Petrochemical PP Biobased Automotive 16-12-2019 - Arhive

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Petrochemical PP Biobased Automotive

Petrochemical Polymers Polyolefins PET Prices

Petrochemical PE Biobased Automotive

-Crude Oil Prices Trend 

Crude Oil Prices Trend 

-PET export resume its operations

A key petrochemical company in Iran significantly increased its production of polyethylene terephthalate, or PET plastic, allowing the country to resume export of a product which has a high demand in bottling and textile industries.

Reza Qassemi Shahri, who serves as the CEO of Shahid Tondgooyan Petrochemical Company (STPC), said that PET output for export had reached a historic record of 110,000 tons per month over October and December this year, reported Press TV.

Qassemi said that new production capacity had allowed the STPC to resume exports of bottling and textile PET in November, a move he described as a major achievement as it could lead to more foreign currency revenues for Iran at a time the country’s oil industry is under the American sanctions.

PET export resume its operations

-BillerudKorsnäs reveals new eco-friendly plant-based barrier paper

The company argues that the paper-based packaging used in bakeries, food outlets and quick service restaurants often contains a treatment of a non-decomposable high-fluorinated chemical, known as PFAS.

Now BillerudKorsnäs is launching Repel Pure, a paper where the grease-resistant barrier is plant-based and totally biological.Petrochemical PP Biobased Automotive

“Today we see an increasing demand for alternatives to PFAS treated products. After working for a long time to find a sustainable alternative to surface treatment with high-fluorinated substances, we are very proud to present our paper Repel Pure,” says Helene Biström, Executive Vice President Division Paper at BillerudKorsnäs.

Petrochemical PP Biobased Automotive

-U.S. Polyester Textured Yarn Producers Applaud U.S. International Trade Commission’s Final Unanimous Affirmative Injury Determination on Imports of Polyester Textured Yarn from China and India

On December 12, 2019, the U.S. International Trade Commission (the “USITC”) reached a unanimous affirmative decision in the final injury investigation on imports of polyester textured yarn from China and India (“subject imports”).

As a result of the USITC’s final affirmative determination, which is expected to be published at the end of December, the U.S. Department of Commerce (“Commerce Department”) will publish antidumping duty (“AD”) and countervailing duty (“CVD”) orders covering the subject imports. Petrochemical PP Biobased Automotive

Petrochemical PP Biobased Automotive

-Second Blow/Label/Fill Block for Water Bottler

Kane Richmond, CEO of Silver Springs Bottled Water, was so pleased with his first InnoPET TriBlock in Mississippi that he wasted no time in procuring a second one for his plant in Florida.Petrochemical PP Biobased Automotive

The stretch blow molder/labeler/filler block is part of what’s now the family business’s eleventh line from KHS. “The Richmonds have always been among the very first to opt for our new technologies. In 2008, for instance, they invested in KHS’s latest InnoPET BloFill stretch blow molder/filler block. And in 2017 they were the first to commission the KHS InnoPET TriBlock with a labeler integrated between the stretch blow molder and filler,” says Alcides Vieira, Vice President Sales & Marketing at KHS USA.

Petrochemical PP Biobased Automotive

-Indonesia local PP suppliers cut offers as import prices fall

Local polypropylene (PP) suppliers in Indonesia cut offers in the week to compete with imported cargoes, whose prices have been on a steady decline.

List prices for locally-produced PP flat yarn grade were at Indonesian rupiah (Rp) 15,570/kg DEL (delivered) Java, down from last week’s list price of Rp15,770/kg DEL Java.

Indonesia local PP suppliers cut offers as import prices fall

-UK chemical industry urges new government to ‘get Brexit right’

Following a Dec. 12’s general election in the United Kingdom which gave a large majority to the Conservative Party, the U.K. Chemical Industries Association has urged the new government to “get Brexit right.”

In a statement, association CEO Steve Elliott said: “The country now has the political clarity and certainty which business has been seeking.”Petrochemical PP Biobased Automotive

“Now we must get Brexit right and secure an exit and future trading relationship between the U.K. and the [European Union] that enables broader manufacturing and the chemical industry to maintain and grow its contribution to the whole of the U.K. economy and to people’s everyday lives,” he wrote.

