Petrochemical SustainablePackaging R-PET 12-01-2021

Petrochemical SustainablePackaging R-PET

Crude Oil Prices Trend 

Crude Oil Prices Trend  Polyestertime

-Enel, Maire Tecnimont to build green hydrogen plant in US

Enel Green Power (EGP), the renewable energy subsidiary of Italy’s Enel Group, and Maire Tecnimont (Rome, Italy) have agreed to work together on the development and construction of a green hydrogen production plant in the US, according to Chemweek.

A specific location has not been given.

EGP and NextChem, a subsidiary of Maire Tecnimont, have signed a memorandum of understanding for the project, which will produce green hydrogen via electrolysis using renewable energy from an existing EGP solar plant. The project is expected to be operational in 2023 and supply hydrogen to a biorefinery, Enel says.

Petrochemical SustainablePackaging R-PET

 

-AUDI: CHEMICAL RECYCLING PROJECT FOR MIXED PLASTIC COMPONENTS

Audi in partnership with the Karlsruhe Institute for Technology has launched a pilot project with the aim of finding a sustainable solution for plastic components that cannot be replaced in the automotive industry due to the stringent safety, heat resistance and quality requirements they must meet.  Petrochemical SustainablePackaging R-PET 

The components under study are a mix of plastic materials that make them difficult to manage at the end of their life.

The project consists of the development of a chemical recycling process for mixed plastic components, which allows the material to be re-entered into a closed-loop supply chain system, thus contributing to a significant reduction in virgin material resources used.

The test was performed on discarded components such as fuel tanks, wheel trim parts and radiator grills recovered from some dealerships.

Petrochemical SustainablePackaging R-PET

-DSM announces price increase for polyamides

Royal DSM, a purpose-led, global science-based company active in Nutrition, Health and Sustainable Living, announces an increase in price for its Akulon® and Novamid® unfilled polyamide 6 grades for film, extrusion and unfilled injection molding in Europe, Middle East, Africa and South America by a minimum of €165/mT and in North America by a minimum of $0.08/lb. In addition, the price for Akulon® polyamide 6 and 66 compounds in Europe will increase by a minimum of €140/mT. Petrochemical SustainablePackaging R-PET 

These increases reflect raw material cost increases in the recent period, and take immediate effect, where contracts and prior agreements allow.

Petrochemical SustainablePackaging R-PET

-FIMIC webinar: Automatic melt filtering in Plastic Recycling

Automatic melt filtering in Plastic Recycling

Overview

Join us on the 3rd of February for an unmissable discussion with experts from FIMIC on automatic melt filtering in plastic recycling. This webinar taking place 03–Feb–2021 15:00 GMT | 16:00 CET | 10:00 EDT provides a platform to illustrate the latest techniques and challenges presented by recycling products, and how FIMIC is addressing these challenges.

We will explore why a self-cleaning filter is advisable, given the level of contamination the materials include. The experts will describe a number of specific applications, indicating materials, related common contaminations and pellets obtained, giving insights on the challenges posed by the different incoming materials and the results which can be obtained. Petrochemical SustainablePackaging R-PET 

Listen as we discuss not only the most recycled materials but also a number of other materials less commonly processed which are getting increased attention such as PVC, PET and PVB.

Petrochemical SustainablePackaging R-PET

-UK parliament approves Brexit trade deal

Members of parliament in the UK voted Wednesday to approve legislation that will pass the post-Brexit trade deal into law, after European Commission president Ursula von der Leyen and European Council president Charles Michel signed the agreement earlier in Brussels, Belgium, as per Chemweek.Petrochemical SustainablePackaging R-PET 

The House of Commons approved the EU (Future Relationship) Bill by a vote of 521-73 at its first stage after Parliament was recalled. The bill will now pass to the House of Lords for approval. When this is done, the Queen will be asked to sign the legislation, known as Royal Assent.

The Brexit agreement was finally reached on 24 December after months of negotiation between the UK and the EU, and is based on international law. As part of the bill, it was agreed that there will be no tariffs or quotas on the movement of goods between the UK and the EU.

UK parliament approves Brexit trade deal

-Alstom to supply Italy first hydrogen trains

Alstom will supply six hydrogen fuel cell trains, with the option for eight more, to FNM (Ferrovie Nord Milano), the main transport and mobility group in the Italian region of Lombardy, for a total amount of approximately EUR160 million, said Hydrocarbonprocessing.Petrochemical SustainablePackaging R-PET 

The first train delivery is expected within 36 months of the date of the order. The new hydrogen trains will be based on Alstom’s Coradia Stream regional train platform, which is dedicated to the European market and already being produced for Italy by Alstom’s main Italian sites. The hydrogen powered Coradia Stream for FNM, will be equipped with the same fuel cell propulsion technology that was introduced to the world by the Coradia iLint. The hydrogen Coradia Stream will maintain the high standards of comfort already appreciated by passengers of its electric version. The hydrogen version will match the operational performance of diesel trains, including their range.

