ChemicalRecycling PETBottle PlasticDryer 16-04-2021

ChemicalRecycling PETBottle PlasticDryer

Crude Oil Prices Trend 

Crude Oil Prices Trend  Polyestertime

-MEGlobal lowers May contract price of MEG in Asia by USD100 per tonne

MEGlobal, the world leader in the production of monoethylene glycol (MEG) and diethylene glycol (DG), nominated the May contract price of MEG for Asia at USD830 per tonne on April 12, which is USD100 per tonne below the April level, the press reported. – company service.

The price was quoted on terms of delivery CFR Asia.

The Asian MEG market is under pressure amid sluggish demand and an upcoming increase in material supply due to new production launches.

Thus, according to market sources, 2.6 million tons of new capacities are expected to be commissioned at the end of April, which may further affect market prices.

Earlier it was noted that MEGlobal raisedthe April contract price of the MEG for Asia at USD140 per tonne compared to the level of the previous month – up to USD930 per tonne, CFR Asia.

MEGlobal lowers May contract price of MEG in Asia by USD100 per tonne

-Why BOPP film market weakens?

Since April, BOPP film market has continued to decline. As of April 12, in East China, mainstream offers for thick film were around 10,600-11,200yuan/mt, down nearly 11% from the high point in March.

The reason is, on the one hand, market price is high in the former stage; on the other hand, the raw materials continue to be poor after mid-March, and downstream demand turns weak after entering April.

As for the feedstock PP, although the market was supported by the plant maintenance, with the continuous decline of PP futures, feedstock PP price drops accordingly.

On Apr 14, in East China, mainstream traders offer for homo PP raffia at 8,630-8,700yuan/mt. The decline in raw material prices also means the weakening support to the BOPP market from the cost side.

ChemicalRecycling PETBottle BOPPFilm

-Major Asian Manufacturer Raises May PVC Prices for China by USD30 / Ton

A major petrochemical producer in Northeast Asia (NEA) has raised its polyvinyl chloride (PVC) bids for supply to the Chinese market in May by USD30 per tonne compared to April levels, market sources told ICIS .

Thus, the company’s May price proposals for China were announced at USD1,540 per ton, CFR China, without providing a discount for the supply of significant volumes of material, market sources said.

For the markets of Southeast and North-East Asia (NEA), as well as for other regions, the company named the May PVC price offers at USD1,490 per ton, FOB NEA / SEA / other regions, which is also USD30 per ton higher than the level April. In these cases, the discount does not apply either.

The recent spike in coronavirus cases in India and Bangladesh has resulted in a quarantine and a decrease in buying activity in the PVC market. However, market participants said that the supply of the material in global markets remains limited due to the small export of batches of PVC from the United States amid disruptions to production in the United States due to a winter storm in mid-February.

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-Minimum Energy, Maximum Savings. Dry Better with ULTRA

The ULTRA dryer, from Maguire Products, is an energy-efficient dryer for use in the plastics industry.

Based on unique vacuum drying technology, ULTRA is an energy-efficient dryer for use in the plastics industry.

Conventional desiccant dryers typically use 45 Watts/lb/h to dry material. ULTRA uses just 4 Watts/lb/hr to dry.

On a process running 220 lb/hr, an ULTRA dryer is said to save up to $6,494 annually doing the same job. This cost is based on 220 pounds (100 kilograms) per hour, 6000 hours per year, kW cost at a national average of $0.12 per kW.

ULTRA dryer also reduces your Global Warming Potential (GWP). On a process running 220 lb/hr ULTRA saves 54,120 kW a year—a saving of 38.6 tons CO2 each year. That’s the equivalent of planting 645 new trees, every year, for 10 years.

Minimum Energy, Maximum Savings. Dry Better with ULTRA

-Huge Price Gap between Contract and Spot Resin Markets Grows

The start of a new month and quarter brought slight relief to the spot resin markets. Last week saw a steady flow of spot demand, with a well-mixed supply of truckload and railcar volumes, reports the PlasticsExchange in its Market Update. Buyers showed a bit of patience, taking some pressure off the top-side of the market and allowing resin prices to ease up.

Spot polyethylene (PE) averaged about $0.02/lb lower and varied by grade. Polypropylene (PP) prices, taking a cue from still sliding PGP monomer costs, backed off $0.04/lb this week and have now retreated $0.07/lb from at least the interim

The start of a new month and quarter brought slight relief to the spot resin markets. Last week saw a steady flow of spot demand, with a well-mixed supply of truckload and railcar volumes, reports the PlasticsExchange in its Market Update. Buyers showed a bit of patience, taking some pressure off the top-side of the market and allowing resin prices to ease up.

