Nylon66-chips – Petrochemicals 16-05-2022

Nylon66-chips – Petrochemicals

Nylon66-chips - Petrochemicals

Polyestertime
ITEM 09/05/2022 16/05/2022 +/-
Bottle grade PET chips domestic market 8,600 yuan/ton 8,900 yuan/ton +300
Bottle grade PET chips export market 1,235 $/ton 1,255 $/ton +20
Filament grade Semidull chips domestic market 7,520 yuan/ton 7,775 yuan/ton +255
Filament grade Bright chips domestic market 7,700 yuan/ton 7,925 yuan/ton +225
Pure Terephthalic Acid PTA domestic market

Nylon66-chips – Petrochemicals

6,460 yuan/ton 6,780 yuan/ton +320
Pure Terephthalic Acid PTA export market 1,045 $/ton 1,050 $/ton +5
Monoethyleneglycol MEG domestic market 4,850 yuan/ton 5,010 yuan/ton +160
Monoethyleneglycol MEG export market 618 $/ton 622 $/ton +4
Paraxylene PX FOB  Taiwan market 1,198 $/ton 1,289 $/ton +91
Paraxylene PX FOB  Korea market 1,178 $/ton 1,269 $/ton +91
Paraxylene PX FOB EU market 1,290 $/ton 1,449 $/ton +159
Polyester filament POY 150D/48F domestic market 8,015 yuan/ton 8,320 yuan/ton
+305
Recycled Polyester filament POY  domestic market 7,600 yuan/ton 7,650 yuan/ton +50
Polyester filament DTY 150D/48 F domestic market 9,400 yuan/ton 9,700 yuan/ton +300
Polyester filament FDY 68D24F 9,150 yuan/ton 9,450 yuan/ton +300
Polyester filament FDY 150D/96F domestic market 8,700 yuan/ton 9,000 yuan/ton +300
Polyester staple fiber 1.4D 38mm domestic market 8,430 yuan/ton 8,600 yuan/ton +170
Caprolactam CPL domestic market 14,350 yuan/ton 14,600 yuan/ton
+250
Caprolactam CPL overseas  market 2,150 $/ton 2,150 $/ton
Nylon6 chips overseas  market 2,420 $/ton 2,420 $/ton
Nylon6 chips conventional spinning domestic  market 15,200 yuan/ton 15,350 yuan/ton +150
Nylon6 chips  high speed spinning domestic  market 15,300 yuan/ton 15,800 yuan/ton +500
Nylon 6.6 chips domestic  market

Nylon66-chips – Petrochemicals

26,000 yuan/ton 26,000 yuan/ton
Nylon6 Filament POY 86D/24F domestic  market 17,650 yuan/ton 18,100 yuan/ton +450
Nylon6 Filament DTY 70D/24F domestic  market 20,200 yuan/ton 20,650 yuan/ton- +450
Nylon6 Filament FDY  70D/24F  18,350 yuan/ton 18,800 yuan/ton +450
Spandex 20D  domestic  market 66,000 yuan/ton 65,500 yuan/ton -500
Spandex 30D  domestic  market 59,000 yuan/ton 56,500 yuan/ton -2,500
Spandex 40D  domestic  market 49,500 yuan/ton 48,000 yuan/ton -1,500
Adipic Acid domestic market 11,900 yuan/ton 11,750 yuan/ton -150
Benzene domestic market 8,980 yuan/ton 9,100 yuan/ton +120
Benzene overseas  market 1,176 $/ton 1,231 $/ton +55
Ethylene South East market 1,240 $/ton 1,220 $/ton -20
Ethylene NWE  market 1,436 $/ton 1,398 $/ton -38
Acrylonitrile ACN  domestic market 11,700 yuan/ton 11,600 yuan/ton -100
Acrylonitrile ACN  overseas market

Nylon66-chips – Petrochemicals

1,950 $/ton 1,950 $/ton
Acrylic staple fiber ASF  domestic market 18,500 yuan/ton 18,500 yuan/ton
Viscose Staple Fiber VSF  domestic market 14,420 yuan/ton 14,740 yuan/ton +320
PP Powder domestic market
9,900 yuan/ton 9,900 yuan/ton
Naphtha overseas market  910 $/ton 923 $/ton
+13
Phenol domestic market 10,580 yuan/ton 10,460 yuan/ton -120

Nylon66-chips – Petrochemicals

Plastic-packaging – European-gas-crisis 16-05-2022

Plastic-packaging – European-gas-crisis

-Evonik to invest 8 billion euros by 2030 in high-margin businesses

German chemicals company Evonik plans to invest 8 billion euros (USD8.45 billion) by 2030 to boost growth in its smart materials, specialty additives and nutrition & care units, said Reuters.

