Petrochemicals Crudeoil Lignin 11-09-2020
Petrochemicals Crudeoil Lignin
Crude Oil Prices Trend
Germany’s chemical industry association VCI (Frankfurt) says it expects the country’s production of chemicals and pharmaceuticals to fall by 3% in 2020 compared to the prior year, with annual sales to decline by 6% year on year (YOY). A return to pre-COVID-19 levels is not expected before the end of 2021 at the earliest, it says, said Chemweek.
Initial signs of a recovery are, however, now being seen, says Christian Kullmann, VCI president and chairman of Evonik Industries. “If another shutdown can be avoided, demand for chemicals and pharmaceuticals is expected to stabilize in the second half of the year,” he says.
Production by Germany’s chemical and pharmaceutical industry fell by 2.5% YOY in the first six months of this year, while sales shrank by 6.1% YOY to EUR96 billion (USD113 billion). Excluding pharmaceuticals, chemicals output fell by 3.6% in the first half of the year, compared to the equivalent period last year.
Turkish compounder, Epsan, has added three new engineering polymers to its product portfolio.
The three new grades, designed for automotive interiors, fall under the Epimix ABS/PA family of compounds.Petrochemic als Crudeoil Lignin
The new High Impact Modified, eight percent glass filled and 15 per cent glass filled products all feature improved UV resistance.
“EPIMIX ABS/PA grades are the outcome of long term of formulation and process runs prior to commercialisation, they have excellent followability and matte surface finish,” explained Seckin Simsek, Research and Innovation Engineer for the product group at Epsan.
“The automotive interior requiring an unpainted high surface quality and high dimensional stability is one of the main applications of Epimix ABS/PA compounds.
Magnum’s pint tubs are made using certified circular PP from SABIC’s TruCircle portfolio, said Chemweek.Petrochemicals Crudeoil Lignin
When it comes to food and drink applications, recycled plastic has limited uses. Regulations forbid the use of post-consumer resin (PCR) in food & drink contact, as well as in hygiene and medical applications. However, brand owner Unilever and its partner SABIC have developed a solution and introduced it to some European markets. Their goal: prove that PCR can be transformed for use in food-contact applications safely.
“Unilever and SABIC thought it vital to move fast in bringing this type of solution to the market. Because it helps consumers and regulators become aware of what is currently possible when it comes to plastic recycling technology,” says Mark Vester, circular economy leader at SABIC, told CW during a recent phone interview.
In early 2019 the brand owner got together with SABIC to discuss the new packaging concept for one of Unilever’s Magnum ice cream tubs. In just over nine months, the collaboration went from concept to market with a packaging solution made from recycled polypropylene (rPP).
Company completes next step towards an industrial scale conversion of plastic waste into feedstock Petrochemicals Crudeoil Lignin
LyondellBasell (NYSE: LYB), one of the largest plastics, chemicals and refining companies in the world, today announced the successful start-up of its MoReTec molecular recycling facility at its Ferrara, Italy, site. LyondellBasell’s proprietary MoReTec advanced recycling technology aims to return post-consumer plastic waste to its molecular form for use as a feedstock for new plastic materials.
LyondellBasell successfully starts up its MoReTec molecular recycling facility at its Ferrara, Italy, site. The pilot plant completes the company’s next step towards an industrial scale conversion of plastic waste into feedstock.
“Ending plastic waste in the environment and advancing the circular economy are key sustainability focus areas for our company,” said Jim Seward, LyondellBasell Senior Vice President of Research & Development (R&D), Technology and Sustainability. “With our advanced plastics recycling technology, we return larger volumes of plastic waste back into the value chain and produce new materials for high-quality applications, retaining their value for as long as possible.”
Huntsman says its polyurethanes segment is performing well above expectations owing to continued strength in construction-related markets, faster improvement in automotive demand, and higher overall margins, reported Chemweek.
The company says third-quarter results in its other segments are still roughly in line with previous guidance. Petrochemicals Crudeoil Lignin
During its second-quarter earnings call on 28 July, Huntsman forecast a 30% year-over-year (YOY) decline in the segment’s third-quarter adjusted EBITDA, but the company now expects a figure close to the year-ago value of USD146 million.
