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Recycled Marine-Waste – India generates 26,000 tonnes of plastic waste every dayIndia generates 26,000 tonnes of plastic waste every dayIndia generates 26,000 tonnes of plastic waste every day 09-12-2023

The European Commission has announced a new provisional agreement that aims to “help make sustainable products the new norm” in the European Union. In particular, the provisional agreement for “more sustainable, repairable, and circular products” – which was reached between the European Parliament and the Council on the Ecodesign for Sustainable Products Regulation this week – aims to ensure that products “last longer, use energy and resources more efficiently, [are] easier to repair and recycle, contain fewer substances of concern, and include more recycled content,” while also “leveling the playing field for sustainable products on the EU’s internal market and strengthen the global competitiveness of businesses offering sustainable products.”  Recycled Marine-Waste

The new law, as first proposed by the European Commission last year, will build on the existing Ecodesign Directive by “progressively setting performance and information requirements for key products placed on the EU market.” The Commission says that it will “adopt and regularly update a list of products identified on the basis of a thorough analysis and criteria notably related to the EU’s climate, environment and energy efficiency objectives” in order to ensure “predictability and transparency” on which products will be covered and when.

The Commission – which proposes new EU laws and policies and ensures the proper application of existing legislation – confirmed that it will give priority to “highly impactful products, including textiles (especially garments and footwear), furniture (including mattresses), iron and steel, aluminum, tires, paints, lubricants and chemicals, as well as energy related products, ICT products and other electronics.”  Recycled Marine-Waste

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EU Green-Lights New Law to Ban on Destroying Unsold Clothing, Footwear

Man-made yarns – Ecodesign: EU one step closer to making sustainable products the norm 08-12-2023

Recycled Marine-Waste

Man-made yarns – Ecodesign: EU one step closer to making sustainable products the norm 08-12-2023

Man-made yarns

Crude Oil Prices Trend 

Crude Oil Prices Trend by Polyestertime

Crude Oil Prices Trend by Polyestertime

Fulgar, a Milan-based center of excellence in the production of man-made yarns, stands at the forefront of environmental responsibility with its revolutionary product, Amni Soul Eco

This innovative bio-degradable polyamide yarn, launched in 2014 in collaboration with the Rhodia-Solvay Group, has undergone further refinement, affirming its ability to rapidly decompose in marine environments without compromising on performance.

In response to the pressing challenges of environmental sustainability, Fulgar emphasizes the need for unprecedented action by governments, companies, and consumers alike. Microplastics, a burgeoning threat measuring less than five millimeters, result from the degradation of plastics and pose a serious risk to marine fauna and biodiversity. Fulgar takes a pioneering stance by producing biodegradable materials, such as Amni Soul Eco, which decompose twenty times faster in marine environments compared to conventional synthetic yarns.  Man-made yarns

Fulgar’s commitment to sustainability extends beyond the product itself. Amni Soul Eco is designed with a focus on reducing environmental impact during production, incorporating water recycling and greenhouse gas reduction treatments. The yarn’s bio-degradable component ensures rapid decomposition in both marine and soil environments, as confirmed by tests adhering to ASTM D5511 and ASTM D6691 standards.

This high-performance yarn has gained recognition from prestigious brands like Herno, Colmar, and Save the Duck, solidifying its reliability and versatility in the fashion industry. Amni Soul Eco not only meets the demands of eco-conscious consumers but also redefines standards without compromising style and performance. Man-made yarns

Fulgar’s proactive approach to sustainability aligns with the evolving market for ecological yarns, providing client companies with viable solutions to achieve their own sustainability objectives.

Amni Soul Eco’s technical specifications include compliance with Oeko-TEX STD 100 CLASS I Appendix 6 certification, ensuring data transparency in line with the Life Cycle Assessment (LCA) model. This model identifies and implements improvements that make both the product and production processes more sustainable. Fulgar invites the textile industry to seize this unique opportunity for real environmental impact reduction.

Man-made yarns

Linde has recently disclosed a significant augmentation in the production capacity of liquid hydrogen at its facility situated in McIntosh, Alabama

This enhancement enables the McIntosh facility to generate a noteworthy 30 tons per day of liquid hydrogen, primarily catering to the local merchant market.

The augmented capacity is in direct response to the escalating demand for hydrogen across various sectors, such as manufacturing and electronics, both from Linde’s existing customer base and potential new clients.

Moreover, the facility will play a crucial role in supplying hydrogen to Linde’s customers engaged in space launch activities and mobility solutions.  Man-made yarns

This expansion aligns seamlessly with Linde’s pre-existing hydrogen operations in the southeastern United States, contributing to an increased network density within the region.

The company has invested a substantial sum of approximately $90 million in this venture, signifying its commitment to meeting the burgeoning hydrogen needs in the market.

Todd Lawson, Vice President East Region at Linde, emphasized the company’s decade-long commitment to fortifying its hydrogen production and supply network in the U.S., solidifying Linde’s position as the largest supplier of liquid hydrogen in the country.

Lawson expressed pride in the successful and timely initiation of this project, attributing it to Linde’s technological prowess and operational expertise.  Man-made yarns

As the demand for liquid hydrogen continues its upward trajectory, Linde is poised to leverage its accumulated knowledge and cutting-edge technology to meet these evolving market requirements. This strategic move not only bolsters Linde’s market presence but also underscores its dedication to fostering sustainable solutions and innovation in the hydrogen sector.

Man-made yarns

Ecodesign: EU one step closer to making sustainable products the norm

EU legislators agree on Ecodesign rules, but fail to ban the destruction of unsold goods and ensure enforcement for products sold online.

