Petrochemical SustainableSources Film
Crude Oil Prices Trend
The Circular Plastics Alliance (CPA), which gathers 245 public and private actors covering the whole plastics value chains, has delivered its first actions.
Those delivered actions pursue the Alliance’s objective: to reach the target of 10 million tonnes of recycled plastics used in products by 2025. They include a work plan on design-for-recycling of plastic products, which lists 19 plastic products that the Alliance will make more recyclable; a report on collected and sorted plastic waste in the EU, presenting the current state of play; and an R&D agenda for circular plastics.
As a next step, in January 2021, the CPA will deliver three more actions, including a monitoring system to track the plastics materials flows in Europe; a report on the untapped potential for more collection, sorting and recycling of plastic waste and the necessary improvements to reach the 10 million tonnes target; and a mapping of the related investment needs.
Repsol has selected Axens Vegan® technology for its first production plant for advanced biofuels in Spain at its Cartagena refinery. This new plant will be capable of producing 250,000 tpy of biodiesel, biojet, bionaphtha, and biopropane. Repsol’s project outlines Axens’ expertise in hydrotreated vegetable oils (HVO) and its commitment to power sustainability in transport. Petrochemical SustainableSources Film
Vegan® technology is able to hydrotreat a wide range of lipids and to produce low-density and high cetane renewable diesel as well as renewable sulfur-free jet fuel. This renewable fuels technology allows producers to effectively address today’s environmental regulations and secure energy diversification with drop-in premium quality products.
The scope of Axens’ work includes the supply of process books, catalysts & adsorbents, proprietary equipment, trainings and technical services.
- First plant of Evonik’s new polyamide 12 complex completed
- Construction work on the new plant complex is progressing well.
- Further plants will be completed in early 2021.
Evonik is investing more than €400 million and consolidating its position as a market leader in polyamide 12.Essen/Marl. Construction work on the largest investment to date by the specialty chemicals company Evonik in Germany, at more than €400 million, is progressing well. The first plant was completed on schedule in mid-October and is currently being commissioned. Further plants will follow by the first quarter of 2021, with full completion expected in the first half of 2021. Petrochemical SustainableSources Film
Marcus von Twistern, who is in charge of the entire project, states: “The project team has done an excellent job over the past months under the conditions of the SARS-CoV-2 pandemic. ” Challenges such as interrupted supply chains or entry restrictions for assembly personnel had to be overcome. Von Twistern emphasizes: “We have always found solutions, so we do not currently expect any major delays for the complete completion of the polyamide 12 plant complex”. Work on the concrete and steel structures has been completed, most of the units have already been delivered and installed, and the piping and electrical installations are in full swing. The future operating team has also already started training the new work processes.
The Association of Plastics Recyclers (APR) wants to ensure the health and economic success of the plastics recycling industry by providing critical guidance. The challenges of flexible packaging are pushing new innovations. Petrochemical SustainableSources Film
Sandi Childs, Director of Film and Flexible Programs at APR, spoke at today’s Innovation Stage presentation and said, “The entire supply chain has to work together to increase the supply of plastics available to be recycled, enhance the quality of the material that’s expected to go back into the marketplace, and ensure that there’s adequate demand for products made from recycled plastics.”
Childs also said that “a package doesn’t have to be ugly or brown in order to be ‘green.’ It can still be sexy and functional and lots of fun.” To that end the APR has created the APR Design Guide for Plastics Recyclability.
Economic sentiment in Germany fell sharply in November, with growth expectations weakening for the country and the eurozone as growing coronavirus infection numbers across Europe slowed growth and forced more countries back into lockdown.
German financial market sentiment cooled by a total of 38.4 points to 39 points between September and November in Zew’s monthly survey of financial market sentiment.
The outlook for the eurozone weakened to 32.8 points over the same period.
