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

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

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

 POSTS 新闻 Plastic Petrochemicals

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

 POSTS 新闻 Plastic Petrochemicals

-Prices of Six Volume Resins Flat-to-Down – Prices Six Volume Resins

 POSTS 新闻 Plastic Petrochemicals

-Bio-on inaugurates in Italy the first special bioplastics production plant. 100% natural and biodegradable – Bioon Italy special bioplastics 100% natural biodegradable

POSTS 新闻 Plastic Petrochemicals

-Iran Rejects Russian, Saudi Plan To Raise Oil Output, Rein In Prices – Iran Russia Saudi crude oil Oil Output

 POSTS 新闻 Plastic Petrochemicals

-Getting Ready for Germany’s new Packaging Law – Germany Packaging Law

https://www.polyestertime.com/getting-ready-for-germanys-new-packaging-law-germany-packaging-law/

-Millions invested in American polypropylene technology – American polypropylene technology

-General purpose polystyrene import offers uncompetitive in June European market – Polystyrene import June European market  

POSTS 新闻 Plastic Petrochemicals

-Clariant opens new additives production facilities in China – Clariant additives production facilities China

 POSTS 新闻 Plastic Petrochemicals

-Goldman: Expect Another Bull Run In Oil – Goldman Bull Run Crude Oil OPEC

POSTS 新闻 Plastic Petrochemicals

-And The Worldstar Sustainability Award In Gold Goes To: Starlinger For Its rPET PP*STAR! – Worldstar Sustainability Starlinger rPET PP*STAR!

POSTS 新闻 Plastic Petrochemicals

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

PO-STS 新闻 Plastic Petrochemicals 

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

 POSTS 新闻 Plastic Petrochemicals

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

 POSTS 新闻 Plastic Petrochemicals

-Avantium begins construction of plant that spells good news for bio-plastics – Avantium plant bioplastics

 POSTS 新闻 Plastic Petrochemicals

-‘Requirement of polyester filament yarn is increasing’ – Requirement polyester filament yarn

POSTS 新闻 Plastic Petrochemicals

-Latest US, Chinese tariff proposals cover wide swath of petchems, oil products – USA Chinese tariff proposals petchems oil products

POSTS 新闻 Plastic Petrochemicals

-Could the petrochemicals boom lead to a shortage in plastics additives? – Petrochemicals plastics additives

 POSTS 新闻 Plastic Petrochemicals

-Weekly resin report: Polypropylene prices may have peaked – Polypropylene prices peaked

POSTS 新闻 Plastic Petrochemicals

-Saudi Dilemma: Output Boost Could Hurt Its Oil-Based Economy – Saudi Dilemma Output Oil Based Economy

POSTS 新闻 Plastic Petrochemicals

-100% biodegradable packaging company expands – 100% biodegradable packaging Sulapac

POSTS 新闻 Plastic Petrochemicals

-Will Opec meet end the long rally in global oil prices? – Opec meet end global oil prices

 POSTS 新闻 Plastic Petrochemicals

-Advent of Bioplastic Packaging open New, Lucrative Paradigm in Eco-friendly Packaging – Bioplastic Packaging Paradigm Ecofriendly Packaging

POSTS 新闻 Plastic Petrochemicals

-KraussMaffei Reviews Highlights of Competence Forum – KraussMaffei Highlights Competence Forum

 POSTS 新闻 Plastic Petrochemicals

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

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

-Strong Film for Reclosable Applications – innovia Film Reclosable Applications

 POSTS 新闻 Plastic Petrochemicals

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

POSTS 新闻 Plastic Petrochemicals

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

 POSTS 新闻 Plastic Petrochemicals

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

POSTS 新闻 Plastic Petrochemicals

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

 POSTS 新闻 Plastic Petrochemicals

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

POSTS 新闻 Plastic Petrochemicals

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

POSTS 新闻 Plastic Petrochemicals

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

 POSTS 新闻 Plastic Petrochemicals

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

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

-China  : Dragon Boat Festival 2018 –

Holiday : 21-06-2018

POSTS 新闻 Plastic Petrochemicals

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

POSTS 新闻 Plastic Petrochemicals

Polymers Petrochemicals – Graphs – FGPET – FGPET Bright -BGPET -POLYAMIDE图形 – 聚酯切片对苯二甲酸单乙二醇己内酰胺聚酰胺聚酯纱丙烯腈丙烯酸短纤维聚丙烯聚乙烯石脑油苯 – sợi tổng hợp –

