Plastic petrochemicals recycling bioplastic 08-11-2018
-China – Polyethylene Terephthalate PET and its chain are assessed mixed.
PET Bottle grade export 1,110/1,150 $/ton – PET Bottle grade domestic market 8,650/8,750 yuan/ton – PET Filament grade SD domestic market 8,400/8,550 yuan/ton – PET Filament grade BR domestic market 8,450/8,600 yuan/ton
PTA Taiwan 890/900 $/ton – PTA domestic market 6,750/6,850 yuan/ton – MEG $ 735/750 $/ton – MEG domestic market 6,200/6,350 yuan/ton – PX Korea 1,130/1,140 $/ton
POY 150D/48F domestic market 9,100/9,200 yuan/ton – DTY 150D/48F domestic market 11,100/11,200 yuan/ton – PSF domestic market 9,450/9,600 yuan/ton
INVISTA’s site in Orange, Texas, set a 12-month production record for adiponitrile (ADN), a key ingredient for nylon 6,6 plastics and fibers.
“Since deployment of our most advanced ADN technology at the Orange site in 2014, the facility has consistently set production volume records”Tweet this
“Since deployment of our most advanced ADN technology at the Orange site in 2014, the facility has consistently set production volume records,” said Bill Greenfield, president, INVISTA Intermediates
Unique, patented 3D printing process enables production of large-scale components
First direct investment by BASF Venture Capital in a company in China
BASF Venture Capital GmbH is investing in Prismlab, a leading provider of 3D printing processes and 3D printers, headquartered in Shanghai, China. BASF China 3D printing Prismlab
Prismlab has developed a patented printing process that is characterized by a very high printing speed, high level of precision and lower printing costs.
Spot prices for benzene in Europe decreased by 10% compared to last week, reaching the lowest level in 23 months, according to ICIS , citing market participants.
This is also 17% below the price level in the last two weeks. The last time such prices were observed in December 2016.
The range of spot prices for benzene for November deliveries in Europe amounted to USD710-730 per ton, where USD720 per ton is for supplies in the first half of November.
December benzene prices in the region were at USD730 per ton, while January prices were estimated at USD740-750 per ton.
-Crude Oil Prices Trend
Leading manufacturer of home textiles GHCL has launched Cirkularity, a new brand of eight lines of bedding supporting the circular economy.
These lines centre on “reduce, reuse and recycle”. Rekoop, the inspiration behind Cirkularity, is a brand of bedding products made from recycled plastic (rPET) and is the first bedding product to use Applied DNA Sciences’ CertainT platform. Rekoop bedding products will be available for sale in the US beginning first quarter 2019.
Rekoop uses Applied DNA’s CertainT platform to trace and authenticate the post-consumer recycled polyester plastic in its bed sheets, pillowcases, and shams throughout the entire supply chain.
This technology provides forensic proof that guarantees brand authenticity, a growing concern for manufacturers as counterfeiting continues to escalate – rising from US$ 1.2 trillion in 2017 to an anticipated US$ 1.82 trillion by 2020.
Brent slips as worry about how an economic slowdown may curb fuel demand growth weighs on sentiment
Oil prices slipped on Tuesday, weighed down by exemptions from Washington that will allow Iran’s biggest oil customers to keep buying from Tehran, as well as concerns that an economic slowdown may curb fuel demand growth.
US West Texas Intermediate (WTI) crude futures were at $62.95 a barrel at 3.55am GMT, down 15c, or 0.2%, from their last settlement.
International Brent crude oil futures were down 28c, or 0.4%, at $72.89 a barrel.
Ma Guoyi, a farmer in Wusu city in Northwestern China’s Xinjiang Uygur autonomous region, was blown away when he realized that his harvest nylon could be used for green textile materials as opposed to food and forage.
Wusu is a leading producer of corn and cotton in Xinjiang, and as a major stop of the China Railway Express, the city lies along the new Eurasian Continental Bridge. Farmers like Ma in Wusu are benefiting from such convenience and the new uses of their crops.
“Normally, nylon is made from petroleum, but we can use crops such as corn and wheat to make recyclable and environment-friendly nylons,” said Wang Hongbo, deputy manager of Cathay Industrial Biotech’s Wusu branch, a Shanghai-based producer of bio-based materials.
