Petrochemicals Polyamide CarbonFiber News 20-07-2020

Petrochemicals Polyamide CarbonFiber News

Petrochemical Plastics PETBottles Naphtha Trend

Petrochemicals Polyamide CarbonFiber News

Crude Oil Prices Trend 

Crude Oil Prices Trend 

-Safety assessment of the proces s WIP, based on Starlinger deCON technology, used to recycle post-consumer PET intofood contact materials

EFSA Panel on Food Contact Materials, Enzymes and Processing Aids (CEP) assessed the safety of the recycling process WIP (EU register number RECYC187), which uses the Starlinger deCON technology. Petrochemicals Polyamide CarbonFiber News

The input material is hot washed and dried poly(ethylene terephthalate) (PET) flakes originating fromcollected post-consumer PET containers, e.g. bottles, including no more than 5% PET from non-food consumer applications.

Petrochemicals Polyamide CarbonFiber News

-Closed Loop Partners Launches Advanced Recycling Innovator Program As Part of its Circular Plastics Strategy

Closed Loop Partners and its Center for the Circular Economy are launching the Advanced Recycling Innovator Program (ARIP) as part of a broader Advancing Circular Systems for Plastics Initiative.

This program brings together nine innovative technology companies in advanced recycling, including APK AG, Brightmark, Carbios, Enerkem, gr3n, GreenMantra, JEPLAN, Plastic Energy, and PureCycle Technologies. Petrochemicals Polyamide CarbonFiber News

Closed Loop Partners is working with these companies and a network of industry and non-profit stakeholders to further analyze the environmental and human health impacts of advanced recycling processes and identify investable opportunities along the supply chain to scale safe and circular technologies that address plastic waste.

Petrochemicals Polyamide CarbonFiber News

-Lumax Group to invest over $150 million, eyes inorganic opportunities in automotive plastic parts

Lumax is close to acquiring an Rs-100-crore sized roto moulding company and signed a 50:50 joint venture with Japanese company Yokowo for antenna cables.

Mumbai: Auto-components maker Lumax is looking at acquisitions and partnerships to log double-digit growth as it seeks a billion dollar in sales, even as the automotive industry takes a distinct turn toward the electric powertrain.

Lumax has set up a war chest of $150 million in capex and about $80-100 million for acquisitions to expand into new areas of electronics, electrification and light weighting. The focus area is an opportunity in the plastics and electronic space for either an acquisition or a JV. Petrochemicals Polyamide CarbonFiber News

Petrochemicals Polyamide CarbonFiber News

-BASF and thyssenkrupp sign joint development agreement on STAR process dehydrogenation technology

BASF and thyssenkrupp have signed a joint development agreement to expand their cooperation on the STAR process.

This proprietary dehydrogenation process from thyssenkrupp produces propylene from propane feedstocks, or iso-butylene from iso-butane feedstocks, using an exceptionally stable catalyst. Petrochemicals Polyamide CarbonFiber News

thyssenkrupp, focusing on process development, and BASF, focusing on catalyst development, together aim to significantly increase the resource and energy efficiency of the process through targeted improvements in catalyst and plant design.

The companies believe plant operators can benefit from lower investment and operating costs as well as lower CO2 emissions in the future.

Petrochemicals Polyamide CarbonFiber News

-Trans-Textil uses Covestro’s tech in coated textiles

Covestro and Trans-Textil have joined hands on textile coatings. Trans-Textil has introduced Aquair, highly breathable coated textiles, based on aqueous and solvent-free formula components from Covestro. This functional product line also scores high on ecological aspects since its production requires up to 95 per cent less water and 50 per cent less energy. Petrochemicals Polyamide CarbonFiber News

“The microporous structure of the synthetics is permeable to water vapour and provides the greatest possible comfort in combination with individually selected textiles,” explains Matthias Krings, managing director of Trans-Textil. “In combination with other functional layers, products created on this basis are also characterised by their considerable freedom of design in terms of structure, colouring and technical properties.”

Trans-Textil uses Covestro's tech in coated textiles

-ICRA revises Indian GDP contraction forecast

Rating agency ICRA recently revised its forecast for contraction in India’s gross domestic product (GDP) in this fiscal to 9.5 per cent from 5 per cent earlier, as continued lockdowns in some states affected the May-June recovery.

The unabated rise in infections in the unlock phase and re-imposition of localised lockdowns in several states appear to have interrupted this recovery, ICRA’s principal economist Aditi Nayar noted. Petrochemicals Polyamide CarbonFiber News

ICRA said the country’s economy may have contracted by a sharp 25 per cent in the first quarter of this fiscal, and expects a shallow recovery in the subsequent quarters, with a contraction of 12.4 per cent in the second quarter and a milder 2.3 per cent in the third quarter, followed by a growth of 1.3 per cent in the fourth quarter.

ICRA revises Indian GDP contraction forecast

-Sustainability in the World of Plastic

The world is at the brink of collapse and it is something we will blame at nature and corona, while we are the actual reason behind this catastrophe. The markets are full of people, masks nowhere to be seen and safety measure guidelines ignored like the terms and conditions of a website. Infection is growing exponentially and patients are coming as high tides, mostly infected because of their own ignorance. While the world is dealing with major idiocy of population at large, reaping benefits out of the misery of others, one thing which has taken a major hit is sustainability. Petrochemicals Polyamide CarbonFiber News

Trying to flatten the curve and get a hold over the rapidly spreading infection, the world has forgotten about sustainable development and its goals. If wondering how these are connected, here is the blunt reality.

Sustainability in the World of Plastic

-Revenues of Chinese chemical fiber industry reports decline

The Ministry of Industry and Information Technology (MIIT) in China published data showing that the chemical fiber industry in the country reported a decline in revenues and profits in the starting five months of the current year, however, the decline has slowed down. Petrochemicals Polyamide CarbonFiber News

According to the data, the joint operating revenue of main chemical fiber firms, the ones having a yearly operating revenue of over USD2.86 million, posted a decline of 17.97 percent since the previous year to reach USD40.94 billion.

The contraction has slowed down 1.99 percent compared to the drop seen in the starting four months of the current year.

Revenues of Chinese chemical fiber industry reports decline

-A New Circular Solution: Polycarbin and Westfall Technik are Collaborating to Bring Circular Materials to the Biomedical Industry

Today, Westfall Technik is announcing a new partnership with Polycarbin—a software enabled biomedical plastic recycling company that has developed a method for diverting single-use scientific plastics from landfills, incinerators and recycling it back into the hands of scientists and clinicians as circular economy products.

Westfall Technik recognizes a partnership with Polycarbin as a unique opportunity to revolutionize the biomedical plastic life cycle and create the first circular economy in the health sciences. Petrochemicals Polyamide CarbonFiber News

A New Circular Solution: Polycarbin and Westfall Technik are Collaborating to Bring Circular Materials to the Biomedical Industry

Petrochemicals Polyamide CarbonFiber News

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