Petrochemical Polyamide Recycling Sanctions 31-12-2019

Petrochemical Polyamide Recycling Sanctions

Crude Oil Prices Trend

Crude Oil Prices Trend

-Versalis will stop cracker in Priolo at the end of December for turnaround

Versalis, the petrochemical division of Italy’s Eni SpA, plans to stop a cracking unit in Priolo, Sicily, for repairs in the last days of December, Polymerupdate reports.

The capacity of the cracking unit at this complex is 490,000 tonnes of ethylene and 130,000 tonnes of propylene per year. The maintenance works will last until February next year. Loading at this cracking installation was reduced in November and December.

It was previously reported that Versalis shut repairing this cracking unit in the spring of 2018.

Petrochemical Polyamide Recycling Sanctions

-Oil prices head into 2020 with renewed optimism

Despite the positivity, 2020’s main challenge to oil markets will be continued oversupply

Abu Dhabi: After a year of volatility in the oil market, prices are heading into 2020 with a sense of optimism, with oil markets closing on a fourth straight weekly high on Friday.

Brent was trading at $68.16 with West Texas Intermediate (WTI) on $61.72, as oil prices continued to the ride the momentum of a US-China phase-one trade deal and production cuts by Opec+, which will come into effect starting in January — bringing the group’s total production cuts to 1.7 million barrels per day (bpd).

Petrochemical Polyamide Recycling Sanctions

-Apicorp finance for Sonatrach Italian refinery

Arab Petroleum Investments Corporation (Apicorp) is providing $250m of financing to Algeria’s national oil company Sonatrach for its Italian refinery Sonatrach Raffineria Italiana.

The multinational Arab development bank has agreed two loans with Sonatrach subsidiary Sonatrach Petroleum Investment Corporation (Spic).

A $100m loan will be used to fund maintenance of the Sonatrach Raffineria Italiana complex in Sicily, Italy, which Sonatrach acquired from ExxonMobil in 2018.

Petrochemical Polyamide Recycling Sanctions

-Paraxylene Market to Discern Magnified Growth by 2021

Paraxylene, also known as PX or P-Xylene, is an aromatic hydrocarbon compound, derived particularly from benzene.

Paraxylene is a colorless, toxic, sweet-smelling, and highly flammable chemical at room temperature .

It is found naturally in petroleum and coal tar. Paraxylene or P-Xylene is an isomer of xylene compound, derived from benzene. Some of the other isomers of xylene include O-xylene and M-xylene.

Paraxylene finds its largest application in large-scale manufacturing of terephthalic acid for polyester; also known as parylene.

Petrochemical Polyamide Recycling Sanctions

-A Bioplastic Made From Fish Waste

Although fish leather is part of an ancient tradition, especially in East Asia, it has only recently been rediscovered. The advantage of this material is that its mechanical properties are almost identical to those of conventional leather, but the production process can make use of waste from the food industry.

Lucy Hughes, a student at the University of Sussex has recognized fish waste as a sustainable material source, and has invented a process for turning it into an alternative source of plastic, hoping to solve the problem of both single-use plastics and waste streams.

Petrochemical Polyamide Recycling Sanctions

-Sinopec & LyondellBasell to Form 2nd Chemicals’ JV in China

China Petroleum & Chemical Corporation or Sinopec recently signed a memorandum of understanding with LyondellBasell Industries N.V. (LYB – Free Report) to create a new 50-50 joint venture (JV) for developing a new propylene oxide and styrene monomer unit. This is a second such joint venture between the two companies.

The new unit will likely have an annual production capacity of 300 kilo tons of propylene oxide and 600 kilo tons of styrene monomer. The JV is expected to start the new facility’s construction early next year, which will bring the unit online by 2022.

Sinopec & LyondellBasell to Form 2nd Chemicals' JV in China

-Sustainable packaging evolves with consumer demand

The conversation regarding sustainable packaging is central in today’s perishables industry, as consumer demand for sustainability in food packaging continues to grow.

Packaging companies are pursuing new and innovative methods to package produce, some of which are having surprising and very positive impacts on the logistics of moving perishables.

Sustainable packaging evolves with consumer demand

Petrochemical Polyamide Recycling Sanctions

Petrochemical Circular Economy Sanctions 30-12-2019

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