PET-Bottle-Blowing – Petrochemicals 01-08-2022

PET-Bottle-Blowing – Petrochemicals

Petrochemicals – Bottle-grade-PET 

PET-Bottle-Blowing - Petrochemicals

Crude Oil Prices Trend 

Crude Oil Prices Trend Polyestertime

-Eurozone Q2 GDP stronger than expected on services rebound, July inflation hits new high

Second-quarter eurozone GDP grew by a stronger-than-expected 0.7%, helped by a post-COVID tourism rebound which boosted the services sector, economic analysts said on Friday.

“Sectors related to hospitality (restaurants, bars and hotels) have particularly been outperforming in the second quarter, adding to the small positive growth figure,” according to Bert Colijn, senior eurozone economist at global bank ING.

“The tourism rebound contributed to strong growth seen in Italy and Spain, with quarter-on-quarter growth of 1% and 1.1% respectively.”  PET-Bottle-Blowing – Petrochemicals

Growth was less positive in other eurozone countries, with Europe’s largest chemicals producer Germany remaining stagnant from the previous quarter, data from official statistics agency Eurostat showed on Friday.

ING warned of a downward trend as the services sector rebound eased off and high inflation continued to squeeze spending power.

“From here on, we expect GDP to continue a downward trend as the services reopening rebound moderates, global demand softens and purchasing power squeezes persist. We expect that to result in a mild recession starting in the second half of the year,” Colijn said.

July annual inflation in the eurozone hit a fresh record-high of 8.9%, according to Eurostat in a separate data release on Friday.

The rise from 8.6% in June was driven mainly by continuing high energy prices, followed by food, alcohol & tobacco, non-energy industrial goods and services.

Eurozone Q2 GDP stronger than expected on services rebound, July inflation hits new high

PCX Markets launches global platform for purchasing certified plastic credits

Singapore-based PCX Markets has launched an online platform for purchasing certified plastic credits from multiple providers. PET-Bottle-Blowing – Petrochemicals

The platform is a commercial plastic credit marketplace bringing together partners from around the world on a mission to stop the flow of plastic waste into nature.

PCX Markets will work closely with the established non-profit arm of the business, PCX Solutions, to give companies the opportunity to meet country-specific EPR compliance and achieve voluntary net zero plastic waste certification

Plastic credit projects are verified against globally accepted plastic credit standards such as PCX Solutions’ Plastic Pollution Reduction Standard (PPRS) and Verra’s Plastic Waste Reduction Standard (PWRS).

The PCX Markets platform also provides access to a plastic footprint calculator, which helps organizations understand their footprint and establish plastic reduction and offsetting targets.

The platform offers users projects to match their objectives to remove plastic from the environment and fund waste collection and infrastructure programs.

PCX Markets partners with community-based and institutional projects globally including:

HOPE’s Aling Tindera waste-to-cash program, based in the Philippines, focuses on female microentrepreneurs who champion plastic waste recovery systems in their communities. To date, the program has collected 187,420 kilograms of plastic waste and boosted Aling Tindera incomes by 89 percent on average.

Second Life, a Verra-certified ocean plastic recovery and recycling project has recovered and recycled 2,389,000 kilograms of ocean-bound plastic in Thailand since 2020.

Veolia Thailand’s LDPE recycling plant converts locally-sourced LDPE and LLDPE packaging waste into post-consumer recycled plastics, replacing fossil resources to produce films and bags.

ReCircle, a resource recovery enterprise in India, directs waste away from landfills and oceans through a traceable system to create resources that ultimately feed back into the circular economy.  PET-Bottle-Blowing – Petrochemicals

PCX Markets integrates blockchain-verified, tokenized plastic credit transactions with reporting on the efficacy of given projects. Companies then purchase credits to offset both their essential plastic use and their historic plastic footprints.

PCX has already diverted more than 32 million kg of plastic waste from nature, invested over US$2.7 million into the plastic circular economy, and driven 54,000 tonnes of carbon reduction from coal replacement.

PCX Markets launches global platform for purchasing certified plastic credits

-At K 2022: Improved Automatic Process Control for PET Bottle Blowing

New Process Pilot+ from Agr International offers faster response and flexible goals for keeping PET bottles on spec.

Multiple control loops in Process Pilot+ are said to correct process drift as much as 40% faster and enable startups to reach on-spec bottle production up to 65% faster. (Photo: Agr International) PET-Bottle-Blowing – Petrochemicals

At next month’s K 2022 show in Düsseldorf, Agr International is introducing an enhanced version of its Process Pilot system for automated process management of two-stage (reheat) stretch-blow machines for PET. Like the original version, the new Process Pilot + uses bottle wall-thickness measurements from Agr’s Pilot Profiler inline QC instrument to adjust the machine settings to compensate for changes in the operating environment (temperature, humidity), the preform quality or the material (such as the presence of rPET). The new version incorporates multiple control loops that regulate slow-response processes such as oven temperatures separately from very fast-acting processes like blow pressure and timing. The multiple control loops allow the system to correct process drift as much as 40% faster and also enable startups to reach on-spec bottle production up to 65% faster.

PET-Bottle-Blowing - Petrochemicals

-New In-Mold Labels Enhance Recycling of PP Containers

New PP IML labels from MCC Verstraete separate from PP containers during mechanical recycling to preserve the color and transparency of the container resin.

