Gross domestic product (GDP) in Germany neither grew nor shrank in the final quarter of 2018, official data showed Thursday, soothing fears the country could have suffered a technical recession in the second half of the year.
Europe’s largest economy enjoyed a “first half year with plenty of momentum”, adding 0.4 percent in the first quarter and 0.5 percent in the second, federal statistics authority Destatis said.
But “a small trough in the second half of the year” brought shrinkage of 0.2 percent between July and September and no change in the final three months.
Added up, that meant Germany grew 1.4 percent in 2018 — 0.1 percentage points slower than intially calculated last month and well short of 2017’s 2.2 percent.
China – Polyethylene Terephthalate
PET and its chain,since two days,move down.
PET Bottle grade export 1,040/1,080 $/ton – PET Bottle grade domestic market 8,200/8,350 yuan/ton – PET Filament grade SD domestic market 7,800/7,900 yuan/ton – PET Filament grade BR domestic market 7,750/7,900 yuan/ton
PTA Taiwan 845/855 $/ton – PTA domestic market 6,350/6,500 yuan/ton – MEG $ 615/625 $/ton – MEG domestic market 5,100/5,200 yuan/ton – PX Korea 1,065/1,075 $/ton
POY 150D/48F domestic market 8,500/8,600 yuan/ton – DTY 150D/48F domestic market 10,350/10,450 yuan/ton – PSF domestic market 8,850/8,950 yuan/ton
- Crude Oil Prices Trend
An international scientific group including a RUDN chemist have developed a complex copper-based compound with stronger antibacterial properties compared to analogs, and is cheaper to produce. The scientists confirmed that its effect is determined not by the substance’s decomposition in the body, but by targeted influence on bacteria. The study was published in the Journal of Molecular Structure.
The team synthesized a biologically active compound using copper compounds and an organic substance. The result was a large molecule in which the copper atom was surrounded with a ligand—a part of the complex bound to the central atom. The size and physical characteristics of the ligand affected the properties of the whole molecule.
Mauricio Mendez, mayor of a small Mayan town in south-west Guatemala, is leading a revolt against plastic pollution.
In 2016 he initiated a ban on the sale and distribution of single-use plastics in San Pedro La Laguna, which has prompted other communities across the country to take action.
The town sits on the shores of Lake Atitlan and is home to a Tz’utujil Maya community that is fighting to preserve its traditional way of life. Today, the lake’s water is free of plastic waste, but this wasn’t always the case.
Before the ban came into force, San Pedro La Laguna had been deluged with single-use plastics. Disposable shopping bags, food wrappings and styrofoam trays saturated the municipal landfill and much of the waste ended up in the lake, damaging its delicate ecosystem.
Latest industry data on glass recycling confirms that over 12 million tonnes of glass bottles and jars are collected and recycled in Europe, with an average glass recycling rate in the EU28 of 74%.
The latest industry data have a two-year time lag dating from 2016.
Glass remains the best performing food grade closed loop in the world, according to the European Glass Container Federation (FEVE), which says the current figure is set to rise.
EU Member States have committed to targets on municipal waste reduction and glass packaging recycling. This signals a renewed investment in separate collection for glass packaging in the coming years, which will engage consumers, municipalities, Extended Producer Responsibility schemes, recyclers and manufacturers in a collaborative effort to collect, sort and treat the glass that is currently leaking from the system, FEVE says.
Ineos founder and Brexit-backer Sir Jim Ratcliffe has slammed the EU over expensive regulations and “stupid” green taxes he claims are choking Europe’s chemicals industry.
In an open letter to European Commission president Jean-Claude Juncker, Sir Jim warned Europe is “no longer competitive” as a result of its strict energy and labour laws, which he claims are the most expensive in the world.
He added the EU is “scaring away investment with heavy green taxes”, with Europe’s share of the world chemical market having halved to just 15% in the last 10 years.
A new report from a UK think tank has called for “bold national” action from businesses and the government to combat the problem of plastic waste.
