Saudi petrochemical MEG prices September 

Sabic increased MEG prices by USD10 per tonne    Saudi petrochemical MEG prices September 

 Saudi petrochemical MEG prices September  MOSCOW – Sabic, the largest Saudi petrochemical company, has raised the contract price of monoethylene glycol (MEG) to supply material to the Asian market in October at USD10 per tonne compared to the September price level, ICIS source in the company said.

Thus, the company’s contract prices for September deliveries to Asia will be at USD1,120 per tonne, CFR Asia.Saudi petrochemical MEG prices September 

MEG prices are under pressure of slowing sales of polyester.  Nevertheless, demand is expected to remain at a high level in September and October, as no major changes are expected in the loading of polyester production capacity.

MEG, along with TPA, is one of the main raw materials for the production of polyethylene terephthalate (PET).Saudi petrochemical MEG prices September 

According to the ScanMap of the company MRC, in Russia the estimated PET consumption in July of this year increased by 2% compared to the previous year.

In total, in the first seven months of this year 387.29 thousand tons of PET were processed in Russia.  During the reporting month, Russian plants produced 52.90 tons of material.

The volume of production of PET granulate in July compared to last year increased by 2%.  For the period January-July, the production of Russian PET practically did not change – 334.74 thousand tons in 2018 against 331.39 thousand tons in 2017.

Sabic is a diversified company producing chemical products, industrial polymers, fertilizers and metals.  It is the largest state company in Saudi Arabia.

Sabic is currently the world’s second largest producer of ethylene glycol, the third largest producer of polyethylene, the fourth largest producer of polypropylene.

Sabic reduced its net profit last year by 7% to SR23.43 billion (Saudi reais), which is equivalent to USD6.24 billion, as the average price of sold products and the increased sales volumes decrease.Saudi petrochemical MEG prices September 

mrcplast.ru

Author:   Anna Larionova

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Hengli World Largest PTA Producer

Hengli Sets Out Plans to Become World’s Largest PTA Producer  Hengli World Largest PTA Producer

Xu We

Hengli World Largest PTA Producer
Hengli Sets Out Plans to Become World’s Largest PTA Producer

(Yicai Global) Sept. 17 — Hengli Petrochemical aims to become the biggest maker of purified terephthalic acid globally as the Chinese chemical giant looks to benefit from sharp increases in the price of the high-performance plastic raw material seen in recent months.Hengli World Largest PTA Producer

Hengli has put forward a CNY3 billion (USD436 million) plan to boost annual output by 2.5 million tons, Xinhua News Agency-backed Securities Daily reported today. The Dalian-based firm previously proposed a 2.5 million tons increase in output in April as part of a separate expansion plan.Hengli World Largest PTA Producer

The combined additions would nearly double total capacity to 11.6 million tons making the company the biggest PTA producer globally. Hengli did not confirm a timeframe for the expansions.Hengli World Largest PTA Producer

PTA is in high demand among chemical firms as a key organic raw material for downstream products of p-xylene and crude oil and the upstream products of polyester, polyester staple fibers, polyester filaments and PET bottle flakes. Prices have increased by half since July reaching CNY9,300 (USD1,350) per ton, up from CNY6,000.

Hengli will tap US chemical intermediates giant Invista for technologies to be used in the expansions, the firm’s Security Relations Contact Gao Ming said, adding that the company’s latest solutions provide low energy consumption and low cost in investment compared to currently used facilities.Hengli World Largest PTA Producer

Editor: William Clegg

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Demand plastics Fakuma plastics processing

Demand for plastics and plastics processing remains high   Demand plastics Fakuma plastics processing 

 Author / Editor: / Rosemarie Stahl

Demand plastics Fakuma plastics processing
Plastic processing in all forms: Fakuma expects visitors from all over the world to come to Friedrichshafen in October to witness the latest trends and technology innovations from the plastics industry. (Source: P. E. Schall)

From 16 to 20 October, people from all over the world will come to Friedrichshafen, Germany, to see the latest trends in plastics processing. More than 1,800 exhibitors will present their international offerings at Fakuma, a leading technical event for the plastics industry.Demand plastics Fakuma plastics processing 

