Petrochemicals OxoBiodegradable BioBased 29-07-2019
Petrochemicals OxoBiodegradable BioBased
Polyethylene terephthalate (PET) price quotations in China fell last week amid falling terephthalic acid (TPA) quotes, ICIS reported.
For example, some buyers on July 23 reported lower price proposals for material at around USD930 per tonne, FOB China, although this was not confirmed by the producers, who noted that some price proposals, although they went down, were still on level USD960-975 per ton, FOB China.
Crude Oil Prices Trend
As reported, the data adds to speculation that Beijing may risk running afoul of American sanctions to secure crude supplies from the Islamic Republic.
All eyes are on China’s oil purchases as Donald Trump’s administration continues to clamp down on companies and individuals flouting its restrictions.
The import-reliant Asian nation is one of the few remaining buyers of Iranian barrels, after other countries such as South Korea and Japan halted flows.
China imported about 494,000 barrels a day of Iranian crude in the first five months of this year, compared with more than 660,000 barrels a day in the same period in 2018.
The BRICS group represents not an ideological manifestation, but expresses a new economic reality, Brazilian diplomat Roberto Jaguaribe said here on Friday.
Jaguaribe, who currently serves as Brazil’s ambassador to Germany and previously held the position of ambassador to China, said that the bloc, which groups Brazil, Russia, India, China and South Africa, is a reflection of the rising relevance of its member countries.
“Developing nations grow twice as fast as developed countries, and that tends to demand new forums of representation. Petrochemicals OxoBiodegradable BioBased
L’Oréal is set to acquire recycled polypropylene plastic from PureCycle Technologies, which was initially developed by competitor Procter & Gamble, based on a report by BizJournal.
PureCycle Technologies is presently constructing a new plant near Cinncinati, which will produce more than 105 million pounds of polypropylene per year as of 2021.
As part of the interim solution to the environmental crisis of plastic bottles proliferation in Nigeria, the Nigerian Bottling Company (NBC), a member of the Coca Cola Hellenic Group, has upped its target to recover and recycle plastic bottles introduced into the environment by 40 per cent in 2020 from 25 per cent of the previous goal.
In a 64-page Sustainability Report launched in Lagos recently, the organization also plans to re-use 20 per cent of recycled plastic bottles by next year.
But speaking during the event, Mrs. Nwamaka Onyemelukwe, the Public Affairs & Communications Manager, Coca Cola, Nigeria, said that the main goal of the company was to increase the biodegradability of plastic bottles in the nearest future.
AN interesting new variable is getting into the ‘crude’ play — its China versus the United States. And Iran is the battleground.
Almost three months have elapsed since the US slapped sanction on crude imports from Iran.
Washington’s intentions were clear. It wanted to bring Tehran to its knees. It wanted to bring down its crude exports to almost zero. But things don’t appear going that way. China is standing in between. Despite the US sanctions, Iranian crude continues to flow into China. Petrochemicals OxoBiodegradable BioBased
ITANAGAR: The district level monitoring committee (DLMC) meeting for implementation of solid waste management rules, 2016 and plastic waste management rules was held at Tawang in Arunachal Pradesh on Friday under the chairmanship of DC (in charge) Lobsang Tsetan.
Urban Development Department executive engineer of the district VP Singh in his address informed on the implementation of solid waste management and plastic waste management rules and sought cooperation from all the stakeholders to implement the rules to secure the future of the people, an official release informed.
AIMPLAS, European Plastics Converters (EuPC) and Polymer Comply Europe (PCE) are to host a workshop on producing flexible semi-finished products using extrusion technologies.
The workshop, which will be held on 24 September at the PCE Conference Centre in Brussels, is aimed at company technical staff members interested in strengthening their knowledge of extrusion and control processes and technologies for producing flexible semi-finished products. Petrochemicals OxoBiodegradable BioBased
When Jayaraman Sivaguru was in college in his native India, he envisioned a career working with computers.
His academic performance during his first year of college was remarkable and caught the attention of a university professor. When he met with Sivaguru, he encouraged the undergraduate student to pursue chemistry rather than computers.
“Honestly, I didn’t even know chemistry was a path I could take,” Sivaguru said. “I believe that one piece of advice and that action really changed what I was going to do.”
