Petrochemical Thermoplastics PEF News 08-11-2019
Petrochemical Thermoplastics PEF
China – Polyethylene Terephthalate
PET and its chain continue to lose groud.
Crude oil price is steady.
Polyamide 6 and its chain continue to be weak.
Acrylonitrile is steady.
PET Bottle grade export 790/830 $/ton – PET Bottle grade domestic market 6,400/6,500 yuan/ton – PET Filament grade SD domestic market 6,000/6,100 yuan/ton – PET Filament grade BR domestic market 6,100/6,200 yuan/ton
PTA Taiwan 605/615 $/ton – PTA domestic market 4,700/4,800 yuan/ton – MEG 525/535 $/ton – MEG domestic market 4,450/4,550 yuan/ton – PX Korea 760/775 $/ton.
Polyester POY 150D/48F domestic market 6,850/6,950 yuan/ton – Polyester DTY 150D/48F domestic market 8,600/8,750 yuan/ton – Polyester Staple PSF domestic market 6,850/7,950 yuan/ton
Crude Oil Prices Trend
Overseas appetite for post-consumer scrap plastic dwindled in the third quarter. But on the domestic side, the value of recovered natural HDPE has skyrocketed and RPET demand remains strong.
U.S. scrap plastic exports dropped to their lowest third-quarter volume on record this year, driven largely by major Asian buyers continuing to constrict import volumes while other overseas markets did not grow enough to fill the void.
Germany, Czech Republic table objections; Council looks to extend deadline
The European Commission’s controversial plan to classify titanium dioxide as a carcinogen has hit a rare hurdle during the EU legislative process, after two member states tabled objections, according to several EU sources.Petrochemical Thermoplastics PEF
Germany and the Czech Republic have raised objections at the Council of Ministers during a two-month scrutiny of the Commission’s delegated act, a process involving both the EU Parliament and Council which is currently set to end on 4 December.
With two of its own PET recycling plants in Austria and Poland (PET Recycling Team) and joint ventures in Mexico and Germany, Alpla (Hard, Austria) has long been established in the field of PET recycling. These operations currently have an annual capacity of 70,000 tonnes/77,162 tons.Alpla HDPE Recycling Suminco Petrochemical Thermoplastics PEF
Alpla is now taking the next step by buying two HDPE recycling plants.
Honeywell has announced at the China International Import Expo (CIIE) 2019 that Dayuewan (Zhuhai) Petrochemical Co., Ltd., a subsidiary of China Grain Petrochemical Group, will use a range of technologies from Honeywell UOP to upgrade heavy fuel oil into higher value petrochemical products at its complex in the Gaolan Port Economic Zone in Guangdong Province.Petrochemical Thermoplastics PEF
When the project is completed, Dayuewan will be converting nearly all of its vacuum residue to light oil products, representing one of the highest conversion rates in the world. Meanwhile, this project will adopt a range of advanced process technologies to recycle hydrogen and liquefied petroleum gas (LPG) at among the highest rates in the world.
Densified PET fiber from post-consumer carpet will ride railcars from California to Tennessee, where chemical giant Eastman will feed it into a gasification process.
Kingsport, Tenn.-headquartered Eastman announced an agreement to source recovered PET carpet fiber from Lincoln, Calif.-based Circular Polymers.Petrochemical Thermoplastics PEF
hyssenkrupp Industrial Solutions recently successfully commissioned a new polyester plant for the production of staple fibers for SASA in Adana, Turkey. The new plant is one of the largest single line-production facilities for PET (polyethylene terephthalate) for textile applications. It is designed to produce up to 380,000 metric tons of PET per year (1,050 tons per day).Petrochemical Thermoplastics PEF
Werner Steinauer, CEO of thyssenkrupp’s subsidiary Uhde Inventa-Fischer: “The commissioning of this highly energy-efficient plant marks another milestone in our successful relationship with SASA. Right from the start, we designed this project while having the complete value chain in mind. The result is an integrated plant concept that ensures maximum efficiency and low energy consumption.”
Coca-Cola is committed to collecting and recycling plastic bottles rather than switching to aluminum cans as the world’s largest soft drinks maker seeks to reduce its carbon footprint, its chief executive officer told Reuters.Petrochemical Thermoplastics PEF
Along with multinational rivals including PepsiCo and Nestle , Coca-Cola has started offering recyclable aluminum cans as well as plastic bottles for some water brands as the industry reacts to public outrage over the world’s oceans being polluted with plastic waste.
A steady increase in China’s production of 1,4-butanediol (BDO) since mid-October will likely weigh on market sentiment at the end of the year.
The average BDO plant operating rate in China was at 65.4% in the week ended 5 November, up from 61.1% in the previous week, ICIS data showed.
The run rates had hovered at 50-60% for most part of July to H1 October this year.
In the China domestic market, weekly prices were flat at yuan (CNY) 8,900-9,400/tonne DEL (delivered) in the week ended 5 November, according to ICIS data.
The polypropylene catalyst market in the Asia Pacific is projected to grow fastest.
Ziegler-Natta catalyst type is projected to lead the polypropylene catalyst market.
The gas phase manufacturing process of the polypropylene catalyst market is projected to grow fastest.Petrochemical Thermoplastics PEF
The Polypropylene Catalyst Market is projected to grow from an estimated $1.2 billion in 2019 to $1.9 billion by 2027. Key companies in the Polypropylene Catalyst Market include LyondellBasell Industries (The Netherlands), Clariant (Switzerland), Mitsui Chemicals (Japan), W.R. Grace & Co., (US), and China Petrochemical (China).
Researchers in the US have developed a catalytic upcycling process using platinum nanoparticles supported on perovskites to convert single-use polyethylene (PE) (such as grocery bags) into value-added high-quality liquid products (such as motor oils and waxes). An open-access paper on their work is published in ACS Central Science.
Hundreds of millions of tons of plastic are produced worldwide each year, and the majority of these materials are discarded after a single use. Most end up in landfills or the environment. Petrochemical Thermoplastics PEF
Because of technical challenges, even the plastic that does get recycled typically generates materials that are of lower quality and value than the original polymer.
Avantium advances its plant-based MEG technology with the opening of its demonstration plant.
Avantium today inaugurates its plant-based MEG (mono-ethylene glycol) demonstration factory in Chemie Park Delfzijl, the Netherlands, bringing industry yet another solution to reduce the reliance on fossil resources. Petrochemical Thermoplastics PEF
The opening ceremonies are hosted by Nienke Homan, regional minister of the province of Groningen, the Netherlands and Avantium CEO Tom van Aken. Avantium additionally announces the naming of this innovative technology to produce plant-based MEG: Ray TechnologyTM – A Bright Step to The Future.
A joint venture between South Korean refiner Hyundai Oilbank and petrochemical firm Lotte Chemical is scaling back plans for a heavy feedstock complex, reducing targeted production capacity amid oversupplied polymers markets. Petrochemical Thermoplastics PEF
The Hyundai Chemical joint venture has awarded a contract to South Korea’s Daelim Industrial to build the complex, which will be located at Hyundai Oilbank’s refining complex in Daesan. Daelim Industrial said yesterday the complex will have capacity to produce 300,000 t/yr of low-density polyethylene (LDPE), 300,000 t/yr of high-density polyethylene (HDPE) and 250,000 t/yr of polypropylene (PP).
Petrochemical Thermoplastics PEF