Day: 29 August 2023

cc

Crude Oil Prices Trend 

Terry Gou is a presidential candidate: “I aim for peace with Beijing”

Billionaire entrepreneur Terry Gou, renowned as the visionary behind Foxconn, a global juggernaut specializing in the manufacturing of electronic components and a prominent supplier to industry titan Apple, has unfurled his aspiration to ascend to the presidency of Taiwan. With his hat now officially in the ring, Gou plans to stake his claim as an independent contender in the forthcoming presidential elections slated for January of the following year.

For Gou, the aspiration to lead the self-governing island has been a longstanding ambition. During this year’s political maneuvers, he had initially cast his net towards garnering support from the primary opposition party, the Kuomintang (KMT). However, the scales tipped in favor of Hou Yu-ih, former chief of police and incumbent mayor of New Taipei City, as per the latest polls, accruing a commendable 26% popularity rating.

However, Gou’s strategy pivoted. To run as an unaffiliated candidate, he faces the onus of accumulating a formidable 290,000 signatures. Thus, in recent months, he has orchestrated a series of gatherings that can be likened to a prelude of an electoral campaign, spanning various locales across Taiwan.

“I have reached the decision to partake in the 2024 presidential race,” Gou proclaimed at a press conference that heralded his official candidacy. Furthermore, he articulated his overarching objective: to cultivate an environment of “peace between the two sides of the Taiwan Strait.” This, he aims to achieve by capitalizing on his commendable rapport with Beijing. Unifi biodegradable films

Foxconn’s expansive presence, encompassing a multitude of factories in China that collectively employ a workforce exceeding one million individuals, underscores the relevance of fostering harmonious relations across the Strait.

However, Gou’s endeavor is no facile feat. In the current climate of political conjecture, the odds appear to lean favorably, with an impressive 45%, toward the incumbent Taiwanese vice president, William Lai, who operates under the aegis of the Democratic Progressive Party (DPP). The DPP is known for its staunch pro-independence stance in relation to Beijing.

Gou’s gambit is laden with nuances and intricacies. His business eminence, often dubbed the King of Electronics, contributes a distinct facet to his candidacy. His empire’s symbiotic intertwinement with China’s industrial landscape generates a complex backdrop. As he sets his sights on the political arena, he aims to leverage his well-established connections and insights, built upon the foundation of Foxconn’s ventures within the mainland. His aspiration to broker a state of serenity between Taiwan and China echoes a resounding call for regional stability, predicated on diplomatic finesse. Unifi biodegradable films

As Taiwan prepares for the impending electoral showdown, the coming months promise a theatric display of political stratagem. Gou, the captain of industry, stands poised to navigate the intricate labyrinth of campaigns and debates, navigating the often-turbulent waters of public sentiment. His vision for a reconciled Taiwan, seamlessly integrated with its cross-strait counterpart, reflects not only his entrepreneurial savvy but also a profound understanding of the geopolitical dynamics at play.

Ultimately, the evolving narrative of Taiwan’s presidential election hinges on multifaceted choices, and Gou’s entry adds an intriguing chapter. The political spectrum awaits the unfolding of campaigns, debates, and unforeseen twists, with Gou’s pursuit of the presidency injecting a potent dose of uncertainty and anticipation into an already captivating saga.

Unifi Faces Losses Amidst Low Demand Across Markets

The reverberations of a stagnant global textile industry have made a palpable impact on Unifi, a prominent manufacturer headquartered in Greensboro, North Carolina. Specializing in the production of synthetic and recycled fibers and yarns, Unifi experienced a notable downturn in its financial performance, as evidenced by a substantial drop in turnover for the fiscal year ending on July 3rd, 2023. In stark contrast to the previous year’s figures of $815.7 million, the company’s turnover plummeted to $623.5 million. Distressingly, the fiscal report unveiled a net loss of $40.8 million for the same period.