What comes first to mind when thinking of Fakuma, the international trade fair for plastics processing? Plastics, of course. And on second thought? Probably the difficulties to get a hotel room in proximity to the trade show grounds. Although it sounds easy to get a hotel room at the border triangle at Lake Constance, the rooms are often booked up months in advance. Consequently, many visitors to the fair have to switch to private rooms and long travel times.Demand plastics Fakuma plastics processing 

Other thoughts on Fakuma might include memories of traffic jams and long journeys because the access roads are congested.Demand plastics Fakuma plastics processing 

Probably everyone who has ever been to the fair has a story to tell about the hotel and traffic situation, of which the organisers are also aware. Nevertheless, they do not want to change anything about the event location.Demand plastics Fakuma plastics processing 

Without Friedrichshafen, Fakuma would not be the fair it is, it was said last year at the fair’s press conference.

And the organisers are probably right about that. Fakuma is and will remain a trade show with a family atmosphere.

Ultimately, the hotel and traffic situation is always a very good conversation starter, because really every visitor and exhibitor has an opinion on it.

And despite all these difficult circumstances, the trade show remains successful. Expert visitors, specialists and decision-makers journeyed to the last event in 2017 from more than 120 countries, P.E. Schall, organiser of the trade show, announced.

Some 48,375 expert visitors accepted the invitation of the roughly 1,900 exhibitors to attend the event in Friedrichshafen on Lake Constance where Germany, Austria and Switzerland meet – and the numbers continue to rise.

In addition to countless participants from Germany and elsewhere in Europe, above all the number of visitors from Asia is increasing. The propensity to invest in new machines and systems remains high, which is making itself apparent in the unbroken interest in manufacturing components and peripherals in the plastics sector.

Arburg, manufacturer of injection moulding machines for plastic processing, is not only among the biggest exhibitors of the trade show, the company is also a co-founder of Fakuma.

Commenting on last year’s edition of the trade show, Dr. Christoph Schumacher, Head of Marketing und Corporate Communication at Arburg, said: “It’s distinguished by its highly practical approach, technical expertise and a friendly atmosphere.

Personal contact plays an important role: The visitors appreciate being able to scrutinise the exhibits live and discuss them with us.

Thanks to the fact that all of our contact persons are on site at the event, international projects can also be discussed with minimal legwork.”

Innovations in materials

Continuous fibre-reinforced, functional plastic components with high load-carrying capacities offer tremendous lightweight-design potential for the automotive and aviation industries, as well as numerous other sectors.

Whether FRP, FFRP or CFRP is involved – solutions for the production of rugged, lightweight components will be presented at the Fakuma trade show.

There’s good reason for increasing demand for plastic components with continuous fibre reinforcement: They offer high mechanical strength with up to 25% less weight than metal components.

As a result, economic production of such parts is the focus of a diverse range of research projects.

Whereas FFRP components with a thermoplastic matrix are already being industrially manufactured and utilised, developers are currently involved with injection moulding processes for continuous fibre-reinforced, lightweight components with a thermosetting matrix.

Due to their greater resistance to cold, as well as their greater mechanical and thermal load capacities, thermosetting plastics are superior to thermoplastics in some applications.

Fakuma is also witnessing another trend of the plastics industry: In particular where plastics processing is involved, recycling is in great demand. Even high-tech materials like CFRP are being recycled more and more frequently and reused for new purposes.

The prevention of so-called “downcycling” by means of modern processes and recycling of materials sorted according to type is important in this respect.

“The plastics industry has been becoming more and more sustainable for a number of years already,” says Fakuma project manager Annemarie Schur.

This not only applies to the recycling of materials, but also to energy-saving and thus more economical manufacturing processes, energy-efficient machines and biodegradable plastics as well.

Moreover, the sustainable alternatives are in no way inferior to their conventional predecessors with regard to durability, processability and weight.

Injection moulding permits extensive component complexity

Fakuma sees itself as the number-one technical event for injection moulding. Numerous technology leaders from this sector will be on the scene at the trade show.

The injection moulders with their flexible options and ever more efficient processes are clearly in the majority as compared to 3D printing, foaming, extruding and thermoforming. “There’s no getting around injection moulding if you want to combine lightweight design and highly complex components,” states Annemarie Schur

For years, she’s been observing an upward trend in the number of innovation drivers, users and experts from this field of technology who are showing up in Friedrichshafen.

