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GC “Titan” plans to launch the production of PET and BOPP films in the Moglino SEZ – The group of companies “Titan”, whose structure includes Omsk polypropylene plant (PP), Polyom, plans to start the production of PET pellets and BOPP films – GC Titan PET BOPP films

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GC “Titan” plans to launch the production of PET and BOPP films in the Moglino SEZ

GC Titan PET BOPP films MOSCOW – The group of companies “Titan”, whose structure includes Omsk polypropylene plant (PP), Polyom, plans to start the production of PET pellets and BOPP films in the territory of the special economic zone “Moglino” (Pskov region) group message.

The investment project of the GC “Titan” involves the launch of an industrial complex that allows the production of PET granules and BOPP films. The capacity of the new enterprise has not yet been reported.

The organizer of the project is LLC “Pskov plant Titan-Polymer”, which concluded with the Moglino SEZ an agreement of intentions on May 21.

“This project will be the driver of the growth of the Pskov region due to both the creation of the production complex and the development of enterprises that carry out further processing of its products,” commented Mikhail Sutyaginsky, Chairman of the Board of Directors of the Titan Group of Companies, specifying that 500 jobs will be created.

In March, the investment project of OOO “Pskov plant Titan-Polymer” was included in the short list of projects of the industrial forum of the North-West Federal District “Locomotives of growth: digital economy and new production”.

Earlier it was reported that in February of this year, a group of companies “Titan” and the government of the Omsk region signed a memorandum with Vnesheconombank on the implementation of the project to create the production of bisphenol A (BFA) and epoxy resins.

ZAO GK Titan is a Russian corporation, one of the largest companies in the CIS engaged in the production and marketing of synthetic rubber, phenol, as well as developments in the field of biotechnology.The petrochemical cluster of GC Titan includes OJSC Omsky Kauchuk, one of the leading Russian producers of synthetic rubber, and Omsk polypropylene plant LLC “Polyom”.

mrcplast.ru

Author:                Anna Larionova

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-Introduction of silicone additive for BOPP films / Non-migrating properties enhance printing and metallisation – Silicone additive BOPP films Nonmigrating properties

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Turkey launches anti-dumping investigation into Iranian polystyrene – Turkey’s Ministry of Economy has launched an anti-dumping investigation into Iranian polystyrene, according to a Turkish market – Turkey antidumping Iranian polystyrene

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Turkey launches anti-dumping investigation into Iranian polystyrene

London (Platts)-

 Turkey antidumping Iranian polystyrene Turkey’s Ministry of Economy has launched an anti-dumping investigation into Iranian polystyrene, according to a Turkish market source and local media Tuesday.

In the fourth quarter of 2017, Iranian polystyrene accounted for 12,334 mt of the 56,063 mt of polystyrene imports into Turkey, excluding expandable polystyrene, according to data from Turkstat.

Iran was the largest exporter of PS, excluding EPS, to Turkey in December 2017, surpassing Belgium, which was the largest exporter of PS, excluding EPS, to Turkey in both October and November.

Demand across Turkish polymer markets has been impacted in recent weeks by the decline of the Turkish lira against the US dollar. The weakness of the lira has led buyers to move to the sidelines, where possible.

CFR Turkey GPPS spot prices were assessed at $1,460/mt on May 16.

–Luke Milner, luke.milner@spglobal.com

–Edited by Maurice Geller, maurice.geller@spglobal.com

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Aquafil and Genomatica Collaborate on Project EFFECTIVE to Increase Adoption of Sustainable Materials – Aquafil and Genomatica Collaborate on Project EFFECTIVE to Increase Adoption of Sustainable Materials – Aquafil Genomatica Project EFFECTIVE Sustainable Materials

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Aquafil and Genomatica Collaborate on Project EFFECTIVE to Increase Adoption of Sustainable Materials

World News. [Genomatica; Aquafil via Globe Newswire via SPi World News]

Aquafil Genomatica Project EFFECTIVE Sustainable Materials   TRENTO, Italy and SAN DIEGO(GLOBE NEWSWIRE) — and announce the formation of Project EFFECTIVE, a multi-company collaboration to produce more sustainable fibers and plastics for commercial use by using renewable feedstocks and bio-based technologies. With participation from 12 companies, including brands like H&M, Carvico, Vaude and Balsan, Project EFFECTIVE is one of the broadest industrial-driven efforts to reshape entire product value chains and drive economic growth.

An infographic accompanying this announcement is available at

One of the key objectives of Project EFFECTIVE is to develop a more sustainable nylon, made from bio-based caprolactam produced using renewable feedstocks. The nylon will be validated by brands to make apparel and carpet textiles.

An infographic accompanying this announcement is available at

The initiative is funded in part through a grant from the , a public/private partnership between the European Union’s and the Bio-based Industries Consortium. Aquafil and Genomatica’s will pave the way toward the industrial production of bio-based nylon.

“More renewables in product value chains means more impact,” said Christophe Schilling, CEO of Genomatica. “More and more manufacturers and brands get it; more and more are taking action. We look forward to rapidly expanding the circle of action.”

