Petrochemicals Graphene CarbonFiber HDPE
Crude Oil Prices Trend
Funds advised by SK Capital Partners, LP, a private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors, announced it has signed a definitive agreement to acquire the specialty polymers business from Baker Hughes (Houston).
The specialty polymers business, with manufacturing operations in Barnsdall, Oklahoma, produces specialty low molecular weight olefin polymers, including a range of differentiated functional polymers and premium, high melting point polyethylene waxes. Over its 85-year history, the business has been dedicated to innovation and has developed a strong reputation as a premium specialty supplier and solutions provider to its diverse customer base.
Versalis, Eni’s chemical company, has acquired 40% of Finproject, the Italian leader in the compounding sector (a blending process of polymers and additives to create the required properties of produced plastics) and the production of ultralight products, from the VEI Capital fund with the aim of creating value by integrating the respective production chains.
This strategic operation, the first step in a partnership that may be further developed, will create a new industrial platform that leverages the synergy between the expertise of Italian polymer manufacturer Versalis and the technological and creative drive of the Finproject Group. The aim is to jointly develop innovative solutions for major brands in the fashion, design and footwear sectors, as well as for industrial applications such as cables, pipes, renewable energy, construction and automotive sectors, with significant international growth prospects. Petrochemicals Graphene CarbonFiber HDPE
Outright values in the European open-specification naphtha spot market have been held back by increased inflows from the US which have compounded overwhelming inventory levels, slowing demand from petrochemical units and a stagnating upstream crude futures market. Petrochemicals Graphene CarbonFiber HDPE
At the same time, naphtha is generating limited interest among gasoline blenders because the gasoline market is facing headwinds from overwhelming inventories and slow sales amid concerns over a potential second wave of the coronavirus.
In the meantime, upstream crude futures have been static around the $43.50/bbl level with ongoing trade tensions and reduced OPEC run cuts limiting any significant upswing.
The Non Woven Federation of India (NWFI) on Tuesday urged the government to remove the restrictions on exports of spunbond non-woven fabrics and various types of masks, asserting that the curbs are hurting the domestic industry.
NWFI also sought removal of restrictions on exports of 3-ply surgical and N95 masks.
In view of the COVID-19 pandemic, the Directorate General of Foreign Trade (DGFT) in March had prohibited exports of textile raw materials for masks and coveralls, and surgical or disposable masks in March. Petrochemicals Graphene CarbonFiber HDPE
However, on July 13, the DGFT allowed exports of non-woven fabric other than 25-70 GSM (grams per square metre), while continuing to prohibit exports of fabric of 25-70 GSM, the federation said.
Following the successful commissioning of two new Monforts Montex wide-width stenter lines and additional environmental management equipment at its plant in Germany, GtA – Society for Textile Equipment GmbH – is aiming to be the first textile finishing company to become entirely CO2-neutral in the manufacture of all of its products by 2025.
GtA is a partner company to Germany’s large-format digital printing fabric leader, Georg and Otto Friedrich GmbH, which has this year been able to considerably expand its portfolio due to the new Monforts lines. Petrochemicals Graphene CarbonFiber HDPE
Headquartered in Gross-Zimmern, close to Frankfurt, Georg and Otto Friedrich GmbH and its partners in Germany have an annual production of 37 million square metres of warp knits for a range of end-use applications, including garments, automotive interiors and technical textiles, but increasingly with a concentration on digital printing substrates.
US benzene demand looks to strengthen slightly into the second half of 2020 on rising derivative demand, although pricing is expected to generally follow energy values.
BENZENE MOVES WITH CRUDE
US benzene values continue to rise with crude values as markets rebound from Q2 lows. Benzene current month spot prices closed at $1.465/gal the week of 24 July, above $1.355/gal a month ago. Petrochemicals Graphene CarbonFiber HDPE
Most market participants have pointed toward rising crude oil values as the main mover for US spot benzene prices in recent weeks. One market source stated the benzene market has been “energy driven”, with current market conditions de-emphasising other cost drivers.
The partnership’s long-term objective aims to enhance economic development in the Kingdom Petrochemicals Graphene CarbonFiber HDPE
The first sustainability project under the partnership will be to implement a more environmentally friendly Hajj
Riyadh, KSA: PepsiCo and the Saudi Waste Management Center (SWMC) have signed a MOU to launch a strategic partnership that will enhance sustainability in the Kingdom. The MOU highlights the two parties’ role in promoting sustainability policies based on international best practices to support a circular economy. The agreement was signed by Dr. Abdullah F. Al Sebaei, CEO and Board Member of Saudi Waste Management Center, and Tamer Mosalam, Vice President, General Manager GCC and Levant Business Unit, at PepsiCo.
100% plant-based bottle by two South African entrepreneurs is a global breakthrough well beyond plastic-free July
Monday, 27 July 2020 – South Africa continues to prove itself as one of the most forward-thinking, environmentally aware countries in the world. Two local entrepreneurs attest to this with their zero-plastic, sugar cane bottles, which decompose entirely after four weeks.
Nicholas de Beer and Kyle Creese from Fortis X in South Africa now manufacture the continent’s first biodegradable and compostable products made 100% from plants, with zero plastic and no additives. Petrochemicals Graphene CarbonFiber HDPE
Argar, with its AVIRTEX line, offers a range of knitted fabrics characterized by innovative technology combining Petrochemicals Graphene CarbonFiber HDPE
An antiviral and antibacterial action that kills viruses and bacteria present on the fabric ensuring effective protection against their transmission and preventing the contamination
A water repellent treatment that prevents the passage of droplets through the fabric (droplets, among the main causes of transmission of viruses and bacteria)
The combination of these two finishes guarantees safer protection compared to standard fabrics used for the same purpose, Argar says.
“Argar, in collaboration with HeiQ, a leading Swiss company in the formulation of chemical products for textile industry, has developed an antiviral and antibacterial treatment for its articles using the innovative HeiQ Viroblock formula,” Argar explains.
How has Covid-19 impacted investment in sustainable innovation? Victoria Hattersley put this question to Tazia Smith, managing director of Closed Loop Partners, a New York-based investment firm that specializes in circular economy startups.
Over the past few months, as the Covid-19 crisis has played out, we’ve seen various reports on the possible impact this will have on investment in the circular economy. One example, from CB Insights, ‘How Covid-19 Could Impact Startup Funding’, suggested that startup funding is likely to take a hit, with Private market funding in Q1 2020 is on pace to reach $77B, down more than 16% compared to Q4 2019 and down nearly 12% versus Q1 2019. Petrochemicals Graphene CarbonFiber HDPE
Petrochemicals Graphene CarbonFiber HDPE