The show with continuously growing international recognition is taken advantage of by numerous exhibitors, who come here to unveil their new products to a broad-based audience for the first time. rs Demand plastics Fakuma plastics processing 

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Material Russian military helmets invisible

New material makes Russian military helmets invisible  Material Russian military helmets invisible

Material Russian military helmets invisibleA new textile material has been recently designed by the Russian military and industrial corporation Rostec to mask soldiers and military equipment, according to Rostec chief Sergei Chemezov.

According to Chemezov, the new material has chameleon like properties and can adapt to the colour of the environment. The company expects that at the initial stage the new development will be used for the needs of the Russian military, with a range of other applications being significantly expanded at a later date.Material Russian military helmets invisible

The level of investment in the design of the new textile material has not been disclosed, however, sources close to Rostec, say it could be in the range of US$100-150 million.

RosElectronics, a leading Russian producer of electronics, and TsNIITOCHMASH, a major designer and producer of weapons for the Russian military and MVD Internal Troops, took part in the design of the new material. The project also involved some leading Russian producers of technical textiles and nonwovens.Material Russian military helmets invisible

“In recent years the demand for innovative textile materials from the Russian military and defence complex has significantly increased. This is very important for us, as from our side, we constantly improve the equipment of Russian soldiers, making it more secure and safe,” commented Sergei Chemezov. He also added that the industrial production of the new product has already began.Material Russian military helmets invisible

In particular, the new material will be used in the production of a special invisible military helmet, designed by experts representing Russian military design bureaus, affiliated with Rostec.Material Russian military helmets invisible

In addition to soldiers, the new development will be used for the masking of tanks and other military equipment. Meanwhile, scientists at Rostec plan to continue their activities for the improvement of technical properties of the material, with the objective to expand its use to various industries. Among the new features that the scientists are working on at the moment, are the ability to display dynamic changes in colour intensity, and simulating complex graphic images, such as foliage vibrations (amid wind gusts).

Material Russian military helmets invisible

Deputy Minister of Industry and Trade of Russia Viktor Yevtukhov said the new textile material provides opportunities for the design and production of the so-called smart clothing. “In this case, we are talking about an interesting and unique development, which is capable of radically changing the concept of design and production of clothing. Such unique textile materials will be especially in demand during the production of clothing, particularly those, which can withstand extreme temperature conditions or radiation,” he commented.Material Russian military helmets invisible

According the Russian Ministry of Industry and Trade, currently, the Russian innovative and smart textiles market is estimated at US$ 1,3 billion, however, its annual growth rates are significantly higher, than those in the EU and the US, at 7%-9% per year. Still, the consumption of innovative and smart textiles in Russia is two times lower than in developed countries.

In addition to Rostec, several other Russian industrial groups have unveiled plans to expand in this promising market in recent years. One of them is the Russian holding AFK Systema, which announced its intention to start the development of innovative textile materials several months ago.Material Russian military helmets invisible

In the meantime, the Russian government supports the launch of new investment projects in the industry, considering them to be very promising. According to the Russian Minister of Industry and Trade Denis Manturov, who oversees the development of innovative textile materials, in the medium term, the demand for technical textiles in Russia will grow fourfold.Material Russian military helmets invisible

“If we talk about traditional textiles, Russia has practically no chances to maintain its production on the same volume as in the past. The transfer of labour-intensive industries to countries with cheaper labour has resulted in the influx of cheap, low-quality products, which made local producers non-competitive. In this regard, a particular focus of the government is currently on the expansion of the domestic technical textiles production,” commented Denis Manturov.Material Russian military helmets invisible

“As experience shows, for example, in Germany, technical textiles provide up to 70% of the light industry’s growth, which means it is one of the top five high-tech industries in Germany,” said Andrei Razbrodin, president of the Russian Association of Textile and Technical Producers (Soyuzlegprom), a member of the Public Chamber of the Russian Federation.

