Petrochemicals CrudeOil Textile ACN 13-08-2020
Petrochemicals CrudeOil Textile ACN
Crude Oil Prices Trend
Tom van Aken, CEO of Avantium, spoke to MPN editor Laura Hughes about PEF – a polymer which is 100% plant-based and recyclable.
Please start by telling me about the discovery and development of PEF.
There are two distinct primary problems caused by plastics. One is the growing amounts of single use plastic waste building up in the environment. The other is climate change, which has been driven by two centuries of heavy dependence on fossil fuels and feedstocks.
PEF is able to address both these problems by offering a 100% plant-based and recyclable polymer with a wide range of applications. The production of PEF from plant-based feedstocks utilises a renewable source, and a process with a significantly smaller carbon footprint than fossil-feedstock alternatives.
US-based pigment producer Kronos Worldwide reported on Wednesday a decline in Q2 net income because of lower sales, said the company.
KRO logged a profit of USD18.6 million or 16 cents per share in second-quarter 2020, down from USD29.5 million or 25 cents per share in the year-ago quarter. Earnings, however, beat the Zacks Consensus Estimate of 4 cents.
The bottom line in the reported quarter was impacted by lower sales volumes, lower average titanium dioxide (TiO2) selling prices, increased raw materials and other production costs. Petrochemicals CrudeOil Textile ACN
Net sales fell 20% year over year to USD386 million, hurt by lower sales volumes and lower average TiO2 selling prices. However, the figure beat the Zacks Consensus Estimate of USD369.9 million.
Building products maker, long a consumer of plastic film, has boosted its discarded film collection efforts.
Winchester, Virginia-based recycled-content building products maker Trex Co. Inc. has published its 2019 Environmental, Social and Governance (ESG) Report, in conjunction with launching a new Trex ESG Hub on the Company’s website.
In the ESG report, the company says the environmental footprint of its decking products “has improved across all impact categories since [a] 2016 life cycle analysis (LCA).” Adds Trex, “This is particularly noteworthy given the increased production associated with the introduction of the new Trex Enhance decking product, sourcing more materials to support higher volume, upgrading manufacturing operations, and improving output on legacy product lines.” Petrochemicals CrudeOil Textile ACN
MEGlobal announced that its Asian Contract Price (ACP) for monoethylene glycol (MEG) will be USD620/MT CFR Asian main ports for arrival September 2020, said the company.
The September 2020 ACP reflects the short term supply/demand situation in the Asian market. Petrochemicals CrudeOil Textile ACN
The price is on a CFR (cost and freight) Asia basis.
As it was written earlier, MEGlobal announced that its Asian Contract Price (ACP) for monoethylene glycol (MEG) will be USD590/MT CFR Asian main ports for arrival August 2020. The August 2020 ACP reflects the short term supply/demand situation in the Asian market.
MEG is mainly used in the production of polyester fibres, resins and films (around 80% of global consumption), followed by use in polyethylene terephthalate (PET) resin. It is also used as automotive antifreeze.
India’s commerce and industry ministry recently suggested a provisional anti-dumping duty (ADD) of USD15.54- 200.66 per metric tonne (MT) on the import of polyethylene terephthalate (PET resin) from China, said Fibre2fashion.
Reliance Industries and IVL Dhunseri Petrochem Industries Pvt Ltd had filed a complaint claiming injury resulting from the alleged dumping. Petrochemicals CrudeOil Nylon6 ACN.
“Having initiated and conducted the investigation into dumping, injury and causal link in terms of the provisions laid down under the Anti-Dumping Rules, the authority is of the view that imposition of provisional duty is required to offset dumping and injury, pending completion of the investigation,” the Directorate General of Trade Remedies (DGTR) said in its preliminary findings.Petrochemicals CrudeOil Textile ACN
Press release from the issuing company
According to the new research report published by The Insight Partners, titled “Smart textile Market – Global Analysis and Forecasts to 2027”, the global Smart textile market is expected to reach US$ 13.63 Bn in 2027, by registering a CAGR of 26.1% during the forecast period 2019-2027.
Smart textiles and interactive fabrics are used for personal health management by integrating, validating, and use of smart clothing with the integration of sensors/ actuators, processing, energy sources, and communication used for personal applications such as emergency, protection/safety, and healthcare. The sensing function is basically performed with the help of sensors integrated in the textile used for sensing the environment or stimuli, human body senses, and accordingly respond. There are various sensors integrated with the textile to sense the environment and have various advantage over the conventional sensors. Petrochemicals CrudeOil Textile ACN
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We all know the world has a plastic problem – one that’s only been compounded by the pandemic, where fears of germs spreading via reusable items have resulted in more single-use products and packaging. Petrochemicals CrudeOil Textile ACN
And while there has been a huge push towards recycling over the past few decades, the energy intensity and lack of overall effectiveness means plastic recycling has its drawbacks. What would be better is not using it at all.
But one company out of Japan may have a hybrid solution: NEC Corporation recently announced the commercial availability of a bioplastic that mimics plastic’s convenient qualities but breaks down in as little as four years in soil or water.
Coats, the world’s leading industrial thread company, is partnering with HeiQ, a Swiss technology company, to incorporate HeiQ Viroblock technology into its engineered yarns.
The agreement also gives Coats exclusive global access to the technology for use in sewing threads. HeiQ Viroblock is among the first textile technologies in the world to be proven effective in laboratory testing against SARS-CoV-2, the virus from the coronavirus family that causes COVID-19. It has been shown to be 99.99% effective in 30 minutes in tests conducted with the Peter Doherty Institute for Infection and Immunity in Melbourne, Australia. Petrochemicals CrudeOil Textile ACN
Petrochemicals CrudeOil Textile ACN