Petrochemicals Chemical Recycling Brexit 07-09-2020

Petrochemicals Chemical Recycling Brexit

Petrochemical Compound PE Naphtha Trend

Petrochemicals Chemical Recycling Brexit

-Crude Oil Prices Trend 

Crude Oil Prices Trend 

-Integration ongoing in China nylon 6 industry

Zhejiang Fangyuan New Materials Co., Ltd. has bid the land use rights, real estate, machinery and equipment and trademarks of “Zhejiang Mesbon Chemical Fiber Co., Ltd.” for 229 million yuan. Fangyuan’s total nylon filament production capacity thus has uplifted to 90kt/year, being the sixth largest NFY maker in China. With nylon capacity expanded continuously in China, the industries are seeing more industrial integration, company merger and giant enterprises produced.Petrochemicals Chemical Recycling Brexit

The proportion of caprolactam plants that are integrated with PA6 polymer production has gradually uplifting in the past 8 years. Since the year of 2012, China domestic caprolactam production capacity started a faster expansion. CPL plants integrated with PA6 are divided into two categories. One kind is CPL plants are forward integrated with polymer production facility, and they are mostly in North China. The other is downstream filament plants that are gradually backward integrated into upstream polymer and CPL production, and these plants are mostly in Fujian, South China. By the end of August 2020, CPL plants integrated with PA6 production takes 43% in total CPL plants in China.

Petrochemicals Chemical Recycling Brexit

-The risk of LDPE in short supply accumulates

Recently, domestic PE market moves higher as a whole. In the case of the gradual release of demand in the peak season and the continuous replenishment of the downstream end-plants, petrochemical inventories have fallen sharply and the support of the market has become more and more powerful. Among them, LDPE is the strongest. Under the condition of continuous rise, the transaction price of coal chemical industry 2426H in East China has risen to more than 9,800yuan/mt, which is about 2,500yuan/mt higher than that of coal chemical industry 7042 in the same region.

The price spread between LDPE and LLDPE price has expanded to a level that have not seen in several years.Petrochemicals Chemical Recycling Brexit

From the perspective of supply, first of all, in terms of domestic products, the start-up peak season of domestic LDPE plants was in 2016-2017, and it has maintained a stable state since 2017. No new LDPE plant has been put into production in the past three years.

Petrochemicals Chemical Recycling Brexit

-Nova enters PCR via food-grade rHDPE deal with Merlin

Nova Chemicals (Calgary, Alberta, Canada) has entered the post-consumer recyclate (PCR) market through a partnership with Merlin Plastics (Delta, British Columbia, Canada), according to Chemweek.Petrochemicals Chemical Recycling Brexit

Under the agreement, Nova will finance a “multimillion-dollar” project supporting Merlin’s expansion into high-density polyethylene (HDPE) PCR suitable for food-contact applications. Merlin will, in turn, supply up to 30 million pounds/year of the material to Nova under a five-year agreement.

“This partnership with Merlin and our forthcoming suite of PCR-containing resins will help meet our customer and brand-owner needs and expand high-quality PCR supply for use in consumer packaging,” says Luis Sierra, president and CEO of Nova.

Merlin is Canada’s largest plastics recycler, with operations in British Columbia and Alberta.

Petrochemicals Chemical Recycling Brexit

-Oil prices at one-month low on demand worries

Oil prices extended losses, falling by more than 2% to their lowest point since early August, as worries about weaker US gasoline demand and a sluggish economic recovery from the COVID-19 pandemic dented sentiment, reported Reuters.

Brent crude LCOc1 fell USD1, or 2.25%, to USD43.43 a barrel by 1118 GMT. US West Texas Intermediate (WTI) crude CLc1 futures were down USD1.02, or 2.5%, at USD40.49 a barrel.Petrochemicals Chemical Recycling Brexit

Both benchmarks fell more than 2% on Wednesday.

US gasoline demand last week fell to 8.78 million barrels per day (bpd) from 9.16 million bpd a week earlier, Energy Information Administration (EIA) data showed on Wednesday, with consumption of other oil products also falling.

“It is the latest data set that possibly caught the eye of those who ran long positions, and not even another record close in the US stock market was able to change the direction of the herd,” Tamas Varga of oil brokerage PVM said.

