Petrochemical PET Preforms PX News 15-11-2019

Petrochemical PET Preforms PX

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Petrochemical PET Preforms PX

Crude Oil Prices Trend

Crude Oil Prices Trend

-Avantium on growth trail with Japan branch office

Dutch bio-technology company Avantium Renewable Polymers has established a branch office in Japan as part of a strategy to target high-value applications for PEF (polyethylene furanoate) — a plant-based alternative to PET.

This branch office will operate under the name Avantium Japan K.K, the company said on Nov. 13 without specifying the location of the unit.

Petrochemical PET Preforms PX

-LatAm needs more competitive feedstocks as EU-Mercosur trade deal approaches

“The effort from Mercosur in opening up the economy and lowering or eliminating import duties in a period of falling prices is a threat to established industries in South America,” said Antonio Lacerda, senior vice president of chemicals and performance products for BASF in South America, in an interview with ICIS. Petrochemical PET Preforms PX 

“This will be a major topic in 2020 – on how to balance this while respecting that economies have to be open,” he added.

Petrochemical PET Preforms PX

-MORE uptake of recycled polymers in the UK

An online tool for monitoring the uptake of recycled polymers into products is now available for use by converters in the UK.Petrochemical PET Preforms PX 

MOnitoring Recyclates for Europe (MORE) is designed to monitor and register the industry’s efforts to reach the EU target of 10 million tonnes of recycled polymers being used annually between 2025 and 2030.

Petrochemical PET Preforms PX

-Asia’s plastics in limbo amid stalled progress in US-China trade war

Asia’s petrochemical markets remain weak amid stalled progress in the US-China trade feud, as sentiment has devolved into bearishness particularly at the end of the year when buyers are also keen to keep lean stocks.Petrochemical PET Preforms PX 

Buying momentum for import acrylonitrile-butadiene-styrene (ABS) cargoes remains tepid amid the traditionally slower fourth quarter of the year.

Some sellers concede that demand would likely show limited improvement in the near term as production for the year has largely been completed.

Petrochemical PET Preforms PX

-Current chems recycling not enough to make significant dent in oil demand – IEA

Chemicals recycling technologies that would pave the way for petrochemicals to avoid crude oil as feedstock are still not sufficient to drag down overall demand in coming decades, according to the International Energy Agency’s petrochemicals analyst.

Kim Tae-Yoon said that “there is a chance” of innovations in chemicals recycling to catch up in coming years. Petrochemical PET Preforms PX 

But the world’s overall thirst for petrochemicals derivatives like plastics will mean that crude oil remains the fundamental feedstock.

Petrochemical PET Preforms PX

-Coveris targets growth in BOPP beverage labels

Coveris is targeting growth in the BOPP (Biaxially-Oriented Polypropylene) label beverage market supported by continued investment at its manufacturing facility in its Louth, Lincolnshire facility.Petrochemical PET Preforms PX 

Following significant investment over the last 18 months, Coveris has established a state-of-the-art BOPP label manufacturing facility at its Louth site with a dedicated finishing hall and installation of specialist high-speed slitting equipment.

Coveris targets growth in BOPP beverage labels

-First asphalt road with recycled plastic inaugurated in Guanajuato, Mexico

The first global road partially made with recycled plastic was inaugurated in the Mexican state of Guanajuato by a group of companies with the support of the Ministry of Communications and Transportation (SCT).

“The road connects the towns of Irapuato and Cuerámaro, and consists of 4 kilometers in which more than 1.7 tons of post-consumer plastic was used, equivalent to 425,000 flexible plastic packages”, the company Dow said.Petrochemical PET Preforms PX 

This firm was responsible for the production of the modified asphalt along with its allies ViseSurfaxLasfalto and Omnigreen.

First asphalt road with recycled plastic inaugurated in Guanajuato, Mexico

-This plastic-like packaging is made from fish skin and algae

Unlike some “compostable” plastics, which need to be processed in an industrial composting facility to break down, the new material can break down in a backyard compost bin.Petrochemical PET Preforms PX 

This plastic-like packaging is made from fish skin and algae

This new packaging prototype looks like conventional plastic, but it’s actually made from fish waste and algae—and unlike plastic, if it escapes into the ocean, a fish could likely eat it safely. The material, called MarinaTex, is the winner of this year’s James Dyson Award.

This plastic-like packaging is made from fish skin and algae

-adidas to close German and US robot factories

Leading sportswear brand adidas plans to close high-tech robot factories in Germany and the US it launched to bring production closer to customers, saying that deploying some of the technology in Asia would be “more economic and flexible”.

The adidas factories were part of a drive to meet demand for faster delivery of new styles to its major markets and to counter rising wages in Asia and higher shipping costs. It originally planned a global network of similar factories.Petrochemical PET Preforms PX 

adidas to close German and US robot factories Leading sportswear brand adidas plans to close high-tech

Petrochemical PET Preforms PX

Petrochemical PET Preforms PTA News 14-11-2019

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