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Crude Oil Prices Trend
The European acrylonitrile (ACN) market is recovering on the back of improved demand from many end sectors, but it is still a long way to go before it returns to a “normal” situation.
– Noted improvement in AF demand
– Automotive, ongoing concern
– Ability to forecast still hampered by uncertain future
Demand for acrylic fibre (AF) was severely hit during the coronavirus peak in Europe as lockdowns caused the retail sector to shut and many factories close.
Output rates for some were at 50% early in June, but as the market moves into July and the supply chain works its way through stocks, higher rates in July are likely.
Liquid X, an advanced manufacturer of functional metallic inks with engineering design and prototype-to-production manufacturing capabilities, announced today that its proprietary, particle-free silver ink used to create e-textiles and other functional textiles has received the OEKO-TEX Standard 100 Certification – a world-renowned label earned by textiles deemed safe for contact with skin after testing for harmful substances like carcinogens and heavy metals. Petrochemicals Enzymes Oxodegradable PX
Liquid X earned the strictest, baby-safe rating, Appendix 4, Product Class 1, certifying that its particle-free silver ink applied on nonwoven polyester fabric meets the human-ecological requirements not only for babies and toddlers up to 36 months (Class 1), but also for direct contact with the skin of anyone older than that (Class 2). Separately, the company also launched its own ComforTeX OEKO-TEX-certified face mask and antimicrobial filter.
China’s base oils imports are likely to fall in July, as rising prices for Group II base oils have narrowed the arbitrage margin and downstream lubricant producers have replenished ample inventories. Petrochemicals Enzymes Oxodegradable PX
Import prices for Group II base oils on CFR (cost & freight) China basis have posted a relentless rise, after bottoming out in mid/late May.
On 26 June, import prices for Group II base oil 150N averaged $400/tonne CFR China, up by $50/tonne from the trough set in late May, and those for Group II 500N averaged $565/tonne, up by $65/tonne from the low in mid-May, ICIS data showed.
OPEC’s share of the cut is 6.084 million bpd.
OPEC has cut oil output in June by 1.25 million barrels per day (bpd) from May levels as it works to implement a supply restraint agreement with Russia and other allies, according to estimates from tanker-tracking company Petro-Logistics.
OPEC and its allies, a group known as OPEC+, agreed to cut supply by a record 9.7 million bpd from May 1 to offset an oil price and demand slump triggered by the coronavirus crisis. OPEC’s share of the cut is 6.084 million bpd.
“Excluding Iran, Libya and Venezuela, which are not part of the curtailment agreement, OPEC-10 supply remains about 1.55 million bpd away from full compliance,” Petro-Logistics said in an email. Petrochemicals Enzymes Oxodegradable PX
Germany’s plastics recyclers are in a “critical situation” because of the coronavirus pandemic and things could become even worse in coming months, according to the country’s recyclers trade group Bvse.
“The combination of falling prices for new plastics, falling demand, and logistical difficulties put a considerable strain on recycling companies”, said the trade group’s vice president Herbert Snell. Petrochemicals Enzymes Oxodegradable PX
“We see tremendous problems facing the industry because we are dealing with a global crisis scenario that could worsen over the next few weeks and months as the corona-related restrictions are gradually lifted”, he said.
“It will be many months before the global economy starts up again and the supply chains function smoothly nationally, in Europe and internationally,” he said.
Suntory MONOZUKURI Expert Ltd. (SME), a subsidiary of Suntory Holdings Ltd., is proud to announce the establishment of R Plus Japan Ltd., a new joint venture company that will invest in the development of cutting-edge recycling technology for used plastics. R Plus Japan was established in partnership with 11 other cross-industry partners within the plastics supply chain. Petrochemicals Enzymes Oxodegradable PX
This collaboration aims to find effective solutions to address plastics waste issues to create a more sustainable society. Member partners include TOYOBO Co. Ltd., Rengo Co. Ltd., Toyo Seikan Group Holdings Ltd., J&T Recycling Corporation, Asahi Group Holdings Ltd., Iwatani Corporation, Dai Nippon Printing Co. Ltd., Toppan Printing Co. Ltd., Fuji Seal International Inc., Hokkaican Co. Ltd., and Yoshino Kogyosho Co. Ltd.. R Plus Japan will continue seeking additional investors, and companies such as Sumitomo Chemical Company Ltd. are currently considering joining.
Today, Resource Recycling Systems (RRS) releases its white paper on “Textile Recovery in the U.S.: A Roadmap to Circularity,” which highlights the current state of textile waste in the U.S. and outlines “a future-state system in which textiles are recovered for best and highest use.” Petrochemicals Enzymes Oxodegradable PX
In the preface, CEO Jim Frey notes that, “As one of the fastest growing waste streams, used textiles are a largely untapped resource. Recovering these fabrics and fibers as inputs to a variety of closed loop and cascading end uses presents the opportunity to develop more sustainable and resilient supply chains. The time is ripe for action throughout the industry value chain to transform textile manufacturing, use, and recovery into a truly sustainable and resilient system.
A team of Purdue University innovators hopes its new technology provides a more business-friendly option to utilize sustainable cellulose nanomaterials for use in vehicles, food packaging and other manufactured items.
The Purdue team developed a new way for manufacturers to use nanocellulose derived from plant matter.
Normally to process nanocellulose, solvents or other dispersants are usually added to the mixture to improve the material’s dispersion in polymers.
“These methods can be very expensive for manufacturers, who must add additional processes and machinery to comply with emission standards that may be impacted by the use of the solvents,” said Jeffrey Youngblood, a professor of materials engineering in Purdue’s College of Engineering.
Toyobo Co., Ltd. and 11 other companies forming a plastic value chain have jointly established a new company called R Plus Japan, Ltd. (“R Plus Japan”, hereafter), which will facilitate the recycling of used plastics to help solve plastics-associated problems and create a more sustainable society. R Plus Japan, which started operating in June, is headed by President Tsunehiko Yokoi and located in Minato Ward, Tokyo.
The 11 companies are: Suntory MONOZUKURI Expert Ltd.; Rengo Co., Ltd.; Toyo Seikan Group Holdings, Ltd.; J&T Recycling Corporation; Asahi Group Holdings, Ltd.; Iwatani Corporation; Dai Nippon Printing Co., Ltd.; Toppan Printing Co., Ltd.; Fuji Seal International, Inc.; Hokkai Can Co., Ltd.; Yoshino Kogyosho Co., Ltd. R Plus Japan will continue seeking additional investors, and companies such as Sumitomo Chemical Company, Ltd. are currently considering joining. Petrochemicals Enzymes Oxodegradable PX
Veena Sahajwalla has launched the world’s first e-waste microfactory and plans to export the model throughout Australia, and the globe.
When China announced a ban on the importation of 24 types of solid waste in January 2018, the inherent inefficiency of Australia’s A$15 billion waste industry was suddenly exposed. Petrochemicals Enzymes Oxodegradable PX
An annual average of 619,000 tonnes of Australian recyclable materials were left without a home.
The nation was facing a waste crisis, but Professor Veena Sahajwalla had a strategy for tipping the materials straight back into the economy.
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