Bioplastic CrudeOil Plastic Recycling 17-01-2020

Bioplastic CrudeOil Plastic Recycling

Crude Oil Prices Trend

Crude Oil Prices Trend

-Covestro and GAC Group in concept car collaboration

Covestro has partnered with the Research and Development Center of Guangzhou Automobile Group Co Ltd. (GAC R&D Center) to develop a lightweight composite seat back for the Chinese car manufacturer’s latest electric concept car, the ENO.146.

Together with the Research and Development Center of the Chinese car manufacturer GAC, Covestro is developing a new lightweight construction concept for seat backrests for its ENO.146 concept car, with the aim of reducing the weight of the car while raising the bar for sustainability.

Bioplastic CrudeOil Plastic Recycling

-Hyosung Meets Demand for Eco-Friendly Goods With Suite of Recycled Fibers

As sustainably made products have become more of a consumer expectation than just an industry trend, brands are relying on strong collaborations with their supply chain to make apparel and gear that consumers feel good about purchasing.

To help brands produce enduring, eco-friendly products their customers are anticipating, leading fibre manufacturer Hyosung has developed its new regen sustainability program of 100% recycled multi-performance fibres that will be introduced at ISPO Munich, from 26-29 January 2020.Bioplastic CrudeOil Plastic Recycling

Bioplastic CrudeOil Plastic Recycling

-MEG spot prices in Europe rose

MOSCOW Spot prices for monoethylene glycol (MEG) in Europe rose amid increasing demand and delays in import supplies, ICIS reports .

In early January, European wholesale MEG prices rose due to increased demand, increased spot purchases and limited supplies of imported materials.

2019 was a difficult year due to an increase in global capacities, and a decrease in demand, which led to a record decline in prices.

MEG spot prices in Europe rose

-New fluorescent tech can light up food packaging recycling rates

Current sustainability objectives and the drive to a more effective circular economy have increased the demand for recycled materials in packaging, yet despite this the biggest hurdle to boosting the amount of recycled plastic for food packaging remains the poor quality of recyclates.NexTek-Bottle-Scan-Recycling-Fluorescent

One of the key limitations of the current technologies is that whilst recyclers can sort plastic by polymer type, they can’t readily identify what the product once contained.

Bioplastic CrudeOil Plastic Recycling

Bioplastic CrudeOil Plastic Recycling

-OPEC sees growing supply threat from rivals beyond U.S. shale

OPEC’s latest forecasts suggested a weaker outlook for global oil markets this year as surging supplies from competitors from Norway to Guyana threaten the group’s efforts to defend crude prices.

The organization and its allies — which together account for about half the world’s oil output — are embarking on a fresh round of production cuts as another year of booming rival supplies threatens to unleash a new glut. OPEC’s latest monthly report shows their challenge extends far beyond the shale patch of Texas and North Dakota.

The Organization of Petroleum Exporting Countries boosted forecasts for growth in output from non-members in 2020 by 180,000 barrels a day to 2.35 million a day, as offshore projects once seen unfeasible in an era of lower oil prices take off. While the outlook for the U.S. was lowered, America will still account for almost two thirds of the new output.Bioplastic CrudeOil Plastic Recycling

Bioplastic CrudeOil Plastic Recycling

-UK R-PET colourless flake prices drop on virgin PET competition

Colourless recycled polyethylene terephthalate (R-PET) spot prices have seen significant reductions because of pressure caused by low virgin PET prices, market sources said this week.

The three-digit drop at the low end of the price range was a result of sellers offering significantly lower prices in order to secure business from buyers tempted to switch back to virgin.

Prices below £700/tonne FD UK were also heard in the market but these were not widely confirmed, though prices could still come under pressure if the virgin market remains at low levels.Bioplastic CrudeOil Plastic Recycling

UK R-PET colourless flake prices drop on virgin PET competition

-Dow, Avangard to bring post-consumer grades of PE to North America

Materials giant Dow Inc. and recycling leader Avangard Innovative LP are teaming up to offer recycled-content resins to North American plastics processors.

