Plastic chemicals crude oil wti brent 13-09-2018 - Arhive
-Crude Oil Prices Trend
-September PET prices rose in Mexico by USD110 per tonne September PET prices Mexico USD110 tonne
Prices for polyethylene terephthalate (PET) in Mexico increased by at least 5 cents per pound (USD110 per tonne) in September against higher raw material costs, ICIS reported citing market participants.
MEGlobal, the world leader in the production of monoethylene glycol (MEG) and diethylene glycol (DG), set the October contract price for MEG for Asia at USD1,120 per tonne, which is USD20 per ton higher than September, ICIS reported in company.
-Packaging Automation Developed Biodegradable Thermal Resistant Tray
Packaging Automation and Evesham Specialist Packaging (ESP) developed a heat sealable plastic alternative pulp board tray
Packaging Automation Ltd is a leading UK-based manufacturer of tray sealing and pot filling and sealing machinery. The company offers wide range of applications in the food industry including fresh produce packing. Recently the company revealed the new packaging, which is biodegradable, recyclable and compostable.
-Venator to close fire-hit Pori TiO2 plant on reconstruction ‘cost escalation’
Venator is to close its titanium dioxide (TiO2) plant in Pori, Finland, by 2021 due to “cost escalation and extended timeline” for its reconstruction following a fire in 2017, the US-headquartered chemical producer said on Wednesday.
The company said it would shift its Pori technology to other sites.
The plant will operate at reduced capacity through to 2021, at around 25,000 tonnes/year, or 20% of the total, it added.
-US shale-related chem industry investments hit $200bn – ACC
US chemical and plastics industry investment related to shale-based domestic supplies of natural gas and natural gas liquids (NGLs) has surpassed $200bn, the American Chemistry Council (ACC) said on Tuesday.
A total of 333 chemical projects worth an accumulative $202.4bn have been announced since 2010, the ACC said.
Of those, 53% complete or underway, the ACC said, while 41% of projects are still in the planning phase.
-Kenya’s Manufacturers To Recycle Up To 20pc Of PET Plastic Bottles This Year
-Opec sees slower 2019 crude oil demand growth
LONDON: OPEC on Wednesday further trimmed its forecast for 2019 global oil demand growth and said the risk to the economic outlook was skewed to the downside, adding a new challenge to the group’s efforts to support the market next year.
In a monthly report, the Organization of the Petroleum Exporting Countries said world oil demand next year would rise by 1.41 million barrels per day (bpd), 20,000 bpd less than last month and the second consecutive reduction in the forecast.
-Oil Prices Rally On Significant Crude Draw
A day after the American Petroleum Institute gave oil bulls a cause for celebration with an estimated 8.636-million-barrel inventory decline for the week to September 7, the Energy Information Administration added to the optimism by reporting a draw of 5.3 million barrels.
-Fracking made the U.S. a major oil producer, but not energy independent
A Cabot Oil & Gas natural gas drill stands at a hydraulic fracturing site in South Montrose, Pennsylvania.
A Cabot Oil & Gas natural gas drill stands at a hydraulic fracturing site in South Montrose, Pennsylvania. – Spencer Platt/Getty Images
The oil shortages of the 1970s triggered laws that banned the export of American crude oil. Those lingering fears of scarcity kept those laws around for decades.
Then came the shale revolution in mid-200os, otherwise known as the fracking boom, which helped the United States become one of the world’s top oil and gas producers.
-Asia benzene slumps as China inventories rebound
Asia’s benzene market has been weakening as inventories in the key China market snapped two months of declines.
Spot prices tumbled below $850/tonne FOB (free on board) Korea in September, after hovering at above $870/tonne FOB Korea in the second half of August.
-SABIC mulls ‘world-scale’ petchems complex in China’s Fujian province
SABIC is mulling a “world-scale” petrochemical complex in the Chinese province of Fujian although no “definitive timelines” have been set out, the Saudi major said on Tuesday.
The company has signed a memorandum of understanding (MoU) with the Fujian provincial government. The region is located in southeast China, south of Shanghai.
-Up To Reduce Synthetic Microfiber Pollution And Textile Waste
Parkdale Advanced Materials Inc., the innovative fibers and yarns division of Parkdale Inc., and Intrinsic Textiles Group LLC, have announced the formation of Intrinsic Advanced Materials, a joint venture to bring CiCLO Sustainable Textile Technology to market.
CiCLO textile technology allows polyester and other synthetic materials to biodegrade like natural materials do in wastewater treatment plant sludge, sea water and landfill conditions.
-Phoenix Technologies: Brand owners should shoot for 50 percent recycled PET
Phoenix Technologies International LLCPET bales await recycling at Phoenix Technologies.
PET bottles made from 100 percent recycled resin are the most sustainable, Lori Carson readily admits.
But the current recycling market is not ready to support a large influx of brand owners wanting to go completely green and still maintain expected quality.
Carson, commercial operations director at PET recycler Phoenix Technologies International LLC believes a 50 percent target for recycled PET use in new bottles will help companies meet their environmental goals while not compromising the recycling stream.
-Global Nylon 66 Market Is Rising to a Valuation of US$ 6.0 Bn in 2026
Nylon is one of the most popular and widely used engineering thermoplastic materials. It is cost-effective and it has excellent mechanical properties. The most common and extensively used Nylon grades are Nylon 66 and Nylon 6. Both these materials have similar properties; therefore, they can be used in place of each other. These materials have good mechanical properties and similar wear resistance.
-Seventh Generation first to use 100% PCR cap, naturally
The plant-based household and personal care products producer overcomes the challenges with using 100% recycled-content plastic with a new bottle cap for its Natural Dish Liquid bottle.
Generation has earned a reputation as a pioneer in plant-based household and personal care products as well as in the use of breakthrough sustainable packaging materials. Therefore, it was only “natural” that it be the very first to use a 100% recycled-content plastic cap. Topping the bottle for the company’s Natural Dish Liquid, the cap was engineered by TricorBraun and is made in large part from recycled polypropylene clothes hangers.
-Turning waste into bioplastics, Mexico strikes green gold
Tequila, avocado and corn are proving their worth beyond Mexican fiesta staples as key components for a fast-growing bioplastics market, with companies transforming waste from processing food crops into products such as bags, plates and even car parts.
Bioplastics make up less than 5 percent of the millions of tonnes of plastic produced each year around the world.
But as governments and consumers fret about the damage plastic is doing to the world’s oceans, scientists are experimenting by converting materials from cactus to shrimp shells and human waste into alternative greener plastics.