More news and information about Genomatica; Aquafil

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Stora Enso accelerates Growth in Renewable Materials by Co-Operating with the Start-Up Sulapac – Stora Enso and Sulapac have signed a joint development agreement to combat the global problem of plastic waste by accelerating the use of fully renewable, recyclable and biodegradable materials in packaging – Stora Enso Renewable Materials Sulapac

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Stora Enso accelerates Growth in Renewable Materials by Co-Operating with the Start-Up Sulapac

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

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Low oil price era is ‘dead’ as crisis-stricken Venezuela risks a supply shock, analyst says

  • Prices in the oil market have been steadily rising since last year, with global benchmark Brent rising toward $80 a barrel Tuesday.
  • “I think the whole ‘lower for longer’ thesis is probably dead for a while,” Amrita Sen, chief oil analyst at Energy Aspects, told CNBC’s “Squawk Box Europe” Tuesday.
  • Venezuela’s President Nicolas Maduro is almost entirely dependent on crude sales in order to try to decelerate the country’s spiraling economic and social crises.
Sam Meredith | 

Crude oil price crisis Venezuela supply shock

Risk oil market could lose Iran’s exports keeps prices ticking higher: Pro  

The “lower for longer” oil price mantra is doomed, one oil analyst told CNBC Tuesday, amid heightened energy market fears of an imminent supply shock.

Prices in the oil market have been steadily rising since last year, with global benchmark Brent rising toward $80 a barrel Tuesday. An upswing in crude futures has largely been driven by OPEC-led production cuts and robust global demand. Yet, more recently, oil prices have rallied faster-than-expected due to elevated geopolitical tensions.

“I think the whole ‘lower for longer’ thesis is probably dead for a while,” Amrita Sen, chief oil analyst at Energy Aspects, told CNBC’s “Squawk Box Europe” Tuesday.

“We’re looking at such a big potential disruption on the horizon … So the risk that you could lose such a big volume of crude oil exports from the market is what is keeping prices ticking higher,” she added.

Venezuela poses ‘a bigger risk’ than Iran

Sen joins a chorus of analysts warning about further price spikes amid the combined impact of falling crude output in crisis-stricken Venezuela, renewed U.S. sanctions on Iranian crude exports and wars in Syria and Yemen that involve major oil-producing countries.

Last week, Pulitzer Prize-winning author and closely followed energy analyst, Dan Yergin, said he was particularly concerned about Venezuela — where the fundamentals of the oil market and geopolitics are both at play.

Oil workers conduct a drill in a petroleum well in Lagunillas at the east coast of Lake Maracaibo near Maracaibo City in Venezuela.

Crude oil price crisis Venezuela supply shock

Jorge Silva | Reuters
Oil workers conduct a drill in a petroleum well in Lagunillas at the east coast of Lake Maracaibo near Maracaibo City in Venezuela.

The Latin American country held disputed presidential elections on Sunday, in which socialist incumbent President Nicolas Maduro secured another six-year term in office. The vote, dismissed as a “sham” by the U.S. and several other global players, prompted President Donald Trump‘s administration to place fresh sanctions on Caracas on Monday.

When asked whether she also believed supply disruption from Venezuela constituted a greater risk than the potential impact of looming U.S. sanctions against Iran, Sen replied: “I think Venezuela is a bigger risk. Their exports now are barely 1.1 million barrels per day.”

“The U.S. came out with more sanctions overnight, not necessarily directly on oil, but again it just cripples their industry more and more. No major wants to operate there because they don’t have personnel, equipment … it’s a shambles.”

Spiraling crises

The latest move to add further sanctions against Venezuela is an attempt to block Maduro from selling off government debt to enrich himself less than 24 hours after he claimed victory in the election. Maduro’s leftist administration is almost entirely dependent on crude sales in order to try to decelerate its spiraling economic and social crises.

Meanwhile, the country’s state oil company, PDVSA, is also battling mounting problems after it recently lost control of its refining and storage assets in the Caribbean to U.S. exploration and production company, ConocoPhillips.

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UK’s Recycling Technologies signs £50m offtake deal with InterChem – UK chemical recycling start-up Recycling Technologies has signed an offtake deal with traders InterChem which will sell all the polymer feedstock – UK Recycling Technologies InterChem

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UK’s Recycling Technologies signs £50m offtake deal with InterChem

 Source:ICIS News

UK Recycling Technologies InterChem BARCELONA (ICIS)–UK chemical recycling start-up Recycling Technologies has signed an offtake deal with traders InterChem which will sell all the polymer feedstock – valued at £50m – produced by its plastics recycling facilities over the next five years.

Recycling Technologies said late on Monday it has developed technology which allows plastics from municipal waste to be converted chemically into a feedstock which can be fed back to chemical plants to produce recycled plastic.

Packaging which is difficult to recycle, such as crisp packets, can be processed.

The company aims to start up its first commercial-scale recycling unit at a municipal waste site near Perth, Scotland, at the end of 2018.

Recycling Technologies aims to build, own and operate 12 of the units over the next five years in the UK and northern Europe.

