Petrochemicals Biodegradable Packaging
Crude Oil Prices Trend
North American licensing agreements will extend the well-known flooring brand into home furnishings and home improvement categories.
Spilled wine, messy pets and dirty shoes can all take a toll on the furnishings in your home. That’s why INVISTA, the parent company of the STAINMASTER® and STAINMASTER® PetProtect® portfolio of products, has announced plans to develop new licensed product opportunities and to expand its reach to new audiences.
“We develop products that live up to life’s messiest moments. Through new licensing partnerships, we will bring consumers more ways to experience our brand in complementary categories that will allow them to rest easy and enjoy life, just as we continue to do for the flooring industry,” said Brook Brown, Vice President, STAINMASTER® brand.
A yarn with unique characteristics, the Dryarn. Produced by Aquafil, a Trentino company based in Arco, it is very light, insulating, breathable and thermoregulating. It therefore guarantees total comfort in both amateur and more advanced performances.
A second skin, made to protect the first one. So, they could be called, intimate garments made with Dryarn yarn. They protect from the cold when the weather is inclement, and disperse the heat when instead – as in these days – the thermometer exceeds 30 degrees. We tested them in both conditions: in the first case obviously with the addition of a second layer; in the second, alone (although in reality the T-shirt was designed as an underwear item).
Dryarn is not the brand of a sportswear line, but a technical yarn patented by Aquafil, a company based in Arco (Trento), which specializes precisely in the production of fibers capable of guaranteeing maximum performance, even in the most extreme activities and conditions more difficult climatic conditions.
Reliance Industries Ltd (RIL), India’s largest private sector company and the world’s biggest integrated polyester producer, has joined hands with Turkey’s textile behemoth, Kivanc Tekstil, to manufacture and market R|Elan GreenGold, a sustainable and innovative fabric 2.0, to leading apparel brands and consumers across the world.
Apart from manufacturing and marketing R|Elan GreenGold fabrics, Kivanc will be the exclusive distributor of Recron GreenGold fibres to spinners, yarn manufactures and knitters across Turkey and it will offer the best quality eco-friendly textile solutions to brands and retailers to meet the ever growing demand of environment friendly apparels.
A teen from Ireland may have found the solution to rid world’s oceans from the microplastics that are near impossible to remove.
Fionn Ferreira, 18, designed a new method for the extraction of microplastics, or particles of plastic less than 5 millimeters in diameter, as part of the Google Science Fair, an online competition open to students between the ages of 13 and 18.
The procedure, inspired by an article written by physicist Arden Warner, involves using non-toxic iron oxide to clean up oil spills, according to Ferreira’s project study.
Despite the ongoing dispute over the S-400 missile system and the F-35 fighters, Turkey and the United States drew a road map to gradually increase bilateral trade volume to $100 billion—revised from the earlier target of $75 billion—during the bilateral meeting held between Presidents Recep Tayyip Erdogan and Donald Trump at the G20 summit last month.
A report commissioned by the Turkish business community and prepared by the Boston Consulting Group (BCG) on the new trade volume target identified eight sectors out of 38 in Turkey that have potential for exports to the United States.
The Chemours Company is adding to its titanium mining and processing operations.
The Wilmington company acquired Southern Ionics Minerals, LLC, an exploration, mining, and manufacturing company based in Jacksonville, FL. SIM was a wholly owned subsidiary of Southern Ionics Incorporated, a privately held chemical manufacturer based in West Point, MS. Selling price was $25 million.
The BRICS group represents not an ideological manifestation, but expresses a new economic reality, Brazilian diplomat Roberto Jaguaribe said here on Friday.
Jaguaribe, who currently serves as Brazil’s ambassador to Germany and previously held the position of ambassador to China, said that the bloc, which groups Brazil, Russia, India, China and South Africa, is a reflection of the rising relevance of its member countries.
“Developing nations grow twice as fast as developed countries, and that tends to demand new forums of representation. Thus, BRICS is not an ideological manifestation — in fact, it tried really hard not to do so — but represents an expression of a new economic reality,” he said.
On Thursday, US crude oil futures fell 7.9% and settled at $53.95 per barrel—the highest decline for oil prices in a single day since February 4, 2015.
In the last trading session, the United States Oil Fund LP (USO) fell 6.1%.
USO tracks US crude oil futures.
