Petrochemicals Biodegradable Biopackaging 06-08-2019

Petrochemicals Biodegradable Biopackaging

China – Polyethylene Terephthalate

PET and it’s chain continue to be weak.

Crude oil price is weak.

Polyamide 6 and its chain are weak.

Acrylonitrile is in health.

PET Bottle grade export 830/905 $/ton PET Bottle grade domestic market 6,800/6,900 yuan/ton PET Filament grade SD domestic market 6,600/6,700 yuan/ton – PET Filament grade BR domestic market 6,700/6,800 yuan/ton

PTA Taiwan 695/705 $/ton PTA domestic market 5,050/5,150 yuan/tonMEG  505/515 $/ton – MEG domestic market 4,250/4,350 yuan/tonPX Korea 775/785 $/ton

Polyester POY 150D/48F  domestic market 7,700/7,800  yuan/tonPolyester DTY 150D/48F  domestic market 9,100/9,200  yuan/tonPolyester Staple PSF domestic market 7,200/7,300 yuan/ton

Petrochemicals Biodegradable Biopackaging

-Aquafil and Burberry together for the environment (Italian Language Only)

Aquafil has decided to work with Burberry to create a more circular fashion system, focusing on innovative fibers, such as ECONYL® regenerated nylon.

Burberry has launched a new capsule collection made with ECONYL®, a sustainable nylon thread made with regenerated fishing nets, synthetic fabric waste and industrial plastic.

The capsule collection based on ECONYL®, which includes a reinvention of Burberry’s classic lightweight car coat, is just one example of the 50 disruptive innovations that Burberry is making along its supply chain to create a more circular fashion industry.

Aquafil and Burberry together for the environment

Crude Oil Prices Trend

Aquafil and Burberry together for the environment

-Gevo Receives ISCC Plus Certification

Gevo, Inc.announced today it has achieved its International Sustainability and Carbon Certification (ISCC) under the ISCC PLUS scheme for Food, Feed, Industrial Applications, Energy, Biofuels outside Europe.

In obtaining ISCC certification, Gevo continues to prove its dedication to meeting the highest industry standards by demonstrating the sustainable cultivation of field corn, which Gevo then converts into renewable, sustainable isobutanol, also known as biobutanol. ISCC PLUS certification enables Gevo to validate the responsible nature of their liquid transportation fuels and to highlight the traceability of its biofuel, qualifying that such fuels produced in a sustainable manner. By completing ISCC certification, Gevo has verified that the feedstock, in this case field corn, is being grown in a manner that is socially, environmentally, and ethically responsible.

Petrochemicals Biodegradable Biopackaging

-SIRC plans to build recycling, sorting facilities in Riyadh

The company will kick off its plan in the fourth quarter of 2019 in the capital by building a recycling plant

RIYADH — Saudi Investment Recycling Company (SIRC), a wholly-owned subsidiary of the Public Investment Fund (PIF), is planning to build recycling and sorting facilities in Riyadh, as part of the government’s initiative to implement a circular economy model in the Kingdom.

In an interview with Saudi Gazette, Jeroen Vincent, CEO of SIRC, said the company will kick off its plan in the fourth quarter of 2019 in the capital by building a recycling plant.

He recalled that the facility will convert construction and demolition waste into construction aggregates for road backfill and concrete applications for a residential project housing 35,000 units. Petrochemicals Biodegradable Biopackaging

Petrochemicals Biodegradable Biopackaging

-Coca-Cola, PepsiCo finally cut ties with prominent plastic lobbying group

Last year, Greenpeace revealed major corporations like Coca-Cola and PepsiCo were among the worst producers of plastic trash in the world. After growing pressure from the public and environmental groups, the soft drink giants have finally broken ties with the Plastic Industry Association.

Victory for Sustainability

Both companies’ exit from the organization acts as a landmark decision in their commitments to more eco-friendly practices. The organization, which represents plastic manufacturers, has encouraged states to prohibit plastic bans throughout the nation.

Petrochemicals Biodegradable Biopackaging

-Eurozone growth slips in July as manufacturing decline accelerates

Eurozone private sector growth slowed closer to a standstill in July on the back of continuing deterioration in manufacturing sector output, according to data from IHS Markit on Monday.

