EuPC and Unionplast present “A Circular Future with Plastics” on 24 & 25 May 2018 – EuPC Unionplast Circular Future Plastics

EuPC Unionplast Circular Future Plastics EuPC Unionplast Circular Future Plastics  EuPC Unionplast Circular Future Plastics  EuPC Unionplast Circular Future Plastics  EuPC Unionplast Circular Future Plastics  EuPC Unionplast Circular Future Plastics  EuPC Unionplast Circular Future Plastics  

EuPC and Unionplast present “A Circular Future with Plastics” on 24 & 25 May 2018

Felix Miessen

EuPC Unionplast Circular Future Plastics

The way forward between the EU Plastics Strategy and the industry’s Voluntary Commitments

Milan, on the 24th and 25th May 2018, will gather major representatives of the European plastics converting industry, to witness the commitment of the sector to the pillars identified by the European Strategy for Plastics in a Circular Economy. This event will be one of the most strategic and important moments of 2018 for the European plastics converting industry, which employs more than 1.600.000 people in 50.000 small and medium-sized businesses. Unionplast, the Italian association of plastics converters and EuPC, the European association of plastics converters, will bring together over 250 plastics converters from all over Europe to work together during two days of conferences, workshops and debates.

EuPC Managing Director, Alexandre Dangis: “The challenges towards 2030 will be many and to face them we need the commitment of the entire value chain, including converters, polymer producers, recyclers, brand owners and also consumers”.

The central theme will be “A Circular Future with Plastics” and the discussion will include topics such as the growing importance of waste prevention, or reuse and recycling in the light of the latest guidelines expressed by the European institutions in the European Strategy for Plastics and in the Voluntary Commitments of the plastics industry. During the first day on the 24th May, three “Market Divisions” covering Packaging, Automotive, Building & Construction will take place simultaneously. During the main conference on the 25th May, representatives of national as well as European politics and leaders of the European plastics industry will share their knowledge and experience on industry trends. The presence of the European Commissioner for Growth Elżbieta Bieńkowska will be the highlight of the Conference, in a moment where the “Plastics Strategy ” and the definition of the related action plans are taking shape.

Angelo Bonsignori, General Director of Federazione Gomma Plastica: “The new challenges of the European Strategy for Plastics in a Circular Economy require a joint commitment to achieve common goals. We need to work together to implement the principles of the circular economy such as eco-design along the whole value chain.. We also need to raise awareness of the citizens’ role in reducing waste and improving recycling. The challenge affects all companies, from family owned companies to large international ones, and is one of the key elements of the development prospects of our sector. The presence of entrepreneurs and managers in this event is therefore of fundamental importance”.

The event will take place in the Gallia Hotel in Milan. More information and registration details are available on the website circularfuturewithplastics.eu, on which soon the complete programme will be published. It is possible to register for the entire event or for specific parts only.

For more information contact Felix Miessen at felix.miessen@eupc.org.

EuPC and Unionplast thank their sponsors

And media partners

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In the UK can impose a tax on clothing made of nylon and polyester – The UK may impose a tax on clothing made of polyester and nylon to combat plastic waste that pollutes the waters of the world’s oceans – UK tax clothing nylon polyester

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In the UK can impose a tax on clothing made of nylon and polyester

UK tax clothing nylon polyester MOSCOW – The UK may impose a tax on clothing made of polyester and nylon to combat plastic waste that pollutes the waters of the world’s oceans, Ekho Moskvy reports.

The Ministry of Finance may announce a number of new taxes as part of the budget publication in November. Discussion of this issue, which received more than 100 thousand comments, ended on Friday, May 18.

The British government has long been struggling with plastic waste and intends to liquidate them by 2042. So, in autumn 2015, a tax of 5 pence was introduced in the country to purchase plastic bags in supermarkets. This measure helped reduce the use of packages by 83% in the first year.

The 22-year “polygon tax” for materials sent to the landfill is probably the most successful measure undertaken in the framework of the UK’s environmental policy. He helped reduce the volume of waste buried in the earth by more than 65%. In addition, he pushed companies to collect garbage to increase the volume of waste processing through a slow increase in taxes.

