Plastic petrochemicals renewable polymer 10-12-2018 - Arhive
-Crude Oil Prices Trend
-Polymers PET Polyamide Petrochemicals Prices
-Former INEOS Bio Energy 8± MMGY cellulosic ethanol and biomass plants up for auction
In Florida, the former INEOS Bio Energy 8± MMGY Cellulosic Ethanol Plant and 6± MW Biomass Plant are going to Auction with Maas Companies. Maas Companies specializes in the sale of specialized and renewable assets for private companies, courts and lenders nationwide. The surplus land and equipment are being offered first via a sealed bid auction process ending on Tuesday, January 8, 2019. If the equipment is not sold as an entirety with the real estate, the equipment will then sell piecemeal via a timed online auction ending on January 15, 2019.
Built in 2011 at a cost of $230 million, the plant was a joint venture between Ineos Group LTD and New Planet Energy LLC.
-Newcomer Nyltec Polymers Offers Novel Recycled PET/Nylon Resin
NyLester is positioned as a cost-efficient, environmentally-friendly alternative to nylon 6.
NyLester resin pellets made with recycled green PET.
A patent-pending engineering resin that blends a proprietary nylon with 90% recycled PET is newly available by young startup company Nyltec Polymers, Marietta, Ga. Aside from its very favorable sustainability profile, NyLester has been positioned to compete with nylon 6.
Company president Patrick Patin says, their process is mechanical.
“We blend our proprietary and patent-pending mix of nylons directly with recycled or virgin PET to make NyLester with no additional additives or chemical processes (just dry hoppers and an extruder).
Yet, the deal Khalid Al-Falih hammered out to reduce production by 1.2 million barrels a day, which sent oil prices soaring on Friday, was based on Saudi Arabia shouldering the lion’s share of the cuts.
It also relied, to an unprecedented extent, on Russia to broker an agreement between the Saudis and their archrivals, Iran, and acknowledged implicitly that there’s little the kingdom could do to hurt surging U.S. oil shale without causing itself pain.
“Saudi economic self-interest trumps Trump,’’ said Mike Rothman, president of Cornerstone Analytics Ltd., a veteran of three decades of OPEC meetings.
-Japan’s Shin-etsu to complete US ethane cracker by end-’18
Japanese producer Shin-etsu Chemical is looking at completing construction of its 500,000 tonne/year ethane cracker in the US by the end of the year, a company spokesperson said on Friday.
At the Bakken shale formation in the US. Asian petrochemical firms are building crackers in the US to take advantage of abundant ethane feedstock derived from shale. (Source: imageBROKER/REX/Shutterstock)
The company, via its US subsidiary Shintech, is building the cracker in Plaquemine, Louisiana, with a total project cost of about $1.4bn.
-Further falls expected for Europe Dec PS despite unseasonably strong demand
Monthly contract negotiations have started in the European polystyrene (PS) market this week with further downward pressure on prices amid another triple-digit drop in upstream costs, sources said on Friday.
– Multiple sellers already sold out for December
– Supply issues for certain grades expected to improve as Rhine water levels rise rapidly
– Many expect PS prices may have bottomed out with rises anticipated in early 2019
-Opec yet to agree on final deal as Iran seeks exemptions
Iran appeared yesterday to be the main obstacle for an Opec deal to cut oil production as the group’s leader, Saudi Arabia, has yet to agree on exemptions for sanctions-hit Teheran, two Opec sources said.
The Organisation of the Petroleum Exporting Countries (Opec) resumes discussions in Vienna during the day before heading into a meeting with non-Opec oil producers led by Russia.
On Thursday, Opec tentatively agreed to an oil output cut, but could not decide concrete parameters for reductions as it was waiting for a commitment from non-Opec heavyweight Russia, sources from the group said.
Yesterday, two Opec sources said Saudi Arabia’s arch-rival Iran, which came under fresh United States sanctions last month, was also holding up a final deal.
Following instability in forex market, the petrochemical sector has been in chaos, particularly PET, as most companies prefer to export instead of selling in the domestic market flooded with cumbersome rules, price restrictions plus corruption
PET Prices Decline in Iran PET Prices Decline in Iran
Prices of polyethylene terephthalate (PET), a form of polyester that is used in the production of plastic bottles, have plummeted by 56% in recent days after sharp rise over the past few months, the secretary of Mineral and Potable Water Producers Association said.