Financial markets are increasingly concerned about the slowdown in Germany’s economic recovery, compounded by the lockdown measures adopted domestically and across a growing swathe of EU countries. Petrochemical SustainableSources Film
Citi revised down on Monday its outlook for the WTI Crude price for next year by $5 to $49 a barrel, citing the global spike in coronavirus cases that is set to impact oil demand.
Citi Research also cut its estimate for Brent Crude by $5 a barrel to $54 per barrel, Reuters quoted the bank as saying in a note on Monday.
Two months ago, Citi was expecting oil prices to recover to $60 a barrel by the end of next year as the oversupply will have been drawn down by then, as major investment banks and analysts were fairly bullish on oil. Petrochemical SustainableSources Film
However, the surge in COVID-19 infections in recent weeks and the renewed lockdowns and curfews in major European economies—including France, the UK, Italy, and Germany—are pressuring oil prices downwards as the rebalancing of the oil market is once again slipping to a later than initially expected time.
Two Sustainable Packaging Summit sessions are taking place this week, where leading names from across the value chain will be taking a deep dive into key questions surrounding plastic waste and the circular economy.
The new joint venture will focus on renewable energy projects
The global energy company Eni and the Norwegian energy entrepreneur and investor HitecVision have announced today the establishment of a new joint venture company, Vårgrønn, with the aim of developing new green energy projects in Norway and the Nordic market. Petrochemical SustainableSources Film
The Vårgrønn JV, which marks the start of a broader strategic cooperation between Eni and Hitecvision, is built on the long-term partnership that has already developed Vår Energi, a leader in the exploration and production of hydrocarbons in Norway.
Vårgrønn intends to play a major role in the development, construction, operation and financing of renewable energy projects in the country. As a first step, the company will pursue opportunities in the offshore wind sector by participating in the upcoming Norwegian tender processes for offshore licences, also supporting Vår Energi’s ambition to reduce climate emissions through the electrification of its upstream assets.
Avient Corporation, a premier provider of specialised and sustainable material solutions and services, today introduced its newest sustainable material family: Artisan thermoplastics.
Targeted at products for the consumer market, Artisan nylon (PA6) is the first material in a series of high-gloss, scratch-resistant, pre-coloured thermoplastics formulated to replace paint. Petrochemical SustainableSources Film
Parts moulded from Artisan pre-coloured thermoplastics offer excellent scratch resistance compared to painted plastic and minimise the appearance of scratches. Replacing painted metal parts with Artisan materials also improves corrosion resistance. These thermoplastics bring two added benefits: because there is no painting process required, energy use is reduced and VOCs are eliminated. Outdoor consumer applications where superior aesthetics, UV resistance, and high performance are critical, such as powersports, lawn and garden, and marine body panels and housings, are suitable candidates for customised Artisan formulations.
Momentive Performance Materials Inc. has announced it will invest $13m (~€11m) for the expansion of its existing plant in Termoli, Italy, to create a state-of-the-art manufacturing hub for its Niax polyurethane additives.
The site, which currently produces high performance additives for rigid foam applications among other silicone-based products, will undergo a comprehensive technology upgrade to expand services to the EU slabstock foam industry.
The facility will supply customers in Europe, Russia and Turkey with full production ramp-up expected by the middle of 2022. Petrochemical SustainableSources Film
On 10 November 2020, the European Parliament and EU Member States in the Council reached an agreement on the next long-term budget and NextGenerationEU, the temporary recovery instrument.Petrochemical SustainableSources Film
Once adopted, the package of a total of €1.8 trillion will be the largest package ever financed through the EU budget. It will help rebuild a post-COVID-19 Europe, which will be greener, more digital, more resilient and better fit for the current and forthcoming challenges.
Main elements of the compromise include:
More than 50% of the amount will support modernisation through policies that include research and innovation, via Horizon Europe; fair climate and digital transitions, via the Just Transition Fund and the Digital Europe Programme; preparedness, recovery and resilience, via the Recovery and Resilience Facility, rescEU and a new health programme, EU4Health.
Petrochemical SustainableSources Film