Petrochemical Bioproducts Hydrogen 14-01-2021 - Arhive
Petrochemical Bioproducts Hydrogen
Crude Oil Prices Trend
-More than 40% of EU plastic packaging waste recycled
In the EU, an estimated 41.5% of plastic packaging waste was recycled in 2018. In seven EU Member States, more than half of the plastic packaging waste generated was recycled.
In 2018, the highest recycling rate of plastic packaging waste was recorded in Lithuania (69.3%), ahead of Slovenia (60.4%, 2017 data), Bulgaria (59.2%), Czechia (57.0%), Cyprus (54.3%), Slovakia (51.4%) and Spain (50.7%).
-India imposes anti-dumping duty on rayon yarn imports for five years
India has made an affirmative final calculations of anti-dumping on imports of rayon yarn from China, Indonesia and Vietnam, and proposed to impose an additional anti-dumping duty ranging from $0.25/kg to $0.8/kg for five years (from 2021 to 2025). The amount of the duty imposed on imports originating in China is USD 0.41-0.8 per kilogram.
For exporters, the amount of the imposed on imports originating in Vietnam is as large as that in Indonesia, reaching USD 0.41 per kilogram and USD 0.44 per kilogram respectively, at the exception of three Indonesian company whose exports are subject to a duty of USD 0.25-0.35 per kilogram, meaning that their competitive advantage has increased significantly. In China, the duty burden is the biggest and Grace, the lowest taxed company in China, exports are also subject to a duty of USD 0.41 per kilogram, which is almost double that of Vietnam and other manufacturers, and 2-3 times that of Indonesia. Petrochemical Bioproducts Hydrogen
-Eneos sets January contract price for benzene in Asia at USD635 per tonne
Eneos (formerly JXTG Nippon Oil & Energy), part of Eneos Holding, a major Japanese petrochemical producer, set the January contract price for benzene in Asia at USD 635 per tonne, up USD60 per tonne compared to the contract price last December, a company source told ICIS . Petrochemical Bioproducts Hydrogen
The price has been approved on CFR Asia delivery terms.
The rise in the company’s January contract price for the material was driven by an increase in spot prices for benzene in the last weeks of 2020.
The December contract price for benzene in Asia was set at USD575 per tonne, which is USD115 per tonne higher than the contract price in November.
Benzene is a raw material for the production of styrene, which, in turn, is the main raw material for the production of polystyrene (PS).
-GCC chemical industry to post 15-20% revenue growth in 2021 – GPCA
The Gulf Cooperation Council’s (GCC) chemical industry is projected to post a 15-20% revenue growth in 2021, reversing the contraction of more 20% last year, on the back of higher output and trade despite no dramatic recovery in upstream crude oil prices.
The projected growth, however, is still lower than the pre-pandemic pace of expansion of 25-30%, when incremental annual revenues were posted at $80bn since 2011, the Gulf Petrochemicals & Chemicals Association (GPCA) said on Tuesday.
Higher oil prices and a demand rebound in end-user industries would drive up revenues this year, it said. Petrochemical Bioproducts Hydrogen
-Polygiene acquires antibacterial additive specialist
UK antibacterial additive supplier, Addmaster, has been sold to Polygiene for $44.5m, with the support of Midlands-based Shakespeare Martineau and Bracebridge Corporate Finance.
The acquisition aims to bring together Addmaster’s antimicrobial technologies on hard surfaces with Polygiene’s odour control and antiviral solutions for textiles.
Addmaster’s Biomaster technology has reportedly been found to be effective on both porous and non-porous substrates against SARS-CoV-2. The company claims Biomaster can give up to 99% protection four hours after it has been added to products, preventing any bacteria or virus growing on everyday items. Petrochemical Bioproducts Hydrogen
Addmaster founder, Paul Morris said: “This is a fantastic deal for our business and gives us the financial backing and global resources we need to maximise the potential of our products, including the world-leading antimicrobial protection offered by Biomaster.”
-NOVA revises its proposed January PE price hike in North America
NOVA has revised its proposed January 1 price increase for polyethylene (PE) from 3 cents per pound (USD66 per tonne) to 6 cents per pound (USD132 per tonne), according to the company’s letter to customers. Petrochemical Bioproducts Hydrogen
The letter says the increase applies to all types of polyethylene and is in addition to the 5 cents per pound price increase the company made in December.
Polyethylene prices are facing upward pressure due to stronger-than-expected demand both domestically and in foreign markets, as well as high raw material costs.
Ethylene spot prices have risen significantly in recent weeks, spot prices have risen to a six-year high, while crude oil futures have bounced back above the USD50 per barrel threshold for the first time since the mid-year coronavirus outbreak began.
-Why does spandex price rise again?