Peyman Forouhar said prices that had climbed to a record level of 250,000 rials ($2.2) per kilo have now fallen to 110,000 rials ($1.2).
-Brexit: May’s cabinet splits over second referendum on deal
PM’s plan heading for huge defeat as senior Tory suggests second referendum could be her ‘only chance’
Theresa May may be pushed ever closer to calling a second Brexit referendum when the Commons votes on Tuesday.
Theresa May may be pushed ever closer to calling a second Brexit referendum when the Commons votes on Tuesday. Photograph: Stefan Rousseau/PA
A deep cabinet split has opened up over whether Theresa May should back a second referendum in a final attempt to end the political deadlock over Brexit, as senior Conservatives predicted on Saturday night that her blueprint for leaving the EU was heading for a crushing House of Commons defeat.
-City professor makes food-safe bioplastic with expiry date
ICT researcher Ramanand Jagtap develops catalyst that will decompose plastic within set time; experts hail invention as solution for our plastic problem.
The Institute of Chemical Technology (ICT), Mumbai, might just have the answer to not just the city’s but the world’s plastic problem. Prof Ramanand Jagtap from the institute has developed a chemical agent, which when moulded with plastic
material can later aid its biodegradation. While existing biodegradable plastics need a controlled environment for decomposition by microorganisms, the ICT’s innovation purportedly does not need pre-set conditions and starts degrading on its own after a given period of time.
Prof Ramanand Jagtap and scan of plastic mixed with his catalyst
-Oil prices rise on planned Opec cuts
Major oil producers have agreed to cut production by more than one million barrels per day in a bid to boost energy prices.
Opec members, as well as countries allied with the cartel led by Russia, announced the plans on Friday, sending the price of Brent crude up almost 5%.
The cuts are due to start in January and last six months.
The plans come as the industry is grappling with a roughly 30% slide in prices since October.
The fall has been spurred by forecasts for lower demand, as well as a surge of shale production in the US.
-Bioplastics may not be better for climate: Study
Bioplastics — often promoted as a climate-friendly alternative to petroleum-based plastics — may lead to an increase in greenhouse gas emissions, according to a study.
The study from the University of Bonn in Germany suggests that shifting to plant-based plastics could have less positive effects than expected.
An increased consumption of bioplastics in the following years is likely to generate increased greenhouse gas emissions from cropland expansion on a global scale.
Plastics are usually made from petroleum, with the associated impacts in terms of fossil fuel depletion but also climate change.
-Crude set for biggest gain since 2016 as OPEC finalizes cut deal
Oil in New York jumped after OPEC and allied crude exporters surprised traders with a larger-than-expected output reduction.
Futures advanced more than 2 percent in New York and London on Friday. The Organization of Petroleum Exporting Countries and aligned nations will collectively curb production by 1.2 million barrels a day, 20 percent more than previously discussed.
“It’s been a volatile October and November, but this is a nice Christmas present into December,” said Chris Kettenmann, chief energy strategist at Macro Risk Advisors LLC. OPEC “stepped up and delivered this year and we should see volatility come in.”
-Blow Molding: Faster Mold Changes for PET ISBM Machine
A new quick-mold-change (QMC) system from SIPA of Italy for its ECS SP single-stage injection stretch-blow molding (ISBM) machines reportedly slashes changeover times by about 25%. New features also include added safety and user-friendliness.
These hybrid machines are suited to molding containers from pharmaceuticals, cosmetics, personal-care products, and spirits, especially in sizes from 20 to 50 ml. They come with injection clamps of 55 and 88 tons.
The QMC system involves a new automated procedure for loading/unloading the preform core plates; this incorporates additional sensors to ensure that the mold-opening stroke is adjusted to the preform length.
Operations for assembling and disassembling the neck-ring plate have also been modified. A new, patent-pending system now allows the procedure to be carried out safely by one person instead of two.
-Coke makes bottle recycling a PET project
COCA-Cola Africa pledged more than R500 million over three years at the Global Citizen 100 Mandela Festival on Sunday to help improve recycling companies across southern and east Africa.
The company unveiled their new innovation known as a PET bottle made entirely out of previously used plastic, which will be their new way of packaging.
The launch of a new 500ml Bonaqua PET bottle made from 100% recycled PET will be available from March next year.