A new type of PP in-mold label from MCC Verstraete of The Netherlands (U.S. office in Batavia, Ohio) is designed for complete separation of the labels from injection molded PP containers during mechanical recycling. The result is to preserve the white color or transparency of the container material to enable recycling into food-grade rPP suitable for new containers. PET-Bottle-Blowing – Petrochemicals

Today, the monomaterial structure of a PP container with a PP label allows for mechanical recycling of the two without separation for production of new nonfood rPP products such as pails. However, the inks in the label will influence the final color of the rPP, a factor which is often disguised by mixing PP containers of different base colors together for mechanical recycling.

With the release of NextCycle IML labels, MCC Verstraete claims to have found a balance between strong enough adhesion of the label to the container to satisfy the supply chain, and weak enough adhesion to release the label from the container automatically during grinding, regardless of the package shape or PP grade used in the container. After grinding and washing, the lighter, thinner flakes of the ground labels are said to be separated from the heavier, thicker flakes of the ground containers via standard air elutriation systems used by many recyclers (in some cases, right after the grinding stage). According to MCC Verstraete, a single air-elutriation stage is sufficient for separating label and container flakes.

PET-Bottle-Blowing - Petrochemicals

-PEI-Based Resin with Surface Mount Technology (SMT) Capability

SABIC’s Ultem 3473 helps reduce weight of RF filters in 5G Macro cells by up to 40%.

A new polyetherimide-based resin from SABIC is said to be the company’s first PEI with surface mount technology (SMT) capability. Ultem 3473 resin is said to address the growing trend toward smaller, lighter 5G macro cells by providing a possible replacement for metal. For example, Ultem 3473 resin can help reduce the weight of an aluminum radio frequency (RF) cavity filter by up to 40%. In a typical macro cell with 64 filters, this weight saving can be significant. Also, this resin reportedly can help facilitate the design of new, integrated antenna filter units (AFUs), which is not achievable with metal. Using injection molding, the dipole antenna matrix and RF cavity filter body can be produced as one piece. This approach simplifies production and may lead to additional weight savings and system cost reductions. PET-Bottle-Blowing – Petrochemicals

Ultem 3473 PEI boasts performance, processing and assembly advantages over die-cast metal and thermoplastics such as filled PPS. It is said to enable components to withstand very high temperatures, up to 500 F, during the assembly process. With a coefficient of thermal expansion (CTE) similar to that of metal, it has been shown to   provide dimensional stability under a wide range of operational temperatures, from -40 F to 302 F, over the long term. Dimensional stability of the material, in turn, helps ensure consistent signal filtering of the RF cavity filter by minimizing dimensional variations over these temperature ranges. In contrast, the CTE of filled PPS products increases significantly at temperatures above 185 F to 194 F, according to SABIC internal testing.

PEI-Based Resin with Surface Mount Technology (SMT) Capability

-Ineos and Sinopec sign three significant petrochemical deals with an aggregate value of USD7bn

Ineos and Sinopec have today signed three back-to-back deals worth a combined value of USD7bn, said the company.

These landmark agreements are expected to generate a combined turnover of around USD10bn from 7 million tonnes of capacity. The three agreements will significantly reshape Ineos’ petrochemicals production and technology in China.

Firstly, Ineos has agreed to acquire a 50% stake in Shanghai SECCO Petrochemical Company Limited, a subsidiary of China Petroleum & Chemical Corporation (Sinopec). SECCO currently has a production capacity of 4.2 million tonnes of petrochemicals – including ethylene, propylene, polyethylene, polypropylene, styrene, polystyrene, acrylonitrile, butadiene, benzene and toluene. It is a 200-hectare facility, located inside the Shanghai Chemical Industry Park. PET-Bottle-Blowing – Petrochemicals

Secondly, INEOS has agreed to establish a new 50:50 joint venture with Sinopec with the intent to build production capacity of up to 1.2 million tonnes of ABS, to meet rapidly growing demand in China. The 600ktpa ABS plant in Ningbo, which is currently under construction by Ineos Styrolution and is planned to be operational by the end of 2023, will become part of the joint venture. INEOS and Sinopec also plan to work together on two additional 300ktpa ABS plants, which will also be built by the joint venture based on Ineos’ world-leading Terluran® ABS technology. One of these 300kt plants will be located in Tianjin, the location of the third unit is yet to be decided.

Ineos and Sinopec sign three significant petrochemical deals with an aggregate value of USD7bn

-Energy and raw materials impact on Versalis margins
Operating profit lower than last year due to higher costs of oil feedstocks and industrial utilities indexed to gas prices.
Versalis, the chemical arm of the ENI group, achieved an adjusted operating profit of 125 million euros in the second quarter of this year, up compared to the loss of 115 million in the first quarter of 2022, but down by -38% in comparison with 202 million euros for the same period last year. PET-Bottle-Blowing – Petrochemicals
As in the first months of the year, also in the second quarter the result was largely determined by the increases in the costs of oil raw materials and industrial utilities indexed to gas prices, partially offset – reads the quarterly report released today by ENI group – from optimization initiatives aimed at replacing natural gas consumption with cheaper fuels and stable polymer margins.
Considering the first six months, the adj operating profit of chemicals amounts to 10 million euros, against 241 million in the first half of 2021, which had benefited from exceptional market conditions.
Sales of petrochemicals in the second quarter amounted to 1.07 million tons, 6% less than in the same period last year, due to the lower availability of chemicals and raw materials and the unfavorable scenario in particular in the polyethylene segment. In the first half of this year, sales amounted to 2.2 million tons, down 5% compared to the first six months of 2021. PET-Bottle-Blowing – Petrochemicals

PET-Bottle-Blowing - Petrochemicals

PET-Bottle-Blowing – Petrochemicals

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