The European Commission, Parliament and Council reached an agreement last night on a new framework to make products sustainable by design. The European Environmental Bureau (EEB) welcomes the ban on the destruction of unsold textiles as well as progressive provisions on cement and substances of concern, but lament the twofold failure to rule out the wasteful destruction of unsold electronics and provide a credible enforcement regime for products sold online.  Man-made yarns

The Ecodesign for Sustainable Products Regulation (ESPR) is one of the flagship initiatives of the Green Deal and Europe’s circular economy objectives. The policy is a revamp and extension of the existing Ecodesign and energy labelling framework, which only applies to electrical appliances. 

The new regulation will put in place minimum requirements such as efficiency, durability and recyclability for almost any product on the EU market. However, during the negotiations, some products such as military equipment and motor vehicles were removed from the scope. 

The regulation includes provisions to ensure the traceability of harmful substances in products, and the possibility to restrict them when they are a barrier to recycling or have a negative impact on human health. Man-made yarns

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Man-made yarns

In a noteworthy development, Trinseo, a major player in the polystyrene market, is implementing a significant reduction in the prices of polystyrene across Europe for the month of December

The company, known for its diverse range of polystyrene grades, is strategically revising its pricing strategy by lowering costs for all grades of polystyrene intended for general use (GPPS) and crystal applications (HIPS). This price adjustment spans across popular brands such as Styron, Styron A-Tech, and C-Tech.  Man-made yarns

Trinseo has communicated that the reduction in prices amounts to a substantial 90 euros per ton. This move is indicative of the company’s commitment to maintaining competitive pricing and adapting to market dynamics. Notably, this marks the second consecutive reduction in prices, following a previous cut of 125 euros per ton announced in November. The successive nature of these adjustments underscores the company’s responsiveness to market trends and its proactive approach in managing pricing structures.

The impact of this price drop extends across the entire spectrum of polystyrene grades, emphasizing Trinseo’s broad commitment to providing cost-effective solutions for various applications.

The affected grades include those catering to general use (GPPS) as well as crystal grades (HIPS). The price cut applies uniformly to products marketed under well-known brands such as Styron, Styron A-Tech, and C-Tech, further emphasizing the comprehensive nature of this strategic pricing move.  Man-made yarns

Trinseo’s decision to implement these price reductions aligns with the company’s objective of enhancing competitiveness, fostering market accessibility, and maintaining a dynamic response to evolving economic conditions. The consecutive reductions in November and December showcase Trinseo’s agility in navigating market fluctuations and its dedication to delivering value to its customers in the polystyrene segment.

Man-made yarns

Synthos signs a Memorandum of Understanding with Kumho Tire to jointly develop sustainable tire raw materials

Kumho Tire chooses Synthos as one of its key partners for sustainable development and seals the partnership during a ceremony in South Korea.

Synthos, a leading global producer of synthetic rubber, has announced the signing of a Memorandum of Understanding (MOU) with Kumho Tire, a leading South Korean tire manufacturer, for the joint development of sustainable tire raw materials.

Under the MOU, the two companies will conduct a joint research and development project for Neodymium-Butadiene rubber using Bio-Butadiene and expand the use of environmentally friendly synthetic rubber in tire manufacturing.

Dr. Malte Wohlfahrt, R&D Director, Synthos Synthetic Rubber, emphasized the importance of collaboration in the research and development of sustainable rubber and tire materials. “We are very pleased to be selected as one of Kumho Tire’s key partners to strengthen its efforts to develop environmentally friendly tires. Man-made yarns

We strongly believe that we have the best chance to contribute to net zero mobility if we can work together with industry leaders like Kumho Tire, who has already produced tires made from 55% sustainable raw materials in 2022 and is currently developing tires made from 80% sustainable raw materials that will be launched by the end of 2023. Kumho Tire’s impressive experience in developing tires with a lower carbon footprint combined with Synthos’ extensive expertise in sustainable synthetic rubber will enable further carbon footprint reduction towards our shared goal of carbon neutrality by 2050.”

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Synthos signs a Memorandum of Understanding with Kumho Tire to jointly develop sustainable tire raw materials

Critical raw materials? In an electric car you need 207 kilos

A comprehensive study conducted by Intesa Sanpaolo, as presented in the ‘Med & Italian Energy Report 2023,’ sheds light on the weighty matter of minerals required for this paradigm shift. The study not only emphasizes the quantities involved but also addresses the geographical concentration of crucial minerals, highlighting potential challenges for Europe.  Man-made yarns

The sheer weight of the matter is evident in the fact that an electric car necessitates an average of 207 kilograms of diverse minerals, such as graphite, copper, cobalt, nickel, rare earths, lithium, and manganese. This stands in stark contrast to the 33.6 kilograms required for a traditional internal combustion engine vehicle, marking a sixfold increase. The report, presented to the European Parliament by the SRM study center linked to the Intesa Sanpaolo group, underscores the significance of CRM in the transition.

The distinction between critical raw materials and rare earths is pivotal in the study. While rare earths like Scandium, Yttrium, and Lanthanum find marginal use in the automotive sector, the primary focus is on critical raw materials. Solar photovoltaics, wind turbines, lithium-ion batteries, and electric motors are also examined for their mineral requirements. For instance, offshore wind turbines demand nine times more CRM than a conventional gas plant.  Man-made yarns

Director General of the SRM, Massimo Deandreis, raises concerns about the territorial concentration of key minerals, such as lithium, cobalt, copper, and rare earths. He emphasizes that Europe’s reliance on specific regions exposes the European Union to geopolitical risks, necessitating strategic planning to mitigate these challenges.

