Neo Group starts new160,000 mt PET line

Neo Group starts new160,000 mt PET line

Neo Group starts new 160,000 mt/year Lithuanian PET line: source

London (Platts)-

Neo Group starts new160,000 mt PET lineNeo Group starts new160,000 mt PET line : Lithuania-based Neo Group’s new polyethylene terephthalate line started production last week, a company source told S&P Global Platts Friday.

The new line adds 160,000 mt/year of PET capacity to the company’s manufacturing complex near the port of Klaipeda in Lithuania.

The new line will take Neo Group’s annual PET production capacity to 500,000 mt, according to its website.

The European PET spot market has been tight over the last month due to feedstock PTA tightness.

PET was assessed at Eur1,400/mt FD NWE Wednesday, unchanged for the third consecutive week and at the highest levels since February 2012.

–Emmanuel Latham, emmanuel.latham@spglobal.com

–Edited by James Leech, james.leech@spglobal.com

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Polyester fiber upcycling technology : Loop Industries

Polyester fiber upcycling technology

Loop Inustries, Inc. activates breakthrough Generation II technology



Technology enhancement reinforces Loop’s position as innovation leader in the PET and polyester fiber upcycling industry

 Source: Loop Industries, Inc.

Polyester fiber upcycling technologyTERREBONNE, Quebec,  (GLOBE NEWSWIRE) – Loop Industries, Inc. (Nasdaq:LOOP) announced that they have successfully activated the next generation of their waste PET and polyester fiber upcycling technology which now allows for the continuous production of Loop™ PET products.

“Our Generation II technology is a major step forward in sustainable plastic,” says Daniel Solomita, CEO & Founder, Loop Industries, Inc. “It further reinforces our confidence that upcycling waste PET and polyester fiber  will be cost effective, scalable and very efficient on a commercial scale, which means we can help divert even more waste plastic from landfill and help prevent it from ending up in our rivers and oceans.”

Loop’s Generation II technology is significantly more streamlined and efficient than the Generation I process, including a considerable reduction in energy use and the complete elimination of water indicating that it may be the most resource efficient process for upcycling PET and polyester fiber upcycling technology in the world.  The most significant change introduced in the Generation II technology is Loop’s decision to produce a monomer from which it makes Loop™ PET resin and polyester fiber from terephthalic acid (PTA) to dimethyl terephthalate (DMT).

“Producing DMT during depolymerization allows us to streamline our technology and eliminate even more resources, time and cost needed to yield PET monomers of the highest purity,” added Mr. Solomita.

Loop’s short-term priority will be large-scale commercialization of this Generation II technology to respond to the demands of brand owners who have committed to ambitious sustainability targets, which can now be achieved through the use of Loop™ PET and polyester resin.

About Loop Industries, Inc.

Loop’s mission is to accelerate the world’s shift toward sustainable plastic and away from our dependence on fossil fuels. Loop has created a revolutionary technology poised to disrupt the plastics industry. This ground-breaking technology decouples plastic from fossil fuels by depolymerizing waste polyester plastic to its base building blocks (monomers). The monomers are then repolymerized to create virgin-quality polyester plastic that meets FDA requirements for use in food-grade packaging. Loop™ branded polyester resin allows consumer goods companies to meet and exceed their stated sustainability goals and circular ambitions. For more information, please visit www.loopindustries.com.

For more information:
Nelson Switzer
+1 (450) 951-8555

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New BOPET film factory : SRF makes new plant in Hungary

New BOPET film factory in Hungary / Investments pegged at EUR 60m
Indian conglomerate SRF (Gurgaon, Haryana; www.srf.com) said it would invest around EUR 60m for a new BOPET film factory it plans to build in the Hungarian city of Jászfényszaru, located 50 km east of Budapest
New BOPET film factory
BOPET film production (Photo: SRF)

Indian conglomerate SRF (Gurgaon, Haryana; www.srf.com) said it would invest around EUR 60m for a new BOPET film factory it plans to build in the Hungarian city of Jászfényszaru, located 50 km east of Budapest. The plant, which will create 100 new jobs, will have a BOPET film production line with a width of 10.4 m and an annual capacity at 40,000 t. Once production begins at the end of 2019, SRF’s plants will have a combined annual capacity of 220,000 t of BOPP and BOPET films, making it one of the biggest producers of both types of films.

