Petrochemicals OxoBiodegradable Plastic
China – Polyethylene Terephthalate
PET and it’s chain continue to be weak, only the MEG is steady.
Crude oil is on roller coaster.
Polyamide 6 and its chain are steady.
Acrylonitrile is steady.
PET Bottle grade export 845/930 $/ton – PET Bottle grade domestic market 6,950/7,050 yuan/ton – PET Filament grade SD domestic market 6,750/6,850 yuan/ton – PET Filament grade BR domestic market 6,850/6,950 yuan/ton
PTA Taiwan 725/735 $/ton – PTA domestic market 5,550/5,650 yuan/ton – MEG 530/545 $/ton – MEG domestic market 4,400/4,500 yuan/ton – PX Korea 810/820 $/ton Polymers
Polyester POY 150D/48F domestic market 7,750/7.850 yuan/ton – Polyester DTY 150D/48F domestic market 9,100/9,200 yuan/ton – Polyester Staple PSF domestic market 7,450/8,600 yuan/ton
Crude Oil Prices Trend
The global plastic compounding market is expected to witness a robust growth from 2019 to 2027.
The growth of the market is majorly attributed to a rising adoption of plastic compounds in various industries such as manufacturing, healthcare, and in the automotive industry.
The growth is also the result of a rising adoption of eco-friendly plastic compounds to lower down the pollution caused by various industries.
The Plastic Compounding Market is expected to reach the Value of US$ 95,000 Mn
According to the report by Transparency Market Research report, the global plastic compounding market is expected to exhibit a consistent growth of 5.0% CAGR during the forecast
Asahi Kasei (Tokyo, Japan; www.asahi-kasei.co.jp) has decided to expand its plant for Lamous artificial suede in Nobeoka, Miyazaki Prefecture, Japan, by four million m2/yr, increasing the total production capacity to 14 million m2/yr upon completion in 2021.
Dyed by Italian company Miko, Lamous is sold under the brand name Dinamica in Europe.
Lamous is a premium artificial suede featuring a unique three-layered microstructure.
Because of its luxurious smooth texture and flexibility in design as well as superior environmental characteristics, the material can be found worldwide in a wide variety of applications including automotive interiors, furniture upholstery, IT accessories, or apparel.
The European Biotech Week celebrates biotechnology, an innovative and vibrant sector launched by the discovery of the DNA molecule back in 1953.
The first European Biotech Week that took place in 2013 marked the 60th anniversary of this pivotal moment in history. This momentous occasion opened the door to a better understanding of the world we live in both for scientists and for society.
Petroleo Brasileiro SA (PBR) is a Brazilian oil, natural gas, and energy company that is involved in prospecting, drilling, refining, processing, trading, and transporting crude oil from off and onshore oil fields and shale producing areas.
The gas and power segment of the company is involved in the generation of electricity.
PBR is one of many natural resource companies in South America’s most populous nation that has the highest GDP in the region. Petrochemicals OxoBiodegradable Plastic
This is recycling on another level
Yas, plastic can be made into T-shirts. Who knew?!
Regardless of whether you may or may not have heard of clothing manufacturer DGrade, you will be surprised by the things they do.
The clothing company has been working with its supply chains in China and India to use fabric made of shredded plastic is now about to kick off this process in its 3,500-square-metre recycling plant in Dubai this year. Petrochemicals OxoBiodegradable Plastic
Plastics are being reinvented by breakthroughs in polypropylene (PP) nucleating technology that are redefining the materials used in vehicle manufacture.
By allowing companies to improve and substitute materials, Milliken’s Hyperform range of nucleating agents for polypropylene (PP) “create exciting possibilities and perspectives for new products and the redesign of existing products and components. The materials can improve the speed and efficiency of the operations, leading to reduced costs and better productivity,” it says. The 150-year-old company has developed research, design and manufacturing expertise that reaches across a breadth of disciplines including specialty chemicals, floor covering, and performance and protective textiles. “For us, success is when discoveries made within Milliken help us all have more meaningful connections with the world,” says the company.