The company, which makes ingredients for products ranging from animal feed and diapers to Pfizer/BioNTech’s COVID-19 vaccine, is restructuring to focus on high-margin and high-growth businesses. Evonik’s business in Russia will come to a standstill, CEO Christian Kullmann said. “We are deliberately letting it run down.”

Methionine, an amino acid that Evonik produces in Russia and which is used as an animal-feed additive, is now on the European Union’s embargo list, according to Kullmann.

Half of the investments are planned for Germany, Kullmann said. The money was earmarked for products that are sustainable and generate a margin on earnings before interest and tax of more than 20%. Plastic-packaging – European-gas-crisis

The group had decided to sell its 900-staff baby care business next year, and was looking for a partner or a buyer for its C4 Verbund unit, which makes components for car petrol, rubber and PVC plastic, with around 1,000 staff.

Evonik also plans to divest its production site in Luelsdorf, close to the city of Cologne, the CEO said. Evonik has around 600 employees at the chemical site.

As per MRC, Evonik, one the world’s petrochemical majors, is embarking on the next phase of its strategic transformation. Sustainability is being integrated fully and systematically into all elements of the strategy: portfolio management, innovation, corporate culture.

Plastic-packaging - European-gas-crisis

-Braskem taps Terra Circular to form plastic recycling JV

Braskem has agreed with Dutch recycler Terra Circular to enter a joint venture for mechanical recycling, said the company.

Financial details were not disclosed. Terra Circular, through its subsidiary ER Plastics, operates the production facilities, with nominal capacity for mechanical recycling of 23,000 tonnes/year. Plastic-packaging – European-gas-crisis

The plant is to process mixed plastic waste.

“With the agreement’s execution and once its conditions’ precedents are fulfilled, Braskem will become the controlling shareholder of the joint venture, with the possibility to expand the technology’s use to other regions. Terra Circular will transfer to the joint venture the shares in its subsidiary ER Plastics,” said Braskem.

Netherlands-based Terra Circular will provide the JV all the shares in its subsidiary ER Plastics, which has a capacity to recycle 23,000 tonnes of plastic waste per year.

As per MRC, Braskem, the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, announces the release of three new sustainable 3D printing filament product offerings for the additive manufacturing market. These first of their kind products include 3D printing filaments produced from bio-based ethylene vinyl acetate (EVA) filament derived from raw sugarcane as well from recycled polyethylene and polypropylene (PE/PP) blended filaments with, or without, carbon fiber.

As per MRC, Lummus Technology announced a partnership with Braskem, the largest biopolymer producer in the world, to license green ethylene technology. Lummus and Braskem will license worldwide technology to produce green ethylene and accelerate the use of bioethanol for chemicals and plastics, supporting the industry’s efforts towards a carbon neutral circular economy.

Plastic-packaging - European-gas-crisis

-Ukraine war – EU proposes phasing out Russian crude oil imports within six months

The EU plans to phase out Russian crude oil imports within six months, European Commission President Ursula von der Leyen said May 4.

She added that the EU is also considering phasing out imports of Russian refined products by the end of 2022.

“Today we will propose to ban all Russian oil from Europe. This will be a complete import ban on all Russian oil, seaborne and pipeline, crude and refined,” Von der Leyen said in a speech to the European Parliament.

Europe is particularly dependent on Russian oil and was importing about 2.7 million b/d of crude and another 1.5 million b/d products, mostly diesel, before the Feb. 24 invasion. Plastic-packaging – European-gas-crisis

The conflict sparked self-sanctioning by European refiners and independent traders that has seen seaborne flows of Russia’s Urals crude, heavy fuel oil, vacuum gasoil and naphtha into the region drop.

“We will make sure that we phase out Russian oil in an orderly fashion. So in a way that allows us and our partners to secure alternative supply routes and at the same time be very careful that we minimize the impact on the global market,” she said.

S&P Global Commodity Insights expects to see a loss of nearly 3 million b/d in crude and products exports from Moscow in the coming months, as more buyers shun Russian oil.

The war in Ukraine has resulted in Russia’s key grade Urals trading at significant discounts.

