Petrochemicals Polyamide CarbonFiber PET
Crude Oil Prices Trend
Resurgence in exports, stronger domestic demand, higher feedstock costs push prices back up for PE, PP, PS, PVC—but not PET.
Prices of four of the five major commodity resins were in various stages of an upward trajectory going into the third quarter.
PET was the exception, with tabs mostly flat due to high domestic production and continued imports.
Driving higher prices for the other resins were increased domestic demand (particularly for PE) and stronger export activity as North American suppliers regained their feedstock advantage once crude-oil prices jumped up to $40/bbl.
Clouding the future outlook were uncertainties about the course of the COVID-19 pandemic and expectations for an active hurricane season ahead.
As lives have been radically disrupted due to the coronavirus pandemic, consumers are seeking comfort and security from their daily surroundings that range from the home where we are living in and working from, to the clothes we wear, says fibre producer Hyosung. Petrochemicals Polyamide CarbonFiber PET
This global condition, the company says,has accelerated the desire for comfortable, versatile, and sustainable apparel that can be worn for multiple uses, that is made to last, and is in synch with their individual style.
Materials play a key role in the comfort, performance and sustainable features consumers crave in these crossover garments. To fill this need, the fibre giant Hyosung has expanded its 100% recycled multi-function fibre offering, which it will present at Outdoor Retailer Online show from 21-23 July 2020.
- Loop Industries says it has come up with a solution for how to better recycle plastic waste.
- Only 10% of all plastics produced worldwide have been recycled and plastic waste is polluting the environment and hurting wildlife.
- The moves come as consumers grow aware of plastic pollution and ask companies to clean up their operations by making reusable packaging.
Loop Industries, Inc. says it has come up with a solution for a dirty problem — how to better recycle plastic waste. Petrochemicals Polyamide CarbonFiber PET
And this month, the Canadian company got a high-profile boost from the French conglomerate Danone, makers of the Evian bottled water brand, who called Loop a “breakthrough technology company” and enlisted them for their quest to make all of its Evian bottles from 100% recycled plastic by 2025. Danone even revealed that Evian has designed a bottle without a label to reduce the presence of multiple types of plastics that can complicate or hinder recycling.
The COVID-19 pandemic has increased the use of plastic medical and protective equipment, such as single-use gloves, masks and aprons. Much of this equipment must be discarded after use to limit the spread of the virus. Petrochemicals Polyamide CarbonFiber PET
But demand for plastic packaging has also spiked in the retail sector, as customers wary of catching the virus shun loose products. Elsewhere, people are using antibacterial wipes and bottles of hand sanitiser at a rapid rate, with some worrying that discarded “COVID waste” could soon outnumber jellyfish in the Mediterranean Sea.
Major environmental issues, including plastics pollution and recycling, will take center stage at this year’s technology trade show Ecomondo.
Scheduled for 3-6 November in Rimini, Italy, the event will be hosting the international launch of the Bluemed Pilot Initiative for a healthy and plastic-free Mediterranean sea and coastline. The project has been initiated by PlasticsEurope and a handfull of Mediterranean associations involved in plastics recycling: BAP Bulgaria, HGK Croatia, APKA Albania, KFBIH Bosnia Herzegovina, AHPI Greece, ASPAPLAST Romania, PAGEV Turkey, COREPLA Italy, PlasticsEurope France, PlasticsEurope Iberica Spain). The initiative is supported by the European Commission. Petrochemicals Polyamide CarbonFiber PET
Just in time for Plastic Free July, earlier this month the US Department of Energy earmarked $11.6 million for a new high-impact R&D effort called the Center for Plastics Innovation. The taxpayer dollars will support new transformative plastic recycling technology, which would be a giant step up from good old fashioned shredding and melting. Group hug for taxpayers! If all goes according to plan, CPI’s work will lead to a high value, high efficiency plastic recycling stream that will undercut the use of virgin oil and gas in the chemical industry. Petrochemicals Polyamide CarbonFiber PET
A Transformative Era For Plastic Recycling
There are some signs that legacy oil and gas giants are planning ahead for a transformative plastic recycling scenario. For example, last year Royal Dutch Shell announced a pyrolysis-based method that produces chemical building blocks for new products from old plastic.
FOOD packaging comprises the largest sector in the US$900 billion-a-year global packaging industry. Plastics — rigid or flexible — are used not only in food service packaging, but also for groceries and household supplies.
Notably, Scientex Bhd, SCGM Bhd, Thong Guan Industries Bhd and Tomypak Holdings Bhd are among Bursa Malaysia-listed plastics companies with direct or indirect exposure to the food and beverage (F&B) and fast-moving consumer goods (FMCG) sectors.
As the Covid-19 pandemic reshapes certain megatrends in the packaging industry, these companies have been urged to readjust their focus and market approach. Petrochemicals Polyamide CarbonFiber PET
Novel algorithm developed to prevent failure of engineered genetic systems
A team of Penn State and University of Washington researchers recently developed a new algorithm to help prevent the failure of engineered genetic systems, or organisms engineered to have new capabilities. Petrochemicals Polyamide CarbonFiber PET
“Engineered genetic systems are the source of biotechnology’s revolution,” said Howard Salis, Penn State associate professor of biological engineering and chemical engineering and corresponding author of the study. “Engineered organisms produce a cornucopia of biorenewable products, including biodegradable plastic bottles, therapeutic proteins and nutritional supplements. Probiotic bacteria have been engineered to live in your gut and cure metabolic disease. The Impossible Burger was made possible by engineering organisms to produce heme.”
As part of their €750bn coronavirus pandemic recovery package, EU leaders agreed on a new EU tax on plastic packaging wastes-EU agrees tax on plastic packaging waste.
The tax, to be introduced as of 1 January 2021, will be calculated on the weight of nonrecycled plastic packaging waste “with a call rate of €0.80/kilogramme with a mechanism to avoid excessively regressive impact on national contributions.”
Proceeds from the tax will go to the EU. Petrochemicals Polyamide CarbonFiber PET
German environmental group Deutsche Umwelthilfe (DUH) welcomed the tax, saying it was long overdue.
However, DUH said that the tax rate was “too timid”.
“We need a price that really causes a change in direction,” said DUH director general Jurgen Resch.
Celanese Corp. (Dallas, Tex.) announced it has reached a definitive agreement to sell its 45% equity investment in the Polyplastics joint venture (JV) to Daicel Corporation for $1.575 billion. Following the completion of the transaction, Daicel will own 100% of Polyplastics. Petrochemicals Polyamide CarbonFiber PET
“Celanese has been investing in and rapidly growing our base business in Engineered Materials globally over the last 10 years,” said Lori Ryerkerk, Celanese Chairman and Chief Executive Officer. “Among the advantages that set Celanese apart from our peers is our ability to leverage our unique business models and flexible strategy to deliver sustainable growth, especially in key markets served by our Engineered Materials business. We plan to use this opportunity to monetize a historically passive investment and allocate significant capital to higher growth businesses within Celanese.
Petrochemicals Polyamide CarbonFiber PET