Petrochemicals Graphene CarbonFiber rPET 28-07-2020

Petrochemicals Graphene CarbonFiber rPET

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-Biodegradable vs. Recyclable Plastics: Which Is Better for the Environment?

In recent years plastic production has accelerated, with global plastic set production to reach 600 million tonnes by 2030 if production continues at its current rate of growth.

Most of this plastic is not biodegradable, with 30-50 percent of it being produced for single-use applications.

This creates a serious environmental problem when the plastics reach the end of their life cycle and plastic waste has become an increasingly pressing issue in recent years.

New, biodegradable plastics and better recycling strategies are two promising approaches to help the world cut down on plastic waste.

Petrochemicals Graphene CarbonFiber rPET

-RadiciGroup closes the year 2019 with positive results: Sales EUR 1,092 million and EBITDA EUR 165 million

First quarter 2020 results hold up, but the rest of the year will feel the consequences of pandemic-induced uncertainty and difficulties. Nevertheless, the Group remains cautiously optimistic about long-term prospects, while boosting innovation, sustainability and care for the environment and communities.  Petrochemicals Graphene CarbonFiber rPET

RadiciGroup – an Italian multinational with 3,100 employees in 16 countries, engaged in the chemicals, engineering polymers, fibres and nonwovens businesses – closed financial year 2019 with consolidated sales revenue of EUR 1,092 million and EBITDA of EUR 165 million.

The results obtained were in line with the budgeted figures and were attained through the strategy of focusing on those Group businesses that were strategic, synergistic and of interest in the medium term. The goal of the Group’s approach was to improve its competitive position and achieve an overall balance among the geographical areas where it operates in order to reduce dependency on single markets and increase cash flow to finance new initiatives in its strategic businesses.

RadiciGroup closes the year 2019 with positive results: Sales EUR 1,092 million and EBITDA EUR 165 million

Paolo, Angelo and Maurizio Radici: shareholders – RadiciGroup

-SIBUR diversifies routes for polymer product supplies to China

SIBUR has diversified its export supplies of polypropylene (PP) and polyethylene (PE) to China by leveraging Russia’s rail transportation infrastructure, as per the company’s press release. Petrochemicals Graphene CarbonFiber rPET

Until 2020, the company mainly relied on sea transportation to ship its products to the region. Today, thanks to China’s One Belt, One Road initiative, products from its Tobolsk and Tomsk sites are also supplied to Chongqing and Chengdu by rail.

Shipments by rail enable SIBUR to deliver products to customers in just 10 days compared to 30 days required for shipments by sea, while also helping to mitigate the risks of negative macro developments and expand our customer base in the central and western regions of China.

Petrochemicals Graphene CarbonFiber rPET

-ALBIS separates compounding business

German thermoplastics distributor ALBIS has split off its compounding operations as a separate business, named MOCOM, said Sustainableplastics.

Ian Mills, former chief sales officer at ALBIS, is heading the compounding business, which has 700 employees and locations in Germany, the US, and China.

Horst Klink, former ALBIS vice president, heads the distribution business, which will continue to operate as ALBIS, with a staff of 450 people and 24 locations worldwide.

ALBIS and MOCOM are part of Hamburg-based Otto-Krahn Group, which also includes specialty chemicals distributor KRAHN Chemie and plastics recycler WIPAG.

Petrochemicals Graphene CarbonFiber rPET

Petrochemicals Graphene CarbonFiber rPET

-Nova Chemicals and Enerken to collaborate on waste-to-ethylene technology

NOVA Chemicals Corp. (Calgary, Alberta, Canada) and Enerkem Inc. (Montreal, Quebec, Canada) have recently entered into a joint development agreement to explore turning non-recyclable and non-compostable municipal waste into ethylene, a basic building block of plastics, reported Chemical Engineering.

Working together, the companies will research advanced recycling technology to transform hard-to-recycle municipal waste, including items such as plastics, household waste, and construction materials, into ethylene at full commercial scale. Ethylene, produced from waste, would advance a plastics circular economy and help meet consumer brand goals for recycled content in packaging.  Petrochemicals Graphene CarbonFiber rPET

Advanced recycling technologies are a necessary component of moving to zero plastic waste by creating valuable new feedstocks from post-use plastics that cannot be easily mechanically recycled.

