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PET Recycling Industry Installed Capacity Reviewed

PET Recycling Industry Installed Capacity Reviewed   PET Recycling Industry Installed Capacity Reviewed

Source : PACKAGING  EUROPE

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2017 results Sales EUR 1147 million RadiciGroup


2017 results: Sales EUR 1,147 million, EBITDA EUR 160 million. A year of strong growth for RadiciGroup  2017 results Sales EUR 1147 million RadiciGroup  

2017 results Sales EUR 1147 million RadiciGroup

RadiciGroup Paolo,Angelo,Maurizio Radici

A solid Group operating with respect for people and the environment. Higher global net value added for stakeholders.

RadiciGroup 2017 sales significantly exceeded one billion euros: the Group – with over 3,000 employees, companies in 16 countries and 33 sales and production units engaged in chemicals, plastics and synthetic fibres – recorded consolidated sales revenue of EUR 1,147 million, a 20% increase over the prior financial year.
2017 results Sales EUR 1147 million RadiciGroup

Itema RadiciGroup

Group net income rose by over 60% compared to 2016, driven by an increase in sales volume, while Group EBITDA was EUR 160 million (+ 45%).
“Our competitive system operates with respect for people and the environment,” said Angelo Radici, president of RadiciGroup.2017 results Sales EUR 1147 million RadiciGroup
“The financial statement figures show that our Group is sound and in excellent financial condition, in spite of the high levels of uncertainty that characterize some of the widely diverse scenarios in which the Group operates.”
RadiciGroup’s strategy continues to focus on its strategic core business activities – nylon chemicals, engineering plastics and synthetic fibres – with the goal of improving its competitive position in the market and achieving an overall balance among the geographical areas where the Group operates in order to reduce dependency on single markets and boost cash flow to reduce debt and finance new initiatives in crucial markets.
“Our 2017 results are very positive and show higher Group growth compared to 2016, which has strengthened our balance sheet,” stressed Alessandro Manzoni, CFO of the Group.
“We are also very pleased with the results of the first half of 2018, which rose compared to the same period of 2017. However, in the second half of the year, we are in a more cautious position due to the new climate of political uncertainty, which, naturally, has an impact on markets, as well. The Group’s financial position is extremely solid.”
2017 results Sales EUR 1147 million RadiciGroup

RadiciGroup Speciality chemicals

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Process biodegradable polyesters polymerisation process

New process for creating biodegradable polyesters  Process creating biodegradable polyesters polymerisation process

Article by Amanda Doyle

Process biodegradable polyesters polymerisation process

Virginia Tech
The setup of the photoredox polymerisation, illuminated by blue LED light

RESEARCHERS have developed a new polymerisation process involving a light-activated catalyst that could be used to create biodegradable plastic.

Most plastics are made from a class of polymers known as polyolefins. These non-degradable polyolefins create a huge problem with plastic pollution, but biodegradable alternatives that match the properties of conventional plastics are challenging to develop due to the limited chemical structures of the alternatives.

Rong Tong, assistant professor in the department of chemical engineering at Virginia Tech, US, led a team of researchers in developing a new polymerisation process for polyesters which has the potential to replace polyolefins.

The arrangement of substituents along a polymer chain, known as tacticity, is key to controlling the thermal stability and crystallinity of the polymer. There are several different configurations possible; isotactic polymers have pendent groups that are all the same, syndiotactic polymers have alternating groups, and stereoblocks have blocks of alternating groups. Collectively, these are known as stereoregular polymers and they tend to have higher melting temperatures and improved mechanical properties over atactic polymers, where the units are arranged randomly.Process biodegradable polyesters polymerisation process

Process biodegradable polyesters polymerisation process
Different arrangements of subsequent units along polymer chains. Credit: Nature Communications Process biodegradable polyesters polymerisation process

Tong and colleagues created stereoblock polymers using stereoselective ring-opening polymerisation (ROP). Stereoselective polymerisation occurs when one particular geometrical arrangement of atoms – known as a stereoisomer – is formed in greater amounts over another stereoisomer.Process biodegradable polyesters polymerisation process

They used a versatile type of monomer called O-carboxyanhydride, which is derived from natural amino acids which make the monomer biodegradable. They combined a photoredox Ni/Ir catalyst – which uses a household bulb to start the reaction – with a stereoselective Zn catalyst to initiate the ring-opening polymerisation. The resulting stereoblock polymer has a high molecular weight, thermal stability and crystallinity, and can degrade in a basic water solution.

“If you use a regular catalyst, it doesn’t have stereochemistry control, but we found that our catalyst can do that,” said Tong.

Similar work had been performed previously with polylactide, but by controlling the stereochemistry, the researchers have been able to improve the physical and chemical properties of the resulting polyester.

“This polyester synthesis that controls the tacticity can provide a new library of polymer materials that we haven’t had before,” said Guoliang “Greg” Liu, an assistant professor in the department of chemistry. Process biodegradable polyesters polymerisation process

The polymerisation process has currently only been demonstrated at lab scale, but the researchers hope that it can be used to create biodegradable plastics in the future.

