POLYESTERTIME plastic petrochemicals 03-09-2018 - Arhive
-Crude Oil Prices Trend
MOSCOW – JXTG Nippon Oil & Energy (part of the Nippon Oil Corporation), a major petrochemical producer in Japan, raised the September contract price of benzene in Asia by USD60 per tonne compared to August, thereby setting it at the level of USD920 per tonne, ICIS source in the company said
-Trump says no need to keep Canada in NAFTA
President warns Congress not to interfere with trade arrangements
U.S. President Donald Trump gestures as he arrives at Charlotte Douglas International Airport in Charlotte, North Carolina. © Reuters
WASHINGTON (Reuters) — U.S. President Donald Trump said on Saturday there was no need to keep Canada in the North American Free Trade Agreement and warned Congress not to meddle with the trade negotiations or he would terminate the trilateral trade pact altogether.
“There is no political necessity to keep Canada in the new NAFTA deal. If we don’t make a fair deal for the U.S. after decades of abuse, Canada will be out,” Trump said on Twitter.
-Polymers,yarns and Petrochemicals prices
-Crude Oil Price Forecast: Trade Headwinds Cap Oil
Oil fell just short of closing above the $70-per-barrel price required to break out of a trading range it has been in since early July. Prices paused on Friday when news broke that U.S. President Trump is considering imposing additional import tariffs on up to $200 billion worth of Chinese goods. Such a move would be a severe escalation in tensions between the two countries and could damage global trade and negatively affect demand for oil.
Huanlejia, well-known as a Chinese producer of food and beverages, recently switched from HDPE to PET bottles for its coconut milk; its main objectives in this change were to reinforce brand image and increase production speed.
Supplying the two lines that produce the PET bottles at 48,000/hr was Sidel (www.sidel.com). Decoration and branding is delivered by way of a full-body shrink sleeve label. The new product has been well received by consumers and also won an award in China’s annual 2018 Chengdu Food and Drinks Fair.
-SOLVENT-BASED PROCESS TO RECYCLE MULTILAYERED FILM
Later this year (Q4 2018), APK AG (Merseburg, Germany; www.apk-ag.de) will start up the first commercial plant to recycle multilayer packaging using the company’s solvent-based Newcycling process. The plant will process 8,000 metric tons per year (m.t./yr) of post-industrial multilayer film waste into pure, sorted polyethylene (PE) and polyamide (PA) re-granulates (approximately 2/3 PE and 1/3 PA). Because the quality of the products is similar to virgin resins, granulate from the Newcycling process can be reused in applications such as flexible packaging.
-Researchers say plastic is ‘indispensable’ so they’re trying to make it more sustainable
Some 500,000 tonnes of plastic waste from the EU end up in the sea every year.
RESEARCHERS IN IRELAND are trying to make plastic more sustainable and environmentally friendly.
Plastic doesn’t degrade or rust in the same way other, more expensive materials do. It can take hundreds, if not thousands, of years to break down fully.
-Oil prices continue uptrend amid draw report in U.S. crude oil inventories
HOUSTON — The oil prices had an upward movement in the week ending Aug. 31, posting two consecutive weekly gains after snapping the 7-week losing streak.
The price of West Texas Intermediate (WTI) and Brent for October delivery increased by 1.6 percent and 2.1 percent, respectively. WTI settled at 69.80 U.S. dollars and Brent settled at 77.42 dollars on Friday.
Oil prices started the week with slight gains with the news emphasizing the impact of the U.S. sanctions that is approaching towards Iran. The exports of crude oil from Iran have already been declining and the market was concerned with a potential supply deficit starting from November when the U.S. sanctions targeting Iran come into effect.
Association says proposals could reshape the trade of plastic scrap.
The Institute of Scrap Recycling Industries (ISRI), Washington, has released its position on proposals that could restrict the trade of plastic scrap commodities that will go before the Basel Convention when it convenes in Geneva Sept. 3-6.
By way of background, ISRI says that in March at the direction of the Basel Convention Conference of Parties, an Expert Working Group began to review the legally binding annex of the convention that pertains to what is considered hazardous materials as well the annex that determines what are disposal and recycling operations. The European Commission has proposed redefining certain recycling processes as “treatment” rather than recycling.
-Govt supports bioplastics via subsidy plan
The Environment Ministry plans to encourage the spread of bioplastics (see below) from next fiscal year by subsidizing commodity manufacturers and groups that are making efforts to replace petroleum-based plastic products with plant-based ones.
-Plastic waste bid to fuel hydrogen cars at Swansea University
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Media captionThe process degrades the plastic and creates hydrogen as a result, says Dr Kuehnel
Scientists have developed a way of turning plastic waste into hydrogen and hope it could one day fuel cars.
It involves adding a light-absorbing material to plastic, placing it in a solution and exposing it to sunlight.
Dr Moritz Kuehnel, from Swansea University’s chemistry department, said it could be cheaper than recycling plastic as any plastic can be used and it does not need cleaning.
