Petrochemical Automotive Recycling CrudeOil 26-11-2020 - Arhive
Petrochemical Automotive Recycling CrudeOil
Crude Oil Prices Trend
-IFC’s US$300 mn loan to Indorama for recycling 50 bn PET bottles
The first-ever blue loan to a global plastic resin manufacturer will lead to the recycling of 50 billion PET bottles/year globally by 2025, including four countries in Asia and one in Latin America, says Thailand-headquartered integrated PET maker Indorama Ventures. The landmark US$300 million financing package has been arranged by the International Finance Corporation (IFC), a member of the World Bank Group, for Indorama Ventures Global Services Limited (IVGS), a subsidiary of Indorama Ventures Public Company Limited (IVL), a global manufacturer and recycler of PET resin.
The funding will help IVL increase its recycling capacity in Thailand, Indonesia, Philippines, India, and Brazil—countries which are grappling with mismanaged waste and serious plastic waste in the environment—and invest in renewable energy and resource efficiency projects.
-Coexpan develops 100 per cent rPS for FFS yogurt packaging applications
COEXPAN, one of the world’s leaders in Form Fill Seal (FFS) food packaging systems, has successfully tested mechanically recycled polystyrene in its FFS facilities at Innotech, (Innovation and Technology Centre of COEXPAN and EMSUR, the rigid and flexible packaging divisions of Grupo Lantero). Petrochemical Automotive Recycling CrudeOil
The company says this project is an integral part of one of the strategic aims of the value chain initiative SCS, of which Coexpan is a member.
SCS innovates together with various partners across the value chain to advance the circularity of styrenic polymers.
The ‘r-PS (r-PET alike’) project involves validating post-consumer PS mechanical recycling as well as using processes and technologies similar to those currently used on PET recycling lines: sorting, washing, flake sorting, super cleaning and melt-filtration.
-RadiciGroup relaunches on sustainable development ( Italian Language Only)
The Italian manufacturing company closes the 2019 sustainability report by scoring numerous goals in the direction of the green economy. Among recycled materials, renewable energy and territorial protection, the group focuses on the circular economy
2019 was a year of sustainability for RadiciGroup. The Italian company specialized in the production of polyamides, synthetic fibers and technopolymers for applications in various fields, from textiles to furniture, has factories in over 20 countries.
Consistent with its mission, the group confirms and relaunches its commitment to sustainable development, in an attempt to combine business objectives with the optimization and protection of environmental and human resources.
The 2019 sustainability report reflects this commitment, which has translated into concrete initiatives and actions such as the launch of new eco-friendly products, waste management, water and electricity consumption and the enhancement of communities and territories.
“The commitment to more sustainable development from an economic, environmental and social point of view is a topical issue even and above all in a delicate moment like the one we are experiencing. In fact, it plays a strategic role in the process of economic and social revitalization and is fundamental to guaranteeing a better future for the generations to come ”, commented Angelo Radici, president of RadiciGroup. «In a profoundly changed context, the sharing of objectives, efforts and experiences is central to continuing to grow. Also in 2019 we gave substance to our mission, creating lasting value through initiatives shared with all our stakeholders.
-Europe capro prices face upward pressure from feedstocks, tighter availability
The European caprolactam (capro) markets continue to face upward pressure in November from the double-digit increase in the price of feedstock benzene, good demand and tighter supply due to an outage at a capro facility in Belgium.
Capro contract price negotiations for November are ongoing in the European market, with some settlements finalised with an upward movement already and others expected to close later this week. Petrochemical Automotive Recycling CrudeOil
Following severe demand destruction during the first coronavirus lockdowns and a three-digit fall in the capro contract price in April, capro values have been gradually picking-up, albeit at a slower pace than the upstream benzene, as supply continued to outstrip demand. The market has become more balanced in September and October.
-Toppan launches full-scale sales of PE and BOPP high barrier films for mono-material packaging
Toppan USA, Inc. has completed preparations for the production and supply of PE and BOPP based additions to its market-leading series of GL BARRIER transparent vapour-deposited barrier films. Petrochemical Automotive Recycling CrudeOil
Full-scale sales of PE-based ‘GL-LE-G’ and BOPP-based ‘GL-LP-G’ will be launched in November, initially for the US and European markets. Toppan can now offer GL BARRIER films with PET, PE, and BOPP substrates to facilitate a full range of functional, mono-material packaging.