POSTS 新闻 Plastic Petrochemicals

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

POSTS 新闻 Plastic Petrochemicals

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

POSTS 新闻 Plastic Petrochemicals

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

POSTS 新闻 Plastic Petrochemicals

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

POSTS 新闻 Plastic Petrochemicals

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

 POSTS 新闻 Plastic Petrochemicals

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

 POSTS 新闻 Plastic Petrochemicals

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

POSTS 新闻 Plastic Petrochemicals

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

POSTS 新闻 Plastic Petrochemicals

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

POSTS 新闻 Plastic Petrochemicals

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

 

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

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

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

POSTS 新闻 Plastic Petrochemicals

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

POSTS 新闻 Plastic Petrochemicals

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

POSTS 新闻 Plastic Petrochemicals

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

 POSTS 新闻 Plastic Petrochemicals

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

POSTS 新闻 Plastic Petrochemicals

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

POSTS 新闻 Plastic Petrochemicals

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

POSTS 新闻 Plastic Petrochemicals

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

 CrudNT 原油  Crude oil WTI BRENT 原油  Crude oil WTI BRENT 原油

Crude oil WTI BRENT 原油  油  

Crude Oil 

Crude oil WTI BRENT 原油

Brent Crude Oil          : 74,33 $/Barrel

1 year WTI Forecast : 55-70  $/Barrel 

Related Topics

-Saudi Dilemma: Output Boost Could Hurt Its Oil-Based Economy – Saudi Dilemma Output Oil Based Economy

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

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

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

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

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

The prices of Semi-dull Chips in Jiangsu and Zhejiang are at 7,500 – 7,650    yuan/ton (cash),nearby.

The Bright Chip’s price in Jiangsu and Zhejiang is at 7,850 – 8,000 yuan / ton.

Polyester POY is at 8,950 -9,100 yuan/mt cash ex-works, while Polyester  DTY is at 10,650- 10,800 yuan/mt cash ex-works.

 

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

Pet chip resin 宠物芯片树脂Polyestertime : Bottles

The domestic Polyester Bottle Chip I.V. 0,80 is at 10,050 – 10,150 yuan / ton cash,(ex-works).

The export PET Bottle Chip I.V. 0,80 is at 1,330- 1,370 $ /ton FOB CMP.

 

 

 

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

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

Prices of Six Volume Resins Flat-to-Down – Prices Six Volume Resins

Prices Six Volume Resins

Prices of Six Volume Resins Flat-to-Down

Upward pricing for PP, PET, nylon 66 is in contrast with the other six volume resins.

By mid-June, prices of six volume resins—PE, PS, PVC, ABS, PC, and nylon 6, appeared to be on a flat-to-down trajectory, owing to lower prices of some key feedstocks coupled with improved supply-demand balance circumstances. In contrast, tight supplies of other feedstocks and their intermediaries along with higher prices have resulted in an upwards pricing trajectory for PP, PET, and nylon 66. This according to purchasing consultants Resin Technology Inc. (RTi), PetroChemWire (PCW), and Michael Greenberg, CEO of the Plastics Exchange. Here’s a glimpse at each.

● PE: Prices last month were a mixed bag for the first time in quite a few years. Two suppliers reportedly offered a decrease of 3¢/lb for LLDPE, with prices of all other resins flat. Making things more complicated, Dow announced a 4¢/lb increase for June, while other suppliers postponed their 3¢/lb price hikes (which originated for March implementation) into this month. Mike Burns, RTi’s v.p. of client services for PE, for one, ventured June prices would be flat, with a good chance that trend could continue into this month and beyond. A false demand surge as a result of hurricane season inventory buildup by buyers could promote higher prices.