Dow of Midland, Mich., and Avangard of Houston announced the partnership Jan. 15. Avangard will supply Dow with post-consumer (PCR) grades of low and linear low density polyethylene sourced from plastic film. Dow then will combine this material with its own virgin grades of LDPE and LLDPE.Bioplastic CrudeOil Plastic Recycling

Bioplastic CrudeOil Plastic Recycling

-European R-PET sentiment dominated by upstream costs, geopolitics

The direction of virgin polyethylene terephthalate (PET) prices and the availability of post-consumer material, together with ever-increasing demand from brands and fast moving consumer goods (FMCGs) for certain grades of recycled material, are all impacting recycled PET (R-PET) sentiment into the new year, according to market sources.Bioplastic CrudeOil Plastic Recycling

Many R-PET buyers and sellers are watching the virgin PET market and upstream feedstocks paraxylene (PX) and monoethylene glycol (MEG) in an attempt to understand where R-PET prices may go in the first quarter.

European R-PET sentiment dominated by upstream costs, geopolitics

-Roica invites ‘reversed’ journey in sustainable sportswear

For 2020 edition of ISPO Munich from January 26-29, the fashion and textile fair dedicated to sportwear & athleisurewear, Roica has created an interactive booth inviting visitors to explore a backward path from final sportwear to yarn. The sustainable premium stretch fibre by Asahi Kasei, has conceived the exhibition as a ‘reversed’ journey in three acts.Bioplastic CrudeOil Plastic Recycling

At ISPO, Roica will present the new Global Recycled Standard -GRS- certified Roica EF which innovates with excellent dyeability and the Cradle to Cradle Material Health Gold level-certified Roica V550 yarn which allows excellent and durable printability.

Roica invites 'reversed' journey in sustainable sportswear

-New PET bottle recycling rule effective on Feb. 1

In 2018, a waste crisis occurred in Seoul after private waste collectors refused to pick up plastic, leading to the central government banning the use of plastic bags and cups in big supermarkets and coffee shops nationwide.

Starting from Feb. 1, residents of the capital will face another consequence. The city will collect plastic bottles made of polyethylene terephthalate ― simply known as PET ― separately  Bioplastic CrudeOil Plastic Recycling

Residents will have to put PET bottles in separate bags for collectors to pick them up. The new rule will only be applied to transparent water PET bottles ― colored beer and soda bottles and transparent milk bottles will be excluded. The new PET collections will be on Thursday only.

New PET bottle recycling rule effective on Feb. 1

Bioplastic CrudeOil Plastic Recycling

Petrochemicals Bioplastic Crude Oil 16-01-2020

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Monoethylene Glycol Europe Prices

Monoethylene Glycol Europe Prices

MEG spot prices in Europe rose

Monoethylene Glycol Europe Prices

MOSCOW- Spot prices for monoethylene glycol (MEG) in Europe rose amid increasing demand and delays in import supplies, ICIS reports .

In early January, European wholesale MEG prices rose due to increased demand, increased spot purchases and limited supplies of imported materials.

2019 was a difficult year due to an increase in global capacities, and a decrease in demand, which led to a record decline in prices. Monoethylene Glycol Europe Prices

The market became much more liquid with the onset of January, when players replenished stocks of material after the Christmas holidays, starting from a year with rising prices.

In the week ending January 10, prices rose EUR35 per tonne at the low and EUR55 per tonne at the high, resulting in a range of EUR465-500 per tonne, CIF NWE.

Stocks tend to be minimized at the end of the year, and in January consumers are focused on restoring stocks.Monoethylene Glycol Europe Prices

Prices in Europe remain low. Spot MEG prices in Asia rose last week due to higher crude oil prices amid tensions between the US and Iran.

On Monday, January 13, 1,000 tons were sold at a price of EUR510 per tonne, CFR NWE for delivery in January.

MEG is one of the main raw materials for the production of polyethylene terephthalate (PET).

According to ScanPlastof Market Report, the estimated PET consumption in Russia grew by 2% in January-November last year compared to the same period a year earlier and amounted to 639.58 thousand tons.

The total estimated material consumption in November last year decreased by 22% compared to the same month of 2018 and amounted to 46.16 thousand tons against 59.34 thousand tons last year.

mrcplast.ru

Author: Anna Larionova

Petrochemicals Bioplastic Crude Oil 16-01-2020

Monoethylene Glycol Europe Prices

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