Chemicals Biotechnology NylonRecycling 09-03-2021

Chemicals Biotechnology NylonRecycling

Crude Oil Prices Trend 

Crude Oil Prices Trend  Polyestertime

-Establishing reliable plastic packaging sustainability claims

Sustainability claims have taken the world by storm, as the consumers look for products with lower environmental impact. Meanwhile companies strive to transition from linear towards a circular economy, prompting the need for reliable certification and labelling of such environmental claims. This is especially true for plastic products, given the efforts to improve their waste management.

In addition to consumer pressure, the European market is faced with regulatory requirements, calling for a structured, consistent, and verifiable approach to eliminate greenwashing.

Transparency, traceability, and trust are the key in building reliable recyclability and recycled content claims. These are also the three principles – known as the 3 T’s of RecyClass – around which the RecyClass certification schemes have been developed.

RecyClass is a comprehensive cross-industry initiative that works to advance plastic packaging recyclability and to establish a harmonized approach towards recycled content calculation in Europe. RecyClass launched certifications for recyclability, and more recently a certification which recognizes transparent and actual use of recycled plastics in finished or semi-finished products.

Establishing reliable plastic packaging sustainability claims

-B.I.G. Yarns launches EqoCycle Yarns designed with circular economy benefits & high performance for the carpet industry

75% recycled content yarn with no performance compromise

A circular, endlessly recyclable solution for contract, automotive and residential carpets

Significant resource efficiency in EqoCycle production compared to virgin-based PA6 yarn: 58% reduction in fossil fuel use; 27% less energy consumption; 37% CO₂ emission reduction  Chemicals Biotechnology NylonRecycling

Wielsbeke, Belgium – March 8, 2021 – B.I.G. Yarns, a division of Beaulieu International Group, announces its latest development, EqoCycle, a fully recyclable PA6 yarn with 75% recycled content, offering the same high-quality performance of virgin PA6 yarn. The new recycled yarn mainly based on post-industrial waste supports contract, automotive and residential carpet manufacturers with a drop-in circular solution to reduce the ecological footprint of their end products.

EqoCycle is made with recycled granulates derived from pre-consumer recycled and regenerated PA6, certified by Control Union for Global Recycled Standard (GRS) Certification. The use of less virgin materials implicates a decrease of fossil fuels by 58% and a 27% decrease in energy consumption. On top, EqoCycle yarns allow a reduction of 37% of CO₂ eq./kg compared to the fossil based yarns.

B.I.G. Yarns launches EqoCycle Yarns designed with circular economy benefits & high performance for the carpet industry

-New EUMEPS Board mirrors the lifecycle of EPS

association of European Manufacturers of Expanded Polystyrene, has reorganised itself to mirror the whole EPS value chain and to ensure that more of the packaging and insulation material is recycled. Chemicals Biotechnology NylonRecycling

This new EUMEPS board includes raw material suppliers and EPS converters as well as recyclers. The reorganisation was carried out to facilitate additional joint projects and ensure increased EPS recycling.

Dr Klaus Ries, the new Chair of the EUMEPS Board and Vice President Business Management Styrenics at EPS raw material supplier BASF, said: “We are proud that the new EUMEPS board reflects the whole value chain of EPS from its manufacturing to its recycling. This makes the EPS industry a front runner in the circular economy as we now encompass the entire value chain.”

New EUMEPS Board mirrors the lifecycle of EPS

-Attacks on Saudi Arabia facilities send Brent crude surging above $70/bbl

Attacks on Saudi Arabian oil facilities on Sunday sent crude surging by more than 2% on Monday, with Brent crude now trading at above $71/bbl.

The first attack on 7 March was made by “a drone, coming from the sea” at one of the petroleum tank farms in Ras Tanura Port in eastern Saudi Arabia, a spokesperson from the Saudi Ministry of Energy said in a statement posted on state-owned Saudi Press Agency (SPA). Chemicals Biotechnology NylonRecycling

Another attack came in the evening on the facilities of Saudi Aramco, the world’s biggest crude exporter.

“Shrapnel from a ballistic missile fell near Saudi Aramco’s residential area in the city of Dhahran, where thousands of the company’s employees and their families from different nationalities live,” the energy ministry spokesperson said.

It was further stated that “both attacks did not result in any injury or loss of life or property”.

Attacks on Saudi Arabia facilities send Brent crude surging above $70/bbl

-Ontario Teachers’ acquires The Carlyle Group’s majority stake in Logoplaste

Logoplaste, a leading global designer and manufacturer of innovative and sustainable rigid plastic packaging solutions for the world’s premier FMCG brands, announced that Ontario Teachers’ Pension Plan Board (Ontario Teachers’) has agreed to acquire The Carlyle Group’s majority stake in the company. Current Logoplaste shareholders Filipe de Botton and Alexandre Relvas will retain their approximately 40% stake in the business as it embarks on its next phase of growth. The financial terms of the transaction, which are subject to customary regulatory approvals, were not disclosed.

