Petrochemical PEF Circular Economy News 10-12-2019 - Arhive
Petrochemical PEF Circular Economy
China – Polyethylene Terephthalate
PET and its chain continue to be assessed mixed.
Crude oil price is weak.
Polyamide 6 and its chain are steady.
Acrylonitrile is weak.
Naphtha is steady at US $/ton 562
PET Bottle grade export 770/820 $/ton – PET Bottle grade domestic market 6,350/6,500 yuan/ton – PET Filament grade SD domestic market 6,000/6,100 yuan/ton – PET Filament grade BR domestic market 6,050/6,150 yuan/ton
PTA Taiwan 600/610 $/ton – PTA domestic market 4,750/4,850 yuan/ton – MEG 585/595 $/ton – MEG domestic market 4,950/5,050 yuan/ton – PX Korea 785/795 $/ton.
Polyester POY 150D/48F domestic market 6,800/6,900 yuan/ton – Polyester DTY 150D/48F domestic market 8,550/8,650 yuan/ton – Polyester Staple PSF domestic market 6,700/7,800 yuan/ton
-Crude Oil Prices Trend
-Polyethylene’s crisis will create Winners and Losers
Polyethylene markets (PE) are moving into a crisis, with margins in NE Asia already negative, as I have been forecasting. Scenario planning is now a matter of potential life or death for companies likely to be impacted over the next 12-18 months.
The collapse in margins is already quite dramatic as the chart based on ICIS data shows:
NEA margins were $657/t in January 2017, and are now -$100/t; SE Asian margins have fallen from $909/t to $103/t
NW Europe margins are down from $739/t to $300/t; US Gulf margins are down from $965/t to $603/t: Middle East margins are down from $1125/t to $833/t
-More plastic could help create a circular economy
As consumer demand increases and more companies pledge to use recycled materials, a plastic paradox has surfaced. Now, more plastic needs to be collected to meet the rising demand for eco-friendly materials Petrochemical PEF Circular Economy
Plastic is a valuable material with good versatility. Its value, however, is lost if it’s not treated correctly throughout its life cycle. While consumer awareness grows, governments continue to set regulations to reduce plastic consumption, and companies around the globe are responding with commitments to use recycled materials in their products and packaging. However, this increased demand has created a plastic paradox: there isn’t enough plastic being collected and recycled to meet fresh demand and preserve the planet’s non-renewable resources.
-TOMRA aims to lead a plastic resource revolution
Plastic seems to have become public enemy number one. Barely a day goes by without this material receiving bad press for cluttering our streets or damaging marine life. But while plastic is not bad per se, the way that society is treating it throughout its life cycle is.
With demand for plastic continuing to grow, governments and private organisations are not doing enough to collect and recycle the material to create a closed loop; a resource revolution is needed. Petrochemical PEF Circular Economy
TOMRA, a resource optimisation firm based in Norway, believes that it offers a way to satisfy demand without compromising the planet’s collective environmental conscience.
-Is shale development worth the costs? A CMU study says no.
Research finds shale gas jobs don’t offset damage done
Although the massive shale gas build-out in the Appalachian Basin has produced significant economic benefits, a new Carnegie Mellon University study says all the drilling, fracking and cracking isn’t worth the environmental, health and climate damage.
The study estimates air pollution from shale gas development activities in Pennsylvania, Ohio and West Virginia from 2004 to 2016 resulted in 1,200 to 4,600 premature deaths in the region, and while most of the added employment occurred in rural areas, most of the health impacts were felt in urban areas. Petrochemical PEF Circular Economy
-American Beverage Association launches ‘Every Bottle Back’ campaign
Someone from the plastics industry once commented to me that “you can’t recycle it if you can’t get your hands on it.” The American Beverage Association (ABA; Washington, DC) announced that America’s leading beverage companies—the Coca-Cola Co., Keurig Dr Pepper and PepsiCo—have initiated a “breakthrough” effort to increase recycling rates and reduce the use of virgin resin by increasing collection of the industry’s valuable plastic bottles to make into new bottles.Petrochemical PEF Circular Economy
The goal is stated in the name of the initiative—Every Bottle Back—that will support the circular plastics economy by reinforcing to consumers the value of their 100% recyclable plastic bottles and caps and ensuring they don’t end up as waste in oceans, rivers or landfills, said the announcement.
-Why cost of oil production may remain high – Experts
Unless a pragmatic approach aimed at reducing operating costs is deployed, stakeholders have raised concerns that cost of oil production will continue to be high in Nigeria compared to that of other oil-producing countries.Petrochemical PEF Circular Economy
While crude oil is produced in some countries for less than $8 per barrel, it is hovering around $28.99 in Nigeria. Several attempts to reduce the cost in the past have been unsuccessful, but the Minister of State for Petroleum Resources, Timipre Sylva has said that he is poised to bring it down to $9 per barrel.
-VW seeks partner for Sitech seating business
Volkswagen is looking for a partner for its Sitech seating business to share development costs for new technologies.Petrochemical PEF Circular Economy
Thomas Schmall, head of VW Group Components division, sees a chance for Sitech to develop seating solutions for autonomous cars, where occupants may not be in the conventional position facing forward when a crash occurs.
-Both EBM and IBM tech enable designing innovative solutions, says Kapote
Extrusion Blow Moulding (EBM) and Injection Moulding (IBM) are processes extensively used for the production of HDPE (High-Density Polyethylene) and PP (polypropylene)products.Petrochemical PEF Circular Economy
Both EBM and IBM technologies offer freedom in designing innovative packaging solutions, according to Sanjay Kapote, CEO, Manjushree Technopack.
“Premiumisation of products like curvy bottles, with variable neck and innovative flip top caps are the need of the hour. NowEBM and IBM technologies allow packaging solution providers like us todeliver these design capabilities,” he stated.
-Techtextil, Texprocess Americas to snapshot industry future
The largest event for technical textiles, nonwovens, machinery, sewn products and equipment in the Americas returns to Atlanta, May 12-14, 2020.
The themes for the 2020 editions are ‘Converging Technologies’ and ‘Igniting Progress’, emphasising the events’ reputations as catalysts for modern textile manufacturing. Each show’s features will highlight the important contributions of product and process innovators to moving the industry forward.Petrochemical PEF Circular Economy
-EU clears Alpek’s acquisition of Lotte UK
The European Commission has approved the proposed acquisition of Lotte Chemical UK Ltd by petrochemicals giant Alpek, part of Mexican conglomerate Alfa Group.
In its decision, announced Dec. 4, the European Commission concluded that the proposed transaction would raise no competition concerns given the limited horizontal and vertical overlaps between the activities of the companies.Petrochemical PEF Circular Economy
-Australian researchers discover how to reclaim polyester
Queensland University of Technology in Australia says it has discovered how to separate polyester from blended fabrics without damaging the fibres.
Australians send around 500 000 tonnes of textiles to landfill every year which translates to clothing worth AU$ 140 million (EUR 86.4 million) annually. Such items tend to have an average lifetime of only a couple of months. Smart minds across the world are asking the question; how can we do better? Petrochemical PEF Circular Economy
Professor Robert Speight and Dr. Laura Navone report that a commercial enzyme is able to dissolve wool fibres from polyester and wool mix fabrics. ‘The polyester extracted from fabric can be made into polyester chips and turned into anything from yarn for new textiles to playground equipment,’ Speight says.
Petrochemical PEF Carbon Fibers News 09-12-2019
Petrochemical PEF Circular Economy