M.V. Lomonosov.

The ban on packages from the checkout area will not give unambiguous positive results: the implementation of this scenario may reduce the volume of polymer packaging waste by 2024, but will lead to a serious increase in paper waste (by 1.15 million tons the next year after the ban was introduced).

The Russian economy expects an increase in food prices and an increase in waste after the introduction of a ban on polymer packaging

-VEOLIA TO SUPPLY CHLORIDE-REMOVAL SYSTEM FOR PULP PLANT IN BRAZIL

Veolia Water Technologies (www.veoliawatertechnologies.com) will support a major expansion of a mill in Brazil by providing a turnkey chloride removal system designed to optimize the processing of wood-derived pulp used in the making of cellulose fibers.

The pulping production uses a washing and cleaning process to increase the purity of the pulp. The resulting product of this process is a liquid stream that is rich in organics for energy production. Chemicals Biodegradable Bioplastic

This liquor, however, requires careful management and removal of chemicals to avoid the undesired build-up of chloride and potassium in the recovery cycle, which if left uncontrolled, can create corrosion and boiler fouling.

Chemicals Biodegradable Bioplastic

-Aimplas hosting fifth mixing, reinforcing and additives workshop in May

On 12-13 May 2020, the fifth edition of the compounding workshop ‘The Art of Mixing, Reinforcing and Incorporating Additives to Plastics’ will be held at the AIMPLAS facilities in Valencia, Spain.Chemicals Biodegradable Bioplastic

AIMPLAS researchers Luis Roca and Vanessa Gutiérrez will lead the workshop on the latest innovations in the field of compounding.

This workshop is designed for companies interested in increasing their knowledge of compounding, particularly with regard to techniques such as plastics mixing, reinforcing, additivation and co-rotating twin screw extrusion, and with a special interest in screw design, control processes, describing co-rotating twin screw extrusion and troubleshooting, as well as practical training.

Chemicals Biodegradable Bioplastic

-Malaysia is not Asia’s top ocean plastic polluter

Following from the recent headlines in the media claiming that Malaysia is the top plastic ocean polluter in Asia, we would like to clarify that we are disappointed with the inaccurate and misleading headlines of these articles.Chemicals Biodegradable Bioplastic

The report cited in the articles, entitled “Plastic Packaging in Southeast Asia and China”, only states that Malaysia ranked the highest among the six countries studied in the report in terms of annual per capita plastic packaging consumption, at 16.78 kg per person.

But this high-level consumption does not translate to highest polluter. We would like to reiterate that there is no data or findings in the report which support these headlines.

Malaysia is not Asia's top ocean plastic polluter

-Lower annual sales for Faurecia’s Seating business

Sales for the French automotive parts and seating manufacturer totalled €17.8 billion in 2019, up 1.4% on a reported basis, down 3% at constant currencies, at a time when the global automotive production recorded a 5.8% decline according to IHS Markit February 2020.Chemicals Biodegradable Bioplastic

Faurecia, which aims to become CO2 neutral by 2030, posted an increase in operating income to €1,283 million for full year 2019, with an operating margin at 7.2%. The French Group said there was a record order intake in the year, which resulted in cumulative three-year rolling order intake of €68 billion. Net cash flow was €587 million, up 11.2% year-on-year, and above the guidance of at least €500 million.

Lower annual sales for Faurecia’s Seating business

-REPI to Attend Amsterdam’s Plastic Recycling Show

REPI will have the opportunity to present its approach to circularity and Carbon Footprint control at the Plastic Recycling Show in Amsterdam.

REPI joins the highly focused event for the first time in order to present how additives and colours are a crucial way to make plastic more recyclable, reducing its carbon footprint and making it therefor sustainable and circular.Chemicals Biodegradable Bioplastic

REPI to Attend Amsterdam’s Plastic Recycling Show

-The Plastic Crisis Is Here

The crisis in plastic recycling has reached a critical point.

The Plastic Crisis Is Here

Chemicals Biodegradable Bioplastic

Chemicals Automobile Bioplastic 19-02-2020

Russian economy polymer packaging ban

Russian economy polymer packaging

The Russian economy expects an increase in food prices and an increase in waste after the introduction of a ban on polymer packaging

Russian economy polymer packaging

MOSCOW- The Russian economy is expected to increase prices for dairy products, meat and fish, groceries and bakery products by almost 10%, as well as a large-scale increase in the volume of food and paper waste after the ban on polymer packaging, Kommersant reports citing research by scientists of the Higher School of Public Administration (HSHA) of Moscow State University M.V. Lomonosov.

The ban on packages from the checkout area will not give unambiguous positive results: the implementation of this scenario may reduce the volume of polymer packaging waste by 2024, but will lead to a serious increase in paper waste (by 1.15 million tons the next year after the ban was introduced). Russian economy polymer packaging

According to market participants, the annual turnover of plastic bags is about 167 thousand tons, about 83 billion pieces, the study says, “thus, the number of paper bags that need to be additionally brought to the market is about 28 billion pieces per year (if a third replace with paper counterparts). ”

The share of food waste in the composition of MSW now reaches 28% (from 17 million to 19 million tons per year). In the case of the introduction of a complete ban on plastic packaging, according to the Higher School of Civil Aviation, this share may increase significantly (up to 17% of the existing volume).Russian economy polymer packaging

At the same time, researchers predict an increase in prices for basic food products (dairy products, meat and fish, dried fruits, groceries and bakery products) by 9.5%.

The report explains that the proportion of flexible polymer packaging in the weight of packaged products is 0.5–3%. For cardboard packaging, this indicator can be 3–15%, and for glass containers – up to 40–50%.

VSHGA proposes not to refuse plastic packaging, but to control its use: introduce requirements for the minimum content of recyclables, as well as gradually increase the recycling rate to 100%. Russian economy polymer packaging

The Ministry of Natural Resources, the Ministry of Industry and Trade and Rospotrebnadzor support the idea of ​​phasing out and phasing out certain types of disposable and difficult to process goods, containers and packaging, but not through prohibitions.

Earlier it was reported that the Ministry of Natural Resources plans to oblige manufacturers and importers of all types of packaging, oils and batteries to process 100% of the products sold from next year.

mrcplast.ru

Author:Anna Larionova

Russian economy polymer packaging