In the financial year ending 31 March 2018, SRF generated sales of INR 55 bn (EUR 720m), up 16%. EBIT totalled just under INR 8 bn, representing a 1% increase.

The Packaging Films segment is the largest growth driver and also the most profitable division by far, outperforming its other business areas, such as Technical Textiles and Chemicals & Polymers. In the fourth quarter of financial year 2017-2018 alone, revenues at Packaging Films climbed by 39% and the operating result increased by 94%. In the final quarter, SRF’s sales rose 22% and EBIT jumped 38%.

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Packaging Sustainability – Henkel improves Sustainability

Henkel aims to improve Packaging Sustainability with new Group Partnership

Packaging Sustainability

Consumer goods company Henkel has announced a joint partnership with packaging manufacturer Mondi, plastics manufacturer Borealis and the recycling technology company APK in a collaboration that aims to ‘significantly improve the sustainability of plastic multi-layer flexible packaging.’

Intended for commercialisation and market launch in early 2019, the collaboration works with APK’s new solvent-based process called Newcycling, which ‘enables the recovery of high-quality clean-grade materials from complex multi-layer packaging,’ according to Klaus Wohnig, Managing Director of APK AG.

Meanwhile, Mondi has tested the suitability of recycled LDPE for multi-layer films from APK, tested on site at the research and development centre in Gronau, Germany.

Having carried out successful preliminary tests, the LDPE virgin material previously used in flexible detergent packaging was largely replaced by APK LDPE recycle. By using the LDPE virgin material, Mondi was able to maintain the appearance of the detergent bag.

Timo Müller, Key Account Manager for Henkel at Mondi, said, “The joint project meets the European Commission’s strategy, adopted in January 2018, which calls for all plastic packaging in Europe to be recyclable by 2030. It also underscores the feasibility of reusing flexible packaging waste in multiple cycles of a truly circular economy that preserves valuable resources and avoids waste without restricting product performance.”

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OPEC, After Bolstering Oil Prices, Considers Ramping Up crude oil Production

OPEC, After Bolstering Oil Prices, Considers Ramping Up crude oil Production

crude oil Production
Saudi Arabia’s energy minister, Khalid al-Falih, has led a shift among producers to raise production of crude oil.CreditHeinz-Peter Bader/Reuters

By Stanley Reed

VIENNA — Major oil-producing countries moved on Friday toward an agreement to jointly raise exports, a decision that has driven considerable division among them but that could temper criticism from President Trump.

Officials from the Organization of the Petroleum Exporting Countries, as well as other major producers like Russia, were set to increase their total crude oil production by less than 1 percent of the global oil supply. Though a relatively small addition to the world energy market, the move nevertheless signals a willingness by international suppliers to address rising prices.

“We will come out with an agreement to ease market concerns about the availability of crude oil,” Khalid al-Falih, Saudi Arabia’s energy minister, said on Friday in Vienna.

The price of Brent crude, the international benchmark, has been little changed at $74 a barrel over the past week, as traders expected a deal. But it briefly topped $80 a barrel last month.

The deal to cut output, reached in 2016, had been an extraordinarily cooperative effort by OPEC and other producers. Countries that had historically been at odds agreed to restrict their overall crude sales to bolster prices, though Saudi Arabia and Russia held back the most.

But the curbs have generated opposition among major oil consumers. Mr. Trump, perhaps with an eye on the midterm elections in November, has repeatedly criticized OPEC for maintaining what he said were “artificially very high” prices, while other major oil importers like India have also been critical.

Saudi Arabia, OPEC’s de facto leader and a major American ally, has for pushed a change in course. The country is an oil-producing juggernaut and has the spare capacity to quickly raise production. But others, particularly Riyadh’s regional rival Iran, have pushed back.

