Plastic Petrochemicals recycling PEF FDCA 24-10-2018 - Arhive
-China – Polyethylene Terephthalate and the prices of its chain decrease also today.
PET Bottle grade export 1,215/1,235 $/ton – PET Bottle grade domestic market 9,350/9,500 yuan/ton – PET Filament grade SD domestic market 9,300/9,450 yuan/ton – PET Filament grade BR domestic market 9,300/9,450 yuan/ton
PTA Taiwan 940/950 $/ton – PTA domestic market 7,050/7,200 yuan/ton – MEG $ 815/830 $/ton – MEG domestic market 6,900/7,000 yuan/ton – PX Korea 1,230/1,240 $/ton
POY 150D/48F domestic market 10,500/10,650 yuan/ton – DTY 150D/48F domestic market 12,200/12,300 yuan/ton – PSF domestic market 10,400/10,500 yuan/ton
China China Petroleum & Chemical Corp. (Sinopec), Asia’s largest oil refining company, on October 24 set October contract prices for mono-ethylene glycol (MEG) in eastern China at 310 yuan (CNY) or USD44.7 per ton lower compared to the previous month, a company source told ICIS .China Sinopec MEG contract prices October
Thus, Sinopec reduced the October contract price of MEG for the eastern regions of China to CNY7,770 per tonne or USD11,195 per tonne amid weak demand in the spot market.
MEG prices declined in the face of declining demand in the polyester market.
The company operates four MEG plants with a total capacity of 1.84 million tons per year.
-MEG import prices in China fell amid falling oil futures MEG import prices China crude oil futures
US MEG prices in China fell on Wednesday, October 24, amid falling oil futures and uncertain macroeconomic forecasts, ICIS reported, citing market participants.
Thus, the spot prices of imported MEG fluctuated at around USD830-840 per ton, CFR CMP, while price proposals for the end of October and early November were at USD815-830 per ton, CFR CMP.MEG import prices China crude oil futures
On October 23, the spot prices of MEG in China were USD840-852 per ton.
The decline in demand from the polyether market also exerts downward pressure on the MEG market.MEG import prices China crude oil futures
Earlier, it was reported that the Chinese Sinopec on October 24 set October contract prices for monoethylene glycol (MEG) in eastern China by 310 yuan (CNY) or USD44.7 per ton lower compared to the level of the previous month
-Crude Oil Prices Trend
-Chinese Create PCF from FDCA and May Disrupt PET and PEF
The bio-based polyester demonstrated great potential and could be used as engineering plastic. ……………………………………
PCF (poly(1,4-cyclohexanedimethylene furandicarboxylate) was synthesized from FDCA and CHDM with different steric conformation.
The melting temperature of PCF could be up to 294 °C and its crystallization half-time could be only several seconds.
Thyssenkrupp built the first commercial plant in China based on their patented PLA bioplastics process .Chinese Disrupt Bioplastics Industry COFCO Biomaterial
The plant is located in Changchun, China and is operated by the Jilin COFCO Biomaterial Corporation, a subsidiary of COFCO, China’s largest food and beverage group.
The new plant produces PLA that can be used for the production of eco-friendly packaging, fibers, textiles and engineering plastics. PLA is made from renewable resources such as sugar, starch or cellulose.
-U.S. trade commission rejects anti-dumping duties on PET resin imports from five countries
Indorama Ventures Indorama Ventures USA Inc. was one of four PET makers asking for anti-dumping duties to be placed on PET resin imported to the U.S. from five foreign countries.
In a unanimous vote, the U.S. International Trade Commission decided not to place anti-dumping duties on PET resin imported into the U.S. from five foreign countries.
The 5-0 vote Oct. 18 covers PET imported from Brazil, Indonesia, Korea, Pakistan and Taiwan. The commission determined that the U.S. PET industry “is not materially injured or threatened with material injury” because of imports from those countries, according to a news release.
-Novamont Launches New Bioplastics Plant to Boost Production
Italian bio-plastics company Novamont has opened its revamped Mater-Biopolymer plant to the south of Rome with a significantly boosted production capacity, going from from 120,000 to 150,000 tonnes per year.
