Petrochemicals Graphene CarbonFiber LLDPE
Crude Oil Prices Trend
Sustainability plays a central role in expanding electromobility. The BMW Group has therefore set itself the goal of creating a closed and sustainable material cycle for battery cells. With a new pilot plant that will produce lithium-ion battery cells, the company is taking the next logical step in penetrating all aspects of the battery cell value chain: from selection of materials, to battery cell composition and design, all the way to near-standard production and recycling.
Milan Nedeljković, member of the Board of Management of BMW AG, responsible for Production: “The new pilot plant will strengthen our expertise in production of battery cells. We will be capable of testing new systems technology and innovative production processes. Our goal is to optimise near-standard production of battery cells from the perspective of quality, performance and costs.
Although 2030 is years away, a new bottle has been developed by Alpla and KHS Group that already meets the 30% recycled content requirement for one-way PET bottles that will kick in that year. Petrochemicals Graphene CarbonFiber LLDPE
The new 1.0-liter returnable PET bottle from KHS and Alpla is made of up to 35 percent recyclate and is moreover completely recyclable. Its resource-saving design is the next step in KHS’s ongoing efforts to develop sustainable, future-proof plant engineering.
KHS Group manufactures packaging and filling systems for the beverage and liquid food sectors and is considered a technological leader in returnable container systems.
Watch ICIS senior editor manager Veena Pathare discuss the latest developments in the Middle Eastern polyethylene (PE) market. Petrochemicals Graphene CarbonFiber LLDPE
Demand improves as lockdowns are fully lifted
Uptake from industrial and non-essential sectors lend support
Stagnant demand and prices in Asia to impact near-term outlook
Italy’s Eni has further deepened capital expenditure (capex) and cost cuts after a heavy second-quarter loss caused by impairments resulting from lower oil price assumptions. And it switched to an oil price-linked dividend policy, cutting shareholder returns for this year. Petrochemicals Graphene CarbonFiber LLDPE
Including inventory effects, the company made a loss of €4.41bn ($5.18bn) in the April-June quarter, compared with a profit of €424mn a year earlier. It took a post-tax impairment, mainly relating to oil and gas assets and refinery plants, of €3.5bn, and a post-tax loss on stock of €1bn in the second quarter.
The company has lowered its benchmark Brent crude price assumptions to $40/bl this year, $48/bl in 2021, $55/bl in 2022 and $60/bl in 2023. Its previous assumptions were $45/bl in 2020, increasing to $70/bl in 2023.
Company also announces closure of compounding operations at Kaiserslautern and Wehr, Germany, and Ferrara Marconi, Italy, sites.
Celanese Corporation is establishing a European Compounding Center of Excellence at the Company’s Forli, Italy facility, which includes the intended consolidation of its compounding operations in Kaiserslautern, Germany; Wehr, Germany; and Ferrara Marconi, Italy. Celanese acquired the Forli site when it purchased Forli, Italy-based SO.F.TER. Group, one of the world’s largest independent thermoplastic compounders in 2016. Petrochemicals Graphene CarbonFiber LLDPE
Polyethylene (PE) demand struggled to keep pace with rising prices last week and diminishing polypropylene supplies challenged some sourcing efforts, reports the PlasticsExchange in its Market Update. Petrochemicals Graphene CarbonFiber LLDPE
The spot resin markets remained fairly active, but completed volumes disappointed, as polyethylene (PE) demand struggles to keep pace with rising prices and diminishing polypropylene (PP) supplies challenge some sourcing efforts.
HMRC has encouraged business representative organisations and trade associations to share information about the plastics packaging tax consultation, which closes on 20 August.
Chancellor Rishi Sunak at the March budget announcement, where he announced the tax
In a communication published this week (27 July), the government body said the tax will “impact a wide range of industries” and encouraged groups to share information to ensure everyone can “fully engage”. Petrochemicals Graphene CarbonFiber LLDPE
In the March budget, Chancellor Rishi Sunak announced that the tax on plastic packaging containing less than 30% recycled content will come into force in April 2022, and will be set at £200 a tonne (see letsrecycle.com story).
Top oil exporter Saudi Arabia may cut its September official selling price (OSP) for crude sold in Asia, tracking falling Middle East benchmarks and weak refining margins, according to industry sources. Petrochemicals Graphene CarbonFiber LLDPE
Five sources from Asian refineries on average expect the September OSP for flagship Arab Light crude to fall by 61 cents a barrel, though forecasts range from a cut of $1 to 20-30 cents, a Reuters survey showed.
Slow demand recovery amid the second wave of COVID-19 infections has depressed spot prices for Middle Eastern crude this month, while Asia’s refining margins remained weak, they said
In order to reduce costs in response to the automotive industry crisis, vehicle lights manufacturer Odelo (Bursa / Turkey; www.odelo.net) intends to greatly reduce its German business. As part of this, its plant in Geislingen is to be closed by the end of 2021, affecting 133 jobs. Talks with the works council are already underway, a spokesperson told Plasteurope.com. Petrochemicals Graphene CarbonFiber LLDPE
Cost-cutting measures are also planned at its German headquarters in Stuttgart. For instance, production-related services are to be transferred to the Odelo plants in Eastern Europe. In return,
The substrate supplier’s Clear BOPP film portfolio is the first to APR pass testing under the Critical Guidance Protocol for HDPE recycling.
Avery Dennison Label and Packaging Materials has announced that its Clear Biaxially Oriented Polypropylene (BOPP) film portfolio has been certified to comply with the Association of Plastic Recyclers (APR) Critical Guidance Protocol for HDPE recycling. The Avery Dennison BOPP portfolio is the first to pass testing, and the company is committed to expanding the portfolio of film materials with pressure sensitive emulsion acrylic adhesives that meet the APR HDPE Critical Guidance moving forward.
The announcement gives brands in the personal care and beauty space, as well as other segments that use Avery Dennison clear BOPP films on high-density polyethylene (HDPE) plastics, validation that the labels will separate cleanly from the substrate using standard recycling processes. Petrochemicals Graphene CarbonFiber LLDPE
Petrochemicals Graphene CarbonFiber LLDPE