Petrochemicals Enzymes Oil Chemicals 22-05-2020
Petrochemicals Enzymes Oil Chemicals
Crude Oil Prices Trend
With increasing consumer awareness of the environmental impact of plastic packaging, the demand for sustainable packaging materials has also grown. Jessie Paige investigates whether paper has the potential to contribute to a sustainable future.
Plastic has become a controversial material in recent years, with the UK charity for circular economy the Ellen Macarthur Foundation even predicting that there could be more plastic in the ocean than fish by 2050.
Many governments around the globe have started a so-called ‘war on plastic’, such as in Europe, where EU member states are aiming to ban single-use plastic by 2021.
Another material that has come into mainstream attention is paper and, with this, the debate over whether paper is actually a good alternative to plastic.
Divers have been well aware of the issue of plastic pollution in our oceans for years, and it is currently a hot topic among the mainstream population.
Now Coca-Cola and Carlsberg have joined forces to back Dutch biochemical company Avantium, which is developing new plant-based biodegradable plastic bottles that will disintegrate in a year. Petrochemicals Enzymes Oil Chemicals
The new plastic-like material it has developed is made from corn, wheat, and beet sugars.
Avantium’s chief executive Tom Van Aken explained: “This biodegradable plastic has very attractive sustainability credentials because it uses no fossil fuels and can be recycled, but would also degrade in nature much faster than normal plastics do.”
Market analysts expect the cost of recycled PET will eventually start to gain parity with virgin, but recent low oil prices and issues with container redemption programs are complicating that outlook.
Recycled PET was already set to have a tough 2020 as more virgin resin came on the market at incredibly cheap prices, threatening the viability of recycled materials. And then came the pandemic. Petrochemicals Enzymes Oil Chemicals
Now, slowed collection and processing of coveted food-grade plastics could cut back on the amount of the resin in the recycling system. And when life becomes more normal again, the market could flood with pent-up recycled PET.
Trusted Business Insights answers what are the scenarios for growth and recovery and whether there will be any lasting structural impact from the unfolding crisis for the Recycled Polyethylene Terephthalate market.
Trusted Business Insights presents an updated and Latest Study on Recycled Polyethylene Terephthalate Market 2019-2026. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and deve The report further elaborates on the micro and macroeconomic aspects including the socio-political landscape that is anticipated to shape the demand of the Recycled Polyethylene Terephthalate market during the forecast period (2019-2029). Petrochemicals Enzymes Oil Chemicals
It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.lopments of the market.
Key thoughts about the past, future for auto suppliers
Just a couple of months after I started as a reporter for Plastics News, one of the first companies I wrote about was Key Plastics LLC, an injection molding auto supplier that entered Chapter 11 bankruptcy in March 2000.
Key’s route through the court system taught me a lot about all the twists and turns that can take place in the bankruptcy system. Petrochemicals Enzymes Oil Chemicals
In a way, I’ve felt a special tie to those molding facilities that kept on turning out parts during the past 20 years, even as their corporate parent went through a range of changes.
Next Packaging Movement was launched this year by Perrier, part of Nestlé, to provide support to sustainable startups and promote a circular economy in plastics. Following the announcement, Victoria Hattersley spoke to Philippe Gallard, International Business Unit Director, about the scope of the project and the ethos behind it.
Earlier this year, Perrier put out a call for applications to sustainable packaging startups, designed to ‘expand efforts beyond the development of 100% recycled and recyclable packaging to support innovators and develop solutions that reimagine packaging from sources to end-of-life’. Applications were received from all over the world, from NGOs, startups and researchers, and the three winners were announced at the 2020 ChangeNOW summit in Paris. Petrochemicals Enzymes Oil Chemicals
South Korea’s GS Caltex has purchased 5,000t of paraxylene (PX) from Hong Kong Yisheng Da Hua through the Argus Open Markets (AOM) platform. It is the first such transaction on the AOM, which Argus launched for the Asian PX market on 25 March.
The parcel that changed hands on the PX AOM platform today was concluded at $508/t cfr Taiwan/Ningbo/Dalian/Jiangyin for July delivery.
GS Caltex is a large PX producer and trader, with more than 1.3mn t/yr of capacity in Yosu. Petrochemicals Enzymes Oil Chemicals
The unprecedented collapse in eurozone private sector growth seen in April as a result of the shutdown of non-essential business across most of the bloc eased slightly in May, but still remained deep in contraction territory, according to analyst data.
The composite eurozone purchasing managers’ index (PMI), covering manufacturing and service sector output growth – rebounded from the record low of 13.6 recording in April, to 30.5, as governments moved to gradually ease controls on populations and allow more of the economy to reopen. Petrochemicals Enzymes Oil Chemicals
A PMI level of below 50.0 indicates contraction, and under more normal economic circumstances a PMI reading of below 45 would represent a dramatic contraction for a eurozone country.
Certification scheme the Sustainable Biomass Programme (SBP) launched its standards development process yesterday, in which working groups will review and “where necessary” revise the scheme’s requirements.
SBP-certified biomass accounted for a 61pc share of the EU-28 industrial wood pellet market, with 11.95mn t of biomass with SBP claims traded in 2019. There are now just over 270 SBP certificate holders, up from 210 at the end of 2019, SBP said.
As demand for SBP-certified biomass grows “we must be sure that our standards are fit for the future”, SBP chief technical officer Simon Armstrong said.Petrochemicals Enzymes Oil Chemicals
Japan’s exports in April posted their sharpest decline since the global financial crisis of 2009, with chemical shipments down 6.3% year on year as external demand suffered ravages from the coronavirus pandemic.
Total exports of the world’s third-biggest economy shrank 21.9% year on year to yen (Y) 5.20tr ($48.3bn), while imports fell by 7.2% to Y6.13tr, according to data from Japan’s Ministry of Finance. Petrochemicals Enzymes Oil Chemicals
The country posted a trade deficit of Y930.4bn in April.
Chemicals shipments in April totalled Y742.9bn. Plastic materials exports dipped 1.0% to Y211.6bn, with volumes down 9.6% year on year at 449,167 tonnes.
Petrochemicals Enzymes Oil Chemicals