Plastic chemicals biodegradable oil 01-10-2018 - Arhive
Chinese holidays October 1st to 7th, 2018: National Day / Golden Week
-Crude Oil Price Trend
Axion Polymers has invested in more laboratory test equipment at its Salford-based plastics recycling facility, including a new injection moulder, that will enable a greater range of polymer testing and further development of recycled polymer grades.
Axion’s in-house test capability now includes a Fourier Transform mid -infrared spectrometer for analysing the composition of black and dark-coloured polymer chips, a near-infrared multi-chip spectrometer for rapid analysis of large quantities of polymer chips and an X-Ray fluorescence analyser for heavy metals and bromine.
According to Axion the laboratory also has a notched Izod impact tester, a tensile tester and a lab-scale injection moulder to produce test pieces and evaluate moulding performance.
LETHBRIDGE -Our government is supporting research that will result in innovative technologies and processes that improve biodegradable plastics and their production.
Today, the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for Western Economic Diversification Canada (WD), announced $1,000,000 for the University of Lethbridge. Funding is being provided through the Western Diversification Program.
Asia’s petrochemical trades have slowed down as China – a key market in the region – will go on a week-long holiday in October.
Trading activity is expected to pick up in mid-October when Chinese players are back in the market.
China is a major importer of petrochemicals in Asia, and also a key supplier of some of those products in the region.
Efforts to cut down on items which contribute to pollution have been at the forefront of many government agendas worldwide.
In Trinidad and Tobago, government recently announced a ban on Styrofoam products from January 2019, and many have called for a ban on single-use plastic bags and straws.
However, Barry Fakoory, Sales Manager at VF Packaging, a local company which produces plastic containers, says there are other factors involved in the move from disposable plastic to compostable packaging.
WTI $75.00 May Be The New Benchmark For WTI Crude For The Fall And Winter Months.
It appears that U.S. President Donald Trump and OPEC are headed for a showdown over growing energy prices. On Friday, November WTI crude oil futures closed at $73.25, the highest level since the boom years of 2010-13. The late-week rally followed a positive EIA Crude oil stocks report on Wednesday and strong verbiage from Trump at the U.N.
PepsiCo is working on Performance with Purpose 2025 goal to design recoverable or recyclable packaging, and support increased recycling of plastic waste.
New Delhi: PepsiCo India on Saturday said it plans to establish a facility in Delhi to recycle used PET plastic bottles to reduce its impact on environment. “The company has partnered with Gem Enviro Management to set up infrastructure for collection and recycling of used PET plastic bottles in Delhi, in line with the plastic waste management rules,” PepsiCo said in a statement
Chineme Okafor weighs the implications of rising oil prices on Nigeria, which relies on imported petroleum products to run its economy
Oil prices have continued to rise to new levels and underpinning the higher oil prices is the spectre of far-reaching sanctions the United States has placed on the Iranian regime and which is intended to isolate it from economic interactions.
As at Tuesday, reports indicated crude oil prices jumped more than two per cent to a four-year high after Saudi Arabia and Russia ruled out any immediate increase in production despite calls by United States President, Donald Trump for action to raise global supply.
Saudi Arabia is poised to steadily increase production to compensate for the Iranian oil that will be subject to U.S. sanctions starting Nov. 5.
Saudi Arabia hasn’t said anything publicly, and seemed to tow the OPEC line following Sunday’s meeting with other major oil producers. But Commerzbank said Friday that Saudi Arabia could pump another 500,000 barrels of crude oil per day.
Invista’s technology and licensing group, Invista Performance Technologies (IPT), and Hengli Petrochemical (Hengli) have reached agreement for the licensing of Invista’s latest purified terephthalic acid (PTA) process technology for Hengli’s fifth PTA line. Invista’s latest industry-leading PTA technology is available as a licence package from IPT.
Japan’s Polyplastics will showcase its material solutions, technology innovations, and the latest applications at the upcoming Fakuma 2018 exhibition Oct. 16–20 in Friedrichshafen, Germany (Hall B1, Booth B1-1213). The trade show is expected to attract more than 1,800 exhibitors and roughly 50,000 visitors.
Polyplastics homes in on automotive and electrical/electronics applications with its range of engineering plastics. Pictured here is a hybrid electric vehicle motor insulator.
