Goldene for Hydrogen – Growth Of Technical Textiles Industry Increased Interest In HIGHTEX 2024 19-04-2024
Goldene for Hydrogen
Crude Oil Prices Trend
Crude Oil Prices Trend by Polyestertime
Middle East tensions worsen business outlook amid Chinese oversupply
Lotte Chemical is considering redeploying some of its 500 workers from its polyethylene terephthalate (PET) factory in Ulsan to other plants, following a decline in the Ulsan factory’s output due to the oversupply of petrochemical products from China, according to industry officials, Wednesday.
This came after the petrochemical unit of Lotte Group began to restructure its operations here and overseas to cope with the industry downturn. Goldene for Hydrogen
Although the chemical firm said nothing has been decided regarding the redeployment, Lotte Chemical CEO Lee Hun-ki has indicated the company’s intention to downsize investments in conventional petrochemical products.
“Considering the deteriorating competitiveness in our petrochemical business, we are considering various strategic options,” he told reporters after the annual general meeting of shareholders last month.
In December, Lotte Chemical decided to complete its 77 billion won ($56 million) investment in a PET recycling facility in Ulsan by the end of 2027, three years later than initially planned, citing growing economic uncertainties. Goldene for Hydrogen
Obtained goldene, the 2D gold useful for producing hydrogen
Scientists at Linköping University have achieved a breakthrough by creating the first-ever sheets of gold that are only a single atom in thickness.
Dubbed ‘goldene,’ this innovative material was synthesized using a technique inspired by a centuries-old method originally employed by Japanese smiths.
This historic technique, repurposed for modern scientific achievement, has allowed for the production of gold sheets that could revolutionize several industries due to their unique properties. Goldene for Hydrogen
These atomically thin sheets of gold could play a crucial role in various applications, including hydrogen production, the conversion of carbon dioxide, and the synthesis of high-value chemicals.
The significance of this development lies in overcoming previous challenges where gold atoms would typically clump together, thwarting efforts to create such thin materials.
The success of this venture was detailed in a study published on April 16 in the journal Nature Synthesis, which underscores the potential of ‘goldene’ in scientific and industrial applications moving forward. Goldene for Hydrogen
Global MEG Prices Fall Entering April 2024, High Inventories to Blame
In the first half of April 2024, Mono Ethylene Glycol (MEG) prices witnessed a diminishing trend on the global stage, influenced by several factors.
In the US market, MEG prices declined notably by 2.3% during the first week of April, primarily due to lacklustre demand from domestic downstream sectors. Despite stabilized MEG upstream, Ethylene Oxide prices, subdued demand in industries like PET and Antifreeze further exacerbated the situation. Similarly, the German market saw a 1.5% decrease in MEG prices, driven by lower production costs and feedstock prices. Despite this, MEG demand remained robust in the PET manufacturing sector, particularly during the Ester festival. Goldene for Hydrogen
In the Asia-Pacific region, particularly in the Chinese market, the cost of mono ethylene glycol (MEG) experienced a slight decline of 0.9%. This decrease in MEG prices can be attributed to ample inventory levels resulting from swift production rates and reduced feedstock prices, leading to decreased overall production costs. Despite an increase in demand from downstream sectors like the PET industry and a rise in feedstock prices, MEG prices remained subdued due to heightened production rates.
Growth Of Technical Textiles Industry Increased Interest In HIGHTEX 2024
HIGHTEX 2024 Exhibition, which will bring together the world’s leading technical textile and nonwoven manufacturers and technology leaders with global buyers, will open its doors to visitors on 4-8 June 2024. HIGHTEX 2024, which attracts great interest from domestic and foreign companies, will host thousands of industry representatives and visitors from all over the world. Goldene for Hydrogen
International Technical Textiles and Nonwovens Exhibition-HIGHTEX 2024, the first and only exhibition of its field in Turkey, will be held at Tüyap Fair and Congress Centrebetween 4-8 June next year. Preparations are underway for the HIGHTEX 2024, where nonwoven products, raw materials used in production and the latest technologies will be exhibited. HIGHTEX 2024, which has become more important as technical textiles take up more space in all areas of our lives, attracts great interest from companies.
LyondellBasell reduced pellet loss, invested in expansion
LyondellBasell worked to expand its line of recycled polymers and reduced the amount of plastic pellets lost into the environment slightly in 2023, its latest sustainability report noted.
The Netherlands-based global company produced and marketed 123,000 metric tons of recycled and renewable-based polymers in 2023, its sustainability report noted. Its goal is to produce and market 2 million metric tons annually by 2023. Goldene for Hydrogen
It also has a goal of zero plastic pellet loss to the environment from its 77 facilities that handle such material. In 2023, it lost about 10 kilograms in one incident, compared to four incidents in 2022 that lost 11 kilograms and four incidents in 2022 that lost 43 kilograms.
CEO Peter Vanacker said in the report that the company understands “the critical role plastics play in society” and that “plastic pollution is a critical issue, and we recognize the need for our industry to move faster.”
In response, LyondellBasell is strengthening its Circular and Low Carbon Solutions business by making investments to secure feedstock supply, expanding its recycling capacity and developing scalable technologies to grow its Circulen family of polymers: CirculenRecover, which uses mechanical recycling; CirculenRevive, which uses chemical recycling; and CirculenRenew, which uses renewable materials. Goldene for Hydrogen
CJ Biomaterials launches two PHA-based compounds for film packaging
CJ Biomaterials, Inc., a subsidiary of South Korea-based CJ CheilJedang, has launched two innovative PHA-based compounds, PHACT™ CA1270P (clear) and PHACT™ CA1240PF (opaque), for various film packaging applications. These biopolymers are suitable for food packaging, shopping bags, agricultural mulch films, and other uses. Developed in partnership with NatureWorks, LLC., these compounds integrate Ingeo™ PLA with PHACT PHA, providing a competitive and high-performance sustainable packaging solution.
These 100% biobased compounds are a step forward in tackling plastic waste and reducing methane emissions from landfilled food waste, which the US Environmental Protection Agency identifies as a significant source of fugitive methane.
The environmental impact of CA1270P and CA1240PF is significantly lower than traditional plastic solutions, with a carbon footprint more than 50% less than LDPE, LLDPE, PP, and PET. Goldene for Hydrogen
The new products have proven superior in terms of stiffness, strength, and puncture resistance, making them viable for both industrial and potentially home composting (tests ongoing). They represent a leap in sustainable packaging, meeting consumer demand for eco-friendly options and providing an alternative to conventional plastics.
Mura Technology and Ghent University to test challenging polymer recycling
Mura Technology has signed a five-year research partnership with Ghent University’s Laboratory for Chemical Technology (LCT) to build a continuous flow, pilot scale testing facility for hard-to-recycle polymers – aspiring to gauge the potential of products from circular feedstocks and aid future technology expansions. Goldene for Hydrogen
Hydro-PRT is an advanced plastics recycling process developed by Mura Technology. Unlike other recycling technologies (e.g. pyrolysis), it utilizes supercritical water, or water under elevated pressure and temperature, to convert plastic waste into hydrocarbons.
As such, it is described as an efficient and scalable process that enables a range of plastics, including post-consumer packaging, to be recycled. It is also said to produce high yields of recycled hydrocarbons, which can then be used to produce ‘virgin-quality’ recycled plastics.
Mura Technology adds that the process allows for the same material to be recycled indefinitely, unlocking the potential for reduced dependence on fossil resources and a step forward in circularity for plastics. Goldene for Hydrogen
Goldene for Hydrogen