The converted facility, which previously manufactured PET, will allow Novamont to increase its production of ORIGO–BI® renewable biopolyesters and MATER-BI® compostable bioplastics, which have been used to replace traditional plastics in products varying from coffee cups and carrier bags to cutlery and straws.
Novamont’s total investment in the facility, located in the town of Patrica, comes to €70 million (£61.9 million), which is set to rise to €100 million (£88.5 million) over the next three years. Some 90 people are employed at the 120,000m² site.
A multi-pronged approach is required to make business sustainable
Nepal, with its amazing but fragile biodiversity, has an opportunity to lead the global discourse if a few sustainable efforts can emerge towards building a circular economy
At the Responsible Business Summit in Singapore co-hosted by the United Nations Development Programme (UNDP), the discussion on one of the streams was Circular Economy. The phrase has been there for three decades, but as the climate change discourse is building, the discourse around circular economy has increased.
Circular Economy is much understood as something to deal with recycling only; the concept is broader that touches from rethinking, design and system to usage.
-Arsenal acquires specialty polymers maker Polytek
Photo by Polytek Development Corp.Polytek’s proprietary specialty polymers, including polyurethane elastomers, casting resins, silicones and latex, are used by customers to create flexible molds to make highly-detailed objects for a variety of industrial and consumer applications.
Private equity firm Arsenal Capital Partners has acquired specialty polymers maker Polytek Development Corp. for an undisclosed price.
It’s the 25th plastics-related deal for the New York City based firm since 2012. Arsenal is acquiring Easton, Pa.-based Polytek from private equity firm Morgenthaler Private Equity of Cleveland.
-Beverage leaders call for industry-wide approach to sustainability
The bottled water industry is on a journey and trying to not only end plastics waste, but to completely disrupt the concept of single use consumption and production, explained Maurizio Patarnello, chief executive of Nestlé Waters.
“This is a journey because we don’t have the answers yet. This is about trying, testing, learning and trying again,” he said whilst speaking at the annual 15th Global Bottled Water Congress in Evian, France.
“PET is the preferred packaging material in the bottled water industry because it combines beverage protection with lightness, resistance and transparency. And, of course, it’s also 100 per cent recyclable.
-Danone aiming to triple plant-based business
Danone has put plans in place to triple the size of its plant-based business by 2025 through an increase in its non-dairy beverage and yoghurt portfolio.
The French company is aiming to grow its revenues in this area from €1.7 billion ($1.95bn) to €5bn ($5.7bn) in seven years, explained chief executive Emmanuel Faber: “We are pleased to share with the financial community our good progress towards building a company uniquely positioned to embrace the food revolution. We are developing our portfolio of health-focused and purpose-led manifesto brands, acting as a catalyst for consumer reach.”
-UK stocking up on polymers, fuels ahead of a potential ‘hard Brexit’
UK petrochemicals and fuel buyers are stocking up on gasoline components, polymers and glycerine in preparation for a potential hard Brexit, the possibility the country may leave the EU in 2019 without having reached a trade agreement with the bloc.
– Higher prices on weaker pound not deterring stock up
– Moves described as ‘panic buying’ by a UK port proprietor
– Warehouse space running low, some products in short supply
However, some products are in shorter supply and that is making difficult to secure additional materials.
The UK is a net importer of polymers, with many products like engineering plastics feeding into the country’s strong automotive and housing industries.
Reliance on imported petroleum products has also soared in the last decade, with the UK importing 9.5m tonnes more than it exported in petroleum products in 2015, according to government statistics.
-First repeat order for spinitsystems technology
Leading German circular knitting machine manufacturer Mayer & Cie. has confirmed that it has received the first repeat orders for its revolutionary spinitsystems, combined spinning and knitting technology.
Speaking at last week’s ITMA Asia + CITME exhibition in Shanghai, a buoyant Michael Tuschak, head of marketing and sales for spinitsystems, told Knitting Industry: “We are thrilled to tell you that we have now received the first repeat order for our game changing spinitsystems technology.”
Mayer & Cie. at last week’s ITMA Asia + CITME exhibition in Shanghai. © Knitting Industry
Mr Tuschak declined to name the customer who had placed the repeat order, or even name the country where the new machinery would be installed, preferring to comment: “We cannot name names for reasons of confidentiality, but we can say that we are now active in Latin America, India and Taiwan, with Spinit – and of course, now China.”
