Polyestertime

Polymers Petrochemicals WTI Oil 18-07-2019

Polymers Petrochemicals WTI Oil

-Monforts Head of Denim Hans Wroblowski provides details of the new CYD during ITMA 2019.

Monforts Head of Denim Hans Wroblowski provides details of the new CYD during ITMA 2019. (c) AWOL Media.

The new Monforts yarn dyeing technology is being made commercially available at exactly the right time for fabric differentiation and cost efficiencies, if the initial market reaction at ITMA 2019 is anything to go by.

Leading dyeing and finishing machine manufacturer Monforts reports that was inundated with requests for trials on its new CYD yarn dyeing pilot line by the leading denim manufacturers at ITMA 2019.

Polymers Petrochemicals WTI Oil

-Saudi Arabia Now Controls North America’s Largest Refinery

Ahead of its expected IPO, Kingdom-owned Aramco now has 100 percent stake in this Texas facility.

Saudi Aramco, Saudi Arabia’s state-owned oil company, now has 100 percent control of the largest refinery in North America, the company announced Monday. The Port Arthur refinery in Texas, which can process 600,000 barrels of oil per day, is now completely owned by Aramco.

The change of ownership means that the oil giant will have the ability to pump more Saudi crude into North America, ahead of next year’s planned IPO, according to CNN Money.

Polymers Petrochemicals WTI Oil

-Genera Secures Investment for Sustainable Packaging and Fiber Products Made From Grass

Tennessee-based company closes financing for its first Earthable® fiber products manufacturing facility

Genera announced today it has secured more than $118 million in new investment for its first manufacturing facility to produce its Earthable® line of sustainable agricultural fiber products.

Genera will use locally grown grasses and other agricultural crops to make compostable food service packaging products like plates, bowls, and takeout containers at its new manufacturing facility in Vonore, Tennessee. In addition to making products that are a sustainable alternative to plastics and polystyrene (Styrofoam-type products), Genera’s Earthable® fibers are also used to produce a wide array of towel, tissue, cupstock and other paper products.

Polymers Petrochemicals WTI Oil

-Flexible design for recycling: From theory to practice

The focus will be on new developments in purely polyolefin packaging solutions to replace previously preferred mixed laminates. Furthermore, the possibilities of using post consumer recyclate (PCR) and renewable raw materials will be presented on the basis of various applications.

In the context of design for recycling, the requirements for flexible packaging have changed considerably, with the introduction of the German packaging law and public pressure. The challenge lies in implementing the changes for already established packaging concepts. The decisive factor here is that the functionality of the packaging material is maintained in the course of the material change.

Polymers Petrochemicals WTI Oil

-Tackling the rPET challenge

Coca-Cola European Partners recently announced that the company will be using bottles made from 100% recycled plastic for its Honest, GLACÉAU Smartwater and Chaudfontaine brands.

The transition will to occur between the end of 2019 and 2020 and is set to replace 9,000 tonnes of virgin plastic per year across Western Europe, the company says.

This is in line with Coca-Cola’s commitment that, by 2025, at least half of the plastic used in PET bottles across Western Europe will come from recycled sources.

Polymers Petrochemicals WTI Oil

-Henkel launches EPIX technology for sustainable packaging materials

The packaging and consumer goods division of German company Henkel has launched EPIX technology to support sustainable packaging materials.

EPIX’s technology portfolio features materials and chemistry solutions that improve paper quality for products ranging from straws and cups to eCommerce packaging. It also drives sustainable alternatives to single-use convenience items.

The patented technology is designed to help paper deliver increased functionality, enhance performance and enable companies’ to maintain the package’s sustainability and recyclability.

Henkel launches EPIX technology

-Germany’s Brenntag warns of lower earnings as poor economy hits demand

Brenntag has warned that full-year earnings will not meet previous guidance after the company experienced challenging macro-economic conditions in North America and Europe, Middle East and Africa (EMEA), the German chemicals distributor said this week.

The company said that it now expects full-year operating earnings before interest, tax, depreciation and amortisation (EBITDA) to grow between 0% and 4%, compared with previous guidance of 3% to 7% (comparable basis – constant exchange rates and same accounting standard).

Brenntag experienced a noticeable slowdown in demand in June after good business development during April and May, it said.

Germany's Brenntag warns of lower earnings as poor economy hits demand

-Oil Halts Slide On Crude Draw

The Energy Information Administration reported a modest oil inventory draw of 3.1 million barrels for the week to July 12, confirming and even exceeding the American Petroleum Institute’s Tuesday estimate of a small 1.401-million-barrel draw.

Today’s figure follows an estimated a 9.5-million-barrel draw in oil inventories for the previous reporting period.

In gasoline, the EIA reported a build of 3.6 million barrels for last week, which compares with a draw of 1.5 million barrels a week earlier. Gasoline production averaged 9.9 million bpd, which compares with 10.4 million bpd a week earlier.

Polymers Petrochemicals WTI Oil

-Fast fashion: Zara promises all its clothes will be sustainable by 2025

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Zara – and other brands like Pull & Bear and Bershka – have promised to only sell sustainable clothes by 2025.

The company that owns these shops says all cotton, linen and polyester they sell will be organic, sustainable or recycled.

Zara has 64 UK stores, and its parent company has 7,490 shops worldwide.

Reacting to the news, Friends of the Earth told Radio 1 Newsbeat it would be “better for everyone if the industry sold clothes made to last.”

Polymers Petrochemicals WTI Oil

-This T-shirt is made from carbon fibers usually found in jet engines

Vollebak, makers of the Graphene Jacket, created a T-shirt made from superthin carbon fibers usually reserved for missiles, jet engines, and the world’s fastest cars.

Hot on the heels of the success of its jacket made from graphene—the lightest, strongest material ever invented—outdoor fashion startup Vollebak has a new trick up its sleeve: it’s a T-shirt made from carbon fibers usually used in missiles, jet engines, and supercars.

This T-shirt is made from carbon fibers usually found in jet engines

-AdvanSix plans to close PA film factory in the USA

The American company AdvanSix, a division of Honeywell, a corporation engaged in the production of resins and chemical products, intends to close the plant for the production of polyamide films in Pottsville (Pottsville , Pennsylvania, USA) in the third quarter, the manufacturer said. AdvanSix Honeywell polyamide film

At the same time, the company announced a strategic alliance with the Oben Group, a manufacturer of films for the production of flexible packaging. These measures will allow AdvanSix to “increase productivity in this industry,” added Erin Kane, CEO.

AdvanSix plans to close PA film factory in the USA

Polymers Petrochemicals Bioplastic Technology 17-07-2019

Polymers Petrochemicals Bioplastic Technology 

China – Polyethylene Terephthalate

PET and its chain assessed mixed.

Crude oil today  is weak.

Polyamide 6 and its chain are steady.

Acrylonitrile is weak.

PET Bottle grade export 920/970 $/ton PET Bottle grade domestic market 7,650/7,750 yuan/ton PET Filament grade SD domestic market 7,100/7,250 yuan/ton – PET Filament grade BR domestic market 7,200/7,350 yuan/ton

PTA Taiwan 785/795 $/ton PTA domestic market 6,300/6,400 yuan/tonMEG  530/540 $/ton – MEG domestic market 4,250/4,350 yuan/tonPX Korea 815/830 $/ton  Polymers

Polyester POY 150D/48F  domestic market 8,100/8,200  yuan/tonPolyester DTY 150D/48F  domestic market 9,500/9,600  yuan/tonPolyester Staple PSF domestic market 8,000/8,100 yuan/ton

 

Polymers Petrochemicals Bioplastic Technology

Crude Oil Prices Trend

Polymers Petrochemicals Bioplastic Technology

-PET polymer producer NEO Group adds third production line

Twelve years ago, NEO Group purchased  BKG underwater pelletisers and related components for three PET polymerisation lines but installed only two, storing the unused BKG equipment in their original shipping boxes.

NEO Group

NEO Group Complex at Klaipeda, Lithuania

Today the company has a new, third PET line, making it the second-largest PET producer in Europe, and those 12-year-old BKG pelletisers are hard at work as if they were delivered yesterday.

NEO Group had purchased the PET production lines from Zimmer AG, including twelve BKG underwater pelletisers: four for each polymerisation line, plus polymer diverter valves, gear pumps, water systems, pellet dryers, and controls.

Polymers Petrochemicals Bioplastic Technology

-Storage flaws cause PET issues

Proprietary research from PTI has revealed that PET bottle performance issues may have their root cause in how long preforms are stored and in what environment.

PTI’s plant support staff were frequently being asked what storage duration was acceptable for preforms, explained Sumit Makherjee, chief technology officer, so the company studied 2-litre and 20-ounce preforms that were more than a year old. These preforms were dried under vacuum at 40 deg C to get them back to a condition similar to when they were first moulded.

Polymers Petrochemicals Bioplastic Technology

-Pretium Packaging invests in PET blow molding equipment for Alabama plant

Pretium Packaging (Chesterfield, MO), a manufacturer of plastic containers and closures, has made a $2 million-dollar investment in new reheat stretch polyethylene terephthalate (PET) blow molding equipment and infrastructure for its Troy, AL manufacturing plant.

The equipment can produce both cold- and hot-fill PET containers to support the growing demand from the condiment, sauce and dressing market, as well as increased supply requirements from the beverage category, including ready-to-drink teas, energy drinks, coffee and more. Polymers Petrochemicals Bioplastic Technology

Polymers Petrochemicals Bioplastic Technology

-German economic sentiment continues to decline on ongoing trade tensions – ZEW

German investor sentiment continued to decline in July as ongoing trade tensions and geopolitical uncertainties weigh on expectations, research institute ZEW said on Tuesday.

Euro sculpture in Frankfurt. Source: Stefan Ziese/imageBROKER/Shutterstock

The institute’s indicator for economic sentiment fell to -24.5 points, dropping 3.4 points on the previous month, following a significant 19-point drop in June.

The assessment of the economic situation in Germany recorded the first negative reading since 2010 at -1.1 for July, falling by 8.9 points. The indicator’s long-term average is 21.8 points.

German economic sentiment continues to decline on ongoing trade tensions

-Austrian project proves non-bottle PET credentials

Several Austrian companies are joining forces to prove that non-bottle PET waste can be successfully recycled into high-quality products.

Spearheaded by Next Generation Recyclingmaschinen (NGR), the RePETitio project started in June 2019 and takes household PET waste such as blister packaging, thermoformed trays and films, which have been collected and sorted into a total of six material types by Landes-Abfallunternehmen (LAVU) and Altstoff Recycling Austria (ARA). Kruschitz GmbH conducts the subsequent flake production, including washing and shredding.

Austrian project proves non-bottle PET credentials

-Stepped-up cooperation between Borealis and Erema tackles challenge of plastics recyclability

Resin supplier Borealis and recycling systems provider Erema have signed a letter of intent (LOI) for the purpose of deepening their cooperation in the field of mechanical recycling. The shared goal is to advance mechanical recycling technologies in order to accelerate the transition to a circular economy of plastics. The companies also aim to enhance recycling processes in order to satisfy increasing market demand for higher-quality recyclate used in high-end applications. Polymers Petrochemicals Bioplastic Technology

Stepped-up cooperation between Borealis and Erema tackles challenge of plastics recyclability

-Global stocks fall, U.S. yields rise on retail sales data

A gauge of global equities fell on Tuesday and U.S. Treasury yields climbed as a stronger-than-anticipated report on retail sales raised the possibility the Federal Reserve could move towards a less dovish stance.

U.S. retail sales rose 0.4% in June, as households stepped up purchases of motor vehicles and a variety of other goods. The solid number comes on the heels of recent data showing a strong labor market and a pickup in consumer prices.

While the Fed is still largely expected to cut rates by a quarter of a percentage point at its July 30-31 policy meeting, expectations for a more aggressive half a percentage point cut have been scaled back. Polymers Petrochemicals Bioplastic Technology

Polymers Petrochemicals Bioplastic Technology

-Notes from the field: The state of plastics processing

I had the good fortune to visit four injection molding companies in the U.S. Midwest last week. I have a full notebook, so there will be plenty of coverage coming from the trip.

But since many readers don’t get an opportunity to visit a wide variety of molders in just a few days, I’m sharing my impressions of the state of plastics processing in the summer of 2019.

Polymers Petrochemicals Bioplastic Technology

-Apparel Textile Industry Readies for Functional Fabric Fair New York Powered by PERFORMANCE DAYS®

Complimentary Industry Admission; 120+ Curated Exhibits, Educational & Networking Programs Offered

Functional Fabric Fair New York powered by PERFORMANCE DAYS® will present more than 120 regionally diverse and hand-selected textile manufacturers, suppliers and service providers, July 22-23, 2019, at the Javits Center in New York.

The event has doubled in size from its 2018 launch and is attracting more than 1,600 registered designers and product, purchasing and material managers to preview the latest trends, source high performance functional fabrics and accessories, attend educational workshops and network among peers. Polymers Petrochemicals Bioplastic Technology

Polymers Petrochemicals Bioplastic Sanctions 16-07-2019

Polymers Petrochemicals Bioplastic Sanctions

China – Polyethylene Terephthalate

PET and its chain are very weak.

Crude oil today  is steady.

Polyamide 6 and its chain are steady.

Acrylonitrile is weak.

PET Bottle grade export 920/970 $/ton PET Bottle grade domestic market 7,650/7,750 yuan/ton PET Filament grade SD domestic market 7,250/7,400 yuan/ton – PET Filament grade BR domestic market 7,350/7,500 yuan/ton

PTA Taiwan 785/795 $/ton PTA domestic market 6,250/6,350 yuan/tonMEG  520/530 $/ton – MEG domestic market 4,200/4,300 yuan/tonPX Korea 835/845 $/ton  Polymers

Polyester POY 150D/48F  domestic market 8,100/8,200  yuan/tonPolyester DTY 150D/48F  domestic market 9,500/9,600  yuan/tonPolyester Staple PSF domestic market 8,050/8,100 yuan/ton

Polymers Petrochemicals Bioplastic Sanctions

Crude Oil Prices Trend

Polymers Petrochemicals Bioplastic Sanctions

-China June crude oil throughput rises to record on new plants

Crude processing volumes last month reached 53.7 million tonnes, or about 13.07 million barrels per day (bpd), beating the previous record in April of 12.68 million bpd, according to figures from the National Bureau of Statistics (NBS).

China’s crude oil throughput rose to a record in June, up 7.7% from a year earlier, following the start-up of two new, large refineries, official data showed on Monday.

Crude processing volumes last month reached 53.7 million tonnes, or about 13.07 million barrels per day (bpd), beating the previous record in April of 12.68 million bpd, according to figures from the National Bureau of Statistics (NBS).

Polymers Petrochemicals Bioplastic Sanctions

-Government helps fund new plant for New Zealand’s first 100% recycled plastic food packaging

Associate Environment Minister Eugenie Sage today announced a significant investment in a new plant to create New Zealand’s first 100% recycled plastic food packaging range as part of the wider plan to tackle the plastic pollution challenge.

A $3 million grant from the Ministry for the Environment’s Waste Minimisation Fund is being made to Pact Group (NZ) Ltd. The grant will enable the company to create a range of 100% recycled food packaging across ten common product lines such as: meat and bakery trays, and, deli, food and produce containers at its Auckland plant.

Polymers Petrochemicals Bioplastic Sanctions

-India’s June trade deficit narrows to $15.28 billion

Merchandise exports fell 9.71% to $25.01 billion in June compared with a year earlier, and imports were down 9.06% at $40.29 billion, the data showed.

India’s trade deficit narrowed to $15.28 billion in June from $16.6 billion in June 2018, the trade ministry said in a statement on July 15. Polymers Petrochemicals Bioplastic Sanctions

Polymers Petrochemicals Bioplastic Sanctions

-Introducing Domo Film Solutions and Nyleen, a line of sustainable nylon films

Materials engineering company Domo Chemicals (Leuna, Spain) is changing the name of its cfp flexible packaging business to Domo Film Solutions, effective immediately. The stated reason for the change is to emphasize the company’s position as a provider of nylon film solutions in Europe

NyleenThe name change visibly incorporates the unit within the Domo Group brand identity, said the company, and clearly indicates its core business—providing customers with solutions based on more than 40 years of expertise and full upstream integration with the nylon 6 chemical chain.

Polymers Petrochemicals Bioplastic Sanctions

-Anglo-French Textiles mills yet to come out of severe crisis

It was in 2013 that the management of the government-run Anglo French Textiles (AFT) mills declared a 45-day layoff causing concern among its hundreds of labourers.

More than five-and-a-half years after the mill stopped operations in its A, B and C units except spinning unit, more than a century-old textile mill is now in the throes of a severe crisis with its net worth on the downward spiral. Polymers Petrochemicals Bioplastic Sanctions

Polymers Petrochemicals Bioplastic Sanctions

-Iran ready to talk if U.S. lifts sanctions, Pompeo skeptical

Iran is ready to hold talks with the United States if Washington lifts sanctions and returns to the 2015 nuclear deal it quit last year, Iranian President Hassan Rouhani said in a televised speech on Sunday.

U.S. President Donald Trump’s administration has said it is open to negotiations with Iran on a more far-reaching agreement on nuclear and security issues.

But Iran has made any talks conditional on first being able to export as much oil as it did before the United States withdrew from the nuclear pact with world powers in May 2018.

Polymers Petrochemicals Bioplastic Sanctions

-Iran’s PET Market Stable

T he local PET market has stabilized as the supply has increased compared to last year, secretary general of the Association of Petrochemical Employers Unions said.

Speaking about polyethylene terephthalate (PET), which is one of the products in the petrochemical industry downstream sector, Ahmad Mahdavi-Abhari said: “Shahid Tondgouyan Petrochemical Complex, the only PET company in Iran produces large volumes and the market is now stable,” IRNA reported.

Iran's PET Market Stable

-PACT Group receive funding to transition to 100% recycled

Pact Group announces with funding received from the Waste Minimisation Fund (WMF) it now has the capability to use up to 100% locally sourced recycled Polyethylene Terephthalate (rPET) in food grade packaging.

Executive General Manager Pact Group Eric Kjestrup said We are thankful for the support we have received from the Waste Minimisation Fund as it will enable Pact Group to produce an extensive range of 100% rPET food grade packaging products, including meat trays, bakery trays, deli containers, food containers, produce containers and beverage bottles. Polymers Petrochemicals Bioplastic Sanctions

PACT Group receive funding to transition to 100% recycled

-Europe EPS producers squeezed as margins continue to erode, demand remains flat

Some sellers of expandable polystyrene (EPS) in Europe are concerned about market dynamics because prices have continued to fall more than upstream costs in recent months.

Villagers build house out of foam, Hejin, China – 27 May 2018This is eroding margins at a time when demand remains broadly flat in key markets and supply is ample.

Competitively-priced offers for Iranian origin material in May and June has eaten into some European producers’ market share in the region.

It has also led to higher inventory levels, which is putting downward pressure on EPS prices as feedstock costs tumble.  Polymers Petrochemicals Bioplastic Sanctions

Europe EPS producers squeezed as margins continue to erode, demand remains flat

-IRO AB introduces new Industry 4.0 ready machines at ITMA

Following significant investment in the R&D capabilities at its base in Ulricehamn, Sweden, IRO AB introduced a range of new Industry 4.0 ready weft yarn feeding and tension control innovations for weaving looms at the recent ITMA 2019 in Barcelona, Spain. IRO AB, a Vandewiele company, is a member of TMAS – the textile machinery association of Sweden.

IRO AB has been the market leader in the weft yarn feeding machines field for many decades supplying systems to the majority of the leading weaving machine manufacturers, as well as advanced new products for retrofitting to working mills around the world.

Polymers Petrochemicals Bioplastic Sanctions

Polymers Petrochemicals Seat Fabric 15-07-2019

Polymers Petrochemicals Seat Fabric

Polyolefins Petrochemical Polymers Prices

Polymers Petrochemicals Seat Fabric

Crude Oil Prices Trend

Polymers Petrochemicals Seat Fabric

-Bioplastics market 2019 to expand at a cagr of 26.03% by 2023: complete market analysis by growth opportunities, demand, production

Bioplastics are segmented into biodegradable plastics (bio-based and fossil-based) and non-biodegradable plastics (bio-based).

Currently, non-biodegradable plastics (bio-based) account for around 72% of bioplastic market.

Bio-based, non-biodegradable plastics, including the drop-in solutions, such as, bio-based PE (polyethylene), bio-based PET (polyethylene terephthalate), and bio-based PA (polyamides), currently make up for around 56% of the global bioplastics production capacities.

The production of bio-based PE is predicted to continue to grow, as new capacities are planned in Europe, during the forecast period.

Bio-based PE is used in packaging applications, such as, carry bags, plastic films, and bottles.

Polymers Petrochemicals Seat Fabric

-France to set penalties on goods packaged with non-recycled plastic in 2019

Plastic production has soared more than 40 per cent globally over the past 10 years, mainly for packaging Credit: Romeo GACAD / AFP

rance plans to introduce a penalty system next year that would increase the cost of consumer goods with packaging made of non-recycled plastic, part of a pledge to use only recycled plastic nationwide by 2025, an environment ministry official said on Sunday.

Brune Poirson, secretary of state for ecological transition, said the move was one of several to be implemented in coming years, including a deposit-refund scheme for plastic bottles.

Polymers Petrochemicals Seat Fabric

-K 2019 – New products from plastic waste: BASF customers showcase prototypes made from chemically recycled material

More and more companies from the plastics industry are working on improving the recyclability of plastics and thus helping to create a circular economy. One way that BASF is contributing is the ChemCycling project: At the end of 2018, the company first used pilot volumes of a pyrolysis oil derived from plastic waste as a feedstock in its own production.

At a press conference in advance of K 2019, the world’s largest trade show for the plastics and rubber industry, four partners have showcased the first prototypes that were created during the pilot phase of the project.

Polymers Petrochemicals Seat Fabric

-Watch: Italy’s answer to the problem with plastic

Damning reports have suggested the amount of plastic in the world’s oceans will outweigh fish by 2050.

Not only is plastic leaking into seas at a startling rate – a truckload per minute, according to World Economic Forum – but once it’s in there, fish mistake it for food.

The situation has left companies across Europe scrambling to produce alternatives to our growing problem with plastics.

Polymers Petrochemicals Seat Fabric

-SUV front-end support made from continuous-fiber-reinforced thermoplastic composite

Tepex dynalite continuous-fiber-reinforced thermoplastic composite sheets from Lanxess can be used to manufacture large, highly integrated structural components for automotive lightweight design.

The Mercedes-Benz GLE SUV, for example, features a front-end support comprising two welded composite half-shells made from polypropylene-based Tepex dynalite 104-RG600(3)/47% sections measuring roughly 1.2 meters in length and 0.35 meters in width.  Polymers Petrochemicals Seat Fabric

Polymers Petrochemicals Bioplastic Fabric

-Car seats: Are they important?

Safety, better driving, fuel efficiency and more come with paying attention to car seats

Dubai: Do you pay any attention to the car seats when deciding to buy a car?

Experts will tell you that you should. In fact, that should be among your top considerations when purchasing a vehicle.

Seats are as important as the engine, particularly if you are driving a fast car. A good seat helps improve safety, makes us better drivers and can even increase a car’s fuel efficiency, say experts.

Whether buyers take car seats seriously or not, manufacturers are certainly doing so. It’s not just cushion, fabric and leather that goes into making a car seat. Seat making has become a specialised field now, with automakers contracting dedicated firms, such as Adient, Faurecia and Lear, to get the job done. Polymers Petrochemicals Seat Fabric

Polymers Petrochemicals Bioplastic Fabric

-FAQ’s on Plastics 25 important questions that will help us find solutions to the plastic crisis.

In our full entry on Plastic Pollution we provide an in-depth overview of global plastic production, distribution, management, and impacts through data visualisations and explainers. There you should find most of the data and context needed to understand the problem of global plastics.

However, having worked with the YouTube channel, Kurzgesagt – In a Nutshell, on its video on Plastics and its AMA (Ask Me Anything) on Plastics at Reddit, it is clear that people have many burning questions on the topic.

Polymers Petrochemicals Bioplastic Fabric

-New line concept for single-origin packaging solutions to meet demands of a circular economy

Brückner Maschinenbau is working on a means to make films with the highest possible recycling capabilities producible on film stretching lines. The focus is on mono-material film with superior mechanical and optical properties, which will be able to substitute previous multi-layer films made from different materials. These are ideal for the use in new, single-origin packaging and guarantee good sortibility in waste separation and optimal recycling.

For the K 2019 Brückner will introduce two completely new line concepts for the production of BOPE films (biaxially oriented polyethylene). Film producers can chose between a working width of 6.6 m and an output of 3 t/h, or a working width of 8.7 m and an output of 5 t/h. These are 5 layer concepts for an extended range of films.

New line concept for single-origin packaging solutions to meet demands of a circular economy

-Xinhua Headlines: China’s war on trash creates market for European green enterprises

Trash separation is the talk of the town in China these days as the government unveils a list of 46 “pilot cities” to build up a garbage sorting and processing system by 2020.

Mandatory schemes on household garbage sorting have already emerged in metropolises like Shanghai in order to improve its recycling rates.

Moreover, an investment of 21.3 billion yuan (about 3.1 billion U.S. dollars) will be allocated to speed up building the recycling system, according to the Ministry of Housing and Urban-Rural Development.   P

China's war on trash creates market for European green enterprises

-Borouge will complete the construction of a new black PE production in 2020 

Borouge, a joint venture between Borealis and the Abu Dhabi National Oil company, plans to complete the construction of a new black polyethylene (PE) pipe plant in Ruwais, UAE in 2020, ICIS reports citing source in the company.

The new plant corresponds to the company’s goal – to double its production capacity of the material by 2030, the company said. Polymers Petrochemicals Seat Fabric

Borouge will complete the construction of a new black PE production in 2020 

-Adiponitrile Market to Generate Huge Revenue in Industry by 2028

Adiponitrile Market report 2019, discusses various factors driving or restraining the market, which will help the future market to grow with promising CAGR.

The Adiponitrile Market research Reports offers an extensive collection of reports on different markets covering crucial details.

The report studies the competitive environment of the Adiponitrile Market is based on company profiles and their efforts on increasing product value and production.

Adiponitrile Market to Generate Huge Revenue in Industry by 2028

-Biodegradable plastics trend could sabotage beverage companies’ efforts to use more recycled content

A feature article in the Wall Street Journal on July 1, “Shortage of Recycled Plastic Hits Beverage Companies,” noted how a shortage of recycled material—primarily PET—is hurting efforts of the big food-and-beverage companies to use more recycled content in their bottles.

Plastic bottlesOver the past two weeks, I’ve had the opportunity to sit in on two webinars, one sponsored by Jabil Packaging Solutions that featured Jabil, Danimer Scientific and KW Plastics, and another sponsored by SPE, “5 Myths about Material Recycling.”

Biodegradable plastics trend could sabotage beverage companies’ efforts to use more recycled content

-Bolger & O’Hearn sees growth from sustainable chemistries

Growth for US speciality chemicals manufacturer Bolger & O’Hearn will come from its latest developments of more sustainable chemistries, including non-formaldehyde acrylic resins, fluorine-free water repellents, and its recent association with Dutch multinational DSM’s textile polymer portfolio, according to the company’s marketing director Shawn Honeycutt.  Polymers Petrochemicals Bioplastic Fabric 

Bolger & O'Hearn sees growth from sustainable chemistries

-SK Innovation to upgrade pyrolysis-based waste plastic utilization for clean Jeju campaign

SK Innovation, SK Group`s energy and electric vehicle (EV) battery unit, will back the campaign to make Jeju island cleaner by sourcing plastic wastes for power supply.

It signed a memorandum of understanding with Jeju Clean Energy on Friday to further develop the latter’s pyrolysis-based waste-to-energy conversion technology under the company’s sustainable management initiative dubbed ‘Green Balance’ announced last May.

Polymers Petrochemicals Bioplastic Fabric

-Ideal solutions for future mobility

Safety first – BASF’s flame-retardant plastics

The speed at which we are able to optimize the performance, weight, safety and above all the efficiency of electric drive trains will be a crucial factor in the success of electromobility.

Flame-retardant plastics are indispensable in enabling savings to be made in terms of the weight and installation space required for high-voltage components.

Special polyamide (PA) and polybutylene terephthalate (PBT) grades from BASF can be used as halogen-free, flame-retardant materials to give high-voltage components both inside and outside of the vehicle the exact properties required.

Ideal solutions for future mobility Safety first – BASF’s flame-retardant p

-FDA grants broader approval for Ultranox 626

The US Food & Drug Administration (FDA) has granted an extension of existing approvals for SI Group’s Ultranox 626 phosphite antioxidant, permitting its use in a range of polypropylene food packaging and other food-contact applications.

FDA grants broader approval for Ultranox 626

-U.S. Threatens China With Sanctions On Iranian Oil Imports

The U.S. State Department has threatened China with sanctions because of its continued imports of Iranian oil—a move that was only to be expected but hardly the wisest one amid still high trade tensions between the two countries.

“We’re going to zero [exports of Iranian crude] and … countries that don’t abide by US sanctions will face repercussions for not abiding by US sanctions,” S&P Global Platts quoted a State Department spokeswoman as saying. “That goes for China or any other country in the world. We expect all countries to abide by US sanctions.”

U.S. Threatens China With Sanctions On Iranian Oil Imports

-VEOCEL™ Launches New Certification Criteria To Elevate Sustainability And Biodegradability In Personal Care And Beauty Products

Lenzing Group (Lenzing) today unveiled the new co-branding certification criteria for its specialty nonwoven ingredient brand – VEOCEL™. From 1 July 2019, the VEOCEL™ logo will only be featured on personal care and beauty products made from 100% cellulosic and biodegradable fiber materials.

This is an industry-first approach to establish a fiber ingredient brand as a label of trust, which aims to facilitate consumers in identifying sustainable nonwovens personal care and beauty products such as wipes, moist toilet tissues and facial sheet masks.

EOCEL™ Launches New Certification Criteria To Elevate Sustainability And Biodegradability

-Sustainable plastics: How far and how fast can we go?

Much of what consumers have seen and heard about plastics in the past year or two can be described, at best, as thought provoking and, at worst, as downright negative.

It’s therefore unsurprising that packaging has been the focus of attention, and this industry has been making good progress for some years toward more sustainable options.

Sustainable plastics: How far and how fast can we go?

-Hillenbrand to acquire Milacron in $2bn deal

Industrial equipment maker Hillenbrand has agreed to acquire plastics-processing equipment maker Milacron Holdings in a deal valued at approximately $2 billion, including net debt of roughly $686 million.

The deal is expected to close in the first quarter of 2020 and the combined company is assumed to generate annual revenue of roughly $3bn and free cash flow of more than $325m by 2021.

Hillenbrand to acquire Milacron in $2bn deal

Polymers Petrochemicals Recycling rPET 13-07-2019

Polymers Petrochemicals Recycling rPET

-The World Market for Bioplastics Packaging (2019-2024): Rigid Packaging Holds a Dominant Position

The “Bioplastics Packaging Market – Growth, Trends, and Forecast (2019 – 2024)” report has been added to ResearchAndMarkets.com’s offering.

The market for bioplastic packaging has been driven by the increasing awareness about the adversative effects of conventional plastics, which has steered to both consumers and regulatory bodies to opt for bioplastics in its place. Bio-PET and polylactic acid are the main types of bioplastics used for packaging globally.

Key Highlights

According to European Bioplastics, in 2018, global production volumes of bioplastics amounted to about 2.11 million tons with almost 65% of the volume intended for the packaging market considered as the major market segment within the bioplastics business. Fluctuating preference from synthetically derived chemicals yields to eco-friendly substitutes is anticipated to fuel the bioplastic packaging market.

Polymers Petrochemicals Recycling rPET

-Tex-Summit focuses on China’s textile industry development

This year’s Tex-Summit Global forum interpreted the development trend of China’s textile industry and related policies, global textile industry and machinery trade data.

It also addressed problems and opportunities in development of global printing, dyeing and finishing industry, and carried out discussions to help the industry improve quality and efficiency. Polymers Petrochemicals Recycling rPET 

Polymers Petrochemicals Recycling rPET

-Polyethylene Terephthalate (PET) Market by 2019-2024: Market Competitive Situation, Market Size, Opportunities, Vendors, Market Expansion

The report provides an overview of the “Polyethylene Terephthalate (PET) Market” industry including definitions, division, key vendors, key Development and market challenges. The Polyethylene Terephthalate (PET) Market analysis is provided the international markets including development trends, competitive landscape analysis, and key regions development status

Through the statistical analysis, the report depicts the global Polyethylene Terephthalate (PET) Market including capacity, production, production value, cost/profit, supply/demand and import/export. The entire market is further distributed by company, by country, and by application/type for the competitive landscape analysis.

Polymers Petrochemicals Recycling rPET

-CHTC Fong’s is making huge investment in Industry 4.0

The CHTC Fong’s Group is currently making a huge investment in the infrastructure and advanced automation technology required for manufacturing next-generation Industry 4.0 dyeing and finishing machines in China. With sales of €399 million in 2018, CHTC Fong’s is currently the world’s largest manufacturer of dyeing and finishing equipment.

CHTC produces some 250-300 stenter frames and between 1,000-1,200 discontinuous dyeing machines every year, including those made by its European companies and brands Monforts, Then, Fong’s, Goller and Xorella, all of whom will contribute their know-how to the new developments in China, said CHTC Fong’s in a press release.

Polymers Petrochemicals Recycling rPET

-A Clearer View of Kortec’s Co-injection Technology

Two decades after it was created and five years since it joined up with Milacron and its Mold-Masters brand, Kortec’s co-injection technology can yet provoke misunderstanding among processors.

“A lot of our customers are still confused,” says Cheryl Sayer, director of engineering at Kortec. “They think it’s two-shot overmolding—sealing off on plastic instead of steel—rather than the skin and the core being injected simultaneously.”

Polymers Petrochemicals Recycling rPET

-Brückner Maschinenbau to show technical innovations at K 2019

New developments in speciality films

Brückner Maschinenbau, a provider of film stretching technology, is working on a means to make films with the highest possible recycling capabilities producible on film stretching lines.

The focus is on mono-material film with superior mechanical and optical properties, which will be able to substitute previous multi-layer films made from different materials.