Iran is already exporting oil at close to its maximum capacity, and so will not be able to take advantage of the increase. In fact, the country would be likely to suffer because the increased supply would force prices lower, reducing Tehran’s government revenues. The timing is far from ideal for Iran, which is having to grapple with the possible impact of American sanctions on its energy sector.

The tensions have been evident here in Vienna. Iran’s oil minister, Bijan Zanganeh, stormed out of a preparatory technical meeting on Thursday, frustrated by what he saw as Saudi Arabia forcing through its proposals.

Saudi Arabia has gone from being a price hawk, wary of raising crude oilo production to alleviate increasing oil prices, to a dove. On Thursday, Mr. Falih told his colleagues at a seminar in Vienna that there could be a supply shortfall of 1.6 million to 1.8 million barrels a day of oil later this year, making a reversal of the cuts imperative.

“We are not going to allow a shortage to materialize to the point where markets will be squeezed and consumers will be hurt,” he said.

While he vowed to be “sensitive” to the concerns of producer countries like Iran and Venezuela that are unlikely to be able to raise crude oil production and benefit from increased production, he made clear that Saudi Arabia was determined to increase supplies.

Mr. Falih said he hoped to keep the group together, and to work in unison to head off extremes like prices that topped $100 a barrel in 2014, only to be followed by a sudden crash.

“One thing you can be assured of is, we will be responsive,” he added. “We will release supplies.”

The prospect of increased supplies — Russia and Saudi Arabia had proposed the outlines of Thursday’s deal last month — has helped cool off what had been fast-rising prices. What happens to those prices now may depend on factors that are out of OPEC’s control. Among them are the possible impact of American sanctions on Iran’s oil sector, and the continuing collapse of Venezuela’s crude oil production, as well as the consequences of a widening array of trade disputes on economic growth and demand for oil.

The changing American role in world energy markets is itself a variable. While Mr. Trump is leaning on OPEC to keep gasoline prices down, the United States is on the verge of becoming the world’s largest oil producer, as well as a major exporter of both oil and gas.

“I think this rearranges the mental geography of the global oil market and, really, geopolitics,” said Daniel Yergin, an oil historian observing the OPEC meeting in Vienna.

The transformation of the American oil industry over the last few years, largely as a result of shale drilling, has turned the United States from a major energy importer into a petroleum powerhouse. That has led Saudi Arabia and Russia, the world’s two other leading oil producers, but which have not always seen eye to eye, to create a bloc large enough to influence prices.

But the pre-meeting fireworks with Iran showed how hard it would be to preserve unity among other producers, now that prices have risen. Tehran, in particular, has been infuriated by the Saudi call for increased crude oil production. The country has also been particularly affected by the rise in United States oil exports — the resurgent American sector has made it easier for Mr. Trump to risk reimposing sanctions on Iran, which throttle back what had been rising oil exports from the Gulf country.

Venezuela is also vulnerable to American pressure, thanks to the strengthened United States energy industry. Sanctions from the United States have prohibited the sale and purchase of Venezuelan debt, including bonds issued by the state oil company, Petróleos de Venezuela, and banning the use of the country’s digital currency, the petro.

That has crimped the energy company’s ability to refinance $50 billion in bonds that it has defaulted on since last year. Elsewhere, fighting in Libya has cut into global supplies, as well.

“Stability is elusive,” Edward L. Morse, the head of commodities research at Citigroup, said at a seminar in Vienna.

Clifford Krauss contributed reporting from Houston.

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Plastic waste : China plastic waste ban makes pollution

China’s plastic waste ban to result in landfill overuse, pollution

China’s import ban on plastic waste could result in overuse of landfills and about 4m-12m tonnes of the commodity material ending up in the ocean on an annual basis


Source:ICIS News

 Plastic wasteSINGAPORE (ICIS)–China’s import ban on plastic waste could result in overuse of landfills and about 4m-12m tonnes of the commodity material ending up in the ocean on an annual basis, a report by the American Association for the Advancement of Science (AAAS) said late on Wednesday.

China on 31 December 2017 implemented a policy permanently banning imports of non-industrial plastic wastes.