The report elucidates the global distribution of these critical minerals, with significant shares located in countries like Congo, Australia, China, and South Africa. The Mediterranean region, including European countries, is notably deficient in these resources, except for Morocco, which ranks among the top three global producers of phosphorus.  Man-made yarns

In response to these challenges, the European Union has proposed the Critical Raw Materials Act in 2023. This legislative framework aims to secure a safe and sustainable supply of critical raw materials, outlining objectives such as 10% of annual EU consumption covered by internal extraction, 40% by internal processing, 15% by internal recycling, and a cap of 65% covered by a single third country. As Europe strives to meet its 2050 objectives, the study underscores the imperative of addressing CRM dependencies for a successful energy transition.

The issue of critical raw materials (CRM) essential for the transition to a green economy has come under scrutiny, particularly in the context of electric vehicles (EVs)

End of take-make-waste economy impossible without recycling of unsold goods

On Monday, EU negotiators reached a provisional agreement on the Ecodesign for Sustainable Products Regulation, a key part of Europe’s strategy to foster a circular economy.

This regulation aims to make products more durable, reusable, upgradable, reparable, recyclable, and easier to maintain. It targets a range of products including textiles and footwear and intermediate products.  Man-made yarns

EuRIC, the voice of Europe’s recycling industries, welcomes the agreement, which incorporated most of the recycling industries’ main points, such as the compliance of online marketplaces with EU legislation, the requirement for transparency in reporting the destruction of unsold goods, and the introduction of the “Digital Product Passport”.

However, we regret the fact that the imposed direct ban on the destruction of unsold textiles and footwear fails to consider the role of recycling. Ending the take-make-waste cycle (linear economy model) is a significant step towards circularity but is impossible without recycling operations.

To equate recycling with destruction contradicts the very objectives of the Circular Economy Action Plan. The path to circularity should be defined by recycling operations, providing a second life to materials.  Man-made yarns

Recycling is not destruction, but a resource recovery process, crucial for extending the lifecycle of materials.

Therefore, we strongly urge lawmakers to correct this miscalculated oversight and include recycling as a possibility to treat unsold goods, whenever reuse is not possible.

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End of take-make-waste economy impossible without recycling of unsold goods

Sustainable fuel – Innovative bio-based aromatics pave the way for 100% sustainable aviation fuel 07-12-2023

Man-made yarns

Hydrogen Cars – Recover™ And Valdese Weavers Partner For Circularity In The Home Textiles Industry 11-11-2023

Hydrogen Cars

Do Hydrogen Cars Waste Water?

In recent years, hydrogen-powered cars have gained attention as a potential solution to reduce greenhouse gas emissions and combat climate change. These vehicles use hydrogen fuel cells to generate electricity, emitting only water vapor as a byproduct. However, a common question arises: do hydrogen cars waste water? Let’s explore this topic and shed light on the matter.

Hydrogen Cars and Water Consumption

Contrary to popular belief, hydrogen cars do not waste water. The water vapor emitted from the tailpipe of a hydrogen car is a byproduct of the chemical reaction that occurs within the fuel cell. This reaction combines hydrogen fuel with oxygen from the air, resulting in the production of electricity and water vapor. Therefore, the water vapor released is simply a natural consequence of the car’s operation and does not contribute to water waste.  Hydrogen Cars

Water Recycling in Hydrogen Cars

It is important to note that hydrogen cars have a water recycling system in place. This system collects and recycles the water vapor produced during the vehicle’s operation. The collected water is then reused within the fuel cell, ensuring a closed-loop system that minimizes water consumption. This recycling process further emphasizes the efficiency and sustainability of hydrogen cars.

FAQ: Frequently Asked Questions

Q: Can the water emitted by hydrogen cars be used for other purposes?
A: The water vapor emitted by hydrogen cars is generally in small quantities and not suitable for use in other applications. It is primarily released into the atmosphere as harmless water vapor.  Hydrogen Cars

Q: How does the water recycling system in hydrogen cars work?
A: The water recycling system in hydrogen cars collects the water vapor emitted during operation, purifies it, and reintroduces it into the fuel cell. This closed-loop system ensures minimal water consumption.

Q: Are hydrogen cars more water-efficient than traditional combustion engine cars?
A: Yes, hydrogen cars are more water-efficient than traditional combustion engine cars. While traditional cars emit pollutants and do not generate water as a byproduct, hydrogen cars produce only water vapor, making them environmentally friendly.

In conclusion, hydrogen cars do not waste water.  Hydrogen Cars

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Hydrogen Cars

Recover™ And Valdese Weavers Partner For Circularity In The Home Textiles Industry

November 9, 2023Valdese Weavers, a producer of decorative textiles in the United States for residential and contract markets, has partnered with global recycled cotton fiber producer, Recover™, to transform the home textile industry. The two innovative textile leaders, both at different stages of the supply chain, intend to capitalize on their combined expertise to drive the use of sustainable materials in the industry.

Valdese Weavers has more than 100 years of textile experience and works with a full range of furniture manufacturers, distributors, and retailers to deliver unparalleled design through their vertical manufacturing facilities. The company understands the importance of choosing responsible raw materials, and already offers a collection of environmentally conscious products. By partnering with Recover™, they can offer the highest quality decorative fabrics made with RCS/GRS verified Recover™ recycled fiber and help brands and retailers to reduce their environmental impact caused by virgin raw material production.  Hydrogen Cars

Blake Millinor, President and CEO of Valdese Weavers, commented: “We are proud to partner with Recover™ as a natural fiber platform for our customers searching for sustainable fabrics. Recover™ compliments our sustainable product offering by helping create a more circular material solution. We are excited to be working with the Recover™ team to tell this unique story and develop more responsible textile solutions for our customers”.