Secondary markets also saw this flat trend with PCW’s senior editor Dave Barry reporting spot PE prices as mostly unchanged amid sluggish trading activity by the end of June’s first week. The Plastics Exchange’s Greenberg reported that while the market has been awash in butene LLDPE and injection HDPE, film and injection grades of LDPE were more difficult to source, at least at prices agreeable to processors.

● PP: Prices moved up in May in step with propylene contracts by 5¢/lb and by another 2¢/lb in suppliers’ margin expansion. With spot monomer prices surging by as much as 6-7¢/lb,  industry sources expected another PP price hike for June. “We see June prices going up 5¢/lb or more, in step with propylene contracts,” says RTi’s v.p. of PP markets Scott Newell.

Newell ventured that July PP prices could be flat, and hopefully down, if June proves to be the peak for the propylene tightness. “I think there could be a lot of demand destruction for PP if these prices are sustained…expect to see imports increasing.” He says demand for PP starting in April was generally good, after lagging for 6-7 months. PCW’s Barry reported spot PP prices as flat-to-higher as supply remained tight due to strong domestic demand as well as two unplanned and one planned outages. Similarly, Greenberg characterized the spot market as challenged by scarce supplies and rising prices. “We have been vocally bullish on PP for some time as supply/demand dynamics have been too tight to withstand disruptions—we still remain bullish for now.”

● PS: Prices dropped 4¢/lb in May, and RTi’s v.p. of client services for engineering resins, PS and PVC Mark Kallman ventured flat-to-slightly upward movement in the June-July time frame. At the same time, he suggested more upwards pressure in August, due to stronger demand for PS during the traditionally strong season, including some pre-buying due to the hurricane season, and some tightness developing from the benzene/styrene monomer chain. Going into June, PCW’s Barry reported spot GPPS and HIPS prices were down 4-5¢/lb after peaking in early April. Feedstock costs were steady, with the implied styrene cost formula (based on 70% spot benzene/30% spot ethylene) flat at 32.6¢/lb.

● PVC: Prices were flat in May driven by very low ethylene costs with another 2-3¢ likely to come off which would reduce the cost of making PVC to 1-1.5¢/lb, according to RTi’s Kallman. However, spot ethylene prices that had bottomed out to 12¢/lb were up 3.25¢/lb by end of May. PCW’s senior editor Donna Todd reported that late-settling April ethylene contracts settled down 1.5¢/lb at 26.75¢/lb and May contracts settled down 0.75¢/lb to 26¢/lb. Both Todd and Kallman noted that suppliers’ stance was that the low ethylene prices cannot be sustained, and that domestic demand picked up nicely in April-May as did exports with this trend continuing into June and third quarter

● PET: PCW’s senior editor Xavier Cronin reported domestic bottle-grade PET prices rose in May by 3-5¢/lb to the mid-70 ¢/lb range delivered Midwest, driven by rising crude oil and PET feedstock prices. Average U.S. PET feedstock costs in May were up by 2.4¢/lb to 61.28¢/lb, from April, according to one calculation used by large-volume PET suppliers and buyers to invoice May deliveries. PCW ventures prices of PET (prime, offgrade and rPET) are likely to increase by another 1-3¢/lb in the June-July timeframe driven by the packaging sectors due to ‘skyrocketing’ consumption of carbonated soft drinks and bottles water. This projected price increase also assumes that crude oil prices will rise or stay at current elevated levels.

● ABS: Prices remained fairly stable through second quarter, following the 5¢/lb increases in January. Suppliers’ efforts to push through price hikes of 6-7¢/lb failed as feedstock prices retreated and competition from ABS imports were lower, according to RTi’s Kallman. Characterizing the market as currently more balanced, he ventured continued flat pricing at least through June, depending on demand, with some upward pressure potential in late third quarter.

● PC: Prices were generally flat through second quarter following the implementation of January increases of up to 14¢/lb, with independent compounders and secondary suppliers, implementing similar increases in the February-March time frame, according to RTi’s Kallman. There were some new price increase attempts announced for May, related to distribution channels and smaller compounders, but implementation was at best mixed, with Kallman characterizing overall PC pricing as steady. He ventured PC prices would largely remain flat through third quarter.

