Polymers Petrochemicals Biodegradable Automotive 01-04-2019
Crude Oil Prices Trend
Crealet, developer of electronically controlled warp thread feed systems for wide and narrow weaving machines, will present technologies for the electronic warp feed for narrow and wide weaving machines at the ITMA 2019 expo in hall 4, booth A110. ITMA is the trendsetting textile and garment technology expo, to be held from June 20-26, 2019, in Barcelona.
The two independent companies, Crealet and Rüti Textil, will have a joint booth at the fair. Both are experts in the weaving process with the use of the latest technologies in the field of industry 4.0. Rüti Textil is expert in development tasks of the weft insertion.
Crealet will also introduce the new corporate design, with a refreshed logo. The new design is in line with the evolution of the company with new products and services under the leadership of the next generation of leaders.
As US crude exports soar, an unexpected issue is plaguing domestic producers, and it could completely derail the country’s oil boom.
Two South Korean refiners have canceled the delivery of US crude oil cargoes that were due to arrive in January and February this year, Bloomberg reported earlier this week.
It cited unnamed sources from the industry as saying the refiners had been concerned about the quality of the crude.
Quality could at some point become a bigger problem for US producers.
D&L Industries’ subsidiary D&L Polymers & Colours, Inc. (DLPC) expects to boost export and domestic sales of its biodegradable plastic products after receiving international certification for its compostable biopolymers.
The certification came from DIN CERTCO which is a Berlin-based organization that does conformity assessment based on various international standards.
Two product lines have been certified. These are BC 9100 series used for films and straws and BC 9200 series used for cutlery and containers.
With the certification, biopolymers under DLPC’s proprietary Biorez line are now recognized worldwide as compliant with the European standard for biodegradable plastics.
The level of official recalcitrance over the need to reform the oil and gas sector is frightening, especially against the backdrop of the fact that even though the sector accounts for about 15 per cent of Nigeria’s GDP, however, crude oil exports account for about 90 per cent of foreign exchange earnings and 80 per cent of government’s revenue thus making the country’s economy heavily reliant on the sector.
Thus the importance of its centrality to national life, yet the Federal Government treats it with the contempt as if it is only a piggy bank.
Over the years, the issue of lost revenues in the sector has been of great concern to stakeholders both within the oil and gas industry necessitating calls for reforms to put the Nigerian oil and gas industry at par with what obtains internationally.
Oil prices remained unchanged on Monday, as investors fears of a global economic slowdown were offset by tighter supply and a reduction of US crude inventories.
Oil prices stayed flat on Monday, as investors concerns over the prospect of a global economic downturn were quelled by the promise of a reduction in US crude stockpiles and a tightening of supply across the industry.
Brent crude oil futures rose by just 30 cents to $67.33 a barrel on Monday afternoon, while US West Texas Intermediate (WTI) futures increased by only 11 cents to $59.15 a barrel.
WHILE there is a buzz all around, and even the Prime Minister Imran Khan is giving a fillip to it saying Pakistan is about to hit ‘crude’ jackpot, serious professionals strongly feel this is fairly early to say anything and come to any conclusions — especially about the size and quality of the find — if at all.
Indeed, there are definite prospects, yet no one could be certain at this moment.
And one needs to bear in mind, even if there is a substantial find, it will take several years to bring it online.
A new report includes comparative Life Cycle Assessments of three ground coffee packaging formats: a flexible stand-up pouch, a steel can, and a rigid plastic canister.
The Flexible Packaging Association’s (FPA) recent report,“A Holistic View of the Role of Flexible Packaging in a Sustainable World,” highlights the sustainability benefits of flexible packaging.
FPA commissioned PTIS, LLC to provide a holistic view on the sustainability benefits that flexible packaging offers and foresight into future sustainability implications for the format, and to develop six Life Cycle Assessment case studies comparing flexible packaging to other packaging formats across a range of products.
Average daily crude oil production slipped during the month of January for the first time in nearly six months, according to the Energy Information Administration’s latest report published on Friday.
January oil production for the United States averaged 11.871 million bpd for January—down from 11.961 million bpd in the month prior.
The last decrease in oil production came in May 2018, when production fell to 10.464 million bpd from 10.475 million bpd in April 2018.
The world’s biggest oil-exporting region may lose billions of dollars in annual revenue when an obscure United Nations requirement for ships to burn cleaner fuel takes effect next year.
Saudi Arabia, Iraq and other Middle Eastern suppliers of heavy, high-sulfur crude could take a hit as refiners favor lighter, low-sulfur grades that they can process more easily into less-polluting fuels.
The UN maritime agency’s new rule kicks in on January 1, and estimates of the possible price impact vary widely.
