Polyestertime

POSTS-News- Plastic-Petrochemicals – POSTS 新闻 Plastic Petrochemicals

POSTS 新闻 Plastic Petrochemicals  POSTS 新闻 Plastic -Petrochemicals  POSTS 新闻 Plastic Petrochemicals   POSTS 新闻 Plastic -Petrochemicals  POSTS 新闻 Plastic Petrochemicals  POSTS 新闻 Plastic Petrochemicals

-China – Filament Grade Semi Dull PET Chip – PET bottle chip 瓶芯 – Pet chip resin 宠物芯片树脂

POSTS 新闻 Plastic Petrochemicals

-IVL, Dhunseri form joint venture to acquire Egypt PET plant – Indorama Ventures Public Co Ltd (IVL) and India’s Dhunseri Petrochem have teamed up to acquire and restart a 540,000 tonne/year polyethylene terephthalate (PET) facility in Egypt – IVL Dhunseri joint venture Egypt PET plant

POSTS 新闻 Plastic Petrochemicals

-New route to synthesize bioplastics developed – While preparing oligoesters as part of regular experiments, researchers observed formation of a viscous solution which was behaving very similar to molecular self-assembly: disordered molecules were adopting a defined structure on their own – Route synthesize bioplastics

POSTS 新闻 Plastic Petrochemicals

-Moretto presented its new technological solutions at Plast 2018 – Moretto presented a range of products and machines, prepared for 4.0 process management at Plast 2018 – Moretto new technological solutions Plast 2018

 POSTS 新闻 Plastic Petrochemicals

-U.S. Shale, OPEC To Discuss Market Balance In Vienna – As everyone watches OPEC and Russia ahead of their meeting in Vienna next week, it’s easy to miss the fact that this is not the only meeting that will set the course of the global oil market in the coming months – USA Shale OPEC Market Balance Vienna

POSTS 新闻 Plastic Petrochemicals

-Market outlook: Recycling moves up the agenda – A paradigm shift is under way in the plastics industry as public concern mounts over the impact of plastic waste on the oceans and the environment – Market outlook Recycling

POSTS 新闻 Plastic Petrochemicals

-Crude oil-to-chemicals technology could be game changer for chemicals industry – Siluria Technologies (San Francisco and Menlo Park, CA) and Saudi Aramco Technologies Co. (Dhahran, Saudi Arabia) announced this week that they would join forces to revolutionize the petrochemicals industry through crude oil-to-chemicals (COTC) and oxidative coupling of methane (OCM) technologies – Crude oil chemicals technology chemicals industry

POSTS 新闻 Plastic Petrochemicals

China – Filament Grade Semi Dull PET Chip – PET bottle chip 瓶芯 – Pet chip resin 宠物芯片树脂

-Pet chip resin 宠物芯片树脂 Pet chip resin 宠物芯片树脂 Pet c palehip resin 宠物芯片树脂  Pet chip resin 宠物芯片树脂

China – Price Trend of Filament Grade Semi Dull PET Chip in Jiangsu closed the week steady.

 Pet chip resin 宠物芯片树脂Polyestertime: Polyester POY

The prices of Semi-dull Chips in Jiangsu and Zhejiang are at 7,550 – 7,650    yuan/ton (cash),nearby.

The Bright Chip’s price in Jiangsu and Zhejiang is at 7,900 – 8,000 yuan / ton.

Polyester POY is at 8,950 -9,050 yuan/mt cash ex-works, while Polyester  DTY is at 10,650- 10,800 yuan/mt cash ex-works.

—————————————————————–


China –PET Bottle Chip (Polyethylene terephthalate) -The  Market prices closed the week steady,but weak.

Pet chip resin 宠物芯片树脂Polyestertime : Prefo

rms

The domestic Polyester Bottle Chip is at 10,100 – 10,200 yuan / ton cash,(ex-works).

The export PET is at 1,335- 1,375 $ /ton FOB CMP.

