US June PE contracts rollover on higher oil, hurricane fears – US June PE contracts higher oil

US June PE contracts rollover on higher oil, hurricane fears – US June PE contracts higher oil  

 Source:ICIS News

HOUSTON (ICIS)–US June contracts for polyethylene (PE) were assessed at a rollover from May as higher crude-oil costs and supply concerns during the Atlantic hurricane season maintained a price floor.

US June PE contracts higher oil Price increase initiatives of 3 cents/lb ($66/tonne) remained on the table for June but were not implemented in most cases.

There had been expectations of lower prices given the strong run-up during the second half of 2017 following Hurricane Harvey. Also, producers were starting up new PE plants in the US in the second half of last year. US June PE contracts higher oil

Spot prices for feedstock ethylene also remain at multi-year lows on long supplies, although the length is partly due to slower than expected growth in production rates at US PE plants.

Higher crude oil prices have helped to keep a floor on PE prices as WTI futures are up more than $25/bbl compared with the same period of the past year, supporting higher prices in global PE markets.

Concerns about the possibility of supply disruptions stemming from the Atlantic hurricane season has also encouraged converters to keep more material in inventory, providing additional support to PE prices.

Converters are complaining about margin compression as they had budgeted for significantly lower raw material costs.

ICIS assessed June contracts for LLDPE butene film at 61-67 cents/lb ($1,345-1,477/tonne), high density polyethylene (HDPE) blow moulding at 64-68 cents/lb and low density polyethylene (LDPE) liner grade at 69-73 cents/lb, all on a delivered US in bulk basis.

Major US producers of PE include Chevron Phillips Chemical (CP Chem), DowDuPont, LyondellBasell, ExxonMobil, Formosa, INEOS, Total Petrochemicals and Westlake.

Photo above shows pipe made out of PE. Photo by Al Greenwood

US June PE contracts higher oil

By Zachary Moore
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ABL to recycle polyethylene terephthalate bottles – ABL recycle polyethylene terephthalate bottles

ABL to recycle polyethylene terephthalate bottles – ABL recycle polyethylene terephthalate bottles

ABL recycle polyethylene terephthalate bottlesABL in December 2017 introduced returnable glass bottle versions of Beta Malt

Accra Brewery Limited (ABL), a subsidiary of Anheuser-Busch (AB) InBev, says it will focus more on finding solutions for the recycling of its Polyethylene Terephthalate (PET) bottles, following the separation of the Brewery and Voltic.

Before the separation of the two entities, Voltic, which used the most PET bottles, took the lead on PET recycling for the combined business and continued to do so now.

This was done using small-scale recyclers since there was no large-scale recycling plant in Ghana for the recycling of the PET bottles.

Speaking to Journalists from the Institute of Financial and Economic Journalists after a tour of the Brewery’s newly expanded facilities, Mr Philip Redman, Country Director of ABL, said following the separation, ABL now had to work out what it needed to do to recycle its PET bottles.

“I totally agree we need to do much more,” he admitted, stating that ABL has been talking to some people about putting in for a recycle plant but said it was likely to do that in Nigeria quite soon.

He noted that the Brewery recognised the need to do more in that regard thus the move to put some of its products out of PET bottles and into glass bottles.

The company in December 2017 introduced returnable glass bottle versions of Beta Malt, its Malt brand, which was previously only in PET bottles.

This was in line with its 2025 sustainability Goal on reusable or recyclable packing, which requires the company partner suppliers to either make bottles 100 percent returnable or use majority of recycled materials by 2025.

“So we’ll be looking to see how we can move to that over the next few years, but we have much more to do, I don’t deny that. The good news for our business is that the vast majority of our business is in glass and it is in returnable glass, which from an environmental perspective is the best medium to go in,” he stated.

ABL, also as part of ABinBev’s global goal on Climate Action Sustainability aimed at sourcing 100 percent of its purchased electricity from renewable sources by 2025, is currently assessing a project to implement a mid-size on-site solar scheme, which will provide about three megawatts of electricity.

The company currently has streetlights on site which run on solar power, while it used bio-gas, generated from its production to power one of its boilers.

 

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-Closed Loop PET Bottle Recycling Demonstrations from AMUT & EREMA – AMUT and EREMA are inviting guests to watch washed post-consumer PET bottle flakes being recycled in a closed material loop process from 28 to 31 May 2018 at the AMUT headquarters in Novara, Italu – Closed Loop PET Bottle Recycling AMUT & EREMA

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Samsung Engg to build PE, PP units for Vietnam’s Long Son Petchem – Samsung Engg PE PP Vietnam Long Son Petchem

Samsung Engg to build PE, PP units for Vietnam’s Long Son Petchem – Samsung Engg PE PP Vietnam Long Son Petchem

Source:ICIS News

 Samsung Engg PE PP Vietnam Long Son PetchemSINGAPORE (ICIS)–Samsung Engineering has secured contracts worth Korean won (W) 615.3bn ($548m) to build two polymer plants in Vietnam for Long Son Petrochemicals (LSP).

