Petrochemicals Biodegradable Paraxylene
Crude Oil Prices Trend
Asia’s naphtha prices tumbledon Monday on losses in global crude oilbenchmarks, with muted demand and ample supplyalso weighing on the market.
Container ships atTokyo port. (Photo by KojiSasahara/AP/Shutterstock)
In early hours session, open-specificationnaphtha prices for first-half October deliverystood at $454.50/tonne CFR (cost and freight)Japan basis, falling by $15.25/tonne from theprevious Asia close on 23 August.
Spot CFR Japan naphtha prices have slumped totheir lowest in more than two weeks against a slippery slope backdrop, according to ICISdata, undermined by volatility in global oilprices. Petrochemicals Biodegradable Paraxylene
Sabanci Holding, Turkey’s second largest conglomerate by sales, has mandated its CEO Cenk Alper and Cement Group head Tamer Saka to sell its entire 57.9% stake in woollen textiles producer Yunsa, the conglomerate said on August 26 in a stock exchange filing.
Yunsa makes up 4.6% of Sabanci’s net asset value. Yunsa shares were trading with an EV/Ebitda of 4.7, Is Invest said in its daily bulletin.
Sabanci shares (SAHOL) were down 2.04% d/d to TRY8.65 and up 24.85% y/y as of 13:00 Istanbul time, while Yunsa shares (YUNSA) jumped 19.8% d/d to TRY4.84, meaning they were down 21% y/y.
Asia’s petrochemical sharesand prices of key feedstocks is set to beweighed in the near term by the latesttit-for-tat escalation in the trade war betweenthe US and China.
A currencydealer works in front of a display screen at thetrading room of KEB Hana Bank’s headquarters inSeoul, South Korea (YONHAP/EPA-EFE/Shutterstock)
Fresh worries over the trade war resulted inChina’s yuan (CNY) falling to a record low on Monday at CNY7.14 to thedollar.
In the energy market, Brent crude was down by0.49 cents at $58.85/bbl after earlier havingtouched $58.24/bbl, the lowest since 15 August.US crude was trading 56 cents lower at $53.61. Petrochemicals Biodegradable Paraxylene
Lotte Chemical Corp., a petrochemical company under South Korean conglomerate Lotte Group that has been seeking to bolster its advanced material business, has joined a race to win Hitachi Chemical Co., the chemical unit of Japan’s Hitachi Ltd., against leading global private equity firms.
According to multiple sources from the investment banking industry on Friday, Lotte Chemical has submitted a preliminary bid earlier this month to buy Hitachi Chemical from its largest shareholder Hitachi with 51.2 percent stake ownership. Foreign media have reported that Hitachi has received preliminary bids for the majority stake in Hitachi Chemical by August 9
In April announced that Ems-Chemie-Boss: “We are the Swiss company, which reduces the most CO2!”.
Further down in the article it is clear why: energy is a major cost factor. “Every saving also means less costs,” explains Magdalena Martullo-Blocher.
Or money: Because, as the “Sunday newspaper” has, of all things, washed down the CO2-reduction of Ems-Chemie between 2013 and 2018, to around 7 million in the Fund. There is a large incentive to reduce emissions. Petrochemicals Biodegradable Paraxylene
Customized compounds based on polybutylene terephthalate (PBT) can be a cost-effective alternative to high-performance thermoplastics in the production of fuel filler flaps. This can be seen in the new Skoda Scala, for example, whose fuel filler flap is made from Pocan B5221XF from materials supplier Lanxess.
PBT fuel filler cap is a lower-cost, yet high-performance alternative to resins such as PPE+PA.
The PBT compound was given preference over a blend of polyphenylene ether and polyamide (PPE+PA). “Our material is less expensive and exhibits comparable performance when it comes to surface quality, paintability, and mechanical properties.
Everyone knows that our raw material resources, such as oil, are limited. Reason enough to think about alternatives for a wide variety of applications.
The annual production of around 400 million metric tons of polymers, for example, is still extracted for the most part from crude oil.
This may soon change in this market, which is considered one of the most significant in the chemical industry.
Researchers from the Faculty of Applied Sciences at the Cologne University of Applied Sciences have developed a process for using linoleic acid – which can be obtained from vegetable oils by hydrolysis and distillation – as a new source for bio-based polymer intermediates. Petrochemicals Biodegradable Paraxylene
The Apparel Textile Sourcing Germany (ATSG) trade fair will take place for the first time in Berlin from September 11 to 13, 2019.
Two hundred manufacturers from all over the world will come together at the Estrel Conference Center Berlin.
Visitors will be given the opportunity to learn about developments and trends in the global clothing and textile market.
The spectrum ranges from sustainable clothing to trendsetting production techniques.
Getecha has equipped its complex shredding plants with integrated feeding devices, grippers and exhaust air systems.
Getecha has equipped its complex shredding plants with integrated feeding devices, grippers and exhaust air systems. (Source: Getecha)
When comminution mills are integrated into automated plastics processing, their information integration also moves into the focus of planners and automators.
Getecha is therefore increasingly equipping the larger central mills of its Roto Schneider series with intelligent Industry 4.0-functions. Petrochemicals Biodegradable Paraxylene