Petrochemicals Biodegradable ecofriendly 20-08-2019
Petrochemicals Biodegradable ecofriendly
China – Polyethylene Terephthalate
PET and it’s chain are steady.
Crude oil price continue to be in health.
Polyamide 6 and its chain are steady.
Acrylonitrile is steady.
PET Bottle grade export 830/890 $/ton – PET Bottle grade domestic market 6,850/7,000 yuan/ton – PET Filament grade SD domestic market 6,700/6,800 yuan/ton – PET Filament grade BR domestic market 6,800/6,900 yuan/ton
PTA Taiwan 695/705 $/ton – PTA domestic market 5,250/5,350 yuan/ton – MEG 530/545 $/ton – MEG domestic market 4,450/4,600 yuan/ton – PX Korea 770/780 $/ton
Polyester POY 150D/48F domestic market 7,700/7,800 yuan/ton – Polyester DTY 150D/48F domestic market 9,100/9,200 yuan/ton – Polyester Staple PSF domestic market 7,200/7,300 yuan/ton
Crude Oil Prices Trend
Asia naphtha markets have struggled through some challenging times and continue to embrace the unexpected.
Spot forward open-specification naphtha CFR (cost and freight) Japan prices for second-half September delivery slumped to around $450.00/tonne in early August, marking the third time in 2019 levels have tumbled to this low. Naphtha prices averaged $455.00/tonne CFR Japan in early-June.
Volatile crude prices have impacted naphtha with demand for September delivery cargoes from downstream end-users in northeast Asia slowed to a trickle.
Stora Enso is investing EUR 10 million in the making of bio-based carbon materials for energy storage at Sunila Mill in Finland. We talked with Lauri Lehtonen, Head of Innovation, Biomaterials, about this exciting innovation to replace fossil-based and mined raw materials with renewable solutions.
Lauri Lehtonen, can you tell us more about the investment in Sunila Mill?
“We at Stora Enso believe that everything that is made out of fossil-based materials, can be made of wood tomorrow. This pilot facility for producing bio-based carbon materials is yet another proof point of our innovation work – we are building on our long-term work in extracting lignin from biomass and creating more value out of it. By converting lignin into so-called hard carbon anode materials for lithium-ion batteries, we can offer a product that can replace fossil-based anodes, mainly synthetic graphite, currently used in batteries.”
RADICIGROUP – “Operation Clean Sweep” arrives in the RadiciGroup Synthetic Fibres Business Area Zero plastic pellet and dust loss to safeguard the environment. Noyfil SA receives OCS certificate from Plastics Europe.
At K Fair 2019, workshop on microplastics.
RadiciGroup has expanded its Operation Clean Sweep project – started up over one year ago in its engineering polymers business – to its Synthetic Fibres Business Area. Noyfil SA (Stabio – CH), a company specializing in the manufacture of polyester continuous yarn, has joined Operation Clean Sweep (OCS), an international programme promoted by Plastics Europe with the goal of “Zero Pellet Loss”.
DOMO Chemicals (Ghent) recently signed an agreement to acquire the Europe-based Performance Polyamides Business of Solvay (Brussels).
DOMO Chemicals is a producer of engineering materials for a diverse range of markets, including the automotive, food, medical, pharmaceutical, chemicals and electronics industries.
The company offers a complete portfolio of integrated nylon 6 products, including intermediates, resins, engineering plastics and packaging film and distribution of petrochemical products.
HNY Research projects that the PET Preforms market size will grow from USD 18.5 Billion in 2017 to USD 25.95 Billion by 2023, at an estimated CAGR of 5.8%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
PET preforms are unfinished PET bottles with varied neck sizes. They are made of PET resins, which are linear thermoplastic, white but bluish resin made from terephthalic acid and ethylene glycol through a process of polycondensation. PET preforms are either produced using the one-step hot preform method or the two-step cold preform method.
A Chinese firm engaged in the manufacture of yarns and fabric is looking to set up shop in the Philippines, the Department of Trade and Industry (DTI) said.
Trade Secretary Ramon Lopez met with representatives from Texhong Textile Group Ltd. in China last week and the company discussed its interest to invest in the Philippines.
Thailand has massive potential to transform itself into a key global production base for bioplastics and converted products thereof. Speaking to PlasticsToday, Plastics Institute of Thailand Executive Director Dr. Kriengsak Wongpromrat said that Thailand produced around 17 million tonnes of sugar in 2018 and exported around 11 million tonnes. “Taking 100,000 tonnes for the production of polylactic acid (PLA) biopolymer is not going to affect the supply of sugar for food applications, especially since consumption of sugar may be adversely affected by a ‘sweet tax’ that Thailand plans to introduce.”
Only 10% of Japan’s plastic drink bottles are recycled into new containers for products in the same industry. With more countries refusing to accept plastic waste, Japanese authorities and businesses are rethinking how to handle the growing mountains of trash.
Nowhere to Send Plastic Trash
Japan, like many industrialized nations, faces a garbage crisis. For years it shipped countless used plastic to China, the main global destination for recyclable materials. However, these exports included a substantial quantity of plastic contaminated by food and other waste that heavily impacted the local environment and health of workers charged with sorting the trash.
Materials supplier PolyOne Corp. (Avon Lake, OH) announced today that it has entered into a definitive agreement to sell its Performance Products and Solutions (PP&S) business to SK Capital Partners for $775 million in cash. PolyOne said that it expects to record a pre-tax gain of approximately $600 million at the time the sale is completed, which is expected to be in the third quarter of 2019.
M&APP&S is a global provider of formulated PVC and polypropylene-based solutions, as well as contract manufacturing services, primarily serving the North American construction and automotive end markets. The business reports annual sales of approximately $700 million.