Plastic chemicals recycling crude oil 04-10-2018 - Arhive
-The September contract price of paraxylene in Europe increased by EUR210 per ton
The contract price of paraxylene in Europe for September deliveries was agreed at EUR1,160 per ton, which is EUR210 per ton higher than the August contract price for material, ICIS reported on Wednesday, citing confirmation from both buyers and and by the sellers in the market.
The contract price was agreed on the terms of free delivery – FD NWE (North-West Europe).
Thus, the September contract price for material in the region increased by such a large amount after market participants reached its agreement at different levels: the first was EUR1,170 per ton, and the second was EUR1,150 per ton.
-Crude Oil Price Trend
-Fulgar & Tiziano Guardini show green fibres at MFW 2018
Fulgar, a producer of man-made fibres, along with eco-designer, Tiziano Guardini, presented its green EVO and Q-NOVA products, at the Milan Fashion Week (MFW) 2018. Guardini’s new ‘Sustainable Kit’ collection, a refined, totally green offer where fashion and nature forge a new harmony and balance, was seen at the expo from September 18-24, 2018, in Italy.
The ‘Sustainable Kit’ collection presented a range of garments made using Fulgar’s innovative green fibres like unisex polo made with EVO, dress polo made with Q-NOVA, women’s swimwear made with Q-NOVA, men’s swimwear made with EVO, lace beach robe in Iluna fabric with Q-NOVA, and shoes with futuristic appeal and seamless uppers made entirely with EVO, Fulgar said
Krones Inc., a technology and service provider for the beverage and liquid-food industry, has completed the acquisition of W.M. Sprinkman Corporation of Waukesha, Wis. Founded in 1929, Sprinkman provides exceptionally engineered food and beverage processing equipment, specializing in the dairy and brewing industries. Employing over 125 employees at its Waukesha and Elroy, Wis. locations, the company serves customers ranging from start-up microbreweries to large multi-national food and beverage producers.
‘We are proud to join forces with a global leader like Krones,’ said Brian Sprinkman, president of W.M. Sprinkman. ‘This partnership will allow us to exponentially widen our product and service offerings to our customers.’
-Invista planning investments for increased demand
Invista has been monitoring and forecasting increased demand for the nylon 6,6 value chain and has been planning its capacity investments accordingly. The company is investing hundreds of millions of dollars to bring new, highly advanced capacity online. It is deploying new ADN technology in its existing facilities and setting up an ADN plant in China.
“But in my opinion, the current tightness in the nylon 6,6 value chain isn’t one dimensional. This dynamic is resulting from the combination of increased demand and a few unforeseeable disruptions, such as Hurricane Harvey’s impact on the Gulf Coast of the United States,” Bill Greenfield, president, Invista Intermediates, said.
-Export potential of recycled poly-chips
Amid the fast increase in the use of environment-hostile polythene and plastic products in the country’s urban areas, their economic potential largely remains untapped. Their recycling carries great prospects. That the tonnes of waste produced by these items, bottles in particular, can open new frontiers in the export sector has begun dawning on the entrepreneurs only lately. The episode began with the moderate-scale recycling of the discarded plastic items.
In popular context, the recycling of plastic remains confined to manufacture of mainly household items. Local manufacturers have, thus, been making fruitful use of the plastic wastes. Produced on a limited scale, these recycled products did not show much prospect for export. With the start of the export of relatively large volumes of recycled PET (polythene terephthalate) chips from discarded plastic products, a new generation of exporters has emerged in the country. Not long ago, the large-scale production of recycled plastic granules and their export was literally an alien idea. Given the rapid expansion of the sector, it can now deserve to be defined as a fledgling industry, and rightfully at that.
-Increased plastic waste collection is the cornerstone for higher recycling rates
Today far too much plastic waste still escapes the European collection system. Of the 60m tonnes of plastics produced annually in the EU, only around 25.5m tonnes are collected and a mere 6.6m tonnes makes its way to recycling. This has a myriad of environmental and economic consequences.