These are ideal for the use in new, single-origin packaging and guarantee good sortibility in waste separation and optimal recycling. Polymers Petrochemicals Recycling rPET 

Brückner Maschinenbau to show technical innovations at K 2019

-Prada launches Re-Nylon project with Econyl

Reflecting changing times and a shifting world, Prada launches a new project Re-Nylon, introducing a sustainable line of iconic Prada bag silhouettes executed in a unique new regenerated nylon Econyl made by Aquafil.

The product of a partnership between Prada and the textile yarn producer Aquafil, Econyl nylon is obtained through the recycling and purification process of plastic waste. Aquafil brings new purpose to waste materials that would otherwise pollute the world’s landfills and oceans. Polymers Petrochemicals Recycling rPET 

Prada Re-Nylon project with Econyl

-Bio Ammonia Market Higher Growth Rate and Forecast 2018 – 2028

Bio ammonia is anhydrous ammonia that is manufactured sustainably by making use of corn biomass or woody biomass.

As the ammonia industry has been ill-famous for burdening the planet with greenhouse gases by consuming a major chunk of fossil fuels and conventional energy sources, industry players are shifting to manufacturing bio ammonia to mitigate their carbon footprint.

Bio Ammonia

-Europe’s Economic Woes Start to Put a Dent in Swiss Industry

The global trade dispute and travails of Germany’s car industry have begun leaving their mark on Swiss industry, with chemicals-specialist EMS-Chemie Holding AG citing the fallout this week, joining a number of other companies across the region.

The euro area is Switzerland’s top trading partner, and Swiss exports to the southern German state of Baden Wuerttemberg exceed those to China.

The bloc’s economy is in the throes of a slowdown that could yet get worse and Germany is possibly on the verge of a recession.

Europe’s Economic Woes Start to Put a Dent in Swiss Industry

 

Polymers Petrochemicals Bioplastic Graphene 12-07-2019

Polymers Petrochemicals Bioplastic Graphene

China – Polyethylene Terephthalate

PET and its chain are assessed mixed.

Crude oil today  is steady.

Polyamide 6 and its chain are firm.

Acrylonitrile is steady.

PET Bottle grade export 930/975 $/ton PET Bottle grade domestic market 7,600/7,700 yuan/ton PET Filament grade SD domestic market 7,500/7,600 yuan/ton – PET Filament grade BR domestic market 7,550/7,650 yuan/ton

PTA Taiwan 795/805 $/ton PTA domestic market 6,450/6,550 yuan/tonMEG  520/530 $/ton – MEG domestic market 4,200/4,300 yuan/tonPX Korea 865/875 $/ton  Polymers

Polyester POY 150D/48F  domestic market 8,400/8,500  yuan/tonPolyester DTY 150D/48F  domestic market 9,800/9,900  yuan/tonPolyester Staple PSF domestic market 8,300/8,400 yuan/ton

Polymers Petrochemicals Bioplastic Graphene

Crude Oil Prices Trend

Polymers Petrochemicals Bioplastic Graphene

-High Performance Nylon Market 2019: Growth, Share, Trends, And Segmentation Forecast (2019 – 2024)

High Performance Nylon Market 2019-2024 report additionally carries in-depth case studies on the assorted countries that are actively concerned within the High Performance Nylon production. associate analysis of the technical barriers, different problems, value effectiveness affecting the High Performance Nylon Market. determining the opportunities, way forward for the High Performance Nylon and its restraints becomes a lot easier with this report.

High Performance Nylon Market report contains a targeted socio-economic, political, and environmental analysis of the factors affecting the High Performance Nylon industry. The report contains an analysis of the technologies involved in production, application and much additional.

Polymers Petrochemicals Bioplastic Graphene

-Oil prices jump amid falling U.S. crude inventories

Oil prices rallied on Wednesday after newly-released data showed that U.S. crude stockpiles dropped more than expected.

U.S. crude oil inventories decreased during the week ending July 5, the U.S. Energy Information Administration said in a report on Wednesday.

Polymers Petrochemicals Bioplastic Graphene

-Carbon dioxide could be converted into graphene

Carbon dioxide is kind of painted as the villain of the 21st century, and it’s not enough to just reduce our emissions now – we need to remove some of what’s already in the atmosphere. Now, researchers at Karlsruhe Institute of Technology (KIT) have developed a simple way to turn the troublesome gas into a useful resource by converting it into the “wonder” material graphene.  Polymers Petrochemicals Bioplastic Graphene

Polymers Petrochemicals Bioplastic Graphene

-Bio-Polyamide, Specialty Polyamide and Precursors Market Gain Impetus due to the Growing Demand over 2025

Polyamide is among the more dominant of engineering plastics with applications in various end-user industries including automotive, electronics, construction, sports equipment and consumer goods.

Polyamide, also known as nylon occurs in nature in form of silk and wool and can be produced artificially through polymerization.

Polyamide-66 and polyamide-6 are among the most dominant artificially made polyamide employed mainly in the production of fibers.

Polyamides such as polyamide-11, polyamide-12 are employed primarily as engineering plastics.

Bio-Polyamide, Specialty Polyamide

-Oil jumps above $60 ahead of storm in Gulf of Mexico

US oil has surged above $60 a barrel amid concerns that Tropical Storm Barry could derail crude production in the Gulf of Mexico.

US oil futures for August delivery settled 4.5% higher at $60.43 on Wednesday, according to data from CME. That’s a seven-week high and the first time futures have edged above $60 since May 22, according to Refinitiv.

Prices moved even higher on Thursday after US officials said that five armed Iranian boats had unsuccessfully tried to seize a British oil tanker in the Persian Gulf.

Oil jumps above $60 ahead of storm in Gulf of Mexico

-BASF profit warning signals major chemicals slowdown in second half

BASF’s profit warning signals a major slowdown for the petrochemicals sector globally into the second half of the year.

On 9 July, the German chemical major warned that second-quarter earnings before interest and tax (EBIT) before special items would plunge by 47% after significantly weaker-than-expected industrial production negatively impacted volumes and margin development. Polymers Petrochemicals Bioplastic Graphene

BASF profit warning signals major chemicals slowdown in second half

-What Will Happen To Crude Oil If The Dollar Falls

Analysts have been publicly claiming that a dropin the value of the U.S. dollar is coming. Of course, this has implications for international trade, manufacturing, travel and the purchasing power of Americans.

It also has a direct impact on the price of crude oil. If the value of the U.S. dollar drops, the price of both Brent and WTI crude oil will rise.

Oil is almost always sold in U.S. dollars. Both Brent and Crude—the two main oil benchmarks—are traded in U.S. dollars.

When the value of the dollar drops, the price of crude must rise to have the same worth on the market. Similarly, when the dollar value rises, the price of crude should correspondingly drop.

BASF profit warning signals major chemicals slowdown in second half

-BASF Presenting Colors & Effects Pigments at K 2019

BASF will present innovation highlights from its range of Colors & Effects pigments for plastic applications at the K trade fair (booth C41, Hall 5) in Dusseldorf, Germany (Oct.16-23).

The new product launches include two new Lumina Royal effect pigments, Microlen Piano Black, and a black and red addition to the Sicopal product line, which are especially recommended for recycling materials and demanding applications.

Featuring these latest innovations as well as other key pigment chemistries, BASF’s Colors and Effects brand will reveal a customized Color Collection created by Pantone.

Comprised of three palettes with seven colors each, the collection will highlight current consumer trends and address how pigments can meet the plastic industry’s versatile colorant requirements with safe, reliable and brilliant performance.

BASF Presenting Colors & Effects Pigments at K 2019

-Opec cuts can’t prevent 2020 surplus due to US shale oil

Supplies from outside Opec will soar by 2.4-million bpd, with new shale-oil pipelines in the US meaning Opec+ may have to trim output further

A week after oil cartel Opec agreed to keep oil production restrained until early next year, the group’s first forecasts for 2020 showed it faces an even longer and tougher challenge.

Opec, which pumps 40% of the world’s oil, estimated that it is producing about 560,000 barrels per day (bpd) more than will be needed next year as the ongoing surge in US shale threatens to deliver another surplus.

Opec cuts can’t prevent 2020 surplus due to US shale oil

-Invista announces startup of Sichuan shengda’s purified terephthalic acid plant

The technology and licensing group of Invista (Wichita, Kan.; www.invista.com), INVISTA Performance Technologies (IPT), Sichuan Shengda Chemical New Material Co. and Sichuan Energy Investment Chemical New Material Co., Ltd (Sichuan Energy) announced the successful startup of Sichuan Shengda’s purified terephthalic acid (PTA) plant. On-Specification production was achieved on May 24, 2019.

Invista announces startup of Sichuan shengda’s purified terephthalic acid plant

-Kivanç Tekstil Ties Up With Reliance to Make Eco-friendly Fabrics

Reliance Industries Ltd (RIL), India’s largest private sector company and the world’s biggest integrated polyester producer, has joined hands with Turkey’s textile behemoth, Kivanç Tekstil, to manufacture and market R|Elan™ GreenGold, a sustainable and innovative fabric 2.0, to leading apparel brands and consumers across the world.

Apart from manufacturing and marketing R|Elan™ GreenGold fabrics, Kivanç will be the exclusive distributor of Recron® GreenGold fibres to spinners, yarn manufactures and knitters across Turkey and it will offer the best quality eco-friendly textile solutions to brands and retailers to meet the ever growing demand of environment friendly apparels.

Kivanç Tekstil Ties Up With Reliance to Make Eco-friendly Fabrics

-Accelerating exports of garment & textile products to the EU market

The recent signing of the Vietnam-European Union (EU) Free Trade Agreement (EVFTA) is expected to open up numerous chances for Vietnam’s garment & textile businesses to boost exports and expand markets.

However, in order to fully tap into the opportunities, enterprises are required to further invest in purchasing modern equipment and improve administration work and quality of products, aiming to enhance their competitiveness.Polymers Petrochemicals Bioplastic Graphene

Accelerating exports of garment & textile products to the EU market

-European Commission cuts eurozone 2020 growth forecast on slow H2

Economic growth prospects for the eurozone have dimmed slightly next year, the European Commission said on Wednesday , on the back of more moderate expectations for the second half of 2019.

The Commission reduced its eurozone 2020 GDP growth forecast to 1.4%, a 0.1 percentage point drop from its previous outlook for 19-country currency union, on the back of projections of slower growth from spring onwards.

Central and eastern European growth was offset by weakness in Germany and Italy, the EU’s executive body said.

Eurozone growth projections for this year were left unchanged at 1.2%.

European Commission cuts eurozone 2020 growth forecast on slow H2

-Piave Maitex presents smart performance in New York

Piave Maitex, recognised as a preferred partner for the textiles industry, will present Again, the company’s advanced line of sustainable and responsible innovation at the upcoming Functional Fabric Fair, which takes place from 22-23 July in New York.

During the Functional Fabric Fair, the trade-exclusive event where the latest trends in fabric development for the functional textiles industry are showcased, Piave Maitex presents Again a smart and technically advanced line, that balances performances, functionality and sustainable features, formed of highly performing jerseys.

Polymers Petrochemicals Bioplastic Graphene

-New Technology for H2S Removal in Crude Oil

Non-amine, Non-glyoxal, Non-aldehyde H2S Scavenger

Q2 Technologies, the developer of triazine based Scavengers, has now brought to market an innovative H2S Scavenger for crude oil applications. Refineries, production streams and crude oil terminals can eliminate fouling from triazine based Scavengers when treating oil with Pro3® while maintaining similar costs.

H2S Scavengers for crude oil applications

H2S Scavengers for crude oil applications

Q2 Technologies, the developer of triazine based Scavengers

Q2 Technologies, the developer of triazine based Scavengers

The Pro3® series is the next generation of scavengers replacing MEA-triazine in liquid hydrocarbon streams. Field tests show reduction in chemical treatment cost, logistics and fouling-corrosion problems in splitters and refining units. Pro3® will react with the H2S molecules and turns them into aqueous non-toxic sulphate salt. The heavier sulphate salt molecule will drop into produced water stream. The chemical reaction is fast and irreversible. Polymers Petrochemicals Bioplastic Graphene

New Technology for H2S Removal in Crude Oil

AdvanSix Honeywell polyamide film

AdvanSix Honeywell polyamide films

AdvanSix plans to close PA film factory in the USA

AdvanSix Honeywell polyamide film

MOSCOW – The American company AdvanSix, a division of Honeywell, a corporation engaged in the production of resins and chemical products, intends to close the plant for the production of polyamide films in Pottsville (Pottsville , Pennsylvania, USA) in the third quarter, the manufacturer said. AdvanSix Honeywell polyamide film

At the same time, the company announced a strategic alliance with the Oben Group, a manufacturer of films for the production of flexible packaging. These measures will allow AdvanSix to “increase productivity in this industry,” added Erin Kane, CEO.

Earlier it was reported that AdvanSix still did not remove force majeure for the supply of phenol from the plant in Frankford (Frankford, Pennsylvania). The company in early March of this year was forced to announce force majeure on the supply of these products because of problems with the supply of raw cumene. Then problems with the supply of cumene were caused by weather conditions on the coast of the Gulf of Mexico and restrictions on suppliers in the previous few weeks before the announcement of force majeure. AdvanSix Honeywell polyamide film

The plant’s capacity is 1.1 billion pounds of phenol per year (about 500 thousand tons per year) and 608 million pounds of acetone per year (308.4 thousand tons per year). This plant is the third largest producer of phenol and acetone in North America. AdvanSix uses cumene derived from benzene and propylene to produce phenol and acetone.

Phenol is the main raw material component for the production of bisphenol A (BPA), which, in turn, is used to produce polycarbonate (PC).

According to Scan Report Company Market Report, the total estimated PC consumption in Russia in January-May 2019 was 33.8 thousand tons, which is 20% less than in the same period of 2018 (28.2 thousand tons).

Honeywell International, Inc. – a large American corporation, known for its developments in the field of aerospace equipment, technologies for the operation of buildings and industrial structures, automotive equipment, turbo-compressors and specialized goods. The corporate headquarters is located in Morristown (New Jersey, USA).

mrcplast.ru

Polyolefins Petrochemical Polymers Prices

Polyolefins Petrochemical Polymers Prices

Polyolefins Petrochemical Polymers Prices

Polyestertime Polymers Petrochemical Polyester Prices

ITEM08/07/201915/07/2019+/-
Bottle grade PET chips domestic market7,750 yuan/ton7,550 yuan/ton-200
Bottle grade PET chips export market995 $/ton975 $/ton-20
Filament grade Semidull chips domestic market7,800 yuan/ton7,450 yuan/ton-350
Filament grade Bright chips domestic market7,850 yuan/ton7,575 yuan/ton-275
Pure Terephthalic Acid PTA domestic market6,475 yuan/ton6,360 yuan/ton-115
Pure Terephthalic Acid PTA export market810 $/ton 800 $/ton-10
Monoethyleneglycol MEG domestic market4,390 yuan/ton4,275 yuan/ton-115
Monoethyleneglycol MEG export market542 $/ton528 $/ton-14
Paraxylene PX FOB  Taiwan market837 $/ton880 $/ton+43
Paraxylene PX FOB  Korea market818 $/ton861 $/ton+43
Paraxylene PX FOB EU market735 $/ton776 $/ton+41
Polyester filament POY 150D/48F domestic market8,675 yuan/ton8,370 yuan/ton
-305
Recycled Polyester filament POY  domestic market7,950 yuan/ton7,750 yuan/ton-200
Polyester filament DTY 150D/48 F domestic market10,050 yuan/ton9,800 yuan/ton-250
Polyester filament FDY 68D24F domestic market 9,600 yuan/ton9,350 yuan/ton-250
Polyester filament FDY 150D/96F domestic market9,000 yuan/ton8,770 yuan/ton-230
Polyester staple fiber 1.4D 38mm domestic market8,555 yuan/ton8,230 yuan/ton-325
Caprolactam CPL domestic market12,500 yuan/ton12,550 yuan/ton
+50
Caprolactam CPL overseas  market1,470 $/ton1,480 $/ton+10
Nylon6 chips overseas  market1,750 $/ton1,750 $/ton
Nylon6 chips conventional spinning domestic  market13,700 yuan/ton13,600 yuan/ton-100
Nylon6 chips  high speed spinning domestic  market13,350 yuan/ton13,550 yuan/ton+200
Nylon 6.6 chips domestic  market25,500 yuan/ton25,000 yuan/ton-500
Nylon6 Filament POY 86D/24F domestic  market15,800 yuan/ton16,000 yuan/ton+200
Nylon6 Filament DTY 70D/24F domestic  market18,250 yuan/ton18,350 yuan/ton+100
Nylon6 Filament FDY  70D/24F  domestic  market16,650 yuan/ton16,850 yuan/ton+200
Spandex 20D  domestic  market37,000 yuan/ton36,500 yuan/ton-500
Spandex 30D  domestic  market36,000 yuan/ton35,500 yuan/ton-500
Spandex 40D  domestic  market30,000 yuan/ton30,000 yuan/ton
Adipic Acid domestic market8,000 yuan/ton8,150 yuan/ton+150
Benzene domestic market5,225 yuan/ton5,420 yuan/ton-195
Benzene overseas  market660 $/ton705 $/ton +45
Ethylene South East market700 $/ton710 $/ton+10
Ethylene NWE  market954 $/ton960 $/ton+6
Acrylonitrile ACN  domestic market11,100 yuan/ton11,000 yuan/ton-100
Acrylonitrile ACN  overseas market1,650 $/ton1,600 $/ton-50
Acrylic staple fiber ASF  domestic market15,700 yuan/ton15,700 yuan/ton
Viscose Staple Fiber VSF  domestic market11,750 yuan/ton11,750 yuan/ton
PP Powder domestic market8,825 yuan/ton8,775 yuan/ton-50
Naphtha overseas market  507 $/ton538 $/ton
+31
Phenol domestic market 8,000 yuan/ton7,700 yuan/ton-300
PS Taiwan 5250 GPPS1,205 $/ton1,200 $/ton-5
PS Taiwan 8250 HIPS1,325 $/ton1,320 $/ton-5
LDPE CFR Far East 993 $/ton1,002 $/ton+9
LLDPE CFR Far East952 $/ton952 $/ton
LDPE   FOB Middle East980 $/ton989 $/ton+9
LLDPE FOB Middle East939 $/ton939 $/ton9
HDPE CFR Far East999 $/ton1,009 $/ton+10
LDPE FD Northwest Europe 1,033 €/ton1,003 €/ton-30
LLDPE FD Northwest Europe 1,033 €/ton983 €/ton-10

Polyolefins Petrochemical Polymers Prices Polyolefins Petrochemical Polymers PricesPolyolefins Petrochemical Polymers PricesPolyolefins Petrochemical Polymers Prices

 

Borouge construction black polyethylene

Borouge construction black polyethylene

Borouge will complete the construction of a new black PE production in 2020 

Borouge construction black polyethylene

MOSCOW  – Borouge, a joint venture between Borealis and the Abu Dhabi National Oil company, plans to complete the construction of a new black polyethylene (PE) pipe plant in Ruwais, UAE in 2020, ICIS reports citing source in the company.

The new plant corresponds to the company’s goal – to double its production capacity of the material by 2030, the company said.

Details about the capacity of the plant and investment in the project were not disclosed.

“The company’s decision to expand the production capacity of black polyethylene should be shortly after the China Water Standards Committee revised its standards for polyethylene water pipes to promote the use of pre-composite materials for pipelines for better quality assurance,” says Borouge. Borouge construction black polyethylene

Borouge is proceeding with the next stage of the expansion of its Ruwais petrochemical complex, which will have a cracking unit with a capacity of 1.8 million tons of ethylene per year.

The new cracking unit, the fourth in the company, will use such raw materials as ethane, butane and naphtha, and will have an overall productivity of olefins and aromatics of 3.3 million tons per year. Borouge construction black polyethylene

According to Scan Report Company Market Report, the estimated consumption of PE in Russia amounted to 889.54 thousand tons in the first five months of the current year, which is 6% more than a year earlier.  Deliveries of all types of polyethylene increased.

Borouge is a joint venture between Abu Dhabi National Oil Co (ADNOC) and the global petrochemical giant Borealis.  Austrian oil and gas group OMV has a 36% stake in this project.  European producers use naphtha as a raw material, while Borouge 3 will use cheaper ethane derived from gas. Borouge construction black polyethylene

mrcplast.ru

Author:   Anna Larionova

Polymers Petrochemicals Bioplastic Automotive 11-07-2019

Polymers Petrochemicals Bioplastic Automotive

China – Polyethylene Terephthalate

PET and its chain are in upward trend, with MEG’s exception.

Crude oil today  continues to be strong.

Polyamide 6 and its chain are firm.

Acrylonitrile is steady.

PET Bottle grade export 940/980 $/ton PET Bottle grade domestic market 7,650/7,750 yuan/ton PET Filament grade SD domestic market 7,550/7,650 yuan/ton – PET Filament grade BR domestic market 7,600/7,700 yuan/ton

PTA Taiwan 795/805 $/ton PTA domestic market 6,550/6,650 yuan/tonMEG  520/530 $/ton – MEG domestic market 4,200/4,350 yuan/tonPX Korea 855/870 $/ton  Polymers

Polyester POY 150D/48F  domestic market 8,400/8,500  yuan/tonPolyester DTY 150D/48F  domestic market 9,800/9,900  yuan/tonPolyester Staple PSF domestic market 8,350/8,450 yuan/ton

Polymers Petrochemicals Bioplastic Automotive

Crude Oil Prices Trend

Polymers Petrochemicals Bioplastic Automotive

-LyondellBasell and Neste declare Commercial-scale Production of Bio-based Plastic from Renewables

LyondellBasell, one of the largest plastics, chemicals and refining companies in the world, and Neste, the world’s largest producer of renewable diesel from waste and residues, announced the first parallel production of bio-based polypropylene and bio-based low-density polyethylene at a commercial scale.

The joint project used Neste’s renewable hydrocarbons derived from sustainable bio-based raw materials, such as waste and residue oils. The project successfully produced several thousand tonnes of bio-based plastics which are approved for the production of food packaging and being marketed under Circulen and Circulen Plus, the new family of LyondellBasell circular economy product brands. Polymers Petrochemicals Bioplastic Automotive

Polymers Petrochemicals Bioplastic Automotive

-Asian petrochemical market expected to be mixed this week

The Asian petrochemical market is expected to be mixed this week, as per SPGlobal Platts.  While benzene is expected to see continued support from firm buying interest and a strong China market, paraxylene hinges on downstream purified terephthalic acid amid a volatile September PTA futures last week and polyethylene terephthalate/polyester operation cuts. In olefins, market participants will be monitoring supply conditions closely.

Asian paraxylene prices were assessed down US$0.67/mt from Thursday at US$837/mt CFR Taiwan/China and US$818/mt FOB Korea Friday. Week on week, the CFR Taiwan/China marker was assessed down US$1/mt.

Polymers Petrochemicals Bioplastic Automotive

-RadiciGroup: the 2018 record year; 2019 more difficult

( Italian Language Only)

Polymers Petrochemicals Bioplastic Automotive

 

 

 

 

 

 

 

 

 

 

 

 

 

Angelo Radici: “The global scenario in which companies operate today is influenced by the uncertainties linked to the question of China-US duties and geopolitical instability. For us the contraction of the automotive market also weighs heavily”
Consolidated turnover of 1,211 million euros (+ 6%), amounting to 185 million (+ 16%) and net income for the year after amortization and depreciation of 97 million (+ 19%): these are the main figures for 2018 for RadiciGroup that operates with 3100 employees in 16 countries in the chemical, technopolymer and synthetic fiber businesses.

 

Polymers Petrochemicals Bioplastic Automotive

“It was an exceptional year – declared RadiciGroup president Angelo Radici – that made us close 2018 with record numbers. Although in the last part of the year we felt the first slowdowns that are prolonging in 2019.

In any case I think I can say that we will be able to have a half-year report with stable margins despite the contraction in volumes. As for the second part of the current year, it will be a bit more difficult but still with a view to positive results, although certainly lower than 2018.

The global scenario in which companies operate today is influenced by the uncertainties linked to the issue of China-US duties and geopolitical instability.

The contraction of the automotive market to which we are trying to cope with great efforts in terms of research and innovation aimed at expanding the product portfolio also with materials with reduced environmental impact and creating new market opportunities increasingly attentive to the sustainability of companies “.

-Petit Bateau launches “superknit” to protect babies

Petit Bateau has introduced a superknit fabric that puts babies in airplane mode by blocking an average of 99.5 percent of WiFi and smartphone radio frequency waves.

The wave blocking collection features a cap and blanket and combines the brand’s finest cotton yarn with a silver-coated yarn in a double-faced jersey that has been designed to wrap babies in a protective bubble away from what it calls the “ultra-connected world, where WiFi and smartphones are everywhere, from our homes to the streets”.

Polymers Petrochemicals Bioplastic Automotive

-End-of-Life Vehicle Project Proves Viable Market for Recycled Plastics From Automobiles

The results of the final two phases of the End-of-Life Vehicle (ELV) Recycling Demonstration Project were released by the Plastics Industry Association (PLASTICS) on Wednesday, May 29.

Phases II and III of the ELV Project demonstrated that recovering valuable thermoplastic polyolefin (TPO) from ELV bumpers is feasible.

Launched in 2015, the ELV Project was designed to study the viability of collecting and recycling plastic car parts, including car bumpers, to eventually be broken down and used as materials to make new products. Polymers Petrochemicals Bioplastic Automotive

Polymers Petrochemicals Bioplastic Automotive

-Growing Demand for Purified Terephthalic Acid (PTA) to Significantly Increase Revenues Through 2015-2025

Purified terephthalic acid (PTA) is produced by chemical synthesis of crude oil. Majority of the purified terephthalic acid (PTA) is utilized in production of polyester resin which is used in the manufacture of polyester film, polyethylene terephthalate (PET) resin, and polyester fiber.

The remaining percent of the purified terephthalic acid (PTA) is employed in manufacture of liquid crystal polymers, terephthaloyl chloride, cyclohexanedimethanol, plasticizers, and copolyester-ether elastomers.

Polymers Petrochemicals Bioplastic Automotive

-Can Bioplastics Replace Plastics?

Bioplastics are are made out of natural materials, and are easily degradable. Thus, they cause little harm to the environment. The conventional plastics are products of chemicals from fossil fuels which are energy intense and green house emission. This creates a need to alternative plastics.

How does BioPlastics Function and Benefit?

Bioplastics are not new in the market; they already exist either wholly or partially. They are called bioplastics because they are made from natural materials. Several bioplastics can biodegrade; however they need industrial composting settings to do so.

Bioplastics vs Plastic

-New analysis reveals achieving U.S. recycled plastics goals by 2030 could cost £2.4bn

According to new analysis by Wood Mackenzie Chemicals, up to $3 billion (approximately £2.4 billion) in additional capital investment would be required to achieve current U.S. recycled plastics content goals by 2030.

Wood Mackenzie Chemicals says the U.S. recycling rate of PET bottles has historically been sluggish, with little-to-no apparent growth. In 2017, the U.S. recycling rate sat at 29.2 per cent according to NAPCOR, while the global average was estimated at just under 56 per cent. Polymers Petrochemicals Bioplastic Automotive

recycled plastics Napcor

-RADICI tightens a partnership with AQUAFIL for the Marine market

( Italian Language Only)

Aquafil S.p.A. today formalized a commercial partnership with Radici Pietro Industries & Brands S.p.A. aimed at strengthening the presence of the two Groups within the Marine market, through a joint offer in the name of environmental sustainability.
Aquafil S.p.A. – listed on the Star segment of the Italian Stock Exchange – it is one of the leading nylon producers in the world and through the ECONYL® regeneration system is introducing the principles of the circular economy in the textile and clothing flooring markets.

RADICI tightens a partnership with AQUAFIL for the Marine market

Polymers Petrochemicals Bioplastic rPET 10-07-2019

Polymers Petrochemicals Bioplastic rPET

China – Polyethylene Terephthalate

PET and its chain are in downward trend, with PX’s exception.

Crude oil today  is strong.

Polyamide 6 and its chain are steady .

Acrylonitrile is weak.

PET Bottle grade export 940/980 $/ton PET Bottle grade domestic market 7,600/7,700 yuan/ton PET Filament grade SD domestic market 7,450/7,550 yuan/ton – PET Filament grade BR domestic market 7,500/7,600 yuan/ton

PTA Taiwan 795/805 $/ton PTA domestic market 6,400/6,500 yuan/tonMEG  520/530 $/ton – MEG domestic market 4,200/4,350 yuan/tonPX Korea 835/850 $/ton  Polymers

Polyester POY 150D/48F  domestic market 8,350/8,450  yuan/tonPolyester DTY 150D/48F  domestic market 9,800/9,900  yuan/tonPolyester Staple PSF domestic market 8,350/8,450 yuan/ton

Polymers Petrochemicals Bioplastic rPET

Crude Oil Prices Trend

Polymers Petrochemicals Bioplastic rPET

-Industry looks ahead to October at K2019 Preview

The plastics industry and media descended on Düsseldorf for the K2019 Preview, the final event before the show itself in October.

The Preview saw over 75 journalists from across the world and representatives from over 15 companies attend the Preview at Messe Düsseldorf, with sustainability and circular economy high on the agenda. Polymers Petrochemicals Bioplastic rPET 

Polymers Petrochemicals Bioplastic rPET

-Monoethylene Glycol (MEG) Market Advanced Technologies and Innovations 2023

A sweet syrupy liquid, which is colorless, odorless in its purest form is known as Monoethylene glycol (MEG). Mono-ethylene Glycol (MEG) is find its usage in chemical intermediates for humectants, chemical intermediates, freezing point depression, solvents, resins, and solvent couplers.

These applications are considered crucial in the manufacturing of a wide variety of products, such as coolants and automotive antifreeze, deicing fluids, asphalt emulsions and latex paints, heat transfer fluids, resins, leather and paper, electrolytic capacitors, textile fibers, and water-based adhesives.

Polymers Petrochemicals Bioplastic rPET

-U.S. Producers of Polyethylene Terephthalate (PET) Sheet File Trade Petitions Against Oman, South Korea, and Mexico

Today, three major U.S. plastics extruders – Advanced Extrusion Inc., Ex-Tech Plastics, Inc., and Multi-Plastics Extrusions, Inc. – filed a petition alleging that imports of polyethylene terephthalate (PET) sheet from Oman, Korea, and Mexico are being sold at less than fair value in the United States and causing material injury to the domestic industry.  The petitioning domestic producers asked the U.S. government to investigate the dumping and injury, and to impose antidumping duties on the imports of PET sheet from the subject countries.

The petition alleges that producers in each of the three countries are dumping PET sheet in the U.S. market at sizeable margins:

Polymers Petrochemicals Bioplastic rPET

-K 2019 – New products from plastic waste

ChemCycling project focuses on recycling plastic waste in chemical production rather than disposing of it.

Plastic waste is converted into new raw materials by thermo-chemical processes and fed into the BASF Verbund in place of fossil resources.

The resulting new chemical products have the same quality as products from fossil raw materials.

More and more companies from the plastics industry are working on improving the recyclability of plastics and thus helping to create a circular economy. One way that BASF is contributing is the ChemCycling project.

Polymers Petrochemicals Bioplastic rPET

-Sidel joins Ellen MacArthur Foundation Circular Economy commitment

Sidel has joined the New Plastics Economy Global Commitment by the Ellen MacArthur Foundation and UN Environment to address plastic waste and pollution.

The New Plastics Economy Global Commitment includes taking action to eliminate problematic or unnecessary plastic packaging through redesign, innovation and new delivery models and embracing reuse models with the aim of 100% of all plastic packaging to be reusable, recyclable, or compostable. Polymers Petrochemicals Bioplastic rPET 

Polymers Petrochemicals Bioplastic rPET

-BASF, Borealis, Südpack, and Zott present prototypes of food packaging made from 100 per cent recycled material

BASF, Borealis, Südpack, and Zott have come together on a pilot project that has seen multilayer food packaging made from 100 per cent recycled materials.

The project was made possible thanks to the collaboration, with BASF supplying chemically recycled polyamide, and Borealis providing sustainably produced polyethylene, with Südpack using these materials to produce multilayer film for a specially sealed packaging for Zott Gourmet Dairy.

Polymers Petrochemicals Bioplastic rPET

-Syngas is the key to packaging sustainability

University of Florida professor Bruce Welt, Ph.D., shares the main takeaways from the first meeting of the Industry Consortium for Advanced Recycling, which took place June 12-13.

Welt_1.pngWelt_2.pngIf syngas is the key to packaging sustainability, why haven’t you heard of it? Why isn’t syngas part of your company’s sustainability strategy? Syngas may offer the closest thing to the perfect path for robust, truly circular, chemical recycling.

What is syngas? Syngas is primarily a mixture of carbon monoxide and hydrogen, the reactive building blocks of virtually all plastic packaging materials.

Polymers Petrochemicals Bioplastic rPET

-Is oil price cartel Opec on the verge of collapse?

“Opec might die,” admitted Iranian oil minister Bijan Zanganeh to a pack of reporters at the crude cartel’s meeting in Vienna last week. “It has lost its authority and it is on the verge of collapse.”

The oil price barely flinched after the 14-nation group announced a nine-month extension to production cuts propping up prices.

Opec’s market-moving power appears to be waning and forecasters expect its share of global production to sink to its lowest level in almost three decades.

Polymers Petrochemicals Bioplastic rPET

-Arkema to further extend its presence in the Kingdom of Saudi Arabia with the acquisition of ArrMaz

On July 1st 2019, Arkema completed the acquisition of ArrMaz, a global leader in specialty surfactants for crop nutrition, mining and infrastructure markets with a strong presence in Saudi Arabia. Thanks to this acquisition, Arkema will support the development of its customers in the region with top quality technical and logistics services.

ArrMaz offers tailored and sustainable solutions for the specific and ever-changing needs of its customers in a variety of industrial markets. In Kingdom of Saudi Arabia, ArrMaz offers a wide range of additives in the mining market to help optimize grade recovery and process performance in mining operations.

Polymers Petrochemicals Bioplastic rPET

-Upstream PP inventories at their lowest point in 15 years

Trading activity did not set off any fireworks, perhaps, but the spot resin markets began July moderately busy.

A nice flow of processor buy orders came in through mid-week, reflecting some seemingly pent-up demand at the start of the third quarter, reports the PlasticsExchange (Chicago) in its Market Update.

