Petrochemical Textiles PEF News 09-11-2019

Petrochemical Textiles PEF

-America is now the world’s top oil producer, but cracks are emerging

By any measure, America’s rapid expansion to a record 12 million barrels of oil output a day has been a global game-changer.

In less than a decade, a boom in the country’s shale patch added a record 8 million barrels day and made the United States the No. 1 oil producer in the world.

A large chunk of credit must go to the producers in the Permian Basin, a vast expanse of 86,000 square miles that borders west Texas and southeastern New Mexico. That region is responsible for about a third of America’s crude output.

Petrochemical Textiles PEF

-Nestlé and Corbion eye microalgae for ‘next generation’ plant proteins

Swiss food manufacturer Nestlé and Dutch ingredients supplier Corbion have entered into a strategic partnership to develop what they describe as the ‘next generation’ of microalgae-based ingredients for plant-based applications.

The companies said they aim to leverage microalgae to deliver ‘sustainable, tasty and nutritious plant-based products’. Petrochemical Textiles PEF

The agreement will combine Corbion’s microalgae and fermentation capabilities with Nestlé’s expertise in the development of plant-based products.

The aim of the joint development agreement is to establish a platform for the production and commercialisation of algae-based ingredients. The research will work to further develop the functionality, taste, and nutritional profile for use in different types of products.

Petrochemical Textiles PEF

-Stora Enso: the future of manufacturing just got smarter

Stora Enso’s digitisation programme is realising the benefits of automation and 5G to optimise efficiency, flexibility, and availability in production Petrochemical Textiles PEF

Stora Enso is among the world’s oldest companies with more than 700 years of heritage, encompassing mining, iron and wood activities, stretching back to the 13th century.

Today it focuses on all of the possibilities to manufacture a diverse range of products made from renewable materials with the forest and the trees as their foundation.

Petrochemical Textiles PEF

-SA business confidence remains weak for October as uncertainty continues

South African business confidence remained weak in October, according to the SA Chamber of Commerce and Industry.

The chamber announced on Thursday that its index tracking business confidence fell to 91.7 in October from 92.4 in September. It is only the fourth time the index has dipped below the 92 point mark since 2012. Petrochemical Textiles PEF

The index was pushed down form the previous month due to lower merchandise exports and imports, and to a lesser degree from a fall in the rand/dollar exchange rate and disrupted energy supplies caused by load shedding. A boost to new vehicle sales and lower consumer inflation, provided some pushback.

Petrochemical Textiles PEF

-Why Oil Companies Aren’t Evil

When I worked for the oil industry, I began to see things differently from the inside. The image in my mind of “Big Oil” began to be challenged immediately through personal experience. To this day, I see many issues quite differently than some who only view the oil industry from a distance. Petrochemical Textiles PEF

For example, I learned that there are lots of environmentalists who work for oil companies. Environmental departments in major oil companies are well-staffed with people who devote their careers to ensuring environmental laws are followed.

Why Oil Companies Aren't Evil

-Tomra introduces deep learning add-on for autosort machines

Gain, Tomra’s deep learning-based sorting technology, advances accuracy of complex sorting tasks at high throughput rates.

Asker, Norway-based Tomra Sorting Recycling has launched Gain, a deep learning-based sorting technology to further enhance the performance of its sensor-based sorting machines, according to a Tomra news release. Petrochemical Textiles PEF

The gain technology will be made available as an add-on option for the company’s autosort machines. By classifying objects from sensor data, gain enables the sorting of objects, which could previously not be seperated with high levels of purity and without compromising the throughput speed of the autosort.

Tomra introduces deep learning add-on for autosort machines

-Recycled PET resin prices decline with excess virgin material available

Abundant supplies of virgin resin have pushed down North American prices for recycled PET since early 2019. Petrochemical Textiles PEF

Even with the recent declines, recycled PET remains more expensive than virgin grades.

This week Plastics News is showing a decrease of 10 cents per pound for all grades of post-consumer PET. That includes both clear and green materials, and both flake and pellets.

Recycled PET resin prices decline with excess virgin material available

-SE Asia PP block copolymer prices fall below that of homopolymer flat yarn

Copolymer block polypropylene (PP) dutiable spot prices in southeast (SE) Asia have fallen below that of homopolymer flat yarn for the first time in over six years, with spreads likely to remain negative in the near term. Petrochemical Textiles PEF

Increased competition from duty-exempt South Korea origin block copolymer cargoes offered at highly economical prices has put a massive dent on demand for dutiable Middle East origin cargoes.

SE Asia PP block copolymer prices fall below that of homopolymer flat yarn

Petrochemical Textiles PEF

Petrochemical Thermoplastics PEF News 08-11-2019

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