No major economy of the world has yet attempted to combat tiny fragments of plastic that, washed out of clothing, fall into the ocean and are consumed by marine inhabitants, causing them irreparable damage.

With the help of various environmental programs, including the plastic bottle tax and the package tax, half of the plastic that enters the world ocean has already been eliminated. However, many factors, such as synthetic fibers and pieces of automobile tires, still remain unaccounted for.

A tax increase on synthetic fibers for 5 years will encourage clothing manufacturers and retailers to use stronger materials and fabrics to reduce the likelihood of leaching particles, Green Alliance director Dustin Benton says. However, he does not consider the transition to cotton and wool as a solution to the problem, in particular, because of their high cost.

Green Alliance, together with Greenpeace, also calls for the taxation of the original plastic to stimulate the wider use of recycled materials. In addition, Greenpeace suggests that the government simply ban senseless plastic items, such as sticks for stirring. Other plastic products, for example, disposable cups should be taxed.

As previously reported, several well-known fashion manufacturers and retailers, Swedish company H & M and American Gap, as well as the Spanish brand Zara and British Topshop, refuse to use mohair, which is produced on the basis of yarn from Angora goat’s wool, in defense of animal rights. They decided to go to such a step after the organization People for Ethical Treatment of Animals (PETA) brought charges against South African farmers for ill-treatment of these mammals.

Earlier it was reported that McDonald’s, an American corporation, one of the world’s largest fast-food chain chains, will refuse plastic tubing in the UK this May.

mrcplast.ru

Author:                Anna Larionova

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Industry 4.0 comes to Atlanta – On the first day of the combined Techtextil and Texprocess North America shows taking place in Atlanta, Georgia this week, the high expectations currently being placed on digitisation and Industry 4.0 were most apparent – Industry 40 Atlanta

Industry 40 Atlanta Industry 40 Atlanta Industry 40 Atlanta Industry 40 Atlanta Industry 40 Atlanta Industry 40 Atlanta Industry 40 Atlanta Industry 40 Atlanta Industry 40 Atlanta Industry 40 Atlanta Industry 40 Atlanta 

Industry 4.0 comes to Atlanta

On the first day of the combined Techtextil and Texprocess North America shows taking place in Atlanta, Georgia this week, the high expectations currently being placed on digitisation and Industry 4.0 were most apparent.

In an opening press conference on May 22nd, Dennis Smith, president and CEO for the events, said that the 536 exhibitors from 32 countries spread over four halls at the Georgia World Congress Centre had set a new record, with exhibitors up 26% and square metres of space sold up 14%.

Industry 40 Atlanta

Dominating the exhibition is the 1,300-square metre High-Tex from Germany showcase.

“The USA is one of the most important export markets for German textile companies,” said Marc Lorch of Zwissler Holding and president of the High-Tex event. “Last year German companies exported textiles worth €688 million to the USA, in addition to textile machinery worth €84 million, making it the most important market for the country outside Europe.”

Dave Gardner, of Organiser Messe Frankfurt’s partner SPESA (the Sewn Products and Equipment Suppliers of the Americas) said that his industry was happier than it had been for a very long time with the opportunities presented for the reshoring of manufacturing being enabled by new technologies.

Industry 40 Atlanta

“They are ensuring that manufacturers can achieve the quality, reproducibility and speed required to thrive,” he said. “The US textile worker is now three times more productive than in 1980 and twice as productive as in 2000. US textile shipments are up 6.7% and the fashion market is now growing at 3.5-4.5%.”

Disruptive technologies on the horizon will soon become the norm, he added.

Lectra. © Adrian Wilson

He emphasised in particular the focus on microfactories, with US sewing leader Henderson and digital cutting specialist Gerber Technologies, for example, running a robot back and forth between the lines at their respective stands at the show, and Lectra introducing its new Cutting Room 4.0 Cloud-connected digital cutting solution on the first morning, among other highlights.