Plastic-packaging - European-gas-crisis

-New fund aims big on plastic recycling – Alliance to End Plastic Waste and Swiss investor announce fund designed to reach $500 million in capitalization.

The Alliance to End Plastic Waste, Singapore, and Lombard Odier Investment Managers (LOIM), Switzerland, have announced their intention to launch what they call a circular plastic fund.

The fund will aim to raise $500 million from institutional and other investors for scalable solutions to remove plastic waste from the environment, increase recycling, and drive the global transition toward a circular economy for the plastic value chain,” the Alliance says. The Alliance also says it will “serve as a cornerstone investor in the fund.” Plastic-packaging – European-gas-crisis

“Our goal in partnering with Lombard Odier in relation to a circular plastic strategy is to grow investments in solutions that can help end plastic waste and contribute to a circular economy,” says Jacob Duer, president and CEO of the Alliance. “The strategy harnesses the collective intelligence of the plastic value chain and connects it with capital, bringing much needed solutions to scale. I am confident this will help focus financial market attention on the investment opportunity that plastic circularity represents, and help to catalyze multiple sources of financing for investments in circular solutions for plastic waste.”

New fund aims big on plastic recycling - Alliance to End Plastic Waste and Swiss investor announce fund designed to reach $500 million in capitalization

-European gas supply crisis grows after Russia imposes sanctions

Pressure on Europe to secure alternative gas supplies increased on Thursday as Moscow imposed sanctions on European subsidiaries of state-owned Gazprom a day after Ukraine stopped a major gas transit route, said Hydrocarbonprocessing.

Gas prices surged, with the key European benchmark gaining 12% as buyers were unsettled by the mounting threats to Europe’s supply given its high dependence on Russia. Moscow has already cut off supply to Bulgaria and Poland and countries are racing to fill dwindling gas reserves before winter.

Russia imposed sanctions late Wednesday mainly on Gazprom’s European subsidiaries including Gazprom Germania, an energy trading, storage and transmission business that Germany placed under trusteeship last month to secure supplies. It also placed sanctions on the owner of the Polish part of the Yamal-Europe pipeline that carries Russian gas to Europe. Plastic-packaging – European-gas-crisis

Kremlin spokesperson Dmitry Peskov said there can be no relations with the companies affected nor can they take part in supplying Russian gas. The affected entities, listed on a Russian government website, are largely based in countries that have imposed sanctions on Russia in response to its invasion of Ukraine, most of them members of the European Union.

Germany, Russia’s top client in Europe, said some subsidiaries of Gazprom Germania were receiving no gas because of the sanctions. “Gazprom and its subsidiaries are affected,” German Economy Minister Robert Habeck told the Bundestag lower house. “This means some of the subsidiaries are getting no more gas from Russia. But the market is offering alternatives.”

The list also includes Germany’s biggest gas storage facility at Rehden in Lower Saxony, with 4 Bcm3 of capacity and operated by Astora, as well as Wingas, a trader which supplies industry and local utilities. Wingas has said it would continue operating but would be exposed to shortages. Rivals Uniper, VNG or RWE could be potential sources of supply to the market. Russian gas flows to Germany continue via the Nord Stream 1 pipeline under the Baltic Sea.

If sanctioned firms cannot operate, other companies such as gas utilities could take over contracts, which would likely involve agreeing new terms with Gazprom, including for payment, said Henning Gloystein, director at Eurasia Group. “This may be what Gazprom intends here, beyond also sending a retaliatory signal (for EU sanctions),” he added.

Gazprom said it would no longer be able to export gas through Poland via the Yamal-Europe pipeline after sanctions against EuRoPol Gaz, which owns the Polish section. The pipeline connects Russian gas fields in the Yamal Peninsula and Western Siberia with Poland and Germany, through Belarus, and has a 33 Bcm3 capacity, around a sixth of Russian gas exports to Europe.

European gas supply crisis grows after Russia imposes sanctions

-Repetable by RadiciGroup in the new Yamamay collection
On display at the Adi Design Museum in Milan “On the wave of time – Waves of fashion, history and innovation”: the history of swimwear in a path of evolution between style and sustainability.
The exhibition “Sull’Onda del tempo – Waves of fashion, history and innovation” is open to the public from 13 to 29 May in the setting of the Adi Design Museum in Milan, a project dedicated to the history of swimsuits, born from creative synergy of an Art and Design school, the Aldo Galli Academy of Como – Ied Network and the fashion company Yamamay.
Also on display are the Repetable yarns by RadiciGroup, used by Yamamay in the new sustainable proposal for beachwear: the theme of sustainability permeates the exhibition in which fabrics resulting from a long-term vision are exhibited, which can combine beauty with respect for the planet. and the sea.