During the fourth quarter of the year, Unifi’s net sales were reported at $151.1 million, a stark decline from the preceding year’s $217.5 million. Within this timeframe, the company incurred a loss of $13.7 million. Unifi biodegradable films

This loss included an impairment charge of $8.2 million related to the abandonment of specialized machinery that had been constructed in the Americas back in 2017. This machinery, once a symbol of growth and innovation, now stands as a testament to the challenges that the company has faced in recent times.

The adverse impact on Unifi’s sales was a pervasive issue that transcended geographical boundaries, affecting all of the company’s key markets. In the Americas, net sales plummeted by 31.2%, while Brazil experienced a 22.4% decrease, and Asia faced a substantial decline of 35% during the fourth quarter. These figures underscore the far-reaching consequences of the prevailing economic conditions on Unifi’s global operations.

Despite the daunting circumstances, Unifi continued to draw revenue from its Repreve recycled polyester product line. These sales amounted to $44.5 million during the fourth quarter, constituting an impressive 29% of the total sales for that period. Through Repreve, Unifi has managed to repurpose more than 35 billion plastic bottles, transforming them into recycled fiber for various consumer goods, such as apparel, footwear, and home products. Unifi biodegradable films

Notably, the company has established collaborations with several influential brands across the world, further solidifying its position in the industry.

Eddie Ingle, Unifi’s CEO, acknowledged the challenging landscape the company faces. He attributed the unfavorable financial results to the instability in demand that has rippled throughout the apparel and textile supply chains. These fluctuations, in turn, were driven by diminished levels of demand from brands and retailers. While Ingle anticipates that this subdued demand environment will persist throughout the remainder of 2023, he highlighted positive developments in the market share within the Americas and Brazil segments. These developments, he believes, will serve as a springboard for a resurgent fiscal year in 2024.

In the face of ongoing uncertainties across its customer base, Unifi remains cautiously optimistic. Ingle contends that the protracted period of inventory destocking is on the cusp of concluding.

This transition marks a critical turning point for the company, as it seeks to recalibrate and reposition itself for an impending period of recovery. Unifi biodegradable films

As Unifi navigates these uncharted waters, the company is poised to leverage its enduring commitment to sustainability, innovation, and collaboration with global brands. The challenges it currently faces serve as a catalyst for refining its strategies, streamlining operations, and adapting to the evolving demands of the industry. With a pragmatic outlook and a steadfast determination, Unifi aims to overcome the present adversity and usher in a new era of growth and stability. For more information, please visit www.unifi.com.

An innovative Israeli biotech company has spearheaded a significant stride towards eco-conscious practices by introducing an environmentally friendly food packaging alternative crafted from fungi

This remarkable achievement, as heralded by the Israel Innovation Authority (IIA), aims to supplant the environmentally detrimental role of plastic packaging in our lives.

Amid mounting concerns about the ecological ramifications of current food packaging practices, particularly the rampant use of non-biodegradable plastics leading to an alarming upsurge in waste generation, this breakthrough from MadeRight offers a glimmer of hope. In a noteworthy Facebook post, the IIA elucidated the substantial environmental impact imposed by the food packaging industry, exacerbated by the pervasive employment of plastics. Not only does this engender colossal waste, but the manufacturing processes for conventional packaging materials like plastic, glass, and metal also exact a toll on energy consumption and precious resources, thereby contributing to the ominous specter of carbon emissions.

MadeRight’s solution pivots on the inception of a circular economy paradigm, ingeniously employing organic industrial waste as a fertile substrate to nourish the growth of fungi, which then metamorphose into an invaluable biomaterial. This two-step process commences with the cultivation of fungi through fermentation, utilizing the rich nutrient tapestry of industrial organic waste. In the subsequent phase, these cultivated fungi undergo a transformative metamorphosis into high-value biomaterials, which in turn are harnessed to craft tailor-made packaging compatible with a broad spectrum of existing machinery within various industries. Unifi biodegradable films

One of the most remarkable aspects of this pioneering technique is its meticulous incorporation of the inherent attributes of fungi, lending themselves seamlessly to large-scale production of these innovative packaging solutions. Among these attributes, their phenomenally rapid growth rate stands out, complemented by their year-round availability and remarkable adaptability to diverse climates. MadeRight, in underscoring these features, underscores that their revolutionary approach is characterized by recyclability, durability, and a cleanliness that mirrors nature’s elegance. The materials employed in their novel packaging creation are sourced from abundantly available and varied reservoirs, curbing the necessity for extensive material transportation, a factor that further slashes the carbon footprint associated with packaging production.

