Oil Opens a New Window. prices dropped on Thursday even though the Trump administration Opens a New Window. officially ended waivers that had been granted to some nations allowing them to continue importing oil from Iran.
On Thursday, WTI crude oil prices fell by nearly 3.8 percent to $61.19 per barrel, while Brent Crude dropped to $69.95 per barrel.
There were concerns oil prices could spike as President Trump looks to drive Iran’s oil exports to zero by ending exemptions to the sanctions which were granted to eight countries that buy Iranian oil.
Crude Oil Prices Trend
Bio-based PET is essentially made up of monoethylene glycol (MEG) and terephthalic acid (PTA), and is bio-degradable.
It is extensively used for the production of various packaging solutions, mainly in the food and beverages and automotive industries.
It also has myriad applications in making bottles, packaged goods, automotive interiors, and construction materials.
The emergence of bioplastics that are biodegradable in manufacturing packaging solutions has provided strong impetus to the evolution of the bio-based PET market.
Increasing eco-friendly inclination toward the use of bio-friendly products amongst consumers across the globe and stringent environmental regulations promoting the use of eco-friendly products across industries have led to an intensive demand for bio-based PET materials.Polymers Petrochemicals Bottle Recycling
The study, “Environmental deterioration of biodegradable, oxo-biodegradable, compostable, and conventional plastic carrier bags in the sea, soil, and open-air over a 3-year period,” carried out by Imogen E. Napper and Richard C. Thompson of the University of Plymouth, whose results were announced April 29, intends to provide insights into the environmental deterioration of plastic carrier bags made from different polymer types under littering conditions.
“Contrary to what the headlines of some newspaper reports picking up the findings suggest, the study confirms that only certified biodegradable and compostable bags—designed to be collected with the biowaste and organically recycled in dedicated composting plants—even if mistakenly littered in the environment due to bad habits, have a reduced environmental impact,” said François de Bie, chairman of European Bioplastics.Polymers Petrochemicals Bottle Recycling
Polyethylene Terephthalate-Glycol (PETG) is a thermoplastic polymer obtained by copolymerization of polyethylene Terephthalate and ethylene glycol. This plastic resin belongs to polyester family and finds a wide range of applications including those in food and beverages industry. It is used in manufacture of liquid containers, as well as in certain other packaging and thermoforming applications.
Polyethylene Terephthalate-Glycol (PETG) is a clear amorphous thermoplastic which can be injection molded, sheet extruded and blow molded. PETG is colorless and exhibits relatively higher transparency.
Moreover, PETG exhibits exceptional water and moisture barrier properties. Polyethylene Terephthalate-Glycol (PETG) products can be rigid to semi-rigid, depending on the thickness, and are relatively lighter in weight.
Covestro AGFrom left: Thorsten Dreier, head of films business; Chief Technology Officer Klaus Schäfer; Michael Friede, head of the coatings, adhesives, specialities segment for Covestro AG at a groundbreaking for an expansion.
Covestro AG has launched an expansion to add new production lines for high-quality polycarbonate film at its manufacturing site in Dormagen, Germany.
The investment is part of the company’s 100 million euro ($112 million) global capacity expansion plan announced in 2018 to meet growing demand in all regions.
Scheduled for completion by the end of 2020, the project includes new coextrusion lines for the production of multi-layer flat films, Covestro said in a May 2 news release.
The new manufacturing unit further underscores the Dormagen site’s importance as a competence centre for speciality films, according to Chief Technology Officer Klaus Schäfer.Polymers Petrochemicals Bottle Recycling
With so much negative publicity surrounding plastic packaging in the consumer media, RPC Group created a series of short videos that aim to give a succinct and balanced response to some of the frequently asked questions on this issue.
Topics covered in the four 60 second videos are the call to ban plastics altogether, an explanation of the plastics recycling process, the problems of ocean litter, the reasons behind the use of plastic in food packaging, and an understanding of the role of biodegradable plastics.
Two metal parts joined using the new, sustainably produced adhesive. Behind them: three pots containing the ingredients of the adhesive – the liquid hardener (yellow), the paste hardener (white) and the lignin organic solvent (black). Credit: Fraunhofer-Gesellschaft
There is an increasing demand for green products, but for them to be genuinely sustainable, manufacturers must also use adhesives and paints that are made of bio-based feedstocks. Advanced materials developed in Fraunhofer labs point the way forward.Polymers Petrochemicals Bottle Recycling
Demand for organic products is booming. Factory farms and fields drenched in chemical cocktails hold little appeal for the many consumers who prefer to see free-ranging animals in verdant pastures, eat untreated fruit and vegetables and wear clothes made of organically grown, pesticide-free cotton.
Where do we currently stand in terms of putting the new Packaging Act into practice?
Gunda Rachut: We’re very happy right now, with more than 160,000 entries in the LUCID packaging register so far.
That’s almost three times the number of companies that had a contract under the dual system scheme in 2017. The number of registrations is still rising.
The target is to have about 250,000 registered companies by the end of 2019. By having a register that’s publicly accessible, we have built on the basis provided by the law to enable us to identify “freeloaders” in the system, and demonstrate the fact that they are non-compliant because they are not participating.
Imports of polyester textured yarn from China and India remained high during fiscal 2019, creating considerable pressure for companies in the US. Unifi, a leading innovator in recycled and synthetic yarns, has announced an update on recent trade petitions, saying preliminary determinations reached so far are encouraging.
Last month, the US Department of Commerce announced preliminary countervailing duty determinations on unfairly subsidised imports of polyester textured yarn from China at rates of 32% or more and India at rates of 7% or more.
Preliminary antidumping determinations are expected on 26 June 2019, and final determinations of dumping, subsidisation and injury are expected by the end of calendar 2019.Polymers Petrochemicals Bottle Recycling
Volvo is looking for innovative suppliers to help it achieve an ambitious sustainability goal. By 2025 the Swedish automaker wants at least 25 percent of the plastics used in every newly launched Volvo to be made from recycled materials. The percentage now is about 5 percent.
To determine whether it could reach this target Volvo worked with its current top-tier suppliers to create a variant of the XC60 plug-in hybrid in which 20 percent of the plastic components were replaced with equivalents containing recycled materials.
The US department of commerce has announced the affirmative preliminary determinations in the countervailing duty (CVD) investigations of imports of polyester textured yarn from China and India. The investigations found that exporters received countervailable subsidies ranging from 32.04 to 459.98 per cent and 7.09 to 20.45 per cent, respectively.
Based on the preliminary rates, the department of commerce will instruct US Customs and Border Protection to collect cash deposits from importers of polyester textured yarn from China and India.
The investigations were carried out following a petition filed by Unifi Manufacturing, Inc.
Beverage industry and protection of the environment
The global debate on packaging waste, the associated use of resources and increasing regulatory pressure have intensified the call of the beverage industry for new, alternative packaging systems.
Concerns not only focus on saving resources in the production process but chiefly on the packaging itself. PET containers and plastic packaging are currently in focus.
The priority is to reduce and recycle the same. KHS supplies dedicated systems to meet these criteria and has at its disposal a wealth of expertise with which it strongly assists its customers in their striving towards greater sustainability.