Logoplaste’s value-added rigid plastic packaging solutions are used by a wide range of global blue-chip clients.Chemicals Biotechnology NylonRecycling

The company offers unique expertise across all phases of packaging development, from ideation, design and engineering to full industrial implementation. Logoplaste’s business model centers on the development of strong and long-standing partnerships with customers through dedicated facilities, fully integrated within the customer’s premises, eliminating secondary packaging waste, just-in-time operations and significantly reducing transport needs. Sustainability and innovation have been integral to Logoplaste since inception and are key to its continued success.

Ontario Teachers’ acquires The Carlyle Group’s majority stake in Logoplaste

-Are Compostable Plastics Really a Sustainable Solution?

Despite claims made by some companies, very few composting facilities will accept so-called compostable plastics, and the small number that do require adherence to a strict set of guidelines. Chemicals Biotechnology NylonRecycling

For more than a decade now, compostability has been pursued as a way to make plastics in the environment magically disappear. I’ve sat through many a conference presentation on compostability and heard all the reasons why we need compostable plastics as a viable solution to waste in the environment. As good as that all sounds, there is still no way to make plastic simply vanish.

I’ve received press releases from companies that try to sell me on the idea that their material will break down into “soil.” Yes, really! I’ve asked for references of composting facilities that will take compostable plastics. Sometimes the company responds with a list of a few composting facilities that claim to take compostable plastics. When I check with them, however, they invariably tell me they don’t really take any type of plastic.

Chemicals Biotechnology NylonRecycling

-Here’s why Saudi Arabia is no longer worried about shale oil

In recent years, rising oil prices have been met by rising production from US shale companies. Saudi Arabia is gambling that’s no longer the case. John Stepek explains why, and what that means for investors.

The price of a barrel of Brent crude oil spiked above $70 this morning, hitting its highest level in more than a year. Chemicals Biotechnology NylonRecycling

The move came in the wake of an attack on the world’s largest oil facility, Saudi Arabia’s Ras Tanura terminal. The terminal is capable of exporting around 6.5 million barrels of oil a day – that’s about 7% of global oil demand.

The drone attacks apparently didn’t do any significant damage, but oil prices are likely to remain high. And that’s because the high price of oil right now has very little to do with any threat to Saudi infrastructure.

Opec+ no longer fears competition from US shale oil

By the end of last week, before any attacks on Saudi terminals, the oil price was already heading much higher. Investors had been waiting for the latest meeting between the big Middle Eastern producers and Russia; they’d assumed that the so-called “Opec+” cartel would be unable to resist unleashing a bit more supply into the market at current prices.

Chemicals Biotechnology NylonRecycling

-Will we shift from fossil-based to biobased plastic packaging?

Biobased plastic packaging is capturing market share from traditional petroleum-based plastic packaging. With a number of technologies available or under development, biobased plastic packaging could eventually dominate.

There’s no doubt bioplastics is a growth area. “For example, the biobased polyethylene terephthalate (PET) market is predicted to grow at a compound annual growth rate of 68.25% until 2019, per…[Technavio’s] report, Global Biobased Polyethylene Terephthalate (PET) Market 2015-2019,” says Patrick Krieger, assistant director of regulatory and technical affairs at SPI: The Plastics Industry Trade Association, Washington, DC. Chemicals Biotechnology NylonRecycling

Chemicals Biotechnology NylonRecycling

-China: Chemical fiber sector sees production expansion

Official statistics revealed that China’s chemical fiber sector saw a production augment but witnessed lower revenues and profits last year.

According to statistics from the Ministry of Industry and Information Technology (MIIT), the country’s chemical fiber production hit 60.25 million tons, increased 3.4 percent year on year. Chemicals Biotechnology NylonRecycling

Chemicals Biotechnology NylonRecycling

-Tetra Pak Arabia Area signs an agreement with the Saudi Top Plastic factory to recycle plastic materials

Providing better protection & preservation of food & beverage products

A vision in the circular economy framework through renewable materials from sustainable sources Chemicals Biotechnology NylonRecycling

Jeddah, Kingdom of Saudi Arabia – Tetra Pak Arabia Area, is a world-leading food processing and packaging solutions company, announced that it had signed an agreement last January, with the Saudi Top Plastic Factory (STP), the leading plastic recycling plant in the region, which brings with it 15 years of experience in its scope, carrying a capacity of about 50 thousand tons annually.

This partnership is the first of its kind in the Arab region, and aims at recycling the “PolyAL – Polyethylene Aluminium” materials – left over from cartons that have undergone a recycling process and have been peeled off the paper. Tetra Pak’s Arabia Area vision revolves around operating its packaging and packing processes within the framework of a circular economy using renewable materials from sustainable and recyclable sources. Tetra Pak cartons are primarily made from paper. 75% of the Tetra Pak carton is made from cardboard, 20% of polyethylene (Poly AL), and 5% of aluminum.

Chemicals Biotechnology NylonRecycling

Chemicals Biotechnology NylonRecycling

Chemicals Biotechnology NylonRecycling 09-03-2021