In a world grappling with the tangible consequences of climate change and environmental degradation, MadeRight’s pioneering strides emerge as a potent beacon of progress. By harnessing the potency of fungi and aligning it with a circular economy model, they effectively circumvent the pitfalls of conventional packaging materials, sparing us from the ecological quagmire that plastic packaging has precipitated. This dynamic solution champions both innovation and sustainability, intertwining them in a manner that beckons other industries to heed the call of nature-conscious practices.

While the road ahead to mass adoption might pose challenges in terms of industrial integration and consumer adaptation, the foundational steps taken by MadeRight represent an instrumental leap towards a more harmonious coexistence between commerce and the environment. As their fungi-based packaging materials weave their way into the fabric of various sectors, the tangible impact of reduced waste, curbed carbon emissions, and heightened sustainability will undoubtedly reverberate on a global scale.

In conclusion, the advent of eco-friendly food packaging derived from fungi, as pioneered by the Israeli company MadeRight, marks a pivotal advancement in the quest for sustainable practices within the packaging industry. Unifi biodegradable films

By harnessing the innate potential of fungi and channeling it through a circular economy model, the company has birthed a pragmatic and scalable solution to the mounting environmental concerns associated with conventional packaging materials. As these innovative fungal-based packaging materials find their footing in diverse industries, the promise of diminished waste, lowered carbon emissions, and heightened environmental consciousness inches closer to realization.

Single-use plastics yield to biodegradable films for safety

These films cut carbon emissions, save energy, promote recycling, and reduce petroleum use, challenging traditional plastics.

Research has found that there have been approximately 139m metric tons of single-use plastic waste in the year 2021. This disposable plastic is utilised in day-to-day life and it is estimated that around 50.1% is utilised just once and then thrown away.

Fine modulo

Scientists are putting tremendous effort into finding a sustainable solution. The first known bioplastic PHB, polyhydroxy butyrate, was first discovered in 1926 by Maurice Lemoigne. There has since been a rising interest in the use of biodegradable films. Consciousness about the environment has also accelerated the usage of films.

Recent innovations in film manufacturing include Dow and Klöckner Pentaplast‘s recyclable vacuum film and Berry Global’s form-fill-seal film for powdered products.

Biodegradable films consist of additives with plastic as a component. The benefit of adding these enzymes is that they enable the plastic to break down. The plastic can be decomposed by the addition of living organisms, for example, fungi or bacteria, with or without impact on the environment. Unifi biodegradable films

The benefits of biodegradable films are that they decompose naturally and the end result for the environment is a little less harmful.

Reduced carbon emissions

One of the prominent benefits of utilising these films is the remarkable reduction in carbon emissions. The process of plastic generation generates carbon as it has been estimated that in the year 2019, approximately 1.81bn tons of greenhouse gas emissions were generated by plastic. Out of which, 90.1% of emissions come from their production. In fact, the conversion of plastic into fossil fuels also generates enormous carbon.

Substituting packaging with biodegradable films helps in reducing carbon emissions. According to research, 90.1% of current plastics can be easily derived or manufactured from plants.

Eco-friendly solution

Since these films are made out of natural materials for example, cellulose, starch, and proteins. They break down conveniently into natural substances such as carbon dioxide, biomass, and water.

It has been estimated that it takes 6 months to 1 year in an environment with proper exposure to oxygen.

Low energy consumption

The initial investment for developing these films might be a little expensive but in the long duration, these films require a lesser amount of energy.