Industry 40 Atlanta

“Is there a true, 100% microfactory operating in th USA yet?” Gardner asked. “I really don’t know and that’s what I’ll be wanting to find out here. There are many examples of robotised and automated components, and a lot of people are looking at this concept with its promise of bringing automation and jobs back to where the key consumer markets are.”

Press tours organised by Messe Frankfurt highlighting the key developments at the show will be the subject of a further report in the next few days.

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Eurozone manufacturing hits 18-month low but growth remains ‘robust’ – The eurozone’s manufacturing industries growth hit an 18-month low in May but remained at “robust” rates despite a slowdown in Germany and France and a more cautious outlook from entrepreneurs across the 19-country currency union – Eurozone manufacturing growth robust

Eurozone manufacturing growth robust Eurozone manufacturing growth robust  Eurozone manufacturing growth robust  Eurozone manufacturing growth robust  Eurozone manufacturing growth robust  Eurozone manufacturing growth robust  Eurozone manufacturing growth robust  Eurozone manufacturing growth robust  

Eurozone manufacturing hits 18-month low but growth remains ‘robust’

Source:ICIS News

Eurozone manufacturing growth robust

LONDON (ICIS)–The eurozone’s manufacturing industries growth hit an 18-month low in May but remained at “robust” rates despite a slowdown in Germany and France and a more cautious outlook from entrepreneurs across the 19-country currency union, analysts at IHS Markit said on Wednesday.

While France and Germany slowed down, growth in the other countries across the area rose to a three-month high.

The Flash Eurozone Manufacturing PMI Output Index in May stood at 54.5 points, down sharply from 56.2 points in April.

A reading above 50.0 points marks economic expansion, while a reading below would show contraction.

The flash estimates released by Markit are composed of around 85% of the usual replies to the monthly survey.

However, after healthy performance in 2017, the industrial sectors in the eurozone are starting to have a more cautious outlook about future prospects, which in turn affected levels of recruitment, said Markit.

Nevertheless, the analysts said that growth of business activity in the eurozone in May remained robust, and pointed to how numerous public holidays across Europe during the month could have been a factor affecting the manufacturing sectors.

“While the surveys from February through to April had seen widespread cases of business activity being disturbed by temporary factors such as bad weather, strikes, illness and the timing of Easter, the May survey saw frequent reports of business being disrupted by a higher than usual number of public holidays, which workers often bridged on to weekends,” said Markit.

While rates of recruitment in some countries slowed down during May, Markit also observed “anecdotal evidence” of a shortage of both labour and raw materials in other countries, although the extent of such a constraints showed signs of easing during the month.

Elsewhere in the economy, the predominant services sector also slowed down slightly in April,

Manufacturers’ pricing power, however, remained weak, in line with the rates of inflation in the eurozone which consistently have come below the desired target of close to but below 2%, as per the European Central Bank (ECB) mandate.

The latest figures for the eurozone’s rate of inflation showed prices rising at a 1.2% in April, down from 1.3% in March and sharply down year on year from the 1.9% posted in April.

“The May survey also brought mixed news on prices. Input cost inflation accelerated to a three-month high, buoyed in part by higher fuel and energy costs, alongside signs of rising wage pressures in some countries,” said Markit.

“In contrast, average selling prices for goods and services rose at the slowest rate since last September, with companies often reporting difficulties in hiking prices amid weak final demand.”

Chris Williamson, chief economist at IHS Markit, said that at current rates of activity, second-quarter growth could come at 0.4%, which he described as solid.

He added that job creation, despite the slowdown, was still running at an “encouragingly” robust rate, adding that despite bleaker expectations from businesses, the index for business confidence remained at an above-average level.

“However, it’s also becoming increasingly evident that underlying growth momentum has slowed compared to late last year, especially in relation to exports … Some of the fog will hopefully lift with the June PMI data, providing a clearer signal of the underlying growth momentum,” said Williamson.

“Until then, however, it’s likely that the disappointing May survey results will rekindle some concerns regarding downside risks facing the eurozone economy.”

