Petrochemical CrudeOil TextileRecycling 14-12-2020

Petrochemical CrudeOil TextileRecycling

Petrochemical Naphtha Nylon66 Biobased Trend

Petrochemical CrudeOil TextileRecycling

Crude Oil Prices Trend

Crude Oil Prices Trend

-Agilyx, ExxonMobil form Cyclyx plastic-recycling JV

Agilyx and ExxonMobil have created a joint venture that will recover and sort waste plastic, the chemical recycling company said on Friday.

The joint venture, called Cyclyx International, will develop ways to aggregate and process waste plastics, preparing them for recycling.

Under an agreement signed by the two companies, ExxonMobil will invest $8m for a 25% stake in Cyclyx, Agilyx said.

In return, ExxonMobil will get priortised access to plastic waste for recycling projects that it is developing, Agilyx said. ExxonMobil will also get access to Agilyx’s artificial intelligence platform. The two companies will work together to develop more technologies and techniques.

Agilyx said it will benefit from a royalty on all the feedstock flowing through Cyclyx.

Agilyx, ExxonMobil form Cyclyx plastic-recycling JV

-France’s October chemicals output up 7.3%, nears pre-pandemic level

France’s October production of chemicals and chemical products rose 7.3% month on month, following a 6.1% increase in September, according to the latest data by French statistics agency Insee on Thursday.

Chemical output was nearly back to its pre-coronavirus pandemic level – down just 0.2% from February, the last month before the first wave of the pandemic struck Europe.

Chemicals output growth was well ahead of total average manufacturing output growth, which rose 0.5% and 2.3% in October and September, respectively.

Compared with pre-pandemic levels, manufacturing output is still down 5.0% from February, with transportation equipment down 14.0%, the Insee data showed.

France’s overall industrial production grew 1.6% in October, from September, driven by energy and utilities – but is still 3.6% below February.

France’s October chemicals output up 7.3%, nears pre-pandemic level

-Iran’s next annual budget eyes oil prices at $40 a barrel

“The revenue sources for the next year’s budget are not finalised yet by the government … Our primary forecast for now is oil at $40 (a barrel),” Ali Rabiei said

Iran’s next annual budget eyes oil prices at $40 a barrel

“The revenue sources for the next year’s budget are not finalised yet by the government … Our primary forecast for now is oil at $40 (a barrel),” Ali Rabiei said

U.S. President-elect Joe Biden has said he would return to the nuclear pact if Iran resumes compliance.

Iran's next annual budget eyes oil prices at $40 a barrel

-Foreign Ministry: Extension of EU sanctions against Russia signals support for Ukraine in Normandy and Minsk formats

The Ministry of Foreign Affairs of Ukraine welcomed the political decision of the European Council to extend the economic and sectoral sanctions against Russia for the next six months.

“We consider this decision as another strong signal of EU’s support for the efforts of the Ukrainian leadership within the Normandy format and the Trilateral Contact Group to restore Ukraine’s territorial integrity and sovereignty,” reads the statement of the Foreign Ministry.

As Russia has clearly no intentions to follow the full implementation of all Minsk agreements, consolidated political pressure on Russia exerted by the EU in the form of restrictive measures (sanctions) is fundamentally important, the Ministry underscores.

Foreign Ministry: Extension of EU sanctions against Russia signals support for Ukraine in Normandy and Minsk formats

-STADLER opens new test centre in Slovenia focused on plastic sorting and recycling

The new facility will play a dual role as a test centre for customer demonstrations and training, and as an innovation centre housing STADLER’s research and development activities focused on the plastic sorting process. Ideally located within easy reach of two major airports – 60 km from Zagreb 125 km from Ljiubljana – and close to the A2 motorway, it is very accessible to visitors from across the world.