Recyclable material

It has been researched in an analysis that approximately 36.1% of all the plastics produced are utilised for the purpose of packaging and about 85.2% of them end up as unregulated waste. While biodegradable films are recyclable cost-efficiently.

Reduced petroleum consumption

Oil is an imperative ingredient in the manufacturing of conventional plastics. Approximately 8.5% to 10% of the total oil supply goes to making plastic.

When biodegradable material is incorporated while making packaging films it consumes significantly less petroleum. Unifi biodegradable films

Some of prominent types of biodegradable films are:

• Starch-based biodegradable films

These films are made up of potatoes, wheat, or corn. These starch-based plastics are complex mixtures of starch consisting of compostable plastics for example PBAT, PLA, PCL, PBS, and PHA.

More…

Attendance jumps nearly 60% for Intertextile Shanghai show

Intertextile Shanghai Home Textiles Expo Witnesses Impressive 60% Surge in Attendance Marking a pivotal moment for the global trade exhibition sector, the Intertextile Shanghai Home Textiles Expo experienced a remarkable surge in attendance, soaring by nearly 60%. This substantial increase in footfall comes as a welcome sign of recovery, with many attendees and participants returning to China for the first time since the disruptive pandemic outbreak that marred 2020. The event, held last week, served as a vibrant gathering that underscored the industry’s resilience and the world’s gradual return to normalcy.

Drawing in a staggering number of over 32,000 visits, the trade fair witnessed a remarkable year-on-year rise of 59.2% in attendance. Attendees flocked to the event from an impressive array of 96 countries and regions, with a notable milestone being achieved as over 10% of participants ventured from international destinations to be part of this grand exposition in China. Unifi biodegradable films

A distinctive feature of this year’s Intertextile Shanghai Home Textiles expo was the inclusion of several countries and regions making their debut as exhibitors. Among these newcomers were countries such as Indonesia, Portugal, Taiwan (China), Türkiye, and the U.S. These nations, among others, added a refreshing international flair to the event. The expo showcased a diverse tapestry of 1,034 businesses, marking a notable uptick of 38.1% in exhibitor count compared to previous editions.

The vibrant event unfolded over three days, from August 16 to 18, hosted at the prestigious National Exhibition and Convention Center in Shanghai. The expo served as an essential platform for businesses, manufacturers, and industry players to engage in networking, exchange ideas, and showcase their latest innovations in the realm of home textiles.

Wilmet Shea, the accomplished General Manager of the show’s organizer, Messe Frankfurt (HK) Ltd., highlighted the significance of the rising international participation. Shea remarked, “The increase in overseas exhibitors, and the return of several country and region pavilions, has meant even more diversified sourcing options for our devoted buyers from home and abroad.” This diversification of offerings and perspectives served as a testament to the expo’s dedication to fostering a robust marketplace.

Excitingly, the Intertextile Shanghai Home Textiles expo has already set its sights on the future, unveiling the dates for its 2024 editions. The Spring Edition of 2024 is slated to transpire from March 6 to 8, offering participants an early-year opportunity to engage in the industry’s latest trends and developments. Furthermore, the Autumn Edition of the expo is scheduled to enthrall attendees from August 14 to 16 in 2024, providing a continuation of this vibrant tradition. Unifi biodegradable films

Behind the scenes, the event’s co-organizers played a pivotal role in its success. The Sub-Council of Textile Industry, CCPIT, and the China Home Textile Association (CHTA) worked diligently to ensure the expo’s seamless execution. Their dedication and collaborative efforts were instrumental in transforming the Intertextile Shanghai Home Textiles Expo into a resounding triumph.

In conclusion, the recent edition of the Intertextile Shanghai Home Textiles Expo emerged as a shining testament to the industry’s resilience and the global community’s determination to reconnect and revitalize. The remarkable 60% surge in attendance, the participation of new exhibitor nations, and the unveiling of forthcoming editions collectively reinforce the event’s position as a cornerstone of the global home textiles sector. 