 

 

 

 

 

Related Topics

-Jiangsu Sanfangxiang plans to launch a new PET plant in the third quarter  – Jiangsu Sanfangxiang Group, a major Chinese petrochemical producer, plans to launch a new PET plant in Jiangsu Province, China, in the third quarter – Jiangsu Sanfangxiang PET plant China

-Far Eastern Union plans to launch a new PET plant in Vietnam in July  – The Chinese company Far Eastern Union Petrochemical plans in July this year to launch a new bottled PET plant in Vietnam, ICIS reports with reference to market participants – Far Eastern Union PET plant Vietnam

-Chengxing Group will launch a new PET plant in China on June 1 – Chengxing Group, a major Chinese producer of petrochemicals, is planning to put into operation a new PET production plant in Jianggyin, Jiangsu – Chengxing Group PET plant China

“Mega-Plast” plans to open production of PET preforms in the SEZ “Dubna” – Mega-Plast plans to open production of PET preforms and closures in the special economic zone (SEZ) Dubna, Interfax reported – MegaPlast PET preforms Dubna

-BLOW MOLDING: Lightweight PET Bottle Bases for Demanding Applications – Blow Molding Lightweight PET Bottle

ACP and Teijin launch PET bottle recycling project – ACP Teijin PET bottle recycling

Industrial yarns still in demand – Industrial yarns

HC dismisses plea on PET bottle rules – HC PET bottle

Sidel Eco Booster Sustainability : Maximise Profit, Minimise Cost, Improve Sustainability

Danone, Nestle Waters & Startup to Accelerate All-Biobased PET Bottle – Danone Nestle Waters Startup Biobased PET Bottle

IVL, Dhunseri form joint venture to acquire Egypt PET plant – Indorama Ventures Public Co Ltd (IVL) and India’s Dhunseri Petrochem have teamed up to acquire and restart a 540,000 tonne/year polyethylene terephthalate (PET) facility in Egypt – IVL Dhunseri joint venture Egypt PET plant

IVL IVL Dhunseri joint venture Egypt PET plant IVL Dhunseri joint venture Egypt PET plant IVL Dhunseri joint venture Egypt PET plant IVL Dhunseri joint venture Egypt PET plant IVL Dhunseri joint venture Egypt PET plant IVL Dhunseri joint venture Egypt PET plant Dhunseri joint venture Egypt PET plant

IVL, Dhunseri form joint venture to acquire Egypt PET plant

Source:ICIS News

 IVL Dhunseri joint venture Egypt PET plant SINGAPORE (ICIS)–Indorama Ventures Public Co Ltd (IVL) and India’s Dhunseri Petrochem have teamed up to acquire and restart a 540,000 tonne/year polyethylene terephthalate (PET) facility in Egypt, the Thai producer said on Friday.

 

A 50:50 joint venture was formed between IVL indirect subsidiary, Indorama Netherlands, and Dhunseri for the purchase of the PET plant of Egyptian Polyester Company SAE (EIPET), IVL said in a statement.

“Restart activities for manufacturing recyclable PET has commenced and key raw material PTA [purified terephthalic acid] will be shipped from IVL Portugal soon after restart of Portugal PTA production anticipated in early July 2018,” IVL said.

The Thai company signed definitive agreements for the joint venture and the acquisition of up to 50% of EIPET but financial details were not disclosed.

EIPET is one of the largest PET producers in the Middle East and Africa, with its production site in Ain Sokhna free trade zone, northwest of the Gulf of Suez.

The acquisition will increase IVL’s existing global PET capacity by 10%, it said.

“EIPET also marks Indorama Ventures’ maiden entry into Egypt, complementing our existing footprint in EMEA [Europe-Middle East-Africa],” IVL’s CEO Aloke Lohia said.

IVL said that EIPET will help Egypt generate $300m of positive trade balance as imported resin is phased out and net exports of resin and packaging commence.

“EIPET will provide meaningful opportunities for feedstock integration from our existing assets while allowing us to serve our customers in growth markets of Egypt and in the region,” Lohia said.

IVL and Dhunseri have an existing joint venture in India since 2016.