Pictured: The sculpture Rhine Orange next to the Duisburg industrial area, Germany
Source: Stefan Ziese/imageBROKER/REX/Shutterstock

By Jonathan Lopez
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CarbonLITE to Build New PET Recycling Plant in Pennsylvania – The $60 million plant is scheduled to begin operations in late 2019 – CarbonLITE PET Recycling Plant Pennsylvania

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CarbonLITE to Build New PET Recycling Plant in Pennsylvania

The $60 million plant is scheduled to begin operations in late 2019.

Waste360 Staff

CarbonLITE PET Recycling Plant Pennsylvania

CarbonLITE Holdings LLC has announced that PET bottle-to-bottle recycling leader CarbonLITE will build a new $60 million plant in Pennsylvania. This facility, which is slated to begin operations in late 2019, will enable the company to increase the number of post-consumer PET beverage bottles it recycles annually by 50 percent.

CarbonLITE is one of the world’s largest producers of post-consumer, bottle-to-bottle, food-grade PET resin, with plants in Riverside, Calif., and Dallas processing more than 4 billion post-consumer beverage bottles annually. The company’s customers use the resin created through the recycling process to produce new, sustainable PET bottles and thermoforming products.

“Through state-of-the-art facilities, technologies and equipment, CarbonLITE is fully invested in and committed to helping preserve our precious resources, reduce the PET industry’s carbon footprint, diminish our landfill problems and protect our waterways,” said CarbonLITE Chairman and CEO Leon Farahnik in a statement. “With the addition of the Pennsylvania plant, our three facilities will save more than 180,000 tons of greenhouse gas emissions each year.”

Nestlé Waters North America and PepsiCo are the primary consumers of CarbonLITE’s raw material in pursuit of their sustainability efforts.

Farahnik and the CarbonLite team believe that recycling is the only responsible option for PET. “Our motto is: ‘Treat the Earth well. It was not given to you by your parents, it’s loaned to you by our children,’” said Farahnik in a statement.

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Dhunseri buys out Egyptian partner’s stake in JV firm for Rs 90 crore – Dhunseri Egyptian Indian Polyester Company SAE EIPET

Dhunseri Egyptian Indian Polyester Company SAE EIPET Dhunseri Egyptian Indian Polyester Company SAE EIPET  Dhunseri Egyptian Indian Polyester Company SAE EIPET  Dhunseri Egyptian Indian Polyester Company SAE EIPET  

Dhunseri buys out Egyptian partner’s stake in JV firm for Rs 90 crore

By Anuradha Himatsingka

ET Bureau|

Dhunseri Egyptian Indian Polyester Company SAE EIPET KOLKATA: Chandra Kant Dhanuka-owned Dhunseri PetrochemNSE -9.99 % is buying out its Egyptian partner’s stake in the joint venture Egyptian Indian Polyester Company SAE (EIPET) for roughly Rs 90 crore.

As per the ‘share purchase agreement’ entered into between the two partners, Dhunseri Petrochem is acquiring 43,700 equity shares (representing 23% stake) of EIPET from Egyptian Petrochemicals Holding Company (ECHEM) at par value in seven tranches. The last tranche will be bought in 2023.

“We have already paid the first two instalments. The remaining shares will be kept in an escrow account and given to us in instalments when we make the payments. The partners will remove their directors from the company’s board after we secure the requisite approvals. We plan to start operation of the plant by August 2018,” said Dhanuka, executive chairman of Dhunseri Petrochem.
While Dhunseri Petrochem is the majority partner in the Egyptian company with a 70% stake, Egyptian firms, ECHEM and Engineering for the Petroleum & Process Industries (ENPPI) own 23% and 7% respectively. Total value of the JV stake is pegged at $17 million (approximately ?110 crore). IFC Washington, Commercial International Bank (CIB) and Ahil United Bank, Egypt are the lenders.
Post acquisition of ECHEM’s shares, Dhunseri Petrochem will own 93% stake in the Egyptian JV. The group has not taken any decision on buying out their second JV partner, Engineering for the Petroleum & Process Industries which holds 7% of the Egyptian firm’s equity, Dhanuka added.More on EIPET

Egyptian-Indian Polyester Company (EIPET) Company Profile

Egyptian Indian Polyester (EIPET) is constructing a polyethylene terephthalate (PET) resin plant in the port town of Ain Sokhna, Egypt. The new production facility will manufacture PET resin to be used to make packaging bottles for food and fast moving consumer goods (FMCG).