A sustainable alternative to down feathers, THERMOLITE® T-Down EcoMade Insulation is GRS Certified, engineered with 100% recycled fiber and offers key benefits over feather insulation
INVISTA, owner of the THERMOLITE® brand, announced today that synthetic insulation manufacturers Shinih Enterprise Co. Ltd. of Taiwan, and Mainland China based Ziran Non-Woven Co. Ltd. will be exhibiting the first commercially available THERMOLITE® T-Down EcoMade insulation at the Outdoor Retailer Winter Show in Denver, Colorado. With its 500+ fill power, this insulation delivers lightweight warmth to cold weather outerwear, sleeping bags and accessories.
The Lenzing Group recorded a solid business development in the first three quarters of 2018. The decline in revenue and earnings compared with the same period of the previous year was essentially based on a mix of lower prices for standard viscose, more unfavourable exchange rates and price increases for key raw materials, the company reports. The Lenzing Group’s strategic orientation with a focus on specialty fibres had a positive impact in this environment.
Net profit for the period dropped by 39% from EUR 219.3 million in the previous year to EUR 133.8 million. Revenue decreased by 5.2% to EUR 1,636.2 million over the comparative period of the previous year.
During the last decades, biopolymers experienced a renaissance.
The increasing limitation of fossil resources in combination with a public demand for environmental-friendly and sustainable processes has led to the formation of a market for biobased plastics.
Especially non-biodegradable bioplastics are very interesting materials, as they combine the benefits of reduced carbon footprint during production and increased resource efficiency with the persistence to microbial degradation.
Hyosung Advanced Materials will accelerate the expansion of its presence in the global market by establishing a new tire cord manufacturing subsidiary in Vietnam.
After the Hyosung Group’s conversion to a holding company structure, group chairman Cho Hyun-jun is stepping up his global business moves.
Hyosung Advanced Materials announced on Nov. 5 that the company will build a polyester and nylon tire cord production facility in Quang Nam Province in central Vietnam by investing a total of US$152 million.
The company will invest US$30 million this year.
Spot resin trading remained healthy as November rolled in, although it did not maintain the rapid pace of the previous few weeks, writes the PlasticsExchange (Chicago) in its Market Update. Some buyers took advantage of special month-end deals; then, toward the end of the week, a drop in fresh railcar offers helped earn commodity polyethylene (PE) grades a penny gain on Friday, Nov. 2. Polypropylene (PP) offers continued to flow and spot values fell a hefty $0.03/lb. While the PP market is far from awash in resin, rapidly eroding PGP costs point to a sharply lower contract settlement for November monomer.
There are also price increases on the table for November resin contracts, with producers generally seeking to add $0.03/lb to PE contract levels.
Solihull aluminium manufacturingAluminium rolling company Novelis is setting up a network of bases to increase product development specifically for the automotive industry. Its customer solution centres (CSCs) will be located close to OEM plants in North America, China and Europe and will be used to encourage the use of aluminium in applications from car doors and electric battery enclosures to full body-in-white design.
“Novelis’ CSCs will provide an environment to demonstrate product concepts, simulate customer processes and performance in use, as well as leverage data to educate stakeholders throughout the supply chain about elements ranging from forming to costing,” the US company stated.
Audi Brussels: Audi e-tron final inspectionGerman carmaker Audi has begun working with Belgian materials technology and recycling partner Umicore to investigate the potential for recycling the materials in electric car batteries.
The companies are looking to adopt a closed-loop approach in which valuable elements such as cobalt, nickel and copper from end-of-life batteries are recovered for use in new ones. Initial tests show that more than 95% of some elements can be recovered and reused.
Umicore is carrying out research with the aim of gaining insights into purity of the recovered materials, recycling rates and the economic feasibility of various ideas such as a raw materials bank.
Indorama Ventures Public Company Limited (IVL), headquartered in Thailand, has committed to further increase its use of post-consumer polyethylene terephthalate (PET) and polyester waste materials as feedstock for the future. By 2025, IVL is targeting to establish a substantial footprint in this direction across all the regions where it is present.
The development of the chemical industry in Belarus should become a national project, BelTA learned from Chairman of the Council of the Republic of the National Assembly of Belarus Mikhail Myasnikovich on 6 November.
The head of the upper chamber of the Belarusian parliament was made familiar with the implementation of the investment project designed to start making technical carbon in IOOO Omsk Carbon Mogilev.
Prospects of modernization of OAO Mogilevkhimvolokno were also reviewed.