Picture: Mineral water in plastic polyethylene terephthalate (PET) bottles (Photographer: Ulrich Niehoff/imageBROKER/REX/Shutterstock)

By Pearl Bantillo

New route to synthesize bioplastics developed – While preparing oligoesters as part of regular experiments, researchers observed formation of a viscous solution which was behaving very similar to molecular self-assembly: disordered molecules were adopting a defined structure on their own – Route synthesize bioplastics

Route synthesize bioplastics Route synthesize bioplastics  Route synthesize bioplastics  Route synthesize bioplastics  Route synthesize bioplastics  Route synthesize bioplastics  Route synthesize bioplastics  Route synthesize bioplastics  Route synthesize bioplastics  Route synthesize bioplastics  

New route to synthesize bioplastics developed

While preparing oligoesters as part of regular experiments, researchers observed formation of a viscous solution which was behaving very similar to molecular self-assembly: disordered molecules were adopting a defined structure on their own

Route synthesize bioplastics

By Ratneshwar Thakur

New Delhi: A group of researchers has developed a new strategy that promises to help expand the scope for production of bioplastics.

In recent years, scientists and industry have focused on developing bioplastics as a replacement for synthetic ones to help protect the environment. However, bio-polymers produced from materials like starch have found limited applications and their production processes are expensive and generate pollution.

The strategy – developed by researchers from National Institute of Technology (Warangal), SASTRA Deemed University (Thanjavur) and Central University of Jammu – promises to overcome this problem. The process involves use of natural monomers and a bio-catalyst called Novozyme 435. It is a lipase obtained from yeast called Candida Antarctica.

While preparing oligoesters as part of regular experiments, researchers observed formation of a viscous solution which was behaving very similar to molecular self-assembly: disordered molecules were adopting a defined structure on their own. “This observation motivated us to understand the concept of self-assembly assisted polymerization,” said K. Muthusamy from Sastra University, Thanjavur, co-author in the study.

The new protocol involves two steps. First, bio-based monomers, C-glycosylfuran and diacids, were subject to poly-condensation to form high molecular weight compound in the presence of bio-catalyst. The output was then made to undergo self-assembly assisted polymerization to realize the desired product. Conventionally, vegetable oils, carbohydrates, lignin, and cardanol are used for producing bio-based polymers. The process is, however, expensive and not environment friendly.

“We have used environmental friendly bio-based monomers, C-glycosylfuran derived from monosaccharides and a bio-catalyst. With this approach, we can generate cross-linked polymers and different products with varying properties can be produced by manipulating the design of oligoester. The products may find use for a range of applications in medical and food sectors,” explained study leader Dr. S. Nagarajan of NIT, Warangal.

Converting bio-based monomers into value-added materials is important in sustainable chemistry. “The group has prepared bifunctional monomers and which were converted into polymers using an enzyme catalyzed reaction. It is an efficient way of generating materials which have potential to make soft materials, and may find applications in near future,” commented Dr. Praveen Kumar Vemula from Institute for Stem Cell Biology and Regenerative Medicine, Bangalore who is not a part of this study.

The research team included K. Muthusamy, K. Lalitha, Y. Siva Prasad, A. Thamizhanban, C. Uma Maheswari (SASTRA Deemed University),V. Sridharan (Central University of Jammu) and S. Nagarajan from NIT Warangal. The study, financially supported by the Department of Science and Technology (DST), has been published in journal ChemSusChem.

(India Science Wire)

Related Topics

-Plastics Releases Bioplastics Report, Calls for Research and Innovation – New U.S. Consumer Survey Shows Increased Understanding and Support for Bioplastics in the Marketplace – Plastics Releases Bioplastics Report

-5 Minutes Wth… Gerald Michael, global business manager at Synvina – The site that the company uses in Antwerp, Belgium, has a capacity of 50,000 metric tonnes of the bio-plastic that could well be the breakthrough, polyethylene furanoate (PEF) – Gerald Michael manager Synvina bioplastic

-Synvina extends PEF pilot phase – Amsterdam-based Synvina CV is planning to extend the pilot phase of its FDCA (furandicarboxylic acid) production by 24 to 36 months in order to “optimise” future commercial-scale production – Synvina PEF pilot phase

 What’s new in bioplastics? – 12th annual European Bioplastics conference discusses food brand owners’ use of bioplastics, biodegradable solutions for multilayer food packaging, and production of new polymer PEF – European Bioplastics conference EUBP

Moretto presented its new technological solutions at Plast 2018 – Moretto presented a range of products and machines, prepared for 4.0 process management at Plast 2018 – Moretto new technological solutions Plast 2018

