Petrochemicals Naphtha Oxodegradable PX 03-07-2020

Petrochemicals Naphtha Oxodegradable PX

Crude Oil Prices Trend

Crude Oil Prices Trend

-DSM Halves Carbon Footprint of Polyamide

DSM’s Engineering Materials division will offer its existing Akulon polyamide (PA) 6 portfolio produced in Europe with a significantly reduced carbon footprint by the beginning of 2021, thus offering the lowest carbon footprint of PA 6 available in the market. This enables DS

M’s customers to reduce the carbon footprint of their own products and contribute to the global reduction of greenhouse gas emissions.

Akulon PA6 is a thermoplastic material with high heat resistance. It is commonly used in a variety of applications including automotive, electrical equipment, electronic devices, and packaging.

Petrochemicals Naphtha Oxodegradable PX

-Angela Merkel says EU ‘must prepare’ for no-deal Brexit

German chancellor warns progress in talks between UK and EU has been very limited.

By Hans von der Burchard 7/1/20, 2:59 PM CET Updated 7/1/20, 5:01 PM CET

The European Union must prepare for the possibility that negotiations with the United Kingdom won’t secure a deal, German Chancellor Angela Merkel warned Wednesday.

“To put it mildly, progress in the negotiations has been very limited,” Merkel told the German Bundestag, adding: “I will continue to press for a good solution. But we in the EU and also in Germany must and should prepare for the event that an agreement is not reached after all.”  Petrochemicals Naphtha Oxodegradable PX

-Angela Merkel says EU ‘must prepare’ for no-deal Brexit

-PolyOne completes purchase of Clariant business, changes name to Avient

PolyOne Corp. on Wednesday said it’s completed its $1.44 billion purchase of Clariant’s masterbatch business and said it will change its name to Avient.

Avon Lake-based PolyOne (NYSE: POL), which makes specialized polymer materials and operates in three segments — color, additives and inks — also said its stock symbol will change on July 13 to “AVNT,” in conjunction with the name change

PolyOne announced the deal with Clariant in December. Clariant’s color and additive masterbatch business posted sales of $1.15 billion in 2019. The business has 46 manufacturing operations and technology centers in 29 countries and approximately 3,600 employees.  Petrochemicals Naphtha Oxodegradable PX

PolyOne completes purchase of Clariant business, changes name to Avient

-Oil Ministry slashes petchem feedstock price by 10%

The decision comes as the global oil prices have fallen significantly due to the outbreak of the coronavirus and consequently the value of other products like petrochemicals has also declined in global markets.

Ethane price was previously set based on the prices of its comprising elements including polyethylene and naphtha, according to which the base price was $220 and the ceiling was $400 per ton in Iran.  Petrochemicals Naph tha Oxodegradable PX

Oil Minister Bijan Namdar Zanganeh, however, ordered the reduction of prices by 10 percent to help the petrochemical complexes get through the current hard times by increasing their interest margins.

Back in September 2019, Managing Director of Iran’s National Petrochemical Company (NPC) Behzad Mohammadi said the feedstock for petrochemical complexes is going to reach equal to 1.7 million barrels per day (bpd) of oil by 2025.

Petrochemicals Naphtha Oxodegradable PX

-Nouryon completes CMC acquisition

Nouryon has completed its previously announced acquisition of the carboxymethyl cellulose (CMC) business of J.M. Huber Corporation.

The newly-acquired business manufactures a complete line of CMC grades and serves customers in over 80 countries, generating sales of around €135 million. It includes a world-class manufacturing plant and advanced R&D facility located in Äänekoski, Finland. The business’s 248 employees will transfer to Nouryon.

The transaction will significantly broaden Nouryon’s portfolio of products in CMC, a sustainable, bio-based water-soluble polymer used as a thickener, binder, stabilizer and film former.  Petrochemicals Naphtha Oxodegradable PX

Petrochemicals Naphtha Oxodegradable PX

– Uflex reports a strong quarter with arrays of innovations

Uflex declared its earnings for Q4 (January-March) and FY2019-20 on 30 June. The company has had a strong quarter with a surge in consolidated net profit by 43.5% YoY to Rs 100.6-crore for Q4 FY19-20; whereas its consolidated EBITDA rose by 6.3% YoY to Rs 276.4-cr and EBITDA margin improved to 15.6% from 12.6% last year.