Petrochemicals Chemical Recycling Brexit

-EU demanding potential veto on UK’s post-Brexit laws: Report

EU’s chief negotiator says London must agree not to change UK law distorting trade with the bloc, The Times reports.

The European Union is demanding a potential veto on the United Kingdom’s post-Brexit laws and regulations, The Times newspaper reported on Saturday, citing senior government officials.Petrochemicals Chemical Recycling Brexit

The British daily reported that the EU’s chief negotiator, Michel Barnier, is said to be insisting that London must agree not to implement any change to UK legislation that could distort trade with the bloc without first consulting Brussels.

Barnier’s UK counterpart, David Frost, has rejected the approach, The Times reported.

EU demanding potential veto on UK’s post-Brexit laws: Report

EU’s chief negotiator says London must agree not to change UK law distorting trade with the bloc, The Times reports.

The European Union is demanding a potential veto on the United Kingdom’s post-Brexit laws and regulations, The Times newspaper reported on Saturday, citing senior government officials.

EU demanding potential veto on UK's post-Brexit laws: Report

-Boris Johnson: UK will ‘prosper mightily’ even without a Brexit deal

UK prime minister calls on the EU to be ‘sensible’ and agree to a Canada-style deal.

The EU should be “sensible” and give the U.K. a Brexit deal of the sort it gave to Canada, the U.K.’s prime minister said Friday, stressing Britain is ready for any Brexit scenario at the end of the year.Petrochemicals Chemical Recycling Brexit

Speaking to Sky News, Boris Johnson said the public needed to understand the changes coming after the Brexit transition ends on December 31 and the U.K. severs its ties with the EU, but stressed Britain “will get through this.”

In a message seemingly targeted at his counterparts in the EU, Johnson said: “It’s absolutely vital that our partners understand that the U.K. is going to do what we need to do. If we have to have an Australia-style deal, an Australia-style solution, then that is what we will achieve, and we will prosper mightily one way or the other.”

Boris Johnson: UK will ‘prosper mightily’ even without a Brexit deal

-Toray celebrates launch of European rideshare service for light satellites

Nottingham UK based Toray Advanced Composites is celebrating the successful inaugural mission of the European rideshare service for light satellites.

The European Space Agency (ESA) has successfully launched and deployed over 50 satellites via its Small Spacecraft Mission Service (SSMS) modular rideshare system. The innovative modular payload dispenser will make satellite launch more accessible and affordable and is made using Toray Advanced Composites’ RS-36 space-approved composite materials.Petrochemicals Chemical Recycling Brexit

The new Vega Small Spacecraft Mission Service (SSMS) comprises an innovative modular dispenser, launched in the fairing of the Vega rocket. The dispenser is designed and manufactured by SAB Aerospace (Czech Republic) for ESA’s Vega prime contractor Avio (Italy).

Toray celebrates launch of European rideshare service for light satellites

-Freudenberg starts up state-of-the-art spunlaid line in Taiwan

Freudenberg Performance Materials has completed the installation of a state-of-the-art spunlaid line in Taiwan and will begin production of nonwovens for diverse markets. The new production line is the first to feature the latest spunlaid technology developed by Freudenberg.Petrochemicals Chemical Recycling Brexit

The technology enhances filament distribution for increased material uniformity, which in turn provides customers with ease of processing the nonwovens for a variety of applications. The line also utilizes AI technology to detect variances in the material and automatically adjust uniformity as well as a high-grade IR camera to identify small melt defects.

“The expansion of our capabilities underscores our long-term commitment to Asia. We want to continue to support our customers in the automotive and carpet markets with innovative and sustainable solutions that will help them grow,” Dr. Frank Heislitz, CEO of Freudenberg Performance Materials.

Freudenberg Performance Materials

-“Doing more, with less”: The future of lightweight packaging

At a time when the industry is scrambling to react to societal and political pressure for more sustainable packaging, Andrew Capper, creative director at Echo, a London-based innovation, brand strategy and design agency, looks at how lightweighting could help solve this issue.Petrochemicals Chemical Recycling Brexit

Lightweighting might not be the ultimate answer to producing sustainable packaging, but it should be an important shorter-term step towards achieving a solution to a hugely complex problem. The process is a bit like a carmaker creating an increasingly efficient petrol engine whilst at the same time innovating an alternative power source that is “greener”.

“Doing more, with less”: The future of lightweight packaging

Petrochemicals Chemical Recycling Brexit

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