Gulf Times) China’s crude oil imports from Iran sank almost 60% in June from a year earlier, Chinese customs data showed yesterday, following the end of a waiver on US sanctions at the start of May.
Crude shipment from Iran were 855,638 tonnes last month, or 208,205 barrels per day (bpd), data from the General Administration of Customs showed.
That compared with 254,016 bpd in May. According to Refinitiv Oil Research assessments, a total of 670,000 tonnes, or about 163,000 bpd, of Iranian crude oil was discharged in June at Tianjin in north China and Jinzhou in the northeast.
According to research conducted by the Environmental Protection Agency (EPA), textile waste has increased by a massive 811% from 1960 to 2015. As reported by Retail Dive, the EPA’s stats estimate that textile waste weighed in at a hefty 16 tons as of 2015 — substantially higher than the 1.76 million tons in the ’60s.
The EPA’s data also reveals that the majority of this waste, approximately 66%, is being dumped in landfills. More than a dozen categories were analyzed in the figures, with plastics showing the largest increase in waste since 1960 at a colossal 8,746%.
Chevron and Exxon are beefing up their petrochemicals focus as demand for fossil fuels wanes
Companies like Chevron CVX -1.52% and Exxon Mobil XOM -0.16% earned that moniker for a reason, but as the petroleum market gets less lucrative and demand projections wane, their investments have shifted.
Not long ago it was in the direction of natural gas, oil’s cleaner-burning hydrocarbon cousin. But so much of the fuel is being produced out of U.S. shale formations that the focus has shifted to adding value to it now. Investing in petrochemicals is as close as one can get to a no-brainer given the surfeit of the feedstock in North America.
Oil prices have ended the week where they started, with demand fears and inventory draws countering one another and geopolitical shocks failing to move the needle. Petrochemicals OxoBiodegradable BioBased
North American prices for polyethylene resin led a chaotic market in June.
A number of PE buyers in the region saw prices fall an average of 3 cents in June.
Although the number of buyers seeing the drop was not as high as anticipated by market watchers, buyers who did not see the drop in June are expected to see it by the end of July.
The Plastics News weekly resin pricing chart showed the drop on July 1.
Move depends on sanctions waivers
Chevron received a last-minute reprieve from the Trump administration Friday that will allow it to continue operating in Venezuela. Chevron is the last remaining major American oil company in the crisis-ravaged country.
The US Treasury Department granted Chevron a three-month extension of sanctions waivers that were scheduled to expire at midnight. Petrochemicals OxoBiodegradable BioBased
Sicomin Epoxy Systems is featuring its line of advanced epoxy systems and high-performance composite solutions, including MaxCore, its new sandwich core infusion technology, and the latest addition to the GreenPoxy range, SR Greenpoxy 28, its new bio-resin specifically formulated for high-pressure resin transfer molding (HP-RTM).
Inaugural National Composites Week to recognize, promote and celebrate composites manufacturing Petrochemicals OxoBiodegradable BioBased
Sicomin Epoxy Systems (Marseille, France) is featuring its line of advanced epoxy systems and high-performance composite solutions, including MaxCore, its new sandwich core infusion technology, and the latest addition to the GreenPoxy range, SR Greenpoxy 28, its new bio-resin specifically formulated for high-pressure resin transfer molding (HP-RTM). In addition, Sicomin is showcasing clear, fire-retardant and foaming epoxy systems.
Brazilian petrochemicals firm Braskem SA is looking to sell a site in West Virginia where it had planned to build a plant that would have included polyethylene resin.
“Due to a number of recent inquiries about its site in Parkersburg, Braskem has engaged a financial adviser to help evaluate strategic alternatives for the site,” West Virginia Department of Commerce press secretary Andy Malinoski said in a statement sent to Plastics News. Petrochemicals OxoBiodegradable BioBased
Ruyi Group ,one of the leading textiles and fashion companies in China, held the launching ceremony of Lycra’s Science and Technology Innovation Board in Jining headquarters.
This launching ceremony announced that Lycra is landing on the capital market and entering a substantive stage of operation.
On January 31, 2019, Ruyi Group has completed its acquisition of INVISTA’s Apparel & Advanced Textiles business, including a robust portfolio of highly respected Lycra Brand.
It is paying about $2.6 billion for the business and going to further expand in the high-end spandex field through this acquisition.
The new company will operate as The LYCRA Company.