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Plastic chemicals biodegradable plastic oil 18-09-2018

-China – Polyethylene terephthalate and its upstream chain continues to fall in price

PET Bottle grade export 1,290/1,330 $/ton – PET Bottle grade domestic market 10,500/10,650 yuan/ton – PET Filament grade domestic market 10,350/10,500 yuan/ton

PTA Taiwan 1,020/1,040 $/ton – PTA domestic market 7,900/8,050 yuan/ton – MEG $ 875/885 $/ton – MEG domestic market 7,150/7,250 yuan/ton – PX Korea 1,305/1,315 $/ton

POY 150D/48F  domestic market 11,600/11,700  yuan/ton – DTY 150D/48F  domestic market 12,850/13,000  yuan/ton – PSF domestic market 11,050/11,150  yuan/ton

Plastic chemicals biodegradable plastic oil

-Sabic increased MEG prices by USD10 per tonne    Saudi petrochemical MEG prices September 

Sabic, the largest Saudi petrochemical company, has raised the contract price of monoethylene glycol (MEG) to supply material to the Asian market in October at USD10 per tonne compared to the September price level, ICIS source in the company said.

Plastic chemicals biodegradable plastic oil

-Crude Oil Prices Trend

Plastic chemicals biodegradable plastic oil

-Novel Absorbent Polymer to Soak Up Oil Spill in Real-Time

Absorbent polymer developed from waste products is found to efficiently soak up crude oil and diesel from water

Previous studies by various research institutes have showed promising results for cleaning up oil spills using carbon nanotubes, sawdust, cellulose, and fern-inspired nano-hair. New study reported that converted waste products from industry is responsible for polluting oceans and sea water. Scientists from Flinders University used by-products of the petroleum and refining industries to create an absorbent polymer, which can clear crude oil from sea water.

Plastic chemicals biodegradable plastic oil

-Krones acquires Chinese process technology business

German machinery provider Krones has acquired the business operations and assets of Shanghai Xiantong Equipment Installation as part of a strategy to expand its global footprint.

The Chinese company has been a partner and supplier to Krones in the field of process technology for several decades, with Krones Taicang partnering with Xiantong on the first MicroCube compact brewhouse.

Plastic chemicals biodegradable plastic oil

-Hengli Sets Out Plans to Become World’s Largest PTA Producer

Hengli Petrochemical aims to become the biggest maker of purified terephthalic acid globally as the Chinese chemical giant looks to benefit from sharp increases in the price of the high-performance plastic raw material seen in recent months.

Hengli has put forward a CNY3 billion (USD436 million) plan to boost annual output by 2.5 million tons, Xinhua News Agency-backed Securities Daily reported today. The Dalian-based firm previously proposed a 2.5 million tons increase in output in April as part of a separate expansion plan.

Plastic chemicals biodegradable plastic oil

-HONEYCOMB TECHNOLOGY BASED PACKAGING SETS NEW PERFORMANCE STANDARD

Sleeve packs made using EconCore’s honeycomb technology have set a new performance standard for the packaging industry, results from a recent compression test show.

The test, carried out by an independent packaging institute in accordance with ISO 844 guidelines, analysed the maximum compressive loading capacity of reusable sleeve packs made using honeycomb core materials and various other core structures generally referred to as cup-shaped core structures. All packaging products tested had panel weight of 3000 g/m², same dimensions in height, width and depth and were preconditioned for 24 hours.

Plastic chemicals biodegradable plastic oil

-MONDI TO SHOWCASE BARRIERPACK RECYCLABLE & INNOVATIONS AT FACHPACK

Mondi, the global packaging and paper group, will highlight BarrierPack Recyclable, its fully recyclable plastic laminate for pre-made pouches and FFS roll stock, along with other innovative products targeting the ice cream, pet food, and food and beverages categories at the upcoming FachPack trade fair in Germany.

At the show –– to be held 25-27 September in the Exhibition Centre Nuremberg –– Mondi will be at Booth 7-254 in Hall 7 to display a variety of products that enhance consumer convenience.

Plastic chemicals biodegradable plastic oil

-FOCUS ON SUSTAINABILITY AS PACKAGING CONSIDERATIONS EVOLVE OVER THE LAST 30 YEARS

An independent industry survey has revealed that advances in manufacturing has had the biggest influence on packaging over the last 30 years, but sustainability will be key to future trends.

The survey was commissioned by brand empowerment specialist API Group and focused on gaining insight from brand owners and packaging designers. It revealed that 54% of industry professionals believe manufacturing techniques have had the biggest impact on packaging trends in the last three decades.  A further 48% believe material developments, such as advances in foils, have also contributed heavily to trend directions.