More than 150 000 plastic cups and bottles were collected at the concert and all would be used to make new Bonaqua bottles.
-Textile trends for interior, architecture and hospitality
Textiles have a particular significance when it comes to property planning, interior design and the hotel industry.
High demands in relation to these are not just about the colour, design and texture of the material.
At the world’s largest trade fair for home and contract textiles, Heimtextil, taking place in Frankfurt next month, visitors from the contract sector will not only find a unique variety of textiles for various applications, but above all international expertise on their functional characteristics, as well as application examples for innovative construction projects and individual planning.
$ 60 per barrel instead of 100 americans have tried (Akhbar Al-Khaleej)
With the approaching date of the signing of the law on introduction of US sanctions against Iran, the most important among which are the sanctions prohibiting Iran to export its oil (the volume is 1.5 million barrels per day), there were expectations that as a direct result of this move will be to increase prices due to lack of supply.
It was assumed that Washington will turn to Saudi Arabia to cover this deficit and contributed to maintaining stability in the oil market.
Saudi Arabia produces 10 million barrels per day with a reserve capacity of two million barrels, but fearing the delay in meeting the demand, many importing countries began to increase reserves.
Saudi fears are that some countries have stocks, put them on the market and then prices will fall.
-Afghanistan Imports $500m Worth Of Textiles Annually
Officials from the Afghanistan Chamber of Commerce and Industries (ACCI) on Thursday said Afghanistan imports over $500 million worth of textiles/clothing on an annual basis. It is imported from China, Turkey, Korea, Iran, India and Pakistan.
Meanwhile a number of economic commentators have said the government should invest in rebuilding Afghanistan’s textile factories to curb the country’s reliance on others for fabrics.
Analysts say Afghanistan has vast potential for fabrics and cloth.
-Glut vs Opec cuts – what’s next for oil?
The bear market for crude oil appears to be settling in for the short term, with both Brent crude and WTI benchmarks shedding percentage point after percentage point for 7 weeks.
Oil market conditions are once more out of balance, at least from the oil bulls’ point of view. On one side of the scale, US shale keeps ramping up production to record levels. On the other side of the scale, Opec supply cuts are losing weight as investors remain skeptical on whether the group can mitigate the resurgent oil glut amid signs the global economy is slowing down again.
As of November 25, crude oil’s bull run appears to have rear-ended the decelerating China juggernaut, and has come to a crashing halt. The market has moved rapidly from a peak to reversal to correction to bear territory, giving investors little time to think.
-OPEC, Russia Agree To Cut Oil Output
OPEC announced Friday that it will reduce overall production among its members by 800,000 barrels a day from October’s levels for six months, starting from January.
The statement may have been written on Thursday, the day of the OPEC meeting because didn’t specify the output cut by nonmembers, which include Russia. But reports put the non-member cuts at 400,000 barrels a day (with most of the cut falling to Russia) to bring the total reduction to 1.2 million barrels a day.
On Friday, January WTI crude rose 2.2% to settled at $5US2.61 a barrel, while February Brent crude finished at $61.67, up 2.7%. They were up 3.3% and 3.6% respectively for the week.
-Renmatix and Gevo to evaluate feasibility of cellulosic hydrocarbons for renewable jet and gasoline
Gevo, Inc. and Renmatix, the leader in affordable cellulosic sugars, announced a joint development agreement to evaluate the commercial feasibility of creating renewable jet fuel by integrating Renmatix’s Plantrose Process (earlier post) with Gevo’s GIFT technology and alcohol to jet process (earlier post).
Renmatix’s Plantrose Process converts cellulosic feedstocks such as wood, agricultural residues, or other cellulosic raw materials to cellulosic-based sugars, the basic building blocks of sustainable fuels.
Together, Renmatix and Gevo will explore project opportunities for renewable and low-emission fuel, isobutanol, jet fuel and isooctane in markets where there is a convergence of low-cost biomass and low-carbon fuel incentives.
-A European strategy for plastics in a Circular Economy
Plastic is an important and ubiquitous material in our economy and daily lives. It has multiple functions that help tackle a number of the challenges facing our society.
Light and innovative materials in cars or planes save fuel and cut CO2 emissions.
High-performance insulation materials help us save on energy bills. In packaging, plastics help ensure food safety and reduce food waste.
Combined with 3D printing, bio-compatible plastic materials can save human lives by enabling medical innovation.