InterChem will sell the plastic feedstock produced by the plants which is known as Plaxx.

The facilities – each with a one tonne per hour processing capacity – will be manufactured in Swindon, UK, and shipped to waste recycling locations.

The company is currently negotiating to find sites for other plants it plans to build.

It is also looking for more chemical industry investors which wish to play a bigger part in the emerging circular economy.

Recycling Technologies aims to ramp up to producing up to 200 units/year in Swindon as demand for chemically-recycled plastic increases.

InterChem is also making a £1m equity investment in Recycling Technologies.

Separately, Recycling Technologies signed an offtake deal with UK wax manufacturers Kerax which has agreed to buy the Plaxx wax cut for the next five years, valued at £15m.

“We have been able to develop the technology that recycles even the difficult plastic packaging wastes, crisp packets, black trays and laminated materials,” said Adrian Griffiths, CEO at Recycling Technologies.

“These partnerships secure the commercial outlet for Plaxx, making all waste plastic packaging valuable material.”

Look out for a longer article on Recycling Technologies in the 25 May edition of ICIS Chemical Business

Picture source: Recycling Technologies

By Will Beacham
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Packaging Resins Market Extremely proficient in 2025 – The packaging resins market is expected to grow at high pace owing its soaring demand in various sectors such as healthcare and FMCG – Packaging Resins Market 2025

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Packaging Resins Market Extremely proficient in 2025

Packaging Resins Market 2025

Global Packaging Resins Market: Overview

The packaging resins market is expected to grow at high pace owing its soaring demand in various sectors such as healthcare and FMCG. The market is anticipated to expand at a robust CAGR of 7.6% within the forecast period from 2017 to 2025. The market was valued at around worth of US$192.17 bn in year 2017. This value is expected to reach around US$277.13 bn by the end of forecast period.

There is an extensive variety of resins available to meet particular needs. Adhesive resins make a solid bond between dissimilar materials, while sealant resins offer leak-free solidness. Barrier resins protect freshness, decrease flavor loss, and increases shelf life. Modifier resins help enhance packaging structure performance. Peelable lidding resins can seal to, and peel off of, nearly anything. Resins for molded products offer exceptional flexibility and durability.

On the basis of type, the packaging resins market is segmented into PP, LDPE, HDPE, PS & EPS, PET, PVC, and so on. Among these, LDPE is anticipated to be the leading segment owing to its properties, for example flexibility, toughness, moisture barrier, and chemical resistance. The affordability of LDPE resins at low price and varied usage in several sectors are likely to be the key factors behind the growth of the packaging resins market.

Global Packaging Resins Market: Trends and Opportunities

Plastic is frequently a more productive material to pick among the other options. That is on the grounds that plastics are extremely proficient to produce and they are lighter than other materials.

HDPE packaging resins are utilized to make numerous kinds of containers and bottles. Unpigmented containers are translucent, have great barrier properties and firmness, and are apt for packaging products with a short shelf-life, for example, milk.

LDPE packaging resins are utilized mainly in film applications because of its transparency, toughness, and flexibility, making it mainstream for use in applications where heat sealing is required. It is additionally used to make some jars and containers along with, cable and in-wire application.

PET packaging resins are tough, clear, and has great gas and moisture resistance properties. This resin is normally utilized as a part of drinking bottles and numerous injection- molded customer products jars. Cleaned, reused PET pellets and flakes are in high demand for making fiber for fiberfill, carpet yarns, and geotextiles.

PP has great chemical protection, is solid, and has a high melting point, which makes it useful for hot-fill liquids. This resin is found in rigid and flexible packaging, fibers, and huge molded parts for customer and automotive products.

Global Packaging Resins Market products: Regional Analysis

On the basis of geography, Asia Pacific region is the fastest-growing and the biggest market for packaging resins because of the soaring demand from food and beverages sector. Moreover, the rise in population in the nations such as India and China provide a huge customer base to food and beverages and FMCG products. As a result of this, the Asia Pacific region seems to lead the market in coming years as well.

Global Packaging Resins Market: Competitive Landscape

Some of the major players dominating the packaging resins market are Sinopec Corporation (China), ExxonMobil Corporation (US), LyondellBasell Industries Holdings B.V. (Netherlands), PetroChina Company Ltd. (China), SABIC (Saudi Arabia), and DowDupont Inc. (US). These firms are indulging themselves in the advanced business strategies in order to maintain their position in the market.

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-Sustainable packaging is more than recycling – It’s great to see the recent data on EU plastic packaging recycling targets, which showed that all member states have exceeded the minimum recycling target of 22.5% – Sustainable packaging recycling

-Has sustainable packaging arrived? – Without much fanfare, McDonald’s revealed on its website a commitment to eliminate polystyrene drink containers from its entire system by the end of 2018 – Sustainable packaging biological PET containers

Sustainability takes centre stage at Packaging Innovations 2018 – With the reduction of plastic packaging a current hot topic in the media, the UK’s only sustainable packaging event, Ecopack is more relevant than ever – Sustainability Packaging Innovations 2018

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