The eurozone composite purchasing managers’ index (PMI) slipped to 51.5 in July compared to 52.2 in June, as solid if slightly slower service sector growth struggles against the sharpest month on month drop in manufacturing sector activity since April 2013.

A PMI score of 50.1 or higher indicates expansion.

The sixth consecutive month of manufacturing sector weakness saw Germany’s composite PMI slip to 50.9 from flash estimates of 51.4 as bearish industrial output almost completely offset service sector growth. Petrochemicals Biodegradable Biopackaging

Petrochemicals Biodegradable Biopackaging

-Trade tensions, lengthening supply maintain downward pressure on US PE exports

US polyethylene (PE) exportmarkets continue to face downward pressure assupply lengthens while trade tensions betweenthe US and China deepen.

China is by far theworld’s largest importer of PE, and US PEproducers are in the midst of a massiveinvestment wave, driven by abundantlow-cost natural gas liquids (NGLs) feedstocks.

The US PE market is mature, and traditionalexport markets such as Latin America are notgrowing fast enough to absorb the large newcapacities being built in the US Gulf, so mostproducers had intended to ship much of the newmaterial to China.

Trade tensions, lengthening supply maintain downward pressure on US PE exports

-Asia petchem stocks to remain under pressure from US-China trade spat

The downward pressure onAsian petrochemical shares is set to continueas regional equity markets extended losses onMonday following the escalation in tradetensions between the US and China late lastweek.

China’s yuan has also fallen past 7 to  adollar to a record low in offshore trading.

“Markets continue to display risk-offbehaviours, following the US decision to imposefurther tariffs on China last Thursday (1August),” Singapore-based OCBC TreasuryResearch said in a note on Monday.  Petrochemicals Biodegradable Biopackaging

For the week ending 5 August, the S&P 500and Nasdaq in the US fell 3.1% and 3.9%,respectively, marking their biggest weeklydrops for the year. The Dow had itssecond-worst week of the year, sliding 2.6%.

Petrochemicals Biodegradable Biopackaging

-Sonoco: GHG Emissions Down 3%, Recycling Content Up in 2018

Global packaging company Sonoco announced that it reduced water usage by 1.7% and greenhouse gas emissions by 3.2% over the past year. The company says that since 2009, it has reduced normalized greenhouse gas emissions by 27% and water usage by 40.3%.

Sonoco says it is one of the largest recyclers in the US, collecting nearly three million tons of materials each year, much of which it rolls into new sustainable packaging. For example, the company:

uses recovered fiber to produce more than two million tons of uncoated recycled paperboard each year, much of which is converted into industrial and consumer packaging;

recovers approximately 1 in 5 PET bottles collected in California, using them to manufacture clamshells for fresh produce;

used 26% recycled content in its plastic supply chain, of which 23% was post consumer material, in 2018 Petrochemicals Biodegradable Biopackaging

Petrochemicals Biodegradable Biopackaging

-Birch Chemicals reduces plastic packaging

Birch Chemicals has worked with packaging supplier, Kite, to reduce its plastic usage by 6.8 tonnes every year.

The rubber, plastics and coating additives manufacturer made the changes in support of a challenge set by Kite.

Kite is aiming to reduce the amount plastic used by itself and its customers by 120 tonnes by the end of this year.

Birch Chemicals reduces plastic packaging

-Lanxess develops heat reflecting black pigment for plastics

Lanxess has developed a black pigment which reflects 20% more of the sun’s near-infrared radiation (NIR) than conventional products.

Plastic roofs and façade elements coloured with Bayferrox 303 T heat up much less due to solar radiation, meaning the building’s inside temperature can be reduced.

“The temperature in a polymer matrix coloured with Bayferrox 303 T is as much as 8°C lower than when a conventional black pigment is used,” said Lanxess global market segment manager for Plastics at the Inorganic Pigments (IPG) business unit, Stefano Bartolucci. Petrochemicals Biodegradable Biopackaging

This improves the indoor climate and reduces energy consumption for air conditioning.

Lanxess develops heat reflecting black pigment for plastics

Polyolefins Petrochemical Polymers CPL Prices

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