● NYLON 6 FLAT; NYLON 66 UP: Nylon 6 prices remained flat from March through May, as benzene prices bottomed out at $1.90/gal, and moved up to only $1.96/gal in May, according to RTi’s Kallman. Potential for some upward pressure is possible this month, as benzene oversupply will be over and prices could firm up. Too, nylon 6 plants are operating at high rates as there is increasing industry talk for replacement of nylon 66 due to the latter’s higher prices.

Meanwhile, nylon 66 prices were largely flat through May, after moving up 15-20¢/lb in first quarter, driven by a global market that became very tight. according to Kallman. “We had seven force majeure actions on intermediates—mostly in Europe, though first quarter and into the second. Recovery will be long—supply is tight domestically and much tighter in Europe and Asia. He anticipates upward pricing pressure as we move through third quarter due to the tightness and possible higher butadiene and propylene prices.

Related Topics
-INSIGHT: Global focus on plastics means patterns of growth will change – Polymers demand may be outpacing economic growth now but what will consumption look like in 5, 10 or 20 years time? – Polymers demand may be outpacing economic growth now but what will consumption look like in 5, 10 or 20 years time? – Global focus plastics growth change polymers

Bio-on inaugurates in Italy the first special bioplastics production plant. 100% natural and biodegradable – Bioon Italy special bioplastics 100% natural biodegradable

Bioon Italy special bioplastics 100% natural biodegradable

Bio-on inaugurates in Italy the first special bioplastics production plant. 100% natural and biodegradable

Bioon Italy special bioplastics 100% natural biodegradable  Source: BIO-ON S.P.A.

  • 20 million Euro investment behind new production hub, the first owned by Bio-on. Highly sustainable project converted from a former factory: occupies no new land and is powered by electric energy generated by an advanced trigeneration plant.
  • New factory will produce various types of special biopolymers, particularly Minerv Bio Cosmetics, the natural and biodegradable bioplastic designed to replace harmful microbeads in today’s cosmetics.
  • New plant, located in Castel San Pietro Terme near Bologna, is also the headquarters of CNS division laboratories (Cosmetic, Nanomedicine & Smart Materials) employing over 20 researchers.
  • New Bio-on plant, currently employing 45 people, expects to double its workforce by the end of the year.

Bologna (Italy), 20 June 2018 – Bio-on, operating in the high quality bioplastic sector and listed on the AIM segment of Borsa Italiana, today inaugurated its first owned plant designed to produce 100% natural and biodegradable special PHAs bioplastics for high added value niche markets such as the microbeads used in the cosmetics sector.

“We are extremely proud,” explains Bio-on Chairman and CEO Marco Astorri, “because this factory demonstrates all-Italian excellence and is the beginning of a new era in the global green chemical industry. From today, thanks to our bioplastic, many companies will have the chance to protect the environment and give ecological credentials to their products, in compliance with ever more stringent limits on the use of conventional plastics.”

The new production hub is located in Castel San Pietro Terme just outside Bologna in an area of 30,000 m2; it has 3,700 m2 covered space and 6,000 m2 land for development. Current production capacity is 1000 tons per year, which can be quickly doubled. The plant, managed by Bio-on Plants, the division responsible for production, future expansion and new plants, is equipped with the very latest technologies and the most advanced research laboratories. Here, over 20 researchers in the CNS division (Cosmetic, Nanomedicine & Smart Materials) can test new carbon sources from agricultural waste to produce new types of biodegradable bioplastic and increase the range of technologies offered by Bio-on. Bio-on also demonstrates its focus on sustainability in its choice of site, opting to convert a former factory without occupying any new land. The overall investment in the production hub and new research laboratories is 20 million Euro.

“We are very pleased because since March 2017, when the first stone was laid, we have kept to our schedule and kept the promises we made to the market,” says Marco Astorri. “Our technicians and partners have been incredibly reliable throughout the process.”