Tthe S&P 500 Index (SPY), the Invesco QQQ Trust (QQQ), and iShares Russell 2000 ETF (IWM) fell 0.8%, 0.5% and 1.44%.
Like oil, slowdown concerns due to the trade war might have impacted SPY, QQQ, and IWM.
Alpek has announced that its subsidiary, Alpek Polyester, has joined The Recycling Partnership as an active member, in support of the organisation’s goals of increasing residential recycling rates and the need for increased availability of recycled materials to enable the creation of circular business models. Alpek is a leading petrochemical company.
Specifically, it is the goal of Alpek Polyester, one of the largest recyclers of PET (polyethylene terephthalate) bottles in the US, to support efforts to improve the availability of recycled PET (rPET) to meet growing customer needs for higher rPET content in end-use products, according to a press release by the company.
SINGAPORE: Top oil exporter Saudi Arabia may cut prices for most of the crude grades it sells to Asia for a second straight month in September after Middle East benchmark prices weakened.
The official selling price (OSP) for flagship Arab Light crude could drop by at least 50 cents a barrel, falling below a premium of $2 a barrel for the first time in four months, a Reuters survey of five buyers in Asia showed.
The cuts would track a backwardation between prompt and third month Dubai prices that narrowed by 70 cents a barrel in July versus June. Spot prices are higher than those in future months in a backwardated market.
Asia’s incremental demand for September-loading Middle East crude weakened last month with several North Asian refineries scheduled to shut for maintenance during their autumn season.
Autotech-Sirmax India has announced the launch of a complete range of specialty Engineering Thermoplastics Compounds (ETPs) in the Indian market using technology from Sirmax S.p.A. Italy.
The launch coincides with a newly expanded, state-of-the-art, fully automated compounding plant at Valsad, Gujarat, and Palwal (near Delhi), with a capacity of over 40000 tpa.
The company (a JV between Tipco group and Sirmax) will use the ISO and DAFNE brands of Sirmax for its ETP compounds.
The launch has facilitated augmentation of the entire range of Polypropylene Compounds that Autotech-Sirmax supplies to major OEMs and Tier-1s in India since 1980s along with its proprietary range of Long-Fibre Thermoplastics Compounds.
Shipments exceed what was known, investigation shows
China is receiving oil shipments from a larger number of Iranian tankers than was previously known, defying sanctions imposed by the United States to choke off Tehran’s main source of income, an investigation by The New York Times has found.
The Times examined the movements of more than 70 Iranian tankers since May 2, when the U.S. sanctions took full effect.
Twelve of the tankers loaded oil after May 2 and delivered it to China or the Eastern Mediterranean, where the buyers may have included Syria or Turkey.
Plastics Recycling Update iconThe U.K. government is helping to fund recycled PP and PE deodorizing research, and an ultrafine PET melt filter is developed.
Flake to bottle preforms: A PET flake-to-preform technology has won a World Star Packaging Award. Four companies – recycling equipment manufacturer Erema, PET packaging maker SIPA, plastics recycling company Kyoei Industry and beverage company Suntory – were involved in developing what’s called the XTREME Renew Flakes to Preform System, which creates 100% recycled RPET bottle preforms in a single process. With an annual capacity of 300 million containers a year, the system has been in use by Kyoei Industry in Japan for nearly a year.
After the bulk of Q2 earnings reports and management guidance, hopes for a second half recovery have been dashed. And US President Donald Trump’s threat to slap 10% tariffs on an additional $300bn in imports from China starting on 1 September only dampen the outlook.
End market headwinds in automotive, housing, consumer electronics and durable goods, and geographically in China and Europe will persist while the US-China trade war is about to escalate even further.
Chemical stock prices took a beating on 1 August following Trump’s tariff threat. While the broader US market as measured by the S&P 500 fell 0.9%, the S&P 500 Commodity Chemicals Index plunged 3.0%.
Valdese – Meridian Specialty Yarn Group has opened a new, high-tech, yarn dyeing plant in the US which will supply high-end apparel, hosiery and home furnishings manufacturers.
The 116,000 square-foot facility, at the site of their current operations in Valdese, NC, is said by Meridian to be the first yarn and fibre dyeing operation to be built in the United States in over two decades and offers the only tow-dyeing capacity in the country.
Until this summer, all producer-dyed acrylic tow was imported from outside US borders.