Petrochemical PET Resin ACN News 21-11-2019

Petrochemical PET Resin ACN

China – Polyethylene Terephthalate

PET and its chain are assessed mixed,but globally are weak .

Crude oil price is steady.

Polyamide 6 and its chain continue to be weak.

Acrylonitrile decreases.

Naphtha descreases,

PET Bottle grade export 770/825 $/ton PET Bottle grade domestic market 6,300/6,400 yuan/ton PET Filament grade SD domestic market 5,850/5,950 yuan/ton – PET Filament grade BR domestic market 5,900/6,000 yuan/ton

PTA Taiwan 600/610 $/ton PTA domestic market 4,750/4,900 yuan/tonMEG  545/555 $/ton – MEG domestic market 4,650/4,750 yuan/tonPX Korea 755/770 $/ton.

Polyester POY 150D/48F  domestic market 6,900/7,050  yuan/tonPolyester DTY 150D/48F  domestic market 8,500/8,600  yuan/tonPolyester Staple PSF domestic market 6,700/7,800 yuan/ton

Petrochemical PET Resin ACN

Crude Oil Prices Trend

Crude Oil Prices Trend

-Ioncell’s fiber innovation could help drive the circular economy transition

The textile, garment and fashion industries generate tonnes of pollution each year and recycle very little, which has harmful effects on the environment and on humans.

EIT Climate-KIC supported Ioncell directly addresses these global systemic issues by offering an innovation that regenerates fibers, while enabling them to be recyclable and biodegradable.

Might it be the key to transitioning these unsustainable industries to a circular economy?

Petrochemical PET Resin ACN

-Russia unlikely to deepen oil output cuts: sources

Russia is unlikely to agree to deepen cuts in oil output at a meeting with fellow exporters next month, but could commit to extend existing curbs to support Saudi Arabia, three sources said on Tuesday.Petrochemical PET Resin ACN 

The Organization of the Petroleum Exporting Countries meets on Dec. 5 at its headquarters in Vienna, followed by talks with a group of other exporters, which includes Russia, known as OPEC+.

Petrochemical PET Resin ACN

-Injection molder PMM acquires Phillips-Moldex

Plastic Molding Manufacturing ICo. (PMM), a Hudson, Mass.-based injection molder, acquired Phillips-Moldex Co., an injection molder in Putnam, Conn., as part of a growth strategy to expand in the United States and reshore plastics production from overseas.

Founded in 1958, Phillips-Moldex produces plastic components, such as gears and ball bearings, for the automotive, medical, office equipment and other markets in a highly automated plant with work cells and 35 employees.Petrochemical PET Resin ACN 

Petrochemical PET Resin ACN

-South Asia can turn the tide on oceans plastics pollution

Imagine you’re standing on the pristine beach of a remote atoll in the Maldives. Turquoise water, white sand, gleaming sun– this is as close to an unspoiled Eden as it gets.

But something does not belong here as you notice a small plastic bottle drifting past you.

Instantly, this vision of paradise is lost.Petrochemical PET Resin ACN 

Sadly, this bottle is but a tiny fragment of the million tons of plastic waste that threaten Maldives’ fragile environment. In the capital city of Male alone, 280,000 plastic bottles get discarded every day.

Petrochemical PET Resin ACN

-EPA Recycling Summit emphasizes need for urgent action, shies away from regulatory changes

Officials and industry representatives touted progress, including upcoming voluntary recycling goals, but expressed confidence the market can handle this evolution with minimal policy interference

More than two years into the fallout from China’s scrap import restrictions, key figures in the recycling industry have united behind the need for increased, immediate federal activity in the space. Petrochemical PET Resin ACN 

EPA Recycling Summit emphasizes need for urgent action, shies away from regulatory changes

-Coca-Cola switches to recycled plastic for PET bottles in Sweden

Drinks group Coca-Cola (KO.N) said on Tuesday it would start using PET bottles in Sweden made only of recycled plastic in a first step towards expanding its use of recycled plastic in western Europe.

Coca-Cola said the switch at its Jordbro factory south of Stockholm would enable the company to use around 3,500 tonnes less of virgin plastic annually.

The company also said increasing the share of recycled material in packaging was an efficient way to reduce its C02 footprint.Petrochemical PET Resin ACN 

Coca-Cola switches to recycled plastic for PET bottles in Sweden

-“Accurately predicting consumer responses to sustainable packaging”

Consumer beliefs about sustainable packaging differ significantly from the reality. Marketing and Consumer scientist, Dr Nigel Steenis, therefore suggests manufacturers think extremely carefully about consumer perception of new sustainable packaging before launching it onto the market. The scientist successfully defended his PhD thesis, at Wageningen University & Research, November 5th 2019.Petrochemical PET Resin ACN 

Following his Master in Management, Economics and Consumer studies, achieved five years ago, Steenis saw a PhD as “the perfect pathway to continuing his development in this field.” Shortly after graduating, he became aware of an interesting vacancy at TiFN and applied immediately.

“As a marketing researcher, TiFN’s unique combination of scientific excellence and industrial relevance really appealed to me.”

Petrochemical PET Resin ACN

-US firm to build ethylene-to-alkylate plant in Texas

Next Wave Energy Partners made a final investment decision (FID) to build an ethylene-to-alkylate plant in Pasadena, Texas, off of the Houston Ship Channel, the US-based company said on Wednesday.

Next Wave did not reveal the cost of the project.

The plant, called Project Traveler, will have a capacity to produce 28,000 bbl/day of alkylate, Next Wave said.

It can consume more than 1.2bn lb/year (544,000 tonnes/year) of ethylene, the company said. Next Wave will receive the feedstock from multiple pipelines. It can also receive feedstock and deliver product by rail.

US firm to build ethylene-to-alkylate plant in Texas

Petrochemical PET Resin ACN

Petrochemical PET Resin Polyester News 20-11-2019

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