Day: 9 April 2024

Circular Plastic

Crude Oil Prices Trend 

Indorama Ventures is reassessing the future of its Rotterdam PET and PTA plants amidst industry challenges

The move aligns with its strategic goals for sustainable solutions amid competitive pressures.

The evaluation involves discussions with site employees to determine the plants’ future activities.

Rising costs and industry shifts are driving the need for asset optimization to boost resilience.

Despite challenges, Indorama Ventures assures seamless operations globally, minimizing customer impact. Mr. DK Agarwal highlights the importance of prudent decision-making amidst economic uncertainties.  Circular Plastic

The company emphasizes its global reach as a strength to ensure continued customer service excellence.

Mitigation measures will be implemented to support affected individuals. This decision coincides with the launch of ‘IVL 2.0,’ emphasizing financial optimization and customer value.

Strategic actions include maximizing asset efficiency, operational excellence, and market leadership maintenance.  Circular Plastic

Indorama Ventures, a PET industry leader, operates across Asia, Europe, and the Americas.

EU imposes anti-dumping duties on Chinese PET imports

The European Commission has enforced definitive anti-dumping duties on specific polyethylene terephthalate (PET) imports from China, safeguarding EU companies and over 1,500 jobs while protecting the €5.5 billion PET market. These duties, ranging from 6.6% to 24.2%, were finalized following a comprehensive investigation exposing dumping practices that undercut EU industry prices. Lasting five years, these measures aim to uphold market stability.

The imposition of definitive anti-dumping duties on certain PET imports from China by the European Commission aims to protect EU companies and preserve more than 1,500 jobs while securing the €5.5 billion PET market.  Circular Plastic

The duties, which range from 6.6% to 24.2%, were confirmed after an extensive investigation revealed dumping practices undermining EU industry prices. Set for a duration of five years, these measures seek to maintain market integrity.

The European Commission has instituted lasting anti-dumping duties on particular PET imports from China, aiming to shield EU companies and sustain over 1,500 jobs, thus safeguarding the €5.5 billion PET market.

Ranging from 6.6% to 24.2%, these duties were affirmed post a thorough investigation exposing dumping practices eroding EU industry prices. Implemented for five years, these actions are intended to ensure market stability. Circular Plastic

NILIT, a global leader in Nylon 6.6 production for apparel and the owner of the SENSIL® brand, introduces SENSIL® Flow, an innovative approach to Nylon 6.6 circularity

SENSIL® Flow facilitates yarn, fabric, and apparel recycling, aiming to eliminate waste and reduce environmental impact. It engages the entire supply chain, emphasizing product design and partnerships to achieve true circularity.

Ilan Melamed, NILIT General Manager, emphasizes the necessity of a sustainable textile industry mindset shift. SENSIL® Flow enables yarn and fabric recycling, setting the stage for apparel recycling. Collaboration is key to this transformation.

Michelle Lea, NILIT’s Chief Marketing and Sustainability Officer, highlights the massive apparel waste issue. SENSIL® Flow reduces waste throughout production, enabling brands to design longer-lasting apparel that is easier to recycle. Circular Plastic

Current apparel recycling challenges include material sorting complexities, especially with blended fibers. SENSIL® Flow addresses these obstacles by providing mono-component fabrics, suitable for various end uses. These fabrics offer comfort stretch and are easily recyclable post-consumption, promoting circularity.

NILIT partners with recycling experts to efficiently recover and recycle fabric waste. High-quality recycled Nylon chips are reintroduced into the manufacturing process, promoting circularity. Certificates ensure transparency and accountability among partners committed to a circular textile economy. Circular Plastic

NILIT celebrates 50 years of excellence, offering premium Nylons like SENSIL® ByNature, BioCare, EcoCare, and WaterCare, all promoting sustainability. These responsible yarns provide designers with environmentally considerate performance fabrics to meet consumer demands.

Is natural hydrogen the key to a green revolution?

Burning it for electricity produces only water, paving the way for eco-friendly cities. In Mali’s Bourakebougou village, a plant has been running successfully for twelve years, setting a precedent for hydrogen extraction and management. Surprisingly, there’s been no pressure drop in 11 years of operation, unlike traditional gas and oil plants. Shallow basins are proving most promising, with hydrogen replenishing as it’s used.

This success sparks a global race for hydrogen, with investments pouring in from the US, Brazil, Morocco, France, and Australia. Circular Plastic

Estimates suggest vast untapped reserves underground, offering a potential solution to climate change and geopolitical energy concerns.

At the recent CERAWeek conference, hydrogen demand was a hot topic. The Biden administration is planning subsidies to boost its use, especially in energy-intensive industries where electricity falls short.

Natural hydrogen eliminates costly production processes, offering a cheaper, carbon-free, and renewable alternative. Projects like Neom in Saudi Arabia and European investments in green hydrogen are already underway. France may harbor the world’s largest natural hydrogen deposit. Circular Plastic

Italy too is exploring natural hydrogen, reflecting a global rush towards this promising energy source. With demand expected to skyrocket, the race for hydrogen supremacy has officially begun.