Petrochemical Circular Economy ShaleOil 07-01-2021
Petrochemical Circular Economy ShaleOil
Crude Oil Prices Trend
Equipolymers (EQP), a subsidiary of EQUATE Petrochemical Company has once again achieved a global product innovation with the launch of Viridis 30, a food-grade polyethylene terephthalate (PET) manufactured with 30 percent chemically recycled PET as feedstock.
The successful development of Viridis 30reflects EQUATE Group’s alignment with the European Commission’s ‘Strategy for Plastics in a Circular Economy’. Adopted in January 2018, the strategy aims to transform the way plastic products are designed, used, produced and recycled in the European Union.
Viridis 30 is a strong example of EQUATE’s commitment to innovation, and continuous drive to shrink its carbon footprint. The company believes that designing more and better quality recyclates will not only help close the loop in the circular economy, but deliver greater added value for a more competitive, resilient plastics industry.
SudhirShenoy, Senior Vice President at EQUATE Group, said: “Operating in a sustainable economy is a critical area of focus for EQUATE Group, and has driven the development of the Viridis 30 innovation – a demonstration of our industry leadership and excellence. This new product adds a new milestone to the successful manufacture of recyclable materials without compromising on quality and contributes to improved economic and environmental performance for our customers.”
Investment firm Pritzker Private Capital (PPC) says it has acquired the Vertellus group of companies, a specialty chemicals manufacturer.
PPC is investing alongside John Van Hulle, President/CEO of Vertellus, as well as other members of the Vertellus management team. Van Hulle and existing management will continue to lead the business. Petrochemical Circular Economy ShaleOil
Headquartered in Indianapolis, Ind., Vertellus is a leading provider of specialty chemicals for the healthcare, personal care, food & agriculture, coatings and transportation markets. Founded in 1857, Vertellus manufactures more than 700 products that are used in medical devices, vitamins, health & beauty, crop protection, fuel & lube, and other products. The company serves customers across the globe from 10 manufacturing facilities located in the US, UK, India and China.
Mr. Green are very excited to announce the extension of the partnership with DOW to help fight the plastic waste challenge in Kenya and advance a circular economy for plastics in Africa.
The partnership, was officially launched in November 2019 during Dow’s Project Butterfly™ event to raise awareness of the plastic waste issue, influence positive behavior and invest in solutions in waste disposal and recycling initiatives. Petrochemical Circular Economy ShaleOil
The collaboration has so far enabled Dow and Mr. Green Africa to drive positive change in communities in Kenya where a lack of waste infrastructure has led to plastic waste ending up in rivers and informal dumps, as well as creating a market for flexible plastic packaging enabling an additional source of income for workers in the informal waste sector.
By incentivizing waste pickers with a higher, stable income and establishing sorting centers that allow waste pickers to bring plastic waste in for payment, and then enabling this waste to be processed in recycling centers, the partnership has not only created a new market for flexible plastic waste, it has made sorting materials more effective in the region.
Pretium joins u.s. plastics pact, committing to meet ambitious circular economy goals by 2025. Led by The Recycling Partnership and World Wildlife Fund in partnership with the Ellen MacArthur Foundation, the U.S. Plastics Pact will unify approaches to rethink the way we design, use, and reuse plastics. Petrochemical Circular Economy ShaleOil
Pretium has joined the U.S. Plastics Pact, a collaborative, solutions-driven initiative rooted in four ambitious goals intended to drive significant systems change by unifying diverse cross-sector approaches, setting a national strategy, and creating scalable solutions to create a path forward toward a circular economy for plastics in the United States by 2025. The first North American Pact of its kind, the U.S. Pact is a collaboration led by The Recycling Partnership, World Wildlife Fund (WWF), and Ellen MacArthur Foundation.
As part of the U.S. Pact, activators like Pretium recognize that significant, system-wide change is imperative to realize a circular economy for plastics. As such, the U.S. Pact will convene more than 70 brands, retailers, NGOs, and government agencies across the plastics value chain to bring one voice to U.S. packaging through coordinated initiatives and innovative solutions for rethinking products, packaging, and business models.
EUPB is pleased to see that new report clearly identifies several beneficial application areas for biodegradable plastics even though this was not its original focus
This week the European Commission’s Scientific Advice Mechanism (SAM) published a report, entitled “Biodegradability of plastics in the open environment”.
