Nuclear – PS resins buck trends with slight price drop as other materials climb 20-08-2024

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Crude Oil Prices Trend 

Crude Oil Prices Trend by Polyestertime

Crude Oil Prices Trend by Polyestertime

PLASTICS strongly opposes White House position change on plastic production caps

The Plastics Industry Association (PLASTICS) released the following statement on the White House’s decision to change its position and support limiting virgin plastics production as part of the UN Plastics Agreement currently being negotiated:

“The White House’s misguided reversal in support of plastic production caps is not only impractical but directly harmful to all U.S. manufacturers and will get us no closer to reaching our shared environmental goals,” said Matt Seaholm, President and CEO of PLASTICS. Nuclear

“The plastic industry is the seventh largest manufacturing industry in the United States and employs one million people. With this decision, the White House has turned its back on Americans whose livelihoods depend on our industry, as well as on manufacturers in all sectors that rely on plastic materials.

“Plastic offers unparalleled safety, protection, and efficiency and can be reused and recycled, reducing our overall resource needs. An independent study confirms plastics have lower total greenhouse gas contribution than alternative materials. Yet, the White House’s decision ignores these facts in favor of misinformation spread by anti-plastic activists. Nuclear

“Furthermore, this reversal has undermined U.S. negotiators’ influence in UN negotiations as other countries know this extreme position will not receive support in the U.S. Senate.

“We are dedicated to keeping plastic waste out of the environment and believe we need to work together to achieve this. However, the White House’s drastic position change will not accomplish this goal, only set us back.” Nuclear

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Tesla Unveils Stylish Textile Interior For Model 3 RWD In Mexico

Tesla has just launched a brand-new interior option for its Model 3 RWD exclusively in the Mexican market. This inventive approach integrates grey textile seats and standard features, setting a precedent in vehicle customization driven by unique market demands.

A Fresh Take On Interior Design

In the ever-evolving world of automobile interiors, Tesla’s decision to introduce a textile interior for the Model 3 represents a significant shift. While leather and synthetic materials often dominate the scene, Tesla is pushing the boundaries of car interior aesthetics with the introduction of a premium textile option. Nuclear

The new grey textile seats offer a modern and minimalist look, perfectly aligned with Tesla’s futuristic design philosophy. The choice of a textile material also provides a comfortable and breathable seating experience, a stark contrast to traditional interiors that can often become uncomfortably hot in warmer climates.

Interestingly, Mexico is the first country to have exclusive access to this unique interior option. This move underscores Tesla’s strategy to tailor its offerings to meet the particular preferences and needs of its diverse customer base across different regions. By embracing market-specific customization, Tesla demonstrates its willingness to innovate and adapt, a trait that has long set the company apart in the automotive industry. Nuclear

Moreover, this exclusive interior option for the Mexican market may set a precedent for similar initiatives in other regions, potentially influencing auto manufacturers to consider more localized innovations in their vehicle designs.

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Nuclear

A New Era for Nuclear Power in the U.S.

  • The US government is supporting the reopening of the Palisades nuclear power plant, the first such effort in the country’s history.
  • This reflects a shift in US energy policy towards nuclear power as a clean energy source to meet growing clean energy demand.
  • The Palisades reopening could pave the way for the revival of other closed nuclear plants and the development of small modular reactors.

The U.S. Palisades Power Plant could become the first nuclear plant to reopen in the U.S. after shutting down, potentially signaling a new era for U.S. nuclear power. Nuclear

As the U.S. government supports a new wave of nuclear reactor development, in support of a green transition, the reopening of existing plants could help the country develop its nuclear power capacity more rapidly. The Biden administration has provided financial support to several struggling nuclear plants to help them keep their doors open, and the Inflation Reduction Act (IRA) and other recent policies are encouraging the development of new nuclear operations.

Pressure from the government to decarbonize the economy and financial incentives for companies pursuing green energy could also support alternative nuclear developments, such as the restoration and reopening of old reactors. Nuclear

The Palisades Power Plant in Covert, Michigan, shut its doors after 40 years of operation in May 2022. This was largely due to the increase in production of cheap, abundant natural gas encouraging a shift away from nuclear energy. It was not the only power plant to shut down, with several prominent plants failing over the previous decade. The U.S. has the largest nuclear power plant fleet in the world, with 93 reactors capable of generating around 95,522 MW of electricity.

