Petrochemical PET Preforms MEG News 13-11-2019

Petrochemical PET Preforms MEG

Naphtha overseas market 

Naphtha overseas market 

Bottle grade PET chips export market

Bottle grade PET chips export market

Crude Oil Prices Trend

Crude Oil Prices Trend

-Fil Doux Textiles Introduces Otratex, Completely Degradable Textile

Dubbed “The Conscious Choice” by Fil Doux Textiles, the company is introducing Otratex™, a collection of degradable vinyl alternatives and the first completely degradable vinyl alternative in the industry.

With a focus on sustainability and craftsmanship from start to finish, Fil Doux Textiles controls the entire production process from their mills in Chile and Brazil, which are powered by wind and solar energy. Otratex is a natural extension for the company, whose textiles all embody the eco-friendly vision of the brand.

Petrochemical PET Preforms MEG

-Is OPEC stuck in a cycle of endless cuts?

This view of the future says a lot about the cartel’s policies in facing the ever-growing US shale which is casting a dismal shadow over the future role which OPEC members are going to be playing in the global oil market.Petrochemical PET Preforms MEG

According to the latest WOO report, OPEC expects its production of crude oil and other liquids to decline to 32.8 million barrels per day (bpd) by 2024 from its current 35 million bpd. This means that the cartel plans to go further with its plans for cutting production even after the current pact is over in 2020.

Petrochemical PET Preforms MEG

-Cutting edge solutions on show at Packaging Innovations 2020

The latest packaging solutions and technologies will take centre stage at Packaging Innovations 2020 when it returns to Birmingham’s NEC on 26 & 27 February. The two-day event will welcome more than 300 industry-leading suppliers to its show floor, with many of them launching their latest developments live at the show.Petrochemical PET Preforms MEG

With more retailers than ever before searching for the best eco-friendly packaging options in response to growing consumer concern, including Tesco which recently pledged to remove a billion pieces of plastic from its stores by the end of 2020, sustainability is high on the agenda for exhibitors.

Petrochemical PET Preforms MEG

-Neste and Ravago begin ‘significant’ chemical recycling collaboration

Neste and Ravago are joining forces to develop chemical recycling of plastic waste with the aim of reaching significant industrial scale. They have set a joint target to reach an annual capacity to process over 200,000 tons of waste plastic.Petrochemical PET Preforms MEG

Neste – a provider of renewable diesel, renewable jet fuel and chemical solutions –  and Ravago – a distributor and recycler of polymers – say they are looking to accelerate the circularity of materials and improve resource-efficiency in the petrochemical industry.

The two companies also want to provide more sustainable alternatives to primary fossil feedstock. They believe chemical recycling of plastic waste will enable the petrochemical industry to meet its recycling targets and develop a more sustainable, climate-friendlier offering.

Petrochemical PET Preforms MEG

-Archroma at ChromaTexChem India with latest innovations

Archroma will be at ChromaTexChem India 2019 from November 14-15 in Bombay Exhibition Centre, Mumbai, to present its latest innovations and solution systems aimed to help textile manufacturers with optimised productivity and/or value creation in their markets. It will also moderate a panel on ‘Sustainable innovation in textile processing’.

The solution systems and innovations presented by Archroma have all been selected for their compliance with ‘The Archroma Way: safe, efficient, enhanced, it’s our nature’. The approach finds its origin in Archroma’s deep belief that it is possible to make the textile industry sustainable.

Archroma at ChromaTexChem India with latest innovations

-Oil prices gain as market awaits signals on US-China trade talks

Oil prices rose on Tuesday, reversing early losses on hopes that US President Donald Trump may signal progress on trade talks with China in a speech later in the day.

Brent crude futures were up 31 cents, or 0.5 per cent, at $62.49 a barrel by 0644 GMT, after dipping to as low as $61.90 earlier in the day.

US West Texas Intermediate (WTI) crude was up 23 cents, or 0.4 per cent, at $57.09 a barrel, having fallen to $56.55.

Oil prices gain as market awaits signals on US-China trade talks

-Growing End-use Adoption to Fuel Sales of PET Stretch Blow Molding Machines Market During the Forecast Period 2017 – 2027

PET stretch blow molding machines produce bottles for juices, water, soda, detergents, soda bottles and several other products by stretching preforms in both the axel direction and the hoop direction.

The PET stretch blow molding machines market is expected to witness a sluggish growth that is mainly driven by the large consumer base of the beverage industry demanding bottles produced by PET stretch blow molding machines.

According to a new research report by Future Market Insights titled ‘PET Stretch Blow Molding Machines Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027,’ the global PET stretch blow molding machines market is expected to grow at a CAGR of 2.2% during the forecast period.

Petrochemical PET Preforms MEG

-Find out why Bio based bottle Market is flourishing worldwide by top key players like Coca-Cola, PepsiCo, Carlsberg

Bio-Based PET bottle is made using renewable biomass sources as one of the ingredients.

BIO-BASED PET – The PET molecule is made of two main elements: terephthalic acid, which comprises 70% of it, and monoethylene glycol, also called MEG, which makes up the remaining 30%.

Bio-based polyethylene terephthalate finds wide applications in bottles, consumer goods, and other technical applications.

The hazardous nature of traditional plastics is pushing governments all over the world to introduce stringent regulations to curb carbon emissions and the usage of harmful plastic products. Now a day’s bio based bottle Market is booming.

Find out why Bio based bottle Market is flourishing worldwide by top key players like Coca-Cola, PepsiCo, Carlsberg

-APLA ’19: Latin American aromatics markets likely to face challenges in 2020

Aromatics markets in Latin America are facing challenging economic conditions and this is likely to continue into the next year, market participants commented on Monday on the sidelines of the annual meeting of the Latin American Petrochemical Association (APLA).

“There is a lot of supply in the market with Mexico and Colombia both trying to raise their export volumes. Demand typically tracks movements in GDP and has not been as strong as expected as several countries in the region are struggling economically,” a market participant commented.

-APLA ’19: Latin American aromatics markets likely to face challenges in 2020

Petrochemical PET Preforms MEG

 

Petrochemical PET Preforms PEF News 12-11-2019

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