The report identifies applications of biodegradable polymers which contribute towards achieving a circular economy and tackle the challenge of managing the EU’s waste.
“We are pleased to see that this report clearly identifies several beneficial application areas for biodegradable plastics even though this was not its original focus”, says Hasso von Pogrell, Managing Director of European Bioplastics (EUBP).
“We also welcome the call for economic incentives to promote appropriate disposal behaviour as well as the need for further research that it highlights”, he adds.
Petrochemical Circular Economy ShaleOil
With the commitment of Nestlé, ECBF Management GmbH has successfully raised €175 million in total Petrochemical Circular Economy ShaleOil
ECBF Management GmbH today announced Nestlé’s investment in the second closing of the European Circular Bioeconomy Fund (ECBF), the first venture fund exclusively focused on scaling up late-stage circular bioeconomy companies in Europe. Circular bioeconomy includes innovation in the food and feed sectors as well as in sustainable packaging. With the commitment of Nestlé, ECBF Management GmbH has successfully raised €175 million in total. The €93 million raised in ECBF´s second closing has doubled the Fund´s size only two months after it assumed operations.
With a target size of €250 million, ECBF will be an important financial instrument contributing to the European Green Deal of making Europe climate neutral by 2050. Nestlé as well as Neste Oyj, Volkswohl Bund Versicherungen, NRW.BANK and one family office participated in this investment round.
The UK’s leading plastics trade association, the British Plastics Federation (BPF), has launched its first sustainability report looking at wider sustainability initiatives from across the industry. Petrochemical Circular Economy ShaleOil
Sustainability in the plastics supply chain highlights the positive contribution the industry has made towards ongoing environmental issues, covering sustainable manufacturing practices, sector-specific contributions to sustainability and end of life management.
The new report builds upon a 2018 publication, Plastics: A Vision for a Circular Economy, and examines areas where the BPF and its members can positively influence sustainability outcomes and work towards achieving a UK circular economy. It shows how the plastics industry is contributing significantly to strengthening the market for secondary plastics materials, decreasing energy use in plastics processing, and setting new international standards such as the recently announced Publicly Available Specification (PAS 510) to prevent plastic pellet loss
The injection blow moulding or “fibre injection moulding” (FIM) process uses three mould halves to manufacture components Petrochemical Circular Economy ShaleOil
The last ThinKing of 2020 is dedicated to a process with an impressive lightweighting potential: The injection blow moulding or “fibre injection moulding” (FIM) process uses three mould halves to manufacture components. It is an intelligent combination of material-independence and process-engineering expertise that yields components which are not only light in weight but also efficient in terms of cost and material use. This makes them particularly resource- and climate-friendly.
The Development Agency for Lightweighting Baden-Württemberg presents this innovation in its December 2020 edition of ThinKing. Under this label, Leichtbau BW GmbH provides a platform every month for new innovative lightweighting products or services from Baden-Württemberg.
The Italian government will evaluate several proposals to increase production of renewable fuels to accelerate energy transition, as part of its recovery plan for which the country will receive €209bn ($257bn) from the EU. Petrochemical Circular Economy ShaleOil
The projects include conversion of integrated Eni’s 84,000 b/d Livorno refinery into a biorefinery for hydrotreated vegetable oil (HVO) production and construction of a waste-to-methanol plant (WtM) nearby. The conversion would be completed by the third quarter of 2024, and the WtM plant should be operational by the end of that year.
Eni confirmed its willingness “to carry out the appropriate assessments for the start of the conversion of the Livorno refinery into a biorefinery,” but said it is too early to elaborate.
NEXE Innovations Inc., a leader in plant-based materials science and advanced manufacturing technologies headquartered in Vancouver, British Columbia, has developed and is now seeking to further commercialize its fully compostable coffee capsules designed for use in Keurig Brewing Systems. Petrochemical Circular Economy ShaleOil
According to a statement earlier today, the company NEXE placed orders early 2020 for custom-built high-speed automation in order to scale its NEXE Keurig-compatible (“K-Cup”) pod production capacity from 20 million annually toward capacity of up to 120 million pods/year. Delivery and commissioning of the equipment is expected by mid-2021.
The company also announced that pilot-scale composting and sieving tests for measurement of disintegration had been performed on its NEXE Nespresso-Compatible Pods by OWS Labs, and that these conformed to international standards.
Petrochemical Circular Economy ShaleOil