“Like all complex industrial plants, the new production hub is running a series of tests before becoming fully operational in the autumn. The entire production cycle is run from an innovative control room at the heart of the plant,” explains Riccardo Casoni, Bio-on Plants director, “and this is where the entire industrial process will be tested before production begins 24/7.”

The first product to come out of the Castel San Pietro Terme plant will be Minerv Bio Cosmetics, the bioplastic microbeads for cosmetics designed to replace the oil-based plastic particles currently used, which are harmful and non-biodegradable. These microbeads, which are used as thickeners or stabilisers in such widely used products as lipstick, lip gloss, mascara, eye-liner, nail polish, creams, shampoo, foam bath and even toothpaste, pollute the environment because once they are rinsed off after use, they become a permanent part of the natural cycle: plankton in the rivers and seas swallow these plastic particles and thus introduce them into the food chain. The level of pollution is so serious that the USA was the first country to bring in a law (Microbead-Free Waters Act of 2015banning the use of oil-based polymers in body care products. Some countries, such as Canada, UK, Sweden and France, recently followed suit while others, such as Ireland, Netherlands, Italy, have announced they will do so*. Using Minerv Bio Cosmetics bioplastic in cosmetics products eliminates these pollutants because the micro particles of bioplastic are naturally biodegradable in water and, therefore, do not enter the food chain. What is more, the biopolymer developed at the Bio-on laboratories actually decomposes into a nutrient for some micro-organisms and plants present in nature. The benefit for the environment is therefore two-fold.

The new production hub is also the headquarters of Business Units RAF (Recovery And Fermentation), which develops and optimises bioplastic fermentation and extraction processes to obtain the best possible product yield; and CNS (Cosmetic, Nanomedicine & Smart Materials), which uses cutting-edge scientific equipment to test new types of bioplastic and develop new applications. The areas of operation are Cosmetics, Nanomedicine, Biomedical, Nutraceuticals, Bioremediation, Organic Electronics and Advanced Materials. CNS laboratories are the base for over 20 researchers from various parts of the world and many different scientific disciplines, such as chemistry, physics, biology, pharmacy, materials engineering, biotechnologies, electronics, and mathematics with an average age of 30.

All the Minerv PHAs bioplastics (polyhydroxyalkanoates) developed by Bio-on are made from renewable plant sources with no competition with food supply chains. They guarantee the same thermo-mechanical properties as conventional plastics with the advantage of being 100% eco-sustainable and naturally biodegradable.

Press information: Simona Vecchies +393351245190 – press@bio-on.it – Twitter @BioOnBioplastic

* The ban on using products containing microbeads has been implemented differently and on different dates by the countries listed. Source: Bio-on, Wikipedia and BeatTheMicrobeads.org.

Bio-on S.p.A.

Bio-on S.p.A., an Italian Intellectual Property Company (IPC), operates in the bioplastic sector conducting applied research and development of modern bio-fermentation technologies in the field of eco-sustainable and completely naturally biodegradable materials. In particular, Bio-on develops industrial applications through the creation of product characterisations, components and plastic items. Since February 2015, Bio-on S.p.A. has also been operating in the development of natural and sustainable chemicals for the future. Bio-on has developed an exclusive process for the production of a family of polymers called PHAs (polyhydroxyalkanoates) from agricultural waste (including molasses and sugar cane and sugar beet syrups). The bioplastic produced in this way is able to replace the main families of conventional plastics in terms of performance, thermo-mechanical properties and versatility. Bio-on PHAs is a bioplastic that can be classified as 100% natural and completely biodegradable: this has been certified by Vincotte and by USDA (United States Department of Agriculture). The Issuer’s strategy envisages the marketing of licenses for PHAs production and related ancillary services, the development of R&D (also through new collaborations with universities, research centres and industrial partners), as well as the realisation of industrial plants designed by Bio-on.