At the new Test and Innovation Centre, STADLER will offer demonstrations of the sorting process – feeding, label removal, ballistic separation, metal separation, non-ferrous metal separation, near-infrared separation with the latest generation NIR technology, and transport with conveyors and screw conveyors. This will help customers make an informed purchase decision, as they will be able to see first-hand the sorting process in the plant designed for them by STADLER. The centre will also provide training for customers, as well as its internal staff.

Petrochemical CrudeOil TextileRecycling

-Recover, the Leader in Sustainable Recycled Cotton, Announces New Funding to Scale Operations and Close the Loop on Fashion

Recover is a family-owned company bringing more than 70 years of innovation in the production of sustainable, recycled cotton fiber; STORY3 Capital invests and fuels expansion

Recover™, a leading material sciences company and producer of sustainable, premium recycled cotton fiber and cotton fiber blends, through a strategic partnership with STORY3 Capital, is expanding to meet the surging demand from the global fashion industry. This strategic partnership will accelerate Recover’s efforts to transform the fashion industry by solving one of the world’s biggest environmental issues. STORY3 Capital brings significant investment, resources, and best-in-class operators to achieve Recover’s growth initiatives.

Recover, the Leader in Sustainable Recycled Cotton, Announces New Funding to Scale Operations and Close the Loop on Fashion

-State of play for collected and sorted plastic waste in Europe

The European Commission’s Circular Plastics Alliance has released its new state of play on collecting and sorting. The report looks at the agricultural, automotive, construction, electronic & electric and packaging sectors – bringing together data from more detailed reports already being undertaken in each sector.

The summary serves to identify common challenges across the sectors: the issues of data availability, achieving high collection levels and the sorting of plastic waste are especially prevalent.

The report points to inconsistencies in reporting between member states due to the variation in the methods applied, which leads to not only difficulties in enforcing regulations, but also in carrying out quantitative assessments.

Another highlight of the report is the need to focus on research and development to improve collecting and sorting. This is true across all industries, each of which has its own unique set of challenges that will need to be addressed.

Petrochemical CrudeOil TextileRecycling

-Editorial Article: Innovative, unbreakable & leak-proof PET media bottles

Here’s what you should know when choosing the best bottles for your cell culture experiment

Biological and chemical reagents must be properly stored to maintain their purity and integrity of composition. Any decrease in purity can result in contamination and subsequently lead to inaccurate experiments and unusable data. When it comes to storing media or sera for cell culture applications, both polyethylene terephthalate (PET) and polyethylene terephthalate glycol (PETG) come highly recommended. Whilst often grouped together and rather similar in name, PETG is advertised to improve upon the already vaunted break-resistance of PET. Does this claim stack up, and how can you make the best decision for your cell culture storage needs?

To meet the growing demand for aqueous solution storage, Corning offers a wide range of its newest PET media bottles. The PET resin used in its manufacturing makes the bottle lightweight, break-resistant, and as transparent as glass.

Petrochemical CrudeOil TextileRecycling

-Automotive – impact on chemicals

The automotive industry has an important relationship with the chemicals sector while remaining an instrumental force on the global economy as an employment-intensive sector.

In a fast-changing world, automotive manufacturing is susceptible to unique challenges. While vehicle manufacturers are impacted by material prices, trends impacting the market ripple upstream.

In October the global light vehicle market was marginally up, selling 91m units/year. However, recovery is still some way off, with global output not forecast to reach pre-pandemic global levels until Q4 2021 (Oxford Economics). Countries that have been most successful in containing the virus have had the sharpest rebound in sales. Many European countries re-imposed the national lockdown trigged by a renewed wave of coronavirus and surge in cases. The German chancellor, Angela Merkel, announced that the ‘lockdown light’ will be extended until the 10th January 2021, although it may be subject to revision. As a result, demand could weaken as unemployment rises and working from home increases over the winter.

Petrochemical CrudeOil TextileRecycling

Petrochemical CrudeOil TextileRecycling

Petrochemical Hydrogen TextileRecycling 12-12-2020