Spot polyethylene (PE) averaged about $0.02/lb lower and varied by grade. Polypropylene (PP) prices, taking a cue from still sliding PGP monomer costs, backed off $0.04/lb this week and have now retreated $0.07/lb from at least the interim top. The rally might be tired, but a major down leg of the cycle does not yet seem imminent. The PlasticsExchange notes that it is trying to restock, but finding it difficult to find fresh domestic prime material.

ChemicalRecycling PETBottle BOPPFilm

-US crackers will be fuelled by hydrogen to reduce carbon footprint

US crackers will eventually be fuelled by hydrogen rather than natural gas as the main energy source to significantly bring down their carbon footprint, the former CEO of Equate and MEGlobal said.

“What I think will happen in the US is a lot of the crackers will go to hydrogen as their fuel because crackers are huge consumers of energy. And once hydrogen becomes the driver, the plastic itself becomes a lot greener in terms of its carbon footprint,” said Ramesh Ramachandran in an interview with ICIS.

Ramachandran was CEO of Kuwait-based polyethylene (PE) producer EQUATE from 2017-2020 and CEO of UAE-based ethylene glycols (EG) producer MEGlobal from 2009-2017. He is now principal at consultancy MEGVIN Advisors.

Adding recycled content to plastics coming out of downstream units would further improve the environmental profile of the crackers, he noted.

ChemicalRecycling PETBottle BOPPFilm

-Novatec Offers Industry’s Only Self-Generating Nitrogen Dryer

Novatec’s NitroDry is the self-generating nitrogen, non-oxidizing dryer, designed to displace oxygen in the insulated drying hopper with low dewpoint nitrogen to avoid resin breakdown and discoloring.

Many specialty resins are sensitive to the drying process and therefore subject to yellowing, oxidation, degradation and brittleness caused by drying in an oxygenated hopper. Designed to solve these issues, Novatec’s patented NitroDry is the industry’s first self-generating nitrogen, non-oxidizing dryer. It works by displacing oxygen in the insulated drying hopper with low dewpoint nitrogen to avoid resin breakdown and discoloring associated with prolonged exposure to heat and oxygen.

This small dryer is self-contained and available in throughputs from 7 to 50 lbs/hr, making it ideal for on-throat or press-side drying of oxygen-sensitive materials such as nylons, PBT, PLA and TPU’s.

Novatec Offers Industry’s Only Self-Generating Nitrogen Dryer

-Petrochemicals demand and the pandemic: we continue to stumble around in the dark

We remain completely in the dark on petrochemicals demand and we will remain in the dark if we continue to rely on the old ways of measuring consumption.

Take as examples polyethylene, polypropylene and polystyrene which have benefited from the pandemic-driven rise in demand for takeaway. How long will this last?

Critically, also, we must understand the extent to which government stimulus will continue to shape markets.

How much will further government handouts be spent as opposed to save? What will be the scale and impact of infrastructure spending?

We need entirely new demand-growth models if we are going to get anywhere as the slide below indicates.

ChemicalRecycling PETBottle BOPPFilm

-Industry must act fast on plastics recycling as societal pressure mounts

The chemical industry must accelerate investment in plastics recycling to achieve scale as activist and government pressures mount, the former CEO of Equate and MEGlobal said on Tuesday.

“Both the activists and the industry are in full agreement on the clear and present danger posed by plastic waste. However, I think the pace of change is too slow – industry has to move a lot faster before society looks to the producers as the problem and who have to fix it,” said Ramesh Ramachandran.

“If the industry wants to double in capacity in 5-10 years without a clear solution in 2-3 years for plastic waste, this will not end well for industry. Policy, fines and taxes will beat them to the punch,” he added.

Ramachandran was CEO of Kuwait-based polyethylene (PE) producer EQUATE from 2017-2020 and CEO of UAE-based ethylene glycols (EG) producer MEGlobal from 2009-2017. He is now principal at the consultancy MEGVIN Advisors.

ChemicalRecycling PETBottle BOPPFilm

-Italian garment tech exhibition ITMA 2023 opens space application

As the world emerges from the pandemic, the organisers of textile and garment technology exhibition, ITMA have suggested that the highly anticipated ITMA 2023 is expected to enjoy the same success as it did in Milan in 2015. The organisers invite technology manufacturers to witness new trends, launch of innovative solutions and live machinery demonstrations.

“ITMA is the only place where the entire value chain is present. As we invite the world’s most reputable technology manufacturers to participate, expect the momentum to build up from now till ITMA opens its doors in 2023. In the meantime, join ITMAnetwork to get timely updates,” ITMA said in a press release.

“With Covid-19, many international events within the textile industry were postponed or cancelled. During this period, we have continued with our R&D efforts and will be leveraging the upcoming ITMA exhibition to launch our new machinery. We look forward to the face-to-face interactions with our customers and partners,” Beat Meienberger, CEO of Benninger AG said.

Italian garment tech exhibition ITMA 2023 opens space application

ChemicalRecycling PETBottle PlasticDryer

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