Automotive Industries (AI) asked Allen Jacoby, Vice President Plastics Additives at Milliken & Company, how the company’s chemical expertise serves the automotive sector.
Global automotive sector woes are not expected to recede until 2020, BASF CEO Martin Brudermuller said on Thursday, projecting a global decline for the sector of 4.5% this year.
A collapse in automotive sector demand and production had been expected to rebound in the second half of 2019 but, with economic indicators growing progressively weaker rather than stronger as the year goes on, a fast recovery is looking increasingly unlikely, according to Brudermuller. Petrochemicals OxoBiodegradable Plastic
New PET bottle combines relevant sustainability aspects
Practical line solutions contribute to environmental protection
KHS looks toward positive business development
KHS presents a new PET concept at the K Show based on the juice bottle as an example. It combines individual environmentally friendly packaging solutions in one container and thereby supports the theory of circular economy.
The system provider shows how efficiency and sustainability go hand in hand by offering further line-compatible container solutions in addition to its Bottles & ShapesTM service offering.
With these technologies, KHS provides its customers support in the conversion to an environmentally friendly and resource-conserving packaging portfolio.
ExxonMobil has begun production at a new 650,000 tonnes/year high performance polyethylene (PE) line in Beaumont, Texas, the company announced on Wednesday.
Planned expansion at ExxonMobil’s Beaumont, Texas integrated site will increase the facility’s polyethylene production capacity by 65%. (Photo courtesy of ExxonMobil)
With the addition of the new production line, the total PE capacity of Exxon’s Beaumont site has been raised to 1.7m tonnes/year. Petrochemicals OxoBiodegradable Plastic
Exxon’s new line is the latest addition to a large and ongoing wave of PE capacity expansion in the US, which has seen over 4m tonnes/year of new PE capacity added in the country since 2017.
Advancements in crop genomics and molecular biology are enabling us to combat plant pests, disease, environmental stresses as well as enhance nutrition and plant growth. However, being at the forefront of agricultural biotechnology raises both societal questions and concerns, as well as the need for new regulatory oversight. It is imperative that scientists bridge the gap and enable an open, global dialogue so that all are informed.
Coming at the heels of the EU ruling to regulate genome edited (bioedited) crops in 2018, live births of bioedited human twins were reported in China. Petrochemicals OxoBiodegradable Plastic
Alpek Polyester announces that it has joined The Recycling Partnership as an active member in support of the organization’s goals of increasing residential recycling rates and the need for increased availability of recycled materials to enable the creation of circular business models. Specifically, it is the goal of Alpek Polyester to support efforts to improve the availability of recycled PET (rPET) to meet growing customer needs for higher rPET content in end-use products.
Alpek Polyester is one of the largest recyclers of PET (Polyethylene Terephthalate) bottles in the U.S. and is the largest producer of PET in the Americas. “We are happy to join The Recycling Partnership to promote and increase PET recycling rates,” said Jon McNaull, VP of PET at Alpek Polyester.“PET is a versatile and outstanding packaging material that is fully recyclable and brings great value to its many end-uses.”
This week, PP prices in Far East Asia drifted lower. The price fall, was attributed to weaker regional demand trends coupled with a drop in PP futures on the Dalian Commodity Exchange in China.
CFR Far East Asia, PP raffia and PP injection prices, were assessed at the USD 1030/mt levels, a sharp week on week decrease of USD 25/mt. PP film prices were assessed lower at the USD 1060/mt levels, a drop of USD 15/mt from the last week. BOPP prices were also assessed at the USD 1055/mt levels, a week on week fall of USD 20/mt. PP block copolymer prices, were assessed at the USD 1090/mt levels, a drop of USD 15/mt from the previous week. Petrochemicals OxoBiodegradable Plastic