A Breakthrough Enzyme with the Potential to Revolutionize Sustainable Aviation Fuel Production

In a remarkable stride towards advancing sustainable biofuel production, Brazilian researchers have unveiled a novel biocatalyst with the capability to substantially elevate the output of renewable biofuels. Notably, this discovery not only surmounts technological and production hindrances but also augments the manufacturing processes of bioplastics and biopolymers.

Lead investigator Letícia Zanphorlin, who heads the Brazilian Biorenewables National Laboratory (LNBR) at the Brazilian National Center for Research in Energy and Materials (CNPEM), expounded on the groundbreaking discovery. Following an intensive three and a half years of research, the team has pinpointed an enzyme that holds the potential to supplant traditional catalysts employed in thermochemical pathways for the synthesis of aviation biokerosene. Unifi biodegradable films

The enzyme of focus, OleTPRN, originates from the bacterium Rothia nasimurium and belongs to the cytochrome P450 superfamily. Characterized as a “polyunsaturated alkene-producing decarboxylase,” this metalloenzyme presents itself as a pivotal player in paving the way for innovative biotechnological avenues in renewable hydrocarbon production for aviation. Its application spans a diverse array of feedstocks including oleaginous biomass derived from sources such as soy, macaw palm, and corn, as well as lignocellulosic biomass sourced from sugar cane bagasse, straw, and the paper industry.

Zanphorlin delved into the enzyme’s distinctive attributes. Unlike conventional chemical catalysts, the novel enzyme excels in the decarboxylation of fatty acids, yielding impressive outputs while demonstrating selectivity for carbon chains of varying sizes and compositions. This phenomenon crucially facilitates the intricate process of deoxygenation, a pivotal step in sustainable aviation fuel (SAF) production. The pernicious effects of oxygen on aircraft parts and engines underscore the significance of deoxygenation, which partially elucidates why prevalent Brazilian biofuels like ethanol and biodiesel do not find application in aviation. This inherent limitation has fueled the demand for cutting-edge biocatalysts.

In stark contrast to the conventional catalysts containing metals like cobalt, platinum, nickel, or palladium, the novel enzyme operates under milder conditions. While metallic catalysts necessitate high temperatures and pressures, often resulting in environmental repercussions and financial losses due to technological waste, the new enzyme offers a more sustainable and efficient alternative. This revolutionary enzyme, OleTPRN, marks a substantial leap forward in advancing green aviation. Unifi biodegradable films

The research detailing this groundbreaking advancement has been meticulously documented in the Proceedings of the National Academy of Sciences (PNAS), a testament to the scientific rigor and innovation driving this transformative discovery.

Implementation of this technology would require adaptations in existing biofuel production facilities. Nonetheless, an intriguing prospect emerges—the existing distribution infrastructure that caters to fossil fuels could be shared with renewable alternatives functioning as “drop-in” fuels. This implies that these substitutes for petroleum-derived hydrocarbons would seamlessly integrate with current engines, fuel systems, and distribution networks, obviating the need for extensive overhauls.

A sense of optimism radiates from the researchers, who foresee multifaceted applications across a spectrum of industries. The enzyme’s remarkable versatility renders it adaptable for deployment in diverse sectors. Of particular note, the enzyme-mediated production of alkenes underpins a staggering two-thirds of the chemical industry’s products, including polymers and plastics. Furthermore, alkenes play a pivotal role in the domains of food, cosmetics, pharmaceuticals, and transportation—a testament to their indispensability.

In conclusion, the discovery of the OleTPRN enzyme marks a pivotal moment in sustainable aviation fuel production. Brazilian researchers have unlocked the potential to transform the biofuel landscape, transcending existing limitations and setting the stage for a more environmentally conscious and technologically advanced future. This remarkable breakthrough not only propels aviation biofuel synthesis forward but also casts a far-reaching ripple effect across industries that rely on alkenes, illustrating the profound impact of innovative biochemistry on the global stage. Unifi biodegradable films

Petrochemicals Plastic Packaging – Is plastic really a catastrophe for the environment? 28-08-2023

Unifi biodegradable films