Recover™ has perfected the art and science of scaled production of recycled cotton fiber over more than 75 years, and today, the company is supported by leading institutional investors including STORY3 Capital, Goldman Sachs, Fortress Investment Group and Eldridge Industries.  Hydrogen Cars

Its recycled cotton fiber is fundamentally transforming the textile industry, making significant environmental savings compared to virgin and organic cotton, and it is one of the most sought-after fibers in the recycled materials space. The integration of Recover™ fiber into Valdese Weaver’s product lines, enables the textile mill to remain frontrunners in delivering sustainable and innovative fabrics, and accelerate the production of low-impact products such as sofas, cushions, and curtains.

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Hydrogen Cars

Amcor to source mechanically recycled polyethylene from NOVA Chemicals

The multiyear collaboration will focus on the incorporation of mechanically recycled polyethylene resin in flexible packaging films.

Amcor has unveiled a Memorandum of Understanding (MOU) with sustainable polyethene producer Nova Chemicals Corporati  Hydrogen Cars

This multiyear collaboration focuses on Amcor’s commitment to circular content, emphasising the incorporation of mechanically recycled polyethene resin (rPE) in flexible packaging films.

Fuelling circular content with SYNDIGO rPE resin

The heart of this collaboration lies in the supply agreement that positions Amcor to procure SYNDIGO rPE resin.  Hydrogen Cars

This resin, scheduled to be produced at NOVA Chemicals’ mechanical recycling facility in Connersville, Indiana, is anticipated to commence operations as early as 2025.

Amcor flexibles North America president Fred Stephan expressed enthusiasm, stating: “This is an exciting opportunity for us to supplement our rPE supply as we strive to achieve a 30% recycled material usage across our global portfolio by 2030.”

Driving sustainable practices

Amcor’s strategic move aligns with its global vision to foster sustainability and packaging circularity.  Hydrogen Cars

By integrating rPE into flexible packaging films, the company aims to assist brand owners in meeting recycled content targets, reducing greenhouse gas emissions, and actively contributing to the preservation of the environment.

NOVA circular solutions vice-president Greg DeKunder shared the sentiment, stating: “Reshaping plastics for a better future will take collaboration within our industry, and we share Amcor’s commitment to further global packaging circularity.”

NOVA Chemicals’ expansion to propel circular solutions

In parallel, NOVA Chemicals unveiled plans to expand its recycling footprint across North America in the coming years.  Hydrogen Cars

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Hydrogen Cars

Honda, Mitsubishi Chemical Develop Colored Acrylic Resin for Car Bodies

Article-Honda, Mitsubishi Chemical Develop Colored Acrylic Resin for Car Bodies

Mitsubishi Chemical and Honda Motor are jointly developing a PMMA (polymethyl methacrylate acrylic) acrylic compound for automotive body components such as doors and front fenders. Two concept models — the Sustaina-C and Pocket concept cars — using these materials are exhibited at the Honda booth in the Japan Mobility Show 2023 which concludes on Nov. 5, 2023, in Tokyo.  Hydrogen Cars

Painted steel is the most commonly used material for automobile bodies, but Mitsubishi Chemical and Honda aim to transform the status quo by developing a new acrylic resin material that can be adopted for doors, hoods, fenders, and other automotive body parts. The compound is composed of acrylic resin and rubber particles to improve the impact resistance required for automobile bodies.

Acrylic resins are highly transparent and can be toned to a variety of colors, enabling manufacturers to create glossy surfaces simply by adding colorants. It also helps reduce CO2 emissions generated in the painting process.  Hydrogen Cars

Furthermore, acrylic resin is suitable for recycling because it can be decomposed into acrylic raw materials at high yields by heating. With a view to starting operation of a recycling plant in fiscal 2025, Mitsubishi Chemical aims to commercialize an acrylic resin molecular recycling business. Closed-loop recycling trials conducted in collaboration with Honda and Microwave Chemical Co. Ltd. have yielded recycled products comparable in quality to conventional products. Mitsubishi Chemical expects to reduce greenhouse gas (GHG) emissions through this technology over the entire product life cycle by about 50% compared with current practices.  Hydrogen Cars

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Honda, Mitsubishi Chemical Develop Colored Acrylic Resin for Car Bodies

The tech to recycle clothes is only just being invented

The vast waste and pollution caused by the fashion industry has made recycling clothes a top priority, but only now are simple tasks like pulling the sole off a shoe being done by machines.

CETIA, a company in the southwest of France is finally offering some mechanical solutions to the challenges of recycling clothes.

Its research team has invented a machine that uses artificial intelligence to scan garments, identify hard elements like zippers and buttons, and use a laser to cut them out.  Hydrogen Cars

It has also built a machine that grabs shoes in a large mechanical arm and yanks off the soles.

In a world of space travel and vaccines, that may seem a relatively rudimentary piece of technology, but it had simply never been done before.

“It was a chicken and egg question. No one was recycling soles because we couldn’t separate them from the shoe, and no one was separating them because there was no recycling,” said Chloe Salmon Legagneur, director of CETIA.

Previously, recyclers had to bake the shoes for many hours to melt the glue and then pull the sole off by hand.  Hydrogen Cars

“There’s nothing spectacular in what we’ve done,” Legagneur said. “But we’ve done it.”