Increasing the circularity of plastics in light of the EU Plastics Strategy hinges on ramping up plastics waste collection. A strong secondary materials market can only be secured through increased collection along with other fundamental measures.
Failing to collect plastic waste leads to a loss of valuable resources, leaving European recyclers of certain product streams in a vulnerable position, unable to meet demand without sufficient flows of input materials.
This is the case for recyclers of PET (polyethylene terephthalate) drinking bottles in Europe, whose recycling capacity exceeds the amount of waste processed. Around 200,000 tonnes of PET recycling capacity in Europe remains unexploited.
-Scrap plastic sampling and sorting guidelines released
Mixed plastics baled for recycling.Public and private entities regularly sample waste streams to glean data on the plastics that could be captured for recycling. Now, guidelines have been developed to standardize the process so results can be compared.
The Association of Plastic Recyclers (APR) this week unveiled the best management practices for sorting plastics during waste characterization studies. A Sept. 26 webinar introduced the standards to the industry.
Plastic waste characterization studies involve scooping samples of garbage or recyclables, sorting out the plastics and weighing them. The data helps reclaimers, materials recovery facility (MRF) operators, public recycling programs, state governments and others understand what’s in the plastic stream and how it’s changing over time.
-Sumitomo (SHI) Demag gets a dose of TSM in Ireland
Injection moulding machinery maker Sumitomo (SHI) Demag has teamed up with handling and dosing specialist TSM Control Systems, with the latter becoming its Northern and Southern Ireland agent.
In addition to benefiting from TSM’s large installation base and experience in plastics blending, the partnership will provide customers with the assurance of working with a single supplier rather than numerous stakeholders. TSM’s sales manager John Ross MacMahon will oversee all future turnkey plastics moulding and system integrations, providing on-the-ground customer support.
Nigel Flowers, managing director of Sumitomo (SHI) Demag UK, describes this as a real opportunity for the company to further strengthen its presence throughout Ireland.
-Pti Launches First-Of-Its-Kind Dromo Pet Bottle System
Dromo™, a new polyethylene terephthalate (PET) bottle system designed specifically for liquid or semi-viscous products sold through e-commerce channels is being launched by PTI at Pack Expo, October 14-17, McCormick Place, Chicago, Booth E-7256.
The first-of-its-kind system is ideal for personal care, household chemicals and a wide range of other products.
The objective was to create a bottle/dispensing system that would support growing e-commerce product demands, survive the distribution channel with limited secondary packaging and reduce dependence on raw materials. PTI’s Dromo™ system does exactly that.
According to the latest report published by Credence Research, Inc. “Global Bio-based Polyethylene Terephthalate Market – Growth, Future Prospects and Competitive Analysis, 2018-2026,” the global bio-based polyethylene terephthalate market expected to grow at the CAGR of 20.8% from 2018 to 2026.
Due to eco-friendly nature and superior properties than PET, bio-PET is witnessing huge demand from various end-use industries such as food & beverages, cosmetics & pharmaceuticals, automotive, textile and so on. Traditionally, bio-PET comprises 30% bio-based MEG and 70% petroleum-based resins however, many companies are investing to increase the production of bio-based MEG to eradicate the problem of inconsistent supply of raw material for the development of 100% bio-based PET. For instance, Avantium invested in the construction of bio-MEG demonstration plant in the Netherlands, to ramp up the bio-based mono-ethylene glycol (MEG) production made directly from renewable sugars.
-Registration open for Techtextil North America 2019
Raleigh – Registration for Techtextil North America 2019, scheduled for February 26-28, 2019 in Raleigh, North Carolina has officially opened.
The three-day event is expected to draw decision makers from all of the major industries across the technical textiles and nonwovens sector keen to discover the latest product developments and industry trends.
Events at the show will include the Premier Symposium which provides attendees the opportunity to listen and learn from industry leaders and subject matter experts as they discuss some of the most pivotal advancements in research and technology and shed light on the current global economic state and its effects across industries.