-Aunde India Limited – Announcement under Regulation 30 (LODR)-Change of Company Name
Aunde India Limited has informed that the Board of Directors in their meeting held today, i.e on August 31, 2018 inter-alia considered and approved change in name of the Company from Aunde India Limited to Aunde Faze Three Autofab Limited subject to approval of Members of the Company at ensuing 21st Annual General Meeting.
-SK acquires SI Group to create additives player Comments Email Print
A look at SI Group’s headquarters at Niskayuna, N.Y.
NEW YORK—SK Capital Partners is creating a major additives player with its latest acquisition.
The firm agreed to purchase SI Group for an undisclosed price. Based in Schenectady, N.Y., SI produces plasticizers, flame retardants and antioxidants with more than $1 billion in sales, 2,800 employees and 20 global manufacturing facilities.
-KKR to acquire Mumbai-based JBF’s petrochemical unit01
Private equity firm KKR’s credit arm KKR Jupiter Advisors will acquire the petrochemicals subsidiary of JBF Industries Ltd in a deal that will help the Mumbai-based polyester company avoid bankruptcy, JBF said in a stock-exchange filing. The company, in which KKR already holds a 20 per cent stake, however, did not specify the overall deal value.
After the deal gets over by September 30, JBF will no longer consolidate the unit’s debt of ₹3,022 crore in its own accounts, it said.POLYESTERTIME plastic petrochemicals 03-09-2018
-US August PE contracts settle lower on lengthening supply
HOUSTON -US August polyethylene (PE) contracts were assessed 3 cents/lb ($66/tonne) lower for most grades based on lengthening supply.
Prices for high density polyethylene (HDPE) injection grade were assessed 6 cents/lb lower as additional discounts were seen for this grade as spot prices for HDPE injection have been trading at a discount to other grades of HDPE for the past several months.
-DuPont to increase Zytel prices Comments Email Print
WILMINGTON, Del.—DuPont Transportation & Advanced Polymers will increase prices for its Zytel product as of Oct. 1 or as contracts allow.
Prices will increase by about $550 per metric ton, according to a DuPont news release.
The new rate will be applied globally, and additional price hikes may be required for some grades.POLYESTERTIME plastic petrochemicals 03-09-2018
DuPont Transportation & Advanced Polymers is a DowDuPont Specialty Products Division business that serves the transportation, electronics, industrial and consumer markets. It works with customers to enable material systems solutions.
-France’s Total to sell PS business in China to INEOS Styrolution
LONDON –Total has agreed to sell its polystyrene (PS) business in China to INEOS Styrolution, the French producer said on Friday.
WestEnd61/REX/ShutterstockThe deal includes two PS production facilities – each with 200,000 tonnes/year of capacity – at Ningbo in Zhejiang province and Fongshan, Guangdong province, Total said in a statement.
-U.S. drillers add oil rigs for the first time in three weeks: Baker Hughes
U.S. energy companies added oil rigs for the first time in three weeks, energy services firm Baker Hughes reported on Friday, while the rig count inched up this month as drilling steadied over the last three months.POLYESTERTIME plastic petrochemicals 03-09-2018
A drilling rig on a lease owned by Oasis Petroleum performs logging operations in the Permian Basin oil and natural gas producing area near Wink, Texas U.S. August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Oxford
-Vandewiele, member firms to show innovations at ITMA Asia31
The Belgium textile machinery manufacturer Vandewiele, together with its member companies Bonas, Cobble and Superba, will present a broad range of latest innovations at the coming ITMA Asia + CITME 2018 in Shanghai beginning October 15. Over 800 exhibitors from 33 economies have confirmed their participation for the five-day international exhibition.POLYESTERTIME plastic petrochemicals 03-09-2018
-Pet food manufacturer mindful over sustainable packaging
US-based pet supplies brand Only Natural Pet has launched a sustainable pet food packaging initiative utilising Braskem’s sugarcane-based ‘I’m Green’ biopolymer.
The company will integrate at least 30 per cent bioplastic packaging material into every bag of its recently launched line of Mindful Meals dry dog food.
-Karl Mayer develops sloungewear with OJ 83/1 B machine31
Karl Mayer, Germany’s leading textile machinery company, has developed a new stylish and comfortable sloungewear, featuring lace produced with OJ 83/1 B raschel machine. Karl Mayer is a market leader for innovations in textile machinery building, which offers perfect solutions for warp knitting, technical textiles, and warp preparation for weaving.
-Asia toluene price surpasses 4-year high on strong margins, turnarounds
Singapore — Asia toluene prices surpassed a four-year high Thursday on higher crude oil futures, strong margins and plant turnarounds, market sources said Friday.
Register Now The FOB Korea marker for toluene was assessed Thursday at $814.50/mt, its highest spot price since January 27, 2014, when it was assessed at the same level, according to S&P Global Platts data.
-Oil dips on Sino-US trade conflict, but looming Iran sanctions support
International Brent crude oil futures were at $77.70 per barrel at 0232 GMT, down 7 cents from their last close.
Oil prices dipped on Friday amid concerns the trade war between the United States and China could intensify, although looming US sanctions against Iran’s oil exports prevented markets from falling further.
