Petrochemicals PlasticRecycling Bioplastics 15-10-2020

Petrochemicals PlasticRecycling Bioplastics

Crude Oil Prices Trend 

Crude Oil Prices Trend Polyestertime

-Latin American PET tight due to shortage of US feedstock

Latin American polyethylene terephthalate (PET) markets are facing tight supply due to a shortage of monoethylene glycol (MEG) caused by production interruptions in the US as a result of the landfall of two hurricanes in Louisiana in a span of only six weeks.

The shortage of MEG supply for resin production has led to tight resin supply in countries that depend on feedstock imports for PET production such as Mexico.

But Mexico’s PET supply tightened not only because of reduced operating rates, but also because of increased PET export volumes to the US.

The tight supply situation supported a 4 cent/lb October price increase in Mexico. Demand levels remain strong mainly from the foods and drinks packaging segment.

PET prices also increased in other Latin American countries where there is local resin production because of feedstock MEG shortage, tight resin supply and rising freight costs.

Latin American PET tight due to shortage of US feedstock

-Preparing for Zero Waste Return

As part of a refined recycling system, the Scotish parliament has voted in favour of a deposit return scheme, set to be introduced in July 2022.

And as the first part of the UK introduces the scheme, which makes it easier to recycle used bottles and cans, Andrea Falco of HSM UK questions how long will it be until England, Wales and NI follow and how retailers can prepare. Petrochemicals PlasticRecycling Bioplastics 

It’s estimated that UK consumers drink their way through a staggering 14 billion plastic drinks bottles, 9 billion drinks cans and 5 billion glass bottles each year. But as consumption has increased, so too has consumer awareness.

Over the course of the past few years, the approach to recycling and in particular, single use plastic, has drastically changed. Our consumption habits, paired with damning news and industry reports has helped highlight our recycling and waste pitfalls.

Petrochemicals PlasticRecycling Bioplastics

-Minor price increase for primary grades is met by falling prices for recyclates

The weather conditions in the months of August and September boosted demand for large 1.5 l PET bottles for mineral water.

However, demand remained well below last year’s levels. Small PET bottles were still particularly hard hit, falling considerably shorter of the previous year’s figures despite a slight increase in travel activity. Petrochemicals PlasticRecycling Bioplastics 

With the end of the summer, the peak season was over for the PET bottle segment, by far the largest segment within the PET market.

Petrochemicals PlasticRecycling Bioplastics

-Teijin Frontier Unveils New Extra-Absorbent, Fast-Drying Fabric With Diatomaceous Earth-Like Surface

Teijin Frontier Co., Ltd., the Teijin Group’s fibers and products converting company, announced today an all-new high-absorption, quick-drying fabric inspired by the fine structure of diatomaceous earth used in bath mats.

Teijin Frontier will begin selling its new fabric for casual wear in spring/summer 2021 collections, targeting annual sales of 50,000 meters in fiscal 2020 and a tenfold increase to 500,000 meters in fiscal 2022. Petrochemicals PlasticRecycling Bioplastics 

Petrochemicals PlasticRecycling Bioplastics

-Latin American GDP to fall by 8.1% in 2020 – IMF

Latin America’s GDP will likely contract by 8.1% in 2020, the worst among the major regions of the world, the International Monetary Fund (IMF) said on Tuesday in its World Economic Outlook (WEO).

The following table shows the economic forecast for Latin America and its two largest economies, Brazil and Mexico. It then compares 2019 with forecasts for 2020 and 2021. It compares the most recent forecasts with those the IMF made in its update that was published in June. Petrochemicals PlasticRecycling Bioplastics 

Latin American GDP to fall by 8.1% in 2020 - IMF

-Fraunhofer: incentives needed to boost use of recyclates

The use of recycled raw materials makes a direct contribution to tackling climate change, concludes the Fraunhofer Institute in a new study commissioned by the recycling major ALBA Group.Petrochemicals PlasticRecycling Bioplastics 

According to the study, ALBA saved more than 4.2 million tonnes of greenhouse gases in 2019 through the closed-loop circulation of 6 million tonnes of recyclables. ‘Recycling leads to far fewer greenhouse gas emissions than when primary raw materials are used,’ explains Axel Schweitzer, ceo of the group. ‘The use of our quality-tested recycled plastics, for example, reduces emissions of greenhouse gases by more than 50% in comparison with the production of plastics from crude oil. There is no better argument for the increased use of recyclates.’

Petrochemicals PlasticRecycling Bioplastics

-Fulgar partners Rhodia-Solvay for antibacterial Q-Skin

With a new collaboration between Fulgar, an Italian manufacturer and distributor of elastic and covered spandex yarns, and the Rhodia-Solvay Group, Europe sees the arrival of the new Q-Skin powered by Amni Virus-Bac Off yarn with antiviral and antibacterial properties. This is the background to the arrival in Europe of the new Rhodia-Solvay yarn.

Amid the lingering threat posed by Covid, the return to offices and schools has created an exponentially rising demand for garments given anti-bacterial and antiviral protection treatments. Petrochemicals PlasticRecycling Bioplastics 

This demand among consumers and workers has led many manufacturing companies in Italy and the rest of Europe to prioritise such products.

Developed in record time by the Rhodia-Solvay research laboratories in Paulínia and Santo Andre, Brazil, this extraordinary polyamide yarn acts against bacterial growth and virus transmission. These properties are the result of antiviral and anti-bacterial agent permanently incorporated into the polymer matrix.

Petrochemicals PlasticRecycling Bioplastics

UNIFI Webinar October 19,2020

KEYNOTE SERIES: Sustainability in Textiles

Register here: https://lnkd.in/dfxePRZ

-Petchems, industry to become crude’s saviours as electrification booms while recycling uptake poor – IEA

The pandemic has hastened the International Energy Agency’s (IEA) outlook for the demise of crude oil as a motor fuel although it forecasts reasonable demand growth from the petrochemicals industry which looks set to continue to enjoy cheap feedstocks, a lack of competing material and a failure by the world to adopt recycling seriously.

From the 18.5m bbl/day the petrochemicals sector demanded in 2019, the figure is expected to stand at 19m bbl/day by 2030, an increase of 2.7%.

The forecast was included in the IEA’s annual World Energy Outlook, which this year was obviously marked by the pandemic’s hit to the crude oil industry, and looks set to end the year at 2013 levels according to the IEA in its September report.

Petrochemicals PlasticRecycling Bioplastics

Petchems, industry to become crude's saviours as electrification booms while recycling uptake poor - IEA

-Aquafil – Econyl – “Nothing more exciting than turning something nobody use anymore into beauty again and again”

 

Petrochemicals PlasticRecycling Bioplastics

Petrochemicals CrudeOil Bioplastics 14-10-2020