Upstream PP inventories at their lowest point in 15 years

-Pretium Packaging invests in new hot-fill capable PET blow molding equipment for Alabama plant

The equipment is capable of producing both cold- and hot-fill PET containers

Pretium Packaging, a leading North American manufacturer of plastic containers and closures, has made a $2 million dollar investment in new reheat stretch polyethylene terephthalate (PET) blow molding equipment and infrastructure for its Troy, Alabama manufacturing plant.

Polymers Petrochemicals Bioplastic rPET

Niagara Bottling graphene packaging

XG Sciences partners with Niagara Bottling to advance graphene PET innovations in food & beverage packaging Niagara Bottling graphene packaging

Source :

Graphene  and Pet bottle

Niagara Bottling  graphene PET XG Sciences (XGS) recently announced that it has entered into an Intellectual Property License, Joint Development and Commercialization Agreement with Niagara Bottling, a market leader in beverage packaging innovation and one of the largest beverage companies in the U.S.

The agreement provides XG Sciences with an exclusive license to Niagara’s patents and proprietary know-how related to the use of graphene nanoplatelets in PET in certain bottle applications. Under the agreement, Niagara will assist XGS with field engineering support to install products into the manufacturing lines for new customers – greatly reducing the manufacturer’s time to market. Niagara Bottling graphene packaging

This agreement gives XGS access to a considerable IP portfolio relating to optimized dispersions of graphene nanoplatelets in PET and allows XGS to sell its proprietary XGPET masterbatch pellets to global packaging companies within the next 6 to 12 months.

The partnership is hoped to bring many advancements to the beverage bottle and packaging industry. When used in packaging production the advanced material, sold under the brand XGPET, reportedly demonstrates improved physical strength, advanced product designs, processing benefits as well as potential reductions in the use of PET for given bottle designs.

“For years we have used our expertise to innovate for Niagara Bottling’s customers. In this partnership with XG Sciences we are now advancing those innovations to the broader packaging industry,” said Jay Hanan, Ph.D., Chief Scientist, Niagara Bottling. “We are excited to further enable our industry to utilize graphene to create more efficiently produced and user-friendly packaging.”Niagara Bottling graphene packaging

Polymers Petrochemicals Graphene Economy

Polymers Petrochemicals Crude PET 09-07-2019

 

China – Polyethylene Terephthalate

PET and its chain are in downward trend, with PX’s exception.

Crude oil  contiues to be on roller coasters.

Polyamide 6 and its chain are steady .

Acrylonitrile is weak.

PET Bottle grade export 940/980 $/ton PET Bottle grade domestic market 7,650/7,750 yuan/ton PET Filament grade SD domestic market 7,650/7,750 yuan/ton – PET Filament grade BR domestic market 7,700/7,800 yuan/ton

PTA Taiwan 795/805 $/ton PTA domestic market 6,450/6,550 yuan/tonMEG  520/530 $/ton – MEG domestic market 4,200/4,350 yuan/tonPX Korea 825/840 $/ton  Polymers

Polyester POY 150D/48F  domestic market 8,450/8,550  yuan/tonPolyester DTY 150D/48F  domestic market 9,850/9,950  yuan/tonPolyester Staple PSF domestic market 8,400/8,500 yuan/ton

Polymers Petrochemicals Crude PET

-XG Sciences partners with Niagara Bottling to advance graphene PET innovations in food & beverage packaging

XG Sciences (XGS) recently announced that it has entered into an Intellectual Property License, Joint Development and Commercialization Agreement with Niagara Bottling, a market leader in beverage packaging innovation and one of the largest beverage companies in the U.S.

The agreement provides XG Sciences with an exclusive license to Niagara’s patents and proprietary know-how related to the use of graphene nanoplatelets in PET in certain bottle applications. Under the agreement, Niagara will assist XGS with field engineering support to install products into the manufacturing lines for new customers – greatly reducing the manufacturer’s time to market.

Polymers Petrochemicals

-Circular Economy: Hot Topic at K 2019 Preserving value – saving resources!

Plastic products have become an integral part of almost every area of life.

For good reason. Plastic packaging extends the shelf life of food, plastic parts in cars reduces their weight and CO2 emissions.

In medicine, plastics ensure maximum hygiene standards and make medical products safe.

Despite its many advantages, this important raw material has come into disrepute for some time now – because of the plastic waste that pollutes entire regions and floats in huge carpets on the world’s oceans.

But this problem can be solved. As the concept of “circular economy” plays a central role in this, it has become a hot topic at K 2019, the world´s flagship fair for plastics and rubber, which will be hosted from 16 to 23 October 2019 in Düsseldorf/Germany.

ircular Economy: Hot Topic at K 2019 Preserving value – saving resources!

Crude Oil Prices Trend

Polymers Petrochemicals Crude PET

-Armenian water bottler adds new PET and glass lines

Increased demand for its bottled water compels Jermuk Group CJSC to add two new lines, one for glass and one for PET, running at 25,000 and 20,000 bottles/hr, respectively.

The PET line includes a stretch blow molder and a PET filler operating at 20,000 bottles/hr.

Jermuk offers water in PET bottles in 330- and 500-mL and 1- and 1.5-L sizes.

The PET line includes a stretch blow molder and a PET filler operating at 20,000 bottles/hr.

Two new KHS Innoket Neo labelers addressed the issues Jermuk had with the labeling equipment it initially chose. Polymers Petrochemicals Crude PET

Water is packaged in glass bottles in 330- and 500-mL sizes.

Polymers Petrochemicals

-LANXESS expands technical customer services

Specialty chemicals company LANXESS has added to its technical services for pigment customers, with its Inorganic Pigments (IPG) business unit expanding the technical centre at its biggest site in Krefeld-Uerdingen, Germany.

Polymers Petrochemicals Crude PET

-Online-paintable Fuel Filler Flap Made from PBT

Customised compounds based on polybutylene terephthalate (PBT) can be an alternative to thermoplastics.

Particularly in the production of fuel filler flaps, this can be seen in the new Skoda Scala for example, whose fuel filler flap is made from Pocan B5221XF. The PBT compound was given preference over a blend of polyphenylene ether and polyamide (PPE+PA). “Our material is less expensive and exhibits comparable performance when it comes to surface quality, paintability and mechanical properties. In addition, it is suitable for electrostatic painting.  Polymers Petrochemicals Crude PET

Polymers Petrochemicals Crude PET

-China PP market to outperform PE in H2 despite more new capacities

China’s polypropylene (PP) market is set to be weighed by a high number of plant start-ups in the second half of this year.

The number of new PP plants starting up is 70% more than the number of PE start-ups in the latter half of 2019.

Sacks of rice at a port in Jakarta, Indonesia. PP flat yarn is used to make sacks. (Photo by Adi Weda/EPA/Shutterstock)

The price gap between China’s PP and PE markets will likely become narrower because of these new capacities, but it will be capped by the increase in PE imports.

Polymers Petrochemicals Crude PET

-Avantium commercialising PEF production

CHEMICALS company Avantium is commercialising production of polyethylene furanoate (PEF), a 100% renewable and fully recyclable polymer.

PEF is a polyester based on bio-based 2,5-furandicarboxylic acid (FDCA) and monoethylene glycol (MEG). FDCA is used as a replacement for terephthalic acid, a petroleum-based monomer which is primarily used to produce polyethylene terephthalate (PET). The bioplastic PEF is suitable for bottles, fibres, and multiple film types. Polymerisation to produce PEF has been successfully initiated at pilot plant scale.

Polymers Petrochemicals Crude

-‘3,000 tons of plastic waste is produced daily in Iran’

The use of plastic is on the rise among Iranians, as over 3,000 tons of plastic waste is generated per day in the country, the director of environment and sustainable development department of Tehran Municipality has said.

“The amount reaches 1 million tons in a year,” Fars news agency quoted Sadr-o-din Alipour as saying on Monday. Polymers Petrochemicals Crude PET

The consumption of plastics and its environmental consequences has become a global issue, hence the European Union, considering growing plastic pollution, has proposed a ban on the use of disposable plastics by 2025, he explained.

Polymers Petrochemicals Crude PET

-Is glass the answer to increased opposition to plastic?

Glassman Europe in Lyon this September aims to help manufacturers debate how the glass industry can increase the reduced reliance on single-use plastic.

Glass is unique in its ability to be 100% recyclable. As the war on plastic wages on, Glassman Europe will address how the glass industry can innovate and overcome barriers to switching to container glass as an alternative to the thousands of tons of plastic created every day.

Polymers Petrochemicals Crude PET

-What’s new in PHA bioplastics: An update with Cambridge Associates

Nearly all articles found at PlasticsToday center on a fresh news of some sort, whether it’s business, technology or something else.

This time, a story lead was generated by an atypical source: our readership, who collectively continued showing high interest on a monthly basis for one particular feature from April 2018, PHA bioplastics a ‘tunable’ solution for convenience food packaging.

Polymers Petrochemicals Crude PET

-Clariant Masterbatches initiative aims to make plastics packaging more sustainable

Clariant’s Packaging Market Segment within the Masterbatches Business Unit is working to help brand owners and packaging producers realise their objectives for creating packaging that is more environmentally friendly.

Clariant will offer solutions in four areas at K show, including developing packaging that is designed to be highly recyclable, making plastics packaging that can be re-used easily, supporting use of bio-based polymers and increasing acceptance of compostable packaging   Polymers Petrochemicals Crude PET

Polymers Petrochemicals Crude PET

-Surging Demand for Bioplastics Accelerating Bio-Based PET Market Progress

The increasing use of bio-based polyethylene terephthalate (PET) in different industries, such as automotive and packaging, and the environmental degradation caused by synthetic variants are some of the key factors driving the growth of the bio-based PET market. In 2017, the market generated a revenue of $3,917.4 million, and it is expected to progress at a 14.7% CAGR during the forecast period (2018–2023). Bio-based PET refers to a fully biodegradable, recyclable, renewable, and compostable material, which is 70.0% fossil-derived terephthalic acid (TPA) and 30.0% plant-derived ethanol glycol.

Polymers Petrochemicals Crude PET

-RIL ties up with Turkish co to make eco-friendly fabrics

Kıvanç will distribute Recron GreenGold fibres across Turkey

Reliance Industries, the world’s largest integrated polyester producer, has joined hands with Turkey’s textile behemoth, Kıvanç Tekstil, to manufacture sustainable fabric R|Elan GreenGold to leading global apparel brands and consumers. Polymers Petrochemicals Crude PET

Polymers Petrochemicals Crude PET

RadiciGroup gives itself to soccer – Avellino Calcio, Radici Group is serious ( Italian Language Only)
In the late afternoon the proposal for the official purchase of the Lombard group. All the details
The news was in the air, now comes the confirmation. The Radici Group should send a Pec to Avellino Calcio in the evening: an offer to take over the green-and-white club.

The lawyer Capograssi was in charge of the practice, and together with his collaborators he would have drafted an offer that would range between 1 million and 1.2 million.

A price also conditioned by the ownership of the logo and the company name, entrusted until December 31 in the hands of De Cesare, with the Association for History to act as guarantor. T

he group near Percassi Atalanta is active in the production of chemicals,textiles,etc. with sites located in Europe, North and South America, Asia. It could be a guarantee of solidity for green-and-white fans. And there is need.

RadiciGroup gives itself to soccer

Polyolefins Petrochemical Thermoplastics Prices

Polyolefins Petrochemical Thermoplastics Prices

Polyolefins Petrochemical Thermoplastics Prices

Polyestertime Polymers Petrochemical Polyester Prices

ITEM01/07/201908/07/2019+/-
Bottle grade PET chips domestic market7,900 yuan/ton7,750 yuan/ton-150
Bottle grade PET chips export market1,010 $/ton995 $/ton-15
Filament grade Semidull chips domestic market7,900 yuan/ton7,800 yuan/ton-100
Filament grade Bright chips domestic market7,950 yuan/ton7,850 yuan/ton-100
Pure Terephthalic Acid PTA domestic market6,715 yuan/ton6,475 yuan/ton-240
Pure Terephthalic Acid PTA export market780 $/ton 810 $/ton+30
Monoethyleneglycol MEG domestic market4,400 yuan/ton4,390 yuan/ton-10
Monoethyleneglycol MEG export market542 $/ton538 $/ton-4
Paraxylene PX FOB  Taiwan market838 $/ton837 $/ton-1
Paraxylene PX FOB  Korea market819 $/ton818 $/ton-1
Paraxylene PX FOB EU market742 $/ton735 $/ton-7
Polyester filament POY 150D/48F domestic market8,675 yuan/ton8,650 yuan/ton
-25
Recycled Polyester filament POY  domestic market8,200 yuan/ton7,950 yuan/ton-250
Polyester filament DTY 150D/48 F domestic market10,100 yuan/ton10,050 yuan/ton-50
Polyester filament FDY 68D24F domestic market 9,650 yuan/ton9,600 yuan/ton-50
Polyester filament FDY 150D/96F domestic market9,050 yuan/ton9,000 yuan/ton-50
Polyester staple fiber 1.4D 38mm domestic market8,650 yuan/ton8,555 yuan/ton-95
Caprolactam CPL domestic market12,100 yuan/ton12,500 yuan/ton
+400
Caprolactam CPL overseas  market1,450 $/ton1,470 $/ton+20
Nylon6 chips overseas  market1,750 $/ton1,750 $/ton
Nylon6 chips conventional spinning domestic  market13,250 yuan/ton13,700 yuan/ton+450
Nylon6 chips  high speed spinning domestic  market12,950 yuan/ton13,350 yuan/ton+400
Nylon 6.6 chips domestic  market26,000 yuan/ton25,500 yuan/ton-500
Nylon6 Filament POY 86D/24F domestic  market15,400 yuan/ton15,800 yuan/ton+400
Nylon6 Filament DTY 70D/24F domestic  market17,900 yuan/ton18,250 yuan/ton+350
Nylon6 Filament FDY  70D/24F  domestic  market16,200 yuan/ton16,650 yuan/ton+450
Spandex 20D  domestic  market37,000 yuan/ton37,000 yuan/ton
Spandex 30D  domestic  market36,000 yuan/ton36,000 yuan/ton
Spandex 40D  domestic  market30,500 yuan/ton30,000 yuan/ton-500
Adipic Acid domestic market7,800 yuan/ton8,000 yuan/ton+200
Benzene domestic market4,980 yuan/ton5,225 yuan/ton+245
Benzene overseas  market630 $/ton660 $/ton +30
Ethylene South East market680 $/ton700 $/ton+20
Ethylene NWE  market1,002 $/ton954 $/ton-48
Acrylonitrile ACN  domestic market12,000 yuan/ton11,100 yuan/ton-900
Acrylonitrile ACN  overseas market1,700 $/ton1,650 $/ton-50
Acrylic staple fiber ASF  domestic market15,700 yuan/ton15,700 yuan/ton
Viscose Staple Fiber VSF  domestic market11,400 yuan/ton11,750 yuan/ton+350
PP Powder domestic market8,575 yuan/ton8,825 yuan/ton+250
Naphtha overseas market  515 $/ton507 $/ton
-8
Phenol domestic market 8,000 yuan/ton8,000 yuan/ton
PS Taiwan 5250 GPPS1,195 $/ton1,205 $/ton+10
PS Taiwan 8250 HIPS1,305 $/ton1,325 $/ton+20
LDPE CFR Far East 962 $/ton993 $/ton+31
LLDPE CFR Far East932 $/ton952 $/ton+20
LDPE   FOB Middle East949 $/ton980 $/ton+31
LLDPE FOB Middle East919 $/ton939 $/ton9+20
HDPE CFR Far East979 $/ton999 $/ton+20
LDPE FD Northwest Europe 1,053 €/ton1,033 €/ton-20
LLDPE FD Northwest Europe 1,043 €/ton1,033 €/ton-10

Polyolefins Petrochemical Thermoplastics Prices Polyolefins Petrochemical Thermoplastics Prices Polyolefins Petrochemical Thermoplastics Prices

Polymers Petrochemicals Bioplastic Polyester 08-07-2019

 

Polyolefins Petrochemical Thermoplastics Prices

Polymers Petrochemicals Bioplastic Polyester

Crude Oil Prices Trend Polymers Petrochemicals Bioplastic Polyester 

Polymers Petrochemicals Bioplastic Polyester

-Iran’s Best Bet To Avoid U.S. Sanctions

Iran’s parliament last week passed a draft bill allowing for a massive increase in the number of oil and gas condensates refineries in the country, to be funded from investment from private sector companies and regional banks.

Although the U.S. recently extended sanctions to Iran’s largest petrochemical group, Persian Gulf Petrochemical Industries Company, citing its ties to the Islamic Revolutionary Guards Corps (IRGC), together with a further 39 subsidiary companies and foreign-based sales agents, Tehran still believes that the petchems sector is its best bet to avoid the full focus of the U.S.’s renewed sanctions impetus.

Polymers Petrochemicals Bioplastic Polyester

-SABIC to Showcase Leading Edge Certified Circular Solutions at K2019

SABIC first in the industry to scale-up innovative chemical recycling process to return mixed plastic waste back to the original polymer to help drive circular economy

SABIC has formed downstream collaborations with brand-leading customers Unilever, Tupperware Brands, Vinventions and Walki Group to develop new, high-quality consumer products

SABIC is using feedstock made from mixed plastic waste to produce certified circular polymers at its Geleen production site in The Netherlands

Certified circular polymers are one of many highlights from SABIC at K 2019, Hall 6 Booth D42   Polymers Petrochemicals Bioplastic Polyester 

Polymers Petrochemicals Bioplastic Polyester

-Invista announces start-up of new PTA plant in China

Invista’s technology and licensing group, Invista Performance Technologies (IPT), Sichuan Shengda Chemical New Material Co, Ltd (Sichuan Shengda) and Sichuan Energy Investment Chemical New Material Co, Ltd (Sichuan Energy) have announced start-up of Sichuan Shengda’s purified terephthalic acid (PTA) plant. On-specification production was achieved on May 24.

The plant located in Nanchong, Sichuan province, utilises Invista’s proprietary P7 PTA process technology, with a nameplate capacity of one million metric tonnes per year. The plant also uses Invista’s proprietary R2R technology for production of benzoic acid as co-product.

Polymers Petrochemicals Bioplastic Polyester

-battenfeld-cincinnati expands technical centre

The latest addition to the battenfeld-cincinnati Germany GmbH technical centre in Bad Oeynhausen is a multifunctional thermoforming sheet line.

The complete extrusion line is equipped with cutting-edge machine components and can produce sheets and thin boards made from new materials, recycled materials, bioplastics, and combinations of materials.

“The new lab line will enable our customers to develop new types of sheets or optimise their existing products – something that is becoming increasingly important in the context of “design for recycling”,” says CTO Dr. Henning Stieglitz.

Polymers Petrochemicals Bioplastic Polyester

-Europe PVC July prices for CIS markets drop

Prices of European polyvinyl chloride (PVC) for July shipments to the CIS markets dropped slightly although to a lesser extent than those for Europe’s ethylene monthly contract prices, according to a MRC Price report.

The European ethylene contract price settled down by €75/tonne.

Theoretically, the fall should lead to a decrease of €37/tonne in PVC production costs.

However, despite the significant decrease in feedstock prices, some European producers limited the reduction in export prices of PVC to be shipped to the CIS countries by €10-25/tonne, although in some cases, prices rolled over.

Polymers Petrochemicals Bioplastic Polyester

-Transparent Barrier Films Market market scrutinized in new industry reports

Transparent barrier films prevent permeation of gases including water vapor, electron beam physical vapor deposition and plasma-enhanced chemical vapor deposition.

Transparent barrier films delivers superior barrier performance attained through a combination of vapor deposition and coating technologies.

Polymers Petrochemicals Bioplastic Polyester

-KraussMaffei: Pioneering Plastics

KraussMaffei is reinventing itself.

KraussMaffei, the world’s only provider of ready-to-use system solutions for injection moulding, extrusion and reaction process technology (IMM, EXT, RPM), is now consolidating all business divisions and its previous brands KraussMaffei, KraussMaffei Berstorff and Netstal within a single, unified brand: KraussMaffei.

This repositioning is in line with the ‘Compass’ corporate strategy, which has already brought about fundamental changes with the launch of the Digital & Service Solutions (DSS) business unit.  Polymers Petrochemicals Bioplastic Polyester 

Polymers Petrochemicals Bioplastic Polyester

-US Considers Allowing China to Import Iranian Oil

The US Department of State is discussing allowing China to import oil from Iran as payment for a Chinese company’s investment in an Iranian oilfield.

The administration of US President Donald Trump is discussing issuing China a waiver to a 2012 US act on Iranian sanctions that would allow Beijing—Iran’s single biggest oil customer—to import oil from Iran, Oil Price reported.

The discussions revolve around giving China a waiver to import Iranian oil in exchange for investments that China’s Sinopec has made in an oilfield in Iran.

Polymers Petrochemicals Bioplastic Polyester

-Tehran fumes as Britain seizes Iranian oil tanker over Syria sanctions

“America & our allies will continue to prevent regimes in Tehran & Damascus from profiting off this illicit trade,” Bolton said on Twitter.

British Royal Marines seized a giant Iranian oil tanker in Gibraltar on Thursday for trying to take oil to Syria in violation of EU sanctions, a dramatic step that drew Tehran’s fury and could escalate its confrontation with the West.

The Grace 1 tanker was impounded in the British territory on the southern tip of Spain after sailing around Africa, the long route from the Middle East to the mouth of the Mediterranean. Polymers Petrochemicals Bioplastic Polyester 

Polymers Petrochemicals Bioplastic Polyester

 

Polymers Petrochemicals Biodegradable Denim 06-07-2019

 

-WOW 2019 provides new ideas for circular economy

INDA’s 13th annual World of Wipes (WOW) International Conference connected 390 participants from 19 countries to advance their wipes business in Atlanta, GA, last month.

The event provided valuable programme content with the latest innovations and presentations from industry leaders on issues, market trends, and statistical data to plan business strategies, as well as a 1.5-day WIPES Academy training course.

“World of Wipes was a great experience and a productive meeting for us,” said Howard J. Bochnek VP – Technology and Scientific Affairs, North American Infection Control and American Infection Control. “We are looking into the other upcoming INDA programs, and especially intend to be at WOW again next year.”

Polymers Petrochemicals Biodegradable Denim

-Sidel launches ultra-light PET bottle

Thanks to an extremely light industrial bottle design, Sidel’s new 500 ml PET packaging solution, the X-Lite Still, claims to offer a cost-effective and sustainable option for non-pressurised still water.

Aimed at producers looking to optimise their packaging and their production costs, the bottle weighs 6.5g and has a height of 195mm. A Novembal Novaqua RightCAP26 closure completes the offering.

Polymers Petrochemicals Biodegradable Denim

-Asia key petrochemical markets slump on prolonged US-China trade war

Key petrochemical markets in Asia have suffered double-digit price declines compared with the same period in 2018, amid shrinking global trade and weakened regional economies as the US-China trade war marks its first year.

Based on ICIS daily prices of five major products on 4 July, ethylene had the steepest year-on-year price plunge at 42%, with aromatics benzene and styrene registering declines of more than 20%.

Polymers Petrochemicals Biodegradable Denim

-RECOUP Report: Collaboration & Conversation Key to Solving Black Plastics

RECOUP, has led a cross-industry forum to address the barriers and improve the recycling of black plastic packaging which has published a new report.

Peterborough, UK based Plastics Recycling Charity, RECOUP, has led a cross-industry forum to address the barriers and improve the recycling of black plastic packaging which has published a new report.

The study provides the latest position of the forum ,and the progress which has been made since it was set up at the end of 2017. It represents an open collaboration from RECOUP members across the plastic packaging supply and recycling chain.

Polymers Petrochemicals Biodegradable Denim

-This plastic drinks bottle is made from plants

Plastic has transformed many aspects of daily life, from keeping food fresh to ensuring medical supplies stay sterile.

But in recent years it has become public enemy number one – almost entirely because of the way it is dealt with after it has been used.

Buried in landfill, it will stay there for hundreds of years. It releases toxic fumes into the atmosphere if incinerated. And far too much ends up in the world’s oceans.

Polymers Petrochemicals Biodegradable Denim

-Turkish circular economy-based solid waste PPP secures EUR 9 million loan

A joint venture between France’s Suez Groupe and Turkish waste management firm Altas has secured a EUR 9 million loan for a EUR 15 million circular economy-based project to develop an integrated solid waste management system in Turkey’s province of Canakkale under a public-private partnership (PPP).

According to the lender, the European Bank for Reconstruction and Development (EBRD), Suez and Altas have won the international tender to provide circular economy-based waste collection, transportation, recycling, and disposal services under a 29-year concession in five towns: Canakkale, Lapseki, Kepez, Cardak, and Umurbey.

Polymers Petrochemicals Biodegradable Denim

-The Cape company pioneering plant-based bottles

The Mother City continues to prove itself as one of the world’s most forward-thinking environmentally-aware cities. Cape Town-based company FortisX is pioneering a clear water bottle made from 100% plant material. It’s just like a plastic bottle, without any of the plastic waste.

FortisX has seen a lot of evolution over the years but today specialises in niche textiles lines made from a variety of unique materials.

Polymers Petrochemicals Biodegradable Denim

-Malaysia’s Petronas looks to chemical recycling to tackle plastic waste problem

Malaysia’s Petronas Chemicals Group (PCG) has signed a memorandum of understanding (MoU) with UK company Plastic Energy Ltd, a chemical recycling company, to collaborate in addressing plastic waste that cannot be recycled by conventional means in Malaysia.

The strategic collaboration marks the first step towards a circular economy which maximizes the plastics value chain.

Polymers Petrochemicals Biodegradable Denim

-EU may gain market share with Mercosur trade deal

The EU could potentially gain market share from the US and the Middle East if it is able to consummate a trade deal with the Mercosur trading bloc in South America.

Mercosur includes Latin America’s largest economy, Brazil, as well as Argentina, its third biggest. Other members are Uruguay and Paraguay, which are much smaller countries.

A trade deal could give EU producers an advantage versus producers from other parts of the world because Mercosur charges tariffs of up to 18% on chemical imports.

Polymers Petrochemicals Biodegradable Denim

Anellotech Biomass PreTreatment Technology

Anellotech Biomass PreTreatment Technology

Anellotech’s New Biomass Pre-Treatment Technology to Remove Minerals Successfully Demonstrated

Anellotech Biomass PreTreatment Technology

PRESS RELEASE

Anellotech’s New Biomass Pre-Treatment Technology to Remove Minerals Successfully Demonstrated at 20 Metric Tons/Day Scale

Anellotech’s MinFree™ technology, an innovative, patent pending biomass pretreatment process has been demonstrated to significantly reduce the mineral (ash) content of loblolly pine at a 20 metric ton/day scale.

Month-long trials converting this MinFree™-treated, low-mineral pine into aromatics (BTX) at Anellotech’s Bio-TCat™ process TCat-8® pilot plant showed extended, economic catalyst life.

MinFree™ is expected to provide similar results with other woody biomass like eucalyptus and hard woods, and agricultural residues like cotton straw, sugarcane bagasse and corn stover.

Anellotech is in discussions with feedstock suppliers and other participants in the supply chain to select the next feedstock for development and commercialization with the MinFree™ process.

David Sudolsky, Anellotech’s President & CEO, said, “We have successfully validated loblolly pine and with our partner Axens have begun engineering work for a commercial plant. Anellotech Biomass PreTreatment Technology

We now want to move forward to develop the next feedstock(s) for use in the Bio-TCat™ process.

We look forward to working with other feedstock growers as partners to assess and commercialize abundant feedstocks for conversion to valuable chemicals and fuels.”

MinFree™ also has application in the bioenergy sector.

The MinFree™ process removes high levels of mineral elements from agricultural residues which could cause fouling, erosion and corrosion, enabling the use of residues as economical feedstocks in addition to wood pellets. Anellotech Biomass PreTreatment Technology

About Anellotech

Anellotech (http://www.anellotech.com) is a technology company focused on commercializing innovative production of cost-competitive renewable chemicals and fuels from non-food biomass. Founded in 2008, Anellotech has raised US$80 million in cash and in-kind contributions to date.

Its patented Bio-TCat™ technology is an efficient thermal catalytic process for converting biomass into BTX aromatics (a mixture of benzene, toluene and xylene) which are chemically identical to petroleum-based counterparts.

High purity benzene, toluene and xylenes are used to make commodity polymers such as polyester (polyethylene terephthalate or “PET”), polystyrenes, polycarbonates, nylons and polyurethanes which are used to manufacture plastic consumer goods such as beverage bottles, food packaging, clothing, footwear, carpeting, automotive and electronic components. Anellotech Biomass PreTreatment Technology

Bio-TCat™ technology can also produce renewable AnelloMate™ fuel blendstocks which can be used to lower the GHG emissions of producing gasoline, jet fuel, diesel, and low-sulphur marine fuels. Anellotech Biomass PreTreatment Technology

The Bio-TCat™ process is being demonstrated with loblolly pine feedstocks at Anellotech’s TCat-8® pilot plant in Silsbee, Texas which is currently producing aromatics from loblolly pine and generating data to be used for scale-up and commercial plant design by Anellotech and its R&D, engineering and licensing partners IFPEN and Axens.

For further information contact:

David Sudolsky

Anellotech Inc.

+1 (845) 735 7700

DSudolsky@anellotech.com

Kathryn Sheridan

Sustainability Consult

+32 (0)496 116198

ks@sustainabilityconsult.com

Contract styrene monomer Europe

The July contract price of styrene fell in Europe at EUR48 per ton Contract styrene monomer Europe 

Contract styrene monomer Europe

MOSCOW The contract price of styrene monomer in Europe was finally agreed at EUR994 per ton for July deliveries, which is EUR48 per ton lower compared to the level of the previous month, ICIS reported. Contract styrene monomer Europe 

The contract price was negotiated on delivery terms free on board (FOB) Amsterdam-Rotterdam-Antwerp (ARA).

Five parties confirmed their deals at the level of EUR965, EUR992, EUR999, EUR1 020 per ton, respectively.

One producer and consumer agreed on the price of EUR965 per ton, and another seller concluded with the buyer EUR992 per ton. The third supplier agreed the following deals with two consumers, respectively EUR999 per ton and EUR1020 per ton.

Styrene is the main raw material component for the production of polystyrene (PS).

According to a review of the Market Report Price Forecast , Asian and European markets throughout June did not exert noticeable pressure on the price of Russian polystyrene (PS) in July.

In June, the spot value of styrene was in the range of $ 915-960 / t. The contract price of the monomer was slightly changed in June.

Also, no significant change in prices of all types of European PS is expected.

The expected export value of PS of European plants is as follows: PSS / M – EUR1140-1180 per ton, and UPS / M – EUR1220-1260 per ton, FCA plant, excluding VAT. Taking into account the delivery to the Russian market, the European PSS / M was offered from 102,000 rubles. per ton, CPT Moscow, including VAT. Contract styrene monomer Europe 

mrcplast.ru

Author:

Anna Larionova

Polymers Petrochemicals Biodegradable PA 05-07-2019

Polymers Petrochemicals Biodegradable PA

China – Polyethylene Terephthalate

PET and its chain are in downward trend.

Crude oil  contiues to be on roller coasters.

Polyamide 6 and its chain continue to be in health .

Acrylonitrile is steady.

PET Bottle grade export 970/1,010 $/ton PET Bottle grade domestic market 7,950/8,100 yuan/ton PET Filament grade SD domestic market 8,000/8,100 yuan/ton – PET Filament grade BR domestic market 8,050/8,150 yuan/ton

PTA Taiwan 805/815 $/ton PTA domestic market 6,550/6,650 yuan/tonMEG  535/550 $/ton – MEG domestic market 4,350/4,450 yuan/tonPX Korea 815/825$/ton  Polymers Petrochemicals Biodegradable PET

Polyester POY 150D/48F  domestic market 8,800/8,950  yuan/tonPolyester DTY 150D/48F  domestic market 10,200/10,300  yuan/tonPolyester Staple PSF domestic market 8,500/8,600 yuan/ton

Polymers Petrochemicals Biodegradable PA

Crude Oil Prices Trend

Polymers Petrochemicals Biodegradable PA

-Anellotech’s New Biomass Pre-Treatment Technology to Remove Minerals Successfully Demonstrated

Anellotech’s New Biomass Pre-Treatment Technology to Remove Minerals Successfully Demonstrated at 20 Metric Tons/Day Scale

Anellotech’s MinFree™ technology, an innovative, patent pending biomass pretreatment process has been demonstrated to significantly reduce the mineral (ash) content of loblolly pine at a 20 metric ton/day scale.

Month-long trials converting this MinFree™-treated, low-mineral pine into aromatics (BTX) at Anellotech’s Bio-TCat™ process TCat-8® pilot plant showed extended, economic catalyst life.

Polymers Petrochemicals Biodegradable PA

-Sales revenue of Adiponitrile to surge in the near future owing to rapid adoption across key industries

The report compiled by Persistence Market Research focuses on factors influencing the present scenario of the ‘Adiponitrile market’. The research report also offers concise analysis referring to commercialization aspects, profit estimations and market size of the industry. In addition, the report highlights the competitive standing of major players in the projection timeline, which also includes their portfolios and expansion endeavors.

Adiponitrile or hexanedinitrile is a colorless organic liquid compound. It finds its major application as a precursor for polymer nylon 6-6 which is known for its high mechanical strength and hence finds an array of applications including conveyor belts, carpet fibers, and electro-insulating elements amongst others.Polymers Petrochemicals Biodegradable PA

Polymers Petrochemicals Biodegradable PA

-KraussMaffei and NETSTAL to combine under KraussMaffei brand

KraussMaffei and NETSTAL are to combine into a single company under the KraussMaffei name.

The new joint company will now present itself even more effectively, first and foremost in the medical technology and packaging industries.

Hans-Ulrich Golz, President of the Injection Moulding Machinery segment at KraussMaffei, said: “Under the single, strong KraussMaffei brand, we are combining our injection moulding expertise from all application areas.”

“We will be pushing ahead the world of injection moulding more than ever, in keeping with our new, shared motto, Pioneering Plastics.”

Polymers Petrochemicals Biodegradable PA

-Korean Chemical Companies Accelerating Development of Eco-friendly Plastics

South Korea’s major chemical companies are accelerating research and development (R&D) and commercialization of environmentally friendly plastics. Eco-friendly plastics are becoming an issue of growing importance around the globe and there is a growing interest in environment protection in the country due to non-biodegradable plastic trash problems.

