Petrochemicals Enzymes Recycling News 02-06-2020

Petrochemicals Enzymes Recycling News

Crude Oil Prices Trend

Crude Oil Prices Trend Polyestertime

-Alpla swoops for Spanish blow moulding firm

Alpla Group is to increase its presence in the cosmetics, personal and household care markets after agreeing to buy Spanish blow moulding specialist Bopla S.A. for an undisclosed fee.

The Austrian converter said it intended to use Bopla’s expertise in the area of single-stage manufacturing to expand its own product portfolio.

Based in Les Franqueses near Barcelona, Bopla uses extrusion blow moulding and injection stretch blow moulding to produce plastics packaging. It employs around 50 people, all of which are to be retained.

Petrochemicals Enzymes Recycling News

-PU: American plants running at reduced rates in second quarter

The running rates reduction comes amid a sharp decline in resin prices like polyethylene (PE). Experts believe the ongoing weakness may linger for an undetermined period, as reported by Petrochemical Update.

Petrochemical plants in the Americas are running at reduced rates, or in some cases idled, to try to balance out the erosion of downstream resin consumption caused by the Covid-19 pandemic. Petrochemicals Enzymes Recycling News

Domestic prices for resins have declined and export markets for North American resin have contracted.

Some chemical plants cut rates not just due to the decline in resins demand but because of their integration with refineries that in turn had to cut production after seeing fuel demand plunge.

Experts estimate most petrochemical plants may be running at rates anywhere from 60% to 80%.

Petrochemicals Enzymes Recycling News

-Microplastic collection device reduces vehicle tyre pollution

While microplastic pollution from tyres remains a significant ocean pollutant, the engineers offer new ways to tear that vicious circle. The tyre-mounted device by The Tyre Collective helps reduce airborne pollutants and the amount of plastic that ends up in the ocean, Springwise reports.  Petrochemicals Enzymes Recycling News

Microplastic pollution from tyres is a mega problem, the experts say. It is increasing in volume as electric vehicles (EV) become more popular. The engineers from The Tyre Collective have created the electrostatic collection device sits behind a tyre close to the road.

In particular, such kind of pollution becomes a problem because the weight of the batteries in EVs causes more wear and tear on tyres. The end result is fewer exhaust fumes, and more microplastics, which can become airborne and thus present no less of a danger to human and environmental health than the emissions from gas-powered vehicles.

Petrochemicals Enzymes Recycling News

-UGA bioplastics technologies fuel state’s economy 

Company bringing 200 jobs to Athens is an essential university partner

When University of Georgia professor Jason Locklin met Daniel Carraway over 10 years ago, neither of them knew their professional relationship would result in a substantial economic development investment in Athens.

Back in 2008, Locklin, who is now director of UGA’s New Materials Institute, was an assistant professor in chemistry and engineering at UGA. Carraway, a UGA alumnus and serial entrepreneur, was looking at universities, trying to find the perfect spot for one of his employees to attend graduate school.  Petrochemicals Enzymes Recycling News

“We met and hit it off, and after that he decided he wanted the student to work for me,” Locklin recalled. “We started working on projects together and haven’t stopped since.”

Petrochemicals Enzymes Recycling News

-Asia’s naphtha prices at over two-month high on steady demand

Asia’s naphtha prices are finding support from regional buying, which is anticipated to hold steady in the near term, keeping market fundamentals buoyant.

At the intra-day session on 1 June, open-specification naphtha spot prices for second-half July delivery averaged at $320.00/tonne CFR (cost & freight) Japan, as the forward month contracts rolled on Monday.  Petrochemicals Enzymes Recycling News

Spot naphtha prices rose by some $20/tonne from the previous session on 29 May, and were at their highest in over two months, since 11 March at $329.00/tonne CFR Japan, ICIS data showed.

Naphtha prices tracked earlier gains in global crude oil futures amid reduced production and expectations of demand growth as countries emerge from coronavirus lockdowns.

Petrochemicals Enzymes Recycling News

-Oil prices swept up in the risk-on rally

Investors have regained faith in riskier asset classes, pushing their money into commodities and stocks – liquidating positions in perceived safe havens.

The MSCI All-Country Global Equity Index (an index of small-to large-cap stocks from 23 developed and 24 emerging markets) is just 12% off pre-coronavirus levels, having collapsed by almost 35% in March.  Petrochemicals Enzymes Recycling News

Global oil markets are also basking in the glow of improved demand sentiment, with Brent up by 75% since April. However, with global daily new coronavirus cases hitting a record 135,000 on 30 May, is this meteoric rise stoked by sound fundamentals, or are investors getting ahead of themselves?

Oil prices swept up in the risk-on rally

-India GDP growth slows to 4.2%; lockdown stays at manufacturing hubs

India, an emerging market giant, posted its slowest growth in more than a decade, while yet to show the full impact of a nationwide lockdown that brought economic activity to a standstill for more than two months.  Petrochemicals Enzymes Recycling News

The nationwide lockdown was due to be lifted this week, but restrictions will remain in place until the end of June for areas considered as high risk – referring to those with elevated number of novel coronavirus infections.

For the fiscal year ending March 2020, the country’s GDP growth decelerated to 4.2% from 6.1% in the previous year, with March-quarter growth slowing to 3.1%, official data showed.

India GDP growth slows to 4.2%; lockdown stays at manufacturing hubs

-AIMPLAS develops new project based on enzymes that break down plastics by 70%

AIMPLAS, with the support of the Valencian Institute of Business Competitiveness (IVACE), is developing the ENZPLAST2 project, whose aim is to develop new, more sustainable processes for producing, recycling and composting plastics.

Funded by IVACE and co-funded by the European Union (ERDF) through the Spanish Autonomous Community of Valencia ERDF operational programme (2014-2020), the ENZPLAST project focused in its first year on new methods for the synthesis of plastics that are safer for human health and more environmentally friendly.

Enzymes, in particular, were used instead of metal catalysts to obtain polyesters, which reduced the toxicity of these metal catalysts and lowering energy consumption during the polymerization process.  Petrochemicals Enzymes Recycling News

AIMPLAS develops new project based on enzymes that break down plastics by 70%

-Biodegradable Plant-Based Plastic to Combat Ocean Waste

Plastic became widely used in the 1960s, with societies embracing the disposable lifestyle that offered them convenience and saved time.

Decades later, our dependence on plastic has become problematic. Our use has increased exponentially, with 2.3 million tons being produced in 1950, 162 million in 1993, to 448 million in 2015.  Petrochemicals Enzymes Recycling News

A vast amount of plastic is added into circulation each year, and less than a fifth of it gets recycled. In the US specifically, the recycling rate for plastic is less than 10%.

Biodegradable Plant-Based Plastic to Combat Ocean Waste

-Company tailors extruders to meet a facility’s needs

German equipment supplier Coperion now produces a line of extruders made to be customized to a plastics recycling facility.

Coperion, based in Stuttgart, Germany, manufactures a variety of compounding and extrusion systems for the plastics recycling industry, as well as bulk handling systems, weighing systems and more.  Petrochemicals Enzymes Recycling News

Coperion’s ZSK 45 Mc18 twin screw extruders blend the ground plastic with additives, fillers and reinforcing materials. The mixture is also enhanced by Coperion’s ZS-EG twin screw side devolatilization units.

After the melt discharge stage, the plastic strands are conveyed to a strand pelletizer.

Company tailors extruders to meet a facility’s needs

Petrochemicals Enzymes Recycling News

Petrochemicals Enzymes Plastics News 01-06-2020

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