Petrochemicals Enzymes Aromatics Films 29-05-2020

Petrochemicals Enzymes Aromatics Films

Crude Oil Prices Trend

Crude Oil Prices Trend

-ESG Focus: Licella, An Australian Company Taking On The World

Australian company Licella, is an interesting case study in plastic-recycling disruption. FNArena examines the way in which disruptive companies in this sector are forcing a foot in the door of a tightly held industry.

“A bridge to a lower carbon future” -Licella website

I precis this article with Licella’s tagline as a reminder of the vagaries of disruption. The company acknowledges that this is just a bridging technology – that there is more to come.

From an ESG perspective, Licella (unlisted) appears an interesting case study in the strategic approach small potentially disruptive companies might adopt to succeed in industries dominated by heavyweights such as Big Oil and Big Plastic.

Licella’s management was unavailable for comment so the information in this article is based on published data.

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-NASB plans research on biodegradable materials and packaging

The National Academy of Sciences of Belarus (NASB) is planning to research biodegradable materials and packaging. Petrochemicals Enzymes Aromatics Films

The announcement was made by Belarusian Natural Resources and Environmental Protection Minister Aleksandr Korbut during the international scientific conference Sakharov Readings 2020: Environmental Problems of the 21st Century, BelTA reported.

The research and development will focus on identifying technologies that are suitable in terms of economic and environment friendliness.

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-Spain ‘very positive’ about the future of plastics recycling

The innovative R&D project Circ-Pack has successfully developed solutions covering the full plastics value chain. Petrochemicals Enzymes Aromatics Films

Industry partners from over 22 European countries say their work proves the feasibility of making plastics circular as well as consumer-friendly way.

The 3-year long project, which was funded by the European Commission, achieved its objectives: developing alternative biodegradable and compostable biomaterials and recyclable bio-based plastic, producing eco-designed formats to replace the non-recyclable multilayer and multi-material packaging, while enhancing sorting and recycling processes.

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-Neste and Covestro join forces – renewable raw materials for plastics production

Neste and Covestro are starting a strategic cooperation in Europe to promote the use of sustainable raw materials in plastics production. Covestro will be supplied with material from renewable sources to replace a significant portion of the fossil raw materials used to date in the manufacture of polycarbonates. This type of a high-performance plastic is used, for example, in car headlamps, LED lights, electronic and medical devices and automotive glazing. Petrochemicals Enzymes Aromatics Films

Over the short term, the collaboration aims to replace several thousand tons of fossil raw materials in the production of polycarbonates with raw materials produced with Neste’s renewable hydrocarbons. Neste produces its renewable hydrocarbons entirely from renewable raw materials, such as waste and residue oils and fats.

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-Short-term outlook for caprolactam market – a tad strong in June

So far until the end of May, the entire development of caprolactam market in China was in narrow range bound.

There were no issues in the supply and demand relations of CPL, nylon 6 chip and textile filament yarn, and no particular problems in their operating rate, inventory and cash flows. Petrochemicals Enzymes Aromatics Films

The market could be described as neutral.

Considering the COVID-19 pandemic, China, South Korea, and most countries in Europe have entered a new stage of anti-pandemic, and economic activities have gradually been recovered, and prevention and control have been differentiated.

But the number of infected people in the United States, Brazil, India and some other countries of large popularity is constantly refreshing, which means that the impact of the pandemic is far from over.

It also means that the export order for China will be restricted in a long time.

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-Will There Be Another Oil Price War?

Two months ago, Russia said no to Saudi Arabia’s proposal for deeper oil production cuts. It was enough to start a price war that, coinciding with the Covid-19 pandemic, wiped out billions in oil revenues for both Russia and Saudi Arabia while forcing them to enact even deeper cuts than previously discussed. Petrochemicals Enzymes Aromatics Films

Some say the price war was never about Saudi Arabia and Russia. They say it was about U.S. shale. If that is accurate, what happens when the U.S. shale patch regains enough strength to start ramping up production again?

It might sound premature to talk about production ramp-ups with West Texas Intermediate still below $40 a barrel and likely to stay below this crucial mark for a while.

Will There Be Another Oil Price War?

-New Method Developed For Bioplastics To Decompose Faster

Bioplastics have emerged as a viable option in the making of single-use products such as packaging materials, disposable cups, and similar items. Bioplastics are compostable and biodegradable over periods of up to several months. Now, in a ground-breaking research, scientists from the University of Bath and University of Birmingham have developed a more efficient way to recycle plastics.

Whilst bioplastics biodegrade quite fast, but still account for occupying space in landfills. And, amount to not very efficient use of materials and energy. The items manufactured are used only for a couple of seconds, and then discarded.

Following this, a huge truck has to be arranged, get the discarded items picked, and transport them to the landfill where they stay for several months. Nonetheless, bioplastics are better than old-fashioned plastics that take decades or even hundreds of years to decompose. Petrochemicals Enzymes Aromatics Films

New Method Developed For Bioplastics To Decompose Faster

-Less than 10% of all plastic trash ever produced has been recycled. Is this the breakthrough we’ve been waiting for?

A process known as chemical recycling offers a promising way to turn used products into new ones with a minimum of waste

Plastic. It’s not hard to see how anyone who is appalled at the despoliation of the environment could think that the world would be better without it. Nearly 10% of the world’s oil is used in making it. It has enabled the proliferation of cheap goods — cramming closets, landfills and otherwise-unspoiled places where it could remain for decades, if not centuries. Petrochemicals Enzymes Aromatics Films

Yet, because it’s so much lighter than the steel and glass it has replaced in vehicles and elsewhere, plastic has massively reduced fossil fuel emissions. And in the midst of a global pandemic, the need to securely protect food and personal items with impermeable packaging is essential.

-German economy to contract by 6.6% in 2020, chems to recover in nine months

The German economy is anticipated to contract by 6.6% in 2020, leading to growth of 10.2% the following year from that lower level, according to analysis from the ifo Institute on Thursday. Petrochemicals Enzymes Aromatics Films

The estimate was released in the institute’s updated economic forecast for 2020/21 – following a survey among companies in May – which outlines a 12.4% drop in the second quarter this year and a recovery expected by the middle of 2021.

While services remain more affected by the impact of the pandemic than manufacturing,  the chemicals industry may be one of the slowest to recover, with normalisation in the sector likely to happen in 10 months’ time.

German economy to contract by 6.6% in 2020, chems to recover in nine months

-Coronavirus, oil price crash – impact on chemicals

European chemicals stocks and bourses rose healthily on Thursday on the back of hopes the lockdown easings will revive economic activity and liquidity provided by central banks will soften the recession blow. Petrochemicals Enzymes Aromatics Films

However, crude oil futures for delivery in July, which surpassed the $36/bbl mark earlier in the week, traded by Thursday afternoon closer to the $34/bbl mark.

The German economy is anticipated to contract by 6.6% in 2020, leading to growth of 10.2% the following year from that lower level, according to analysis from the ifo Institute on Thursday.

Coronavirus, oil price crash - impact on chemicals European chemicals stocks and bourses rose healthily on Thursd

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Petrochemicals Enzymes Aromatics 28-05-2020