SK Chemicals Co. is most actively seeking to develop polylactic acid (PLA), a bioplastic derived from renewable biomass, typically from fermented plant starch such as from corn, cassava, sugarcane or sugar beet pulp.

Polymers Petrochemicals Biodegradable PA

-Pearlised BOPP Film Market: How Brands are Winning the Race?

One of the most preferred polymers in food packaging and in printing application is polypropylene due to its excellent properties like high-temperature resistance, low moisture resistance, and high stiffness.

To improve mechanical properties, this film is stretched in both directions and across machine to form biaxially oriented polypropylene films (BOPP film).

Fillers such as talc and calcium carbonate and pigments are added to BOPP film to provide a pearly aesthetic look and improve optical properties.

Pearlised BOPP film finds application majorly in cold drink packaging such as ice cream packaging, biscuits, sweets, and flavour snack packaging.

Polymers Petrochemicals Biodegradable PA

-Israelis at the forefront of fast-growing algae market

Several Israeli companies are taking advantage of the country’s ideal environmental conditions for algae farming.

For thousands of years, consuming algae has been part of the native diets of Africa, Central America, South America and Southeast Asia. But today, algae are much more than a wrap for sushi – they are also used to produce a wide range of products such as food additives, natural pigments, chemical-free fabric dyes, biodegradable plastics and biofuels.

Israel has exponentially expanded the country’s knowledge and presence in the algae industry by spearheading research,including developing algal-based technologies.

Polymers Petrochemicals Biodegradable PA

-Teijin to acquire Benet Automotive to expand European automotive business

Teijin Limited has announced it will acquire Benet Automotive s.r.o.(Benet), an automotive composite and component supplier in the Czech Republic, from Jet Investment.

Teijin is growing its automotive composites business with proprietary lightweight, high-performance materials, and design capabilities, to become a multi-material component supply partner of automotive OEM customers served by Teijin hubs in Europe, North America and Asia. Polymers Petrochemicals Biodegradable PA

Polymers Petrochemicals Biodegradable PA

-Downward Pricing for Polyolefins, PET; Flat-to-Up for PS, PVC

Overall, slowed global demand and improved supply/demand balance scenarios are likely to keep prices of the five volume resins relatively stable.

As we got into the second half of the year, the pricing trajectory has been downward for PP, PET and PE. Actually, prices of PP and PET may bottom out this month, owing to typical inventory buildup in the July-August timeframe for the former and upward pressure from feedstock costs for the latter.

In contrast, prices of PE are generally expected to drop owing to a decline in global prices and an amply supplied market.

There’s an upward pricing trajectory for PS and PVC, driven by feedstock benzene in the case of the former and suppliers’ claims of tight supply in the case of the latter. However, in the case of both resins, all other key driving factors are pointing to a flat-to-down trajectory.

Polymers Petrochemicals Biodegradable PA

-Polypropylene (PP) prices rise in FEA and SEA

PP prices this week, witnessed a rise in the Far East and South East Asian regions. The price rise, was triggered by stronger import offers, from overseas producers coupled with deals, concluded at higher price levels in the region.

CFR Far East Asia, PP raffia and PP injection prices were assessed at the USD 1035/mt levels, while PP film prices were assessed at the USD 1055/mt levels, both up USD 20/mt from the previous week. BOPP prices were also assessed at the USD 1055/mt levels, a week on week gain of USD 20/mt. PP block copolymer prices were assessed higher at the USD 1080/mt levels, a week on week increase of USD 20/mt.

In South East Asia (SEA), PP raffia and PP injection grade prices were assessed at the USD 1060/mt levels, a week on week rise of USD 10/mt. PP film prices were assessed at the USD 1075/mt levels, a gain of USD 10/mt from the last week. BOPP prices were assessed at the USD 1080/mt levels, while PP block copolymer prices were assessed at the USD 1095/mt CFR levels, both up USD 10/mt week on week.

Polymers Petrochemicals Biodegradable PA

-Coexpan and Emsur will open Innotech innovation and development centre in Madrid in July 2019.

The centre will focus on two main aspects; to promote sustainability, circular economy and food safety and accelerate the processes to develop and launch sustainable products.

Circular Economy

With this in mind, the centre, in Alcalá de Henares, Madrid (the international headquarters of both Divisions), will invite customers, suppliers, associations, public bodies and universities to come together to cooperate in projects to develop more efficient and sustainable packaging.

Polymers Petrochemicals Biodegradable PA

-BASF to unveil first polybutylene terephthalate for extrusion and thermoforming at K2019

On the occasion of this year’s K fair, BASF will launch and present its new product Ultradur B6551 LNI for extrusion and the worldwide first thermoformable PBT (polybutylene terephthalate) Ultradur B6560 M2 FC TF. An interdisciplinary team of chemists, physicists, and engineers developed the products from lab to reality.

Both new grades combine all the well-known characteristics of the Ultradur family like high melting point, low water uptake, high dimensional stability and good barrier properties. Though, up to now the melt strength of PBT was not sufficient to make it a preferred product for extrusion.

By connecting and branching the polymer chains via tailor-made additives, the experts of BASF gained a very high melt strength. Polymers Petrochemicals Biodegradable PA

Polymers Petrochemicals Biodegradable PA

-Fabio Perini creates eco-friendly packaging for tissue converting

Fabio Perini has developed a “green” primary and secondary packaging solution for tissue products that can adapt to current systems and existing equipment as part of the push to decrease plastic use in packaging.

To accomplish this, Fabio Perini had to identify the most suitable alternative to plastic for primary packaging. This material had to be not only eco-sustainable, recyclable and/or compostable, but also as versatile as the polyethylene in terms of availability, product protection, packaging options, printability and resistance to production-related mechanical stress.

Polymers Petrochemicals Biodegradable PA

-Oxford recycling: Wrong items wasting thousands, city council say

OXFORD City Council is reminding city households to put the right materials in their recycling bins and says £12,000 of taxpayers’ money was wasted in six weeks as a result.

It says most city residents ‘recycle very well’ but incorrect items mean good quality material can end up being rejected.

Recycling should be ‘loose, rinsed and squashed with any excess in a clear sack or cardboard box’.

Incorrect items in blue recycling bins include food and food-soiled items, black bin liners, nappies and textiles. If included, they can lead to an entire load being rejected.

Polymers Petrochemicals Biodegradable PA

-Cifra expands its design department and yarn offerings

Cifra, a leader in production of knitwear with WKS technology which is internationally patented, is investing in research and design thanks to the expansion of its design department and the addition of new eco-sustainable yarn offerings. Cifra is an Italian company known as warp knit centre of excellence that produces garments with an exclusive technology.

“Our work is customised at every stage so that we may offer a completely exclusive product, created with the most current, increasingly cutting-edge technology on the market. Polymers Petrochemicals Biodegradable PA

Polymers Petrochemicals Biodegradable PA

June Contract MonoethyleneGlycol Europe

The June contract price of MEG in Europe decreased by EUR60 per ton  June Contract MonoethyleneGlycol Europe 

June Contract MonoethyleneGlycol  Europe

MOSCOW – The contract price of monoethylene glycol (MEG) for June in Europe was finally agreed at the level of EUR695 per ton, which is EUR60 per ton lower than the previous month, ICIS reported. Contract MonoethyleneGlycol Europe 

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

So, last month the contract price for the material was agreed between one buyer and one seller in the European market at the above level, but then the necessary configuration for approving the contract price was not achieved: confirmation must be received from two producers / sellers and two consumers / buyers. Contract MonoethyleneGlycol Europe 

Then on Tuesday evening, July 2, the second buyer and the second seller confirmed the same price. Contract MonoethyleneGlycol Europe 

Thus, negotiations on the June contract price of the MEG were extended from June to early July, as the positions on the prices of buyers and sellers were different.

Participants in the European MEG market expected a slight decrease in the contract price of ethylene, given the decline in naphtha quotes in the upstream market. In addition, the large gap between spot and contract levels in Europe contributed to the expected downward price trend in the MEG market.

Earlier it was noted that the May contract price of MEG in the European market was agreed at the level of EUR755 per tonne, which is EUR20 per tonne lower than the level of April.

MEG along with terephthalic acid (TFA) is one of the main components for the production of polyethylene terephthalate (PET). Contract MonoethyleneGlycol Europe 

According to the ICIS-MRC Price Review , the cost of PET in the Russian market this month will reach a price bottom. In July, contract prices of Russian producers will reach minimum levels over the past 1.5 years. Asian quotes continue to grow, which will affect the growth of formula prices of Russian factories already for August shipments.

mrcplast.ru

Author:

Margarita Volkova

Polymers Petrochemicals Biodegradable PET 04-07-2019

Polymers Petrochemicals Biodegradable PET

China – Polyethylene Terephthalate

PET and its chain are about steady, with exception of PX.

Crude oil  contiues to be on roller coasters.

Polyamide 6 and its chain continue to be in health .

Acrylonitrile is always weak.

PET Bottle grade export 955/995 $/ton PET Bottle grade domestic market 7,750/7,850 yuan/ton PET Filament grade SD domestic market 7,650/7,800 yuan/ton – PET Filament grade BR domestic market 7,750/7,850 yuan/ton

PTA Taiwan 740/750 $/ton PTA domestic market 6,350/6,450 yuan/tonMEG  555/565 $/ton – MEG domestic market 4,300/4,400 yuan/tonPX Korea 825/840 $/ton  Polymers Petrochemicals Biodegradable PET

Polyester POY 150D/48F  domestic market 8,800/8,900  yuan/tonPolyester DTY 150D/48F  domestic market 10,050/10,150  yuan/tonPolyester Staple PSF domestic market 8,350/8,450 yuan/ton

Polymers Petrochemicals Biodegradable PET

Crude Oil Prices Trend  Polymers Petrochemicals Biodegradable PET

Polymers Petrochemicals Biodegradable PET

-The June contract price of MEG in Europe decreased by EUR60 per ton

The contract price of monoethylene glycol (MEG) for June in Europe was finally agreed at the level of EUR695 per ton, which is EUR60 per ton lower than the previous month, ICIS reported.

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

So, last month the contract price for the material was agreed between one buyer and one seller in the European market at the above level, but then the necessary configuration for approving the contract price was not achieved: confirmation must be received from two producers / sellers and two consumers / buyers.

Polymers Petrochemicals Biodegradable PET

-ALPLA collaborates with PTT on potential recycling plant

Austrian converter ALPLA is to collaborate with PTT Global Chemical (GC) on a feasibility study for the construction of a recycling plant in Thailand.

With two of its own recycling plants in Austria and Poland and joint ventures in Germany and Mexico, ALPLA has become a preferred partner for PET recycling and is now looking at extending in Thailand on this front.

Polymers Petrochemicals Biodegradable PET

-US June ethylene contracts fall amid lower costs

US June ethylene contracts settled down by 0.75 cent/lb from May for a majority of the market as lower production costs outweighed a mid-month spot-price uptick.

The settlement puts June contracts at 23.5 cents/lb ($518/tonne) DEL (delivered).

US ethylene contract prices are typically settled at the beginning of the month for the prior month and track spot prices and production costs.

Front-month ethylene traded at 11.750-14.625 cents/lb in June amid some brief supply constraints, compared with 12.250-13.500 cents/lb in May.

Polymers Petrochemicals Biodegradable PET

-P&G hopes to develop recyclable diapers in battle against waste

Procter & Gamble Co., facing an industrywide backlash against consumer waste, is seeking a patent that would help it develop recyclable versions of absorbent products including diapers, sanitary products and even cleaning wipes.

Because many absorbent products today use multiple kinds of plastic and other materials, they’re hard to separate during trash sorting and nearly always end up in landfills, the consumer products giant said in its patent application, published last week. By reducing the number of components and using more sustainable ones, P&G said it could simplify the separation process and make the recycling of single-use goods more feasible.

Polymers Petrochemicals Biodegradable PET

-Jabil Packaging Solutions launches Sustainable Packaging Services to accelerate innovation

Jabil Packaging Solutions (JPS; St. Petersburg, FL), a division of Jabil Inc., introduced a new suite of Sustainable Packaging Services that enable packaged goods brands to rapidly design and deliver innovative sustainable packaging formats into the marketplace. Companies producing consumer packaged goods (CPGs) are at “a turning point,” said JPS, and they need to find “smart ways to make their products and packaging sustainable or face increasing regulations, taxes and pushback from consumers.”

Polymers Petrochemicals Biodegradable PET

-No pressure as Sidel goes even lighter

Sidel has introduced a 500ml PET packaging solution for non-pressurised still water that its creator claims is the lightest bottle of its size and application in the world. has also been optimised by the company’s engineers for the Sidel Super Combi, integrating five process steps: preform feeding, blowing, labelling, filling/capping and cap feeding.

“Based on a dedicated preform design for optimal mechanical performances, this latest addition to our packaging portfolio is able to withstand label application on the empty bottle, in spite of its extremely light weight.

Polymers Petrochemicals Biodegradable PET

-EU-Mercosur FTA opens opportunity for textile industry

Euratex, the European Apparel and Textile Confederation, has welcomed conclusion of negotiations for a comprehensive Free Trade Agreement (FTA) between EU and Mercosur (Argentina, Brazil, Paraguay and Uruguay). Euratex ensured that the FTA was fit for textile and clothing companies also preserving social and environmental standards in making high-quality products.

Polymers Petrochemicals Biodegradable PET

-Kelheim Fibres Wins World Of Wipes Innovation Award

During the World of Wipes in Atlanta, the Bavarian manufacturer of viscose speciality fibres has been presented with the World of Wipes Innovation Award.

The award recognizes the newly developed Danufil®QR fibre, a positively charged viscose fibre, that was specifically designed for use in disinfectant wipes: Danufil® QR is the only viscose fibre worldwide that – in contrast to standard viscose fibres – binds less than 10% of “quats” (quarternary ammonium compounds), so that this common disinfectant can release its intended effect in the wipe.

Polymers Petrochemicals Biodegradable PET

-U.S. Considers Allowing China To Import Oil From Iran

The U.S. Department of State is discussing allowing China to import oil from Iran as payment for a Chinese company’s investment in an Iranian oilfield, Politico reported on Wednesday, citing U.S. officials and sources.

The Trump Administration is discussing issuing China a waiver to a 2012 U.S. act on Iranian sanctions that would allow Beijing—Iran’s single biggest oil customer—to import oil from Iran, three U.S. officials told Politico.

Polymers Petrochemicals Biodegradable PET

Polypropylene Vietnam July deliveries

Price offers of PP in Vietnam for July deliveries multidirectional Polypropylene Vietnam July deliveries

Polypropylene Vietnam July deliveries

MOSCOW – Polypropylene (PP) price offers in Vietnam for July deliveries were mixed last week, ICIS reports with reference to market participants.

Some traders increased their bids for shipments in July, confident that prices had already reached the bottom. Duty-based PP prices for yarn and fiber from Saudi Arabia were at USD1060 per ton, CFR Vietnam. Polypropylene Vietnam

Other suppliers have decided to keep prices unchanged in the hope of increasing volumes.

Still others were willing to make concessions to customers who were willing to buy large volumes.

It was reported that some transactions were concluded at a price of about USD1000-1010 per tonne, CFR Vietnam for delivery in July.

According to the ICIS-MRC Price Review , the last week of June in the Russian polypropylene market was ambiguous.

On the one hand, the largest seller lowered its spot prices by 7,000 rubles. per ton for pp-homo. Polypropylene Vietnam

On the other hand, the rest of the sellers were in no hurry to adjust their prices, and in most cases took a break until next week.

The demand for polypropylene increased in June, but not as noticeably as many market participants expected. In some segments of consumption, demand for PP is lower than last year. Polypropylene Vietnam July deliveries

mrcplast.ru

Author: Anna Larionova

Petkim polypropylene polyethylene Turkey

Polymers Petrochemicals LLDPE Bioplastic 03-07-2019

Polymers Petrochemicals LLDPE Bioplastic

China – Polyethylene Terephthalate

PET and its chain are about steady, with exception of MEG.

Crude oil  contiues to be on roller coasters.

Polyamide 6 and its chain continue to journey north .

Acrylonitrile is always weak.

PET Bottle grade export 955/995 $/ton PET Bottle grade domestic market 7,750/7,850 yuan/ton PET Filament grade SD domestic market 7,650/7,800 yuan/ton – PET Filament grade BR domestic market 7,750/7,850 yuan/ton

PTA Taiwan 740/750 $/ton PTA domestic market 6,400/6,500 yuan/tonMEG  550/560 $/ton – MEG domestic market 4,300/4,400 yuan/tonPX Korea 840/855 $/ton

Polyester POY 150D/48F  domestic market 8,800/8,900  yuan/tonPolyester DTY 150D/48F  domestic market 10,050/10,150  yuan/tonPolyester Staple PSF domestic market8,400/8,500 yuan/ton

Polymers Petrochemicals LLDPE Bioplastic

Crude Oil Prices Trend Polymers Petrochemicals LLDPE Bioplastic 

Polymers Petrochemicals LLDPE Bioplastic

-The July contract price of styrene fell in Europe at EUR48 per ton Contract styrene monomer Europe 

The contract price of styrene monomer in Europe was finally agreed at EUR994 per ton for July deliveries, which is EUR48 per ton lower compared to the level of the previous month, ICIS reported. Contract styrene monomer Europe

The contract price was negotiated on delivery terms free on board (FOB) Amsterdam-Rotterdam-Antwerp (ARA).

Five parties confirmed their deals at the level of EUR965, EUR992, EUR999, EUR1 020 per ton, respectively.

Polymers Petrochemicals LLDPE Bioplastic

-Evian pilots 100% recycled plastic bottle at Wimbledon

Water brand evian is piloting a circular model at this year’s Wimbledon, through the introduction of water bottles made from 100% recycled plastic.

evian and the All England Lawn Tennis Club (AELTC) will be implementing a range of initiatives at this year’s Wimbledon to with an aim of helping tennis fans recycle all types of waste at this major event.

This will include a greater number of recycling bins, as well as eco champions who will help visitors to recycle effectively.Polymers Petrochemicals LLDPE Bioplastic 

Polymers Petrochemicals LLDPE Bioplastic

-Price offers of PP in Vietnam for July deliveries multidirectional

Polypropylene (PP) price offers in Vietnam for July deliveries were mixed last week.

Some traders increased their bids for shipments in July, confident that prices had already reached the bottom. Duty-based PP prices for yarn and fiber from Saudi Arabia were at USD1060 per ton, CFR Vietnam.

Other suppliers have decided to keep prices unchanged in the hope of increasing volumes.

Still others were willing to make concessions to customers who were willing to buy large volumes.

Polymers Petrochemicals LLDPE Bioplastic

-EU chems welcomes FTA with Mercosur despite concerns over duty-free ethanol

EU chemicals trade group Cefic has welcomed the free trade agreement (FTA) between the EU and Latin America’s Mercosur, which is expected to fully remove duties for 90% of the EU’s chemicals exports to the five-country bloc.

Sugar cane used for production of biofuel ethanolThe bid to ease trading between the two markets will have the most prevalent effect on the ethanol market, which will have the most drastic liberalisation on import tariffs.

Mercosur is a trading bloc comprising Latin America’s largest economy Brazil, Argentina, Paraguay, and Uruguay. Venezuela is a full member but has been suspended since 2016.

“This is very welcome for the development of bio-based chemistry in Europe.”

Polymers Petrochemicals LLDPE Bioplastic

-Follow the circle to sustainability

A linear resource model of ‘use and discard’ won’t work. It’s time to move towards a circular economy, says V Rishi Kumar

The world will not be destroyed by those who do evil, but by those who watch them without doing anything — Albert Einstein

We are the first generation to feel the sting of climate change, and we are the last generation that can do something about it — Jay Inslee.

Imagine this: By 2050, the world’s population will touch 9.7 billion and the per capita resource need will be up by 71 per cent.

Polymers Petrochemicals LLDPE Bioplastic

A sneak preview of Avery Dennison’s innovations at Labelexpo Europe 2019

To celebrate the 40th year of Labels and Labelling, Avery Dennison is creating their biggest ever trade show presence at the Labelexpo event. Under the theme “Making a Material Difference”, the Avery Dennison team of experts will demonstrate a range of newly launched and significant innovations across four key areas of focus, including sustainable materials and intelligent labels, to name two.

New product innovations include:

  • rPE – the industry’s first-ever facestock made from recycled polyethylene, launched in Europe in May.

Polymers Petrochemicals LLDPE Bioplastic

-EU requires carmakers to add fake engine noise to electric cars

Pedestrians can struggle to hear them coming

Electric vehicles have been hailed as part of the answer to the climate crisis, but for some people they represent a new danger.

Pedestrians can struggle to hear quiet electric and hybrid vehicles coming, which presents a particular risk for blind and visually impaired people.

But as of Monday, all new models of electric and hybrid vehicles developed and sold in the European Union must come equipped with an acoustic sound system.

Polymers Petrochemicals LLDPE Bioplastic

-Baralan: A recyclable and biodegradable biopolymer line requiring no specific injection moulds

The “Eco Baralan” line presented by Baralan at the trade show Édition Spéciale by Luxe Pack, which took place in Paris on June 4th and 5th, could stand as a major breakthrough for the development of more sustainable cosmetic packaging.

The new range, which was presented for the first time on the stand of the Italian company, is made with a biopolymer derived from renewable natural fibres (but from cultures dedicated to the food chain and not originating from Asia, specified the company). According to Baralan, the production process of this new “X-Code” biopolymer is similar to PP and SAN.

Polymers Petrochemicals LLDPE Bioplastic

-Bioplastics Could Solve a Major Pollution Problem

Advanced solvents and enzymes are transforming woody wastes into better biodegradable plastics

Our civilization is built on plastics. In 2014 alone, industry generated 311 metric tons, an amount expected to triple by 2050, according to the World Economic Forum. Yet less than 15 percent of it gets recycled. Much of the rest is incinerated, sits in landfills or is abandoned in the environment—where, being resistant to microbial digestion, it can persist for hundreds of years. Plastic debris accumulating in the ocean causes all kinds of problems, from killing wildlife when mistakenly ingested to releasing toxic compounds. It can even enter our bodies via contaminated fish.

Polymers Petrochemicals LLDPE Bioplastic

-Resetting the Ambition for Biotechnology in the EU

As the new European Parliament meets for its inaugural session in Strasbourg, Belgium, EuropaBio has published its Biotechnology Industry Manifesto 2019. The manifesto calls upon EU decision makers to reset the ambition for a healthier, more resource efficient, technology driven Europe.

Biotechnology is already a transformative EU asset, says EuropaBio, significantly addressing unmet medical needs, enabling smarter, more efficient use of natural resources, reducing greenhouse gas emissions and improving the quantity and quality of food and feed. But huge potential remains untapped for delivering new and innovative solutions to the United Nations Sustainable Development Goals for 2030.

Polymers Petrochemicals LLDPE Bioplastic

-Sumitomo (SHI) Demag presents K-2019 showcase

Having reported a double-digit (13%) turnover increase after modernising its production and sales approach last year, Sumitomo (SHI) Demag will unveil five energy efficient machines.

n addition, the company will launch a new eMultiPlug innovation, showcase its technical prowess in Liquid Silicone Rubber (LSR) moulding, plus provide an interactive area where customers can test out the latest smart diagnostic and support services using myConnect.

With all this on display, K-2019 promises to be the unmissable plastics exhibition to round off the decade.Polymers Petrochemicals LLDPE Bioplastic 

Polymers Petrochemicals LLDPE Bioplastic

-Asia June industries weaken; China poses strong downside risks

Asia’s manufacturing activity weakened in June as the US-China trade war continued to dampen business sentiment, with heightened downside risks from China’s economic slowdown, according to analysts.

Based on latest private surveys of manufacturers in China, Japan, South Korea, business conditions in June worsened as they all showed lower manufacturing purchasing managers’ index (PMI) readings from the previous month.

Polymers Petrochemicals LLDPE Bioplastic

Asia paraxylene July contract prices

Asia paraxylene July contract

Asia did not reach agreement on paraxylene July contract prices

Asia paraxylene July contract prices

The participants in the negotiation process, by agreeing on the July contract prices of paraxylene in Asia, could not reach an agreement for the current month.

According to them, the approval of the monthly contractual price of the material is achieved when it is agreed by at least two suppliers and two buyers.

This is the fifth time this year when it is not possible to agree on contract prices for material in the region. Asia paraxylene July contract

Thus, in 2019, the agreed contract price of paraxylene in Asia was reached in February at the level of USD1,050 per ton, CFR Asia, and in March at the level of USD1,080 per ton, CFR Asia.

Para-xylene is one of the main raw materials for the production of polyethylene terephthalate (PET).

According to the ICIS-MRC Price Review , the cn value of PET in the Russian market will reach a price bottom this month.  Asia paraxylene July contract

In July, contract prices of Russian producers will reach minimum levels over the past 1.5 years.  Asian quotes continue to grow, which will affect the growth of formula prices of Russian factories already for August shipments.

mrcplast.ru

Author:   Margarita Volkova

 

Related Topics

-May Contract prices paraxylene Europe

Sinopec PetroChina LDPE EastChina 

Sinopec and PetroChina Increase LDPE Prices in East China 

Sinopec PetroChina LDPE EastChina

MOSCOW – China China Petroleum & Chemical Corp.  (Sinopec), Asia’s largest oil refining company, and PetroChina, a subsidiary of the Chinese National Petroleum Corporation (CNPC), announced on July 1 that high-pressure polyethylene (LDPE) prices were rising for China’s eastern region, market sources told ICIS . Sinopec PetroChina LDPE EastChina 

So, on July 1, Sinopec increased its LDPE prices on CNY100-200 to CNY8 750 per ton EXW (shipment from the plant), a company source said.

PetroChina, at the same time, separately increased LDPE prices on CNY150 to USD8,600 per ton EXW.

Supplies from major manufacturers are limited, since on June 27 Maoming Petrochemical closed its LDPE production.  The same production was closed from 6 to 15 June.

Traders in southern China offered LDPE on spot at a level of CNY8 700-9,000 per ton.

According to Scan Report Company Market Report, in May, the estimated consumption of LDPE in Russia increased to 53.76 thousand tons against 47.62 thousand tons a month earlier.  Sinopec PetroChina LDPE EastChina 

Kazanorgsintez has increased production volumes after stopping for prevention.  In the first five months, the estimated consumption of LDPE in the Russian Federation was 248.91 thousand tons, which is 3% more than in 2018.

The volumes of PVD production on the part of individual producers decreased, and exports also declined. Sinopec PetroChina LDPE EastChina 

Sinopec Corp.  is one of the world’s largest integrated energy and chemical companies.  Business Sinopec Corp.  includes oil and gas exploration, extraction and transportation of oil and gas, oil refining, petrochemical production, the production of mineral fertilizers and other chemical products.

In terms of refining capacity, Sinopec Corp.  ranks second in the world, in terms of ethylene capacity – fourth.

PetroChina was established in 1999 by allocating CNPC assets.  The company is engaged in the exploration, development and production of oil and natural gas, as well as the processing, transportation and distribution of oil and oil products, petrochemical products and the sale of natural gas.

CNPC owns 86% of the company’s shares.  The headquarters is located in Beijing, the staff of more than 500 thousand people.

mrcplast.ru

Author:   Anna Larionova

Polymers Petrochemicals LDPE Bioplastic 02-07-2019

Polymers Petrochemicals LDPE Bioplastic

China – Polyethylene Terephthalate

PET and its chain continue to be strong.

Crude oil  is on roller coasters.

Polyamide 6 and its chain are slight rising.

Acrylonitrile is losing ground.

PET Bottle grade export 955/995 $/ton PET Bottle grade domestic market 7,750/7,850 yuan/ton PET Filament grade SD domestic market 7,650/7,800 yuan/ton – PET Filament grade BR domestic market 7,750/7,850 yuan/ton

PTA Taiwan 740/750 $/ton PTA domestic market 6,350/6,450 yuan/tonMEG  555/565 $/ton – MEG domestic market 4,300/4,400 yuan/tonPX Korea 830/845 $/ton

Polyester POY 150D/48F  domestic market 8,800/8,900  yuan/tonPolyester DTY 150D/48F  domestic market 10,050/10,150  yuan/tonPolyester Staple PSF domestic market8,400/8,500 yuan/ton

Polymers Petrochemicals LDPE Bioplastic

Asia did not reach agreement on paraxylene July contract prices

The participants in the negotiation process, by agreeing on the July contract prices of paraxylene in Asia, could not reach an agreement for the current month.

According to them, the approval of the monthly contractual price of the material is achieved when it is agreed by at least two suppliers and two buyers.

This is the fifth time this year when it is not possible to agree on contract prices for material in the region

Polymers Petrochemicals LDPE Bioplastic

Crude Oil Prices Trend

Polymers Petrochemicals LDPE Bioplastic

-Sinopec and PetroChina Increase LDPE Prices in East China 

China China Petroleum & Chemical Corp.  (Sinopec), Asia’s largest oil refining company, and PetroChina, a subsidiary of the Chinese National Petroleum Corporation (CNPC), announced on July 1 that high-pressure polyethylene (LDPE) prices were rising for China’s eastern region.

So, on July 1, Sinopec increased its LDPE prices on CNY100-200 to CNY8 750 per ton EXW (shipment from the plant), a company source said.

PetroChina, at the same time, separately increased LDPE prices on CNY150 to USD8,600 per ton EXW.

Supplies from major manufacturers are limited, since on June 27 Maoming Petrochemical closed its LDPE production.  The same production was closed from 6 to 15 June.

Polymers Petrochemicals LDPE Bioplastic

-EFBW calls for improvements in plastic recycling infrastructure

The European Federation of Bottled Waters (EFBW) has called on European authorities to enhance the performance of recycling and sorting systems for beverage containers, in order to ensure the availability of high-quality recycled PET (rPET) in the EU.

Last year, EFBW members committed to collecting 90% of all PET bottles by 2025 as an EU average, ensuring that discarded plastic containers can be converted into rPET.

The EU also approved the implementation of the Single Use Plastics Directive in May, which set a 90% separate collection target for plastic beverage bottles by 2029.

Polymers Petrochemicals LDPE Bioplastic

-PepsiCo Switches to 100% rPET Packaging for Lifewatr

PepsiCo Switches to 100% rPET Packaging for Lifewatr(Photo: PepsiCo’s Lifewatr is set to be packaged with 100% recycled plastic. Credit: PepsiCo)

PepsiCo plans to package its bottled water brand Lifewatr in 100% recycled polyethylene terephthalate (rPET) starting this year, the company says. The move should help the beverage giant advance its goal of using 25% recycled plastic content in all plastic packaging by 2025.

Besides the shift to 100% rPET packaging, PepsiCo says their sparkling water brand Bubly will no longer be packaged in plastic and their Aquafina water brand will offer aluminum can packaging in US food service outlets. Altogether, the 2019 packaging changes are expected to eliminate more than 8,000 metric tons of virgin plastic and around 11,000 metric tons of greenhouse gas emissions, according to the company.

Polymers Petrochemicals LDPE Bioplastic

-Evian unveils 100% rPET bottle in Wimbledon trial

Danone Waters has unveiled a 750ml Evian bottle made from 100% recycled plastic, which is being trialled at this year’s Wimbledon Tennis Championships.

The innovation is part of Evian’s commitment, made last year, to ensure all its bottles are 100% rPET by 2025, by which time the brand aims to be a fully circular business globally.

To mark the launch of the new sustainable pack, Evian was working with Wimbledon’s All England Lawn Tennis & Croquet Club to shine “a spotlight on recycling infrastructure and behaviour” the brand said. Polymers Petrochemicals LDPE Bioplastic 

Polymers Petrochemicals LDPE Bioplastic

-Iraq will not offer Basrah Medium crude until Fao project complete: minister

Iraq’s long-mooted introduction of a Basrah Medium crude grade is contingent on the much-delayed expansion of the Fao export depot on the Persian Gulf, oil minister Thamir al-Ghadhban said.

Iraq’s State Oil Marketing Organization announced last year that it was mulling the launch of Basrah Medium, which would stabilize the quality of its current grades on offer — Basrah Heavy and Basrah Light — as more production is sourced from lower-quality oil deposits.

Polymers Petrochemicals LDPE Bioplastic

-IRENEX to hold offering of 2m barrels of light crude oil on Tuesday

This will be the 12th round of light crude offering in IRENEX and the fifth round of offerings in the current Iranian calendar year (started on March 20, 2019).

Since the U.S.’s withdrew from Iran’s nuclear pact in May 2018, vowing to drive Iran’s oil exports down to zero, the Islamic Republic has been taking various measures to counter the U.S. actions and to keep its oil exports levels as high as possible.

One of the main strategies that Iran chose to execute to help its oil exports afloat has been trying new ways to diversify the mechanism of oil sales, one of which is offering oil at the country’s stock market.Polymers Petrochemicals LDPE Bioplastic 

Polymers Petrochemicals LDPE Bioplastic

-Henkel partners with greiner packaging to release recyclable black plastic packaging

Black plastic packaging materials pose a challenge for the recycling value chain on account of the colour used in them to date, as they cannot be properly identified and sorted by the optical sensors at waste sorting facilities.

Henkel has partnered with its supplier Ampacet, a global masterbatch producer, to implement a solution for fully recyclable black plastic packaging. The new packaging material is based on an alternative, carbon-free black colour, allowing used bottles to be returned to the value chain.

Polymers Petrochemicals LDPE Bioplastic

-Prym Fashion unveils eco-friendly clothing snaps made from plants and recycled bottles

The fashion industry is well-known for wasteful practices in manufacturing, including excessive water consumption and chemical run-off.

The fast fashion trend has lead to massive amounts of clothing waste that are not worthy of donating or recycling.