“It would be our dream to see these degradable polyesters materialise in the marketplace, for both the plastic industry and biomedical application,” said Tong.

Nature communications http://doi.org/gdcfqr

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-New route to synthesize bioplastics developed – While preparing oligoesters as part of regular experiments, researchers observed formation of a viscous solution which was behaving very similar to molecular self-assembly: disordered molecules were adopting a defined structure on their own – Route synthesize bioplastics

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Enzyme Helps Turn Plant Waste Sustainable Products

Chemicals

Researchers discovered a new family of enzymes which pave the way towards converting plant waste into sustainable products such as nylon, plastics, chemicals, and fuels.Enzyme Helps Turn Plant Waste Sustainable Products

The new family of enzymes are active on the building blocks of lignin—one of the main components of plants. Lignin is found in abundance in plant cell walls where it is used for defense, structure, and nutrient water transport. Because of its prevalence in plant tissues, lignin is the largest reservoir of renewable, aromatic carbon found in nature.

For decades, scientists have been trying to find a way to break down lignin efficiently. Now, a research team from the University of Portsmouth, located in Portsmouth, England, found a way of releasing a key bottleneck in the process of breaking down lignin to its basic chemicals. The results provide a route to making new materials and chemicals such as nylon, bioplastics, and even carbon fiber, from what has previously been a waste product.Enzyme Helps Turn Plant Waste Sustainable Products

The discovery also offers additional environmental benefits. Creating products from lignin can reduce reliance on oil to make everyday products and offers an alternative to burning it, helping to cut CO2emissions significantly.

“It’s an amazing material,” said Professor McGeehan, director of the Institute of Biological and Biomedical Sciences in the School of Biological Sciences at Portsmouth. “Cellulose and lignin are among the most abundant biopolymers on earth. The success of plants is largely due to the clever mixture of these polymers to create lignocellulose, a material that is challenging to digest.”

Enzymes are biological catalysts that perform reactions, breaking down some of the toughest natural and human-made polymers. The team of scientists made the discovery while conducting experiments to engineer naturally-occurring enzymes in an attempt to find new ways of breaking down natural and man-made polymers, which can take centuries to degrade in nature.Enzyme Helps Turn Plant Waste Sustainable Products

The newly-discovered enzyme is a class of cytochrome P450, and it is classified as ‘promiscuous,’ meaning it is able to work on a wide range of molecules. The new cytochrome has the ability to degrade many different lignin-based substrates, making it possible to be engineered to be a specialist for a specific molecule.

“There is a long-standing phrase—you can make anything out of lignin except money—but by harnessing the power of enzymes, this is set to change,” said Sam Mallinson, a PhD student in structural biology at the University of Portsmouth. “Using advanced techniques, from X-ray crystallography at the Diamond Light Source synchrotron, to advanced computer modelling, we have been able to understand the detailed workings of a brand new enzyme system.”Enzyme Helps Turn Plant Waste Sustainable Products

Lignin is hard to digest, but these newly found enzymes appear to do the job efficiently. Once P450 has separated the lignin from the plant waste, the created polymer can be incorporated into new materials including carbon fiber, textiles, and plastics.

“We now have one of the most well-known, versatile, engineerable, and evolvable classes of enzymes ready to go as a foothold for biotechnology to move forward and make the enzyme better,” said Dr. Gregg Beckham from the U.

Enzyme Helps Turn Plant Waste Sustainable Products

S. Department of Energy’s National Renewable Energy Laboratory.

The research team is currently collaborating with scientists from Franklin College of Arts and Sciences at the University of Georgia who found a way to speed up the evolution of this enzyme. Ellen Neidle, professor of microbiology at UGA, and her lab team helped create a method to accelerate the growth of a microorganism’s desirable traits. Together, the groups are working to discover and evolve even faster enzymes for turning lignin into high-value sustainable products.

“Lignin represents a vast potential source of sustainable chemicals, so if we can find a way to extract and use those building blocks, we can create great things,” McGeehan said.

Related Topics

-New project sees first results from horticultural wastes in the form of biodegradable films and nets obtained   New project horticultural wastes biodegradable films nets 

-Researchers use bacteria to produce biodegradable plastic – Bacteria produce biodegradable plastic

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Polymer prices rise despite plastic ban domestic demand

Polymer prices rise by 13% despite plastic ban, hit domestic demand  Polymer prices rise despite plastic ban domestic demand

Prices of plastic raw materials are linked with crude oil price variations in the global markets

Dilip Kumar Jha  |  Mumbai

Polymer prices are expected to remain firm in the near future
Polymer prices rise despite plastic ban domestic demand
Despite plastic ban, prices of its key raw materials have surged by a staggering upto 13 per cent over the last two months due to rising crude oil prices and robust consumption from export centric plastic manufacturers.

