Petrochemicals Bioeconomy Polyolefins 18-03-2020
Petrochemicals Bioeconomy Polyolefins
Crude Oil Prices Trend
Benzene prices in Asia fell below USD500 per tonne, FOB Korea this week, this is the level that was last observed during the financial crisis in 2008, ICIS reports.
The crude oil market collapsed last week to below USD30 per barrel and has since struggled to gain a foothold.
Fears of a slowdown in global demand due to the spread of supply chains, as well as coronavirus, have put pressure on markets around the world.
According to the latest WHO data, a total of 168,019 people have been confirmed to be infected with 6,610 deaths in 148 countries, areas or territories.
Copper has been essential to human technology since its early days–it was even used to make tools and weapons in ancient times. It is widely used even today, especially in electronic devices that require wiring.
But, a challenge with using copper is that its surface oxidizes over time, even under ambient conditions, ultimately leading to its corrosion.Petrochemicals Bioeconomy Polyolefins
And thus, finding a long-term method to protect the exposed surfaces of copper is a valuable goal.
One common way of protecting metal surfaces is by coating them with anti-corrosive substances.
Dr Roger Storey, who was the Technical Director of Colloids Limited for 17 years until his retirement, passed away peacefully on 26 February 2020.
A scientist, with extensive technical expertise and knowledge of polymer science, Dr Storey graduated from Brunel University London in 1973, where he read Polymer Technology, and later went on to complete a PhD at the University of Manchester, gaining his doctorate in 1979.Petrochemicals Bioeconomy Polyolefins
Petrochemicals and chemicals plants in Spain stepped up safety measures over the weekend as the country entered on Monday morning a two-week state of emergency due to the coronavirus outbreak.
The Spanish chemicals trade group FEIQUE, BASF Spain, and the trade group representing the petrochemicals hub of Tarragona said to ICIS that operations at all plants are running, but strict social distancing measures have been taken.Petrochemicals Bioeconomy Polyolefins
All office-based employees have been sent to work from home.
As the coronavirus spreads around the world and countries implement containment measures, energy supply and demand is being disrupted.
Italian demand was hit in week 11 as authorities enforced measures to slow the spread of the virus. Other European countries like Spain, France and Austria are following suit. These measures are likely to pressure prompt and near curve contracts, particularly as warmer weather also reduces heating demand.Petrochemicals Bioeconomy Polyolefins
The impact that country-wide lockdowns and demand slowdowns will have on energy markets will be evolving every day.
Europe naphtha prices have continued the downwards spiral as crude oil futures touched new lows amid limited relief from the ongoing price war rout and the coronavirus pandemic.
Prices have touched lows not seen since November 2008, before the the financial crisis-induced global recession.Petrochemicals Bioeconomy Polyolefins
European naphtha spot prices fell 9% on Monday afternoon to $238/tonne CIF (cost, insurance, freight) northwest europe (NWE), down from Friday’s close of $260.50/tonne.
Under its Green Deal, the European Commission has presented a circular (bio)economay action plan that prepares the ground for a sustainable bio-economy.
A main goal of the new Circular Economy Action Plan as a major pillar of the European Green Deal, is sustainable growth.
The new Action Plan aims to strengthen the EU’s competitiveness while protecting natural resources and give new rights to consumers.Petrochemicals Bioeconomy Polyolefins
As resouces are limited, the action is focused on the design and production for a circular bio-based economy, with the aim to ensure that the resources used are kept in the EU economy for as long as possible.
The initiatives therein will be developed with the close involvement of the business and stakeholder community.
Highlights include strategic partnerships with Nestlé Waters, PepsiCo and Suntory Beverage & Food Europe, which have joined the PET Consortium founded with L’Oréal
Signature of two exclusive agreements with Novozymes, the world leader in enzyme production
First PET bottles made with 100% Purified Terephthalic Acid coming from enzymatically recycled plastic waste Petrochemicals Bioeconomy Polyolefins
Grant of major patents in the U.S., Europe and Japan
Polymer exports from Malaysia’s state-owned Petronas are expected to be affected after a second fire in 12 months at its new petrochemical facility in Pengerang.
An explosion and fire occurred at the Pengerang integrated complex at around 10.50pm local time (02:50 GMT) on 15 March.
The fire was understood to have affected the refinery’s diesel hydrotreater unit but this could not be independently confirmed. Petrochemicals Bioeconomy Polyolefins
A push to swap out single-use plastics and other unsustainable materials leaves eco-friendly suppliers in a strong position. By Freddie Holmes
The textiles used to upholster a typical vehicle interior weigh around 30kg (65lbs), with seat covers alone accounting for more than 5kg.
Virtually all of those will use textiles will have been produced with non-recyclable synthetic fibres. Petrochemicals Bioeconomy Polyolefins
Petrochemicals Bioeconomy Polyolefins