In many cases, sourcing materials is a matter of finding what is cheap regardless of the effect on the planet. However, Prym Fashion takes materials seriously with a laser focus on every detail, right down to the snap on your favorite shirt.Polymers Petrochemicals LDPE Bioplastic 

Polymers Petrochemicals LDPE Bioplastic

Packaging Petrochemical Thermoplastics Prices

Packaging Petrochemical Thermoplastics Prices

Packaging Petrochemical Thermoplastics Prices

Polyestertime Polymers Petrochemical Polyester Prices

ITEM24/06/201901/07/2019+/-
Bottle grade PET chips domestic market7,425 yuan/ton7,900 yuan/ton+475
Bottle grade PET chips export market955 $/ton1,010 $/ton+55
Filament grade Semidull chips domestic market7,175 yuan/ton7,900 yuan/ton+725
Filament grade Bright chips domestic market7,250 yuan/ton7,950 yuan/ton+700
Pure Terephthalic Acid PTA domestic market5,935 yuan/ton6,715 yuan/ton+780
Pure Terephthalic Acid PTA export market735 $/ton780 $/ton+45
Monoethyleneglycol MEG domestic market4,450 yuan/ton4,400 yuan/ton-50
Monoethyleneglycol MEG export market542 $/ton542 $/ton
Paraxylene PX FOB  Taiwan market826 $/ton838 $/ton+12
Paraxylene PX FOB  Korea market807 $/ton819 $/ton+12
Paraxylene PX FOB EU market727 $/ton742 $/ton+15
Polyester filament POY 150D/48F domestic market8,000 yuan/ton8,675 yuan/ton
+675
Recycled Polyester filament POY  domestic market7,600 yuan/ton8,200 yuan/ton+600
Polyester filament DTY 150D/48 F domestic market9,550 yuan/ton9,900 yuan/ton+450
Polyester filament FDY 68D24F domestic market 9,000 yuan/ton9,650 yuan/ton+650
Polyester filament FDY 150D/96F domestic market8,500 yuan/ton9,050 yuan/ton+550
Polyester staple fiber 1.4D 38mm domestic market7,880 yuan/ton8,650 yuan/ton+770
Caprolactam CPL domestic market12,000 yuan/ton12,100 yuan/ton
+100
Caprolactam CPL overseas  market1,450 $/ton1,450 $/ton
Nylon6 chips overseas  market1,750 $/ton1,750 $/ton
Nylon6 chips conventional spinning domestic  market13,100 yuan/ton13,250 yuan/ton+150
Nylon6 chips  high speed spinning domestic  market12,600 yuan/ton12,950 yuan/ton+350
Nylon 6.6 chips domestic  market26,100 yuan/ton26,000 yuan/ton-100
Nylon6 Filament POY 86D/24F domestic  market15,200 yuan/ton15,400 yuan/ton+200
Nylon6 Filament DTY 70D/24F domestic  market17,800 yuan/ton17,900 yuan/ton+100
Nylon6 Filament FDY  70D/24F  domestic  market16,100 yuan/ton16,200 yuan/ton+100
Spandex 20D  domestic  market37,000 yuan/ton37,000 yuan/ton
Spandex 30D  domestic  market36,000 yuan/ton36,000 yuan/ton
Spandex 40D  domestic  market30,500 yuan/ton30,500 yuan/ton
Adipic Acid domestic market7,750 yuan/ton7,800 yuan/ton+50
Benzene domestic market4,870 yuan/ton4,980 yuan/ton+110
Benzene overseas  market638 $/ton630 $/ton -8
Ethylene South East market700 $/ton680 $/ton-20
Ethylene NWE  market1,054 $/ton1,002 $/ton-52
Acrylonitrile ACN  domestic market12,000 yuan/ton12,000 yuan/ton
Acrylonitrile ACN  overseas market1,800 $/ton1,700 $/ton-100
Acrylic staple fiber ASF  domestic market17,400yuan/ton15,700 yuan/ton-1,700
Viscose Staple Fiber VSF  domestic market11,300 yuan/ton11,400 yuan/ton+100
PP Powder domestic market8,450 yuan/ton8,575yuan/ton+125
Naphtha overseas market  509 $/ton515 $/ton
+6
Phenol domestic market 8,000 yuan/ton8,000 yuan/ton
PS Taiwan 5250 GPPS1,220 $/ton1,195 $/ton-25
PS Taiwan 8250 HIPS1,295 $/ton1,305 $/ton+10
LDPE CFR Far East 952 $/ton962 $/ton+10
LLDPE CFR Far East902 $/ton922 $/ton+20
LDPE   FOB Middle East939 $/ton949 $/ton+10
LLDPE FOB Middle East889 $/ton909 $/ton9+20
HDPE CFR Far East939 $/ton959 $/ton+20
LDPE FD Northwest Europe 1,063 €/ton1,053 €/ton-10
LLDPE FD Northwest Europe 1,053 €/ton1,049 €/ton-4
Homopolymer PP CFR Far East1,000 $/ton1,000 $/ton   –
Homopolymer PP FD NWE1,181 €/ton1,181 €/ton

Packaging Petrochemical Thermoplastics Prices Packaging Petrochemical Thermoplastics Prices  Packaging Petrochemical Thermoplastics Prices

Polymers Petrochemicals BOPET Bioplastic 01-07-2019

Polymers Petrochemicals BOPET Bioplastic

Packaging Petrochemical Thermoplastics Prices

Polymers Petrochemicals BOPET Bioplastic

Crude Oil Prices Trend

Polymers Petrochemicals BOPET Bioplastic

-PTTGC, Alpla build plastic recycling plant

Up to 50,000 tonnes of single-use waste targeted

SET-listed PTT Global Chemical (PTTGC) is teaming up with Alpla Packaging to build a recycling plant for plastic waste in Rayong with an initial budget of 1 billion baht (1 THB = 0.0287 €).

The recycling plant is at Rayong’s Asia Industrial Estate. Construction has begun and is to be completed in the next 18 months.

President and chief executive Supattanapong Punmeechaow said PTTGC is negotiating investment details with Alpla and the agreement will be announced soon.

Polymers Petrochemicals BOPET Bioplastic

-Bioplastics and circularity: Why can’t we be friends?

The future of plastics isn’t what it used to be.

The invention of plastics in the early twentieth century promised to change the world. It did — and then some. The pliable, convenient material’s near-exponential growth has enabled modern life, but its lack of designed-in end-of-life considerations has created a global waste crisis.

At GreenBiz’s circular economy conference, Circularity 19, in Minneapolis last week, Valerie Craig, deputy to the chief scientist and vice president of impact initiatives at National Geographic Society, said on the main stage: “Plastics have undeniably changed our lives — in a lot of ways for the better — but we have created a pollution crisis of almost an unfathomable scale.”

However, flexible plastic still has a place in a circular economy that’s fighting climate change — to protect food from spoiling, or decomposing, a process that produces the potent greenhouse gas methane; to create lighter, smaller products that optimize space and reduce emissions while transporting them, Craig noted.

Bioplastics and circularity: Why can't we be friends?

-Polybutylene Terephthalate (PBT) Market 2019 to Expand at a CAGR of more than 5% by 2024: Analysis by Top Manufacturers, Product Type, Focused Application

The market for polybutylene terephthalate (PBT) is expected to grow at a CAGR of more than 5% during the forecast period of 2019 – 2024.

Rising demand for lightweight automobiles and the growing demand for PBT in electrical applications are the major factors driving the market studied.

Polymers Petrochemicals BOPET Bioplastic

-Trump urges Korean firms to invest more in the U.S.

During his first meeting with top Korean business executives in Seoul, U.S. President Donald Trump expressed his gratitude towards Korean firms and urged them to invest more.

“Hyundai, Samsung, and CJ, Doosan, and SK Group all here this morning, they are all here represented by their top people. And I really appreciate it, they have very large investments in our country, including the companies that are represented in the room. It created more than 50,000 brand new jobs in the United States.”

Polymers Petrochemicals BOPET Bioplastic

-MorningCore Technology License CEVA DSP for High Performance Wireless and Automotive Communication Platforms

CEVA-XC DSP powers MorningCore’s Software Defined Radio (SDR) chip platform targeting 4G/5G wireless terminals and cellular v2x modems

CEVA, Inc. , the leading licensor of signal processing platforms and artificial intelligence processors for smarter, connected devices, announced today that MorningCore Technology Co., Ltd, a subsidiary of China Information and Communication Technologies Group Corp (CICT), has licensed and deployed the CEVA-XC DSP in its family of software-defined radio (SDR) processors and platforms targeting high performance 4G/5G wireless and cellular vehicle-to-everything (C-V2X) applications. Polymers Petrochemicals BOPET Bioplastic 

Polymers Petrochemicals BOPET Bioplastic

-Lenzing to Build Thai Plant

€400 million investment is first expansion phase of a €1 billion growth plan

The Lenzing Group is substantially increasing its production of lyocell fibers to meet the strong demand for these products and further strengthening its position as an industry leader in specialty fibers.

Over the next years, it plans to invest more than €1 billion in new production facilities for lyocell fibers.

The first expansion phase of this ambitious growth plan, the construction of a state-of-the art lyocell fiber production plant in Prachinburi (Thailand), has now been approved.

The plant will have a capacity of 100,000 tons and feature investments of approximately €400 million.

Polymers Petrochemicals BOPET Bioplastic

-Uster launches Q-Bar 2 and Fabriq Expert at ITMA 2019

Uster is launching the Uster Q-Bar 2 and Uster Fabriq Expert for fabric manufacturers at ITMA 2019, in hall 6, booth D201. ITMA is the trendsetting textile and garment technology platform which is being held from June 20-26, 2019, in Barcelona, Spain. Uster, from Switzerland, is the leading provider of quality management solutions from fibre to fabric.

Uster Fabriq Expert and Uster Q-Bar 2 aim to support textile mills in guaranteeing the delivery of the desired roll quality, using the best technology available for monitoring and improving production at the earliest-possible stage.

Polymers Petrochemicals BOPET Bioplastic

-Carbios gets green light for second US patent for its plastic recycling technology

“Demand for technology that facilitates a circular economy is growing rapidly and we are at the forefront of providing global players an efficient alternative that protects the environment.”

US green chemistry company Carbios has announced that the United States Patent and Trademark Office (USPTO) has issued a Notice of Allowance for an additional U.S. patent for its proprietary process of recycling PET plastic waste.

The patent application recognises Carbios for its invention of a proprietary method of recycling complex plastics, including coloured, opaque, and multi-layer products containing a mix of PET and at least one additional component.

Carbios gets green light for second US patent for its plastic recycling technology  “Demand for technology that facilitates a circular economy is growing rapidly and we are

-Innovation leads the way at ITMA 2019

Themed ‘Innovating the World of Textiles’, the 18th edition of ITMA concluded successfully in Barcelona, Spain recently. Many new technologies were launched, ranging from 3D weaving and knitting to hi-tech nonwovens processes, sustainable chemicals and state-of-the-art garment-making technologies, and wide range of software-powered automation solutions.

ITMA, the world’s most established textile and garment technology exhibition, featured technologies including those that leverage the Internet of Things (IoT) by 1717 exhibitors from 45 countries, according to a press release by ITMA.

Innovation leads the way at ITMA 2019

-OPEC and Russia Seek to Support the Price of Oil

Oil ministers meeting this coming week are expected to continue an agreement to reduce production.

The Organization of the Petroleum Exporting Countries doesn’t stir as much fear in oil markets it once did, but it still has the power to shake up oil prices.

On Monday, officials from OPEC and other oil producers including Russia will begin two days of meetings in Vienna.

OPEC and Russia Seek to Support the Price of Oil

Polymers Petrochemicals BioPET Bioplastic 29-06-2019

Polymers Petrochemicals BioPET Bioplastic

-Vietnam, Poland boast substantial potential for cooperation: workshop

There is still big room for Vietnam and Poland to expand their trade and investment cooperation, heard a workshop in Ho Chi Minh City on June 28.

Phan Thiet Hoa, Director of the Investment and Trade Promotion Centre of HCM City (ITPC), said trade between Vietnam and Poland reached nearly 1.6 billion USD in 2018, up 60 percent year-on-year, of which Vietnam’s exports to the Central European country was close to 1.33 billion USD, a rise of 72 percent.

Vietnam’s major exports to Poland are seafood, garment-textiles, plastics products, cereals, coffee and footwear, he added. Polymers Petrochemicals BioPET Bioplastic

Polymers Petrochemicals BioPET Bioplastic

-BASF to reduce workforce by 6,000 in cost saving programme

BASF is to reduce its headcount by nearly 5% until the end of 2021, or 6,000 employees, the German chemicals major said on Thursday.

“As a result, the company expects savings of €300m, as part of the ongoing excellence program,” it said.

BASF employs globally around 122,000 workers.

It did not say how the reduction in headcount would be distributed by regions.

It did not clarify either whether the reduction in headcount would be undertaken via a redundancy programme or early retirements.

The company said it expects its ongoing cost savings programme, of which this is part, to contribute €2bn/year to earnings from the end of 2021 onwards.

Polymers Petrochemicals BioPET Bioplastic

-Uster shows new features of Uster Tester 6 at ITMA

Uster is displaying two new features of the Uster Tester 6 and total mill optimisation through the Quality Management Platform at ITMA 2019, in hall 6, booth D201. The leading textile and garment technology exhibition is being held from June 20-26, 2019, at Barcelona, Spain. Uster is the leading provider of quality management solutions from fibre to fabric.

The new feature includes the facility for measuring conductive yarn through the Frequent Occurrences (FO) feature of Uster Tester 6, and the high-speed assessment of twist and twist variation as part of a single yarn testing routine. Polymers Petrochemicals BioPET Bioplastic

Polymers Petrochemicals BioPET Bioplastic

-Domo presenting PA polymers at AeroCar

With a focus on the use of composites and new materials in the aeronautic and automotive sectors, Domo Engineering Plastics is presenting its portfolio of ECONAMID polyamide polymers based on valuable post-production feedstock at the AeroCar Final Event in Spain.

Polymers Petrochemicals BioPET Bioplastic

-US Will Sanction Any Countries That Import Iranian Oil: Special Envoy

The United States will sanction any country that imports Iranian oil and there are no exemptions in place, the U.S. special envoy for Iran said on Friday.

U.S. President Donald Trump targeted Iranian Supreme Leader Ayatollah Ali Khamenei and other top Iranian officials with sanctions on Monday, taking an unprecedented step to increase pressure on Iran after Tehran’s downing of an unmanned American drone last week.

Polymers Petrochemicals BioPET Bioplastic

-PepsiCo Announces 100% Recycled Plastic LIFEWTR Packaging, Elimination of Bubly Plastic Bottles

PepsiCo, Inc. has announced that LIFEWTR will be packaged in 100% rPET (recycled polyethylene terephthalate), and bubly will no longer be packaged in plastic.

The company’s AQUAFINA water brand will also offer aluminum can packaging in U.S. food service outlets, while the brand tests the move in retail.

The changes, which all go into effect next year, are expected to eliminate more than 8,000 metric tons of virgin plastic and approximately 11,000 metric tons of greenhouse gas emissions, representing the latest ambitious steps in the company’s sustainability journey and pursuit of a circular economy for plastics.

Polymers Petrochemicals BioPET Bioplastic

-U.S. Polyester Textured Yarn Producers Applaud U.S. Department Of Commerce’s Affirmative Preliminary Antidumping Duty Determinations On Imports Of Polyester Textured Yarn From China And India

On June 26, 2019, the U.S. Department of Commerce (“Commerce Department”) announced affirmative preliminary determinations that imports of polyester textured yarn from China and India are being unfairly sold below their fair value in the United States at significant double-digit margins, as follows.

Polymers Petrochemicals BioPET Bioplastic

-SABIC LAUNCHES SUSTAINABLE DEVELOPMENT GOALS ROADMAP

SABIC a global leader in the chemical industry has today launched its Sustainability Roadmap aligned to the United Nations Sustainable Development Goals (SDGs), outlining ambitious targets relating to resource efficiency, climate change, the circular economy, food security, sustainable infrastructure, and preservation of the environment.

SABIC LAUNCHES SUSTAINABLE DEVELOPMENT GOALS ROADMAP

Polymers Petrochemicals BioPET Bioplastic 28-06-2019

Polymers Petrochemicals BioPET Bioplastic

China – Polyethylene Terephthalate

PET and its chain continue to be in health ,always with exception of MEG.

Crude oil  is strong.

Polyamide 6 and its chain are steady.

Acrylonitrile is steady.

PET Bottle grade export 940/985 $/ton PET Bottle grade domestic market 7,600/7,700 yuan/ton PET Filament grade SD domestic market 7,500/7,650 yuan/ton – PET Filament grade BR domestic market 7,600/7,700 yuan/ton

PTA Taiwan 740/750 $/ton PTA domestic market 6,250/6,350 yuan/tonMEG  525/535 $/ton – MEG domestic market 4,300/4,400 yuan/tonPX Korea 815/830 $/ton

Polyester POY 150D/48F  domestic market 8,400/8,500  yuan/tonPolyester DTY 150D/48F  domestic market 9,850/9,950  yuan/tonPolyester Staple PSF domestic market8,300/8,400 yuan/ton

Polymers Petrochemicals BioPET Bioplastic

Crude Oil Prices Trend

Polymers Petrochemicals BioPET Bioplastic

-PETRONAS Deal for Plastic Energy’s Chemical Recycling Tech in Malaysia

PETRONAS Chemicals Group has signed a MoU with PLASTIC ENERGY, a UK based chemical recycling company, to collaborate in addressing plastic waste that cannot be recycled by conventional means in Malaysia.

The petrochemical arm of Malaysian oil and gas firm PETRONAS – PETRONAS Chemicals Group (PCG) – has signed a Memorandum of Understanding (MoU) with PLASTIC ENERGY Ltd, a UK based chemical recycling company, to collaborate in addressing plastic waste that cannot be recycled by conventional means in Malaysia.

The two firms will jointly perform a feasibility study to establish a facility to convert plastic waste into TACOIL, PLASTIC ENERGY’s feedstock which it said it can use to create virgin-quality plastics from low quality, recycled mixed plastic waste otherwise destined for incineration or landfill.

Polymers Petrochemicals BioPET Bioplastic

-Linear Low Density Polyethylene (LLDPE) prices witness a rise in Asia

This week, LLDPE prices climbed higher in Asia.

The price rise, was a result of, stronger upstream energy costs, higher import offers from overseas suppliers and gains recorded, in the LLDPE futures, on the Dalian Commodity Exchange in China.

In Far East Asia, prices of LLDPE were assessed higher at the USD 905/mt CFR levels, a rise of USD 10/mt from the previous week.

In South East Asia, prices of LLDPE were assessed at the USD 950/mt CFR levels, a week on week gain of USD 15/mt. Polymers Petrochemicals BioPET Bioplastic

Polymers Petrochemicals BioPET Bioplastic

-North American PE, PP prices down in June, PVC on the rise

Major commodity resins polyethylene and polypropylene saw prices fall in North America in June, while regional prices for PVC resin made a surprising upward move.

North American prices for all grades of high, low and linear low density PE declined by an average of 3 cents per pound in June.

Prices had been flat in May after suppliers pushed through a 3 cent hike in April. That hike was half of a 6 cent increase they had been seeking. Polymers Petrochemicals BioPET Bioplastic

Polymers Petrochemicals BioPET Bioplastic

-Habasit shows latest textile industry solutions at ITMA

Habasit displayed its latest innovation of proven solutions for the textile industry at ITMA. The international textile and garment technology exhibition was held from June 20-26, 2019, in Barcelona, Spain. Habasit is a manufacturer of timing and conveyor belts, fabric-based belts, plastic modular belts, and power transmission belts.

Visitors explored Habasit’s comprehensive portfolio of textile industry solutions, ranging from its new, patented ‘smart’ printing blanket to belts for yarn processing and nonwoven materials manufacture.

Polymers Petrochemicals BioPET Bioplastic

-New PP plant slated for Southeast Asia

Leading Southeast Asia polypropylene producer, HMC Polymers plans to construct a fourth polypropylene (PP) plant at its Map Ta Phut site, Rayong Province Thailand, bringing HMC’s total PP production capacity to over 1 million tonnes annually and maintaining position as Southeast Asia’s largest PP producer. The new plant will be based on advanced Spherizone technology and have a capacity of 220,000 tonnes/yr.

“HMC will continue our mission to push the boundaries of Polypropylene product performance” stated President, Martyn Tickner.Polymers Petrochemicals BioPET Bioplastic

Polymers Petrochemicals BioPET Bioplastic

-Eurecat shows Blackbelt 3D textile printer at ITMA 2019

Eurecat, the industrial technology provider of Catalonia that offers business services applied R&D, technology services, and technology consulting, showed its new Blackbelt 3D textile printer at the recently held 18th edition of ITMA 2019 exhibition.

ITMA is the trendsetting textile and garment technology platform for effective solutions and partnerships.

The innovative adaptation of the Blackbelt 3D textile printer is distributed in Spain by the Uniqo Custom Engineering company.

Polymers Petrochemicals BioPET Bioplastic

-Next on the menu, microplastics

Plastics. Whether you are indifferent or hate it, you and the rest of the population on average are consuming five grams of microplastics a week, according to a new study.

That’s equivalent to ingesting a credit card.

Commissioned by World Wide Fund for Nature (WWF) the study titled ‘No Plastic in Nature: Assessing Plastic Ingestion from Nature to People’ was led by Australia’s University of Newcastle micro plastics research team.

The study collated 50 international research papers, with an attempt to accurately calculate the ingestion rates of microplastics. From what the study calls “conservative assumptions”, the findings suggest that we consume 2,000 microplastics each week.

Polymers Petrochemicals BioPET Bioplastic

-Unifi to upgrade new technology

Oerlikon’s new eAFK Evo texturing machine, which was unveiled to selected clients at the ITMA trade fair in Barcelona, has proven to be a breakthrough in the manufacture of yarns. This is evidenced by leading global yarn producer, Unifi Manufacturing, Inc., who placed a significant order for these revolutionary machines last week, the first day of the trade fair.

Unifi collaborated with Oerlikon to develop a specially-designed eAFK Evo pilot machine that has been operating for the last eight months, using it to manufacture various Unifiber virgin and REPREVE-branded recycled polyester and polyamide yarns.

Polymers Petrochemicals BioPET Bioplastic

-Abstract of Outsourcing In PET Bottles Market 2019 by Top Companies Analysis- Amcor Limited, Berry Plastics Group Inc., GTX Hanex Plastic Sp. Z O.O., Gerresheimer AG, Graham Packaging Company, Among Others.

Bottles made from polyethylene terephthalate (PET) plastic material are gaining traction globally, owing to various advantages offered by PET bottles such as lightweight, flexibility, and unbreakable.

Factors such as rising applications of PET bottles by the beverage industry in packaged water, juices, flavored water, functional water, carbonated drinks, and others are boosting growth of the global PET bottles market. Polymers Petrochemicals BioPET Bioplastic

Polymers Petrochemicals BioPET Bioplastic

-Suntory: New horizons in recycling

In Japan, most polyethylene terephthalate (PET) bottles are collected and recycled after use. According to The Council for PET Bottle Recycling, Japan’s collection rate was 92.2 percent and the country recycled 84.8 percent in fiscal 2017.

According to the council, Europe in comparison as a whole recycled 41.8 percent of plastic bottles and the U.S. 20.9 percent.

However, Suntory Holdings Ltd., a global beverage producer based in Japan, has recently announced a higher and more specific target; that is, to replace all of the PET bottles they use for their beverages with ones made of 100 percent recycled and bio-derived PET by 2030. Polymers Petrochemicals BioPET Bioplastic

Polymers Petrochemicals BioPET Bioplastic

-Russia remains main consumer of Uzbek textiles

Russia is the main consumer of textile products from Uzbekistan, according to the Uzbek State Statistics Committee. In January-May 2019, more than 38 percent (worth $250.2 million) of Uzbekistan’s textile exports were shipped to this country.

According to official data, over the past three years, exports of Uzbek textiles to China have more than doubled, from $90.9 million in January-May 2017 to $190.3 million in the same period of 2019.

Uzbek textiles

-Can Recycling Really Solve Our Waste Problem?

The recycling industry needs to modernise to achieve ambitious government targets.

By 2020 the global recycling market is projected to reach £30bn, nearly doubling in size in five years from £18bn in 2015.Yet, despite our best intentions, the true value of recyclable materials is not being realised.

Cross-contamination of plastics and dirty packaging means that over half the items going into the recycling bin aren’t recycled.

Recyclable materials are very valuable in their pure state but the cost and difficulty of separating mixed recycling make it uneconomical.

With mounting public and government pressure, something needs to change to stem the tide of used packaging and products ending up in a landfill.

Can Recycling Really Solve Our Waste Problem?

Polymers Petrochemicals PET Polyamide 27-06-2019

Polymers Petrochemicals PET Polyamide

China – Polyethylene Terephthalate

PET and its chain gain ground with exception of MEG.

Crude oil continues to be on the roller coaster,but at the  moment is strong.

Polyamide 6 and its chain are steady, but there are signs of recovery.

Acrylonitrile is steady.

PET Bottle grade export 940/985 $/ton PET Bottle grade domestic market 7,600/7,700 yuan/ton PET Filament grade SD domestic market 7,450/7,600 yuan/ton – PET Filament grade BR domestic market 7,550/7,650 yuan/ton

PTA Taiwan 740/750 $/ton PTA domestic market 6,200/6,300 yuan/tonMEG  530/540 $/ton – MEG domestic market 4,400/4,500 yuan/tonPX Korea 810/825 $/ton

Polyester POY 150D/48F  domestic market 8,250/8,350  yuan/tonPolyester DTY 150D/48F  domestic market 9,750/9,850  yuan/tonPolyester Staple PSF domestic market8,250/8,350 yuan/ton

Polymers Petrochemicals PET Polyamide

-Gary Shilling, an economist and financial analyst who is credited with predicting several recessions over the past 40 years, thinks the U.S. is in a relatively mild slump

  • Recent data shows slight downturn in the American economy
  • Consumer confidence index dropped 9.8 points to a reading of 121.5 this month
  • Sales of single-family homes unexpectedly fell for a second straight month
  • Analysts say markets are worried by escalation in trade tensions with China

The well known economist who accurately predicted the housing crisis of 2008 says that America is in a recession, albeit a mild one.

Gary Shilling, the economist and financial analyst, thinks the United States is in the midst of a slight downturn.

‘I think we’re probably already in a recession but I think it will probably be a run-of-the-mill affair, which means real GDP would decline 1.5 per cent to 2 per cent, not the 3.5 per cent to 4 per cent you had in the very serious recessions,’ said Shilling, who is president of A. Shilling & Co.

Polymers Petrochemicals PET Polyamide

Crude Oil Prices Trend

Polymers Petrochemicals PET Polyamide

-Making “green” graphene from gum trees could cut production costs by 200 times

he wonderful potential of graphene has been well covered on our pages, with its supreme strength, ultra-thin profile, and excellent electrical and thermal conductivity opening up all kinds of possibilities.

One thing missing from all of this is a cost-effective way to produce it, but a team of researchers now believe they may have discovered a key to this hiding in the bark of Australian eucalyptus trees.

Polymers Petrochemicals PET Polyamide

-Graphene: what is it good for?

Once regarded as a wonder material for the future, graphene is now finding numerous commercial applications in the hands of innovative companies. We take a whistle-stop tour of everyday items with a twist of graphene.

Graphene was originally identified for use as a transistor in computing, but as researchers catalogued its properties, it became clear that it could be used for many other applications.

Graphene is strong, light, thin and flexible. It is the thinnest substance capable of conducting electricity, is an efficient thermal conductor and is optically transparent.

In a functionalised form (i.e. when compatible chemical groups are added to the material surface to disperse the graphene) it is used with carbon fibre and composite products to strengthen and reduce the weight of sports equipment. In protective helmets, graphene-enhanced composites increase the strength to weight ratio to improve impact resistance.

Polymers Petrochemicals PET Polyamide

-From sixty litres to five millilitres with sustainable Industry 4.0

Not surprisingly, it has been in the field of the dyeing and finishing of both fabrics and garments that the biggest gains in resource savings have been made since the last ITMA in Milan in 2015.

The industry’s achievements in this area were underlined at the press conference held by ACIMIT, the Italian textile machinery association on the second day of ITMA 2019.

Italy is the biggest country exhibitor at the exhibition, with 360 companies here in Barcelona.

Italian trade commissioner for Spain Cecilia Olivia outlined the success of the country’s textile machinery exports which amounted to over €2 billion or 83% of total sales of €2.4 billion in 2018, with dyeing and finishing technology the biggest sector.

Polymers Petrochemicals PET Polyamide

-Erema executives win European Inventor Award 2019

European Patent Office  Polymers Petrochemicals PET Polyamide

Manfred Hackl, left, and Klaus Feichtinger’s Counter Current technology for Erema improves the recycling process.

The European Patent Office has honored Klaus Feichtinger and Manfred Hackl of Erema Group GmbH for their innovative technology for high-performance plastic recycling.

The European Inventor Award 2019, held June 20 in Vienna, recognized the duo’s “efficient and high-quality plastic recycling technology,” EPO said in a statement.

“Feichtinger and Hackl have developed new technology capable of efficiently sorting and separating plastics, meaning less waste and more new plastics available for production.

Erema executives win European Inventor Award 2019

-Stepped up cooperation between borealis and Erema for plastics recyclability

Boealis and the EREMA Group have signed a Letter of Intent (LOI) for the purpose of deepening their cooperation in the field of mechanical recycling.

The shared goal is to advance mechanical recycling technologies in order to accelerate the transition to a circular economy of plastics. The companies also aim to enhance recycling processes in order to satisfy increasing market demand for higher-quality recyclate used in high-end applications.

Leveraging respective areas of expertise to accelerate technology development

Polymers Petrochemicals PET Polyamide

-Borealis presents new recycling technology and improved recyclate

Borealis has announced the introduction of a new plastics recycling technology, Borcycle™. This evolving technology will be used to produce high-quality compounds made of recycled polyolefins (rPO) such as the newly-launched Borcycle™ MF1981SY, an rPO with over 80% recycled content intended for use in visible appliance parts.

Borealis also announces a series of significant material improvements to existing recyclates in the established Purpolen™ brand portfolio. These market launches and product improvements are important technology advancements and thus accelerate the transformation to a circular economy of plastics. Borealis and its wholly-owned subsidiary, mtm plastics, will showcase the new Borcycle technology and recyclate innovations at the K 2019 in October. Polymers Petrochemicals PET Polyamide

Borealis presents new recycling technology and improved recyclate

Borealis presents new recycling technology and improved recyclate

-Are you ready for the single use plastics ban in 2020?

How is the ban on single-use plastics affecting your business? With the European Directive on single use plastics now officially published, member states have up to two years to implement the changes outlined. Despite plans to leave the EU, the UK has pledged to honour the single-use plastics directive and has already introduced a ban on certain single-use plastic items which include plastic straws, drinks stirrers and cotton buds in England from 2020 in a bid to limit the amount of plastic pollution.

The promotions industry is a sector that is plastics-heavy, and this is something we as an industry need to tackle together.

Polymers Petrochemicals PET Polyamide

-Plastic Pact looks to tackle PVC packaging

Signatories to the UK Plastics Pact are to being encouraged to eliminate eight ‘hard to recycle’ plastic packaging materials from their product ranges by the end of 2020, including PVC packaging.

Pact members will be encouraged to remove PVC packaging “as fast as possible” and by the end of 2020 wherever this is viable.

PVC is commonly found in meat trays

PVC is seen as problematic for recyclers as it is not easily recyclable alongside other packaging polymers and it also contaminates plastic which could otherwise be recycled such as PET or HDPE.

Plastic Pact looks to tackle PVC packaging

-Circular economy with Engel at K 2019

Circular Economy is one of the focus topics at K 2019 and also the “green thread” running through injection moulding machine manufacturer and system solutions provider ENGEL’s trade fair appearance.

Dr. Stefan Engleder, the CEO of the ENGEL Group, emphasises the huge importance of this topic in the run-up to the trade fair as follows: “It is my personal concern to contribute to establishing a circular economy for the plastics industry, which bears a global responsibility that can only be met by companies working together.

Circular economy with Engel at K 2019

-Borouge feeling the heat from US polymers producers – exec

Polyolefins producer Bourouge is starting to feel the heat from US competitors sending material to Asia, causing ups and downs in prices which the Abu Dhabi producer is trying to weather, an executive at the joint venture said on Tuesday.

BorougeMichael Pell, senior vice president for marketing at Borouge, conceded US producers are in “push mode” trying to aggressively place their product in Asian markets.

Borouge is an Abu Dhabi-based joint venture between the emirate’s crude oil major ADNOC (60% stake) and Austria’s polyolefins and fertilizers producer Borealis (40%).

Borouge feeling the heat from US polymers producers - exec

-Middle East base oils likely to remain depressed through H2 2019

The Middle East base oils market has experienced a depressing first half of 2019 with more pessimism expected in the second half as geopolitical tensions continue to simmer, threatening trade flows in the region.

Part of the jittery environment in early 2018 was blamed on renewed US economic sanctions against the region’s key Group I producer Iran, as well as the deteriorating trade relations between the US and China.

In May, tensions ratcheted up further when the US announced it was not renewing waivers on sanctions against Iran.Polymers Petrochemicals PET Polyamide

Middle East base oils likely to remain depressed through H2 2019

-Asia’s economic performance under geopolitical threat – expert

Asia is seeing a convergence of geoeconomic and geopolitical risks which pose a serious threat to growth in the region, said an expert in international affairs on Wednesday.

Per capita income growth in Asia is currently high and relatively consistent, with the region representing more than 60% of world growth, said Jonathan Berkshire Miller, international affairs fellow at the Council on Foreign Relations, speaking at the 13th ICIS Asian Base Oils & Lubricants Conference.

Growth is projected at 5.4% in 2019, after 5.6% in 2018, but at these levels are still substantially below those in the United States and Europe, he noted.

-Asia’s economic performance under geopolitical threat

Polymers Petrochemicals Recycling Polyamide 26-06-2019

Polymers Petrochemicals Recycling Polyamide

China – Polyethylene Terephthalate

PET and its chain, also today, continue to be on health.

Crude oil continues to be on the roller coaster.

Polyamide 6 and its chain are steady.

Acrylonitrile continues to be highly weak.

PET Bottle grade export 930/970 $/ton PET Bottle grade domestic market 7,500/7,600 yuan/ton PET Filament grade SD domestic market 7,300/7,450 yuan/ton – PET Filament grade BR domestic market 7,400/7,500 yuan/ton

PTA Taiwan 740/750 $/ton PTA domestic market 6,100/6,200 yuan/tonMEG  535/545 $/ton – MEG domestic market 4,400/4,500 yuan/tonPX Korea 810/825 $/ton

Polyester POY 150D/48F  domestic market 8,000/8,100  yuan/tonPolyester DTY 150D/48F  domestic market 9,500/9,600  yuan/tonPolyester Staple PSF domestic market 7,950/8,050 yuan/ton

Polymers Petrochemicals Recycling Polyamide

Crude Oil Prices Trend

Polymers Petrochemicals Recycling Polyamide

-Why The Polyester Filament Yarn Market Is Set To explode? Top Companies | Tongkun Group, Reliance, Zhejiang Hengyi Group, Shenghong, Xin Feng Ming Group, Hengli Group

The Polyester Filament Yarn study sheds light on industry profiles across several countries and regions.