Meaning of Repetable

Repetable is an innovative polyester yarn obtained through a post-consumer recycling process of plastic bottles which, compared to virgin polyester, allows to reduce CO2 emissions (-45%) and reduce water consumption (-90%) and energy (-60%), while ensuring high technical performance. It is obtained from the flakes of PET bottles through a process that helps reduce potential waste in the environment. Repetable is GRS certified, a standard that certifies the recycling process, and Oekotex, a scheme that proves the absence of substances dangerous to health.
In the conception and preparation of the exhibition, the students of the two three-year courses of Painting and visual languages ​​and of Fashion textile design of the Aldo Galli Academy have worked in recent months to reconstruct and re-propose the history of the bathing suit, coming to create a real story where eco design represents the most contemporary element, keystone in the design of one piece and bikini made to last over time and use fewer and fewer resources from the planet.

Plastic-packaging - European-gas-crisis

Plastic-packaging – European-gas-crisis

Carbon-Fiber – Recycling-technologies 14-05-2022

Plastic-recycling – Petrochemicals  16-05-2022

Plastic-recycling – Petrochemicals

-Nylon66-chips – Petrochemicals 

Plastic-recycling - Petrochemicals

Crude Oil Prices Trend 

Crude Oil Prices Trend  Polyestertime

-Borealis and Reclay Group establish a unique strategic partnership to tackle the challenge of plastic packaging waste and its recycling

  • The strategic partnership will combine the complementary strengths and capabilities of both players in the plastics recycling value-chain, starting with Germany
  • The agreement secures plastic waste from Reclay for Borealis to convert and revalorise in high-quality recyclate materials
  • EverMindsTM  in Practice: providing circular solutions to meet customer expectations and market demand

Borealis, one of the world’s leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals and fertilizers, and the Reclay Group, international experts in environmental and material recovery management, announce that they have joined forces to satisfy increasing market demand for the supply of recyclate material for use in high-end plastic applications. This unique partnership will optimise the recycling value chain starting with Germany, one of the largest European recycling markets. The partnership further accelerates the transition to plastics circularity by enabling customers and other value chain partners to meet their own sustainability targets. Plastic-recycling – Petrochemicals

New partnership capitalises on strengths of downstream and upstream recycling expertise

The new agreement provides Borealis with access to a secure and steady supply of feedstock in the form of lightweight packaging (LWP) waste collected by Reclay’s Extended Producer Responsibility (EPR) scheme in Germany. The plastic packaging waste is then processed at Borealis’ own state-of-the-art recycling plants, thus extending the range of applications for which recycled plastics can be used. This in turn enables value chain partners, customers, and brand owners to meet recycling quotas and increase the volume of plastic recyclate used in products and applications. Plastic-packaging – European-gas-crisis

“The reliable supply of high-quality recyclate is a prerequisite for a functioning circular economy,” explains Lucrèce Foufopoulos, Borealis Executive Vice President Polyolefins, Innovation & Technology and Circular Economy Solutions. “Working together with the Reclay Group is a strategic step towards value chain integration in securing plastic waste feedstock and improving recyclability. This will enable our customers and partners to achieve their circularity goals and reduce their overall carbon footprint, and at the same time underpins our Borealis journey towards more sustainable living.”

Borealis and Reclay Group establish a unique strategic partnership to tackle the challenge of plastic packaging waste and its recycling

Nylon66-chips – Petrochemicals

Borealis and Reclay-Group establish a unique strategic partnership to tackle the challenge of plastic-packaging-waste and its recycling

Evonik to invest 8 billion euros by 2030 in high-margin businesses

Braskem taps Terra-Circular to form plastic-recycling JV

Ukraine-warEU proposes phasing out Russian-crude-oil imports within six months

-New fund aims big on plastic-recyclingAlliance to End Plastic-Waste and Swiss investor announce fund designed to reach $500 million in capitalization.

European-gas-supply-crisis grows after Russia imposes sanctions

Repetable-by-RadiciGroup in the new Yamamaycollection

Plastic-recycling – Petrochemicals

Carbon-Fiber – Recycling-technologies 14-05-2022