Petrochemicals Synthetic Fabrics Polyamide 28-03-2020 - Arhive
Petrochemicals Synthetic Fabrics Polyamide
-France shortage of recyclates likely as more waste plastic goes to landfill, incineration
France is diverting more of its mixed plastic waste to landfill or incineration because of a drop in man-power at separation and sorting facilities due to coronavirus, sources in the recycled polyethylene terephthalate (R-PET) market said this week.
Regardless of what material is being removed from the recycling stream, the move to incineration or landfill will reduce the amount of post-consumer PET bottles in France.
The majority of sources also agreed that the problem was impacting mixed plastic waste and not just post-consumer PET bottles.
-Large oil companies prepare for oil price at USD10 per barrel
Large oil companies were hit by a wave of cost reductions, as oil prices ranged from USD20 to USD30 per barrel, Vesti writes.
On Monday, Royal Dutch Shell said it would cut costs by 20%, or USD5 billion, and also suspend its share buyback plan. The French oil giant Total SA and the Norwegian company Equinor are going to take similar steps.
ExxonMobil and Chevron have suggested that they also cut budgets, with Exxon experiencing particular pressure. Goldman Sachs estimates that Chevron needs a price of USD50 per barrel to cover costs. ExxonMobil needs a price of about USD70.
-Germany’s economic sentiment at lowest since reunification
Business sentiment among Germany’s corporates continues to plummet in the wake of the coronavirus pandemic, according to economic research institute Ifo on Wednesday.
The Ifo business climate index tumbled to 86.1 points in March from 96.0 points in February, marking both the steepest since German reunification in 1990 and the lowest value since July 2009. Petrochemicals Synthetic Fabrics Polyamide
MANUFACTURING TUMBLES
Ifo’s business climate index for the manufacturing sectors has dropped to the lowest level since August 2009 as companies across Germany have reported production curtailments, including in the chemicals-intensive automobile industry.
-Transforming Recycled Plastic into Additives for Industrial and Consumer Products
GreenMantra out of Canada is a rapidly growing clean technology company that produces specialty polymer additives from recycled plastics.
With a more increased focus on adding more recycled content to products, it’s becoming very apparent that innovation is required in order to meet these demands.
During the Plastics Recycling Conference, Canadian cleantech company GreenMantra Technologies accepted the Association of Plastics Recyclers (APR) Showcase Award, which is given to companies who have a innovative and potentially game-changing idea to advance the recycling of plastics. Petrochemicals Synthetic Fabrics Polyamide
-Plastics recycling challenges could create new openings for aluminium players
The ‘circular economy’ approach has received ever-greater attention amid rising concerns about impacts of carbon emissions and demands from investors and consumers for environmentally sustainable products and business practices. The circular economy approach rethinks the traditional linear ‘take-make-dispose’ economic model and envisions a new model aimed at eliminating waste and minimising use of natural resources—through practices such as reuse, remanufacturing and recycling of materials and products.
We maintain that circular business models can prove just as profitable as linear models for companies in a diverse array of industries. Mining is no exception. To be sure, metals and minerals have been circular for a long time, including being supported by separated-waste collection for many materials. Much packaging, though, is still intended for single-use only—which misses the circular-economy mark. Petrochemicals Synthetic Fabrics Polyamide
-Sustainability Push Driving M&A For Plastic Recyclers
Consumer demand and government regulations are prompting global plastic producers to acquire in the space.
A combination of government regulations and consumer pushback against single-use plastic, could bring investors off the sidelines into plastics recycling, sources say.
“We are in the middle of a shift right now,” said Martin Aares, who co-heads the private equity platform of sustainability-focused New York private equity and venture house Closed Loop Partners. Petrochemicals Synthetic Fabrics Polyamide
-Coronavirus is not yet impacting Avantium’s business, but firm is monitoring the situation closely
“In line with Dutch government advice, Avantium has taken the decision to ask its employees, where possible, to work from home until at least 6th April 2020.”
Dutch renewable chemicals company Avantium has not yet seen an impact on its business operations from the global coronavirus outbreak, but has stated that it is closely monitoring the situation. Petrochemicals Synthetic Fabrics Polyamide
It announced the statement in its 2019 financial results.
In its financial statement, Avantium said: “We are closely monitoring the impact of the Covid-19 virus and the consequences of the recent turmoil in the petroleum industry on our business. At present, we have not experienced material negative changes to our business prospects but it is still too early to predict how the next weeks and months will unfold.”
-Asian petchems end mixed, oil lower as investors await US jobless claims data
Asian petrochemical shares ended mixed on Thursday while crude oil prices fell as investors await key data on initial jobless claims in the US later in the day.
The widely-watched initial jobless claims data would give a clearer picture on the state of the world’s largest economy following the coronavirus outbreak, which has now infected close to 500,00 people globally, with the number of deaths exceeding 20,000.
News that US Senate and White House leaders finally reaching an agreement on a $2 trillion stimulus package on Thursday failed to sway investors as fears of the global coronavirus pandemic continued to weigh on sentiment. Petrochemicals Synthetic Fabrics Polyamide
-European plasticizers market starts to see some companies fall victim to the coronavirus
Both sellers and buyers of plasticizers are starting to feel the ramifications of the coronavirus, as the spread across Europe is impacting both those producing and those downstream, and this is starting to dent the chain.
Further plant closures makes April demand uncertain
Day-by-day decisions
Logistical constraints a concern
Restrictions on both personal and professional lives are wide and varied depending on the location of offices and plants. Petrochemicals Synthetic Fabrics Polyamide
-Coronavirus and oil price war
European chemical producers are now coming under increasing pressure, with manpower shortages linked to the coronavirus impacting operations.
Both sellers and buyers of plasticizers are starting to feel the ramifications of the coronavirus, as the spread across Europe is impacting both those producing and those downstream, and this is starting to dent the chain.
With integrated chemical producers tied into refinery feedstocks, there are fears that lower refinery rates could impact feedstock availability.
On a brighter note, among the current collapse in most chemical markets, there are some spots of stronger demand for chemicals which create products helping to combat the spread of coronavirus. Petrochemicals Synthetic Fabrics Polyamide
-Meraxis expands regranulate portfolio for film applications
The global polymer trading group Meraxis has expanded its recycling division to include regranulates from post-industrial sources (PIR) and post-consumer sources (PCI).
The products are used for film applications in the packaging industry, for sacks and bags, and for construction and agricultural films, among other things.
Elmar Schröter, Executive Director Recycling Materials, Compounds and New Business Development, said: “With our PIR- and PCR-based regranulate solutions, we offer first-class recycling alternatives for films. The demand for recyclates for film applications is on the rise, especially in the packaging industry. Here, we sense great interest in premium qualities for use in non-food applications.” Petrochemicals Synthetic Fabrics Polyamide
Petrochemicals Synthetic Fabrics Polyamide