For now, barely one percent of textiles in Europe are turned back into new clothes. Most end up as housing insulation, padding or asphalt for paving roads.

That is because clothes are usually a complex mix of materials that must be separated carefully to keep the fibers in good condition if there is any hope of respinning them into new garments.

Usually done by hand, CETIA says its AI-laser machine can do this at a much faster rate that is rapidly evolving as it perfects the technology.

It also has machines that can sort clothes by color and composition at a rate of one per second.

The reason these inventions are finally emerging is that tough new European rules are imminent that will force clothing companies to use a set amount of recycled fibers in their garments.  Hydrogen Cars

CETIA’s work is backed by big retailers like Decathlon and Zalando who are urgently looking for industrial-scale solutions.

There are also political incentives. The French government sees the potential for new manufacturing jobs if recycling technology allows it to deal with some of the 200,000 tonnes of textile waste currently being shipped abroad each year.

CETIA’s focus is on preparing textiles for reuse. Other companies must now start melting down the separated soles and turning them into new ones.

But it is an important first step.  Hydrogen Cars

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The tech to recycle clothes is only just being invented

Is Piovan Using Too Much Debt?

The external fund manager backed by Berkshire Hathaway’s Charlie Munger, Li Lu, makes no bones about it when he says ‘The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.’ So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt can sink a company. We can see that Piovan S.p.A.  does use debt in its business. But should shareholders be worried about its use of debt?

What Risk Does Debt Bring?

Debt is a tool to help businesses grow, but if a business is incapable of paying off its lenders, then it exists at their mercy.  Hydrogen Cars

Ultimately, if the company can’t fulfill its legal obligations to repay debt, shareholders could walk away with nothing. While that is not too common, we often do see indebted companies permanently diluting shareholders because lenders force them to raise capital at a distressed price. Having said that, the most common situation is where a company manages its debt reasonably well – and to its own advantage. The first step when considering a company’s debt levels is to consider its cash and debt together.

How Much Debt Does Piovan Carry?

As you can see below, Piovan had €174.0m of debt, at June 2023, which is about the same as the year before. You can click the chart for greater detail. However, because it has a cash reserve of €73.8m, its net debt is less, at about €100.3m.  Hydrogen Cars

A Look At Piovan’s Liabilities

According to the last reported balance sheet, Piovan had liabilities of €207.6m due within 12 months, and liabilities of €140.0m due beyond 12 months. Offsetting this, it had €73.8m in cash and €106.4m in receivables that were due within 12 months. So its liabilities total €167.4m more than the combination of its cash and short-term receivables.

While this might seem like a lot, it is not so bad since Piovan has a market capitalization of €469.5m, and so it could probably strengthen its balance sheet by raising capital if it needed to. But it’s clear that we should definitely closely examine whether it can manage its debt without dilution.  Hydrogen Cars

In order to size up a company’s debt relative to its earnings, we calculate its net debt divided by its earnings before interest, tax, depreciation, and amortization (EBITDA) and its earnings before interest and tax (EBIT) divided by its interest expense (its interest cover). Thus we consider debt relative to earnings both with and without depreciation and amortization expenses.

Piovan has a low net debt to EBITDA ratio of only 1.5. And its EBIT covers its interest expense a whopping 30.6 times over. So you could argue it is no more threatened by its debt than an elephant is by a mouse. On top of that, Piovan grew its EBIT by 69% over the last twelve months, and that growth will make it easier to handle its debt. There’s no doubt that we learn most about debt from the balance sheet. But it is Piovan’s earnings that will influence how the balance sheet holds up in the future. So when considering debt, it’s definitely worth looking at the earnings trend.  Hydrogen Cars

Finally, while the tax-man may adore accounting profits, lenders only accept cold hard cash. So we clearly need to look at whether that EBIT is leading to corresponding free cash flow. Over the most recent three years, Piovan recorded free cash flow worth 76% of its EBIT, which is around normal, given free cash flow excludes interest and tax. This cold hard cash means it can reduce its debt when it wants to.

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Is Piovan Using Too Much Debt?

Chlorophyll Water launches 100% rPET bottles with Clean Flake technology

Chlorophyll Water has transitioned to bottles made from 100% rPET with Clean Flake technology. These rPET bottles are manufactured from food-grade PET which is recycled as per the technologies approved by the US FDA and European Food Safety Authority (Efsa) for food-grade recycled material and repurposed into new PET bottles.

“As a brand, Chlorophyll Water is committed to sustainability and implementation of new ideas and technology which can improve the impact that packaging has on our environment,” explains founder Matt Levine, “in utilising bottles made from 100% recycled plastic, our intention is to make a meaningful environmental impact – addressing the plastic waste challenge, minimising our use of virgin, fossil-fuel based packaging.”

To accompany their bottle made from 100% recycled plastic, Chlorophyll Water selected Avery Dennison’s Clean Flake label technology as their label to help improve the yield of high-quality, food grade PET in the recycling process.  Hydrogen Cars

The technology is built on a water-based adhesive technology that is claimed to separate cleanly from PET during the caustic wash stage of the recycling process.

Chlorophyll Water is a plant-powered purified water enhanced by nature with the addition of Chlorophyll, a key ingredient and the distinct green pigment in plant life. It is carbon-filtered using triple filtration and is UV-treated for a high level of purity.