The “Plastics Packaging Plan – Achieving Net Zero ‘Waste’ Exports” report, published by Policy Connect and backed by MPs from multiple parties, states the UK needs a holistic, coherent plan to take responsibility for its contributions to global plastic pollution. It recommends authorities move toward a more circular, sustainable approach to plastic waste management in the dual interests of addressing the plastics problem and promoting British innovation and green jobs.
Chroma Color Corporation was formed last year from the merger of four businesses
US-based Chroma Color Corporation has continued to grow its manufacturing footprint with the acquisition of Polymer Concentrates, which is a privately-held manufacturer of colour concentrates for customers in the packaging, automotive and housewares industry.
Chroma Color and Polymer Concentrates have complimentary product lines but distinctly different customer bases, which makes the acquisition attractive, according to Chroma’s chief executive Tom Bolger.
Two hundred and seventy five Turkish textile companies are participating in the ongoing Premiere Vision Paris and Texworld Paris international fashion fairs, according to Pinar Tasdelen Engin, president of the Uludag Textile Exporters’ Association (UTIB), who said Turkey needs improvement in technical textiles, promotion and marketing, and branding.
Engin, who heads the Turkish delegation to the fairs, said the Turkish textile and apparel sectors employ nearly a million people and This number reaches 2 million if the sectors such as retail and merchandising, which are integrated to the aforementioned sectors, are included.
- RONN Motor Group, Inc. Announces Today It Is In Development Of A New Nano-Carbon Fiber All-Electric Hydrogen Fuel Cell/Battery Enhanced Commercial Bus Under China JV Agreement For China
RONN Motor Group will build its first all-electric lightweight Nano-composite hydrogen fuel cell bus in China under its new JV agreement for sale in China and export to select countries
RONN Motor Group, Inc. announced that under its new Joint Venture agreement, they will produce a lightweight Nano hydrogen fuel cell bus with battery enhancements for both the Asia markets and export. Ronn Ford, CEO, stated, “These buses are expected to be 30 percent lighter using our new Nano-composite and fuel cell technologies which will both extend driving range. Although built inside China for China, we fully expect to export these buses to developing hydrogen economies such as California and London.”
Sasol has achieved beneficialoperations of the US linear low densitypolyethylene (LLDPE) unit at its Lake CharlesChemicals Project (LCCP) in Louisiana, thecompany said on Wednesday.
The 470,000tonne/year LLDPE unit is the first to come online for the project, which also includes a1.5m tonne/year cracker, a 420,000 low densityPE (LDPE) unit, ethylene oxide/ethylene glycol(EO/EG) units and other derivatives.
At the Première Vision show in Paris this week, Lenzing presents Tencel branded lyocell and modal fibres with Micro technology for enhanced comfort. Lenzing is with its fine fibre portfolio an expert in producing and marketing of microfibers for the textiles industry and gives this specialty fibre category a new boost.
“An increasing number of consumers are choosing clothing for its feel-good factor. Comfort plays a key role. The parameters of the softness, lightness and smoothness of textiles are critical for the wearer’s well-being. With its fine fibres based on wood, Lenzing offers the solution for fashion with lots of comfort,” the company explains.
Researchers in the smart electronics and materials (SEMS) group in electronics and computer science and the synthesis, catalysis and flow group in chemistry at the University of Southampton are investigating a new technique for achieving light emitting textiles that could be used in future medical, performance sports, automotive, architecture and fashion materials.
The project, funded by the United Kingdom’s Engineering and Physical Sciences Research Council, is formulating light emitting films on the surface of standard textiles through electronically functional inks and spray coating, along with cutting-edge inkjet and dispenser printing processes, according to a press release from the university.
Ethylene prices in Asia galloped higher on Tuesday.
Reports of limited product avails coupled with a lift in buying inquiries together supported the sharp price rise.
CFR North East Asia prices of ethylene were assessed up at the USD 1015/mt levels, a spike of USD 30/mt from Monday’s assessed levels.
CFR South East Asia prices of ethylene were assessed higher at the USD 1105/mt levels, a sharp day on day gain of USD 30/mt.