Ashok Chaturvedi, chairman and managing director, Uflex, said, “The year that went by brought its own set of challenges starting with slowdown in the economy to  rising debate on plastic waste management and lastly the unexpected disruptions caused by Covid-19. Petrochemicals Naphtha Oxodegradable PX

As a focused group, these challenges have formed to be a flagpole to our innovation for tomorrow. Even during this crisis, we continued our operations such that supply chain of essential commodities like food and pharma wasn’t completely interrupted and these packaged goods reached public at large.”

Uflex reports a strong quarter with arrays of innovations

-JDA TO ADVANCE CONVERSION OF SYNGAS TO ETHYLENE

A recently announced joint development agreement (JDA) between Enerkem Inc. (Montreal, Que.) and NOVA Chemicals (Calgary, Alta.) is aimed at developing recycling technology to allow difficult-to-recycle plastics (specifically #3–7 polymers), as well as other municipal solid waste (MSW), household waste and construction materials, to be converted into ethylene at full commercial scale.

The development project will involve Enerkem’s gasification process, which is capable of generating synthesis gas (syngas; CO and H2) from a wide range of feedstocks, including MSW, biomass and polymers, including polyvinyl chloride (PVC) and polyethylene terephthalate (PET). Enerkem’s gasification platform involves gasification of sorted feedstocks by thermal cracking in a bubbling, fluidized-bed gasifier, followed by purifying and separating the syngas (diagram). Currently Enerkem converts syngas to methanol and ethanol.  Petrochemicals Naphtha Oxodegradable PX

Petrochemicals Naphtha Oxodegradable PX

-Rudolf introduces coating against bacteria, viruses

Rudolf Group has introduced an antimicrobial coating for textile applications with antibacterial and antiviral properties. With COVID-19 causing an increase in demand for products with antimicrobial properties, Rudolf invested in adding antiviral feature to one of its leading technologies. This resulted in a new antibacterial and antiviral textile finishing. Petrochemicals Naphtha Oxodegradable PX

As a consequence of COVID-19 global pandemic the demand for chemical auxiliaries with antimicrobial effect has boomed. Rudolf Group invested important resources in the meticulous assessment of a new antiviral feature which is now added to one of its leading technologies.

-Rudolf introduces coating against bacteria, viruses

-Euratex presents Covid-19 recovery strategy for textile and apparel industry

Euratex, the European Apparel and Textile Confederation, has come up with a strategy for the future that is supposed to turn the current coronavirus crisis into an opportunity. Part of the strategy, which was endorsed by the last general assembly, is for the industry to become “more digital, sustainable and agile” and five flagship initiatives have been identified in critical areas. Petrochemicals Naphtha Oxodegradable PX

The general assembly also re-elected Alberto Paccanelli as president and appointed Jean-François Gribomont, Gregory Marchant, Hadi Karasu and Bodo Bölzle as vice presidents.

While European textiles and clothing companies have been crucial in providing short-term relief in the crisis, such as converting their production or an increased production of PPE, now long-term goals need to be tackled that involve a renewal process of the sector and its value chain and a more competitive and greener future.

Euratex presents Covid-19 recovery strategy for textile and apparel industry

-Europe PE faces falling demand, higher capacities as fortunes with PP diverge

The European polyethylene (PE) and polypropylene (PP) markets have so far survived relatively unscathed the pandemic-induced recession, but the true testing times are yet to come as weakening demand meets increased capacities.

Moreover, the two products’ outlooks are likely to diverge as some downstream sectors recover quicker than others.

DIFFICULT EVEN BEFORE COVID

PE players in Europe were bracing themselves for a poor 2020 as increased low-cost capacity globally would affect profitability in the region.

New PP volumes were also on the rise, mainly in Asia, but it was more weak demand in the automotive industry that was the concern for the market, and PP players were more relaxed than their PE counterparts. Petrochemicals Naphtha Oxodegradable PX

Europe PE faces falling demand, higher capacities as fortunes with PP diverge

Petrochemicals Naphtha Oxodegradable PX

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