The extensive document is a rich source of information on market size, share and growth rate.

The industry profiles discussed in the Polyester Filament Yarn report further identifies market segmentation, profit, and competitive landscape and offers forecast information on industry performance and trends for the period, 2019 to 2026.

The detailed report offers comprehensive analyses about a particular market situation within a geographic region

Polymers Petrochemicals Recycling Polyamide

-US-Iran Tension Shifted US Crude Oil’s Forward Curve

Forward curve

As of June 24, the US crude oil futures contracts between August and September are priced in ascending order.

After September, US crude oil active futures are priced in descending order for the next year. Rising tension in the Middle East has increased the demand for front-month futures contracts.

The change in the price pattern is a positive sign for ETFs that follow US crude oil futures including the ProShares Ultra Bloomberg Crude Oil ETF (UCO) and the United States 12 Month Oil ETF (USL). Polymers Petrochemicals Recycling Polyamide

US-Iran Tension Shifted US Crude Oil’s Forward Curve

-PET Biomass Films Market is driven by Advancement in the bio refining technology

Biomass plastic is a plant-based raw material and can be utilized as sustainably as is allows a reduction in the use of fossil fuels.

Polyethylene terephthalate (PET) is a material used for developing various types of flexible packaging.

It is considered as the environmentally friendly material that aids in minimizing carbon dioxide emissions.

Thus, with the development in the PET biomass films, it has become possible for manufacturers to provide biomass-based packaging material in all the areas of flexible packaging.

Polymers Petrochemicals Recycling Polyamide

-Weekly resin report: Trading picks up marginally, as prices continue to soften

Although spot resin trading improved compared with the last couple of weeks and completed volumes were almost average, activity still fell short, according to the PlasticsExchange (Chicago).

This has been the first extended quiet trading period since December, said the resin clearinghouse in its Market Update.

Spot resin availability is good, with most commodity grades ready to ship at favorable prices.

Polyethylene (PE) and polypropylene (PP) prices both remained pressured and ceded $0.005 to 0.01/lb last week, but the quick, nearly 10% upward spike in oil prices reminded market participants that this is a global market and can be vulnerable.

Polymers Petrochemicals Recycling Polyamide

-Trump-approved economic sanctions against Iran hurt average Iranians

Tensions between the United States and Iran have reached their highest levels in decades after President Trump nearly called for a military strike against Iran last week. On Monday, the president signed off on new sanctions against the country. As the U.S. piles sanction after sanction on Iran, it’s the average person who feels it the most.

From a subway performer’s battered leather hat devoid of tips, to a bride-to-be’s empty purse, the lack of cash from the economic pressure facing Iran’s 80 million people can be seen everywhere. Many blame Mr. Trump and his maximalist policy on Iran, which has seen him pull out of Tehran’s 2015 nuclear deal with world powers and levy punishing U.S. sanctions on the country. Polymers Petrochemicals Recycling Polyamide

Trump-approved economic sanctions against Iran hurt average Iranians

-Plastipak invests in PET chemical recycling project

Plymouth-based company strikes deal with Italian company

PET chemical recycling process to be brought to market globally

Plans are to build a new processing facility in Italy

Plastipak Holdings Inc. is striking a new deal with an Italian company to bring a PET chemical recycling process to market globally.

The Plymouth-based company is already known for its mechanical recycling efforts and handles more than 20 billion bottles annually at four locations in the United States and Europe.

Plastipak invests in PET chemical recycling project

-The newly engineered enzyme helps turn plant waste into sustainable products

One of the most important steps in the conversion of plant waste into sustainable and high-value products.

An international team of researchers has engineered a new family of enzymes that could pave the way towards the conversion of plant waste into high-demand sustainable products, including nylon, chemicals, and plastics.

The newly engineered enzyme helps turn plant waste into sustainable products

-Japan’s Suntory joins rival Coca Cola to push Vietnam on plastic recycling

Japanese beverage giant Suntory Holdings said it would work with rival Coca-Cola as well as Nestle to push the government in Vietnam, among the biggest contributors to plastic waste in the ocean, to create a large-scale recycling system.

The alliance comes amid growing global outrage over such pollution, with the European Union voting to outlaw some single-use plastic items such as straws. Japan plans to discuss the issue at the G20 summit it hosts this month.

Japan’s Suntory joins rival Coca Cola

-New process turns carbon dixoide into eco-plastics

Scientists have developed a means by which they can manipulate bacteria to generate biofuel and degradable bioplastics by utilizing airborne carbon dioxide, water vapor, and nitrogen, via a light-initiated biochemical reaction

New process turns carbon dixoide into eco-plastics

Scientists have developed a means by which they can manipulate bacteria to generate biofuel and degradable bioplastics by utilizing airborne carbon dioxide, water vapor, and nitrogen, via a light-initiated biochemical reaction

The research, which has been undertaken by the University of Colorado at Boulder, holds the promise of tackling climate change via lowering carbon dioxide levels and generating carbon neutral products through one process.Polymers Petrochemicals Recycling Polyamide

process turns carbon dixoide into eco-plastics

-Saudi Aramco Says It’s Ready For Strait Of Hormuz Disruption

Aramco is ready to continue shipping crude oil even if maritime transport through the Strait of Hormuz is disrupted, its chief executive told Bloomberg in an interview.

“We are increasing our readiness. We can supply through the Red Sea and we have the necessary pipelines and terminals,” Amin Nasser said as fear about a possible closure of the world’s largest oil chokepoint abound in the wake of the two tanker attacks in the Gulf of Oman earlier this month.

Saudi Aramco Says It's Ready For Strait Of Hormuz Disruption

Polymers Petrochemicals Recycling Bioplastic 25-06-2019

Polymers Petrochemicals Recycling Bioplastic

China – Polyethylene Terephthalate

PET and its chain, also today, continue to gain ground.

Crude oil continues to rise strong.

Polyamide 6 and its chain are steady.

PET Bottle grade export 920/955 $/ton PET Bottle grade domestic market 7,400/7,500 yuan/ton PET Filament grade SD domestic market 7,100/7,250 yuan/ton – PET Filament grade BR domestic market 7,200/7,300 yuan/ton

PTA Taiwan 740/750 $/ton PTA domestic market 5,900/6,000 yuan/tonMEG  535/545 $/ton – MEG domestic market 4,400/4,500 yuan/tonPX Korea 810/825 $/ton

Polyester POY 150D/48F  domestic market 7,950/8,050  yuan/tonPolyester DTY 150D/48F  domestic market 9,500/9,600  yuan/tonPolyester Staple PSF domestic market 7,850/7,950 yuan/ton

Polymers Petrochemicals Recycling Bioplastic

North American PP prices up in May, PET bottle resin prices fall

North American prices for polypropylene and PET bottle resin moved in different directions in May, while prices for other commodity resins were flat.

Regional PP prices increased an average of 4 cents per pound in May after having been flat in April. The increase followed a similar rise for polymer-grade propylene monomer, which is used to make PP resin.

Prior to April, PP prices had dipped 3 cents in March. The March decline was the fifth consecutive monthly price drop for North American PP, with those declines totaling 24.5 cents.

Polymers Petrochemicals Recycling Bioplastic

Crude Oil Prices Trend

Crude Oil Prices Trend

-New international conference on cellulose fibres – presenting the fastest growing fibre group in textiles, the largest investment sector in the bio-based economy and the solution for avoiding microplastics

Cellulose fibres are a success story within the textiles market with a cumulated annual growth rate (CAGR) of at least 10% over the last ten years. This makes them the fastest growing fibre group in the textile industry and also the largest investment sector in the bio-based economy worldwide. The high growth rates are driven by the demand for natural fibres (and bottlenecks in cotton), the microplastic problem and possible bans for plastic fibres. All three drivers will continue to play a significant role in the future development of the sector. Polymers Petrochemicals Recycling Bioplastic 

New international conference on cellulose fibres

-Unifi and Oerlikon display new texturing machine at ITMA

Unifi and provider of global surface solutions and technologies, Oerlikon, are displaying the new eAFK Evo texturing machine at ITMA 2019 exhibition. The leading textile and garment technology expo is being held from June 20-26, 2019, at Barcelona, Spain. Unifi is a leading innovator in manufacturing synthetic virgin and recycled performance fibres.

Oerlikon’s new eAFK Evo texturing machine has proven to be a breakthrough in the manufacture of yarns. This is evidenced by leading global yarn producer, Unifi, who has placed a significant order for these revolutionary machines yesterday, the first day of the trade fair.Polymers Petrochemicals Recycling Bioplastic 

Unifi and Oerlikon display new texturing machine at ITMA Unifi and provider of global surface solutions and technolog

-Oil prices slip on demand fears, Mideast tensions ease

Oil prices edged lower on Monday as crude demand concerns resurfaced and the possibility of an imminent conflict between the United States and Iran faded.

Oil prices slip on demand fears, Mideast tensions ease

-Kemira to participate in the development of 100% bio-based chemicals for paper and cardboard production as part of an EU funded project

Kemira has joined a four-year EU funded project which aims to develop 100% bio-based chemicals, produced from renewable raw materials. In addition, the project aims to develop new means to improve production efficiency at pulp mills with higher utilization of wood biomass.

The project which was kicked-off in May 2019, has received EUR 5.9 million funding from the Bio Based Industries Joint Undertaking (BBI JU), under the European Union’s Horizon 2020 research and innovation program. The total budget of the project is EUR 9.6 million and it is one of several undertakings aimed at developing a sustainable bio-based industry sector in Europe.

Kemira to participate in the development of 100% bio-based chemicals

-Coca‑Cola HBC to use recycled plastic bottles for Swiss water brand

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Coca-Cola Hellenic Bottling Company (HBC) Switzerland has announced that bottles for its local water brand, Valser, will now be made using recycled PET (rPET) plastic.

Aligned with its ‘World Without Waste’ initiative, devised with its partner, The Coca‑Cola Company, the alteration comes as part of Coca‑Cola HBC’s efforts to use more sustainable packaging options.

Coca‑Cola HBC

-Chevron Phillips Chemical, Qatar Petroleum in 1.9m tonne Qatar cracker/1.7m tonne PE plan

Chevron Phillips Chemical and Qatar Petroleum have agreed to build a 1.9m tonne/year ethane cracker and 1.68m tonne/year high density polyethylene (HDPE) project at Ras Laffan Industrial City in Qatar, the companies said on Monday.

The project agreement documents were signed earlier in the day in Doha.

Qatar Petroleum will own a 70% majority share of the joint venture and Chevron Phillips Chemical will own the remaining 30%, the companies said.

Chevron Phillips Chemical, Qatar Petroleum

-Europe cracker margins fall as naphtha, LPG rise on US-Iran tensions

European cracker margins have fallen on the back of a rise in upstream values due to US-Iran tensions, ICIS margin analysis showed on Monday.

In the week to 21 June :

– Naphtha values rose by 7%

– Liquefied petroleum gas (LPG) values rose by 12%

Europe cracker margins fall as naphtha

-Asia’s MEG supply could see limited increase in H2 2019

Asia’s monoethylene glycol (MEG) supply is expected to lengthen in the second half of 2019 after new capacities come on stream. The increase in capacity, however, may be less than previously expected, in view of weak MEG margins.

Margins for coal-based MEG have fallen significantly in 2019, raising some concerns over the financing of new MEG plants, against a backdrop of uncertain macroeconomic conditions due to the US-China trade spat.Polymers Petrochemicals Recycling Bioplastic

Asia MEG supply

-Innovations and Patents Gain Center Stage in BOPET Packaging Films Industry

BOPET Films

Numerous variations in flexible film packaging variants have been used for years with the objective of improving on the shelf life of the contents in addition enhancing the overall product appeal. BOPET films are one of these film materials that are rapidly gaining popularity for numerous packaging applications around the world.

Also known as Biaxial-oriented polythene terephthalate, this film is produced from stretching PET into thin films in a machine before cross directing these materials. Consequently, BOPET films attain superior mechanical and thermal properties, which has made it a suitable alternative to many other packaging materials.

BOPET Packaging Films Industry

-How Prada Made Its Trademark Nylon Pieces Newly Sustainable

Prada nylon bags and accessories have been a brand staple since 1984. Last September, the house even revamped Prada Linea Rosa, a nylon-heavy, hypebeast-ready diffusion line, and Frank Ocean just attended the 2019 Met gala fully decked out in Prada nylon. But today, the brand announced that they’re transforming the products into something sustainable.

Prada has partnered with the Italian textile yarn producer Aquafil to use the manufacturer’s sustainable nylon, Econyl, a fabric that can be recycled over and over again. Polymers Petrochemicals Recycling Bioplastic

Prada Econyl

Polymers Petrochemical Thermoplastics Prices

Polymers Petrochemical Thermoplastics Prices

Polymers Petrochemical Thermoplastics Prices

Polyestertime Polymers Petrochemical Polyester Prices

ITEM17/06/201924/06/2019+/-
Bottle grade PET chips domestic market7,100 yuan/ton7,425 yuan/ton+325
Bottle grade PET chips export market910 $/ton955 $/ton+45
Filament grade Semidull chips domestic market6,625 yuan/ton7,175 yuan/ton+550
Filament grade Bright chips domestic market6,700 yuan/ton7,250 yuan/ton+550
Pure Terephthalic Acid PTA domestic market5,630 yuan/ton5,935 yuan/ton+305
Pure Terephthalic Acid PTA export market725 $/ton735 $/ton+5
Monoethyleneglycol MEG domestic market4,290 yuan/ton4,450 yuan/ton+160
Monoethyleneglycol MEG export market526 $/ton542 $/ton+16
Paraxylene PX FOB  Taiwan market818 $/ton826 $/ton+8
Paraxylene PX FOB  Korea market799 $/ton807 $/ton+8
Paraxylene PX FOB EU market707 $/ton727 $/ton+20
Polyester filament POY 150D/48F domestic market7,630 yuan/ton8,000 yuan/ton
+370
Recycled Polyester filament POY  domestic market7,100 yuan/ton7,600 yuan/ton+500
Polyester filament DTY 150D/48 F domestic market9,250 yuan/ton9,550 yuan/ton+300
Polyester filament FDY 68D24F domestic market 8,550 yuan/ton9,000 yuan/ton+450
Polyester filament FDY 150D/96F domestic market8,100 yuan/ton8,500 yuan/ton+400
Polyester staple fiber 1.4D 38mm domestic market7,380 yuan/ton7,880 yuan/ton+500
Caprolactam CPL domestic market11,800  yuan/ton12,000 yuan/ton
+200
Caprolactam CPL overseas  market1,450 $/ton1,450 $/ton
Nylon6 chips overseas  market1,750 $/ton1,750 $/ton
Nylon6 chips conventional spinning domestic  market12,850 yuan/ton13,100 yuan/ton+250
Nylon6 chips  high speed spinning domestic  market12,700 yuan/ton12,600 yuan/ton-100
Nylon 6.6 chips domestic  market26,400 yuan/ton26,100 yuan/ton-300
Nylon6 Filament POY 86D/24F domestic  market15,200 yuan/ton15,200 yuan/ton
Nylon6 Filament DTY 70D/24F domestic  market18,100 yuan/ton17,800 yuan/ton-300
Nylon6 Filament FDY  70D/24F  domestic  market16,200 yuan/ton16,100 yuan/ton-100
Spandex 20D  domestic  market38,000 yuan/ton37,000 yuan/ton-1,000
Spandex 30D  domestic  market37,000 yuan/ton36,000 yuan/ton-1,000
Spandex 40D  domestic  market31,500 yuan/ton30,500 yuan/ton-1,000
Adipic Acid domestic market7,800 yuan/ton7,750 yuan/ton-50
Benzene domestic market4,730 yuan/ton4,870 yuan/ton+140
Benzene overseas  market619 $/ton638 $/ton +19
Ethylene South East market700 $/ton700 $/ton-20
Ethylene NWE  market1,059 $/ton1,054 $/ton-5
Acrylonitrile ACN  domestic market13,000 yuan/ton12,000 yuan/ton-1,000
Acrylonitrile ACN  overseas market1,900 $/ton1,800 $/ton-100
Acrylic staple fiber ASF  domestic market17,400yuan/ton17,400 yuan/ton
Viscose Staple Fiber VSF  domestic market11,100 yuan/ton11,300 yuan/ton+200
PP Powder domestic market8,250 yuan/ton8,450 yuan/ton+200
Naphtha overseas market  462 $/ton509 $/ton
+47
Phenol domestic market 8,000 yuan/ton8,000 yuan/ton
PS Taiwan 5250 GPPS1,220 $/ton1,220 $/ton
PS Taiwan 8250 HIPS1,295 $/ton1,295 $/ton
LDPE CFR Far East 962 $/ton952 $/ton-10
LLDPE CFR Far East912 $/ton902 $/ton-10
LDPE   FOB Middle East949 $/ton939 $/ton-10
LLDPE FOB Middle East899 $/ton889 $/ton9-10
HDPE CFR Far East959 $/ton939 $/ton-20
LDPE FD Northwest Europe 1,083 €/ton1,063 €/ton-20
LLDPE FD Northwest Europe 1,063 €/ton1,053 €/ton-10
Homopolymer PP CFR Far East1,010 $/ton1,000 $/ton+10
Homopolymer PP FD NWE1,191 €/ton1,181 €/ton-10

Polymers Petrochemical Thermoplastics Prices Polymers Petrochemical Thermoplastics Prices

Polymers Petrochemical Sorting Prices

Polymers Petrochemicals Recycling Sorting 24-06-2019

 

Polymers Petrochemical Thermoplastics Prices

Polymers Petrochemicals Recycling Sorting

Crude Oil Prices Trend

Polymers Petrochemicals Recycling Sorting

-Carbois granted second u.s. patent for PET plastic waste recycling

Recycling technology of CARBOIS is the first one to treat all forms of PET waste through enzymatic treatment

CARBOIS, a company developing bio-industrial solutions to reinvent the lifecycle of textile polymers and plastic, recently announced that it has received a Notice of Allowance regarding a patent for its proprietary method of recycling PET plastic waste, issued by the United States Patent and Trademark Office (USPTO).Polymers Petrochemicals Recycling Sorting

PET plastic waste recycling

-DORNIER Presents The Rapier Weaving Machine P2 At ITMA 2019

Since its development in 1967 it was known as the most flexible rapier weaving machine in the world: the P1 made by Lindauer DORNIER GmbH.

At the upcoming ITMA (20.–26.6., Barcelona) the company will present the standard variant of its successor, the P2 to the public for the first time.

It is already being hailed as a new milestone in rapier technology.

“Even more flexible, faster and more efficient – the P2 is the result of almost seven decades of expertise in developing and building rapier weaving machines”, says Thomas Laukamp, DORNIER’s Weaving Machine Predevelopment Manager.

DORNIER Presents The Rapier Weaving Machine P2 At ITMA 2019

-Scientists dissolve crude oil in water to study its composition

Researchers from MIPT, Skoltech, the Joint Institute for High Temperatures of the Russian Academy of Sciences, and Lomonosov Moscow State University have offered a new approach to oil composition analysis.

They used high temperature and pressure to dissolve oil in water and analyze its composition.

The new method is compliant with the green chemistry principle as it makes it possible to avoid using environmentally hazardous solvents.

The paper was published in the Analytical and Bioanalytical Chemistry journal.

Scientists dissolve crude oil in water to study its composition

-ACIMIT members highlight Italian textile machines at ITMA

ACIMIT member companies are displaying latest Italian textile machinery at ITMA 2019. The 18th edition of the leading textile and garment technology exhibition is being held from June 20-26, 2019, at Barcelona, Spain. ACIMIT is the Association of Italian Textile Machinery Manufacturers, representing an industrial sector, comprising around 300 manufacturers.

Visitors at the world’s primary textile machinery trade fair are being provided a first-hand look at the high quality of the technology proposals of roughly 360 exhibiting Italian machinery manufacturers. The overall surface area occupied by Italian exhibitors, nearly 30,000 square metres (fully 26 per cent of the total surface area), confirms Italy’s leading role among exhibiting nations, according to ACIMIT.

-Global polypropylene compounds market to grow at CAGR of 7.6% to cross US$28 bln by 2025

The global polypropylene (PP) compounds market size is expected to reach US$28.24 bln by 2025, at a CAGR of 7.6% , according to a report by Grand View Research, Inc. Increasing requirement for flame retardancy, heat resistance, and improved serviceability of plastics in electrical and electronics industry is expected to be the primary driver for PP compounds market growth.

In addition, regulations in western markets, such as European Union (EU) and U.S., aimed at vehicular weight reduction can further fuel demand for PP compounds in automotive industry.

Global polypropylene compounds market

-US-Iran tension: Navy to escort Indian crude tankers sailing through Strait of Hormuz

The escort is due to the recent attacks on tankers

Desh Vishal, an oil super tanker owned by the state-run Shipping Corporation of India (SCI) has become the first Indian-flagged crude carrier to allow Indian Navy personnel to board the ship while it sailed through the Strait of Hormuz — the world’s busiest transit lane for seaborne oil shipments — where two separate attacks on oil tankers recently have put crude movement from the Persian and Arabian Gulf in danger.

Hormuz strait

-Seven-Eleven Japan to wrap rice balls in bioplastics

Initiative will slash convenience store operator’s CO2 emissions by 400 tons a year

Convenience store operator Seven-Eleven Japan will switch to plant-derived bioplastic wrappers for all rice ball offerings by the end of July as consumers grow more aware of the environmental impact of using petrochemical materials.

The new material will be made partly from sugarcane fibers. The initiative will reduce the convenience store’s carbon dioxide emissions by about 403 tons a year and its plastic use by roughly 260 tons.

Seven-Eleven Japan to wrap rice balls in bioplastics

-UAW and Faurecia reach tentative contract deal at Michigan plant

Nine leading companies in the consumer goods and packaging industries joined hands to launch the coalition Packaging Recycling Organization Vietnam in HCM City on June 21.

PRO Vietnam seeks to help create to a clean, green and beautiful country by driving the circular economy and making recycling of packaging more accessible and sustainable.

The coalition marks the first time that competing businesses are collaborating in Việt Nam to collectively work on improving the environment.

UAW and Faurecia reach tentative contract deal at Michigan plant

-Sources: Chevron Phillips Chemical in bid to acquire Nova Chemicals

Chevron Phillips Chemical Company, a joint venture between Chevron Corp and Phillips 66, has offered to acquire Nova Chemicals Corp for more than $15 billion including debt, people familiar with the matter said on Thursday.

Chevron Phillips Chemical Company, a joint venture between Chevron Corp. and Phillips 66, has offered to acquire Nova Chemicals Corp. for more than $15 billion including debt, people familiar with the matter said on Thursday.

Chevron Phillips Chemical, one of the world’s top petrochemical producers, would gain scale and expand its footprint through the acquisition of Nova Chemicals, whose expandable polystyrene and resins are used in a range of industries from construction to packaging.

Sources: Chevron Phillips Chemical in bid to acquire Nova Chemicals

-The Chinese economy is “doing quite well” despite the trade war with the U.S., the head of Australia’s BHP Billiton, the world’s largest miner, told Nikkei in a recent interview.

The trade conflict has raised concerns over a global slowdown, but CEO Andrew Mackenzie said the battle between the top two economies has not hurt BHP’s businesses.

Australia's BHP Billiton

-Marzoli displays textile spinning machines at ITMA

Marzoli, a Camozzi Group company and leader in the supply of complete spinning lines, components and digitalised solutions for the best performance of the spinning process, is showing latest spinning machines at ITMA 2019, in stand H6-A201. The leading textile and garment technology exhibition is being held from June 20-26, 2019, at Barcelona, Spain.

Textile Engineering, also incorporated in the new institutional logo of Marzoli, perfectly expresses its ability to innovate and work in close contact with customers, supporting them throughout all phases of the process: from preliminary studies to plant construction, including line start-up, optimisation, management and subsequent commissioning, regardless of whether it is a single machine or complete spinning mill.

Marzoli displays textile spinning machines at ITMA

-Jeanologia presents new textile production model at ITMA

Jeanologia, the Spanish company leader in developing eco-efficient technology, is presenting the sourcing model of the future at ITMA 2019, in stand H2 C312. This innovative production process marks the beginning of a new era in the textile industry. The leading textile and garment technology exhibition is being held from June 20-26, 2019, at Barcelona.

The operational model delivers five fundamental benefits to the textile industry: it is eco-efficient, cost neutral, scalable, agile and digital; connecting design, production and consumer.

Jeanologia presents new textile production model at ITMA

Polymers Petrochemicals Textile ITMA 22-06-2019

-Workers at a Faurecia parts plant here ended a strike after nine hours when the UAW and the company announced a tentative contract agreement. 

The factory, which employs 1,900 members of UAW Local 892, supplies interior parts to Fiat Chrysler Automobiles, Ford Motor and Tesla, the union said.

Workers were told to report for the afternoon shift at 3 p.m. EDT. The UAW scheduled a town hall meeting with members in Saline, about 45 miles west of Detroit, Friday morning. Workers were told they will receive terms of the agreement on Monday and a ratification vote would take place later next week.  Polymers Petrochemicals Textile ITMA

Polymers Petrochemicals Textile ITMA

-RadiciGroup recognised for sustainability initiatives

The sustainability team of RadiciGroup has been honoured for their excellence in work by Confindustria Bergamo, the chief manufacturing and service industries association in Italy, at a recent function.

The awards were in recognition of the workers of member companies as models of excellence for their professionalism and dedication to work.

RadiciGroup recognised for sustainability initiatives

-TAITRA: “Taiwan ‘Smart’ Machinery Leads Textile Industry”

Taiwan External Trade Development Council (TAITRA)

Taiwan’s textile industry is attracting international attention. Global brands such as Nike, Adidas or Uniqlo use Taiwanese functional, 70% of the international market. According to Taiwan Association of Machinery Industry (TAMI), the export value of textile machinery from January to December 2018 was 1.02 billion US dollars, which was up nearly 1% from last year.

Seven Taiwanese textile companies with TAITRA have showcased their intelligent/smart textile machinery and innovative solutions at ITMA 2019. Here are some of the Taiwanese innovations that were presented. Polymers Petrochemicals Textile ITMA

TAITRA Taiwan Smart Machinery Leads Textile Industry

-LyondellBasell and Neste produce bio-based plastic for food packaging

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LyondellBasell and Neste have produced bio-based polypropylene and low-density polyethylene at commercial scale.

The partnership produced several thousand tonnes of the bio-based products at LyondellBasell’s Wesseling facility using Neste’s renewable hydrocarbons, which are derived from sustainable raw materials such as waste and residue oils.

The materials are marketed under Circulen and Circulen Plus, respectively, and have received approval for use in food packaging.

LyondellBasell and Neste produce bio-based plastic for food packaging

-AIMPLAS, EuPC and PCE host extrusion workshop

AIMPLAS, the Plastics Technology Centre, is organising a training course in collaboration with European Plastics Converters (EuPC) and Polymer Comply Europe (PCE) on the production of flexible semi-finished products using extrusion technologies.

The course will be held on 24 September 2019 in Brussels.

The workshop is aimed at company technical staff members interested in strengthening their knowledge of extrusion processes, control processes and technologies for the production of flexible semi-finished products.Polymers Petrochemicals Textile ITMA

AIMPLAS, EuPC and PCE host extrusion workshop

-Eurozone manufacturing output remains weak in June

Economic growth in the Eurozonehas remained subdued, reaching a seven-monthhigh despite the declining output frommanufacturers, analysts at IHS Markit said onFriday.

The flash eurozonecomposite purchasing managers’ index (PMI) roseto 52.1 in June, rising for the secondconsecutive month up from 51.8 in May and thehighest point since November.

Any growth was tempered by poor performance inthe manufacturing sector. The manufacturing PMIticked up month on month to 47.8 – stillindicating contraction – and the manufacturingPMI outlook index hit a two-month low droppingto 48.8.

Eurozone manufacturing

-Braskem’s US PP plant escapes effects of refinery fire inPhiladelphia

A refinery fire inPhiladelphia, Pennsylvania, US, has had noeffect on Braskem’s operations in the state,the Brazilian polyolefins producer said onFriday.

Braskem owns a polypropylene (PP) plant southof the refinery in Marcus Hook, Pennsylvania.It has two lines that each produce 207,000tonnes/year. A lotof the propylene for the PP lines comesfrom a splitter that Braskem bought in2012. That splitter is also in Marcus Hook.

Thefire started earlier in the day atPhiladelphia Energy Solutions. The complex hadthree separate explosions, affecting therefinery’s alkylation unit, the company said.

Alkylation units use propylene and isobutane toproduce alkylate, a high-octane blendstock.

Braskem Logo

Petkim polypropylene polyethylene Turkey 

Petkim reduced June prices of PP and LDPE in Turkey Petkim polypropylene polyethylene Turkey 

Petkim polypropylene polyethylene Turkey

MOSCOW – Turkish polymer manufacturer Petkim, the controlling shareholder of which is Azerbaijani SOCAR, lowered the prices of polypropylene (PP) and high-pressure polyethylene (LDPE) on the Turkish market on June 17, sources in the ICIS reported.

So, according to them, June PP prices were reduced by USD30 per ton, and LDPE prices – by USD20 per ton.

Petkim quotes prices on a gross basis, and they have significant discounts.

The company did not respond to a request for comment on this issue.

Import material prices are also going down this week following the price trend in China.

Earlier it was noted that the last time Petkim adjusted the prices of LDPE in Turkey in May of this year.  Then prices for LDPE companies rose , but the magnitude of the increase was not reported.  At the same time, the prices of PP were last changed by Petkim on March 1 of this year, then the manufacturer raised material prices by USD20 per ton.

According to the ICIS-MRC Price Review , in the Russian spot market, a slight increase in PP prices was observed in the Russian spot market, some sellers raised prices against the background of limited stocks.  Petkim polypropylene polyethylene Turkey 

But the hype in connection with this factor on the market was not.  On the Russian LDPE market, the limited supply of the 108th LDPE has been maintained since the end of May, but there is no rush in this regard.  This polyethylene continues to gradually go up, and this factor also does not stimulate demand.  In other segments of LDPE, on the contrary, an excess of supply remains, and some sellers continue to lower their prices.  The greatest surplus is observed in the PE segment for the production of shrink films.

Petkim Petrokimya Holding AS is a Turkish chemical company.  The controlling shareholder of the company (51.39%) is owned by the State Oil Company of the Azerbaijan Republic (SOCAR).  Petkim polypropylene polyethylene Turkey 

The remaining shares are owned by TURCAS.  The company produces polymers (PE, PP, PVC, PA), detergents, packaging, etc.

mrcplast.ru

Author:   Margarita Volkova

Packaging Petrochemicals Injection Machine 21-06-2019

Packaging Petrochemicals Injection Machine

Crude Oil Prices Trend

Packaging Petrochemicals Injection Machine

-Petkim reduced June prices of PP and LDPE in Turkey 

Turkish polymer manufacturer Petkim, the controlling shareholder of which is Azerbaijani SOCAR, lowered the prices of polypropylene (PP) and high-pressure polyethylene (LDPE) on the Turkish market on June 17, sources in the ICIS reported.

So, according to them, June PP prices were reduced by USD30 per ton, and LDPE prices – by USD20 per ton.

Petkim quotes prices on a gross basis, and they have significant discounts.

Petkim reduced June prices of PP and LDPE in Turkey

-Competition to heat up in SE Asia PP market on new capacities in H2

Fiercer competition among polypropylene (PP) suppliers in southeast Asia could tip the market into a long position in the second half of the year, as new capacities in the region begin to come on stream.

The year kicked off to a slow start, with market sentiment dampened by weak macroeconomic fundamentals.

Poor manufacturing market indicators in southeast Asia, the depreciation of regional currencies and volatile upstream crude oil values all contributed to lacklustre demand.

Packaging Petrochemicals Injection Machine

-Candiani wins ITMA Sustainable Innovation Award

Denim producer Candiani has won the ITMA Sustainable Innovation Award for Candiani Re-Gen, a ‘circular denim’ fabric from regenerated and recycled raw materials. 50 per cent of the fabric comprises TencelxRefibra Lyocell made of pulp from cotton scraps and wood pulp using Lenzing’s closed-loop process, remaining is post-industrial recycled Candiani fibres.

Candiani’s fabrics are also dyed using green technologies, resulting in substantial reduction in the use of water and chemicals in the fabric production and jean washing process.

Packaging Petrochemicals Injection Machine

-Supply overhang amid weak downstream demand from petrochemical sector in Asia

A supply overhang amid feeble downstream petrochemical demand has hit Asia’s naphtha market. ICIS News reports that demand could bounce back on cracker expansion and restarts in Tokyo, Japan.

Battered by steep losses in global crude oil benchmarks, spot naphtha prices have declined substantially in H1 of the year to under US$500/ton levels. Traders estimate deep-sea cargo arrivals of 1.5-1.6 mln tons  in May, up from the average monthly volumes of around 1.2 mln tons in 2018. Consistent volumes of western arbitrage flows to Asia have added to the woes of the Asian naphtha market.Packaging Petrochemicals Injection Machine

Supply overhang amid weak downstream demand from petrochemical sector in Asia

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Plastipak Italia Preforme has entered into an exclusive partnership with Garbo to develop industrial scale polyethylene terephthalate (PET) chemical recycling.

Italy-based Garbo is involved in the purification of high value added materials, including bis-hydroxy-ethylene-terephthalate (BHET) from PET chemical recycling. It also developed ChemPET, a chemical recycling process, in collaboration with the University of Modena and Bologna.

Bottle from PET Recycled

-Deakin and Ford create wool-based alternative to petrochemical car insulation

Researchers at Deakin University’s Institute for Frontier Materials have worked with Ford to create a new wool-based insulation, which they say has environmental and other benefits over synthetic materials currently in use.

Led by Dr Maryam Naebe, IFM academics worked with Ford Motor Company researchers to engineer the new textiles, “using blended waste and virgin wool insulated fibres covered with a thin nonwoven fabric via needle-punching.”

Naebe said that car companies were moving towards lighter, natural fibre materials and away from polyester, polyethylene and polystyrene interiors.