-4 times Theresa May whacked Brexiteers
In conference speech, UK prime minister attacks fellow Tories who have opposed her Brexit plan.
Theresa May did not pull her punches as the curtain fell on the U.K. Conservative Party’s annual conference Wednesday, an event at which high-profile Brexiteers were frequently the main draw on the fringes.
-Mogilevkhimvolokno to sign $100m worth of contracts at Belarus-Russia forum
Mogilevkhimvolokno is expected to sign three contracts worth $100 million during a session of the Business Cooperation Council that will take place on the sidelines of the 5th Forum of Regions of Belarus and Russia on 12 October, Chairman of the Standing Committee for Economy, Budget and Finances of Belarus’ Council of the Republic Vladimir Pantyukhov told reporters on 3 October, BelTA has learned.
All in all, contracts worth at least $500 million are to be signed this year. Contracts will be concluded by Mogilevliftmash, Mogotex and other enterprises. “Mutual search for partners is underway. The contracts to be signed suggest that we can be confident about the future,” Vladimir Pantyukhov said.
Alexander Popkov, the Chairman of the Standing Committee for Regional Policy and Local Self-Government of the Council of the Republic, recalled that Belarus is facing an ambitious task to increase its GDP twofold up to $100 billion by 2025. Russia wants to do the same. According to the senator, the countries need to join efforts to achieve these goals. Contracts and cooperation agreements to be signed at the forum are to play their part in these efforts.
-Risk of hard Brexit has these Asian companies on edge
[TOKYO] With only six months left before the UK pulls out of the European Union (EU), the chance of a chaotic exit is spooking Asian companies invested in Britain as they face higher tariffs and costs.
The virtual stalemate in the negotiations since March has left many firms on edge. The talks have stalled on the question of how to avoid police and customs checks on the border between the UK and Ireland.
“If there’s a no deal Brexit, there will be very serious impact on Japanese corporations and we’d like them to avoid that situation,” said Hiroaki Nakanishi, chairman of the country’s largest business lobby, Keidanren. “It’s natural to assume that Japanese companies may start leaving the UK.”
-Asia benzene up on firm crude; ample supply to cap further gains
Asia’s spot benzene prices were firmer despite the week-long holidays in the key Chinese market, riding on strong crude ahead of the US sanctions on Iran.
But ample supply across the region could cap further gains in the near term.
– Benzene breaches $880/tonne on crude gains
– China inventories may rise post-holiday
– China domestic benzene at parity with import prices
Spot benzene prices breached $880/tonne FOB (free on board) Korea this week as Brent crude futures rose to around the mid-$80/bbl levels, their highest in nearly four years.
On 28 September, spot benzene prices closed at $862.5/tonne FOB Korea, ICIS data showed.
China is currently on a week-long National Day holiday on 1-7 October.
-Westlake Bids for French Compounder Nakan Westlake French Compounder Nakan
US petrochemicals and plastics producer Westlake has made an exclusive binding offer of about $265 million in cash to buy Nakan, a French compounding business that is owned by private equity group OpenGate Capital.
The offer, which is subject to adjustment, was made so that Nakan can start consulting with French works councils prior to entering into a negotiated, mutually binding purchase agreement
-Asia petrochemical markets gain as crude at near four-year high
Spot prices of some petrochemicals in Asia spiked on Tuesday with crude prices trading at near four-year highs ahead of the re-imposition of US sanctions on Iran next month.
Market reaction, however, was partly muted by the absence of buyers in the key China market amid a week-long holiday in the country.
-Synthetic solutions grow alongside project demands
Rigging gear that utilizes synthetic materials will play a huge role in the future of rigging gear, according to Samson Market Strategy Manager Justin Smoak.
“As today’s construction payloads continue to push the limits of engineered lifting, traditional rigging has become heavier – and therefore more difficult to handle – and potentially more dangerous,” he said. “As lifting complexity increases, so does the possibility of costly delays, safety risks and increased operating expenses for construction contractors and lift planners.”
