Circular Economy Composites Polymers 01-10-2019

Circular Economy Composites Polymers

Crude Oil Prices Trend

Crude Oil Prices Trend

-China’s SM supply will rise after National Day holiday

China’s styrene monomer (SM)supply will increase on higher inventories andmore domestic output in October despite severalupcoming plant turnarounds.

The inventory levels of SM in east China wereat 74,500 tonnes in the week ended 27September, a decrease of 12.5% week on weekbecause severe wind weather had led to a delayin arrivals totaling 40,000-50,000 tonnes.

Circular Economy Composites Polymers

-‘Concerns’ raised over biodegradable plastics

Speakers from across the plastics supply chain have explained that there is ‘concern’ in the industry with regards to biodegradable or compostable plastic packaging.

However, in response, others have said that the material can be a success if systems incorporating it are implemented correctly.

This was among the topics debated from a panel discussion at the annual Recoup Conference last Thursday (September 26), which was held at the KingsGate Conference Centre in Peterborough

The discussion moved on to biodegradable plastics following a speech from Liz Smith, global packaging director of haircare at Unilever, who was discussing her company’s efforts to increase the recycling rate of its product packaging.

Circular Economy Composites Polymers

-Is plastic the enemy?

Is plastic the enemy? To watch Blue Planet and listen to Greta Thunberg, you might think so.

But there are some things that plastic simply does better than the alternatives, which are not necessarily more eco-friendly in any case.

So should we be looking for a better way to use the material, rather than to get rid of it altogether?

Circular Economy Composites Polymers

-PureCycle says it has recycled waste carpet into PP

U.S.-based recycling specialist PureCycle Technologies LLC has completed a pilot project to recycle polypropylene carpet into ultra-pure recycled polypropylene (UPRP) resin, using its proprietary recovery technology.

PureCycle’s recycling process, developed and licensed by consumer goods company Procter & Gamble Co., separates color, odor and any other contaminants from plastic waste feedstock to convert this into UPRP resin with virgin-like properties.

Circular Economy Composites Polymers

-Raise basic customs duty on polyester yarns to 10%: NITMA

The Northern India Textile Mills’ Association (NITMA) recently urged the government to raise the basic customs duty on polyester yarns from 5 per cent to 10 per cent and modify the free trade agreements (FTAs) with Vietnam and Indonesia to exclude this item from the list of items being cleared at zero duty in India or include raw materials for the yarn in this list.

These steps will help domestic textile mills get a level playing ground. Textile mills in North India are in huge trouble now due to the two FTAs, feels NITMA, which has noted an ‘astronomical’ rise in the quantity of polyester yarn imported from these two countries.

Raise basic customs duty on polyester yarns to 10%: NITMA

-Silvergate develops masterbatch with 30 per cent recylate

Custom colour masterbatch manufacturer Silvergate Plastics has developed a white masterbatch that includes a minimum of 30 per cent recycled content while still behaving like a virgin product.

“Despite the current focus on plastics waste dominating headlines, plastics will continue to play a major role in all our lives,” said Tony Bestall, Silvergate’s chief executive. “Whilst our initial development has been for high volume whites, we can implement this technology into almost any colour. Our product gives 100 per cent repeatability in process and is suitable for food contact applications, making the new range incredibly attractive to our customers and end-users.”

-Silvergate develops masterbatch with 30 per cent recylate

-Asda adopts CPET trays for ready meals

Asda is to move 97 of its fresh ready meal lines to trays made from detectable and recyclable natural CPET. According to the UK supermarket, the trays, supplied by UK thermoformer Faerch, will transform 775 tonnes of plastics and 45 million ready meal trays from non-recyclable to recyclable material.

“Over 130 million of our ready meals are purchased each year by our customers, so this change to packaging means customers don’t have to prioritise plastics reduction over grocery decision making, ensuring they can continue purchasing quality products at great prices, but with the added value of recycle-ready packaging,” said Paul Gillow, Asda’s vice president of own-brand and commercial strategy.

Asda adopts CPET trays for ready meals

-China-Iran Oil Deal Undermines the Dollar

What do the world’s leading terror sponsor and the world’s largest oil importer have in common? They’re working against the U.S. dollar.

Iran struck a major oil deal with China at a meeting in August, reported the Petroleum Economist on September 3. The crude oil will be paid for in Chinese yuan. This is a blow to the United States dollar, which for decades has been the standard currency for oil trade.

China will invest $280 billion into Iran’s oil economy; an extra $120 billion will go toward improving transport infrastructure.

The magnitude of the investments have caused some to doubt China’s ability to follow through. It has a history of promising more than it actually delivers. Whether China can deliver or not, the deal is a major step forward in shifting trade away from the American dollar.

Circular Economy Composites Polymers

-OPEC oil output sinks to lowest since 2011 after Saudi attacks: Reuters survey

OPEC oil output has fallen to an eight-year low in September after attacks on Saudi oil plants cut production, deepening the impact of a supply pact and U.S. sanctions on Iran and Venezuela, a Reuters survey found.

OPEC oil output sinks to lowest since 2011 after Saudi attacks: Reuters survey

Circular Economy Recycling Technopolymers 30-09-2019

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