Deakin and Ford create wool-based alternative to petrochemical car insulation

-Europe OX falls amid insecure supply, PX affected by weak demand, supply growth

The European contract reference price for orthoxylene (OX) has settled at a decrease for June amid balanced supply and supported by import material; negotiations for paraxylene (PX) are ongoing.

– Europe PX June contract price yet to be settled

– Downstream demand, Asia dynamics key to PX pricing

– OX supply balanced, but insecure

Talks for PX are likely to be driven by good availability of material, continued weak demand for derivative polyethylene terephthalate (PET) and recent movements in the crude oil and Asian PX markets. Packaging Petrochemicals Injection Machine

Europe OX falls amid insecure supply, PX affected by weak demand, supply growth

-Mimaki demonstrates hybrid printer at ITMA 2019

Mimaki Engineering, a leading manufacturer of inkjet printers and cutting systems, has announced the first global technology demonstration of a brand-new hybrid digital textile printer from the TX300P series at ITMA 2019.

The company is demonstrating the new printer in hall 3 booth B110 during the seven-day textile machinery fair in Barcelona, Spain.

Mimaki demonstrates hybrid printer at ITMA 2019

-Shima debuts new technology at ITMA 2019

Leading computerised knitting machine manufacturer Shima Seiki, of Wakayama, is participating in the international textile machinery exhibition ITMA 2019 that opened its doors today in Barcelona. The 566 square metre booth located at Hall 8.0, Stand B106 features a comprehensive line-up of its products, including new Wholegarment knitting machines, computerised flat knitting machines, and computer graphic design systems, as well as various digital solutions making their debut at ITMA.

Shima debuts new technology at ITMA 2019

-ACC: More China tariffs will ‘reverse fortune’ for US chemical industry

Washington — President Donald Trump’s latest round of proposed tariffs on $300 billion worth of Chinese imports, coupled with the earlier rounds totaling $250 billion, risk doing serious harm to chemical and plastics materials makers, the industry’s leading trade group told a Washington hearing June 19. Packaging Petrochemicals Injection Machine

ACC: More China tariffs will ‘reverse fortune' for US chemical industry

-Some 220 Exhibitors From Germany Including More Than 110 VDMA Member Companies Offer Advanced Technology Solutions And Applications Of Industry 4.0 At ITMA 2019

ITMA 2019, the world’s leading fair dedicated to textile machinery, is once again marked by a significant presence of German companies. More than 220 exhibitors from Germany including more than 110 VDMA member companies cover nearly all different machinery chapters with a focus on spinning, nonwoven, weaving, knitting, warp knitting and finishing. The overall exhibition space occupied by German machinery manufacturers is more than 21 thousand square meters, an increase of booth space by approximately 3.5 % compared to ITMA 2015.

Some 220 Exhibitors From Germany Including More Than 110 VDMA Member Companies Offer Advanced Technology Solutions And Applications Of Industry 4.0 At ITMA 2019

Major polystyrene MiddleEast prices

Major PS supplier in the Middle East lowered June PS prices in the region   Major polystyrene MiddleEast prices

Major polystyrene MiddleEast prices

MOSCOW  – A large supplier of polystyrene (PS) in the Middle East has reduced its PS offer for June deliveries to the countries of the Persian Gulf by USD10-50 per tonne, ICIS reported.

In particular, the regional supplier lowered its June price proposals for general purpose polystyrene (PSV-C) for the Persian Gulf countries (GCC) by USD10 per ton from the previous level to about USD1,330 per ton, DEL.  This level is equivalent to the price of USD1,300, CFR GCC.Major polystyrene MiddleEast prices

The proposals of high impact polystyrene (UPS / M) were voiced lower by USD30-50 per ton compared to the level of last month and amounted to USD1 360 per ton, DEL, which is equivalent to the price of USD1 330 per ton, CFR GCC.

Earlier, this supplier announced June quotes for the Eastern Mediterranean region, where the decline was USD20-30 per ton.

The demand for material during the Eid-al-Fitr holiday has decreased, and most of the market participants have not yet returned to the market after the holiday season.

According to the ICIS-MRC Price Review , Russian plants have reduced the cost of PS in the current month under pressure from foreign markets and declining cost of raw materials.  For most market participants, a sharp decline in the cost of the polymer was unexpected.  The market leader, Nizhnekamskneftekhim, has reduced the cost of polymer by a larger amount than other plants.Major polystyrene MiddleEast prices

mrcplast.ru

Author:   Margarita Volkova

Packaging Petrochemicals Crude Oil 20-06-2019

China – Polyethylene Terephthalate

PET and its chain, also today, continue to gain ground.

Crude oil continues to rise strong.

Polyamide 6 and its chain are steady.

PET Bottle grade export 910/950 $/ton PET Bottle grade domestic market 7,100/7,250 yuan/ton PET Filament grade SD domestic market 6,750/6,850 yuan/ton – PET Filament grade BR domestic market 6,850/6,950 yuan/ton

PTA Taiwan 720/730 $/ton PTA domestic market 5,700/5,850 yuan/tonMEG  535/545 $/ton – MEG domestic market 4,250/4,350 yuan/tonPX Korea 795/810 $/ton

Polyester POY 150D/48F  domestic market 7,800/7,900  yuan/tonPolyester DTY 150D/48F  domestic market 9,350/9,450  yuan/tonPolyester Staple PSF domestic market 7,550/7,700 yuan/ton

Packaging Petrochemicals Crude Oil

-Major PS supplier in the Middle East lowered June PS prices in the region 

A large supplier of polystyrene (PS) in the Middle East has reduced its PS offer for June deliveries to the countries of the Persian Gulf by USD10-50 per tonne, ICIS reported.

In particular, the regional supplier lowered its June price proposals for general purpose polystyrene (PSV-C) for the Persian Gulf countries (GCC) by USD10 per ton from the previous level to about USD1,330 per ton, DEL.  This level is equivalent to the price of USD1,300, CFR GCC.

Packaging Petrochemicals Crude Oil

Crude Oil Prices Trend

Crude Oil Prices Trend

-Smart additives give new life to plasticsPackaging Petrochemicals Crude Oil

AIMPLAS, the Plastics Technology Centre, is participating in the DECOAT project, a consortium of 17 European partners led by Belgian R&D centre CENTEXBEL.

The focus is on coated and painted textiles and plastic materials which are not currently recyclable. Ambitious recycling targets have been set by the European Plastics Industry, and to meet these targets smart solutions that enable circular use must be considered. Ideally, multiple components should be separated and fed into the most suitable recycling streams.

DECOAT has therefore been established to investigate triggerable smart polymer material systems and appropriate recycling processes. The solutions will be based on smart additives (like microcapsules or microwave triggered additives) for the ‘coating’ formulations that will be activated by a specific trigger (heat, humidity, microwave, chemical).

Packaging Petrochemicals Crude Oil

-Constantia announces sustainable packaging plant in Ahmedabad

Constantia Flexibles Group has announced the launch of a production facility, Constantia ecoflex Ahmedabad, a plant entirely dedicated to sustainable packaging.

It will focus on the company’s recyclable EcoLam range of products from the Ecolution product family – consisting of lightweight mono-polymer laminates based on PE with a carbon footprint of 32%.

Constantia claims that this will be the first plant across the globe which is completely designed and dedicated for recyclable flexible packaging.

Packaging Petrochemicals Crude Oil

-Grace licenses polypropylene technology to Hyundai Chemical

R. Grace & Co., the an independent supplier of polyolefin catalyst technology and polypropylene (PP) process technology, has licensed its UNIPOL® PP process technology to Hyundai Chemical Co., Ltd., a joint venture between Hyundai Oilbank Co., Ltd. and Lotte Chemical Corp.Packaging Petrochemicals Crude Oil

Grace licenses polypropylene technology

-Picanol to show weaving machine & PicCon app at ITMA

Picanol will display the OptiMax-I weaving machine for denim fabrics with almost fully digitised insertion at ITMA 2019 expo, in hall 4, booth B101. The company will also debut the mobile app called PicCon (Picanol Connect), based on Picanol’s ‘Live Machine Feedback Platform’ at the textile and garment technology expo from June 20-26, 2019, in Barcelona.

The denim machine with insertion has been almost completely digitised. Thanks to the integrated concept all settings are available and can be retrieved on the central microprocessor. Packaging Petrochemicals Crude Oil

Picanol Itma

-Polyplex: Thailand arm to set up BOPP project in Indonesia

Polyplex Corporation Limited’s subsidiary Polyplex (Thailand) Public Company Limited (PTL) has decided to set up BOPP film line project with a capacity of 60,000 TPA in Indonesia at an estimated cost of US$48 million.

Polyplex has 51 per cent stake in its subsidiary PTL. The said project would be implemented by PT Polyplex Films Indonesia which is a wholly-owned subsidiary of PTL.

Polyplex: Thailand arm to set up BOPP project

-Tech solutions for waste management in Iran

In late April, Tehran province department of environment announced that approximately 25% of the waste generated in Iran is recyclable. Everyday 8,000 tons of waste is being transferred to landfills in Tehran but not even one kilogram of it is recycled as waste segregation at source is not being practiced.

Recycling is of great importance as waste has a huge negative impact on the natural environment. Harmful chemicals and greenhouse gasses are released from rubbish in landfill sites. Recycling helps to reduce the pollution caused by waste as well as reduce the need for raw materials.

Tech solutions for waste management in Iran

-Project provides deeper plastic sort of one city’s stream

Sorted plastics for recycling.A handful of industry groups and plastics producers are teaming up on a 60-day effort to try to capture a wider variety of materials from the flow of curbside recyclables in Portland, Ore.

The effort, announced this morning, will bring a “secondary sorting system” from Titus MRF Services to a materials recovery facility in the Portland area run by Far West Recycling. Material from four other MRFs in the region will also be sent to the site.

The project will separate mixed recyclables into a variety of plastic categories and will also isolate food and beverage cartons.

Project provides deeper plastic sort

-Europe benzene, styrene supply to stay long on increased Asian capacities

Benzene and styrene availability in Europe for the remainder of 2019 will most likely be long, and that length is set to prevail into 2020 on the back of increased Asian capacity.

Programme to improve energy efficiency of homes, Llanelli, Wales, Britain – 03 Feb 2015Benzene and styrene are each coming out of the peak turnaround season, set to conclude by the end of June and which went according to plan, leaving little impact in the markets.

There was a massive inventory built-up in preparation for the outages, which caused styrene prices to rise from November to April.

Europe benzene, styrene supply

Plastics Petrochemicals Crude Oil 19-06-2019

China – Polyethylene Terephthalate

PET and its chain continue to gain ground, always with the exception of the PX.

Crude oil continues to rise strong.

Polyamide 6 and its chain continue to lose ground.

PET Bottle grade export 890/930 $/ton PET Bottle grade domestic market 7,000/7,150 yuan/ton PET Filament grade SD domestic market 6,550/6,700 yuan/ton – PET Filament grade BR domestic market 6,650/6,800 yuan/ton

PTA Taiwan 720/730 $/ton PTA domestic market 5,650/5,750 yuan/tonMEG  530/540 $/ton – MEG domestic market 4,250/4,350 yuan/tonPX Korea 790/805 $/ton

Polyester POY 150D/48F  domestic market 7,700/7,800  yuan/tonPolyester DTY 150D/48F  domestic market 9,250/9,350  yuan/tonPolyester Staple PSF domestic market 7,450/7,550 yuan/ton

Plastics Petrochemicals Crude Oil

Crude Oil Prices Trend

Plastics Petrochemicals Crude Oil

-LyondellBasell and Neste announce commercial-scale production of bio-based plastic from renewable materialsPlastics Petrochemicals Crude Oil

This collaboration marks the first time bio-based polypropylene and bio-based low-density polyethylene were produced simultaneously at commercial scale

LyondellBasell , one of the largest plastics, chemicals and refining companies in the world, and Neste (NESTE, Nasdaq Helsinki), the world’s largest producer of renewable diesel from waste and residues, today jointly announce the first parallel production of bio-based polypropylene and bio-based low-density polyethylene at a commercial scale.

LyondellBasell and Neste announce commercial-scale production of bio-based plastic

-Attis acquires corn ethanol plant and plans promotion of its proprietary biomass processing technology.

“Attis is also evaluating the use of its lignin for the production of bio-based carbon fibre and adhesives. The Fulton site has the size and logistics capabilities to handle this commercial operation and was an ideal choice when evaluating potential sites for Attis’ operations.”

US innovation and technology company Attis Industries has completed its $20 million purchase of Sunoco’s 100-million-gallon-a-year corn ethanol plant and grain malting operation near Fulton, New York. Plastics Petrochemicals Crude Oil

Attis acquires corn ethanol plant and plans promotion of its proprietary biomass processing technology

-BASF and SIBUR collaborate to develop innovative polymer solutions

BASF and SIBUR are collaborating to develop innovative polymer solutions at SIBUR’s PolyLab Research and Development Center in Moscow.

The signing ceremony of the Memorandum of Cooperation took place on May 30th at SIBUR’s newly inaugurated state-of-the-art PolyLab at the Skolkovo Innovation Center to seal the strong commitment from SIBUR and BASF.

BASF and SIBUR collaborate to develop innovative polymer solutions

-Plastipak, Garbo partner for PET chemical recycling

The companies aim to develop industrial-scale PET chemical recycling to use in preform, bottle applications.

Plastipak Italia Preforme s.r.l., a subsidiary of Plymouth, Michigan-based Plastipak Packaging, has announced that it has entered into an exclusive partnership with Italy-based Garbo s.r.l. to develop and bring to market industrial-scale polyethylene terephthalate (PET) chemical recycling for use in preform and bottle applications, Plastipak reports in a news release.

Plastipak, Garbo partner for PET chemical recycling

-How to increase flexible polyethylene recycling in Europe

Plastics Recyclers Europe has published a paper identifying the prerequisites for increasing recycling of flexible polyethylene into a high-quality raw material while ensuring a sustainable and cost-effective process.

With the converters’ demand of around 9 million tonnes, LLDPE/LDPE is the second biggest resin processed in the EU and consequently demonstrates a high recycling potential. However, today’s recycling rate of this resin is at the level of around 31%. This is caused by the fact that reaching for higher targets and higher quality of the recycled material from this stream is hampered by a number of challenges that need to be overcome in order to reach beyond the low hanging fruit.

flexible polyethylene recycling in Europe

-Coca-Cola to use 100% rPET bottles for water and tea in Western Europe

Move to 100% rPET for Honest, Glacéau Smartwater, and Chaudfontaine expected to remove nearly 10,000 tons of virgin plastic in 2020. Another initiative sees Sprite in clear, easy-to-recycle bottles.

By Anne Marie Mohan, Senior Editor, Packaging World Coca-Cola’s Honest, Glacéau Smartwater, and Chaudfontaine brands will all be sold in bottles made from 100% recycled PET.  Plastics Petrochemicals Crude Oil

Coca-Cola to use 100% rPET bottles for water and tea in Western Europe

-Intertextile offers high performance with low impact

Major activewear and outdoor brands, such as adidas, Columbia Sportswear, Nike, Patagonia and more, have all been releasing news about what’s new in their environmental efforts. Meanwhile, social media has proved successful for smaller brands offering products, such as recycled activewear and shoes. For consumers with a highly active outdoor lifestyle, it stands to reason that they seek products with maximum functionality and minimal environmental impact.

From 25-27 September, stand-out fabrics suitable for sportswear, swimwear and lingerie can be sourced from Functional Lab, at the 25th Autumn Edition of Intertextile Shanghai Apparel Fabrics.

Intertextile offers high performance with low impact

-Asia PX supply to surge in H2 on new capacity start-ups

The paraxylene (PX) market in Asia is expected to see a surge in new supply in the second half of the year, as new capacities are due to come on stream.

A female worker at a textile factory in Huaibei, China. Textiles are a major downstream industry for paraxylene (PX). (Source: Imagine China/Shutterstock)

Spot PX prices started the year on a strong note, spurred by strong buying activity due to a heavy turnaround schedule in the second quarter.

Buyers had been stocking up on inventories on expectations of tightening supply.

But supply has lengthened following the earlier-than-expected start-up of Hengli Petrochemical’s 4.5m tonne/year PX facility, exerting a downward pressure on prices.

 textile factory in Huaibei, China.

-Ever-growing problem of plastic

Have you ever seen a really cool wild animal while on a road trip or just going outside? Well, those wild animals are being threatened by the ever-growing problem of plastic.

In the Scholastic News article “The Problem with Plastic it says,” “It affects not just the individual animals that eat plastic but the animals that eat those animals.” This implies that the food chain is a big factor to having plastic in animals because the plastic will just go around in a big circle from animal to animal. This doesn’t just include animals – it includes us too. Plastics Petrochemicals Crude Oil

Ever-growing problem of plastic

-Oil Prices Jump On Hopes Of End To U.S.-China Trade War

Oil prices erased earlier losses and surged on Tuesday morning after U.S. President Donald Trump said that he would meet his Chinese counterpart next week to discuss the ongoing trade dispute, lending hope to the oil market that talks will resume after weeks of stalemate.

“Had a very good telephone conversation with President Xi of China. We will be having an extended meeting next week at the G-20 in Japan. Our respective teams will begin talks prior to our meeting,” President Trump tweeted on Tuesday morning.

Oil Prices Jump On Hopes Of End To U.S.-China Trade War

MEGlobal price Monoethyleneglycol MEG

MEGlobal leaves the July contract price of the MEG in Asia at the level of June MEGlobal price Monoethyleneglycol MEG

MEGlobal price Monoethyleneglycol MEG

MOSCOW – MEGlobal, the world leader in the production of monoethylene glycol (MEG) and diethylene glycol (DG), nominated the MEG July contract price for Asia at USD710 per tonne, which corresponds to the level of the current month, a source in the company told ICIS .

The price was named on the terms of delivery CFR Asia.

It is expected that the decline in production at several factories in Asia will lead to a decrease in the material supply on the market, starting in June.

However, lower demand for polyester in the downstream polyester market, lowering oil quotes and market uncertainty due to the US-China trade war continue to put pressure on market sentiment. MEGlobal price Monoethyleneglycol MEG

Earlier, it was noted that MEGlobal lowered the June contract price of MEG for Asia compared to May level by USD90 per ton – to USD710 per ton, CFR Asia.

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

According to ICIS-MRC ‘s Price Review , prices in China’s key market have remained at their lowest levels in the past two years.  Against this background, the formula prices of PET in the Russian market will be decreasing next month.  In the current month, contract prices are in the range of 90,000-94,000 rubles.  per ton, CPT Moscow, including VAT.  The spot prices of Russian manufacturers are in the range of 94,000-96,000 rubles.  per ton, CPT Moscow, including VAT.

MEGlobal, headquartered in Dubai (UAE) 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.  MEGlobal price Monoethyleneglycol MEG

DG is used as a raw material for the production of polyester fibers (clothing and other textiles), polyethylene terephthalate (PET), antifreeze and other industrial products.  MEGlobal is a 100% subsidiary of Equate Petrochemical Company.  In December 2015, Dow Chemical closed the sale of its stake in MEGlobal to Equate Petrochemical Company as part of a strategy to optimize its equity participation in Kuwaiti joint ventures.

mrcplast.ru

Author:   Margarita Volkova

Thermoplastics Petrochemicals Crude Oil 18-06-2019

China – Polyethylene Terephthalate

PET and its chain gain ground,with the exception of the PX.

Crude oil continues its up/down.

Polyamide 6 and its chain are losing ground.

PET Bottle grade export 880/920 $/ton PET Bottle grade domestic market 6,950/7,100 yuan/ton PET Filament grade SD domestic market 6,500/6,650 yuan/ton – PET Filament grade BR domestic market 6,600/6,750 yuan/ton

PTA Taiwan 720/730 $/ton PTA domestic market 5,600/5,700 yuan/tonMEG  525/535 $/ton – MEG domestic market 4,250/4,350 yuan/tonPX Korea 795/810 $/ton

Polyester POY 150D/48F  domestic market 7,550/7,650  yuan/tonPolyester DTY 150D/48F  domestic market 9,200/9,300  yuan/tonPolyester Staple PSF domestic market 7,250/7,350 yuan/ton

Thermoplastics Petrochemicals Crude Oil

-MEGlobal leaves the July contract price of the MEG in Asia at the level of June Termoplastics Petrochemicals Crude Oil

MEGlobal, the world leader in the production of monoethylene glycol (MEG) and diethylene glycol (DG), nominated the MEG July contract price for Asia at USD710 per tonne, which corresponds to the level of the current month, a source in the company told ICIS .

The price was named on the terms of delivery CFR Asia.

It is expected that the decline in production at several factories in Asia will lead to a decrease in the material supply on the market, starting in June.

MEGlobal leaves the July contract price of the MEG in Asia

Crude Oil Prices Trend

Thermoplastics Petrochemicals Crude Oil

-Teijin to be part of Outdoor Retailer Summer Market 2019

Teijin Frontier, the Teijin Group’s fibre and products converting company, will participate in Outdoor Retailer Summer market 2019, in stand #MR208. The world’s largest international sports and outdoor trade fair to be held at the Colorado Convention Centre in Denver, CO, US, from June 18-20, 2019, will attract leading brands from all over the world.

The Teijin Frontier stand will exhibit Deltapeak and related hybrid materials that offer excellent combinations of performance, appearance, and texture for sportswear. The stand will also promote Teijin Frontier’s environmentally friendly solutions, including micro-plastics pollution prevention, fossil resource conservation and CO2 emissions reduction, according to a press release by the company.

Thermoplastics Petrochemicals Crude Oil

-Europe PE net spreads low amid strong cracker margins

The spread between the ethylenecontract and net spot polyethylene (PE) pricesremains low as cracker margins get firmer on theback of lower feedstock prices.

– Cracker margins healthy

– Lower June prices hard for buyers toget

PolytunnelsContracted PE has better margins, but these are now underpressure as upstream costs plummet.

Naphtha closed at $475/tonne CIF (cost insurance freight) NWE (northwest Europe) on Friday, from a high not far short of $600/tonne mid-May.

Such a drop has left cracker margins in Europe strong, but net PE prices continue to move around the contracted ethylene price, and have done fors ome months.

Europe PE net spreads

-Asia naphtha hit by supply overhang; demand could bounce back

A supply overhang amid feebledownstream petrochemical demand has hit Asia’snaphtha market, although demand could bounceback on cracker expansion and restarts.

A container ship at aport in Tokyo, Japan. (Photo by FranckRobichon/EPA-EFE/Shutterstock)

Spot naphtha prices have declined substantiallyin the first half of the year to under$500/tonne levels, pummeled by steep losses inglobal crude oil benchmarks.

On a CFR (cost and freight) Japan basis,naphtha prices for second-half July averaged at$465.00/tonne as of 11 June, down by a hefty$108/tonne from month-earlier levels and a 29%decline from the same period a year earlier,ICIS data showed.

Thermoplastics Petrochemicals Crude Oil

-Achieving a circular economy begins with the proper sorting of plastic packaging

A big problem that contributes to low recycling rates both in Europe and North America is the difficulty of sorting. At the consumer level, it requires looking for the triangular symbol, knowing if the local recycler takes all seven numbers or only a few of them, and which ones. If there were an easier way to sort recyclable products, recycling rates would certainly go up.

Plastic packaging represents the biggest share of European plastic demand. However, today only 42% of plastic packaging waste is recycled in Europe, according to Plastics Recyclers Europe (PRE; Brussels).

sorting of plastic packaging

-Green plastic?

Hanwha works on environmentally-friendly materials

Have you ever heard of “green plastic?” Most people would say that it is an oxymoron that contains contradictory words just like “deafening silence” or “original copy.”

But a Korean company actually works on developing environmentally friendly plastic as Hanwha Chemical Vice President Seo Chang-suk notes.

In a recent interview, he envisioned a world of green plastic based on the firm’s advanced technologies designed to reduce the environmental impact of plastic.

Green plastic

-Singapore wants year of zero waste. But it’s rubbish at recycling

Recycling bins around the city are a great idea, but people don’t know what they can put in them … or are they just too lazy to go downstairs and do it?

As Asian nations call an end to importing other countries’ trash, Singapore has some thinking to do

For 18 years, blue bins have sat at the base of high-rise flats and the entrance of landed properties in Singapore, waiting to be filled with plastic bottles, paper cartons, tin cans and other recyclable items.

They multiplied from one in every five blocks to one a block in public housing estates, and spread from landed homes to condominiums.

Singapore wants year of zero waste

-Improving PET Polymer Using VUV Photons

Polymer materials are widely applied across industries due to their various thermal, chemical, and electrical properties.

Polymers have all kinds of uses. Image Credit: Evan Lorne/Shutterstock.

The surface properties of polymer materials usually have to be modified to satisfy their application. Plasma treatment has become one of the techniques which is usually applied to modify the surface properties of polymer materials.

The plasma treatment enables an increase of the surface energy of the polymer materials, leading to improvement of the adhesion, and biocompatibility.

Improving PET Polymer

Polymers Petrochemical Sorting Prices

Polymers Petrochemical Sorting Prices

Polymers Petrochemical Sorting Prices

Polyestertime Polymers Petrochemical Polyester Prices

ITEM10/06/201917/06/2019+/-
Bottle grade PET chips domestic market7,100 yuan/ton7,100 yuan/ton
Bottle grade PET chips export market920 $/ton910 $/ton-10
Filament grade Semidull chips domestic market6,550 yuan/ton6,625 yuan/ton+75
Filament grade Bright chips domestic market6,625 yuan/ton6,700 yuan/ton+75
Pure Terephthalic Acid PTA domestic market5,610 yuan/ton5,630 yuan/ton+20
Pure Terephthalic Acid PTA export market745 $/ton725 $/ton-20
Monoethyleneglycol MEG domestic market4,275 yuan/ton4,290 yuan/ton+15
Monoethyleneglycol MEG export market528 $/ton526 $/ton-2
Paraxylene PX FOB  Taiwan market860 $/ton818 $/ton-42
Paraxylene PX FOB  Korea market841 $/ton799 $/ton-42
Paraxylene PX FOB EU market747 $/ton707 $/ton-40
Polyester filament POY 150D/48F domestic market7,425 yuan/ton7,630 yuan/ton
+205
Recycled Polyester filament POY  domestic market7,000 yuan/ton7,100 yuan/ton+100
Polyester filament DTY 150D/48 F domestic market9,150 yuan/ton9,250 yuan/ton+100
Polyester filament FDY 68D24F domestic market 8,550 yuan/ton8,550 yuan/ton
Polyester filament FDY 150D/96F domestic market8,000 yuan/ton8,100 yuan/ton+100
Polyester staple fiber 1.4D 38mm domestic market7,230 yuan/ton7,380 yuan/ton+150
Caprolactam CPL domestic market11,800  yuan/ton11,800 yuan/ton
Caprolactam CPL overseas  market1,450 $/ton1,450 $/ton
Nylon6 chips overseas  market1,810 $/ton1,750 $/ton-60
Nylon6 chips conventional spinning domestic  market12,800 yuan/ton12,850 yuan/ton+50
Nylon6 chips  high speed spinning domestic  market12,800 yuan/ton12,700 yuan/ton-100
Nylon 6.6 chips domestic  market26,500 yuan/ton26,400 yuan/ton-100
Nylon6 Filament POY 86D/24F domestic  market15,300 yuan/ton15,200 yuan/ton-100
Nylon6 Filament DTY 70D/24F domestic  market18,200 yuan/ton18,100 yuan/ton-100
Nylon6 Filament FDY  70D/24F  domestic  market16,300 yuan/ton16,200 yuan/ton-100
Spandex 20D  domestic  market38,000 yuan/ton38,000 yuan/ton
Spandex 30D  domestic  market37,000 yuan/ton37,000 yuan/ton
Spandex 40D  domestic  market31,500 yuan/ton31,500 yuan/ton
Adipic Acid domestic market7,800 yuan/ton7,800 yuan/ton
Benzene domestic market4,575 yuan/ton4,730 yuan/ton+155
Benzene overseas  market618 $/ton619 $/ton +1
Ethylene South East market720 $/ton700 $/ton-20
Ethylene NWE  market1,198 $/ton1,059 $/ton-139
Acrylonitrile ACN  domestic market14,000 yuan/ton13,000 yuan/ton-1000
Acrylonitrile ACN  overseas market2,000 $/ton1,900 $/ton-100
Acrylic staple fiber ASF  domestic market17,400 yuan/ton17,400 yuan/ton
Viscose Staple Fiber VSF  domestic market11,200 yuan/ton11,100 yuan/ton100
PP Powder domestic market8,250 yuan/ton8,250 yuan/ton
Naphtha overseas market  458 $/ton462 $/ton
+4
Phenol domestic market 8,000 yuan/ton8,000 yuan/ton
PS Taiwan 5250 GPPS1,225 $/ton1,220 $/ton-5
PS Taiwan 8250 HIPS1,300 $/ton1,295 $/ton-5
LDPE CFR Far East 972 $/ton962 $/ton-10
LLDPE CFR Far East922 $/ton912 $/ton-10
LDPE   FOB Middle East959 $/ton949 $/ton-10
LLDPE FOB Middle East909 $/ton899 $/ton9-10
HDPE CFR Far East979 $/ton949 $/ton-30
LDPE FD Northwest Europe 1,103 €/ton1,083 €/ton-20
LLDPE FD Northwest Europe 1,083 €/ton1,063 €/ton-20
Homopolymer PP CFR Far East1,029 $/ton1,020 $/ton-9
Homopolymer PP FD NWE1,211 €/ton1,191 €/ton-20

Thermoplastics Petrochemicals Preforms 17-06-2019

Thermoplastics Petrochemicals Preforms

Polymers Petrochemical Sorting Prices

Crude Oil Prices Trend

Thermoplastics Petrochemicals Preforms

-US oil imports from OPEC plunge to 30-year lows, China’s are surging

Middle East imports to US down 75% in a decade

America’s long-addiction to oil from OPEC is fading — even as China’s own reliance on the cartel’s crude has soared.

US oil imports from OPEC plunged to a 30-year low in March, according to a report published on Thursday by the US Energy Information Administration. The imports, totaling 1.5 million barrels per day, have tumbled by about 75% over the past decade.

Thermoplastics Petrochemicals Preforms

-Lessons from an old trade war: China can learn from the Japan experience

In the last half of the 20th century US worries about a rising Japan led to tariffs and technology mistrust

Differences in the Chinese experience may predict a different outcome

If history is a mirror to the future, the similarities between the spiralling technology stand-off between China and the US and the economic wars waged by the US with Japan – which peaked in the 1980s and 1990s – may be instructive. But there are differences between the two which may predict a different outcome.

China can learn from the Japan experience

-Solving the plastic problem

Plastics are intertwined with our lives today — driving researchers to create plant-based versions and more efficient ways to recycle.

The big picture: From a science perspective, the biggest challenge is consumers and companies want materials that won’t degrade quickly while being used but will degrade quickly once disposed, says Andrew Dove, a professor of chemistry at the University of Birmingham in the U.K. “The world wants it both ways.” Thermoplastics Petrochemicals Preforms

Solving the plastic problem

-Deakin scientists turn plant waste into biodegradable plastic

Deakin textile and fibre scientists have discovered how to turn plant waste into a biodegradable material that could replace environmentally-damaging plastics such as those used for packaging and other throwaway items.

The team from Deakin’s Institute for Frontier Materials (IFM), led by Dr Maryam Naebe, developed the bioplastic by repurposing cotton gin trash – the seeds, stems, short fibres and other waste by-products left behind from the ginning process used to separate cotton fibres.

Deakin scientists turn plant waste into biodegradable plastic

-Oil – A Battle Between U.S. Production And Iran

Oil remains above $50 per barrel on WTI and hovers around $60 on Brent.

Another week of inventory builds in the US.

New provocative acts in the Middle East.

Brent-WTI remains firm.

Trading in the current environment could offer the best opportunities – UCO and SCO for those who do not trade futures.

Looking for more? I update all of my investing ideas and strategies to members of Hecht Commodity Report. Get started today »

The global economic and geopolitical landscapes are pulling the price of crude oil in opposite directions. The price of the energy commodity dropped from a high at $66.60 on the nearby NYMEX WTI futures contract and $75.59 on Brent futures in late April to lows that are not far below the current price levels.

Thermoplastics Petrochemicals Preforms

-Plastics recycling with microbes and worms is extra away than folks judge

“Can also Nature Rid the Planet of Its Plastic Break?” Over the past few years, worms, micro organism, and enzymes that chow down on polymers have inspired headlines a exiguous bit fancy this one. The foundation that biology may possibly well possibly be triumphant where folks have in the past failed is difficult.

COVER STORY

The truth about plastic eaters

Excluding dealing with the staggering amount of plastic slay polluting the earth is extra advanced than some coverage has let on. Most reported conditions of an enzyme or critter degrading plastic are incomplete and unhurried. Making these processes faster and extra ambiance friendly will not be trivial. And even supposing scientists handle to boost polymer biodegradation applied sciences, they have to also lift down the associated payment to compete in a market that involves chemical recycling strategies and virgin monomers—model-original supplies which have never been polymerized.

Plastics recycling with microbes and worms

-War risk insurance spirals higher for Middle East oil tankers

Premiums for oil tanker going through the Gulf have now surged to $185,000

Singapore: Oil tanker owners face spiralling insurance costs to load cargoes from the world’s largest crude-export region after the latest round of attacks on vessels.

War risk premiums that owners pay each time they go to the Gulf have now surged to at least $185,000 for supertankers, according to people with knowledge of the market. They rose to $50,000 after the attacks a month ago.

War risk insurance

-Heiq launches Heiq Eco Dry for apparel and footwear

Swiss textile innovator Heiq has launched a new fluorine-free product in its HeiQ Eco Dry product family for a full range of apparel to footwear options. Heiq Eco Dry is a family of eco-friendly and PFC-free water repellent textile technologies. After adding Heiq DuPont Eco-Led to the range last year, Heiq has developed another technology targeting footwear.

The new solution, Heiq Eco Dry FW, is Oeko-Tex conform and bluesign pending, enables very high hydrophobic properties, and is suitable for wool, polyamide and their blends, said Heiq in a media statement. It does not compromise on breathability and is fluorine-free. With HeiQ Eco Dry, brands protect their products in a sustainable manner.