Moretto new technological solutions Plast 2018 Moretto new technological solutions Plast 2018  Moretto new technological solutions Plast 2018  Moretto new technological solutions Plast 2018  Moretto new technological solutions Plast 2018  Moretto new technological solutions Plast 2018  Moretto new technological solutions Plast 2018  

Moretto presented its new technological solutions at Plast 2018

by Grace Nolan

U.S. Shale, OPEC To Discuss Market Balance In Vienna – As everyone watches OPEC and Russia ahead of their meeting in Vienna next week, it’s easy to miss the fact that this is not the only meeting that will set the course of the global oil market in the coming months – USA Shale OPEC Market Balance Vienna

USA Shale OPEC Market Balance Vienna USA Shale OPEC Market Balance Vienna  USA Shale OPEC Market Balance Vienna  USA Shale OPEC Market Balance Vienna  USA Shale OPEC Market Balance Vienna  USA Shale OPEC Market Balance Vienna  USA Shale OPEC Market Balance Vienna  

U.S. Shale, OPEC To Discuss Market Balance In Vienna

USA Shale OPEC Market Balance Vienna

As everyone watches OPEC and Russia ahead of their meeting in Vienna next week, it’s easy to miss the fact that this is not the only meeting that will set the course of the global oil market in the coming months. OPEC officials will also meet with chief executives from the U.S. shale industry in Vienna, with Continental’s Harold Hamm, Hess Corp’s John Hess, and Pioneer’s Scott Sheffield among those to address OPEC, Reuters reports.

Although none of the executives were willing to comment on the meeting ahead of it, the topic of discussion will be cooperation, after the last price crisis revealed that the only way to achieve a balance between crude oil demand and supply is to work together rather than against each other.

The fact that has brought shale producers and OPEC closer together is that production is no longer priority number-one. “We’re getting to a point where a continued rise in the oil price is going to cause major problems for the global economy,” Reuters quoted the Council on Foreign Relations’ energy security and climate change program director Amy Meyers Jaffe as saying. “There are bigger issues at hand besides output that OPEC and shale producers care about.”Related: Saudi Arabia: Deal To Gradually Ease Cuts Is ‘Inevitable’

One of these bigger issues is the increase price elasticity of oil. A couple of decades ago, fossil fuels had no real alternatives. Now there are solar power plants and electric cars. As we saw from the last oil price rally, consumers are no longer willing to pay more to get increasing amounts of oil. They often seek alternatives and can find them relatively easily.

According to analysts, the top priority for shale producers now is not ever-higher oil prices—it’s stable prices. Although they cannot legally coordinate production to achieve these stable prices, the can discuss the situation and the future prospects of the global industry with OPEC. What will come out of these discussions remains to be seen.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:

.Related Topics

-Oil demand defies gloomy forecasts but in ‘last gasp’ of growth: Fesharaki – Crude Oil demand forecasts

-Oil prices won’t keep plunging because US drillers can’t meet demand, analysts say – Supply and demand in the oil market are finely balanced, and surging U.S. output might not be enough to offset supply disruptions in Venezuela and Iran – Crude Oil prices USA drillers

-Oil climbs over 2 percent, shrugs off API’s U.S. crude build – Crude Oil climbs API USA

The surge is over — why $50 oil is now more likely than $100

-IMF urges Saudi Arabia to resist temptation to spend, as oil prices rise – Saudi Arabia has been advised by the International Monetary Fund (IMF) not to increase spending, as oil prices reach $80 a barrel and are predicted to go higher – IMF Saudi Arabia crude oil prices

-Low oil price era is ‘dead’ as crisis-stricken Venezuela risks a supply shock, analyst says – The “lower for longer” oil price mantra is doomed, one oil analyst told CNBC Tuesday, amid heightened energy market fears of an imminent supply shock – Crude oil price crisis Venezuela supply shock

-Forget About Oil at $80. The Big Rally Is in Forward Prices – Crude Oil $80 Prices

-Oil prices to peak in mid-2019: BofAML – Brent crude oil prices are expected to trend gradually higher, hitting an average of $80 per barrel (/bbl) by mid-2019 before gradually trending lower to an average of $71/bbl by end-2019 – Crude Oil prices peak 2019 BofAML

-What is the perfect price for oil? – When it’s too high, consumers start freaking out and using less. When it’s too low, oil companies cut back operations and lay off thousands of workers – Perfect price crude oil

