Petrochemicals Crude Oil Polylactic 25-03-2020

Petrochemicals Crude Oil Polylactic

Crude Oil Prices Trend

Crude Oil Prices Trend

-Oerlikon bags orders for MMF production solutions

Oerlikon has received orders for manmade fibres production solutions from three of the world’s leading manmade fibres manufacturers. All three companies are based in China and have been key customers of Oerlikon. The orders are for Oerlikon Barmag’s world leading filament-spinning technology for the highly efficient production of polyester fibres.

The three projects have a total value of more than CHF 600 million (EUR 565 million). A very small proportion of these projects will be recognized in Oerlikon Group’s order intake in 2020, and the majority will be accounted for in 2021 and 2022. On-site delivery and installation of these systems is planned for the period from 2021 to early

Petrochemicals Crude Oil Polylactic

Global melt-blown nonwovens market – CAGR of 7.6%

The demand for face masks has witnessed a large increase since the outbreak of the coronavirus infection (COVID-19) , on the other side markets shows a deep shortage in melt blown fabrics supplies.  Petrochemicals Crude Oil Polylactic 

According to Zion Market Research,the global melt-blown nonwovens market was valued approximately USD 7,263 million in 2018 and is expected to reach approximately USD 13,009 million by 2026, at a CAGR of around 7.6% between 2019 and 2026.
Petrochemicals Crude Oil Polylactic

-Avantium : Ray Technology™

Our Ray Technology™ is a highly efficient process that converts plant-based sugars into glycols, which are important chemical building blocks for the polyester value chain. Avantium is scaling up its Ray Technology™ and the demonstration plant in Delfzijl, the Netherlands opened on November 7, 2019.Petrochemicals Crude Oil Polylactic 

A bright step to the future

Avantium’s Ray Technology™ is a highly efficient one-step hydro-genolysis process to produce mono-ethylene glycol (MEG) from plant-based industrial sugars.

Petrochemicals Crude Oil Polylactic

-China’s PP raffia prices hit four-year low

Polypropylene (PP) raffia prices in China have slumped to a four-year low as demand continues to decline amid the coronavirus pandemic.

PP raffia prices in China on a midpoint basis were at $815/t cfr, the lowest level since 24 February 2016, according to Argus data.

Feedstock propylene prices in Asia have been under pressure in recent weeks because of weak derivative demand. Petrochemicals Crude Oil Polylactic 

Propylene prices in northeast Asia were at $670-720/t cfr on 18 March, down by $30/t from the previous week.

Petrochemicals Crude Oil Polylactic

-Trump’s Ultimate Weapon To End The Oil War

U.S. President Donald Trump is facing increasing calls from some U.S. senators and congressmen to pressure Saudi Arabia into ending the oil price war, with one of his own Republican party – Senator Kevin Cramer – last week urging him to impose an embargo on oil imports from Saudi Arabia, Russia and other OPEC nations.

It is not because the U.S. shale producers cannot deal with a much lower sustained oil price environment as they can.

It is because in order to cope with this environment, capital expenditure will have to be trimmed back to the sorts of ratios seen the last time that the Saudis tried the same thing from 2014 to 2016. Petrochemicals Crude Oil Polylactic 

Petrochemicals Crude Oil Polylactic

-News from the world of fashion: Italian luxury is preparing to face the crisis (Italian Language Only)

FASHION AND TEXTILE also face a moment of uncertainty without precedents.

An analysisof the first data that tell the impact of the coronavirus on luxury brands in the world.
With over 80% of shopping centers and supermarkets reopened in Beijing, Shanghai and Guangzhou and Chengdu, China, “the” market par excellence for the Italian luxury industry, tries to start again. A research by JP Morgan predicts that the Chinese economy will increase by 15% between April and June compared to the previous three months: and 45% of the luxury goods produced in the world are consumed here.
THE NEW FASHION CALENDAR Petrochemicals Crude Oil Polylactic 
The Italian fashion houses have instead canceled any presentation planned for the cruise collections in North America, Dubai and Japan, and together the cancellations rain at the participation of any fair event. The presentation of Giorgio Armani, scheduled for 19 to 20 April in Dubai, is postponed in October: in any case it will no longer include the cruise collection. Versace and Gucci both canceled their shows in the United States, originally scheduled for May.

-Sustainability partnership invests in Davis-Standard reclaim extruders

ACI Plastics, a US-based post-industrial plastics reprocessing business, will install two Davis-Standard reclaim extruders at its South Carolina plant in early 2020.

Two more are scheduled for installation in its California plant later this year. The extruders will be used to pelletise scrap materials from mixed rigid plastics, including the production of PE and PP pellets for re-sale.Petrochemicals Crude Oil Polylactic 

The expansion is part of ACI’s partnership with PreZero, a global waste management and recycling firm committed to long-term environmental sustainability. With PreZero’s support, ACI Plastics will expand its footprint for closed-loop sustainable processing of film and rigid plastics to better support customers.

Sustainability partnership invests in Davis-Standard reclaim extruders

-Built to last: Lego could take up to 1,300 years to decompose

One of the world’s most enduring toys lasts longer than even its makers intended.

Lego, scientists have found, could take 1,300 years to decompose.

Researchers testing Lego retrieved during beach clean-ups found its tough plastic bricks in great condition despite decades of wear and tear from constant exposure to water, sunlight and abrasive sands and stones. Petrochemicals Crude Oil Polylactic 

The Lego tested could be dated to the 1970s because the bricks contained certain chemical colourants outlawed after that time.

Built to last: Lego could take up to 1,300 years to decompose One of the world's most enduring toys lasts longer than even its makers

-Plant-based plastic biodegrades in the ocean

Whether it’s entangling marine animals, clogging their guts when they eat it, or forming giant floating “garbage patches,” oceanic plastic waste is a huge problem. There may be new hope however, in the form of what is claimed to be a better type of marine-biodegradable plastic. Petrochemicals Crude Oil Polylactic 

First of all, various groups have already developed plastics that harmlessly biodegrade in the ocean environment. According to Japan’s Osaka University, however, these have three main drawbacks: they’re of inferior quality to conventional plastics, they cost over twice as much to produce, and they can only be manufactured in relatively small amounts.

Plant-based plastic biodegrades in the ocean

-Indorama Ventures Aims To Recycle 50 Billion PET Beverage Bottles Per Year By 2025

Indorama Ventures Public Company Limited (IVL), a global company listed in Thailand has recycled 50 billion PET bottles since 2011. The equivalent of over 200,000 elephants in weight. This major global recycling milestone saved three million barrels of crude oil and eliminated 1.65 million tons of carbon. The company has committed US$ 1.5 billion to deliver more recycling infrastructure globally. Petrochemicals Crude Oil Polylactic 

Mr. Yashovardhan Lohia, Chief Recycling Officer at Indorama Ventures said, “Today we recycled our 50 billionth PET bottle, since we started in 2011. As a Thai company, we are very proud to achieve this major global recycling milestone. We want to go further because we know PET is fully recyclable and uses less energy and water to produce than alternative beverage packaging. In five years’ time we aim to recycle 50 billion bottles a year.

Indorama Ventures Aims To Recycle 50 Billion PET Beverage Bottles Per Year By 2025

Petrochemicals Crude Oil Polylactic

Petrochemicals Circular Economy Polylactic 24-03-2020

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