Rigid demand for spandex gradually weakens recently, and many fabric mills intend to shut down for the Lunar Chinese New Year (in mid-Feb). Spandex companies till raised offers by around 2,000yuan/mt last week, and the market price chased up, with price of 20-40D up by around 1,000yuan/mt, bigger for some tight descriptions. Why does spandex price increase again after the New Year’s Day holiday and how about the durability?
Firstly, macro environment is bullish recently. Stimulated by the free inoculation of the vaccine against the COVID-19 and the complete of Sino-Europe investment agreement negotiation, market players presented apparently recovering confidence. In addition, capital fundamental is loose and the interest rate is low.
Participants show higher intention to take long position toward commodity such as oil and stocks. Petrochemical Bioproducts Hydrogen
Supply of spandex such as 20D and 30D for light fabrics for spring and summer wear is tight amid moderate demand, and the delivery needs to queue. Price of spandex 40D inched down in the second half of Dec and sales slowed down. However, spandex enterprises raised price in early-Jan and stocks were low.
-Inex Belgium chooses Sidel’s aseptic solutions to package UHT milk in PET bottles
Belgian milk producer Inex has selected Sidel’s aseptic PET packaging line to help meet a growing demand for locally produced milk, prompted by the COVID-19 restrictions in March. Thanks to Sidel’s new and sustainable packaging line, Inex plans to boost production capacity by supplying ultra-high-temperature (UHT) milk products in PET bottles. Petrochemical Bioproducts Hydrogen
Passionate about sustainability and the delivery of high quality milk, Inex is a 100% privately owned company in the heart of Belgium. It exports 50% of its production to neighbouring countries and produces a variety of authentic dairy products including fresh and long-life UHT milk, dairy drinks, cream and other milk derivatives. The milk is exclusively collected from local Belgian farmers and Inex has established a long-term relationship with its suppliers. Inex manufactures private labels for leading retailers as well as products under its own name.
To increase production capacity and simultaneously reduce its environmental footprint, Inex has cooperated closely with Sidel to design and install the new aseptic packaging line that will package its UHT milk in a safe, sustainable and user-friendly PET bottle.
-AIMPLAS launches MOBACT Project to develop bio-based solutions for health sector
AIMPLAS, Plastics Technology Centre, is developing the MOBACT Project with funding from the Valencian Innovation Agency (AVI). Petrochemical Bioproducts Hydrogen
The MOBACT project, funded by the Valencian Innovation Agency (AVI), is developing bio-based solutions as an environmentally sustainable alternative to metal in order to fight the current major public health problem of hospital-acquired infection.
The project, which will end with the validation of its results in a real hospital environment, involves encapsulating substances so they can be applied both as a furniture coating and an injection product produced at high manufacturing temperatures.
-SK Capital acquires majority interest in Lacerta Group
Lacerta Group, a designer and manufacturer of specialty thermoformed packaging solutions, has secured strategic investment from funds advised by SK Capital Partners, a New York-based private investment firm focused exclusively on the specialty materials, chemicals and pharmaceuticals sectors. Petrochemical Bioproducts Hydrogen
SK Capital is acquiring a majority interest in the business. Lacerta’s co-founders, Ali and Mory Lotfi, will continue to retain a significant ownership stake in the Company. Terms of the deal have not been announced.
Privately held since it was founded in 1993, Lacerta is a leading provider of innovative packaging solutions primarily serving the food sector. The Company offers a comprehensive range of custom PET packaging products, including a leading line of tamper-evident products sold under the “Fresh N’ Sealed” brand. Lacerta has experienced top-line growth of 25 per cent annually since 2013 driven by a customer-centric model that is supported by product innovation and fulfilment through its extensive in-house manufacturing capabilities. Given that the vast majority of its products are 100% recyclable, and the packaging solutions produced by the Company can be made with up to 100% recycled content, Lacerta promotes a more circular and sustainable approach to food packaging.
-Texas well-suited to become leading US producer of low-cost hydrogen: panelists
State benefits from infrastructure, cheap gas, renewables
Texas leads states in wind power capacity Petrochemical Bioproducts Hydrogen
Texas is well-suited to become the leading producer of low-cost hydrogen in the US due to its existing hydrogen infrastructure and proximity to renewables, natural gas and storage resources, according to several people speaking Jan. 12 on a webinar sponsored by the University of Texas.
The Demonstration and Framework for H2@Scale in Texas and Beyond project was announced last September and will continue for three years, according to the DOE. The $10.8 million project is intended “to demonstrate how hydrogen production and use can enable grid resiliency, align domestic industries, increase competitiveness, and promote job creation.”
“Texas is ideal to lead,” said Nico Bouwkamp of Frontier Energy, which has partnered with the DOE to run the Texas initiative. “We think the location is well chosen.”
Bouwkamp was speaking Jan. 12 during the Texas Hydrogen Roundtable webinar sponsored by the University of Texas at Austin.
Petrochemical Bioproducts Hydrogen