-The Regulations That Could Push Oil Up To $90 – International regulations on the fuels used in shipping could tighten the oil market and push prices up to $90 per barrel in the next two years – Regulations Push Crude Oil $90

-Morgan Stanley Sees Oil Climbing To $90 By 2020 – Forget Iran and OPEC. There’s another issue that will keep oil prices supported for the next two years, according to Morgan Stanley’s oil outlook – Morgan Stanley Crude Oil $90 2020

Market outlook: Recycling moves up the agenda – A paradigm shift is under way in the plastics industry as public concern mounts over the impact of plastic waste on the oceans and the environment – Market outlook Recycling

Market outlook Recycling Market outlook Recycling  Market outlook Recycling  Market outlook Recycling  Market outlook Recycling  Market outlook Recycling  Market outlook Recycling  Market outlook Recycling  Market outlook Recycling  Market outlook Recycling  Market outlook Recycling  Market outlook Recycling  Market outlook Recycling  

Market outlook: Recycling moves up the agenda

 Source:ICIS Chemical Business

Market outlook Recycling  A paradigm shift is under way in the plastics industry as public concern mounts over the impact of plastic waste on the oceans and the environment.

For 30 years, plastics producers have primarily focused upstream on securing cost-competitive feedstock supply. Now, almost overnight, they find themselves being forced by consumers, legislators and brand owners to refocus downstream on the sustainability agenda. It is a dramatic shift, and one which is likely to create winners and losers over a relatively short period of time.

The pace of change is startling. In January, 11 major brands, including Coca-Cola, Unilever, Walmart and Pepsi (and since joined by Nestle) announced they were committed to working towards using “100% reusable, recyclable or compostable packaging by 2025”. Then, in April, a UK government-led initiative saw 42 companies, responsible for over 80% of the plastics packaging sold in UK supermarkets, promise to “transform the plastic packaging system and keep plastic in the economy and out of the ocean”.

Tesco, the UK’s largest retailer, added to the pressure by beginning the move to a “closed loop system”. Clearly seeing the issue as a source of potential competitive advantage, it announced plans to remove all “hard to recycle” plastics – such as polystyrenepolyvinyl chloride (PVC) and water-soluble bioplastics – by the end of next year. Then last month, the EU Commission adopted new rules that will mean a minimum of 50% of all plastic packaging waste will be recycled by 2025. In addition, it has proposed drastic action, including bans, to reduce the use of the top 10 single-use plastic items found on EU beaches by 2021.

Understandably, many companies and CEOs have failed to keep up with these developments. Others have simply ignored them on the assumption they will prove to be all talk and no action. But nobody who attended the Circular Economy Forum at the recent ICIS World Polyolefins Conference could have come away believing that business as usual was a viable option for the future. As Borealis, Europe’s second largest polyolefin producer, explained, its vision is instead to “establish plastic waste as just another standard feedstock as the new normal” for the industry.

Different geographies will doubtless move at different speeds with the switch to recycling. But Europe is not the only major region where a big change in attitudes is under way. It is already clear that consumers in the emerging economies have exactly the same priorities as those in the West. Indonesia, for example, recently had to use its army to unblock rivers in its third city, Bandung, as these had become filled with plastic waste. China is similarly engaged in a “war on pollution”, which is seen by President Xi Jinping as one of his “three tough battles” to secure China’s goal of “becoming a moderately prosperous society” by 2020.

CRITICAL BUSINESS IMPACT

This paradigm shift will have two critical impacts on business models in the petrochemicals and plastics industry. In the short term, it will reduce demand growth and could easily lead to demand destruction. The end of next year is only 18 months away for polystyrene and PVC producers, after all. In the medium to longer term, it seems probable that waste plastic will become an important feedstock in its own right, reducing actual demand for virgin feedstocks based on oil and gas.

Market outlook Recycling

As producers start to prepare their budgets for 2019-2021, they therefore cannot ignore the fact that the rise of the sustainability agenda will likely be the catalyst for a fundamental shift in business models for the whole plastics industry. Polyethylene (PE) was already heading into major over-capacity due to the US shale gas expansions now coming on line, as discussed here in March (Goodbye to business as usual model, 16-22 March). Now it and polypropylene (PP) are under threat from the likely reduction in demand for single-use plastics due to rising concern over the impact of plastic packaging.