Plastic chemicals biodegradable plastic oil

-Oil dips as Sino-U.S. trade tensions deepen, new tariffs due

NEW YORK (Reuters) – Oil prices edged lower on Monday as investors focused on deepening trade tension between the U.S. and China that is expected to dent global crude demand, but losses were limited as the market weighed potential supply tightening due to Iran sanctions.

Plastic chemicals biodegradable plastic oil

-New material makes Russian military helmets invisible  

A new textile material has been recently designed by the Russian military and industrial corporation Rostec to mask soldiers and military equipment, according to Rostec chief Sergei Chemezov.

According to Chemezov, the new material has chameleon like properties and can adapt to the colour of the environment. The company expects that at the initial stage the new development will be used for the needs of the Russian military, with a range of other applications being significantly expanded at a later date.

The level of investment in the design of the new textile material has not been disclosed, however, sources close to Rostec, say it could be in the range of US$100-150 million.

Plastic chemicals biodegradable plastic oil

-Asahi Kasei to launch Bemberg campaign at Premiere Vision

Japan’s Asahi Kasei is set to launch the global brand Bemberg campaign at Premiere Vision Paris, which will be held from September 19-21, 2018, in booth 6G62 – 6H63.

The presentation of the Bemberg new campaign represents a high benchmark in value for smart textile fibre innovations, and one that is built on a long heritage of innovations since 1931.

Bemberg is the ONE new material definition for responsible luxury. The ONE for cool exquisite comfort, and the ONE whose smart heritage is born in a circular economy.

Plastic chemicals biodegradable plastic oil

-Will it end in tears? Enron author examines fracking boom

Halfway through her new book, Bethany McLean offers an epitaph for the late Aubrey McClendon, one of the pioneers of the fracking boom.

McClendon’s company, Chesapeake Energy Corp., had become the second-largest U.S. gas producer after Exxon Mobil Corp., but he was forced out as CEO after complaints about his lavish perks and the company’s debt load. He died in a car accident in 2016, a day after being indicted on bid-rigging charges, which were later dropped (Energywire, March 3, 2016).

“Is Chesapeake the model for this business? It changes the world but it ends in tears?” McLean quotes a hedge fund manager as asking.

Plastic chemicals biodegradable plastic oil

-Demand for plastics and plastics processing remains high   

From 16 to 20 October, people from all over the world will come to Friedrichshafen, Germany, to see the latest trends in plastics processing. More than 1,800 exhibitors will present their international offerings at Fakuma, a leading technical event for the plastics industry.

Plastic chemicals biodegradable plastic oil

-Mubadala to list 25% of Cepsa on Spanish stock exchange

Abu Dhabi’s sovereign wealth fund Mubadala, which fully controls Cepsa, announced on Monday its intention to float 25% of the Spanish energy and petrochemicals major on the country’s stock exchange before the end of the year.

Together with fully-listed Repsol, Cepsa is one of the largest Spanish oil players, operating two refineries in the country.

Within petrochemicals, Cepsa has operations in Spain, Germany, China, Indonesia, Canada, Nigeria and Brazil.

Plastic chemicals biodegradable plastic oil

-New US tariffs on China would include many petrochemicals

Houston —  The Trump administration’s latest round of proposed tariffs on Chinese goods includes a long string of petrochemicals, both raw materials and items made from plastic resins.

The list of $200 billion in Chinese goods disclosed this week would be subject to a 10% tariff if implemented amid growing trade tensions between the US and China. Last Friday, the US implemented $34 billion in tariffs on Chinese goods, and China retaliated with the same value of taxes on US imports, largely agricultural crops and automobiles.

The US is slated to impose another $16 billion in tariffs on Chinese goods late next week, and China has said it will retaliate in kind — a second list of the same value that includes crude oil and gasoline as well as two plastic resins, polyvinyl chloride and low-density polyethylene, used to make items like vinyl flooring and plastic tubs, respectively.

Plastic chemicals biodegradable plastic oil

Plastic chemicals biodegradable plastic oil Plastic chemicals biodegradable plastic oil Plastic chemicals biodegradable plastic oil Plastic chemicals biodegradable plastic oil Plastic chemicals biodegradable plastic oil 

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