Polymers Petrochemicals Crude Oil 26-01-2019

The diplomatic relationship between the United States and Venezuela is in shambles — and it hit a new low this week.

Despite soaring tensions between the Trump administration and the regime of Nicolas Maduro, the two nations still share a crucial link: oil.

The United States is Venezuela’s biggest and most important oil customer, accounting for 39% of the OPEC nation’s deliveries last year, according to ClipperData.

And Venezuela was the fourth-biggest source of foreign oil that flowed into America last October.

Polymers Petrochemicals Crude Oil

Filpucci Group, a leading developer of high-end creative knitwear yarns, is displaying its ‘Responsible Innovation Collection’ at the 84th edition of the Pitti Filati expo, in booth D14/16.

Pitti Filati is a global event that presents world-scale excellence in the field of yarn and knitting industry, which is being held from January 23-25, 2019, in Italy.

The mix of the best raw materials (high-tech and natural), the know-how of Filpucci in the spinning process, and the integration of responsible innovation values both in the dyeing and in the finishing processes, have given life to a collection that represents a new level of smart innovation linked to a transparent, sustainable and certified production.

Responsible innovation means creating a strategy focused on creativity, innovation and sustainability that involves each stage of the production process, whilst respecting the values of Filpucci’s DNA, according to a press release.

Polymers Petrochemicals Crude Oil

Continuing its commitment to sustainable innovation, Unifi, Inc., global textile solutions provider and one of the world’s leading innovators in manufacturing synthetic and recycled performance fibers, will launch three new product offerings at Outdoor Retailer Snow Show 2019.

Focused on consumer demands for recycled products, Unifi is introducing TruFlexx™ sustainable, engineered stretch fiber made with REPREVE®, TruClean™ chemical-free anti-static fiber, and REPREVE nylon staple fiber.

“Our customers continue to ask for fibers and technologies that will not only help them meet their sustainability goals, but also provide superior performance,” said Jay Hertwig, group vice president of global branded sales for Unifi.

Polymers Petrochemicals Crude Oil

The United States is considering moves to cripple Venezuela’s oil shipments, which account for nearly all of the country’s exports

Potential U.S. sanctions on Venezuela’s crude oil exports would cut off the nation from Gulf Coast refiners that are among its biggest customers, likely forcing it to send more crude to China, India or other Asian countries, traders said on Wednesday.

U.S. refineries that depend on Venezuela’s heavy crude would have even more trouble securing supplies as Canadian and Mexican crudes are often not as discounted and are limited in availability.

The United States is considering moves to cripple Venezuela’s oil shipments, which account for nearly all of the country’s exports, in response to the reelection of President Nicolas Maduro that was widely viewed as a sham.

Polymers Petrochemicals Crude Oil

“InSciTeThe plant is suitable for a variety of production methods for oil based on biological residuals or recycled plastics. We are talking to several parties, mainly start-ups and young companies from the Netherlands and abroad.”

A Netherlands-based facility that will be used to convert biological residual flows and waste into high-quality products is set to open in April, according to the Chemelot Institute for Science & Technology (InSciTe). In a statement, the InSciTe said that its facility will help to develop “promising sustainable innovations”.

InSciTe is a private-public partnership between Dutch multinational Royal DSM, and Netherlands-based research institutes which include Brightlands Chemelot Campus, Eindhoven University of Technology, and Maastricht University. InSciTe was set up in 2015 with an investment of €80 million.

The first customer of the pilot plant will be Eindhoven-based firm Vertoro. The spin-off from the InSciTe consortium will be producing oil from lignin at the plant.

Polymers Petrochemicals Crude Oil

GA company to buy Sunoco ethanol plant in Fulton for $20 million. Plans to invest $100 million to turn it into renewable energy campus. (MGN)

A Georgia-based renewable fuels company is buying a corn ethanol refinery in Central New York with plans to develop facilities to convert wood waste into energy, plastics, and other products.

Attis Industries, based in Milton, Georgia, says it will buy and operate an ethanol refinery and grain malting operation owned by Sunoco in Fulton, 23 miles northwest of Syracuse.

Polymers Petrochemicals Crude Oil

Oerlikon Manmade Fibers Segment, a leader in manmade fibre filament spinning systems, has been a member of ADAMOS, an alliance of machine and systems construction sector companies, since the beginning of 2019.

With this move, the company is ramping up its digital strategy, creating the right framework for implementing its concrete Industrie 4.0 solutions.

Membership in the ADAMOS partner network is a further step on the company’s journey to becoming a digital solutions provider.

ADAMOS was established as a strategic alliance for the future issues of ‘Industrie 4.0’ and ‘Industrial Internet of Things’ (IIoT) for market leaders in the machine and systems construction sector.

Polymers Petrochemicals Crude Oil

The Circular Design Challenge at Lakme Fashion Week showcases sustainable fashion that incorporates PET bottles, recycled hemp and discarded yarn

The Lakmé Fashion Week has had a dedicated sustainability day for the past seven years. In addition to this, the upcoming edition will see the Circular Design Challenge (CDC), an initiative that aims to shine the spotlight on — and recognise — Indian designers who champion sustainability through their work.

A collaboration between R Elan’s Fashion for Earth, the United Nations and LFW, the CDC has eight semi-finalist designers — out of 900 entrants — who have used materials as diverse as PET bottles, discarded wires and hemp in their collections.

Polymers Petrochemicals Crude Oil

Première Vision New York offered fashion professionals an inside glimpse into the colors and trends that will imbue the Spring/Summer 2020 season in textiles and fashion.

The trade show, which this year ran Jan. 14–16 at Pier 94, provides the opportunity to meet a curated international group of textile and leather producers, accessories companies, design studios and manufacturers.

“Première Vision is for the buyer, for the designer, for the creative people,” said Guglielmo Olearo, international exhibitions director, “because we primarily focus on the materials.”

Polymers Petrochemicals Crude Oil

Production problems in the purified terephthalic acid (PTA) chain in Europe continue to cast a shadow over the market, but weak demand and buyers’ short-term pessimistic outlook in dominant Asia is subduing the potential impact.

– US-China trade talks encourage buyer pessimism in Asia

– Europe supply characterised by technical glitches

– Sales of PTA subdued due to downstream imports in low season

As February approaches there is a distinct sense of pessimism emanating from Asian buyers monitoring the US-China trade war.

The negative outlook is short term and partly due to the upcoming Chinese Lunar New Year holiday.

The uncertainty surrounding markets in general could mean sentiment and directions change at any given moment.

For now, it offers to counterbalance the apparent lack of stability in European production.

Polymers Petrochemicals Crude Oil

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