Petrochemicals Biobased PEF Enzymes 14-05-2020

Petrochemicals Biobased PEF Enzymes

Crude Oil Prices Trend

Crude Oil Prices Trend  Polyestertime

-Freudenberg completes Low & Bonar acquisition

The global technology group Freudenberg has completed its acquisition of London headquartered Low & Bonar PLC by buying 100% of its shares. Freudenberg submitted an offer for the company in September 2019, which was shareholder approved in November 2019, and the European Commission authorized the merger on 17 April. The technical textiles manufacturer will be delisted from the London Stock Exchange on 13 May and will be integrated in the Freudenberg Performance Materials Business Group.

“Freudenberg strengthens its performance materials business, and with Low & Bonar’s innovative technology it can further expand its technological know-how,” says Dr. Mohsen Sohi, Freudenberg Group CEO.

Petrochemicals Biobased PEF Enzymes

-What’s in a headline? The challenge of reporting on packaging waste

The ways in which the media has covered the plastics debate have sometimes clouded consumer perceptions, to put it mildly. Victoria Hattersley spoke to Libby Peake, head of resource policy at the independent Green Alliance think tank, about its study on the grocery sector’s response to the packaging waste problem, published earlier this year, and the response it has generated. Petrochemicals Biobased PEF Enzymes

As part of its work for the Circular Economy Task Force, in early January this year the Green Alliance published a report, ‘Plastic promises: what the grocery sector is really doing about packaging’, which suggested that we are seeing a ‘disjointed and potentially counterproductive approach to solving plastic pollution’, with brand owners on the verge of swapping to other materials that may have even more serious environmental consequences – such as higher carbon emissions.

Petrochemicals Biobased PEF Enzymes

-May European ethylene oxide contract price drops by EUR82 per tonne

May European prices for ethylene oxide fell by EUR82 per tonne to EUR898–1,066 per tonne, ICIS reports.

The contract price was approved on the terms of FD NWE (with delivery to North-West Europe). Petrochemicals Biobased PEF Enzymes

European ethylene oxide contracts have been declining for the third month in a row. In May, they decreased due to lower ethylene prices.

Petrochemicals Biobased PEF Enzymes

-PROHACCP and LATI team up for food safety

PROHACCP, a Polish manufacturer of food industry safety systems that meet the strictest international standards, such as HACCP (Hazard Analysis and Critical Control Points), BRC and IFS, has teamed up with LATI to improve food safety.

The PROHACCP catalogue includes technical articles made with plastic materials detectable by metal detectors and X-ray machines. These include inspection kits, pens and highlighters, containers, paper clips and bulldog clips, tapes, label holders, PPE, cutters and hinges. Petrochemicals Biobased PEF Enzymes

Petrochemicals Biobased PEF Enzymes

-Europe’s contract price of benzene in May rose by EUR55 per tonne

The contract price of benzene in Europe for deliveries in May was agreed at EUR226 per tonne, which is EUR55 per tonne higher than in April, ICIS reported citing confirmation from two buyers and three sellers. Petrochemicals Biobased PEF Enzymes

The contract price was agreed on the terms of delivery of CIF Northwest Europe.

In US dollars, the May contract price of benzene was agreed at USD245 per ton based on the rate of EUR1 = USD1.084. Thus, in dollars, the May price rose by USD56 per tonne.

Petrochemicals Biobased PEF Enzyme

-First Graphene and Foster Plastics Industries to commence testing on EVA products

First Graphene logo imageFirst Graphene (FGR) has reported that Foster Plastics Industries, an Australian extrusion company, is collaborating with FGR to develop PureGRAPH-enhanced ethylene-vinyl acetate (EVA) materials for use in Foster’s range of solar tubes and plastic extrusion systems.

The PureGRAPH 10 EVA masterbatch loaded with 30% graphene will be drawn down to the desired ultimate concentration of 0.25% to 1% within Foster’s proprietary black nitrile/PVC compound.Petrochemicals Biobased PEF Enzymes

First Graphene and Foster Plastics Industries to commence testing on EVA products

-Significant advantages exist in Reliance-Aramco deal: Report

Its recent capital raising decisions and weak oil prices may be raising doubts among investors on the conclusion of Reliance Industries’ USD 15 billion deal with Saudi Aramco but there still exist significant advantages for the Saudi firm  to conclude its investments in the oil-to-chemical business of the Indian giant, an analyst said on Wednesday.

HSBC Global Research in a note said Aramco buying 20 per cent in O2C business of Reliance would allow the Indian firm to build financial muscle as it carves out space for itself in highly competitive omni-channel retail. Petrochemicals Biobased PEF Enzymes

-Significant advantages exist in Reliance-Aramco deal: Report

-Asian ethylene prices rise on improved fundamentals

Ethylene prices in northeast Asia have risen by 28pc to $530/t cfr northeast Asia on the back of improved fundamentals.

Spot prices in northeast Asia hit $530/t cfr on 13 May, supported by deals concluded for June-arrival cargoes in a $490-570/t cfr China range.

A deal was likely concluded at $570/t cfr China for a 6,500t June-arrival deep-sea cargo. The buyer is likely a styrene monomer (SM) producer and the seller a regional trader.

This week’s rally reversed most of the losses incurred in April, when prices reached a record low of around $300/t cfr northeast Asia. Spot prices were last above $500/t cfr northeast Asia in late March this year. Petrochemicals Biobased PEF Enzymes

Asian ethylene prices rise on improved fundamentals

-BMB invests in fourth production unit in Brescia

BMB has added a fourth production unit at its Italian headquarters in Brescia, following an increase in market share.

The company says investment in the new unit, which has taken just over 12 months to complete, is a sign of its commitment to the future growth of the plastics industry.

BMB says the new state-of-the-art smart factory will allow it to operate more efficiently and meet the increasing demand from new and existing customers.

It will also enable its existing range – from 100 tonnes clamp force to 3,500 tonnes clamp force—to be extended to 4,500 tonnes clamp force, two models of which are in the final assembly stages in the new production unit.  Petrochemicals Biobased PEF Enzymes

BMB invests in fourth production unit in Brescia

-German chemicals urge ‘new start’ to overcome crisis, set five-point plan

Germany’s economy needs to reset for an “immediate, comprehensive new start” in order to cope with the fallout from the coronavirus pandemic, the country’s chemicals trade group VCI said on Wednesday. Petrochemicals Biobased PEF Enzymes

VCI put forward a five-point plan focused on:

– Resumption of normal operations: the government-ordered shutdowns must be ended quickly, but with a “sense of proportion”

– Free trade of goods: the dismantling of trade barriers and the simplification of custom procedures will drive a revival of trade flows

German chemicals urge ‘new start’ to overcome crisis, set five-point plan

Petrochemicals Biobased PEF Enzymes

Petrochemicals Biobased Enzymes 13-05-2020

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