Numerous global companies are taking measures towards targets for better circulation of containers and packaging, and efforts to drive recycling by adopting mono-material structures are gaining pace around the world. Toppan has responded to these trends by driving the shift to mono-material functional packaging.
Samples of GL-LE-G and GL-LP-G have been made available to selected customers around the world since late 2019 under the provisional names GL-X-LE and GL-X-LP-G, and extensive assessments have been conducted to confirm their performance and market viability.
-Turkey reinstates Saudi Arabia in customs scheme
Turkey today reinstated Saudi Arabia in a key customs scheme designed to aid Turkish exporters who import raw materials, polymer market participants said.
The move will ease concerns that the exclusion, which was initiated in October, would increase the cost and reduce the flow of polymer imports into Turkey from Saudi Arabia, a key supplier. Petrochemical Automotive Recycling CrudeOil
The so-called Inward Processing Regime allows customs-exempt imports and/or domestic purchases for export purposes, avoiding 6.5pc import duties for polymers.
Responding to calls from major brands in the consumer electronics business and electrics and electronics (E&E) industry as a whole for more sustainable materials, SABIC, a global leader in the chemical industry, announced that its engineering thermoplastics business is expanding its portfolio of CYCOLOY and LEXAN resins containing high levels of post-consumer recycled material (PCR), as per the company’s press release.
Typical applications for the portfolio will include consumer electronics and accessories such as chargers and adapters, printers, copiers and laptop housing.
The new PCR material is blended with the virgin material to create compounds with PCR levels of initially up to 30%. Petrochemical Automotive Recycling CrudeOil
According to an internal SABIC LCA Study, these compounds offer potentially significant reductions in carbon footprint of up to 25% and in energy consumption of up to 30% compared to virgin material.
-Chemical recycling boost could see global plastic packaging recycling rate hit 50%
Approximately 220 million tonnes (MT) of plastic waste is generated globally each year. Of this, around 90MT is mismanaged and leaking into the natural environment, 70MT is landfilled, 30MT is incinerated and another 30MT is recycled.
If the plastics value chain is to become more sustainable, the industry must focus on reducing the amount of mismanaged waste and recapturing as much of its value as possible. To do this, more investment must be allocated to chemical recycling technologies, according to Wood Mackenzie.Petrochemical Automotive Recycling CrudeOil
“Mechanical recycling has, to date, been the best way of capturing the value of plastic waste by turning it into other useful applications. However, the approach has its limitations.
-Hyundai Motor Company and INEOS to Cooperate on Driving Hydrogen Economy Forward
INEOS and Hyundai have signed a memorandum of understating (MoU) to explore potential joint hydrogen businesses, the European chemicals major said on 22 November, said the company.Petrochemical Automotive Recycling CrudeOil
Hyundai and INEOS will jointly investigate opportunities for the production and supply of hydrogen as well as the worldwide deployment of hydrogen applications and technologies. Both companies will initially seek to facilitate public and private sector projects focused on the development of a hydrogen value chain in Europe.
The agreement also includes the evaluation of Hyundai’s proprietary fuel cell system for the recently announced INEOS Grenadier 4×4 vehicle. This cooperation represents an important step in INEOS’ efforts to diversify its powertrain options at an early stage.
Hyundai’s proprietary modular fuel cell system, which evaluation vehicles will use, has already proven reliable and effective in the Hyundai NEXO SUV. The world’s first dedicated hydrogen-powered SUV has the longest driving range among hydrogen-powered vehicles in the market. Hyundai is one of leading company in the field of fuel cell technology having started the world’s first mass production of fuel cell electric vehicles in 2013.
-Bioo launches biological battery that feeds on soil and uses plants to produce electricity
In Spain, Bioo, a biotech startup that generates electricity from nature, has developed Bioo Panel, which collects the electrons liberated in soil from the breakdown of organic substances by its natural microorganisms.Petrochemical Automotive Recycling CrudeOil
Installed underground, Bioo Panel visually fits into the landscape of any yard, garden or park and constantly produces electricity during day and night, regardless of weather conditions.
How it Works:
- A) Rainwater and irrigation leach nutrients and microorganism from the soil to the biological battery.
- B) The biological battery is formed by the anode and the cathode separated by the soil, which provides the organic matter and microorganisms needed to produce a current.
Petrochemical Automotive Recycling CrudeOil