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Crude Oil Prices Trend
Spandex market is during traditional peak season now. In addition, stimulated by the expectation of cold winter, sound domestic orders for the online shopping spree on Nov 11, the order transfer from Southeast Asian nations such as India and some foreign orders for the Christmas Day, fabric mills saw good orders. Hot sales of elastic fibers drove run rate of spandex downstream mills to historic high. Price of spandex surged, up by around 10,000yuan/mt or above 32% within 3 months. How will spandex market fare in later period?
In view of demand, demand for spandex has marginally weakened in mid-Nov after earlier orders gradually completed. Production of thermal fabrics such as thick fabrics and fabrics for dralon and sweater gradually came to an end. Some plants saw sampling orders for the light fabrics for clothes in spring and summer. Exporters, fabric plants and textile and apparel companies had price game. However, later market still deserves anticipation as the pandemic is relatively better controlled in China. Sequent orders should be concerned.
By digitising materials Circularise was able to create a digital thread through the whole supply chain, enabling material traceability and other sustainability metrics.
Getting information from supply chains has always been a challenge due their complexity and number of suppliers, amongst other issues. Blockchain is therefore a fitting solution to transparency challenges. Petrochemical SustainableSources Biopolymer
Antoon Versteeg, Project Lead Innovation Research at Porsche, said: “We need to know more details on the parts and materials being used in our products, that means information on production processes deep down the supply chain,statements of recycled content and more.
Altium Packaging announced that it has acquired the assets of SFB Plastics, Inc., in Wichita, Kansas, a privately-held material handling and packaging manufacturer, specializing in HDPE blow molding of industrial containers. SFB Plastics has served its customers with quality products for nearly 50 years. Petrochemical SustainableSources Biopolymer
Patrick Keese, Senior Vice President and General Manager of Altium’s Consumer-Industrial Group, stated, “We are excited to welcome the employees of SFB Plastics into the Altium family. The company has established an outstanding reputation for high-quality packaging solutions with exceptional customer service. We look forward to continuing to build upon the foundation of excellence that they have created.”
In foreign market, the units in the table are currently undergoing maintenance or planned maintenance. The main cause to push up China’s ACN prices is the shutdown of South Korean Tongsuh Petrochemical. China Petrochemical Development Corporation’s ACN unit will restart in mid or late Nov, then the supply may increase slightly in short. But looking from the table, the most critical unit, Tunghsu has no confirmed restart date, and Taekwang Industrial is about to implement the maintenance plan in Dec, plus Petkim’s long-time shutdown, if the three units have not restarted in Dec, the loss is estimated to be about 48,000 tons. Petrochemical SustainableSources Biopolymer
From a domestic point of view, as Sailboat’s MTO unit will be shut down for maintenance in Dec, its supply to downstream propylene will be affected. Nevertheless, viewed from the current price level of 6,850yuan/mt of propylene, the ACN profits are still seen. Shanghai Secco’s 260kta ACN unit will shut down for one month of maintenance from Nov 18.
US’s PureCycle Technologies, a polypropylene (PP) recycling company with technology from Procter & Gamble Company, has been bought by Roth CH Acquisition, a special purpose acquisition company (SPAC) backed by investment firms Roth Capital Partners and Craig-Hallum Capital Group. The merger deal values PureCycle’s post-transaction equity at about US$1.2 billion. Petrochemical SustainableSources Biopolymer
The deal is expected to close in the first quarter of 2021. Under the deal, a new holding company named PureCycle Technologies Inc. will be created and listed on the Nasdaq exchange under the symbol ‘PCT.’
PureCycle has a proprietary method to recycle waste polypropylene to virgin-like resin. The company said it has the only patented, solvent-based purification recycling technology for this process.
OQ Chemicals (Monheim am Rhein, Germany) says it is raising its prices globally for neopentyl glycol due to strong demand and increasing raw material costs, effective 1 December 2020 or as contracts otherwise allow, according to Chemweek.
The price of the oxo intermediate product in North America and Mexico is being increased by 8 cents per pound, while in South America it will rise by USD180/metric ton.
In Europe the product price is being hiked to EUR150/metric ton (USD178), while in all other regions of the world the price will increase to USD180/metric ton, it says.
OQ Chemicals (formerly Oxea) last raised the price of neopentyl glycol, along with several other oxo intermediate products, in September when it increased prices in the Americas.
Petrochemical SustainableSources Biopolymer
First announced in August 2020, the deal sees medical parts maker GW Plastics’ seven global manufacturing facilities joining Nolato’s 25-plus facilities around the world.
Swedish polymer product and component maker Nolato Group has completed its acquisition of U.S. medical technology company GW Plastics.
First announced in August 2020, the deal sees GW Plastics’ seven global manufacturing facilities joining Nolato’s 25-plus facilities around the world. Bethel, Vermont-based GW Plastics has also subsequently rebranded to Nolato GW Inc.
Just over four-fifths of GW Plastics’ business will be reported under the Medical Solutions business area, with the remainder reported under Industrial Solutions. The transaction is expected to have a marginal positive effect on Nolato’s earnings per share for the current year. Petrochemical SustainableSources Biopolymer
Public trust in nanomaterials could increase if labelling was more detailed on products including food, drugs, and cosmetics, the European Chemicals Agency (ECHA) said on Monday.
The Helsinki-based EU chemicals regulator concluded that nearly 90% of citizens in the 27-country bloc demand clearer labelling that details whether a product contained nanomaterials. Petrochemical SustainableSources Biopolymer
The study – conducted by ECHA’s EU Observatory for Nanomaterials (EUON) – measured and analysed perceptions of the risks nanomaterials pose to human health and the environment in EU countries Austria, Bulgaria, Finland, France, and Poland.
The new recycling facility holds the capacity to produce 14,000 tonnes of food-grade quality recycled raw material known as rPET
Abu Dhabi-based Alliances for Global Sustainability (AGS) has collaborated with resource management company Veolia to develop a plastic recycling plant in the UAE.
The new food-grade polyethylene terephthalate (PET) recycling facility being built in Abu Dhabi is claimed to be the most advanced facility of its kind in the Gulf Cooperation Council (GCC) region. Petrochemical SustainableSources Biopolymer
Veolia Middle East to construct the new PET recycling facility
Veolia Middle East, the local subsidiary of Veolia, will construct the new recycling facility that can produce 14,000 tonnes of food-grade quality recycled raw material called rPET.
One of the first VACUNITE® bottle-to-bottle systems recently started operation in Werne/Germany. Using this system, the RCS Group, who already produce PET flakes for the non-food sector, is expanding their plastics recycling division to include the production of food-grade PET recyclate for food and beverage packaging, films and blisters.
For the further processing of PET flakes, the waste disposal and recycling group has built a new location on a 10,000 square metre site, creating 20 additional jobs. Here, the EREMA VACUNITE® recycling system will process up to 15,000 tonnes per year of PET flakes from the German deposit bottle collection system and other European sources to make high-quality recyclate, vacuum-assisted and in a nitrogen atmosphere. Due to the strict travel restrictions during the Corona pandemic lockdown in spring, commissioning the plant became an unexpected challenge for everybody involved. The plant components had already been delivered, but since the installation team was not permitted to travel to Germany, RCS started to assemble the recycling plant themselves. An EREMA team was then able to be on site for commissioning. Petrochemical SustainableSources Biopolymer
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