Petrochemicals Bioeconomy Crude Oil 16-03-2020

Petrochemicals Bioeconomy Crude Oil

Petrochemical Plastics Monoethyleneglycol Prices

Petrochemicals Bioeconomy Crude Oil

-Crude Oil Prices Trend 

Crude Oil Prices Trend 

-AIMPLAS collaborates in development of antibacterial film

Anti-bacterial film based on essential oils for hospital use

The European FLEXPOL project has developed an innovative antibacterial plastic film using nanoencapsulated essential oils that is more eco-friendly than current hygienic practices and methods. The project involves using this material in hospitals, though this new development may be of interest to other sectors such as the public transport, food, textile, construction, electrical and electronics, and even cattle industries.

Valencia 13 March 2020 – AIMPLAS, the Plastics Technology Centre, has participated in the European FLEXPOL project, whose mission is to develop a new, more eco-friendly material with antimicrobial and antifungal properties to be used in hospitals. This plastic film is designed to cover surfaces that are highly exposed to contact with microbes and to prevent surface proliferation of these organisms by keeping them from adhering. Essential oil encapsulation technologies are therefore being used to obtain a product that is easy to apply and remove.  Petrochemicals Bioeconomy Crude Oil

Petrochemicals Bioeconomy Crude Oil

-Coronavirus restrictions exacerbate crude falls and chemical prices suffer

Travel restrictions, school and business closures and states of emergency do not only slam stock markets and rattle investors, they hit physical trade.

Following the most tumultuous week on global markets at least since the 2008/09 ‘great recession’ it is becoming much clearer that, no matter what actions governments take to combat the spread of the coronavirus Covid-19, the impact of the disease will be strung out over much of this year. It may well persist for years.Petrochemicals Bioeconomy Crude Oil

Extreme stock market volatility is an indicator of just how little we know and how little we can determine with any degree of accuracy about the spread and impact of the virus.

Petrochemicals Bioeconomy Crude Oil

-Malaysia’s Petronas targets Turkey for polymer exports

Malaysia’s state-owned Petronas is offering unbranded polyethylene (PE) and polypropylene (PP) from its Pengerang complex to Turkey, signalling a strategy to diversify beyond China where polymer demand is affected because of the coronavirus outbreak.

Pengerang, a joint venture between Petronas and Saudi Arabia’s state-controlled Saudi Aramco, can produce 750,000 t/yr of PE and 900,000 t/yr of PP.Petrochemicals Bioeconomy Crude Oil

Petrochemicals Bioeconomy Crude Oil

-Bigger Press Opens Opportunities for Molder

Acting quickly, Pittsfield Plastics arms its plant with high-tonnage Haitian press to meet customer demand and open options for more large-part molding projects.

A project initiated by an existing customer prompted injection molder Pittsfield Plastics Engineering LLC (PPE) to boost its large-part molding capability.

Back in November, PPE added a 1204-ton injection machine with a shot capacity of 155.6 oz to its plant in Pittsfield, Mass. PPE’s investment in the Haitian Jupiter III (JU10800 III) from Absolute Haitian is the latest in a series of upgrades the molder has made over the last five years.Petrochemicals Bioeconomy Crude Oil

Petrochemicals Bioeconomy Crude Oil

-Circular economy action plan 2.0: no circular economy without bioeconomy

“European Bioplastics (EUBP) welcomes the new Circular Economy Action Plan (nCEAP). It’s an ambitious step forward to transform Europe into a circular economy,” said François de Bie, Chairman of European Bioplastics.

“As EUBP, we especially endorse the European Commission’s commitment to support the sustainable and circular bio-based sector through the implementation of the Bioeconomy Action Plan,” he added.Petrochemicals Bioeconomy Crude Oil

Circular economy action plan 2.0: no circular economy without bioeconomy

-The Oil Collapse Isn’t Over Yet

Last week, Saudi Arabia threatened to flood the market with oil. This week, it did just that.

Aramco has been ordered to raise output capacity to 13 million bpd (from 12 million bpd), and it’s also going to slash its selling price by $6-$8 per barrel. Aramco will also load 300,000 bpd more for its customers in April, raising exports for the month to 12.3 million bpd.Petrochemicals Bioeconomy Crude Oil

If you thought the market was bad before this, consider that Aramco’s highest known production rate was 11.9 million bpd (back in November of 2018).

The Oil Collapse Isn’t Over Yet

-Prescient Color renames itself as Americhem Polymers

Prescient Color, an Indian producer of high-end colour masterbatches in niche applications such as synthetic fibres, has renamed itself as Americhem Polymers India Private Limited. This change of names comes almost two years after Americhem, an innovative, technology-driven leader in the global polymer industry, acquired the Indian company in June 2018.Petrochemicals Bioeconomy Crude Oil

The acquisition complemented Americhem’s position in the global synthetic fibre market and has expanded its geographic reach in this high growth region. Americhem Polymers India Private Limited has seen tremendous growth since joining Americhem by collaborating with their customers as the global, trusted advisor to shape the future through innovative and sustainable polymer solutions.

Prescient Color renames itself as Americhem Polymers

-PETCO, the PET Recycling Company

PRODUCERS of polyethylene terephthalate (PET) plastic in South Africa realised that collectively addressing their responsibilities with respect to post-consumer waste PET packaging would be more effective and efficient than government-imposed regulation. Thus, PETCO (PET Recycling Company) was established at the end of 2004 as an industry-driven and financed national recycling initiative, based on the concept of Extended Producer Responsibility (EPR), the goal being to capitalise on the expected growth in the market for recycled PET and to act as the vehicle through which the PET industry could self-regulate and co-ordinate its recycling activities.Petrochemicals Bioeconomy Crude Oil

PETCO, the PET Recycling Company

-Nonwovens Industry’s Coronavirus COVID-19 Poll

See how business are being affected by the Coronavirus

News concerning the Coronavirus COVID-19 is changing rapidly. As major events are cancelled, schools closed and travel restrictions put in place across the globe, the use of some nonwoven-based products like face masks and disinfectant wipes are surging.

Many of these products, in fact, are in short supply. Earlier this week, we conducted an anonymous survey of our readership to see how the spread of COVID-19, which was declared a global pandemic on March 11, is affecting their operations.Petrochemicals Bioeconomy Crude Oil

Nonwovens Industry's Coronavirus COVID-19 Poll

-Prepare For Bankruptcies, Layoffs And A Drilling Slowdown

Oil prices have fallen nearly 50 percent since the start of the year and the short-term outlook isn’t looking very promising as OPEC and Russia continue to boost supply.

Prepare For Bankruptcies, Layoffs And A Drilling Slowdown

Petrochemicals Bioeconomy Crude Oil

Petrochemicals Bioproducts Crude Oil 14-03-2020

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