Issuer 
Bio-On S.p.A.
Via Dante 7/b
40016 San Giorgio di Piano (BO)
Tel. +39 051893001 – info@bio-on.it
Nomad
EnVent Capital Markets Ltd
25 Savile Row W1S 2ER London
Tel. +447557879200
Italian Branch
Via Barberini, 95 00187 Roma
Tel. +39 06 896.841 – pverna@envent.it
Specialist
Banca Finnat Euramerica S.p.A.
Piazza del Gesù, 49
00186 Rome
Lorenzo Scimia
Tel. +39 06 69933446 – l.scimia@finnat.it

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Iran Rejects Russian, Saudi Plan To Raise Oil Output, Rein In Prices – Iran Russia Saudi crude oil Oil Output

Iran Rejects Russian, Saudi Plan To Raise Oil Output, Rein In Prices


 Iran Russia Saudi crude oil Oil Output
Iranian Oil Minister Bijan Namadar Zanganeh

Iran has rejected a plan by Russia and Saudi Arabia to increase oil production at a meeting of the OPEC oil cartel this week in response to consumer disgruntlement with rising prices.

“I don’t believe at this meeting we can reach agreement,” Iran’s oil minister Bijan Zanganeh told reporters after arriving in Vienna, where OPEC is headquartered, on June 19.

Moscow and Riyadh have proposed reversing most of a 1.8 million barrels a day cut in production that OPEC and other major producers agreed to in 2016 amid recent calls by the United States, China and other major oil-consuming countries for relief from rising pump prices.

But Iran has signalled its opposition along with Iraq, Algeria, and Venezuela, three other influential OPEC members. Zinganeh cited recent demands for a production increase from U.S. President Donald Trump as a reason to oppose it.

Trump has “created difficulty for the oil market” by imposing sanctions on Venezuela and Iran, Zinganeh asserted, leading to lower production and higher prices.

“And now he expects OPEC to change something for better prices,” he said. “That is not fair. OPEC is an independent organization, not an organization to receive instruction from President Trump… OPEC is not part of the Department of Energy of the United States,” he said.

Premium crude prices have surged nearly 75 percent to almost $80 a barrel since the Organization of Petroleum Exporting Countries and allies such as Russia, Kazakhstan, and Mexico agreed to a production cut in late 2016.

OPEC is due to meet on June 22 to review the agreement, and plans to meet the next day with Russia and other non-OPEC producers that joined the agreement in 2016.

Stressing his opposition to reversing the production cuts, Zanganeh said he plans to leave Vienna before the planned talks with Russia.

Iran’s opposition to raising oil output puts it on a collision course with Russia, which has called for raising production by 1.5 million barrels a day, in a near-total rollback of the 2016 production cuts.

Russian Energy Minister Aleksandr Novak said the need for increased output is urgent during the summer, when demand for gasoline and oil hits a high point for the year.

“Oil demand usually grows at the steepest pace in the third quarter… We could face a deficit if we don’t take measures,”Novak said on June 19. “In our view, this could lead to market overheating” — meaning sharply higher prices.

Novak said that if OPEC and its allies decide this week to raise output, they could review their decision and fine-tune it at another planned meeting in September.

Iraq, Iran, Libya, Venezuela, and other opponents face constraints on raising production and thus would benefit little from a production increase, especially one which would result in lower prices for their oil exports, analysts say.

Russia, Saudi Arabia, and some other Persian Gulf producers, on the other hand, have the capacity to raise output and would benefit the most from an easing of the production freeze, they say.

Saudi Arabia, a close ally of the United States, is particularly under pressure from Trump to offset any production decline caused by the reimposition of U.S. sanctions on Iran in November.

Riyadh supported Trump’s decision to withdraw from Iran’s nuclear agreement with world powers and reimpose the sanctions.

Beyond that, Russia has warned that continuing to limit supply could encourage increased production from shale oil producers in the United States, who are not part of the OPEC agreement and pose outside competition.

On June 19, the head of Russia’s second-largest oil firm Lukoil, Vagit Alekperov, said the 2016 production cuts should be reduced by half and that Lukoil could restore its oil output levels within two to three months.

Without any agreement from Iran and other OPEC members this week, analysts say both Saudi Arabia and Russia may decide to increase production on their own.

With reporting by Reuters, AFP, and Bloomberg

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