Petrochemical PET Packaging Technology News 29-11-2019
Petrochemical PET Packaging Technology
China – Polyethylene Terephthalate
PET and its chain continue to be assessed mixed.
Crude oil price is steady.
Polyamide 6 and its chain continue to be weak.
Naphtha is steady at US $/ton 570 .
PET Bottle grade export 760/815 $/ton – PET Bottle grade domestic market 6,250/6,400 yuan/ton – PET Filament grade SD domestic market 5,900/6,000 yuan/ton – PET Filament grade BR domestic market 5,950/6,050 yuan/ton
PTA Taiwan 595/605 $/ton – PTA domestic market 4,750/4,900 yuan/ton – MEG 550/560 $/ton – MEG domestic market 4,650/4,750 yuan/ton – PX Korea 770/780 $/ton.
Polyester POY 150D/48F domestic market 6,950/7,050 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
Naphtha-based polyethylene (PE) plants in Europe posted an uplift in their contract and spot margins last week following a month of declines, ICIS margin analysis showed.
Those plants where production is based on liquefied petroleum gas (LPG) posted falling spot margins, while contract margins slightly rose week on week.
Freudenberg, a leading technology group, has signed a final agreement to acquire 100% of the shares of Filc, a producer of needle punch nonwoven textiles and laminated materials with a focus on the automotive and construction industry.
Privately-owned Filc is headquartered in Škofja Loka, Slovenia, and operates two more production sites in Mengeš and Lendava, Slovenia, as well as a sales office in Dayton, OH, USA. Filc has around 360 employees. Petrochemical PET Packaging Technology
“With the acquisition, we would like to further strengthen our performance materials business, and expand our portfolio and technological footprint in Europe,” said Dr Mohsen Sohi, Freudenberg Group CEO.
The Coca Cola company in Cyprus said on Wednesday it was banning the use of shrink-wrap in its multipacks of cans and replacing it with 100 per cent recyclable cardboard from a sustainable source.Petrochemical PET Packaging Technology
Hellenic Bottling Company (HBC) said it aims to spend €15 million to change the current plastic packaging, which was also recyclable, with KeelClip cardboard as part of the company’s attempts to solve the packaging problem by 2021 and reduce waste.
Local small and medium enterprises (SMEs) can spur Malaysia’s potential as a global bioplastics hub, according to Malaysian Bioeconomy Development Corporation Sdn Bhd.
Its chief executive officer, Dr Mohd Shuhaizam Mohd Zain said the country has the policies, technologies, knowledge, infrastructure, and feedstock required to create a dynamic and conducive ecosystem for the development of bioplastic.Petrochemical PET Packaging Technology
Manus Bio’s first biotech manufacturing facility in Augusta, Georgia – a 44-acre fermentation and ingredient processing plant – is ready to start producing ingredients for flavors and fragrances, sweeteners, cosmetics, pharmaceuticals, and agricultural chemicals, as the company updated the former NutraSweet artificial sweetener plant, which had been idled since 2015.Petrochemical PET Packaging Technology
So far, the Company has hired 30 full-time employees and more than 70 contractors. Among the company’s first products will be a next-generation Stevia sweetener, which delivers natural, zero-calorie sweetness without the limitations of earlier versions of Stevia.
According to the news website Punchline-Gloucester.com, Cheltenham, UK based advanced materials producer Versarien PLC has announced it has signed a commercial partnership agreement with Sri Lanka headquartered textiles and apparel giant MAS. The two companies have been collaborating since January 2018 to develop new graphene enhanced garments using Versarien’s proprietary graphene ink materials, the website reports.
Graphene inks can be used to add new properties, including thermal, waterproof, fireproof and conductivity to fabrics and garments.Petrochemical PET Packaging Technology
Ecosurety is launching a £1m innovation and research fund for projects that seek to reduce the impact of packaging, batteries or electronic waste.
The environmental compliance scheme said the fund will be spread across three years with individual grant applications of up to £150,000 being accepted.
The fund will support projects and new technologies across the waste and recycling sector by providing a visible funding route for companies, charities, not-for-profits and academic institutions working on projects addressing the environmental challenges that packaging, batteries or e-waste present. Petrochemical PET Packaging Technology
Advanced materials company Versarien recently shared that it has signed a commercial partnership agreement with textile-sector company MAS Innovation. The agreement followed a letter of intent between the parties, which set out their intent to enter into a formal commercial partnership. Petrochemical PET Packaging Technology
The agreement specifies the terms under which the parties would secure commercial orders for garments developed using Versarien’s proprietary graphene ink materials. It allowed both parties to finalize additional contractual terms with third party brands.
Coveris’ new Duralite™ R range offers a shrink film solution that is reportedly both 100% recyclable and contains up to 50% postconsumer recyclate (PCR), plus an optional pre-consumer top-up material.
As part of its ongoing sustainable journey to deliver recyclable flexible packaging solutions, Coveris’ new Duralite™ R shrink film seeks to provide a fully circular solution to meet both the environmental and legislative demands of the future.
Petrochemical PET Packaging Technology