During the second quarter of 2020, the polyurethanes segment turned in adjusted EBITDA of USD31 million, down 80% YOY, and revenue of USD730 million, down 28% YOY, both reflecting lower average selling prices for methylene di-para-phenylene isocyanate (MDI) and lower overall polyurethanes sales volumes.
Ethanol producers are considering whether to appeal to Brazil’s congress should president Jair Bolsonaro’s decide to reinstate a tariff exemption for US ethanol imports without providing better access to the US sugar market.
Bolsonaro has still not communicated the executive branch’s position on the preferential no-tariff regime for up to 750mn litre/year of ethanol imports, which officially expired on 31 August, leaving US ethanol shipments subject to a 20pc common import tariff. A senior government official confirmed to Argus that there has been no final decision on whether to reinstate the lapsed quota.Petrochemicals Crudeoil Lignin
If the duty-free quota is reestablished without reciprocation for Brazilian sugar exports to the US, producers could petition the president of Brazil’s congress for a legislative decree reversing the decision of the executive, Brazilian producers told Argus.
Swiss trading group Meraxis and the integrated Central and Eastern European oil, gas and petrochemical company MOL Group are entering into a strategic partnership.
They will be joining forces to forge ahead with the development and production of polyolefin re-compounds in the future. The aim is to develop and produce high-quality recycle-based compounds and then distribute them worldwide.
Meraxis will supply MOL Group with high-quality, post-consumer recycled materials going forward to be blended with MOL virgin polyolefin resins.Petrochemicals Crudeoil Lignin
Circularise, a blockchain solution for tracing materials and sharing data, has raised €1.5 million ($1.75m) from the EU Commission’s H2020’s SME Instrument Phase 2, to fuel the continued growth of the collaborative project for circularity in the plastics industry.
Circularise’s founder Jordi de Vos said: “This funding shows that the EU Commission is ready to invest in emerging technologies that can enable real growth in the circular economy space. With this support we will scale projects with our existing partners, attract new people to join us on this exciting journey and accelerate the transition to a circular economy on a global scale.” Petrochemicals Crudeoil Lignin
“Circularise Plastics is building a data-exchange protocol with privacy at its heart, which we believe is a smart strategy as privacy concern is what often refrains companies from becoming more transparent,” said Thomas Nuyts, director of global product management, who is leading the development of Circularise Plastics at Domo Chemicals.
The organisers of the Plastics Recycling Show Europe (PRSE) have announced the postponement of PRSE 2020 due to the ongoing coronavirus pandemic.
Scheduled to take place on 27 and 28 October 2020 at the RAI Amsterdam, the next edition of the PRSE exhibition and conference will be held in 2021.
A virtual PRSE event is planned instead, in the last quarter of 2020. Dates of both events will be announced in due course.Petrochemicals Crudeoil Lignin
The event organisers had worked closely with the venue to implement enhanced health and safety measures in line with government guidance so that PRSE could take place this October. However, the decision to postpone the event was made after consultation with all the event’s stakeholders and with careful consideration of current restrictions on international travel.
For the first time, Lenzing Group has delivered wood-based cellulosic fibres, which are produced at the Austrian sites in Lenzing and Heiligenkreuz, directly to China by train. Thanks to this new transport route, Lenzing is able to meet urgent demand for sustainably produced fibres from Chinese customers twice as quickly as by usual sea freight.
The first complete train with goods 100 per cent “Made in Austria” started on August 20 in the presence of Leonore Gewessler, federal minister for climate action, environment, energy, mobility, innovation and technology; Xiaosi Li, Ambassador of China in Austria; Stefan Doboczky, chief executive officer of the Lenzing Group; Thomas Kargl, board member of the ÖBB Rail Cargo Group; Erwin Cootjans, chief executive officer of Nunner Logistics; and Erich Hampel, chairman of the board of the B&C Private Foundation, at the Vienna South Terminal and reached his destination on September 5 at the Xinzhu train station in Xi’an, China.Petrochemicals Crudeoil Lignin
Petrochemicals Crudeoil Lignin