Nuclear power has contributed around 20 percent of the country’s electricity annually for the last 30-plus years. However, the huge expense of keeping nuclear plants open, as well as concerns around safety and nuclear waste, have resulted in the closure of several plants in recent years. Nuclear

Between 2012 and 2022, 12 U.S. nuclear plants, with a combined electric generating capacity of 9,436 MW, closed their doors. Some plants due for closure have managed to survive, thanks to state and federal intervention, but companies could not afford to keep many of the others running.

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A New Era for Nuclear Power in the U.S.

S Korea unveils Textile and Fashion Industry Competitiveness Strategy

  • South Korea recently unveiled its Textile and Fashion Industry Competitiveness Strategy aimed at responding to the growth of the industrial textile market, the demand for green transition and the diffusion of digital transformation.
  • It will leverage the strategy to apply AI and digital technology, and bolster the textile and fashion industrial base. Nuclear

South Korea recently unveiled its Textile and Fashion Industry Competitiveness Strategy aimed at effectively responding to the rapid growth of the industrial textile market, the accelerating demand for eco-friendly transition led by advanced countries and the diffusion of digital transformation across all areas, including product planning, production and logistics.Trade, industry and energy minister Dukgeun Ahn made the announcement while meeting representatives from domestic textile and fashion companies and experts at the Textile Centre in Seoul to discuss industry issues and future directions. Nuclear

His ministry is focused on leveraging the strategy to nurture advanced industrial textiles, facilitate the eco-friendly transition of the textile and fashion value chain, diffuse the application of artificial intelligence (AI) and digital technology, and bolster the textile and fashion industrial base, an official release said.

The objective is to help the domestic industry overcome production contractions as latecomer countries are gaining ground and by 2030, expand the current 2-3-per cent global market share of industrial and eco-friendly textiles to 10 per cent and raise the level of digital transformation from the 35 per cent now to 60 per cent to develop Korea into a textile and fashion powerhouse. Nuclear

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S Korea unveils Textile and Fashion Industry Competitiveness Strategy

PS resins buck trends with slight price drop as other materials climb

There were no lazy days of summer for polyethylene, polypropylene, PVC and PET bottle resin prices, all of which increased in North America in July.

But polystyrene fell 1 cent, driven by lower prices for benzene feedstock, which is used to make styrene monomer. Nuclear

In the short term, regional PS supplies also have been affected by a production outage at a resin plant operated by Americas Styrenics in Joliet, Ill. The plant has been out of production since a tornado knocked out power in the area on July 15. The tornado touched down on an adjacent property only 400 yards away and destroyed electrical transmission towers, causing a widespread power outage.

The PE and PP hikes surprised some buyers. Prices for each material rose an average of 5 cents per pound in July, according to buyers and market watchers contacted by Plastics News. Nuclear

For both materials, supply concerns over brief outages caused by Hurricane Beryl, which hit the Houston area in early July, played a role in the price hikes. The hurricane brought heavy rains and 90 mph wind gusts to the Houston area beginning July 8.

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PS resins buck trends with slight price drop as other materials climb

ZARA And Circ® Continue Partnership With New Collection Made From Recycled Polycotton Blended Textiles

Zara, in collaboration with Circ®, a US-based fashion technology company that recycles textile waste back into new fibers, revealed the latest Zara Women’s collection made with Circ Lyocell, achieving the look and feel of silk, with fibers derived from 50% recycled textile waste.

This follows Zara and Circ’s first collection, launched in April 2023, which marked the use of garments made with recycled polyes- ter and lyocell. The collection features four pieces, each made from fabric using only 100% Circ Lyocell . Nuclear

The Zara team designed the garments to showcase clean, minimalist silhouettes, with a natural look and feel, a testament to how Circ materials can be used to create elevated and timeless designs. The new collection will be available on August 15 in the US and other selected markets.

Breaking down blends of polyester and cotton – referred to as “polycotton” – was once a significant roadblock to creating recycled raw materials to make new garments. Circ’s innovative recycling technology provides a solution, as the only in-market platform to successfully separate polycotton blended textile waste and recover both cellulosic and synthetic fibers. Nuclear

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ZARA And Circ® Continue Partnership With New Collection Made From Recycled Polycotton Blended Textiles

Textile Waste – PET Bottle – Reimagining tyre waste management in the circular economy 19-08-2024

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