Petrochemical BOPEFilm Hydrogen 28-12-2020
Petrochemical BOPEFilm Hydrogen
Crude Oil Prices Trend
Has the time for the “fuel of the future,” green hydrogen, arrived?
Recently, some of the world’s biggest green hydrogen project developers and partners joined hands to launch the “Green Hydrogen Catapult” initiative that aims to drive down costs to below U.S. $2 per kg to help change energy across carbon intensive industries, including steel.
The seven founding partners include the Saudi-based ACWA Power, CWP Renewables, Envision, Iberdrola, Ørsted, Snam and Yara.
The Green Hydrogen Catapult initiative will try to scale green hydrogen 50-fold in the next six years. The initiative will leverage the support of the Rocky Mountain Institute, a U.S.-based nonprofit organization.
The race to zero emissions is aiming for the deployment of 25 gigawatts through 2026 of renewables-based hydrogen production.
Several major Asian paraxylene producers have announced their material contract prices for January shipments at USD650-710 per tonne, market sources told ICIS .
Thus, South Korean SK Global Chemical (SKGC) announced its contract price for paraxylene for January 2021 at USD700 per tonne, CFR Asia, and American ExxonMobil announced its price for material supplies next month at USD650 per tonne, CFR Asia.
Meanwhile, Reliance has nominated the January material contract price at USD710 per tonne, CFR Asia. Petrochemical BOPEFilm Hydrogen
Spot prices for paraxylene in Asia on December 22 were in the range of USD608-610 per ton, CFR Taiwan / CMP (main ports of China), and on 23 November they were at USD553-555 per ton, CFR Taiwan / CMP, according to ICIS.
Earlier it was noted that Asia could not reach agreement on the December contract prices for paraxylene. This is the twelfth time this year that agreement on contract prices for paraxylene in Asia has not been reached.
Paraxylene is a raw material for the synthesis of terephthalic acid – an intermediate product for the production of polyethylene terephthalate (PET).
Negotiations on the contract price of benzene in Europe for January deliveries will take place on December 28, ICIS reported .
At the same time, a five-day trading window formed on December 17-23.
Negotiations usually take place on the last business day of the month, but will be held earlier this year due to the New Year period.Petrochemical BOPEFilm Hydrogen
The January contract price of styrene in Europe is expected to be approved on January 4, 2021, which is also associated with the New Year holidays. The contract price for styrene is usually on the first business day of the month.
Earlier it was noted that the December contract price of styrene monomer in Europe was agreedat EUR918 per tonne, which is EUR139 per tonne higher than in the previous month. The contract price was negotiated free on board (FOB) Amsterdam-Rotterdam-Antwerp (ARA).
Recycling advocates say for Alberta to become a North American recycling hub, it needs to take plastics manufacturers to task on designing and directing where products go once they’ve been used.Petrochemical BOPEFilm Hydrogen
As part of its natural gas strategy announced in October, the government said it will continue to seek investment in petrochemicals, along with working with the Plastics Alliance of Alberta to make the province a leading jurisdiction for plastics recycling by 2030.
Alberta has its sights set on establishing a circular economy in which plastic waste is reused in new products, something it could be well-positioned to make happen because of its large petrochemical manufacturing industry.
Sumitomo Chemical is planning to study combining propane dehydrogenation (PDH) technology with another technology that efficiently synthesises methanol using hydrogen and carbon dioxide (CO2), the Japanese producer said on Thursday.
Hydrogen and carbon dioxide (CO2) are byproducts from the PDH process.
This initiative is under consideration in Sumitomo Chemical’s petrochemical complex in Singapore, and supported by the Singapore Economic Development Board (EDB) as it can increase economic activity and reduce greenhouse gas emissions, the company said in a statement.Petrochemical BOPEFilm Hydrogen
“Because PDH technology is already well established, Sumitomo Chemical believes that a technology to efficiently synthesize methanol using CO2 and hydrogen will be a new breakthrough that can meet product demand and improve the economics of the petrochemical complex, while also reducing CO2 emissions and mitigating their impact on the environment,” it said.
Plastic is an essential part of modern life, but the way we use it causes major environmental damage. To fix this, we need circular economy and chemical recycling of plastics.Petrochemical BOPEFilm Hydrogen
Executive Vice President Jussi Manninen, Professor of Practise Holger Pöhler and Senior Scientist Anna Tenhunen from VTT and Professor Jukka Seppälä from Aalto University discussed these possibilities at VTT’s Sip of Science.
Currently, we produce globally around 400 million tons of plastics every year and this is expected to increase to 1000 million tons by 2050. Only 10% of plastics is recycled today. EU has set new, demanding targets for recycling. To reach them, we can no longer rely on mechanical recycling alone – we also need chemical recycling.
Six inventions including plastic-free absorbent hygiene products and Cellulose nanofibre assisted biomimetic aerogels for EMI shielding have been nominated for the “Cellulose Fibre Innovation Award”. Of these, three winners will be selected and awarded at the 2nd International Conference on Cellulose Fibres (CCF), to be held during February 2–3, 2021 online.
For the first time ever, the innovation award “Cellulose Fibre Innovation of the Year” will be granted to the innovative cellulose fibre industry for the development of new technologies and applications.Petrochemical BOPEFilm Hydrogen
Cellulose fibres are the fastest growing fibre group in textiles, the largest investment sector in the bio-based economy, and a solution for avoiding microplastics. Producers and inventors along the entire value chain from feedstock to the final product joined the competition.
Mondelez International committed to making all of its packaging recyclable by 2025.
By now most people are aware of that a lot of plastic is floating in our waterways.
As far as back 2015 a study estimated that 8 million tons of plastics are swept into waterways annually — equivalent to a garbage truckload every minute.
In the marine environment, plastics break down into indigestible particles that marine life mistake for food. If no actions are taken, oceans are expected to contain more plastic than fish by 2050.Petrochemical BOPEFilm Hydrogen
In an effort to reduce waste, many companies are reviewing their packaging plans. And they have been pushed to do this over the past several years by a shareholder activist group called As You Sow.
EXPLAINER-Why green hydrogen is finally getting its day in the sun
More than $150 billion worth of green hydrogen projects have been announced globally in the past nine months
Hydrogen has taken off this year as the future green fuel of choice, with governments and businesses betting big that the universe’s most abundant element can help fight climate change. Petrochemical BOPEFilm Hydrogen
More than $150 billion worth of green hydrogen projects have been announced globally in the past nine months. In total, more than 70 gigawatts of such projects are in development, which could require $250 billion worth of investment by 2040, research firm Rystad Energy estimates.
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