“An estimated 111m tonnes of plastic- waste will be displaced with the new Chinese policy by 2030,” according to the research report titled “The Chinese import ban and its impact on global plastic waste trade”.

“Suggestions from the recycling industry demonstrate that, if no adjustments are made in solid waste management, and plastic- waste management in particular, then much of the waste originally diverted from landfills by consumers paying for a recycling service will ultimately be landfilled,” AAAS said.

Eight types of plastic waste from consumer goods are now banned including plastic- waste polymers of PE, PS, PVC, PET, and others (for example, PP), as well as bales of PET plastic bottles, aluminum plastic film, and compact disk/digital video disks.

“While recycling and the circular economy have been touted as potential solutions, upward of half of the plastic waste intended for recycling has been exported to hundreds of countries around the world,” AAAS said, adding that China, which imported a cumulative 45% of global plastic waste since 1992.

Only 9% of plastic- waste has been recycled worldwide, with 80% of global plastic- waste being landfilled or ending up contaminating the environment, AAAS said.

“As 89% of historical exports consist of polymer groups often used in single-use plastic food packaging (polyethylenepolypropylene, and polyethylene terephthalate), bold global ideas and actions for reducing quantities of nonrecyclable materials, redesigning products, and funding domestic plastic- waste management are needed,” it added.

By Nurluqman Suratman
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Beaulieu International CO2 emissions : Waterway transport

Beaulieu International CO2 emissions

Beaulieu International reduces CO2 emissions by 300 tonnes

Beaulieu International CO2 emissions : Beaulieu International Group (B.I.G.) has announced the results of its global multimodal logistics platform, which uses waterway transport to reduce its dependency on truck transport

Beaulieu International CO2 emissions : Beaulieu International Group (B.I.G.) has announced the results of its global multimodal logistics platform, which uses waterway transport to reduce its dependency on truck transport. This programme reduced the company’s container transport-related CO2 emissions by 36% in 2017 and is scheduled to achieve a further 55% reduction in the coming years.

Since the start of the programme in 2015, it has grown substantially and now 60% of B.I.G.’s output by container is transported via barges starting at the River Terminal Wielsbeke (RTW). The RTW acts as B.I.G.’s global inland hub, connecting the company to major shipping routes and destinations around the world via the Port of Antwerp. The container transport organisation has been set up in close cooperation with RTW operator Delcatrans, who provides barge transport services, and Manuport Logistics, who acts as 4 PL (Fourth Party Logistics) partner for B.I.G.

Beaulieu International CO2 emissions

Previously all container cargo went by truck to the Port of Antwerp, a distance of 90 km. By changing to water transport, journey times have become more reliable as traffic congestion doesn’t have to be factored in; there are fewer trucks on the roads reducing traffic for other road users; and the company’s CO2 emissions have fallen. In 2017, the company shipped 3,000 containers via combined road + barge transport, reducing CO2 emissions by 300 tonnes, compared with pure road transport.

“B.I.G. is committed to providing efficient and sustainable transport solutions,” explained Isabelle Vandamme, Group Supply Chain & Procurement Director, B.I.G.. “That’s why barge transport from RTW to the Port of Antwerp is so important for B.I.G. and will continue to be so in the coming years. In fact, our target is to increase barge use by 10% this year and barge capacity is planned to increase from 60 to 90 TEU (Twenty-foot Equivalent Unit) in the coming years.”

Beaulieu International CO2 emissions

Beaulieu International CO2 emissions : Beaulieu International Group transported 3,000 containers via RTW. This is 60% of all containers from the 12 Belgian B.I.G. entities. RTW handled 15,000 TEU via barge in 2017. 5,100 TEU from B.I.G. – more than a third of the RTW’s volume. With more than 72 million tonnes, a record volume of goods was transported on the Flemish waterways in 2017. This is an increase of 6.5% on the previous year. In terms of containers, a new top performance was achieved with 832,000 TEU – an increase of 11.5% on 2016.

“Even though this sustainability programme is primarily the responsibility of our transport and logistics departments, we believe its success wouldn’t have been possible without the support of our entire organisation, and this philosophy carries through to the other sustainability programmes that we are currently investigating and testing. If these programmes prove to be as successful as we expect, we will shortly roll them out across the entire company,” said Luc Speecke, Chief Operating Officer.


