Petrochemical Polyolefins Circular Economy
China – Polyethylene Terephthalate
PET and its chain are assessed mixed.
Crude oil price is in good health.
Polyamide 6 and its chain are steady,but weak.
Acrylonitrile is steady.
PET Bottle grade export 800/840 $/ton – PET Bottle grade domestic market 6,500/6,600 yuan/ton – PET Filament grade SD domestic market 6,050/6,150 yuan/ton – PET Filament grade BR domestic market 6,150/6,250 yuan/ton
PTA Taiwan 605/615 $/ton – PTA domestic market 4,800/4,950 yuan/ton – MEG 545/555 $/ton – MEG domestic market 4,600/4,750 yuan/ton – PX Korea 760/775 $/ton.
Polyester POY 150D/48F domestic market 7,150/7,250 yuan/ton – Polyester DTY 150D/48F domestic market 8,700/8,800 yuan/ton – Polyester Staple PSF domestic market 7,000/7,100 yuan/ton
Crude Oil Prices Trend
Maintaining the benefits of plastics while eliminating the downsides — this is one of the great challenges the plastics industry faces. Husky has responded to this in several ways.
Sustainable packaging was not only one of the central topics of K 2019, it was also of importance at the Husky booth. Husky aimed to showcase sustainable packaging solutions using plastics.
This is in response to the company’s own commitment as well as the increasing demands of customers for packaging with lower carbon footprints. Recycling and recyclable materials are of increasing importance.
The head of Italy’s Bio-on was arrested on Wednesday in a probe into false accounting and market manipulation, just three months after the bio-plastics maker suffered an attack by a short seller fund that erased 80% of its value.
At a press conference in Bologna a prosecutor said Bio-on CEO and Chairman Marco Astorri had been placed under house arrest as part of the so-called “Plastic Bubbles” investigation.
In line with its commitment to work towards a more sustainable future, GRP Solutions, a highly experienced team of composite and adhesive experts, in collaboration with INEOS Composites, will be showcasing a new plastic waste reducing resin at this year’s Advanced Engineering Show.
The exhibition takes place from 30-31 October at the NEC, Birmingham, and is the UK’s largest annual advanced manufacturing trade show that provides the opportunity to meet and network with OEMs and supply chain partners.
If you conduct a patent search for ‘recycling plastic’, you’ll get roughly one million results. While this would usually indicate a mature industry, in the UK there’s still huge variation in the plastics accepted by local recycling centres. For example, the notorious coffee cup can be recycled, but there are only three plants capable of doing so in the UK — and sorting and transporting used coffee cups is costly and damaging to the environment.
This indicates that there’s a real lag between innovation and technology adoption in the recycling industry. Such a lag is particularly obvious when we consider bioplastics — but what’s causing it, and can IP rights help to fix it?
Innovia Films and German snack manufacturer Wildcorn have worked together to produce a fully recyclable and sustainable pack for its Wildcorn organic popcorn range.
The joint project to establish a new sustainable packaging standard began soon after the launch of Innovia’s Propafilm Strata high-barrier film, which achieved the Made for Recycling logo from Interseroh, an independent recycling and consulting company.
Braskem has launched its new stretch film solution at K Fair. The solution was presented at K 2019. The launches of Braskem Flexus 3600 and PP RF70 are the result of the company’s efforts to develop new solutions in multi-layer stretch films.
With what the company describes as superior processability and high yields during application, the solutions have advantages in terms of sustainability, since it reduces the amount of raw material needed for their production. In addition to productivity gains, the stretch film also reduces waste during transport, offering benefits in all links of the company’s value chain.
The new “Bridge to Circularity” report calls for $500M in investments by 2025 to transform the U.S. recycling system.
The Recycling Partnership has announced the first-ever roadmap aimed at addressing systemic issues in the U.S. recycling system and catalyzing the transition toward a circular economy for packaging.
The report, “The Bridge to Circularity: Putting the ‘New Plastics Economy’ into Practice in the U.S.,” is inspired and endorsed by the Ellen MacArthur Foundation, which has a New Plastics Economy Global Commitment to unite more than 400 businesses, governments and other organizations behind a common vision to target and address plastic waste and pollution at its source.
Lenzing is taking on another collaboration, this time with DuPont Biomaterials, to launch a fabric collection made mainly of fibers derived from natural materials.
A nascent company that uses the non-recycled waste stream as feedstock is looking to site a processing plant in the U.S.
UBQ Materials, based in Israel, has developed a process to convert municipal solid waste into a composite that is used in place of traditional plastic. The material is sold to companies manufacturing plastic boxes, shopping carts, pallets, pipes, panels and more.
One of the company’s end markets was recently highlighted when UBQ provided 2,000 recycling bins made of its composite material to the Central Virginia Waste Management Authority.
Petrochemical Polyolefins Circular Economy