Petrochemicals PlasticRecycling Polyethylene 19-10-2020
Petrochemicals PlasticRecycling Polyethylene
Crude Oil Prices Trend
Plastic—lightweight, strong, and easily molded into various forms—has no doubt revolutionized our everyday lives and has provided convenience in the way we consume products. But, largely due to improper waste management and disposal, plastic has unfortunately given rise to a global waste problem.
In the Philippines alone, around 2.7 million metric tons of plastic waste is generated each year, and a huge portion of this finds its way into the environment, choking waterways, polluting the ecosystem, and jeopardizing our biodiversity.
“Any time our packaging ends up anywhere it doesn’t belong is simply unacceptable to us,” said Jonah De Lumen-Pernia, Public Affairs and Sustainability Director of Coca-Cola Philippines. “Coca-Cola has globally committed to building a World Without Waste, and we are striving to make that a reality in the Philippines through various initiatives and partnerships.”
The new line helped the company achieve many firsts.
Kolkata, India-based ITC Ltd. introduced a new range of milk-based drinks with fruit pieces while expanding its juice portfolio with a variety of premium 100% Indian fruit, 0% concentrate and 0% preservative juices. With both launches, the company trusted Parma, Italy-based Sidel’s proven expertise in aseptic packaging.
ITC invested in a complete line that features the first dry preform sterilization in India. Besides helping the company gain greater productivity and flexibility, Sidel designed and tested its three new PET bottle formats for absolute food safety and powerful packaging differentiation on retailers’ shelves. Petrochemicals PlasticRecycling Polyethylene
CLEPA, together with its partners in EU-projects DRIVES and ALBATTS, presents a joint strategy to roll out a dedicated Pact for the sector
The EU automotive sector is calling for a strategy that supports the recovery prioritising the up/reskilling of the workforce to maximise the industry competitiveness, job retention, and creation of new employment opportunities. Petrochemicals PlasticRecycling Polyethylene
Bringing forward the need for a sectorial pact for skills, this proposal is the result of an exhaustive cooperation and examination effort through the DRIVES and ALBATTS projects, and of several representatives from the whole automotive value chain, presenting a solid roadmap towards the necessary skills-transformation for the sector.
In a joint report, The Business Case for a UN Treaty on Plastic Pollution, WWF, the Ellen MacArthur Foundation and Boston Consulting Group conclude that despite a doubling of voluntary initiatives and national regulations over the last five years, plastic waste continues to leak into the environment at alarming rates – with more than 11 million tonnes of plastic flowing into our oceans each year.
There is an urgent need to amplify current efforts through a more coordinated and ambitious approach. Petrochemicals PlasticRecycling Polyethylene
The report sets out the opportunity for a new global UN treaty on plastic pollution to significantly accelerate progress towards a circular economy for plastics. Through the establishment of a common structure it would set a clear direction and conditions, giving governments and businesses the impetus to move forward more decisively.
Tepex continuous-fibre-reinforced thermoplastic composites from LANXESS are characterised by their high inherent flame-retardant properties. One of the reasons for this is their high fibre content. They therefore already pass many of the flammability tests required for typical applications without flame protection.
However, for some applications a V-0 classification in the UL 94 flammability test from the US testing institute Underwriters Laboratories Inc. is often mandatory. For such cases, LANXESS has developed three new halogen-free, flame-retardant Tepex variants with a PA 6 matrix. Petrochemicals PlasticRecycling Polyethylene
Sabrina Anders, Project Manager at the LANXESS subsidiary Bond-Laminates, said: “These structural materials are the material of choice when a V-0 classification is required and the components need to have a very high degree of strength, rigidity and energy absorption at the same time.”
MEGlobal has announced its Asian Contract Price (ACP) for monoethylene glycol (MEG) to be shipped in November 2020, according to the company’s press release.
Thus, on 14 October, the company said ACP for MEG would be at USD650/MT CFR Asian main ports for arrival in November 2020, up by USD10/MT from October.
The November 2020 ACP reflects the short term supply/demand situation in the Asian market. Petrochemicals PlasticRecycling Polyethylene
As MRC reported earlier, MEGlobal announced its October ACP for MEG at USD640/MT CFR Asian main ports, up by USD20/tonne from September.
MEG is one of the main feedstocks for the production of polyethylene terephthalate (PET).
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In July, EU leaders agreed on a new EU tax on plastic packaging wastes. Rahul Kumar talks to three stakeholders in the value chain — Cosmo Films in substrate manufacturing, Bobst in machine manufacturing and Amit Banga of SB Packagings in converting — to understand the implications of this decision and its impact on Indian packaging ecosystem
In a decision made during July 2020, as part of their 750-billion euros Coronavirus pandemic recovery package, EU leaders agreed on a new EU tax on plastic packaging wastes. The tax, to be introduced as of 1 January 2021, will be calculated on the weight of non-recycled plastic packaging waste “with a call rate of 0.80 euros per kg, with a mechanism to avoid excessively regressive impact on national contributions.” Proceeds from the tax will go to the EU. Petrochemicals PlasticRecycling Polyethylene
US monoethylene glycol (MEG) participants are weighing the announcement of an EU anti-dumping investigation on imports from the US and Saudi Arabia, leaving the US market uncertain as to the effects of the probe. Petrochemicals PlasticRecycling Polyethylene
According to the EU complaint, “unfairly low-priced imports of the product” from the two countries “have caused material injury” to its industry.
The probe covers the full year ending 30 June 2020 and is expected to last around six months, according to the European Commission.
Two US market participants said it was too early to understand how this investigation could affect US MEG trade flows and supply.
“The pricing to Europe was very similar to the price in the domestic US for a large buyer,” said a third source.
UK businesses trading with EU countries should get ready for the eventuality of a no-deal Brexit and the consequent tariff-based trade under World Trade Organization (WTO) terms, the country’s prime minister said on Friday.
With only 11 weeks left to go before the UK exits the EU, Single Market negotiations appear to have stalled on key issues such as fishing rights – UK waters are key for EU companies – or state aid for companies. Petrochemicals PlasticRecycling Polyethylene
UK voters decided in June 2016 to leave the EU but this was delayed on several occasions; it finally left the now 27-country bloc on 31 January although it remains in most EU bodies under a transition period which is due to end on 31 December.
Both sides are aiming to sign a free trade agreement (FTA) as both have strong economic links after more than 40 years of UK membership.
Gove says UK ‘well prepared’ for no-deal Brexit, even as businesses sound alarm
Michael Gove, the minister handling Brexit divorce issues for Britain, said on Sunday that the UK is “increasingly well-prepared” for a no-deal Brexit even as businesses urged Britain and the European Union to find a compromise over trade terms.
Petrochemicals PlasticRecycling Polyethylene