Source  :  Innovation in Textiles

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Oil prices rally OPEC agrees smaller output

Oil prices rally after OPEC agrees to smaller-than-expected production boost

OPEC agrees to reduce overcompliance with production-cut pact

Saudi Energy Minister Khalid Al-Falih.

By MyraP. Saefong

Markets/commodities reporter


Deputy markets editor

Oil prices rally :Oil prices rallied Friday, feeding a hefty gain for the week, as OPEC members agreed to raise output, but by an amount that appears likely to be less than traders had feared.

August West Texas Intermediate crude on the New York Mercantile Exchange CLQ8, +4.90%  rose $2.94, or 4.5%, to $68.48 a barrel, poised for its highest finish in more than three weeks.

Prices for the contract, which became the front-month futures contract at Wednesday’s settlement, traded 5.8% higher for the week.

August Brent crude  climbed $1.75, or 2.4%, to $74.80 a barrel, rebounding from Thursday’s finish at $73.05, which was the lowest for the international benchmark since April 17. The contract was set for a weekly rise of roughly 1.9%, the first such rise in a month.

News reports said oil ministers gathered for the meeting of the Organization of the Petroleum Exporting Countries in Vienna agreed to a nominal increase in production of 1 million barrels a day, but left the figure out of the final statement. An agreement to reduce overcompliance with an existing agreement on production cuts would mean the increase by OPEC members would be less than that, analysts said.

In a statement, OPEC members said they would “strive to adhere to the overall conformity level of OPEC-12, down to 100%,” as July 1.

Under the deal set in November 2016 and implemented in January 2017, 12 of the OPEC members agreed to cut their production by 1.2 million barrels of oil a day from late 2016 levels. They have cut even more than the requirement. With OPEC pegging compliance at 152% in May of this year, that’s an extra output reduction of about 624,000 barrels a day, which they plan to add back into the market.

“It appears that the intent is for OPEC to increase about 624,000 barrels a day depending on which production numbers you use,” said James Williams, energy economist at WTRG Economics.

Oil prices rally :“It is an OPEC group quota, not individual country quotas. That means that the Saudis and others will be able to make up for the inability of some members, particularly Venezuela, to produce at their previous quota,” he said. “The lion’s share will come from Saudi Arabia with most of the rest from Kuwait and United Arab Emirates.”

But Williams pointed out that the total oil added to the market “will be greater than the 624,000 b/d since we anticipate that the Russians and other cooperating countries will do the same. This means that the OPEC and non-OPEC coalition will be adding close to a million [barrels a day] to the market.”

OPEC members will officially meet with their non-OPEC allies on Saturday, beginning at 10 a.m. local time in Vienna, or 4 a.m. Eastern time. A press conference will be held at 1 p.m. Vienna time.

As Khalid al-Falih, Saudi Arabia’s energy minister, left Friday’s meeting, he said the agreement was to increase oil production by 1 million barrels a day, according to various news reports. Nigerian oil minister Ibe Kachikwu said the 1 million-barrel agreement would see OPEC members raise output by at least 700,000 barrels a day, with non-OPEC countries, led by Russia, adding the rest, according to the Financial Times.

The fact that the 1 million-barrel figure was not mentioned in the official statement suggests a possible concession to Iran, according to the report from the Financial Times. Iran faces renewed U.S. sanctions after President Donald Trump abandoned the 2015 nuclear deal with Tehran. The sanctions threaten oil supplies from Iran.

Oil prices rally :OPEC on Friday also granted membership to Congo, effective immediately. The group’s next regular meeting is set for Dec. 3 in Vienna.

In other energy products, July gasoline rose 2.1% to $2.055 a gallon, while July heating oil  gained 2.1% to $2.113 a gallon. Both contracts were on track for weekly gains of more than 1%.

July natural gas  gave up nearly 1.5% to $2.932 per million British thermal units, trading about 3% on the week.

—Barbara Kollmeyer and Biman Mukherji contributed to this article

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