Petrochemicals Bioplastic Additives 14-01-2020

Petrochemicals Bioplastic Additives

Crude Oil Prices Trend 

Crude Oil Prices Trend 

-Number of active U.S. drilling rigs continues to fall this week

The number of active drilling rigs in the United States fell by 15 to 781 this week, down by 294 rigs year-on-year, according to weekly data released by a Houston-based oilfield services company on Friday.

According to Baker Hughes, these active drilling rigs included 659 oil rigs operating in the U.S. oil fields, down by 11 from the previous week; 119 gas drilling rigs, down by four from the previous week; and three miscellaneous rigs, unchanged from last week.

The 781 rigs include 759 land drilling rigs, down by 14 from the previous week; 21 offshore drilling rigs, down by one; and one inland waters drilling rig which remained unchanged from last week.

Petrochemicals Bioplastic Additives

-Duo UK installs polyethylene recycling capacity

UK-headquartered packaging manufacturer and distributor Duo UK is to expand its head office in Manchester to 5,000 sq ft with a new extension and installation of an Erema recycling machine.Petrochemicals Bioplastic Additives

The company has seen a significant increase in client demand for products using recycled polyethylene to create more sustainable packaging solutions for customers.

To handle this increase in demand, the business has decided to sell its partner company Moorgreen Flexible Packaging in Derbyshire to Vickers-Lee Holdings, owners of Cromwell Polythene, and will invest the funds from the sale into the expansion of its site in Manchester to accommodate the new machinery.

Petrochemicals Bioplastic Additives

-New to market – BioSphere biodegradable additive for blow moulded PET

Colourmaster NIP Ltd introduces a new addition to the Biosphere range – the additive which significantly accelerates biodegradation of plastics in landfill, compost and marine environments.Petrochemicals Bioplastic Additives

BioSphere biodegradable additive for blow moulded PET

Colourmaster NIP Ltd

The new grade, BioSphere 203, has been developed specifically for use in blow moulded PET applications and maintains the clarity of the PET, rather than showing a haze, as is the case with the general purpose 201 grade.

Petrochemicals Bioplastic Additives

-Asia’s naphtha crack rises on higher demand

Asia’s naphtha refining margin rose 5.8% to $79.33 a tonne on Thursday, its highest since Jan. 3, boosted by a rise in demand this week.

South Korea’s Lotte Chem bought naphtha for arrival in the second half of February at Daesan and Yeosu at premiums of about $17.50 and $17.00 a tonne respectively to Japan quotes on a cost-and-freight (C&F) basis.Petrochemicals Bioplastic Additives

Petrochemicals Bioplastic Additives

-First Heimtextil Colombia scheduled for 2021

Messe Frankfurt, one of the world’s largest trade fair organizers has licensed its Heimtextil brand to Inexmoda, a private non-profit institute based in Colombia (South America) and owner of the most important textile and fashion trade shows in Latin America – Colombiatex of the Americas and Colombiamoda, Colombia ́s Fashion Week. The deal was signed at this week’s Heimtextil in Frankfurt. The first edition of Heimtextil Colombia will open its doors in April 2021.Petrochemicals Bioplastic Additives

Heimtextil Colombia will take place in Medellin, one of the most important and innovative cities of Colombia (South America), and cover the Americas which represent a high potential in the world market. Messe Frankfurt and Inexmoda are targeting Colombia as a business platform for the home, furnishings, hospitality business, and further textile related products that will gather both top of the line exhibitors, and professional buyers from the region.

Petrochemicals Bioplastic Additives

-RadiciGroup kicks off new year under sustainability banner

RadiciGroup started off the new year 2020 under banner of sustainability by launching Renycle, a range of yarns obtained from recycled nylon, and acquiring Zeta Polimeri, an Italian company with 30 years experience in recovery of synthetic fibre & thermoplastics. Both actions are aimed at environmental protection and meeting requests of a demanding market.Petrochemicals Bioplastic Additives

At Domotex 2020 (hall 11 c48), RadiciGroup is exhibiting a number of innovative solutions for the recovered fibres sector targeted at fashion fabrics, furnishings and automotive applications. These new products are the result of the group’s vertically integrated nylon production and the synergies among its various business areas, from chemicals to engineering polymers and synthetic yarns.

RadiciGroup kicks off new year under sustainability banner

-Circularise PLASTICS pilots blockchain technology for greater transparency in circular economy transition

The Circularise PLASTICS initiative is set to pilot its blockchain technology for transparent circularity in plastics in a production environment early this year in what the group is calling its “first milestone.” The collaborative project was founded by polyamide supplier DOMO, materials manufacturer Covestro and Circularise, a supply chain transparency start-up. Petrochemicals Bioplastic Additives

At CES 2020 in Las Vegas last week, Circularise and Covestro presented the project to customers and opened the consortium for new partners to join on the pathway towards greater transparency and circularity in plastics.

Circularise is a blockchain technology start-up offering an open source protocol and decentralized platform to bring transparency to global supply chains and empower businesses to move towards a circular economy. Circularise enables brands, suppliers and manufacturers to choose sustainable and circular materials and present information about products and their supply chains transparently without risking privacy.

Circularise PLASTICS pilots blockchain technology for greater transparency in circular economy transition

-Suominen revises sustainability agenda for 2020-2025

Suominen has revised its sustainability agenda as part of its business strategy work. The agenda crystallises the sustainability themes and targets for the strategy period 2020-2025. A thorough stakeholder survey, interviews with stakeholder representatives, as well as internal workshop with management served as the basis for renewing the agenda.Petrochemicals Bioplastic Additives

Suominen’s sustainability agenda has four themes which represent the topics that are defined most important to its business and stakeholders. These themes create basis for actions and targets. Through the themes, Suominen evaluated its performance and reports on its achievements on an annual basis.

Suominen revises sustainability agenda for 2020-2025

-Avantium selects Netherlands-based location to build its FDCA flagship plant.

“Along with the increased innovation the flagship plant will bring to the region, the Avantium plant will create over 60 highly skilled jobs and provides significant indirect employment opportunities.” Petrochemicals Bioplastic Additives

Dutch renewable chemicals company Avantium has announced that it will build its furandicarboxylic acid (FDCA) flagship plant at Chemie Park Delfzijl, the Netherlands.

The five-kiloton facility will produce plant-based FDCA – a key building block for many chemicals and plastics such as PEF (polyethylene furanoate).

Avantium selects Netherlands-based location to build its FDCA flagship plant.

Petrochemicals Bioplastic Additives

Petrochemicals Bioplastic Masterbatches 13-01-2020

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