Data compiled by plastemart.com showed, prices of the benchmark B56003 grade high density polyethylene (HDPE) jumped by 13 per cent to Rs Rs 106,668 a tonne for delivery in Kolkata compared to Rs 94730 a tonne effective June 1. Trade sources said that the major polymer producers have raised their product prices further by Rs 1000-1500 a tonne effective July 1.

Prices of plastic raw materials are linked with crude oil price variations in the global markets. Rising polymer prices, following crude oil price rise, have reduced its demand from domestic-centric plastic industry despite export centric value added plastic manufacturers continued to perform well. Demand of polymer products was also hit because of ban on certain grade of plastics in major consuming states like Maharashtra. Apart from Maharashtra, six other states including Karnataka have banned manufacturer, distribute, sale and use of low grade of plastics.

“Polymer prices have jumped in the domestic markets due to a sharp increase in crude oil prices. While polymer demand has been impacted a bit due to plastic ban in Maharashtra and other states, its consumption continues from export oriented plastic industries of value added products,” said Pradip Thakkar, Vice Chairman of Mechemco Industries, one of India’s largest producers and exporters of value added plastic products.Polymer prices rise despite plastic ban domestic demand

While comparing polymer prices from January 1, HDPE prices have surged phenomenally by upto 36 per cent. Prices of other varieties of polymers including polypropylene, low density polyethylene (LDPE), linear low density polyethylene (LLDPE) and polyvinyl chloride (PVC) have also risen albeit slower that HDPE so far this financial and calendar years.Polymer prices rise despite plastic ban domestic demand

Polymer prices rise despite plastic ban domestic demand

According to The Plastics Export Promotion Council (Plexconcil) data, India’s export of plastics products posted a growth of 17.1 per cent at $8.8 billion during the financial year 2017-18 as against $7.56 billion in 2016-17, registering a faster pace of growth than the overall merchandise export growth from India. The merchandise exports from India touched $303.3 billion, registering a growth of 9.9 per cent in 2017-18 (provisional) vis-a-vis $275.9 billion in 2016-17.Polymer prices rise despite plastic ban domestic demand

“India’s plastics exports during the year were primarily boosted by higher shipment of plastic raw materials and value-added plastic products including Woven sacks/FIBC, Plastic sheets/films/plates, Optical items, Laminates, Packaging items, and Medical disposables to the European Union, North America, Latin America & Caribbean, and North-East Asia. India’s plastic product exports to the United States were valued at US$ 1.11 billion during the year,” said A K Basak, Chairman, Plexconcil.

United States, China and the United Arab Emirates (UAE) were top-3 destinations for India’s plastic products during 2017-18. These three countries accounted for 25.7 per cent of India’s plastic product exports, by value. Indian exporters are now targeting to achieve the US$ 1 billion export mark to the United States in FY18. Plastics contribute 2.92 per cent in overall merchandise exports from India.Polymer prices rise despite plastic ban domestic demand

Meanwhile, polymer prices are likely to remain firm in near future also on expectations of an upsurge in crude oil prices and firm demand from user industries.

“Banned products contribute less than 5 per cent of the entire plastic industry in India. Demand for other than banned products has been increasing consistently over the last several years. For banned products also, the government must focus on irresponsible disposal of used plastics instead of a blanket ban on certain grades of plastic products,” said Thakkar.

Crude oil prices, however, have jumped by 10 per cent and 14 per cent this financial and calendar year respectively to trade currently at $78.04 a bbl.

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Iran says Trump crude oil ban Iran self harm

Iran says Trump’s oil ban on Iran is ‘self harm’ — SHANA   Iran says Trump oil ban Iran self harm  

Iran says Trump oil ban Iran self harm
A support vessel flying an Iranian national flag sails alongside the oil tanker ‘Devon’ as it prepares to transport crude oil to export markets in Bandar Abbas, Iran, on Friday, March 23, 2018.

President Donald Trump’s pressure on international firms not to buy Iranian oil will drive prices higher and end up hurting his own economy, a senior Iranian oil official said on Wednesday.

Iran’s OPEC governor, Hossein Kazempour Ardebili, said oil should not be used as a weapon or to make political gains, according to the Iran oil ministry news agency SHANA.Iran says Trump crude oil ban Iran self harm

“Trump’s demand that Iranian oil should not be bought, and (his) pressures on European firms at a time when Nigeria and Libya are in crisis, when Venezuela’s oil exports have fallen due to U.S. sanctions, when Saudi’s domestic consumption has increased in summer, is nothing but a self harm,” he was quoted as saying.

“It will increases the prices of oil in the global markets,” he said. “At the end it is the American consumer who will pay the price for Mr. Trump’s policy,” he added.

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-$60 a barrel ideal oil price for India as it will bring investments: HPCL ..  $60 barrel ideal oil price India Hindustan Petroleum Corporation

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Parmalat Canada designs PET bottle Lactantia PūrFiltre milk

Parmalat Canada designs new PET bottle for Lactantia PūrFiltre milk  Parmalat Canada designs PET bottle Lactantia PūrFiltre milk

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