Petrochemicals Graphene CarbonFiber rPET

-Automotive tire demand to fall 15%-20% in 2020: Michelin

French tire manufacturer Michelin announced its half-year results July 27, and said it expects automotive and light truck tire demand to decline 15%-20% in 2020 as coronavirus looks set to continue to weigh on the global economy.

The company said in its earnings release that tire demand was “vulnerable to a high risk of a major recession” with the original equipment business set to experience bigger declines than replacement. Petrochemicals Graphene CarbonFiber rPET

However, Michelin said some bright signs were seen despite fragility “led by China’s recovery and the effect of government incentives.”

Q2 saw car and light truck original equipment decline 62% in Europe and 70% in North America, compared with 30% and 33%, respectively, for the replacement sector. April was highlighted as the worst month for demand with original equipment sales falling 94% in Europe and 99% in North America amid the widespread closure of carmaker plants.

Petrochemicals Graphene CarbonFiber rPET

-Recycle Polyester: Way to Safe Environment and Energy

Over the last few years, the demand of synthetic fibre is growing up and the manufacturing ratio of natural to synthetic fibers has come to 35% to 65%. Among them polyester is the most useful and demanding synthetic fibre.

This growth can be attributed to a number of causes- relatively low prices, easy manageability, technologically competent products and processes, rising demand of technical textiles. Petrochemicals Graphene CarbonFiber rPET

This advantage is valid no more due to the increasing costs of energy, transportation and raw materials which are used in the production process of polyester. Moreover manufacturing process of polyester causes serious environment related problem.

Another important challenge before the polyester sector is that of awareness about the environmental degradation and growing demand for eco friendly products.

Already there is a demand from consumers for eco-labels that provide information on how many grams of carbon dioxide or equivalent greenhouse gas emissions arose in production, transport and storage of a given product.

And at this kind of situation Recycle Polyester has come in the scene to minimize these problems and full fill the customer demands.

Recycle Polyester: Way to Safe Environment and Energy

-Covestro to focus on future mobility at the VDI Congress “Plastics in Automotive Engineering”

For Covestro, the VDI congress “Plastics in Automotive Engineering”, which will be offered this year on 28 and 29 July as a digital event, is all about future mobility: trends such as autonomous driving, electric cars and car sharing will completely redefine the use of a passenger car.

The company says modern plastics and technologies will play an important role in its design in the car of the future. Petrochemicals Graphene CarbonFiber rPET

The car interior will develop into a multifunctional living and working space. “This will result in completely new user expectations of the materials used,” explains Jochen Hardt, who heads Global Marketing Mobility at Covestro, in a plenary lecture on the first day of the congress.

Covestro to focus on future mobility at the VDI Congress "Plastics in Automotive Engineering"

-Plastic tax will ‘destroy single market’, claims EuPC

The upcoming plastic tax is a “danger for the EU single market”, claims the managing director of European Plastics Converters (EuPC) Alexandre Dangis.

The European Council (EC) has agreed to the implementation of the tax on 1 January, 2021, which will see a €0.80/kg ($0.93) levy on non-recycled plastics packaging waste to be paid by member states into the EU budget.

While the tax has been presented by the EC as ‘contribution to the EU budget designed to incentivise member states to increase recycling from plastics waste’, Dangis warned that it will likely have the opposite effect. Petrochemicals Graphene CarbonFiber rPET

Plastic tax will ‘destroy single market’, claims EuPC

-COCA COLA EUROPEAN PARTNERS INVESTS IN RECYCLING TECHNOLOGY TO CLOSE LOOP ON PLASTIC PACKAGING

Coca-Cola European Partners (CCEP), the world’s largest independent Coca-Cola bottler, has taken an important step on its journey towards 100% recycled PET (rPET) for its plastic bottles by funding CuRe Technology – a recycling start-up which seeks to provide a new lease of life for difficult to recycle plastic polyester waste.

The funding from CCEP, through its innovation investment fund CCEP Ventures, will enable CuRe to accelerate its ‘polyester rejuvenation’ technology from pilot plant to commercial readiness. Once the technology is commercialised, CCEP will receive the majority of the output from a CuRe-licensed, new-build plant. Petrochemicals Graphene CarbonFiber rPET

COCA COLA EUROPEAN PARTNERS INVESTS IN RECYCLING TECHNOLOGY TO CLOSE LOOP ON PLASTIC PACKAGING

Petrochemicals Graphene CarbonFiber rPET

Petrochemicals Graphene CarbonFiber PET 27-07-2020