A 450,000 tonne/year Package B high density polyethylene (HDPE) plant would be constructed for W338.3bn in Vung Tau in south Vietnam, the South Korean engineering firm said in a disclosure to the Korea Exchange on 27 June.

In a separate disclosure, it said that a 400,000 tonne/year Package C polypropylene (PP) plant would be built at the same site for W277bn.

These were lump-sum turnkey contracts over a four-year period.

LSP is Vietnam’s first petrochemical complex and is expected to be operational in 2022.

Located 100 km away from Ho Chi Minh City, the project will include a mixed-feed cracker, which can yield up to 1.6m tonnes/year of olefins depending on the feedstock mix, and is expected to produce some 2.7m tonnes/year of downstream products, including PE and PP.

Thailand’s Siam Cement Group (SCG) recently acquired an additional stake in LSP, making it an indirect owner of 100% of the $5.4bn project.

SCG’s wholly-owned subsidiary Vina SCG Chemicals bought the additional stake in LSP, raising its ownership to 82% stake, while the remaining 18% is held by Thai Plastic and Chemicals, another SCG’s subsidiary.

Top image: SCG broke ground at its US$5.4 billion flagship project of Long Sơn Petrochemicals (LSP) in Vietnam in February 2018. (Source: LSP website)

($1 = W1,122)

By Pearl Bantillo
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SIDPEC selects Honeywell UOP’s technology – SIDPEC Honeywell UOP technology

SIDPEC selects Honeywell UOP’s technology – SIDPEC Honeywell UOP technology

Published by Callum O’Reilly, Editor 

Hydrocarbon Engineering,

 SIDPEC Honeywell UOP technologySidi Kerir Petrochemicals Co. (SIDPEC) has chosen Honeywell UOP’s C3 Oleflex™ technology to produce 500 000 tpy of on-purpose propylene at its refinery in Amerya, near Alexandria, Egypt.

Honeywell will provide the process design package, proprietary and non-proprietary equipment, on-site operator training, technical services for startup and continuing operation, and catalysts and adsorbents for the project.

When completed, the SIDPEC unit will be the first Oleflex unit operating in Egypt.

“This plant will allow SIDPEC to expand its portfolio and take advantage of domestically produced propane to make products such as polypropylene,” said John Gugel, President of Honeywell UOP. “The Oleflex technology converts propane into high-quality propylene, which is rising in demand, particularly in growing economies.”

According to IHS Markit, annual demand for polypropylene in Africa was 1.9 million t in 2016. But due to rapid population growth and urbanization, this demand is expected to rise by an additional 1 million t in the next decade. Egypt is the top consumer of polypropylene in Africa, consuming about 4.4 kg per capita, and demand there is projected to grow by more than 5% annually through 2022.

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New Polymer Ups the Ante for Recycling – New Polymer Recycling environmentally harmless way

New Polymer Ups the Ante for Recycling – New Polymer Recycling environmentally harmless way

A team of chemists have produced a polymer that apparently has all the benefits of today’s plastic but can be recycled an immeasurable number of times.

If businesses, particularly manufacturers, can replace plastic with the polymer, one of the world’s most severe pollution problems could be minimized or halted.

A team at Colorado State University say their new product can be made in a relatively environmentally harmless way.  New Polymer Recycling environmentally harmless way

The material’s molecules can be turned into polymer at room temperature in only a few minutes with the use of small amounts of a catalyst, but no solvents. The polymer is lightweight, heat-resistant, strong and durable, just like a conventional plastic.

The first big difference, however, is that it is far easier to recycle than plastic, which requires toxic chemicals and complicated procedures. The material breaks down into its molecular state through a reaction with a catalyst and can be re-polymerized without having to be purified.

The second difference is that the law of diminishing returns does not apply as it does to plastic because the recycling process can be performed time and time again.

The Colorado researchers expect their discovery to confer enormous ethical and environmental benefits. Products made from the polymer would pass through the hands of industry, the retail sector and customers – but would have to be recycled and not placed in landfill holes or thrown into the oceans.

The ideal result would be that the plastic in use today would be banished and would no longer pose a threat to the planet.

The team will now investigate other ways to synthesize the polymer and will work on methods of ensuring that after use the material goes to recycling centers.

This product follows an earlier version that researchers found was soft, had poor heat resistance and had to be manufactured under extremely cold conditions.

Professor Eugene Chen, the lead researcher, said: “The polymers can be chemically recycled and reused, in principle infinitely. It would be a dream to see this chemically recyclable polymer technology materialize in the marketplace.”

Photo: Colorado State University

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-HOW BIG BRANDS ARE TRYING TO PULL OFF A RECYCLING REVOLUTION  – RECYCLING REVOLUTION SUSTAINABLE PACKAGING

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