This will impact the entire petrochemicals value chain. As the chart, below, confirms, PE is the largest volume plastic, with 92m tonnes produced in 2017, while 68m tonnes of PP was produced. And more than half of PE, and nearly a third of PP, goes into single use packaging. Following the World Economic Forum’s New Plastics Economy report in 2016, and Sir David Attenborough’s Blue Planet II series for the BBC, this application is now under major threat.

The New Plastics Economy involves leading participants from across the global plastic packaging value chain. Its report warned that on current trends, the oceans would contain more plastics than fish (by weight) by 2050 – a clearly unacceptable outcome. The issue is not that PE, PP and most other plastics can’t be recycled. It is simply that the recycling industry has failed to understand the true value of waste plastic as a resource.

Plastics Europe estimates, for example, that Europe produced 60m tonnes of plastics in 2016, but recycled just 5.3m tonnes of plastic post-consumer waste within the EU. This highlights the challenge to current business models in the plastics industry, and the opportunity.

Access to competitive sources of feedstock has been seen as a choice between oil and gas – principally between naphtha in Europe, Asia and Latin America, and ethane in North America and the Middle East. But now recycled plastic is set to be the growth feedstock . The Recycling Technologies company, for example, has developed a modular machine based on pyrolysis technology that chemically recycles unsorted, post-consumer plastics into cracker feedstocks, with the aim of installing a minimum of 10m tonnes/year capacity within 10 years (Polymer recycling comes of age, ICB 25-31 May).

WINNERS AND LOSERS

Paradigm shifts generally produce winners and losers. In this case, the winners will include those plastics producers that adapt to the new opportunity created by the need to produce recycled plastic. This will clearly require investment in recycling facilities, but the sums involved are small compared to the cost of building new olefin crackers or refinery capacity. And in many countries, producers can even expect to be paid to take the recycled plastic as a feedstock, when the alternative is the cost of sending it to landfill.

Business models are already starting to change. The current model was highly successful during the baby boomer-led economic supercycle, when demand grew on a constant basis. Companies could choose to compete via cost leadership or value-added strategies, or via a focus on premium products or service orientation. But now the middle ground is starting to disappear: demand growth is slowing and profits will be squeezed as competition intensifies. We are instead going back to the polarised model that existed before the 1980s:

  • Upstream-integrated companies can choose to adopt a feedstock focus and roll through their margins to the well-head (in the case of ethane) or refinery (in the case of naphtha) as margins come under pressure.
  • Those without this ability, however, need to instead adopt a market focus, as intensifying competition will squeeze non-integrated companies without the safety net of an upstream margin.
  • Market-focused companies have the opportunity to respond to brand-owner and legislative pressure by basing their feedstock needs on recycled plastic rather than naphtha, ethane and other virgin feedstocks.
  • They will need to develop new metrics to measure their progress as they start to build their capability to use recycled feedstocks and create long-term relationships with brand-owners and other stakeholders.

These developments are, of course, bad news for existing feedstock suppliers, which risk becoming losers in this New Normal world. Unfortunately, many oil and gas majors have failed to appreciate the potential impact of the sustainability agenda. Instead, they have mistakenly assumed that rising demand for petrochemicals will help to compensate for demand lost as a result of the changes under way in the transport sector. Similarly OPEC’s recent World Oil Outlook 2040 saw petrochemicals as providing “significant growth” for the future. The International Energy Agency will also need to revisit its assumptions about future demand growth as the impact of the new paradigm becomes more apparent.

As National Geographic reported, the world has produced around 8.3bn tonnes of plastic over the past 60 years, and only 9% has been recycled. This is a shocking waste of a resource. The paradigm shift under way is well overdue and should prove very profitable for those companies that seize the opportunities it creates.

By Paul Hodges
Market outlook Recycling Market outlook Recycling  Market outlook Recycling  Market outlook Recycling  Market outlook Recycling  Market outlook Recycling  Market outlook Recycling  Market outlook Recycling  Market outlook Recycling  Market outlook Recycling  Market outlook Recycling  Market outlook Recycling  
1 2 3 4 5 243
Social media & sharing icons powered by UltimatelySocial