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Chlorophyll Water launches 100% rPET bottles with Clean Flake technology

Circular Textiles – One million tonnes of plastic additives pollute the world’s oceans each year 10-11-2023

Hydrogen Cars

Flake sorting –  Demystifying Chemical Recycling: An Emerging Solution or a New Set of Challenges? 09-11-2023

Flake sorting

Crude Oil Prices Trend 

Crude Oil Prices Trend by Polyestertime

Crude Oil Prices Trend by Polyestertime

Tomra presents new Innosort Flake

Its enhanced features enable simultaneous flake sorting by polymer, colour and transparency, achieving unmatched quality even from highly contaminated inputs.

With the introduction of the new Innosort Flake, Tomra provides the ideal flake sorting solution to help the industry recover more recyclable materials from any waste stream with maximum yield.  Flake sorting

Alberto Piovesan, Global Segment Manager Plastics at Tomra Recycling Sorting, explains: ”Given recycled content targets in Europe and elsewhere, the market needs to prepare for future demand. Recyclers need solutions to produce high-quality post-consumer recycled content in sufficient volumes.

At the same time, they strive for reliable sorting results and operational flexibility. With the new Innosort Flake, this is now possible.”  Flake sorting

Any colour, any polymer

Equipped with a powerful sensor combination, the new Innosort Flake sorts polymers by material type and colour, removing any impurities to create pure fractions.

Thanks to its advanced near-infrared (NIR) spectrometer, the machine precisely detects various polymers, allowing for the recovery of recyclable materials from highly contaminated infeed. With this technology, plastics recovered from mixed waste, for example, can be sorted for recycling, providing access to more recyclable materials that otherwise would be lost or downcycled for lower-grade applications. For instance, polyolefins (PO), such as polyethylene (PE) and polypropylene (PP), are often found comingled in the same waste stream. With the new Innosort Flake, mixed plastic fractions that have been shredded and washed can be sorted into clean fractions of PET, PP and PE and other materials that meet the quality requirements for extrusion and the creation of high-quality post-consumer recycled (PCR) content.  Flake sorting

Moreover, plant operators profit from the machine’s unmatched colour sorting performance. Its enhanced optics, with a changeable colour background and dual-sided high-resolution cameras, detect millions of colours and create single-colour fractions. Its high contrast imaging can even differentiate between white opaque and natural, transparent and translucent flakes, reducing material losses and maximizing yield.

Piovesan adds: ”The new Innosort Flake is designed to sort any colour, any polymer, at the same time. It levels the playing field for recyclers and gives them maximum flexibility to respond to the respective market demands. If an operator wants to purify PET this month and produce a clean blue PP next month, it is technically possible with the new machine. What’s more, it is cost-effective.”  Flake sorting

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Flake sorting

Borealis, TotalEnergies Start Up Baystar PE Joint Venture

New unit brings Borealis’ proprietary Borstar PE technology to North America and completed the partners’ integrated petrochemicals venture

Borealis and TotalEnergies recently brought on stream their ambitious Baystar joint venture’s new 1.3-billion lb/yr (625,000 m.t.) in Pasadena, Texas, which brings to North America Borealis’ proprietary Borstar 3G technology and more than doubles the current production capacity at Baystar’s site.

Referred to as Bay 3, the unit completes the partners’ integrated petrochemicals venture, which includes the expanded Bayport PE facility, including two existing legacy PE units producing 881.8 million lb/yr, and the 2.2- billion lb/yr ethane cracker at the TotalEnergies Platform in Port Arthur, Texas, brought on stream in mid-2022.

Borstar technology has been shown to produce advanced value-added polymers with enhanced sustainability by enabling light-weighting and the incorporation of greater amounts of post-consumer recycled materials in a variety of end products, serving the energy, infrastructure and consumer products industries. Flake sorting

According to Baystar president, Diane Chamberlain, “Borstar technology enables our technical, production, and sales teams to collaborate in the creation of the highly customized products our customers require to remain competitive and meet consumer demands” She notes that these PFAS-free materials, enable more than 50% post-consumer recycled material in some end products. Also, due to their broad molecular weight distribution, Borstar PE offers superior physical properties with no need for process aids or additives.

Said Borealis CEO Thomas Gangl, “The arrival of Borealis’ proprietary Borstar technology in North America by way of Baystar marks, in line with our owners’ strategies, a crucial step for us in becoming a global leader in advanced and sustainable chemicals and material solutions,” Expanding and deepening our footprint through Baystar enables us to better serve customers and partners by offering improved access to Borstar based products produced right here in North America.”  Flake sorting

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Flake sorting

Opinion: Time to clear up the ocean-bound plastic issue

We need to demystify ocean-bound plastic and educate people on its potential

We all know that plastic in our oceans is an environmentally devastating problem that is only getting worse. According to the UN’s Sustainable Development Goals Report, over 17 million tonnes of plastic entered the ocean in 2021, and that number is set to double or even triple by 2040. The collection and recycling of ocean-bound plastic has great potential to address this spread, but sadly, not enough businesses and consumers understand what it is, which has led to a general misunderstanding of the category.

For many, recycled ocean-bound plastic conjures up images of plastic being pulled directly from the sea or from around the neck of a sea turtle, which is simply not the case. Plastic pulled from the ocean has already been degraded by the salt and sun, making it very difficult to recycle at scale.  Flake sorting

At best, well-meaning companies try to engage with consumers by using this emotive but misleading imagery as a shorthand – and, at worst, bad actors in the industry deliberately conjure this image in order to greenwash or generate confusion.