Construction of the $160m facility commenced in June 2011 and is expected to be completed by the end of 2012.

The plant will produce 420,000mt of PET plastic chips a year. About 20% of the produce will be used locally and the remaining will be exported to European and North American markets. The plant is expected to generate $700m in revenues when fully operational.

The PET resin plant will contribute towards the local community by creating 800 jobs during construction and another 500 permanent jobs when fully operational. In addition, it will create foreign exchange reserves for Egypt.

Facility details:
The plant will include PET production units, two HTM heaters, four monoethylene glycol (MEG) tanks (20m diameter and 16m height, three chimneys and six PET chip storage silos (6m diameter and 32m height).

In addition to the main production building, the plant will have two administrative buildings, two utility buildings, a utility substation, two raw water and fire water tanks, high tension power room, two weigh bridge rooms, two effluent treatment plants, two cooling towers and raw material and finished goods storage rooms.

During the process of PET resin production, the plant will generate 124t/d of waste water which will be treated and recycled for further use.
The other solid and hazardous waste resulting from the plant will be transported to the disposal centre in Alexandria for recycling and disposal.

Finance:
IFC has committed $35m towards construction of the plant. This loan was approved in May 2011.
In addition, the Commercial International Bank and Ahli United Bank have provided $65.5m of capital and $11.3m of working capital to EIPET.

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

IMF urges Saudi Arabia to resist temptation to spend, as oil prices rise

The New Arab

Saudi Arabia is pursuing an ambitious new project to transform the economy [AFP]

IMF Saudi Arabia crude oil prices
As oil prices rise, Saudi Arabia has been advised to avoid ramping up state spending and get its finances in order.

Saudi Arabia has been advised by the International Monetary Fund (IMF) not to increase spending, as oil prices reach $80 a barrel and are predicted to go higher.

The agency said that Riyadh should resist the urge to increase spending on the public sector and instead set its sights on balancing its budget.

“The primary challenges for the government going forward are to sustain the implementation of the bold structural changes that are underway, meet the medium-term fiscal targets it has set, and resist the temptation to re-expand government spending in line with higher oil prices,” the report said.

“Targeting a balanced budget in 2023 is appropriate. The government should now focus on delivering on this objective. Limiting the growth of government spending will be necessary to achieve the fiscal targets.”

Saudi Arabia began to cut back on its bloated public sector when oil prices tanked in 2014, dropping from $120 to less than $30 in 2016.

Attempts to massively curb spending saw GDP shrank in 2017 for the first time since 2009.

The IMF had earlier warned Saudi’s leadership not too cut spending too fast fearing it would risk slowing down economic growth and suggested Riyadh move its deadline for balancing its budget from 2020 to 2023.

Riyadh’s Vision 2030 economic plan – engineered by powerful Crown Prince Mohammed bin Salman – aims at shrinking the public sector, rapidly expanding the private sector, and balancing state budgets.

The IMF said that these steps have seen Saudi Arabia’s economy in a much healthier position.

“The government remains committed to wide-ranging economic and social reforms to transform the economy away from its traditional reliance on oil and to create a more dynamic private sector that creates jobs for the growing working-age population,” the IMF stated.

The economic plan aims at opening the economy up to foreign investment, and present the conservative society with more entertainment options and establishing a tourism industry.

State spending to achieve this target is huge with revenues brought it from the part-privitisation of state-owned oil firm Saudi Aramco hoping to fund these goals.

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

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

– IEA: OPEC Mission Near Completion as Oil Glut Vanishes – OPEC is on the verge of “mission accomplished” in its quest to clear the global oil glut that caused the worst industry downturn in a generation – IEA OPEC Crude Oil Glut

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