Petrochemical ChemicalRecycling Hydrogen 07-12-2020

Petrochemical ChemicalRecycling Hydrogen

Petrochemical PETBottle Nylon66 Biobased Trend

Petrochemical ChemicalRecycling Hydrogen

Crude Oil Prices Trend 

Crude Oil Prices Trend  Polyestertime

-Higher OPEC+ output unlikely to upset oil market rebalancing

OPEC+ members’ decision to slowly ramp up production from next month will be balanced by increased demand as a result of the expected roll-out of coronavirus vaccines, Goldman Sachs said in a note dated Thursday.

The Organization of Petroleum Exporting Countries and Russia agreed on Thursday to ease oil output cuts by 500,000 barrels per day (bpd) to 7.2 million, from 7.7 million now, starting January. Petrochemical ChemicalRecycling Hydrogen

“OPEC+ clearing the hurdle of exiting its current cuts in a coordinated way and its focus on both growing production and drawing inventories reinforces our conviction in a steady and sustainable rally in oil prices through 2021,” Goldman said.

Higher OPEC+ output unlikely to upset oil market rebalancing

-Developing a circular and sustainable bioeconomy for Europe: new report by the Network of Experts on Bioeconomy sets out the main opportunities and challenges ahead

External experts reviewed and synthesised relevant knowledge and data on the current bioeconomy landscape and research & innovation developments

The Network of Experts on Bioeconomy calls for a bolder transition towards a circular, sustainable and transformative BioWEconomy. ©European Union, 2020

The ad-hoc Network of Experts on Bioeconomy created to contribute to the European Commission’s Knowledge Centre for Bioeconomy has synthesised knowledge from different sources to inform policymaking on the future transitions for a Bioeconomy towards Sustainable Development and a Climate-Neutral Economy.

This is part of a forward-looking analysis promoted by the European Commission’s Knowledge Centre for Bioeconomy (KCB) to explore transitions towards a sustainable, clean and resource-efficient bioeconomy. Petrochemical ChemicalRecycling Hydrogen

Developing a circular and sustainable bioeconomy for Europe: new report by the Network of Experts on Bioeconomy sets out the main opportunities and challenges ahead

-Saudi Arabia raises official January crude oil price

Saudi Arabian state oil giant Aramco has raised the January price for its Arab light crude to Asia to $0.30 a barrel over Oman/Dubai crude, up $0.80 from December, a company document showed.

It has also set the January OSP of its Arab light crude oil to the United States at plus $0.55 a barrel over ASCI (Argus Sour Crude Index), down $0.30 a barrel from December, according to the document.Aramco also set its OSP for Arab light crude oil to Northwestern Europe to minus $1.40 a barrel to ICE Brent.

Meanwhile, Iraq’s oil minister praised the latest OPEC deal, saying it would help to boost oil prices over $50 a barrel. He stated that his country’s 2021 budget will be based on a price of $42.

Saudi Arabia raises official January crude oil price

-New catalyst resolves hydrogen fuel cell cost, longevity issues

As people move toward cleaner transportation, hydrogen fuel cells are gaining popularity for automotive applications. Petrochemical ChemicalRecycling Hydrogen

But the technology has traditionally been hindered by issues of component cost and longevity, which have prevented it from gaining a firm foothold in the automotive industry.

Recently, a multi-disciplinary, multi-institutional group has identified a solution to both of these issues in a key fuel cell component – the catalyst used to drive the reactions.

Their research was recently published in the journal Nature Catalysis.

Petrochemical ChemicalRecycling Hydrogen

-Partnership creates antimicrobial textiles for healthcare industry

Microban International, a leader in antimicrobial technologies, and ​Manchester Mills​, a leading textile producer committed to innovation with a customer first approach, announced today an exclusive partnership to provide antimicrobial treated textiles to healthcare facilities. The products will be sold directly and exclusively to the healthcare industry via Manchester Mills and their distributor network.

