Petrochemical Circular Economy Sanctions 30-12-2019 - Arhive

Petrochemical circular economy Sanctions

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Petrochemical Circular Economy Sanctions

Crude Oil Prices Trend

Crude Oil Prices Trend

-Parx Plastics and PepsiCo sign co-operation agreement

Parx Plastics has announced the signing of a Master Service Agreement with PepsiCo to develop a solution providing a high level of microbiological reduction in high-performance plastics.  Petrochemical Circular Economy Sanctions

Conversations with PepsiCo on applying the Parx Plastics technology started in June 2016. Since then parties have worked together initiating tests and sample production. The agreement announced today sets forth the terms and conditions of the joint development and co-operation. Further details of the agreement are not disclosed.

Petrochemical circular economy Sanctions

-OUTLOOK ’20: Asian PTA supply to lengthen, margins to come under pressure

Asian purified terephthalic acid (PTA) markets are likely to face a supply burden, with China accelerating its expansion plans, amid a weak demand outlook.

China will see new capacities adding up to a total of 9.6m tonne/year of PTA production by the end of 2020.Petrochemical Circular Economy Sanctions

The degree of capacity expansion within the region has slowed considerably in the last two years as shown by the chart below.

Healthy margins in the PTA and polyester industry in the previous two years had spurred investments in new capacities.

Petrochemical circular economy Sanctions

-We can use plastics to change the world for the better

Plastic is often referred to as a material that needs to be eradicated.

There is no doubt that the way we use plastics and our understanding of it as a resource have to change drastically.Petrochemical Circular Economy Sanctions

Yes, there is too much virgin material being produced and too many natural resources are used in the process; combine that with the way the average consumer uses and disposes of plastic, and our current attitudes come as no surprise.

Petrochemical circular economy Sanctions

-European producers intend to at least roll over December PVC prices for January

Negotiations over January shipments of suspension polyvinyl chloride (SPVC) began in the Russian market on Wednesday. Most producers announced a roll-over of December prices for  next month, according to ICIS-MRC Price report.

Traditionally, many converters announced a decrease in PVC purchasing in January partially because of long holidays in the first half of the month.

The current appreciation of the rouble against the dollar also made imported material more affordable for Russian consumers. However, Russian producers do not intend to reduce next month”s PVC prices, and a producer does not rule out a price increase of Rb1,000/tonne.Petrochemical Circular Economy Sanctions

European producers intend to at least roll over December PVC prices for January

-Clothing could be to blame for the number of microplastics in our air

The places we don’t find microplastics keep declining. They’re already known to be widespread in the world’s water, to the point that they’re ubiquitous in the guts of sea turtles and have been discovered all the way in Antarctica.

Scientists have also begun to uncover how prevalent they are in the air. Just like microplastic pollution in water, our clothes appear to be a primary culprit.

Clothing could be to blame for the number of microplastics in our air

-Turkey launches new logistics master plan

Turkey will establish logistic centres stretching along 294 km of junction line, including organised industrial zones, ports and free trade zones, to increase its competitiveness in foreign trade and ensure better integration of all transport networks into commercial operations.Petrochemical Circular Economy Sanctions

The country launched its Logistics Master Plan in Ankara recently.

Industry and technology minister Mustafa Varank said his ministry and the budget and strategy directorate of the transport and infrastructure ministry carried out a joint survey to examine the possibilities of transport modes and their integration into the railways.

Turkey launches new logistics master plan

-Pottery Barn & Aquafil create new rug with Econyl yarn

Pottery Barn Teen has partnered with Aquafil to create a rug for Spring 2020, called the Watercolor Dots Rug. Pottery Barn Teen substituted virgin nylon with Econyl yarn for its sustainable and regenerative qualities. Econyl regenerated nylon is a product of Aquafil, a leader in the synthetic fibres industry and a pioneer in innovation, and sustainability.

Econyl is made from waste that would otherwise pollute the world’s landfills and oceans — including fishnets, fabric scraps, carpet flooring and industrial plastic. Econyl reduces the global warming impact of nylon by up to 80 per cent compared with material generated from oil. The sustainable yarn maintains the same purity and strength characteristics of nylon coming from fossil material, according to Aquafil.

Pottery Barn & Aquafil create new rug with Econyl yarn

-Fulgar acquires intimate wear brand Pompea

Fulgar, a leader in the production of innovative man-made yarns has acquired Pompea, a well-established hosiery, tights and intimate wear brand.

“It’s an all-Italian operation, as Fulgar, based in Castel Goffredo, in the heart of the country’s hosiery district and boasting a turnover of over EUR 200 million, is the top producer of superior quality Nylon 6.6 and European distributor for the Lycra brand,” Fulgar said in a statement.Petrochemical Circular Economy Sanctions

“One of the first companies in the textiles sector to address the issue of sustainability, for over ten years now Fulgar has been implementing a comprehensive Green programme, producing a constantly-growing portfolio of eco-friendly products.”

Fulgar acquires intimate wear brand Pompea

-Libya: Pro-gov’t forces target Haftar’s LNA near Tripoli airport

Libyan state oil firm considering closure of Zawiya port and evacuating staff from refinery due to clashes nearby.

Forces affiliated with the UN-recognised Libyan Government of National Accord (GNA) have launched a new attack on the Libyan National Army (LNA) south of Tripoli.

The Libya Observer reported that the forces carried out the offensive on renegade military commander Khalifa Haftar’s forces in the vicinity of Tripoli airport on Saturday.

Libya: Pro-gov't forces target Haftar's LNA near Tripoli airport Libyan state oil firm considering closure of Zawiya port and evacuating staf

Petrochemical circular economy Sanctions

Petrochemical Crude Oil Sanctions 28-12-2019