Our operating definition of ocean-bound plastic is inspired by the pioneering work of Distinguished Professor of Environmental Engineering and 2022 MacArthur Fellow, Dr. Jenna Jambeck, and her team. They utilised various criteria in their research, and it is important to consider these factors together, rather than looking at one aspect of the problem in isolation.

The country or region lacks proper waste management infrastructure and collection incentives.

The infrastructure is being overwhelmed by population growth and/or increased tourism.

There is a significant risk to wildlife and biodiversity if plastic contaminates their ecosystem.  Flake sorting

It is found within 50km (30mi) distance of an ocean coastline or major waterway that feeds into the ocean.

The Prevented Ocean Plastic programme focuses on addressing these concerns in tandem, working with at-risk coastal communities to create an intervention before this plastic reaches our waterways, where it can cause immeasurable harm.

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We’re supporting legal action against Coca-Cola, Nestlé and Danone for their misleading claims about recycling

Along with the Environmental Coalition on Standards (ECOS), we’re supporting the Bureau Européen des Unions de Consommateurs (BEUC) in filing a legal complaint to the European Commission against three food and drink giants, over their use of misleading ‘100% recyclable’ and ‘100% recycled’ claims on plastic water bottles sold across Europe.

What’s the problem?

We’ve likely all seen slogans on plastic water bottles, claiming that the bottle is ‘100% recyclable’ or ‘100% recycled’. However, claims such as these, commonly found on plastic water bottles all over Europe, are either vague, factually incorrect, or not substantiated, and may suggest that bottles can be recycled in an infinite circular loop, which is simply not true.  Flake sorting

Evidence shows that there is no such thing as truly circular plastic and that recycling – while less harmful than other methods of waste disposal – cannot solve the worsening crisis of plastic pollution. The process of recycling actually continuously degrades the properties of plastic, making ‘infinite’ recycling impossible. In fact, only 9% of plastic ever made has been recycled, and production of new plastic is now expected to triple by 2060.

These claims about recycling also fail to account for all the parts of a plastic water bottle, such as lids and labels, which are not made from fully – if at all – recycled plastic and are much less likely to be effectively recycled.

The reality is that single-use plastic is neither circular nor sustainable. Recycling can never catch up with the sheer volume of plastic produced on our planet.

Rosa Pritchard, ClientEarth lawyer

Quite simply, we are producing too much plastic, and people and planet are drowning in it. Recycling is not a satisfactory solution, and companies shouldn’t be implying to consumers that plastic bottles are ever a sustainable choice.  Flake sorting

What’s the legal action?

We’ve supported BEUC in raising an ‘external alert’ to the European Commission and the Consumer Protection Cooperation Network against Coca-Cola, Nestlé and Danone for suspected widespread infringement of consumer protection law.

An ‘external alert’ is an important tool that allows designated entities – such as BEUC – to submit complaints to the Consumer Protection Cooperation network and the European Commission, meaning they can submit evidence of business practices they suspect infringe consumer protection law directly to the enforcement authorities.

The external alert submitted here argues that the recycling statements on plastic water bottles, which are often reinforced by ‘green’ imagery and generic environmental catchphrases, may mislead consumers into viewing single-use bottles as a ‘sustainable’ choice, when this simply isn’t the case. The most sustainable way to consume water is using a refillable bottle and drinking tap water.  Flake sorting

The evidence is clear – plastic water bottles are simply not recycled again and again to become new bottles in Europe. A ‘100%’ recycling rate for bottles is technically not possible and, just because bottles are made with recycled plastic, does not mean they don’t harm people and the planet. Where waste can be recycled, consumers should keep up their good work. Recycling is less harmful than other disposal methods, like incineration or landfill. But it’s important companies don’t portray recycling as a silver bullet to the plastic crisis. Instead they need to focus efforts on reducing plastic at source. Companies are in a unique position to change how we consume but currently these claims – which we consider to be misleading – are making it hard for consumers to make good environmental choices.

Is recycling worthwhile?

Recycling is less harmful than plastic being incinerated or going into landfill. And consumers should still recycle wherever possible.  Flake sorting

But, the ‘recyclability’ of a plastic water bottle depends on lots of different external factors, such as local infrastructure when it enters the recycling system. In the EU, the recycling rate for plastic bottles is approximately 50%, with only 30% used to make new bottles. The remainder goes towards products like textiles, which are generally unrecyclable and more likely to end up in landfill, or an incinerator, causing pollution and contributing to climate change.

The combined effect of the claims on these bottles about recyclability risks persuading consumers across Europe that single-use plastic packaging does not harm the environment, while distracting attention from the urgent need to hugely reduce plastic production across the globe.  Flake sorting

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We’re supporting legal action against Coca-Cola, Nestlé and Danone for their misleading claims about recycling

 Demystifying Chemical Recycling: An Emerging Solution or a New Set of Challenges?

The escalating plastic pollution crisis and inefficiencies in the plastic recycling system have turned many against single-use plastics and led to national and state bans on some plastic packaging. Now, the fossil fuel and petrochemical industries have launched a category of plastic processing technology called chemical recycling or advanced recycling. The plastic industry describes it as a potential panacea that can clean up millions of tons of plastic waste produced annually. Is it everything claimed?

The Ocean Conservancy recently hosted a forum to discuss their findings after examining chemical recycling. The implications of this technology are intricate, and the technology is still evolving. However, the early evidence is that chemical recycling still requires immense energy, generating large amounts of planet-warming CO2. At the same time, it does not significantly reduce the volume of plastic toxins. Flake sorting

“Chemical recycling is an umbrella term that captures a suite of disparate technologies,” said Dr. Anja Brandon, Associate Director of U.S. Plastics Policy at the Ocean Conservancy. She suggested that fossil fuel and plastic companies fudge these terms to confuse consumers and policymakers. “These terms are constantly changing. Its ‘chemical recycling,’ ‘advanced recycling,’ ‘molecular recycling,’ and ‘renewable technologies.’ Different companies all use different terms.”