Polyplastics will also focus on e-mobility, along with its efforts in research and development. The company’s newly established technical center in Frankfurt offers expanded customer support, delivering design and product development expertise for a range of applications.
The market is anxious over a supply shortage as sanctions on Iran could potentially see 1.5 million barrels a day removed
Oil prices rose last week to more than $80 per barrel for the first time since November 2014. Rather than rising on the back of strong demand growth and a positive outlook for the global economy, the recent move in prices has been catalysed by growing market anxiety over supply.
In a reversal of the glut the market endured from 2015 to 2017, there is a real risk we could enter 2019 with not enough oil to go around, setting the stage for oil prices to remain high for some time.
Oil could rise to $100 by 2019 as global markets tighten
Oil prices jumped more than 2 percent to a four-year high on Monday after OPEC declined to announce an immediate increase in production despite calls by U.S. President Donald Trump for action to raise global supply. Sonia Legg reports
Rising oil prices are prompting forecasts of a return to $100 a barrel for the first time since 2014, creating both winners and losers in the world economy.
Exporters of the fuel would enjoy bumper returns, giving a fillip to companies and government coffers. By contrast, consuming nations would bear the cost at the pump, potentially fanning inflation and hurting demand.
Iraq’s ministry of oil has published a very optimistic report on the country’s capability to ramp up production, but internal political issues could lead to a new crisis after this weekend.
At the same time that a new Iraqi government is forming, a government that is increasing Iranian influence within Iraq, another election is threatening the country’s stability.
On Sunday, Kurdistan is voting for a new KRG parliament, a vote that may result in new power brokers in Erbil.
Although this will be challenging in the short term, it may be an opportunity for large American companies to acquire assets.
China’s largest oil and gas publicly-traded company, CNOOC (CEO) , is considering selling parts of its U.S.-based oil assets in the Gulf of Mexico amid escalating trade wars with the U.S. Although, according to a Reuters article, it does not intend to fully exit the U.S. market, where it holds significant stakes in two deepwater projects. To us, this is a signal that even U.S. energy assets have become less of a priority for China as they seek to reallocate capital elsewhere, like recent discoveries in Guyana.
Craig Graffius began selling his handmade glass straws at farmers markets. Now, Eco-Glass Straws, founded in the small town of Hood River, Oregon, has upgraded to a high-tech machine that pumps out 2,000 straws an hour, 16 times faster than the handmade process.
Even with the advanced technology, he still has to turn away international orders for millions of straws.
To tackle the problems created by microplastics, both in the waste stream and the environment, Italian bioplastic firm has developed a range of readily biodegradable ingredients.
The company explained that its new materials are suitable for cosmetic applications, use renewable raw materials, and offer performance comparable to traditional microplastics
The new line of bio-based and readily biodegradable ingredients for cosmetic applications, Dubbed CELUS-BI®, the company said that the new line of bio-based and readily biodegradable ingredients is fighting marine plastic pollution and preserving natural resources through research.
The issue with plastics is their disposal.
CHENNAI : The ongoing innovations and developments in the space of bioplastics seems glacial in comparison to the frenzy with which plastics are being banned across cities and countries around the world.
By 2019 Chennai will join the list of cities that have banned single use plastic products. Meanwhile there is much to be said about finding alternatives to the material — and quickly so.
The issue with plastics is their disposal. Bioplastics are derived from renewable and sustainable sources and said to ‘Biodegrade’ easily. Arguments have been made that only 9% of all plastic manufactured are recycled, and their wastes are only increasing with continued use.
Oil prices rose on Friday as U.S. sanctions on Tehran squeezed Iranian crude exports, tightening supply even as other key exporters increased production.
Global crude oil benchmark Brent LCOc1 was up 60 cents at $82.32 a barrel by 1340 GMT. The contract hit a four-year high of $82.55 this week but has been fairly stable during the third quarter, gaining around 3 percent since the end of June.
London — Weak demand for naphtha in the US in recent weeks has drawn rare flows of naphtha from Mexico to Northwest Europe, according to market sources and data from cFlow, S&P Global Platts trade flow software.
The 51,246-dwt Hellas Explorer left Coatzacoalcos on the east coast of Mexico on September 16, expected to arrive in Amsterdam around October 2, according to market sources and cFlow. The 51,510-dwt Aegean Wave is still docked in Coatzacoalcos as of Friday, but is also expected to be bound for Europe, according to two market sources.