Petrochemicals Biodegradable Aromatics 10-08-2019
Petrochemicals Biodegradable Aromatics
Borealis’ polyolefins margins in Asia suffered in the second quarter the effects of aggressive competition from the US producers, a situation unlikely to change in the short-term, the CEO of the Austrian polyolefins and fertilizers major said on Thursday.
Uncertainty regarding several geopolitical issues – the China-US trade war or the impending, unresolved UK exit from the EU, among others – are causing a slowdown in demand globally as uncertainty becomes the norm, according to Alfred Stern.
Borealis’ fertilizers division – which accounts for around 20% of the company’s sales – continued improving profitability on the back of higher capacity utilisation and healthier markets in Europe.
Plastic film plays a critical role in the packaging and transportation of many consumer goods, but it also presents a considerable challenge to manufacturers looking to reduce waste and their carbon footprints. How does a company ensure that its plastic used to package and transport its goods ends up being recycled, instead of in a landfill?
It starts with assessing the plastic package/film composition for recyclability, the risk of remaining product contamination in the package/film after use, and the risk of contamination for non-recyclable “look-a-like” packages/films. To help manufacturers overcome this hurdle, Trex Company, which manufactures wood-alternative decking and railing, is offering free recyclability testing to packaging engineers, manufacturers, and brand owners through its NexTrex Recycling Program. Petrochemicals Biodegradable Aromatics
Turkish polyethylene (PE) prices are at their lowest levels since ICIS began publishing prices in 2014.
Picture source: Eleanor Scriven/Robert Harding/ShutterstockPE prices mostly fell again this week following further rollovers to lower offers from suppliers.
Buying interest remains limited and suppliers have continued to discount prices in an attempt to encourage purchases.
US producers are leading the current trend, cutting high density polyethylene (HDPE) prices, in particular, this week. They had previously pushed linear low density polyethylene (LLDPE), presumably because further HDPE capacity is due this year.
RIKUTEC Group, a leading blow moulding technology specialist, will showcase its high-precision, multilayer machines and fast-cooling moulds alongside a range of technical blow moulded products at K 2019 (Hall 14, Booth B13). Petrochemicals Biodegradable Aromatics
The Germany-based company pursues a holistic approach with regard to products and services, utilizing its vast technology expertise and decades of manufacturing knowhow.
Biobased polymers are gaining increased prominence in the minds of consumers, as increased awareness of climate change and plastic pollution continues to grow.
However, the range of biobased alternatives to the main plastics we encounter in our daily lives continues to limit its potential adoption. Key to accelerating the switch from petrochemical to biobased plastics is going to be a larger diversity of materials, including commodity polyolefins such as polypropylene and polyethylene. IDTechEx looks at the key manufacturers of biobased polymers and production methods and capacities.
The US-China trade war is intensifying, with the big guns coming out on both sides. US President Donald Trump’s threat on 1 August to slap 10% tariffs on an additional $300bn in imports from China starting on 1 September drew a strong response from China – the start of a currency war in the form of devaluation, along with the halt in agricultural purchases from the US and potential additional tariffs.Petrochemicals Biodegradable Aromatics
Chemical stock prices took a beating on 5 August following China’s retaliatory response after falling hard late last week on the US tariff announcement. Notable decliners included Chemours (-6.2%), Trinseo (-5.1%), DuPont (-4.3%), Celanese (-3.7%) and Eastman (-3.5%). Dow fared better, falling just 1.8% while LyondellBasell was actually higher by 0.2%, although both were down significantly the prior week.
Uniloy has announced that blow moulding machine manufacturing has returned to its European Technical Center in Magenta, Italy.
Uniloy will also be showcasing its industry-leading blow moulding technologies at K 2019, in Hall 13, booth B16.
Uniloy CEO and President Brian Marston said: “What better way to present the new Uniloy company to the world than at the largest global plastics trade show? We’re excited to connect with customers and prospects, and K Show is the perfect venue for this, especially with our announcement that Uniloy has returned machine manufacturing to our European Technical Center in Magenta.”
Asia naphtha prices spiralled lower in response to steep losses in global crude oil futures, while downbeat demand weighed on the market.
Open-specification naphtha prices for second-half September delivery stood at $454.50/tonne CFR (cost and freight) Japan at early hours session on Thursday, tumbling by $8.50/tonne from the previous day’s Asia close.
Prices are down by a hefty 12% from month-earlier levels, according to ICIS data.
Spot CFR Japan naphtha prices have been on downward trend since the start of the week, tracking weakness in global crude futures, which the petrochemical feedstock is closely-related to.Petrochemicals Biodegradable Aromatics
Bekum says it is exhibiting the future of blow moulding with the “Concept 808” machine study at K 2019.
One feature is the optional magnetic quick mould change system. With this, mould change-over is accomplished in 15 minutes per clamping unit – without tools or a special mould cart.
The new generation of high-output extruders of the future packaging machine line distinguish themselves through processability, high maximum throughput, and excellent melt homogeneity.
SOCAR Turkey Energy, which is a subsidiary of the State Oil Company of Azerbaijan (SOCAR), plans to lay the foundation of the Mercury petrochemical complex in Turkey in the first half of 2020, said Zaur Gahramanov, CEO at SOCAR Turkey.
He added that these investments, like all other projects, are of great importance for SOCAR.
As Gahramanov stressed, with the commissioning of this enterprise, Turkey will settle the matter with the import of purified terephthalic acid.Petrochemicals Biodegradable Aromatics