One clear message from the event was the importance of reducing the use of plastic. As much as 40% of plastic becomes single-use packaging, which accounts for much of the plastic pollution in the oceans and landfills. Flake sorting

“Recycling mitigates the harm of waste and extraction, but not as much, of course, as reuse and certainly reduction is our primary strategy,” said Lynn Hoffman, Co-President of Eureka Recycling in Minneapolis and National Coordinator for the Alliance for Mission-Based Recyclers.

Hoffman noted that mechanical recycling is not without its environmental flaws but suggests that most plastics, especially single-use plastic packaging, are not recycled because of the broken economics of today’s system.

It’s often cheaper to use virgin plastic because of the complexity and cost of sorting and processing plastic. Flake sorting

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 Demystifying Chemical Recycling: An Emerging Solution or a New Set of Challenges?

Creating a Plastics Circular Economy in the Food Industry

Recently, there has been a push for the food industry to trade plastics for new packaging alternatives. However, as industry leaders work together to lower the carbon footprint of food packaging, it’s imperative to take a fact-based approach to the sometimes polarizing topic of plastic.

The concept of simply eliminating so-called problematic materials sounds like a quick and easy solution; however, these reflex reactions to misguided findings and policies just further complicate the problem. In most cases, this shifts the issue to a new material, which has its own challenges.  Flake sorting

The design of plastic materials and recycling technologies has continued to advance, making plastics, such as polystyrene (PS), far more eco-friendly than many people realize.

What makes a material sustainable?

One way to understand the full impact and environmental costs of a product is by using a lifecycle assessment, or LCA. A full LCA examines each step of the product’s entire cycle. It accounts for all energy, raw materials, and emissions involved at each stage of a product’s life. Only when we understand a product’s full life cycle can we accurately compare our options.

However, once a product is produced, that’s not the end of its existence. Additional inputs often add to its life cycle impact at other stages along the way to fulfilling its purpose. For example – shipping and distribution. The impact of shipping lighter materials, such as plastic, will be significantly lower as opposed to heavier materials, like metal or glass, due to the reduced fuel use.  Flake sorting

While an LCA is all-inclusive, there are methods to break down the assessment into separate, trackable portions. The product’s carbon footprint (PCF), for example, is specifically the equivalent amount of CO2 that is released into the earth’s atmosphere as a result of a product’s production, use, and afterlife. Product carbon footprint can be a very useful metric for estimating a product’s environmental impact since CO2 is a major contributor to climate change.

After use, the final resting place for the material contributes to the footprint, too. This can help demonstrate the benefits of circularity. If materials end up in landfills, each step of its life and all the inputs used to make that product need to be repeated and made again. However, if it can be recycled, the original inputs used to create the product stay in the value chain, reducing the need for that environmental impact to be repeated. Closing the loop with waste prevention and recycling allow for the life cycle of this valuable material to be infinite. To be repurposed and reused, again, and again. Flake sorting

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Creating a Plastics Circular Economy in the Food Industry

Lenzing Advances Circularity Through Strategic Industry Partnerships and Value Chain Innovation

A strong commitment to achieving textile circularity, forging industry partnerships, and realizing value chain innovation are infused in Lenzing and the TENCEL™ brand’s strategic DNA. This year, the company continued to introduce exciting collaborations and initiatives, launching innovative products and creating added value for supply chain partners.

Incorporating TENCEL™ branded fibers, Japanese denim mill Kaihara and Lenzing have elevated their long-standing partnership this year, developing several innovative denim garments with finishing technology by Jeanologia. The capsule collection showcases Kaihara’s craftsmanship and the versatility of TENCEL™ fibers in high-end denim fashion worldwide.  Flake sorting

Lenzing and Kentaur also launched a collection of uniforms for culinary professions. These innovative uniforms are made from a blend of 50% TENCEL™ branded lyocell fibers with REFIBRA™ technology and 50% recycled polyester, to give textile waste a second life while maintaining a high level of quality and comfort.

Regarding fibers, Lenzing has extended the REFIBRA™ technology to LENZING™ ECOVERO™ branded viscose fibers with 20% of recycled content, and announced the expansion of the production of their EU Ecolabel certified[1] responsible viscose fibers at Lenzing’s Purwakarta site in Indonesia. The site will also produce LENZING™ ECOVERO™ black specialty fibers by the end of 2023.  Flake sorting

To address the industry’s increasing supply chain complexities, Lenzing partnered with supply chain solutions company project44™ to pioneer a real-time ocean shipment tracker that aims to enhance the transparency of the global fiber supply chain through greater carbon emission visibility. The tracker empowers Lenzing’s customers with accurate real-time insights on fiber orders, supporting Lenzing’s commitment to digital transformation and supply chain transparency in textiles and nonwovens.

The launch of the pilot “Start with the Original” campaign in China strives to enhance awareness of the correct usage of trademarks to safeguard industry partners and consumers. Harold Weghorst, Global Vice President of Marketing & Branding, Lenzing AG reaffirmed the education and training initiatives of the campaign that will help sustain a healthy business environment in the domestic ecosystem.  Flake sorting

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Lenzing Advances Circularity Through Strategic Industry Partnerships and Value Chain Innovation

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