Petrochemicals Bioplastic Biodegradable 15-01-2020
Petrochemicals Bioplastic Biodegradable
Crude Oil Prices Trend
Iran is unlikely to attempt to shut down traffic through the Strait of Hormuz in spite of high political tensions, although there is scope for shipping costs to escalate.
Hostilities between the US and Iran through much of last week prompted fears that Iran may seek to retaliate by closing the Strait of Hormuz, a key shipping artery from east to west for crude oil and chemicals.
As it enters the new decade, the development and promotion of its fabric portfolio continues to be the focus of Super Absorbent Fibre (SAF) manufacturer Technical Absorbents Limited (TAL). Petrochemicals Bioplastic Biodegradable
At the end of March, the UK-based company will take its latest products, including a new range of superabsorbent fabrics that provide a higher gel strength when wetted, to the INDEX Nonwovens Exhibition in Geneva.
The European Commission considers banning plastic packaging, and an EU directive would target also tires or cosmetics, Bloomberg reported, citing an interview in Die Welt with an EU Commissioner-designate.Petrochemicals Bioplastic Biodegradable
The EU Commission is evaluating a ban on plastic packaging and setting new requirements for manufacturers, EU Commissioner-designate for environment and the oceans Virginijus Sinkevicius said in an interview with German newspaper Die Welt.
As Heimtextil celebrated its 50th anniversary in Frankfurt last week, the event’s tenth Green Directory was also published, with tours of sustainable forerunners once again conducted by Max Gilgenmann, co-owner of the Berlin agency Kaleidoscope.
Kaleidoscope is a specialist in strategic consultancy and creative directing for international brands in the field of fashion and textiles and in 2020 its Green Tours proved more popular than ever before, revealing a real thirst for knowledge on the latest sustainable processes and products.Petrochemicals Bioplastic Biodegradable
This year, one company really stood out in this respect – the long-established German fabric wholesaler DDF (Deco Design Fürus), with its new brand OceanSafe.
With a content-driven programme, the 50th edition of Heimtextil delivered strong impetus for start of new furnishing season. Sustainability was at top of the agenda outshining all other topics. 63,000 visitors gathered information about major themes dominating international industry from 2,952 exhibitors at the leading tradefair for home & contract textiles.Petrochemicals Bioplastic Biodegradable
“The industry is currently facing huge challenges. And some of those taking part at Heimtextil have really felt this. However: exhibitor satisfaction has remained at the same high levels as last year. And visitor satisfaction has even increased from 93 to 95 per cent. In addition to the early date, the reasons behind the reduced visitor numbers are mainly down to strong consolidation of specialist shops and developments in the stationary retail trade in the direction of e-commerce.
Energy stocks are to the upside while US stock futures hover around unchanged as oil prices snap a four day losing streak.
The corporate earnings season kicked off with J.P. Morgan Chase posting stronger-than-forecast quarterly results.Petrochemicals Bioplastic Biodegradable
In the energy sector, there were several stock rating initiations including about 10 underperform rated services companies, five refiners at overweight or equal weight and three E&Ps with positive ratings.
The European Union plans to dedicate a quarter of its budget to tackling climate change and to help shift 1 trillion euros ($1.1 trillion) in investment towards making the economy more environmentally friendly over the next 10 years.
The Europe Investment Plan unveiled Tuesday will be funded by the EU budget and the private sector.Petrochemicals Bioplastic Biodegradable
It aims to deliver on European Commission president Ursula von der Leyen’s Green Deal to make the bloc the world’s first carbon-neutral continent by 2050.
Heimtextil, the world’s leading textile trade fair, celebrated its 50th Show in January at Messe Frankfurt in Frankfurt, Germany. Nearly 3,000 companies from 65 countries presented their innovations at the largest trade fair for home and contract textiles. Throughout the massive exhibition space, exhibitors unveiled many unprecedented design concepts.Petrochemicals Bioplastic Biodegradable
Sustainability is at the Forefront of the Industry
The major theme at Heimtextil, however, and the industry as a whole, is sustainability. Green aspects are at the forefront of the industry’s agenda, and green pioneers were given a platform by Heimtextil, to share their innovations.
As per the report, the global biodegradable plastic industry was estimated at $1.29 billion in 2018, and is expected to hit $6.00 billion by 2026, registering a CAGR of 21.3% from 2019 to 2026.Petrochemicals Bioplastic Biodegradable
Drivers, restraints, and opportunities:
Environmentally friendly nature & growing consumer adoption of biodegradable plastics, high demand for biodegradable plastic in food packaging application, and favorable government policy towards bioplastic are the major factors fueling the growth of the global biodegradable plastic market.
Specialty chemicals company, Evonik, has announced a new multi-purpose silicone production facility in Geesthacht, Germany.
The reportedly double-digit million euro investment was launched following less than 18 months of construction. The project was completed on time and within the planned budget.Petrochemicals Bioplastic Biodegradable
The Mayor of Geesthacht was amongst the construction partners, staff and local dignitaries to partake in an inauguration ceremony at the site on 10th January 2020.
Petrochemicals Bioplastic Biodegradable