Petrochemical Bioplastic Recycling CrudeOil 27-11-2020
Petrochemical Bioplastic Recycling CrudeOil
Crude Oil Prices Trend
Supply tight with limited offers, low stocks
Buyers turn to local supply amid shipment delay
Cautious sentiment seen with mixed outlook
Singapore — Polypropylene prices hit a 13 to 18-month high across Asia on Nov. 25 amid bullish fundamentals, few offers for international trades, and limited container availability.
The PP raffia CFR Fareast Asia marker soared $70/mt on the week to $1,125/mt on Nov. 25, the highest since May. 14, 2019, when the marker was assessed at $1,150/mt.
Similarly, the PP raffia prices rose $55/mt be assessed at $1,115/mt CFR Southeast Asia, hitting an 18-month high as well since May 2019. Meanwhile, the PP raffia CFR South Asia marker was up $50/mt on the week to $1,120/mt on Nov. 25, the highest since October 2019.
In conjunction with European Hydrogen Week, global power leader Cummins Inc. shared new research revealing that more than half of the United Kingdom (UK) commuters would be willing to travel to work on a train or bus powered by hydrogen to lower their carbon footprint and reduce emissions and nearly half of commuters in Belgium and Germany expressed the same view, said Hydrocarbonprocessing.
This new data was obtained through a survey of 6,000 respondents in Belgium, Germany and the United Kingdom in October 2020. Petrochemical Bioplastic Recycling CrudeOil
“It is encouraging to see that citizens and governments across Europe are prioritizing the climate and understand that investment in hydrogen technologies is a path to improve the environment and fuel economic recovery from the impact of COVID-19,” said Amy Adams, vice president of Fuel Cell & Hydrogen Technologies at Cummins. “With both the EU and the UK pledging to be carbon-neutral by 2050, there is, in short, real appetite from policymakers and citizens to make a collective difference. Hydrogen is a key part of Cummins’ portfolio of solutions to help our customers succeed and as a path toward zero emissions.”
The survey results demonstrate positive attitudes towards clean technology alternatives for public transport, with about 40% consumers in Belgium, Germany and the UK willing to pay GBP1 or EUR1 more for their daily commute in order to lower their carbon footprint.
Neste is launching a new product, Neste RE, a 100% renewable and recycled raw material for plastics and chemicals production. It is a product for tackling climate change through reducing the need to use virgin fossil resources, while it also provides a new solution to the end-of-life related challenges the polymers and chemicals industries are facing today. Neste RE can be used in a wide range of plastics applications, from sports gear to toys, even in sensitive applications such as high-performing medical equipment. Neste RE makes it possible to use bio-based waste and residues and waste plastic in the manufacture of high-quality products. Petrochemical Bioplastic Recycling CrudeOil
World’s economy is only 8.6% circular today (source: Circular bioeconomy study, 2020, WBCSD & BCG). The urgency to move towards a truly circular economy is high (source: IPCC Global warming report) and will deserve a variety of different technologies.
A large number of components in automobiles are made from plastics; these have to meet exacting safety, heat-resistance and quality requirements.
That is why, so far, only petroleum-based materials have been suitable for manufacturing plastic components in automobiles that are subjected to particularly intensive wear.
Such materials are not recyclable in most cases.Petrochemical Bioplastic Recycling CrudeOil
Whereas plastics of the same type can often be mechanically recycled, recycling of mixed plastic waste poses a major challenge. Petrochemical Automotive Recycling CrudeOil
Audi and the Karlsruhe Institute for Technology (KIT) are therefore launching a pilot project for chemical recycling as part of the “Industrial Resource Strategies” THINKTANK in order to feed such mixed plastic fractions back into a resource-conserving circular system.
Croda says it has completed the acquisition of the entire issued share capital of flavors and fragrances company Iberchem Group (Murcia, Spain) from investment company Eurazeo, said Chemweek. Petrochemical Bioplastic Recycling CrudeOil
It follows an announcement by Croda last week. Croda says it has agreed to acquire the entire issued share capital of flavors and fragrances company Iberchem Group (Murcia, Spain) from investment company Eurazeo for EUR820 million (USD975 million) on a debt-free, cash-free basis. The sum will be funded via a combination of Croda’s existing debt facilities and the proceeds of a ?600-million (USD798 million) equity placing representing 8% of Croda’s issued share capital, the company says. Acquiring Iberchem marks Croda’s entry into the flavors and fragrances market. The transaction is expected to close by the end of 2020, Croda says.