“At Manchester Mills, we are dedicated to developing smart, thoughtful textile solutions that ensure peace of mind,” said Elizabeth McNulty, Senior Vice President and General Manager at Manchester Mills. “The Protect360 products we are launching with Microban are truly innovative and provide added ​protection for specialized facilities. We look forward to adding Microban technology into more Manchester Mills products to service the healthcare industry.”  Petrochemical ChemicalRecycling Hydrogen

Key offerings of the Protect360 product line include mattress encasements and pillow protectors that are treated with Microban antimicrobial product protection and inhibit the growth of product damaging bacteria.

Petrochemical ChemicalRecycling Hydrogen

-Andritz acquires French fibre processing specialist

International technology Group Andritz has signed an agreement with Laroche, based in Cours, France, to acquire LM Industries, comprising Laroche SA and Miltec SA, France.

Andritz will take over all Laroche entities and their business worldwide. Closing of the transaction, which is subject to approval by the Andritz Supervisory Board, is expected at the beginning of 2021.  Petrochemical ChemicalRecycling Hydrogen

Laroche is a leading supplier of fibre processing technologies such as opening, blending and dosing, airlay web forming, textile waste recycling and decortication of bast fibers. The product portfolio further complements the Andritz Nonwoven product range. Andritz is now able to offer the complete supply and value chain, from the raw material, to opening and blending, web forming, bonding, finishing, drying, and converting.

Laroche’s high-performance technologies for opening and blending enhance the Andritz scope of supply for spunlace, needlepunch and wetlaid production lines.

Petrochemical ChemicalRecycling Hydrogen

-Protein-rich juice hits Colombian shelves in Amcor PET bottle

Amcor has developed a new hot-fill PET bottle for Colombia’s Nutrea/Frudelca’s breakthrough Frupro protein juice.

Protein-rich juice hits Colombian shelves in Amcor PET bottle

Amcor has developed a new hot-fill PET bottle for Colombia’s Nutrea/Frudelca’s breakthrough Frupro protein juice. Petrochemical ChemicalRecycling Hydrogen

Amcor is a pioneer in the development of PET heat-set technology, which allows beverages to be filled at temperatures up to 185°F (85°C) to ensure product quality and extended shelf life.

Frupro protein juice will be launched this month in Colombia. Nutrea/Frudelca is responding to a growing trend among consumers who are moving to healthy beverage options while also leveraging Amcor’s leadership in hot-fill beverage packaging. According to Euromonitor, the category is expected to grow by nearly double the pace of other segments.

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-The importance of recycling: Filtec plays an active role

Filtec, a family company founded in 1993 in Badia Polesine, Italy, designs, develops and sells solutions for the polymers pelletising process. Its mission is to design and customise high-performance and high-reliability cutting systems. Filtec produces every type of pelletiser (Underwater, Water Ring and Dry Cut). The wide range of quality products includes vertical and horizontal centrifuges, screen changers, vented vibrating screens and water filters. Petrochemical ChemicalRecycling Hydrogen

In order to move towards a circular economy, more plastic waste needs to be recovered and reused. Indeed, part of Filtec’s business is represented by the creation and production of machines involved in recycling processes. The high demand for Filtec centrifuges shows the increasing importance given to recycling. This product can be used both in washing and drying plants and enables the fast cleaning and quality drying of pellets, flakes or chips.

Petrochemical ChemicalRecycling Hydrogen

-Nordson to sell screw/barrel product line to Altair Investments

US firm Nordson Corporation is divesting its screws and barrels product line from its polymer processing systems (PPS) division to Altair Investments.

Nordson adds that this divestiture represents a portfolio realignment consistent with its strategy to drive profitable growth through highly differentiated products serving attractive end markets. Petrochemical ChemicalRecycling Hydrogen

Terms were not disclosed but Nordson expects the portfolio transaction to improve the company’s ongoing earnings and require a one-time, non-cash asset impairment charge of approximately US$87 million.

“This action underscores our commitment to align and focus our resources with the best strategic opportunities for long-term profitable growth,” the company added.

Nordson to sell screw/barrel product line to Altair Investments

Petrochemical ChemicalRecycling Hydrogen

Petrochemical ChemicalRecycling Packaging 05-12-2020