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures surged to a new high for the year this week.
The markets are being underpinned by the OPEC-led production cuts and the U.S. sanctions against Iran and Venezuela, which have helped tighten the global supply. However, Friday’s spike to the upside is likely being fueled by increased demand for risky assets and firmer U.S.
Treasury yields, which have dampened concerns over a U.S. recession later in the year.
The catalyst behind the price action is the optimism created by the resumption of the trade negotiations between the United States and China.
More than fifty agreements and contracts worth over $6 billion were signed at the 8th Kyrgyz-Russian Interregional Conference held in Bishkek on March 27-28.
The conference was attended by Russian President Vladimir Putin and Kyrgyz President Sooronbai Jeenbekov, as well as more than 700 representatives of Russian and Kyrgyz companies, heads of regions and key economic departments.
Special attention was paid to creating conditions for increasing trade and investment. It was decided to develop direct dialogue between the business communities of Russia and Kyrgyzstan by simplifying procedures and improving the business climate.
The Mineral Products Association (MPA) has published a report, From Waste to Resource, highlighting the high levels of recycling being achieved by the UK construction industry, and is calling for more robust waste data for the sector.
Defra statistics from 2014, which were referenced in the construction sector deal and resources and waste strategy, both published last year, show that around 120 million tonnes of construction, demolition and excavation (CDE) waste are generated by construction activity each year – around 60% of the entire amount of waste produced by the UK each year.
Oil fuelled Venezuela’s rise in the Nineties
It appears that early 2019 has brought the end game in Venezuela into sharp focus and the daily news. Nicola Madura and Juan Gualdo continue to lay claim to the presidency while the United States and Russia increasingly attempt to exert their influence.
This scenario is all played out against a backdrop that is described as the Western Hemisphere’s worst humanitarian crisis in recent memory.
Power cuts are a regular occurrence, the nation is suffering from hyperinflation, and there is a severe shortage of even the most basic of items.
A PET recycling industry group gave its temporary blessing to the use shrink sleeve labels with perforations, which will assist in sorting and recycling.
Deseaming shrink label on a P&G product bottle.
The European PET Bottle Platform (EPBP) gave a three-year approval to the packaging industry to use double perforated full shrink sleeve labels on some PET bottle products. The idea is for consumers to be instructed to remove the labels before dropping both the label and bottle into the recycling bin
The approval was limited to household and personal care products, not PET beverages, because of concerns that the removed labels could end up as litter when applied to on-the-go products such as drinks.
The Center for Economic Policy Research in Washington DC analyzes the “very harsh impact” of the latest sanctions imposed on Venezuela’s oil sector.
Venezuela’s crude oil production plummeted by 142,000 barrels per day in February, according to OPEC data, after the Trump administration recognized a parallel government in Venezuela on January 23 and imposed new sanctions on the country.
For the six months prior to February, Venezuela’s crude oil production had fallen by an average of 20,500 barrels per day (see below).
Should India impose a complete ban on plastic?
Plastic pollution is one of the greatest hazards faced by our environment.
As per studies, we are dumping away sufficient plastic which can circle the globe four times.
The worst thing is that almost 50 per cent of the plastic is thrown after the first use.
Though many countries and cities have imposed ban on plastic, statistics clearly indicate that the ban has never been effective.
The major use of plastics happens in restaurants and in the form of bottles.
Recently, Hawaii State in the US decided to ban plastic at restaurants, which in turn will cut down on waste that pollutes the ocean.
Spot adipic acid (ADA)cargoes from China halted their price downtrendthis week amid an unexpected shutdown of amajor domestic plant, while producers aremulling hiking prices amid limited supply.
In the week ended 27 March, spot prices wereassessed stable at $1,150-1,200/tonne CFR (cost& freight) NE (northeast) Asia afterfalling for two weeks, ICIS data showed.
Shandong Haili Chemical Industry, a majorChinese ADA producer, was forced to shut down its 150,000 tonne/year plant forsafety checks after the 21 March fatal blast at Yancheng in China’s easternJiangsu province.
The global nature of the business, equipment advances and packaging innovations were all covered in this year’s Association of Plastic Recyclers Plastics Recycling Showcase and Technical Forum.
The fourth-annual event was held on March 11, in conjunction with the Plastics Recycling Conference and Trade Show. The following is a rundown of event presentations:
A washable-ink shrink sleeve on the Colgate oxy dishwash bottles, produced with the help of the SKC plant in Georgia, was the first to be recognized.
The ink is washable but non-staining, nor does it cause clumping in the drying process at a reclamation facility. The sleeve is now commercialized.