The acquisition price represents a multiple of 20.5 times Iberchem’s estimated 2020 EBITDA, according to Croda. “We have known Iberchem’s team for many years and their business is highly compatible with Croda’s. Iberchem stands out with its significant exposure to emerging markets, extensive product portfolio well placed to adapt to sustainability trends, strong customer focus and R&D capability, and 10-year track record of consistent year-on-year growth. By bringing our businesses together, we are creating a new, full-service offering to our customers in consumer-care markets and a compelling platform from which to grow the combined business in the years ahead,” says Steve Foots, CEO of Croda.
Sentiment in Europe’s polyethylene (PE) and polypropylene (PP) markets has shifted after a long period of low prices, according to Linda Naylor, senior editor.
Some PE and PP grades tighten Petrochemical Bioplastic Recycling CrudeOil
Monomer contracts expected imminently
December spot prices already firm
UK-based biotech company Toraphene is preparing to unveil the world’s first truly biodegradable, compostable and commercially viable alternative to plastic packaging.
The company has developed a new material, also called Toraphene, that uses biopolymers that compost naturally and biodegrade without human intervention, even in the ocean.
The biopolymers are combined with Nobel Prize-winning graphene, which is derived from carbon and is stronger than diamond at an atomic level. Petrochemical Bioplastic Recycling CrudeOil
Romanian company Green Tech, part of Green Group, is the first company in Europe validated by Gold Standard to issue CO2 certificates (VERs) resulting from PET waste recycling activity. Thus, Green Tech becomes the first company in Europe to issue 453.000 CO2 certificates, the equivalent of the tons of emissions saved by recycling PET waste over a period of 10 years. Petrochemical Bioplastic Recycling CrudeOil
The validation of the project, named „Reducing CO emissions through PET recycling”, took 4 years, while rigurous measurements regarding emissions, energy and fuel consumptions were made throughout the entire PET recycling chain of operations performed by GreenTech.
„GreenTech collects and recycles PET bottles, resulting new products made of 100% recycled content such as: PET strap, foodgrade rPET and recycled polyesteric staple fibers. Gold Standard validation is a recognition that obtaining new products at GreenTech from PET waste rather than using virgin input (petroleum based), 48% CO2 emission savings are achieved. The estimated annual average GHG emissions reduction is 45,380 tons of emissions per year, given as carbon credits that can be used for offsetting a company’s carbon footprint”, said Alina Genes, CEO of GreenTech.
SIPA provides equipment for the production of a huge range of edible oil bottle sizes: from single serve up to 30 liters.
Some big names in the edible oil business around the world have turned to SIPA for complete filling lines for PET bottles. Petrochemical Bioplastic Recycling CrudeOil
SIPA has strength in depth in plant engineering. Customers can consult with its experts to obtain optimum solutions that save them money and space while delivering the quality they need to be strong in the market. The evidence speaks for itself: SIPA has installed hundreds of lines for edible oil all around the world.
Fast and flexible choices in blow molding
On the blowowmolding process, SIPA can provide fast and super-flexible solutions. For fast production and sizes up to 3 liters the revolutionary rotary blowmolding system XTRA can do the job while for asymmetrical, handled, large and extra large size containers SFL Linear Blowmolding platform is the best.
Mexico is one of the world’s ten biggest producers of Municipal Solid Waste on account of its vast size and large population. The country generates around 120,000 tonnes of waste a day, which add up to 44 million tonnes a year. This situation has been further aggravated by an increase in waste (estimated at between 3.3 and 16.5% according to a study conducted by the Instituto Nacional de Ecología y Cambio Climático de México – the National Institute for Ecology and Climate Change) due to the country’s lockdown period, which has affected patterns in consumption and medical treatment. In this situation, the new sorting plants based on the automation of waste management, take on even greater importance for their potential to improve the environmental situation in Mexico and boost the circular economy. Petrochemical Bioplastic Recycling CrudeOil
“STADLER aims to be a driver in the change that Mexico needs to achieve a green economy standard shaped by technological innovations and business models . Both will undoubtedly bring environmental, social and economic benefits,” explains Natalya Duarte, Sales Manager for Mexico at STADLER.
Petrochemical Bioplastic Recycling CrudeOil