“We are immensely proud to be introducing hydrogen train technology to Italy, and we recognise the trust placed in us by our Italian customer. This development confirms Alstom’s role in defining the future of mobility.

Alstom to supply Italy first hydrogen trains

-Goldman sees Brent hitting $65/b by mid-2021 on sharp demand rebound

  • Vaccine roll-out seen triggering demand boost
  • Sees potential delays in supply-side response
  • US shale sector hampered by higher capital costs

London — Goldman Sachs sees Brent crude rising to $65/b by the middle of 2021, up to six months earlier than previously forecast, as a demand boost from the rollout of COVID-19 vaccines and potential delays in restarting OPEC+ production keeps the oil market tight over the coming months.Petrochemical SustainablePackaging R-PET 

Following Saudi Arabia’s surprise decision to slash another 1 million b/d from its crude production in February and March, Goldman noted that March production levels by the OPEC+ group will still be near the recent lows just even as global demand starts “rebounding sharply driven by warmer weather and rising vaccinations.”

“With vaccines being rolled out across the world, the likelihood of a fast tightening market from 2Q 2021 is rising as the rebound in demand stresses the ability of producers to restart production,” Goldman’s global head of commodities research, Jeffrey Currie, said in a note.

Goldman in December had a “target” price for Brent of $65/b for the end of 2021, supported by a rapid demand recovery as part of a “long-lasting bull market” for commodities based on dollar weakness, government spending and the energy transition.

-Goldman sees Brent hitting $65/b by mid-2021 on sharp demand rebound

-Sustainable Plastics Strategy

Plastic waste is ending up in the environment, and unmanaged, is amongst the greatest global environmental challenges of our time12,.

As an industry, we believe plastic waste in the environment is unacceptable and represents a massive loss of a valuable resource. Petrochemical SustainablePackaging R-PET 

One of the keys to tackling plastic waste is the creation of a circular economy. In contrast to the make, use, then dispose, of linear economy; in a circular economy we keep resources in use for as long as possible, extract the maximum value from them whilst in use, then recover and regenerate products and materials at the end of their life. The circular economy is about recognising and capturing the value of plastics as a resource, with the least impact on the climate. We have over recent years accelerated the transition to a circular economy, amongst other actions.

However, the circular economy for plastics is not just about waste. Whilst eliminating leakage and the increased use of secondary materials is one part of the picture, the transition to renewable feedstock completes this picture.

Long-term, plastics production should also decouple from fossil feedstock. This means using more renewable energy and more alternative feedstock from waste and renewable resources.

Much of the plastic in use today can already be recycled in some way, but according to an analysis by the Ellen MacArthur Foundation, roughly one-third of the world’s plastic packaging waste is lost in the environment. In comparison, about 14% is collected for recycling, and 40% is disposed of in landfill.

The remaining 14% is incinerated, sometimes with energyfrom-waste recovery. In view of this, chemical technologies are needed to improve the labelling, identification and separation of waste plastics and composites into single-component polymers.

Sustainable Plastics Strategy

-Asia petrochemicals outlook, w/c Jan 11

The market sentiment in Asian petrochemicals may remain mixed in the week starting Jan. 11. Petrochemical SustainablePackaging R-PET 

Overall market sentiment is on a downward trajectory due to the sluggish demand and muted discussion prior to the Lunar New Year holiday. Meanwhile certain markets showed optimistic signs of recovery, spurred by surging upstream crude oil prices. Upstream crude oil market is expected to stay upbeat, driven by an expectation of the US stimulus package and COVID-19 vaccine rollout.

BUTADIENE:

Asian butadiene market would likely to remain bearish in the week to Jan. 15, after hitting a three-month low on Jan. 8, as supplies continue to normalize.

Market participants eye a planned restart of LG Chem’s butadiene unit in Yeosu, South Korea on Jan. 16. The butadiene unit is able to produce 145,000 mt/year.

Asia petrochemicals outlook, w/c Jan 11

-Milliken PP additive for thermoforming uses cleaner chemistry to deliver brighter look

New Hyperform® HPN® 909ei offers one less SML for food-contact applications

Ghent, Belgium – Designed for use by thermoformers, Milliken & Company’s Chemical Division’s latest high-performance additive for polypropylene (PP) homopolymers delivers an excellent balance of physical properties and superb aesthetics—all enabled through cleaner chemistry. Petrochemical SustainablePackaging R-PET 

Hyperform® HPN® 909ei checks all those boxes, and more, as this formulation also addresses an important aspect for safety reassurance in the European Union. Tailored specifically to minimize migration, especially in food-contact applications, this new grade of Hyperform has one Specific Migration Limit (SML) less than the previous generation product. A lower number of SMLs means there is one less substance that must be monitored and tested for, reducing customers’ compliance burden. With this simplification, the reassurance of safety is even stronger. This is vital, given that this type of PP homopolymer is typically used to thermoform drink cups and lids, food packaging, and trays.

Petrochemical SustainablePackaging R-PET

Petrochemical SustainablePackaging R-PET

Petrochemical PolylacticAcidPLA R-PET 11-01-2021