Petrochemical PP Biobased Automotive

-Czech Unipetrol’s delayed PE3 plant to start up in H1 – analyst

Unipetrol’s delayed flagship Polyethylene 3 (PE3) plant in the Czech Republic is to start up in the first half of 2019, an chemicals equity analyst said on Friday.

The company has throughout this year declined to comment on the status of the koruna (Kc) 8.5bn ($379.3m) project in Litvinov, which had an initial launch date of Q1 2018.

However, Tamas Pletser, an analyst at investment bank Erste Investment, said that the construction had entered the final phase and the facility would be ready in the first half of 2020.Petrochemical PP Biobased Automotive

Unipetrol did not respond to a request for comment.

Czech Unipetrol’s delayed PE3 plant to start up in H1 - analyst

-ExxonMobil shuts French PE production on “significant financial pressure”

ExxonMobil has sent a communique to its customers informing them it has stopped polyethylene (PE) production at its Notre Dame de Gravenchon (NDG), France, site.

The site has a capacity of 500,000 tonnes/year of linear low density polyethylene (LLDPE), including metallocene linear low density polyethylene (MLLDPE).

The letter said its production of PE products has been impacted by a “number of external factors” that have put “significant financial pressure” on its production units.

“As a result we are currently in the process of reviewing upcoming production plans and cost structures to ensure, to ensure a continued viable and profitable production of high quality products for our customers.”Petrochemical PP Biobased Automotive

ExxonMobil shuts French PE production on “significant financial pressure”

-US, China to suspend 15 Dec tariffs, US to cut other duties

The US and China have agreed on Friday to suspend a new round of tariffs that they had planned to impose on each other on 15 December.

In addition, the US will lower tariffs to 7.5% from 15% on $120bn worth of goods, according to both President Donald Trump and the US Trade Representative (USTR). The US imposed those tariffs on 1 September as part 1 in the fourth round of tariffs. Part 2 of the fourth round of tariffs were to be imposed on 15 December, and they are now off the table.Petrochemical PP Biobased Automotive

China had retaliated with its own fourth round of tariffs, also divided into two parts. Under it, China added new tariffs on some products and increased existing ones on other products. It is unclear if China had agreed to lower or roll back part 1 of its fourth round of tariffs.

US, China to suspend 15 Dec tariffs, US to cut other duties

-Plastics tax on arrival ( Italian Language Only)
It will be voted by Parliament at the beginning of the week with the Budget law. Here’s how the provision changed after the amendments.

In the early days of next week the Budget Law with the maxi government amendment will arrive for the first vote in the Senate, on Monday, and the next day in the Chamber. The tight time required for approval will lead to a vote of confidence, which effectively blocks the text of the provision.Petrochemical PP Biobased Automotive

The maneuver contains, in article 79, the infamous tax on plastics, or – better to say – on MACSI, “artifacts with single use that have or are intended to have the function of containing, protecting, handling or delivering goods or products food. ”

Plastics tax on arrival

-UK election outcome reduces political uncertainty, but regulation still key for chems – CBA

The UK Conservative Party’s landslide victory points to the likely ratification of a Brexit withdrawal deal that would reduce political uncertainty, but preserving regulatory alignment with the EU27 will determine the success of the process for the chemicals sector, according to a trade body chief.Petrochemical PP Biobased Automotive

UK chemicals stocks jumped in early Friday trading amid a wider rally in in domestic stock prices and the value of the pound sterling after the governing Conservative Party secured a sizeable majority in the 12 December general election.

Petrochemical PP Biobased Automotive

-US dominance in oil markets is only going to get bigger, the IEA says

The U.S. might have been left out from the big summit between OPEC and non-OPEC producers in Vienna last week but the country‘s influence over global oil markets is only going to get stronger, the International Energy Agency (IEA) stated in its latest report.

“While the U.S. was not present in Vienna, nobody could ignore its growing influence,” the IEA said in its December report, published Thursday. “Last week‘s meeting reminded us that the Big Three of oil – Russia, Saudi Arabia and the United States – whose total liquids production now comprises about 40 percent of the global total, are the dominant players,” the IEA said. Petrochemical PP Biobased Automotive

US dominance in oil markets is only going to get bigger, the IEA says

 

Petrochemical PP Biobased Automotive

Petrochemical PE Biobased Automotive 14-12-2019

Microplastics in Ocean