Heiq launches Heiq Eco Dry for apparel and footwear

-David Adesnik: Trump should get tougher with Iran after it attacks oil tankers

President Trump had tough words for the leaders of Iran on Friday, saying on “Fox & Friends” that they are responsible for explosions that heavily damaged two oil tankers in the Gulf of Oman on Thursday. Now the president needs to back up his words with action to send the revolutionary Islamist leaders in Tehran a message they won’t forget.

Iran’s radical regime will exploit American weakness, but it has a history of retreating when confronted by strength.

Trump should get tougher with Iran after it attacks oil tankers

-Herma releases PE film made from recycled material

This new PE label, manufactured exclusively from recycled polyethylene, is thought to be the first of its kind worldwide. It was jointly developed to market readiness in Germany by the printer schäfer-etiketten and Herma, with the aid of the PE film experts of Polifilm.

Half of the raw material for the label stock originates from industrial waste, and the other half from the single-use PE commonly discarded by households, typically in the form of plastic bottles and packaging remains.

PE film made from recycled material

-Why taking sustainability seriously is critical to business success

Concern for the impact we’re all having on the planet is now being voiced across the world. Today’s climate activists range from schoolchildren to leaders of nations, all fighting to drive change before it’s too late. The overarching message is clear – time is running out.

We’re all being called on to do more. Governments, industries, businesses and individuals. Every one of us has a contribution to make. UN Deputy Chief Amina Mohammed has repeatedly urged businesses to take a proactive stance to improve their own practices and engage with stakeholders to have a chance of achieving what are becoming essential sustainability goals. Thermoplastics Petrochemicals Preforms 

sustainability seriously is critical to business success

-G20 to tackle ocean plastic waste as petrochemical producers expand in Asia

Japan wants to make reducing the glut of plastic waste in the oceans a priority at the Group of 20 summit it is hosting this month as governments around the world crack down on such pollution.

Images of plastic debris-strewn beaches and dead animals with stomachs full of plastic have sparked outrage, with many countries, including more than two dozen in Africa, banning plastic bags outright.

PET Plastic Bottle waste

Thermoplastics Petrochemicals Packaging 15-06-2019

-China PP under pressure from trade war, new capacities

China’s polypropylene (PP)import and domestic markets face downwardpressure from prospects of supply glut and weakdemand, brought on by new capacities and thefallout in trade negotiations with the US.

Weak demand caused by escalatedUS-China trade war

Oversupply from new domestic andoverseas capacities

A market overview for first-half2019

Both import and domestic PP prices have beenfalling amid the US-China trade disputes, withdownstream demand hammered after the US slappedtariffs on $200bn in Chinese products from 10%to 25% as of 10 May.

Thermoplastics Petrochemicals Packaging

-The importance of sustainability in the supply chain

Transit packaging is a hidden cost when it comes to retail. It may seem like a simple problem but, in reality, it’s not that easy to solve. Aside from the initial cost of the materials and testing iterations, there’s also the cost of container optimisation – a challenge in itself when brands can have over 20,000 transit packaging options to their name. Once they have served their purpose, warehouse teams often cast aside the packaging remnants and send them to landfill – but what if retailers took a cyclical approach?

sustainability in the supply chain

-Cheaper sensors could speed more self-driving cars to market by 2022

The first heavily automated mass-market vehicles for consumers could go on sale as soon as 2022, if one or more vehicle manufacturers adopt a new sub-$500 lidar sensing package being developed by Silicon Valley startup Luminar.

The tremendous cost of lidar – prices for individual sensors currently range from about $6,000 to more than $100,000 – is one of the big stumbling blocks to the wide rollout of self-driving vehicles, whether in commercial delivery and robo-taxi fleets such as those being developed by Ford Motor and General Motors, or in passenger vehicles aimed at consumers. Thermoplastics Petrochemicals Packaging

Cheaper sensors could speed more self-driving cars

-Europe chems feel the pain of industrial slowdown,longer-term trends

While Europe’s economy continuesto expand, the slowdown in the manufacturingsectors is reducing demand for chemicals, withsome analysts forecasting that long-term trendsare only set to exacerbate this.

The 19-country eurozone is also suffering froma global slowdown in which Germany’s powerfulexport-oriented manufacturing sector has takena hit: the US-China trade war has indirectlycaused a slowdown for demand of Germanproducts, with the automobile sector being themain exponent of that. Thermoplastics Petrochemicals Packaging

Europe chems

-Resilience of Liquid Masterbatches Market to be sustained by Technological Advancements During 2022

Liquid masterbatches are used as a raw material in the processing of plastics in order to impart color or other special properties to the end product. There is an increased use of plastics the world over and this is driving the liquid masterbatches market along with a growing demand from end use sectors like automobiles, packaging and healthcare. The other factor propelling the growth of the liquid masterbatches market include increasing demand for colorful and innovative solutions from the luxury goods packaging industry.

Liquid Masterbatches Market

-So much plastic is being made that “recycling has no impact”

Recycling has been called a Band-Aid solution, but Dr. Max Liboiron, director of the Civic Laboratory for Environmental Action Research (CLEAR) in St. John’s, Newfoundland, had a far more poetic description when she said, “Recycling is like a Band-Aid on gangrene.”

Liboiron, who studies microplastics in waterways and food webs, is the subject of a 13-minute film called ‘Guts,’ created by Taylor Hess and Noah Hutton and published by the Atlantic  Thermoplastics Petrochemicals Packaging

recycling has no impact

-One of world’s largest bottle-to-bottle recycler tackles ocean plastic pollution with ocean-diverted material

As part of its closed-loop philosophy, CarbonLITE Industries, one of the world’s largest recyclers and producers of post-consumer PET (polyethylene terephthalate plastic) is launching a new category: 100% post-consumer ocean-diverted plastic. CarbonLITE’s newest offering will replace virgin materials for food, beverage, and cosmetic applications.  These products will have the dual benefit of reducing ocean plastics and the amount of virgin material produced.

bottle-to-bottle recycler

-Attack in Gulf of Oman lifts oil, shale outlook

New York, June 14 Shale producers stand to benefit from the oil-market volatility unleashed by an attack on two oil tankers in the Gulf of Oman, as US companies vie with the Organization of the Petroleum Exporting Countries (OPEC) for global market share, the media reported on Friday.

The incident near the Strait of Hormuz on Thursday, through which one-third of the world’s shipped oil passes, highlighted the risks associated with delivering oil from the Persian Gulf.

Attack in Gulf of Oman

-Coca-Cola to start building recycling facility this year

Coca-Cola Beverages Philippines Inc. (CCBPI) said on Tuesday the construction of its food-grade recycling facility would begin in the third or fourth quarter of the year and is expected to be completed by 2020.

“We are hoping to break ground this year and that [recycling facility] would be fully operational by 2020. Thermoplastics Petrochemicals Packaging

Coca-Cola to start building recycling

-Dover Digital Printing to Showcase New Technologies at ITMA

Downers Grove, Ill. – Dover Digital Printing, part of Dover, is announcing a range of new and enhanced products and technologies to be exhibited at the International Textile Machinery Association (“ITMA”) exhibition in Barcelona, Spain. Dover Digital Printing brands MS Printing Solutions, JK Group and Caldera will showcase new printing technology, specialized textile inks and the latest developments in raster image processor (“RIP”) software. Occurring once every four years, ITMA runs from June 20-26, 2019, and is recognized as the world’s foremost event for the textile and garment industries. Thermoplastics Petrochemicals Packaging

Dover Digital Printing

NPP POLYPLASTIC automotive components

NPP POLYPLASTIC wants to create a joint venture with Uzbek manufacturer of automotive components Uz-Koram NPP POLYPLASTIC automotive components 

NPP POLYPLASTIC automotive components

MOSCOW – NPP POLYPLASTIC, Russia’s largest manufacturer of thermoplastic composite materials, held talks with Uzbek-Korean manufacturer of automotive components Uz-Koram Co.  on the subject of cooperation, the press service of the enterprise.

The report said that in early June, the delegation of Uz-Koram Co. visited the headquarters of the leader of the Russian market of polymer compounds of NPP POLYPLASTIC. NPP POLYPLASTIC automotive components 

The parties discussed the prospects for the development of cooperation, as well as the possibility of creating a joint venture.  In the near future, new car production facilities should appear in Uzbekistan, including the international concerns Peugeot-Citroen and Volkswagen.  This will allow creating additional sales markets for the Russian compounder.

“The industry of Uzbekistan is constantly developing and needs high-quality raw materials. Given the high export potential of the composite POLYPLASTIC, we are very interested in developing cooperation with the Uzbek side,” said Pavel Kruglov, director of Polyplastic Trading House, following the talks.

Earlier it was reported that NPP POLYPLASTIC plans to increase the sales volume of composite materials to 100 thousand tons per year.  To achieve these indicators, in addition to actively promoting polymer materials to the domestic market, the company plans to significantly increase exports.

Uz-Koram Co is engaged in the production of dimensional components for the automotive industry of Uzbekistan.NPP POLYPLASTIC automotive components 

NPP “POLYPLASTIC” specializes in the production of thermoplastic composite materials and polymeric raw materials for processing by the method of injection molding, injection molding and extrusion.  The company is the largest supplier of composite materials and polymer raw materials in Moscow and other cities of Russia, annually increasing its production volume by 10-12%.  It has more than 35% of the Russian market of composite polymer materials for engineering and technical purposes.

mrcplast.ru

Author:   Anna Larionova

Thermoplastics Petrochemicals Compounds 14-06-2019

China – Polyethylene Terephthalate

PET and its chain continue to be  assessed mixed.

Crude oil continues its up/down.

Polyamide 6 and its chain are steady.

PET Bottle grade export 870/910 $/ton PET Bottle grade domestic market 6,950/7,050 yuan/ton PET Filament grade SD domestic market 6,450/6,550 yuan/ton – PET Filament grade BR domestic market 6,550/6,700 yuan/ton

PTA Taiwan 720/730 $/ton PTA domestic market 5,550/5,650 yuan/tonMEG  520/530 $/ton – MEG domestic market 4,200/4,350 yuan/tonPX Korea 810/820 $/ton

Polyester POY 150D/48F  domestic market 7,500/7,600  yuan/tonPolyester DTY 150D/48F  domestic market 9,150/9,250  yuan/tonPolyester Staple PSF domestic market 7,250/7,350 yuan/ton

Thermoplastics Petrochemicals Compounds

Crude Oil Prices Trend

Thermoplastics Petrochemicals Compounds

-NPP POLYPLASTIC wants to create a joint venture with Uzbek manufacturer of automotive components Uz-Koram 

NPP POLYPLASTIC, Russia’s largest manufacturer of thermoplastic composite materials, held talks with Uzbek-Korean manufacturer of automotive components Uz-Koram Co.  on the subject of cooperation, the press service of the enterprise.

The report said that in early June, the delegation of Uz-Koram Co. visited the headquarters of the leader of the Russian market of polymer compounds of NPP POLYPLASTIC.

Thermoplastics Petrochemicals Compounds

-Asian ethylene prices continue to journey south on Thursday

Ethylene prices in Asia dropped, for the second successive day, on Thursday. The price drop was triggered by persistent bearish regional buying sentiments coupled with plentiful product availability.
The price fall was further supported by weaker downstream PE demand and pricing trends.
Asian ethylene prices continue to journey south

-Vietnamese firms plan to penetrate Russian marketThermoplastics Petrochemicals Compounds

With the population of 143 million people, a GDP per capita approximating US$17,000 a year and the increasingly developing middle class which accounts for 10-25 percent, lots of Vietnamese firms have estimated that Russia is a highly lucrative, potential market for Vietnamese agricultural, forestry and fishery products, so they have been planning penetration into this market.

Firms like the Dakao Vietnam Company, that have stated that Russia is a new market in the cashew production and processing field. Formerly, Vietnamese firms majorly sold their products in the US,China and the Middle East. The company has been paying attention to market expansion and hopes that Russia will become a big market of the company. Thermoplastics Petrochemicals Compounds

Thermoplastics Petrochemicals Compounds

-Gebo AQFlex for FHPC

Capitalize on your product! AQFlex® supplies smooth single-lane conveying with full automatic changeover capability. Designed to fully respect fragile and premium containers, it gives you greater freedom to design attractive packaging shapes. An ideal solution for high-output production of unusually shaped or thin-wall containers!

Gebo AQFlex for FHPC

-Fujitsu pledges to reduce ocean plastic waste problem

Japanese multinational IT equipment and services company Fujitsu has announced plans to reduce its use of plastic in its business activities to help tackle ocean plastic waste.

Fujitsu’s pledge includes the withdrawal of plastic cups and straws and plastic-bottled drinks from its meeting spaces and café, and vending machines located on the company’s property. The vending machine bottled drinks will be gradually replaced with cans or paper cartons. The company said that this move will reduce the number of plastic bottles used from around seven million per year to zero.

ocean plastic waste problem

-Klöckner Pentaplast and Petcore Europe collaborate in recycling project

Klöckner Pentaplast (KP) recently ran a successful pilot as part of a Working Group with Petcore Europe to demonstrate that recycling post-consumer pots, tubs and trays made from PET from the domestic recycling stream can be used to manufacture more protective food packaging, creating a closed loop process for tray to tray recycling.

Thermoplastics Petrochemicals Compounds

-New Sustainable Fiber from Bottles at High Risk of Entering the Ocean

North Carolina based recycled fibre specialist, Unifi, has launched a new sustainable product dubbed REPREVE Our Ocean which is made from bottles collected within 50 kilometres of coastlines in countries or areas that lack formal waste or recycling systems. Thermoplastics Petrochemicals Compounds

North Carolina based recycled fibre specialist, Unifi, Inc. (NYSE: UFI), has launched a new sustainable product dubbed REPREVE Our Ocean™ which is made from bottles collected within 50 kilometers of coastlines in countries or areas that lack formal waste or recycling systems.

Unifi Launches Fiber Made From Ocean Waste for Greater Sustainability

-PET bottle resin prices start summer with a slump

It may be the start summer, when sales of cold beverages soar in North America, but prices for PET bottle resin aren’t rising with the temperatures.

Regional prices for PET bottle resin slumped an average of 3 cents per pound in May. The material remains in abundant supply, sources said.

Operating rates for PET resin as well as for paraxylene and MEG feedstocks remain low, sources said, making it difficult for producers to increase prices.

PET bottle resin

-Avantium targets 2023 opening for planned bioplastics plant and rebrands Synvina business.

“We expect that we need funding in place by the end of the next year of around €150 million, which is a combination of CAPEX, OPEX, start-up costs, working capital and running costs of this business until the plant is onstream.”

Dutch renewable chemicals company Avantium has announced that it has rebranded its Synvina business unit and is pressing ahead with plans to open its new bioplastics plant in 2023. Thermoplastics Petrochemicals Compounds

Avantium CEO Tom van Aken

-Mayer & Cie to show MJ 3.2 E electronic jacquard at ITMA13

Mayer & Cie (MCT) will display a mesh and body mapping specialist, the electronic single jersey machine MJ 3.2 E, at ITMA 2019, in hall H 8.0, booth C204. The leading textile and garment technology exhibition will be held from June 20-26, 2019, in Barcelona, Spain. MCT is a leading international manufacturer of circular knitting machines from Germany.

Body mapping, like a similar structure, mesh, is much in demand in the sporting market segment. Athleisure is currently a key growth driver for circular knits. Mesh is a net-like hole pattern. A finer basic thread, usually a monofilament yarn, is responsible for the hole structure while the thicker plating thread – cotton for example – provides the requisite thick spots.

Mayer & Cie to show MJ 3.2 E electronic jacquard

-McDermott wins paraxylene technology contract in China

McDermott (MDR +2.6%) moves higher after saying it was awarded a sizeable technology contract from Ningbo Union King Polyester Material for the technology license, process design engineering and operator training for a large paraxylene plant in Ningbo, China. Thermoplastics Petrochemicals Compounds

McDermott paraxylene technology

-INVISTA AND KOCH-GLITSCH EXPAND PARTNERSHIP TO OFFER EXOS FUEL-REFINING TECHNOLOGY

INVISTA Performance Technologies (IPT; Wichita, Kan.; www.invista.com) and Koch-Glitsch (Wichita, Kan.; www.koch-glitsch.com), affiliates of Koch Industries Inc., announced today an expansion of their partnership to offer the proprietary ExoS technology to customers. The technology allows refineries to generate an olefin rich C6/C7 raffinate with less than 10 ppm sulfur that bypasses the FCC naphtha hydrotreater for direct blending.

-INVISTA AND KOCH-GLITSCH EXPAND PARTNERSHIP

-Achieving a circular economy begins with the proper sorting of plastic packaging

recycled plasticsA big problem that contributes to low recycling rates both in Europe and North America is the difficulty of sorting. At the consumer level, it requires looking for the triangular symbol, knowing if the local recycler takes all seven numbers or only a few of them, and which ones. If there were an easier way to sort recyclable products, recycling rates would certainly go up.

circular economy begins with the proper sorting of plastic packaging

Thermoplastics Petrochemicals Additives 13-06-2019

China – Polyethylene Terephthalate

PET and its chain are assessed mixed.

Crude oil continues its up/down.

Polyamide 6 and its chain are steady.

PET Bottle grade export 870/910 $/ton PET Bottle grade domestic market 6,900/7,000 yuan/ton PET Filament grade SD domestic market 6,500/6,600 yuan/ton – PET Filament grade BR domestic market 6,550/6,700 yuan/ton

PTA Taiwan 720/730 $/ton PTA domestic market 5,450/5,550 yuan/tonMEG  525/535 $/ton – MEG domestic market 4,250/4,350 yuan/tonPX Korea 810/825 $/ton

Polyester POY 150D/48F  domestic market 7,500/7,600  yuan/tonPolyester DTY 150D/48F  domestic market 9,150/9,250  yuan/tonPolyester Staple PSF domestic market 7,250/7,350 yuan/ton

Thermoplastics Petrochemicals Additives

Crude Oil Prices Trend

Thermoplastics Petrochemicals Additives

-Eastman Launches Recycled Avra™ To Debut In Spring 2020 Performance Apparel  Thermoplastics Petrochemicals Additives 

Eastman Chemical Company announces Avra™ recycled performance fibers, transforming its existing performance fibers technology by producing with 100 percent post-consumer recycled PET material across the portfolio. This move underscores the company’s commitment to sustainability and moving towards a circular economy.

The new recycled Avra™ will offer the same quick drying times, wicking speeds and comfort as the brand’s previous virgin polyester product while helping reduce waste by upcycling post-consumer recycled PET bottles as feedstock for the fiber. This latest innovation from Avra™ will debut at the 2019 Outdoor Retailer Summer Market in Denver on June 18. Thermoplastics Petrochemicals Additives 

Thermoplastics Petrochemicals Additives

-Summit Plastics enhances sustainable plastic offerings

Company uses BioLogiQ’s NuPlastiQ bioPolymers and bioBlend resins.

Tom Nathanson, president and CEO of Mississippi-based Summit Plastics, has announced that the company is using BioLogiQ Inc.’s line of BioBlend XP and XD resins to produce a variety of more sustainable, polyethylene- (PE-) based products, such as trash can liners, courier bags, shrink film for boats, retail bags, industrial films and single wound sheeting.

These blended resins start with BioLogiQ’s NuPlastiQ BioPolymer, which is made from natural, renewable resources such as plants, and contains 100 percent USDA (United States Department) Certified Biobased content. When NuPlastiQ is combined with traditional polyolefins, the resulting BioBlend XP and XD resins reduce fossil fuel-based plastic usage and greenhouse gas generation, Summit Plastics says. XP resins are used primarily to produce PE-based films, while XD resins are used primarily to produce high-density-PE-based injection and blow molded parts and packaging.

sustainable plastic NuPlastiQ

-Quebec’s textile companies to participate in ITMA 2019

More than 30 companies and organisations from Québec’s textile and apparel sectors have joined forces to participate in a special mission to ITMA 2019, in booth #UL-D108. The most important international exhibition for technological innovations in manufacturing and textile and garment technologies will be held in Barcelona, Spain, from June 20-26, 2019.

The initiative, led by TechniTextile Québec, the CTT Group, the Fashion Cluster mode and the Workforce Sector Committee in Textile (CSMO Textile), will enable the companies to learn about the latest technological advances, according to a press release on the show. Thermoplastics Petrochemicals Additives 

Thermoplastics Petrochemicals Additives

-Europe PE, PP prices hold but lower upstream costs, US product could upend market

More polyethylene (PE) is expected to arrive in Europe in greater volume as capacities keep coming on stream in the US and elsewhere, particularly if trade flows continue to be affected by the US-China trade war.

– PE, PP prices supported by planned cracker outages

– Less-than-expected US PE arrives to Europe’s shores

– Lower upstream costs to influence sentiment

The extent of that US-origin PE influx, and the timing, will be key for European prices.

Most of the US’ new capacities are destined for export markets; while the destination of choice is Asia, political tensions on the back of the trade war, as well as the sheer volume of material coming on stream, mean that some of that material is bound to arrive in Europe.

Europe PE, PP

-Making Co-Innovation Count in the Chemical Industry

When AmSty, which produces polystyrene and styrene monomer, announced this spring that it is partnering with Agilyx on a joint venture that will fully recycle post-consumer polystyrene and turn it into new products, Brad Crocker, president and CEO of Texas-based AmSty, hailed the venture and the circular recycling process that underpins it as a step “toward a new future for plastics recycling.”

To take that step, the joint venture, Regenyx, will use a process developed by Oregon-based Agilyx to convert used polystyrene products like foam cups, foam packaging and single-use picnic items back to their original liquid form, styrene monomer.

Thermoplastics Petrochemicals Additives

-Government offers £4.7m to drive up plastics and textiles recycling

The UK generates around 2.4m tonnes of packaging waste a year and in 2015, around 300,000 tonnes of clothing were sent to landfill or incinerated

The government has launched a £4.7 million fund to help boost the recycling of plastic packaging and textiles.

Organisations in England are invited to apply for a share of the fund for innovative solutions to drive up recycling of hard-to-recycle materials such as plastic trays, pots and tubs, plastic films and pouches, as well as the recycling of textiles when they have reached the end of their life.

plastics and textiles recycling

-Scientists create bioplastic for food packaging that degrades in two years

It’s interesting that an article published in a prestigious publication like Phys.org would have scientific errors when it comes to plastics. I was astonished (in a negative way) when I read this headline of an article dated May 29, 2019: “Scientists create bioplastic for food packaging which degrades in two years.” Two years?

bioplastic for food packaging

-APR: Plastics recycling infrastructure needs help

Scene from the June 2019 APR meeting.Brands across the globe are announcing goals to use high levels of recycled plastic. But the companies that actually deliver PCR to the market are predicting a major hurdle: supply shortfalls.

At the June meeting of the Association of Plastic Recyclers (APR) last week, the group’s president said the wider recycling system in North America today simply isn’t robust enough to deliver enough high-quality recovered plastic to meet all of the recycled content hopes being outlined by consumer product giants.

“It would be like asking a 1979 Chevette to meet today’s EPA emission standards,” said APR’s Steve Alexander in his opening remarks at the event.Thermoplastics Petrochemicals Additives

Plastics recycling

-Post-consumer PET and HDPE prices remain stable

The price of natural HDPE seems to have leveled out at a historically low level, falling only 0.6% over the past month.

The national average price of post-consumer PET beverage bottles and jars remains constant at 15.42 cents per pound. Last month, the average trading price was 15.54 cents per pound. This time last year, PET was trading at an average of 17.11 cents per pound.

The price of post-consumer natural high-density polyethylene (HDPE) from curbside collection programs decreased this past month. The national average price is now 20.72 cents per pound, compared with 20.84 cents this time last month. One year ago, the national average for this grade was 37.69 cents per pound. By comparison, highs of 52.69 cents per pound occurred in October 2014. Thermoplastics Petrochemicals Additives

Post-consumer PET and HDPE prices remain stable

 

Thermoplastics Petrochemicals Sustainability 12-06-2019

China – Polyethylene Terephthalate

PET and its chain are weak,only Polyester filament are steady.

Crude oil is losing ground.

Polyamide 6 and its chain are steady.

PET Bottle grade export 870/915 $/ton PET Bottle grade domestic market 6,950/7,050 yuan/ton PET Filament grade SD domestic market 6,550/6,650 yuan/ton – PET Filament grade BR domestic market 6,600/6,700 yuan/ton

PTA Taiwan 720/735 $/ton PTA domestic market 5,450/5,550 yuan/tonMEG  520/535 $/ton – MEG domestic market 4,200/4,300 yuan/tonPX Korea 855/865 $/ton

Polyester POY 150D/48F  domestic market 7,500/7,600  yuan/tonPolyester DTY 150D/48F  domestic market 9,150/9,250  yuan/tonPolyester Staple PSF domestic market 7,250/7,350 yuan/ton

Thermoplastics Petrochemicals Sustainability

-Celebrating 10 years of pellet loss mitigation and contributing to the health of our oceans  Thermoplastics Petrochemicals Sustainability

Adela Putinelu, Sustainability Issues Executive at the British Plastics Federation, marks 10-years of Operation Clean Sweep, the international industry initiative to stop plastic pellet loss to the environment, with a special report looking at progress so far and next steps.

The health of our oceans is under increased threat from a suite of different anthropogenic activities with detrimental effects on marine ecosystems. Some of these include acidification, land runoff, overfishing and plastic waste pollution. Societal failure to tackle littering and to ensure effective waste management practices are in place has resulted in heightened levels of plastic waste from land-based sources escaping into the marine environment.

Thermoplastics Petrochemicals Sustainability

Crude Oil Prices Trend

Thermoplastics Petrochemicals Sustainability

-Avantium to build 5 ktpa FDCA, PEF flagship plant Thermoplastics Petrochemicals Sustainabilit

Avantium held its first Technology & Markets Day titled “Path to a fossil-free world” yesterday at the company’s headquarters in Amsterdam, the Netherlands. The management team provided an update on the strategy of Avantium and its technologies, including the strategy for Synvina and commercialization of PEF.

Avantium announced that it intends to build a cash-flow positive flagship plant with a planned annual capacity of 5,000 tons of FDCA (furandicarboxylic acid) and PEF (polyethylene furanoate) slated to start-up in 2023.  The plant will produce materials for high-value markets and performance applications such as high-barrier films and specialty bottles.

Thermoplastics Petrochemicals Sustainability

-Plastics Recyclers Europe releases plastic sorting guidance

Plastic packaging represents the biggest share of the European plastic demand and the waste generated and collected for recycling in Europe.

However, only 42 per cent of plastic packaging waste is recycled in Europe, highlighting the need for more sustainable and effective waste management practices.

In order to recapture the true value of packaging and regenerate it into high-quality products, the industry must focus on optimising current reprocessing practices. Increasing the amount and – more importantly – the quality of recycled output is directly affected by the quality of sorting practices.

Thermoplastics Petrochemicals Sustainability

-Plastics machinery shipments decline in first quarter

The shipments value of primary plastics machinery in North America declined in the first quarter of 2019, according to the statistics compiled and reported by the Plastics Industry Association’s Committee on Equipment Statistics.

While 2018 ended with strong plastics machinery shipments, 2019 has started soft, with the preliminary estimate of the shipments value from reporting companies totalling $273 million, 27.6 per cent lower than the fourth quarter of 2018.

Plastics machinery shipments

-Coca-Cola targets 100% collection, recycling of packaging by 2030

IN a bid to reduce plastic waste in the country, Coca-Cola Philippines introduced a road map towards packaging sustainability, which includes building a P1-billion recycling facility in the country.

This was in line with the company’s global campaign “World Without Waste” that started in 2018 that seeks to collect and recycle the same amount of plastic bottles it generates by 2030. Thermoplastics Petrochemicals Sustainability

“With our primary packaging in the Philippines being 100% recyclable, we see the potential of capturing its value by creating new and better approaches toward reprocessing and recycling recyclable plastic,” Coca-Cola Philippines President and General Manager Winn Everhart said in a statement.

Coca-Cola targets 100% collection, recycling of packaging

-BP: Petrochemicals Drive U.S. Oil Demand Boom

The United States saw its crude oil and liquids demand jump in 2018 at its fastest pace in over a decade on the back of growing petrochemical plant capacity that uses increased volumes of ethane from shale, according to BP.

U.S. oil demand grew by 500,000 bpd, or 2.5 percent, to 20.46 million bpd last year, S&P Global Platts quoted BP as saying in its 2019 Statistical Review of World Energy.

Production of oil and natural gas liquids (NGL) from shale plays in the United States rose by 2.2 million bpd in 2018, according to BP’s review. Thermoplastics Petrochemicals Sustainability

BP: Petrochemicals Drive U.S. Oil

-China vows to fight as US threatens to impose more tariffs

China will firmly respond and fight if the US insists on escalating trade frictions, while keeping its door open for talks to resolve the dispute, the Chinese foreign ministry said on Tuesday.

US President Donald Trump said on Monday that Washington may impose punitive tariffs on additional $300bn Chinese imports if no deal is reached with China President Xi Jinping during the G20 summit in late June.

Whether the two leaders will meet at the G20 forum in Osaka, Japan, “China no information to reveal so far”, Chinese foreign ministry spokesperson Geng Shuang said at a regular news briefing on Tuesday.

“China’s position on trade issues is very clear and firm. We don’t want to fight a trade war, but is not [afraid] of fighting the war,” he said.

China vows to fight as US threatens to impose more tariffs

-Weekly resin report: Spot PE, PP prices slide

Resin trading slowed a bit as we rolled into June: Offers were plentiful, prices were weaker and completed volumes tallied a tad below average, said the PlasticsExchange (Chicago) in its Market Update. A short-lived bull run in May was met with sharply lower energy and feedstock costs along with falling international resin prices, which has quickly shaken sentiment back to neutral, at best.

Spot polyethylene (PE) prices slid $0.01 to 0.02/lb last week, which threatens producers’ ability to implement their current $0.03/lb increase, though the April $0.03/lb increase remains intact. Spot polypropylene (PP) prices saw a similar decline last week, and the recent $0.045/lb cost-push increase enabled for May might already be peeled back in June. Resin export demand is strong, but at lower bids, which suppliers have not been eager to chase, at least not yet. Thermoplastics Petrochemicals Sustainability

Spot PE, PP prices slide

-Cyborg bacteria could be stored in local pools where family homes and businesses pump their CO2 waste to, suggest researchers.

Scientists have developed new organisms which can take carbon dioxide and nitrogen from the atmosphere and use it to produce plastics and fuels.

The nano-bio hybrid organisms are a “promising first step toward low-cost carbon sequestration” and eco-friendly plastics manufacturing, according to the University of Colorado.

Using light-activated quantum dots to activate special enzymes within microbial cells, the scientists have created “living factories” which eat harmful CO2.

This is then transformed into useful products such as biodegradable plastic, gasoline, ammonia and bio-diesel, the researchers claim.Thermoplastics Petrochemicals Sustainability

Cyborg bacteria could be stored in local pools where family homes and businesses pump their CO2 waste

-Argentina gets its first 100% recycled and recyclable dishwash bottle

In Argentina, consumers throw away around 12 million plastic bottles every day and yet less than a quarter of these get recycled. Our Cif brand is helping to tackle that problem with the launch of a 100% recycled and recyclable PET bottle.

“We believe that collective action is the only way to drive the transformational change needed to reach our sustainability goals.”

Since 2014, the brand has been working to incorporate more post-consumer recycled (PCR) PET* into its Cif Active Gel bottles. It reached 50% in 2017 and this year managed to achieve 100% in the packaging across the entire range.

Cif is the first dishwash brand in Argentina to put such an innovation on the supermarket shelves. But getting to this milestone wasn’t easy.

Argentina gets its first 100% recycled and recyclable dishwash bottle

-RadiciGroup Sustainability Team Recognised for Work Excellence by Confindustria Bergamo

On 7 June 2019, the Eccellenze al lavoro [Excellence at work] award ceremony promoted by Confindustria Bergamo, the chief manufacturing and service industries association in Bergamo, was held at the Fiera di Bergamo Exhibition and Trade Centre.

The event celebrated the workers of member companies as models of excellence for their professionalism and dedication to work.

This year, the 52 award recipients included the RadiciGroup Sustainability team, which was represented by some Group employees who received the award on stage.

In this year’s award ceremony, the 13th edition, recognition was given for the first time to work teams who were engaged in specific issues and distinguished by their talent, industriousness and capacity to innovate and share their knowledge and skills at work.

RadiciGroup Sustainability Team Recognised for Work Excellence by Confindustria Bergamo

Russia Bankruptcy Factory Auto

The court began consideration of the bankruptcy of Nizhny Novgorod “Factory Auto Russia Bankruptcy Factory Auto

Russia Bankruptcy Factory Auto

MOSCOW – The application of the POLYPLASTIC Research and Production Enterprise to declare Zavod Avtokomponent LLC bankrupt is accepted for consideration, the press service of the Scientific-Production Enterprise reported.

Earlier it was reported that on May 21, the Arbitration Court of Nizhny Novgorod accepted a claim for the introduction of bankruptcy proceedings against OOO TZK Avtokomponent.  The guarantee of the fulfillment of obligations under the supply agreement between NPP POLYPLASTIK and LLC TZK Avtokomponent was LLC Plant Avtokomponent. Russia Bankruptcy Factory Auto

Due to the fact that the obligations to pay for the goods were not met either by the main debtor (OOO TZK Avtokomponent) or by the guarantor (OOO Zavod Avtokomponent) NPP POLYPLASTIK also applied to the court for insolvency (bankruptcy) LLC Plant Automotive Component. ”

The court hearing to verify the validity of the application is scheduled for July 1.

In September 2017, NPP POLYPLASTIC completely stopped shipments to its largest consumer, OOO TZK Avtokomponent.  The company reported that at such an extreme measure it was forced to go long overdue debts of the plant “Avtokomponent”, which at that time amounted to about 90 million rubles.Russia Bankruptcy Factory Auto

The company notes that attempts to settle the issue of debt settlement through negotiations were not successful, and the payment agreements reached earlier were not fulfilled.  At the moment, the amount of outstanding debt is more than 100 million rubles.Russia Bankruptcy Factory Auto

NPP “POLYPLASTIC” specializes in the production of thermoplastic composite materials and polymeric raw materials for processing by the method of injection molding, injection molding and extrusion.  The company is the largest supplier of composite materials and polymer raw materials in Moscow and other cities of Russia, annually increasing its production volume by 10-12%.  It has more than 35% of the Russian market of composite polymer materials for engineering and technical purposes.

mrcplast.ru

Author:   Anna Larionova